First St Bk & Tst of Valdosta Mortgage Lending & HMDA Data, 2004
In 2004, First St Bk & Tst of Valdosta of Valdosta, GA reported 204 mortgage applications totaling $35.7 million. The average application was for $174,946, and applicants reported an average income of $56,303. 88% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Valdosta, GA (178), Jacksonville, FL (3) and Atlanta-Sandy Springs-Marietta, GA (2) (applications in parentheses).
| Mortgage Company & Address | First St Bk & Tst of Valdosta Po Box 4810 Valdosta, GA 31604 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 204 |
| Total Mortgage Loan Application Amount | $35,689,000 |
| Average Mortgage Loan Application Amount | $174,946 |
| Highest Mortgage Loan Application Amount | $7,900,000 |
| Average Applicant Income | $56,303 |
| Highest Applicant Income | $456,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First St Bk & Tst of Valdosta filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Valdosta, GA | 178 | $ 20,750,000 | $ 116,573 | $ 47,000 |
| Jacksonville, FL | 3 | $ 1,486,000 | $ 495,333 | $ 50,000 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 8,081,000 | $ 4,040,500 | $ 32,000 |
| Fort Walton Beach-Crestview-Destin, FL | 2 | $ 212,000 | $ 106,000 | $ 169,000 |
| Athens-Clarke County, GA | 1 | $ 50,000 | $ 50,000 | $ 160,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 70,000 | $ 70,000 | $ 0 |
| Brunswick, GA | 1 | $ 409,000 | $ 409,000 | $ 400,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 220,000 | $ 220,000 | $ 0 |
| Knoxville, TN | 1 | $ 892,000 | $ 892,000 | $ 0 |
Mortgage Loan Application Detail Totals for First St Bk & Tst of Valdosta in 2004
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 112 | $28,693,000 | $611,666 | $7,900,000 | $38,000 | $456,000 |
| Home Improvement | 59 | $1,290,000 | $42,500 | $409,000 | $49,000 | $400,000 |
| Refinancing | 33 | $5,706,000 | $172,000 | $2,700,000 | $64,000 | $325,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 141 | $18,134,000 | $130,000 | $5,800,000 | $91,500 | $456,000 |
| Not applicable | 38 | $16,200,000 | $726,000 | $7,900,000 | $666 | $99,000 |
| Black or African American | 17 | $881,000 | $51,000 | $205,000 | $44,000 | $110,000 |
| Hispanic | 5 | $237,000 | $47,000 | $150,000 | $36,000 | $60,000 |
| Asian | 2 | $207,000 | $103,000 | $181,000 | $66,000 | $69,000 |
| Not Provided | 1 | $30,000 | $30,000 | $30,000 | $24,000 | $24,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 204 | $35,689,000 | $572,333 | $7,900,000 | $38,000 | $456,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 179 | $35,109,000 | $579,333 | $7,900,000 | $42,000 | $456,000 |
| Application Denied By Financial Institution | 22 | $514,000 | $23,000 | $106,000 | $37,000 | $110,000 |
| Application Withdrawn By Applicant | 3 | $66,000 | $22,000 | $50,000 | $53,000 | $79,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 13 | $378,000 | $29,000 | $106,000 | $41,000 | $110,000 |
| Debt-To-Income Ratio | 6 | $82,000 | $13,000 | $47,000 | $32,000 | $69,000 |
| Collateral | 2 | $34,000 | $17,000 | $30,000 | $31,000 | $43,000 |
| Employment History | 1 | $20,000 | $20,000 | $20,000 | $32,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First St Bk & Tst of Valdosta's 2004 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess First St Bk & Tst of Valdosta's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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