Gainesville Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, Gainesville Bank & Trust of Gainesville, GA reported 174 mortgage applications totaling $21.8 million, down 55% from 2006. The average application was for $125,385, and applicants reported an average income of $83,465. 91% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Gainesville, GA (97), Athens-Clarke County, GA (31) and Atlanta-Sandy Springs-Marietta, GA (17) (applications in parentheses).
| Mortgage Company & Address | Gainesville Bank & Trust 500 Jesse Jewell Parkway Gainesville, GA 30501 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 174 |
| Total Mortgage Loan Application Amount | $21,817,000 |
| Average Mortgage Loan Application Amount | $125,385 |
| Highest Mortgage Loan Application Amount | $1,700,000 |
| Average Applicant Income | $83,465 |
| Highest Applicant Income | $916,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gainesville Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hall, Georgia | 97 | $ 9,848,000 | $ 101,525 | $ 87,000 |
| Clarke, Georgia | 22 | $ 3,651,000 | $ 165,954 | $ 85,000 |
| Banks, Georgia | 5 | $ 512,000 | $ 102,400 | $ 21,000 |
| Jackson, Georgia | 5 | $ 390,000 | $ 78,000 | $ 200,000 |
| Oconee, Georgia | 4 | $ 325,000 | $ 81,250 | $ 43,000 |
| White, Georgia | 4 | $ 554,000 | $ 138,500 | $ 13,000 |
| Barrow, Georgia | 3 | $ 267,000 | $ 89,000 | $ 0 |
| Dawson, Georgia | 3 | $ 262,000 | $ 87,333 | $ 156,000 |
| Forsyth, Georgia | 3 | $ 122,000 | $ 40,666 | $ 64,000 |
| Lumpkin, Georgia | 3 | $ 740,000 | $ 246,666 | $ 207,000 |
| Oglethorpe, Georgia | 3 | $ 204,000 | $ 68,000 | $ 64,000 |
| Carroll, Georgia | 2 | $ 93,000 | $ 46,500 | $ 177,000 |
| Clayton, Georgia | 2 | $ 172,000 | $ 86,000 | $ 0 |
| Elbert, Georgia | 2 | $ 135,000 | $ 67,500 | $ 87,000 |
| Habersham, Georgia | 2 | $ 108,000 | $ 54,000 | $ 17,000 |
| Madison, Georgia | 2 | $ 205,000 | $ 102,500 | $ 40,000 |
| Walton, Georgia | 2 | $ 161,000 | $ 80,500 | $ 101,000 |
| Bay, Florida | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Bibb, Georgia | 1 | $ 88,000 | $ 88,000 | $ 156,000 |
| Franklin, Georgia | 1 | $ 165,000 | $ 165,000 | $ 100,000 |
| Fulton, Georgia | 1 | $ 1,700,000 | $ 1,700,000 | $ 0 |
| Glynn, Georgia | 1 | $ 329,000 | $ 329,000 | $ 108,000 |
| Greene, Georgia | 1 | $ 101,000 | $ 101,000 | $ 26,000 |
| Gwinnett, Georgia | 1 | $ 204,000 | $ 204,000 | $ 108,000 |
| Houston, Georgia | 1 | $ 13,000 | $ 13,000 | $ 45,000 |
| Rabun, Georgia | 1 | $ 1,200,000 | $ 1,200,000 | $ 0 |
| Stephens, Georgia | 1 | $ 68,000 | $ 68,000 | $ 44,000 |
Mortgage Loan Application Detail Totals for Gainesville Bank & Trust in 2007
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 |
|---|---|---|---|---|---|---|
| Refinancing | 86 | $13,919,000 | $161,000 | $1,700,000 | $87,000 | $771,000 |
| Home Purchase | 47 | $6,349,000 | $135,000 | $990,000 | $87,000 | $916,000 |
| Home Improvement | 41 | $1,549,000 | $37,000 | $178,000 | $72,000 | $384,000 |
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 | 122 | $12,005,000 | $98,000 | $1,200,000 | $109,000 | $916,000 |
| Not applicable | 33 | $8,157,000 | $247,000 | $1,700,000 | $0 | $0 |
| Hispanic | 15 | $1,548,000 | $103,000 | $732,000 | $72,000 | $309,000 |
| Black or African American | 4 | $107,000 | $26,000 | $50,000 | $39,000 | $70,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 174 | $21,817,000 | $125,000 | $1,700,000 | $83,000 | $916,000 |
| 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 | 159 | $21,036,000 | $132,000 | $1,700,000 | $86,000 | $916,000 |
| Application Denied By Financial Institution | 9 | $240,000 | $26,000 | $70,000 | $52,000 | $88,000 |
| Application Withdrawn By Applicant | 3 | $365,000 | $121,000 | $150,000 | $85,000 | $192,000 |
| Application Approved But Not Accepted | 3 | $176,000 | $58,000 | $139,000 | $20,000 | $36,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gainesville Bank & Trust's 2007 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 Gainesville Bank & Trust'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 Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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