Gainesville Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, Gainesville Bank & Trust of Gainesville, GA reported 428 mortgage applications totaling $46.9 million, down 2% from 2004. The average application was for $109,635, and applicants reported an average income of $84,112. 94% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Gainesville, GA (208), Atlanta-Sandy Springs-Marietta, GA (51) and Athens-Clarke County, GA (13) (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 | 428 |
| Total Mortgage Loan Application Amount | $46,924,000 |
| Average Mortgage Loan Application Amount | $109,635 |
| Highest Mortgage Loan Application Amount | $1,302,000 |
| Average Applicant Income | $84,112 |
| Highest Applicant Income | $2,012,000 |
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(HMDA) records Gainesville Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 208 | $ 20,904,000 | $ 100,500 | $ 75,000 |
| Lumpkin, Georgia | 96 | $ 8,194,000 | $ 85,354 | $ 44,000 |
| Habersham, Georgia | 16 | $ 2,121,000 | $ 132,562 | $ 49,000 |
| Jackson, Georgia | 16 | $ 1,577,000 | $ 98,562 | $ 105,000 |
| Clarke, Georgia | 13 | $ 2,372,000 | $ 182,461 | $ 324,000 |
| Forsyth, Georgia | 10 | $ 755,000 | $ 75,500 | $ 38,000 |
| Fulton, Georgia | 10 | $ 3,357,000 | $ 335,700 | $ 58,000 |
| White, Georgia | 10 | $ 613,000 | $ 61,300 | $ 78,000 |
| Dawson, Georgia | 9 | $ 643,000 | $ 71,444 | $ 65,000 |
| Barrow, Georgia | 5 | $ 924,000 | $ 184,800 | $ 50,000 |
| Carroll, Georgia | 4 | $ 295,000 | $ 73,750 | $ 346,000 |
| Gwinnett, Georgia | 4 | $ 505,000 | $ 126,250 | $ 93,000 |
| Banks, Georgia | 3 | $ 208,000 | $ 69,333 | $ 21,000 |
| Union, Georgia | 3 | $ 148,000 | $ 49,333 | $ 20,000 |
| Clayton, Georgia | 2 | $ 171,000 | $ 85,500 | $ 130,000 |
| Walton, Georgia | 2 | $ 673,000 | $ 336,500 | $ 0 |
| DeKalb, Alabama | 1 | $ 99,000 | $ 99,000 | $ 271,000 |
| Nassau, Florida | 1 | $ 375,000 | $ 375,000 | $ 1,840,000 |
| Cherokee, Georgia | 1 | $ 98,000 | $ 98,000 | $ 60,000 |
| Cobb, Georgia | 1 | $ 421,000 | $ 421,000 | $ 0 |
| Douglas, Georgia | 1 | $ 58,000 | $ 58,000 | $ 60,000 |
| Floyd, Georgia | 1 | $ 503,000 | $ 503,000 | $ 0 |
| Gilmer, Georgia | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Glynn, Georgia | 1 | $ 600,000 | $ 600,000 | $ 168,000 |
| Pickens, Georgia | 1 | $ 30,000 | $ 30,000 | $ 77,000 |
| Rabun, Georgia | 1 | $ 61,000 | $ 61,000 | $ 111,000 |
| Spalding, Georgia | 1 | $ 96,000 | $ 96,000 | $ 40,000 |
| Towns, Georgia | 1 | $ 335,000 | $ 335,000 | $ 123,000 |
| Lyon, Kentucky | 1 | $ 20,000 | $ 20,000 | $ 118,000 |
| Harrison, Mississippi | 1 | $ 104,000 | $ 104,000 | $ 400,000 |
| Durham, North Carolina | 1 | $ 146,000 | $ 146,000 | $ 200,000 |
| Nash, North Carolina | 1 | $ 110,000 | $ 110,000 | $ 124,000 |
| Horry, South Carolina | 1 | $ 304,000 | $ 304,000 | $ 153,000 |
Mortgage Loan Application Detail Totals for Gainesville Bank & Trust in 2005
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 | 264 | $29,728,000 | $105,000 | $1,302,000 | $244,333 | $2,012,000 |
| Home Purchase | 101 | $15,358,000 | $243,250 | $600,000 | $584,500 | $2,012,000 |
| Home Improvement | 63 | $1,838,000 | $52,666 | $290,000 | $94,000 | $192,000 |
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 | 316 | $31,964,000 | $161,285 | $693,000 | $438,857 | $2,012,000 |
| Not applicable | 66 | $11,380,000 | $172,000 | $1,302,000 | $0 | $0 |
| Hispanic | 26 | $1,645,000 | $63,000 | $286,000 | $50,000 | $425,000 |
| Not Provided | 11 | $1,234,000 | $112,000 | $265,000 | $61,000 | $260,000 |
| Asian | 4 | $428,000 | $107,000 | $154,000 | $132,000 | $250,000 |
| Black or African American | 4 | $180,000 | $45,000 | $94,000 | $72,000 | $144,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $93,000 | $93,000 | $93,000 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 428 | $46,924,000 | $162,571 | $1,302,000 | $432,857 | $2,012,000 |
| 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 | 401 | $45,158,000 | $163,000 | $1,302,000 | $434,428 | $2,012,000 |
| Application Denied By Financial Institution | 24 | $1,334,000 | $55,000 | $300,000 | $29,000 | $73,000 |
| Application Withdrawn By Applicant | 3 | $432,000 | $144,000 | $250,000 | $52,000 | $66,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2005 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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