First State Home Loan Mortgage Lending & HMDA Data, 2008
In 2008, First State Home Loan of Harker Heights, TX reported 189 mortgage applications totaling $27.1 million, down 6% from 2007. The average application was for $143,566, and applicants reported an average income of $67,904. 74% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Killeen-Temple-Fort Hood, TX (162), Austin-Round Rock, TX (4) and El Paso, TX (1) (applications in parentheses).
| Mortgage Company & Address | First State Home Loan 302 Millers Crossing Suite 11 Harker Heights, TX 76548 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 189 |
| Total Mortgage Loan Application Amount | $27,134,000 |
| Average Mortgage Loan Application Amount | $143,566 |
| Highest Mortgage Loan Application Amount | $505,000 |
| Average Applicant Income | $67,904 |
| Highest Applicant Income | $388,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First State Home Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Killeen-Temple-Fort Hood, TX | 162 | $ 23,151,000 | $ 142,907 | $ 67,000 |
| Austin-Round Rock, TX | 4 | $ 926,000 | $ 231,500 | $ 130,000 |
| El Paso, TX | 1 | $ 92,000 | $ 92,000 | $ 37,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 174,000 | $ 174,000 | $ 89,000 |
| San Antonio, TX | 1 | $ 153,000 | $ 153,000 | $ 108,000 |
Mortgage Loan Application Detail Totals for First State Home Loan in 2008
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 | 186 | $26,842,000 | $144,000 | $505,000 | $68,000 | $388,000 |
| Refinancing | 3 | $292,000 | $97,000 | $152,000 | $62,000 | $112,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 89 | $11,311,000 | $127,000 | $364,000 | $62,000 | $166,000 |
| Black or African American | 52 | $8,504,000 | $163,000 | $409,000 | $76,000 | $272,000 |
| Hispanic | 32 | $5,380,000 | $168,000 | $505,000 | $75,000 | $388,000 |
| Not Provided | 7 | $864,000 | $123,000 | $204,000 | $60,000 | $99,000 |
| Asian | 6 | $641,000 | $106,000 | $183,000 | $60,000 | $107,000 |
| American Indian or Alaskan Native | 3 | $434,000 | $144,000 | $220,000 | $79,000 | $131,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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 |
|---|---|---|---|---|---|---|
| VA-guaranteed (Veterans Administration) | 180 | $26,149,000 | $145,000 | $505,000 | $68,000 | $388,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 9 | $985,000 | $109,000 | $214,000 | $74,000 | $110,000 |
| 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 |
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 | 140 | $20,673,000 | $147,000 | $505,000 | $71,000 | $388,000 |
| Application Approved But Not Accepted | 17 | $2,645,000 | $155,000 | $409,000 | $70,000 | $160,000 |
| Application Denied By Financial Institution | 14 | $1,618,000 | $115,000 | $231,000 | $57,000 | $112,000 |
| Preapproval Approved but not Accepted | 9 | $1,139,000 | $126,000 | $204,000 | $50,000 | $99,000 |
| Application Withdrawn By Applicant | 7 | $849,000 | $121,000 | $176,000 | $61,000 | $95,000 |
| File Closed For Incompleteness | 2 | $210,000 | $105,000 | $114,000 | $65,000 | $81,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 4 | $432,000 | $108,000 | $128,000 | $44,000 | $72,000 |
| Credit History | 3 | $383,000 | $127,000 | $172,000 | $58,000 | $94,000 |
| Collateral | 2 | $189,000 | $94,000 | $129,000 | $78,000 | $112,000 |
| Credit Application Incomplete | 2 | $383,000 | $191,000 | $231,000 | $73,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $126,000 | $63,000 | $99,000 | $53,000 | $58,000 |
| Employment History | 1 | $105,000 | $105,000 | $105,000 | $34,000 | $34,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First State Home Loan's 2008 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 State Home Loan'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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