Fnb of Central Alabama Mortgage Lending & HMDA Data, 2016
In 2016, Fnb of Central Alabama of Tuscaloosa, AL reported 33 mortgage applications totaling $6.4 million, down 23% from 2015. The average application was for $195,151, and applicants reported an average income of $53,181. 76% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Tuscaloosa, AL (29), Birmingham-Hoover, AL (2) and Crestview-Fort Walton Beach-Destin, FL (1) (applications in parentheses).
| Mortgage Company & Address | Fnb of Central Alabama 2323 Paul W Bryant Drive Tuscaloosa, AL 35401 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2016 2015 2014 |
| Total Number of Mortgage Applications | 33 |
| Total Mortgage Loan Application Amount | $6,440,000 |
| Average Mortgage Loan Application Amount | $195,151 |
| Highest Mortgage Loan Application Amount | $1,075,000 |
| Average Applicant Income | $53,181 |
| Highest Applicant Income | $577,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fnb of Central Alabama filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Fnb of Central Alabama in 2016
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 | 21 | $4,358,000 | $207,000 | $1,075,000 | $59,000 | $577,000 |
| Refinancing | 12 | $2,082,000 | $173,000 | $916,000 | $43,000 | $241,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 17 | $4,654,000 | $273,000 | $1,075,000 | $0 | $0 |
| White | 14 | $1,542,000 | $110,000 | $417,000 | $106,000 | $577,000 |
| Not Provided | 2 | $244,000 | $122,000 | $209,000 | $141,000 | $176,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin 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) | 31 | $6,247,000 | $201,000 | $1,075,000 | $55,000 | $577,000 |
| FHA-insured (Federal Housing Administration) | 2 | $193,000 | $96,000 | $117,000 | $32,000 | $42,000 |
| 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 | 25 | $5,482,000 | $219,000 | $1,075,000 | $45,000 | $577,000 |
| Application Denied By Financial Institution | 6 | $806,000 | $134,000 | $417,000 | $80,000 | $241,000 |
| Application Withdrawn By Applicant | 2 | $152,000 | $76,000 | $117,000 | $77,000 | $106,000 |
| 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 | 4 | $362,000 | $90,000 | $163,000 | $32,000 | $66,000 |
| Debt-To-Income Ratio | 2 | $444,000 | $222,000 | $417,000 | $177,000 | $241,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fnb of Central Alabama's 2016 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 Fnb of Central Alabama'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.
For a list of all lenders in Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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