Georgia B&Tc of Augusta Mortgage Lending & HMDA Data, 2008
In 2008, Georgia B&Tc of Augusta of Augusta, GA reported 2,216 mortgage applications totaling $355.6 million, up 1% from 2007. The average application was for $160,461, and applicants reported an average income of $77,720. 92% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Augusta-Richmond County, GA-SC (1,467), Savannah, GA (253) and Hinesville-Fort Stewart, GA (106) (applications in parentheses).
| Mortgage Company & Address | Georgia B&Tc of Augusta P O Box 15367 Augusta, GA 30919 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,216 |
| Total Mortgage Loan Application Amount | $355,582,000 |
| Average Mortgage Loan Application Amount | $160,461 |
| Highest Mortgage Loan Application Amount | $3,690,000 |
| Average Applicant Income | $77,720 |
| Highest Applicant Income | $1,788,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Georgia B&Tc of Augusta filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Georgia B&Tc of Augusta 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 | 1,394 | $204,250,000 | $146,000 | $745,000 | $70,000 | $933,000 |
| Refinancing | 700 | $137,064,000 | $195,000 | $3,690,000 | $92,000 | $1,788,000 |
| Home Improvement | 122 | $14,268,000 | $116,000 | $2,500,000 | $84,000 | $883,000 |
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 | 1,630 | $259,421,000 | $159,000 | $3,690,000 | $88,000 | $1,788,000 |
| Black or African American | 387 | $53,606,000 | $138,000 | $442,000 | $56,000 | $307,000 |
| Not applicable | 73 | $24,087,000 | $329,000 | $2,820,000 | $0 | $0 |
| Hispanic | 64 | $7,888,000 | $123,000 | $417,000 | $57,000 | $188,000 |
| Asian | 30 | $5,746,000 | $191,000 | $400,000 | $81,000 | $250,000 |
| Not Provided | 18 | $2,859,000 | $158,000 | $325,000 | $53,000 | $111,000 |
| American Indian or Alaskan Native | 7 | $1,026,000 | $146,000 | $282,000 | $58,000 | $115,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $949,000 | $135,000 | $293,000 | $62,000 | $122,000 |
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) | 1,125 | $204,503,000 | $181,000 | $3,690,000 | $100,000 | $1,788,000 |
| FHA-insured (Federal Housing Administration) | 678 | $86,142,000 | $127,000 | $276,000 | $55,000 | $352,000 |
| VA-guaranteed (Veterans Administration) | 373 | $59,634,000 | $159,000 | $417,000 | $57,000 | $221,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 40 | $5,303,000 | $132,000 | $226,000 | $45,000 | $77,000 |
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 | 2,032 | $326,214,000 | $160,000 | $3,690,000 | $79,000 | $1,788,000 |
| Application Denied By Financial Institution | 70 | $10,067,000 | $143,000 | $990,000 | $68,000 | $780,000 |
| Application Withdrawn By Applicant | 56 | $10,021,000 | $178,000 | $417,000 | $78,000 | $272,000 |
| Loan Purchased By The Institution | 29 | $4,882,000 | $168,000 | $765,000 | $1,000 | $40,000 |
| File Closed For Incompleteness | 17 | $1,929,000 | $113,000 | $263,000 | $69,000 | $300,000 |
| Application Approved But Not Accepted | 12 | $2,469,000 | $205,000 | $440,000 | $87,000 | $258,000 |
| 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 Georgia B&Tc of Augusta'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 Georgia B&Tc of Augusta'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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