Gms Funding, LLC Mortgage Lending & HMDA Data, 2012
In 2012, Gms Funding, LLC of West Columbia, SC reported 735 mortgage applications totaling $102.1 million, up 23% from 2011. The average application was for $138,861, and applicants reported an average income of $43,797. 14% of its applications resulted in an originated loan and 35% were denied. Its largest markets were Columbia, SC (243), Charleston-North Charleston-Summerville, SC (68) and Greenville-Mauldin-Easley, SC (67) (applications in parentheses).
| Mortgage Company & Address | Gms Funding, LLC 824 Meeting Street West Columbia, SC 29169 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 735 |
| Total Mortgage Loan Application Amount | $102,063,000 |
| Average Mortgage Loan Application Amount | $138,861 |
| Highest Mortgage Loan Application Amount | $715,000 |
| Average Applicant Income | $43,797 |
| Highest Applicant Income | $500,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gms Funding, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Lexington, South Carolina | 112 | $ 16,285,000 | $ 145,401 | $ 44,000 |
| Richland, South Carolina | 100 | $ 13,754,000 | $ 137,540 | $ 38,000 |
| Horry, South Carolina | 66 | $ 8,810,000 | $ 133,484 | $ 44,000 |
| Greenville, South Carolina | 50 | $ 6,020,000 | $ 120,400 | $ 36,000 |
| Charleston, South Carolina | 41 | $ 6,831,000 | $ 166,609 | $ 52,000 |
| Beaufort, South Carolina | 30 | $ 4,416,000 | $ 147,200 | $ 51,000 |
| Anderson, South Carolina | 29 | $ 3,561,000 | $ 122,793 | $ 40,000 |
| Spartanburg, South Carolina | 26 | $ 3,183,000 | $ 122,423 | $ 29,000 |
| York, South Carolina | 23 | $ 3,351,000 | $ 145,695 | $ 56,000 |
| Kershaw, South Carolina | 19 | $ 2,470,000 | $ 130,000 | $ 51,000 |
| Dorchester, South Carolina | 17 | $ 1,876,000 | $ 110,352 | $ 50,000 |
| Jefferson, Alabama | 16 | $ 2,940,000 | $ 183,750 | $ 80,000 |
| Aiken, South Carolina | 16 | $ 2,361,000 | $ 147,562 | $ 46,000 |
| Sumter, South Carolina | 14 | $ 1,481,000 | $ 105,785 | $ 27,000 |
| Cherokee, South Carolina | 11 | $ 1,228,000 | $ 111,636 | $ 24,000 |
| Berkeley, South Carolina | 10 | $ 1,173,000 | $ 117,300 | $ 15,000 |
| Pickens, South Carolina | 9 | $ 1,027,000 | $ 114,111 | $ 31,000 |
| Georgetown, South Carolina | 8 | $ 1,112,000 | $ 139,000 | $ 82,000 |
| Laurens, South Carolina | 8 | $ 1,057,000 | $ 132,125 | $ 20,000 |
| Shelby, Alabama | 7 | $ 2,286,000 | $ 326,571 | $ 106,000 |
| Darlington, South Carolina | 7 | $ 759,000 | $ 108,428 | $ 29,000 |
| Lancaster, South Carolina | 7 | $ 847,000 | $ 121,000 | $ 30,000 |
| Oconee, South Carolina | 7 | $ 1,147,000 | $ 163,857 | $ 17,000 |
| Newberry, South Carolina | 6 | $ 864,000 | $ 144,000 | $ 23,000 |
| Orangeburg, South Carolina | 6 | $ 745,000 | $ 124,166 | $ 14,000 |
| Greenwood, South Carolina | 5 | $ 477,000 | $ 95,400 | $ 10,000 |
| Calhoun, South Carolina | 4 | $ 408,000 | $ 102,000 | $ 8,000 |
| Fairfield, South Carolina | 4 | $ 496,000 | $ 124,000 | $ 31,000 |
| Florence, South Carolina | 4 | $ 546,000 | $ 136,500 | $ 27,000 |
| Saluda, South Carolina | 4 | $ 361,000 | $ 90,250 | $ 0 |
| Union, South Carolina | 4 | $ 569,000 | $ 142,250 | $ 71,000 |
| Abbeville, South Carolina | 3 | $ 365,000 | $ 121,666 | $ 0 |
| Edgefield, South Carolina | 3 | $ 301,000 | $ 100,333 | $ 35,000 |
| Marion, South Carolina | 3 | $ 557,000 | $ 185,666 | $ 67,000 |
| Baldwin, Alabama | 2 | $ 462,000 | $ 231,000 | $ 220,000 |
| Dallas, Alabama | 2 | $ 122,000 | $ 61,000 | $ 19,000 |
| Mobile, Alabama | 2 | $ 207,000 | $ 103,500 | $ 0 |
| St. Clair, Alabama | 2 | $ 250,000 | $ 125,000 | $ 40,000 |
| Tallapoosa, Alabama | 2 | $ 587,000 | $ 293,500 | $ 106,000 |
| Montgomery, Maryland | 2 | $ 687,000 | $ 343,500 | $ 163,000 |
| Clarendon, South Carolina | 2 | $ 158,000 | $ 79,000 | $ 0 |
| Hampton, South Carolina | 2 | $ 180,000 | $ 90,000 | $ 0 |
| Jasper, South Carolina | 2 | $ 351,000 | $ 175,500 | $ 39,000 |
| Lee, South Carolina | 2 | $ 187,000 | $ 93,500 | $ 0 |
| McCormick, South Carolina | 2 | $ 183,000 | $ 91,500 | $ 23,000 |
| Williamsburg, South Carolina | 2 | $ 200,000 | $ 100,000 | $ 0 |
| Giles, Virginia | 2 | $ 193,000 | $ 96,500 | $ 12,000 |
| Prince George, Virginia | 2 | $ 486,000 | $ 243,000 | $ 92,000 |
| Blount, Alabama | 1 | $ 56,000 | $ 56,000 | $ 38,000 |
| Dale, Alabama | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Elmore, Alabama | 1 | $ 394,000 | $ 394,000 | $ 340,000 |
| Etowah, Alabama | 1 | $ 240,000 | $ 240,000 | $ 208,000 |
| Lauderdale, Alabama | 1 | $ 55,000 | $ 55,000 | $ 44,000 |
| Montgomery, Alabama | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Pickens, Alabama | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Talladega, Alabama | 1 | $ 169,000 | $ 169,000 | $ 408,000 |
| Tuscaloosa, Alabama | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Walker, Alabama | 1 | $ 116,000 | $ 116,000 | $ 84,000 |
| Broward, Florida | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Anne Arundel, Maryland | 1 | $ 289,000 | $ 289,000 | $ 114,000 |
| Baltimore, Maryland | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Barnwell, South Carolina | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Chester, South Carolina | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Colleton, South Carolina | 1 | $ 115,000 | $ 115,000 | $ 137,000 |
| Marlboro, South Carolina | 1 | $ 58,000 | $ 58,000 | $ 0 |
| Davidson, Tennessee | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Sumner, Tennessee | 1 | $ 179,000 | $ 179,000 | $ 65,000 |
| Weakley, Tennessee | 1 | $ 118,000 | $ 118,000 | $ 59,000 |
| Albemarle, Virginia | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Arlington, Virginia | 1 | $ 134,000 | $ 134,000 | $ 96,000 |
| Fairfax, Virginia | 1 | $ 100,000 | $ 100,000 | $ 37,000 |
| Fauquier, Virginia | 1 | $ 137,000 | $ 137,000 | $ 123,000 |
| Lunenburg, Virginia | 1 | $ 352,000 | $ 352,000 | $ 75,000 |
| Roanoke City, Virginia | 1 | $ 129,000 | $ 129,000 | $ 48,000 |
| Rockingham, Virginia | 1 | $ 210,000 | $ 210,000 | $ 160,000 |
| Stafford, Virginia | 1 | $ 290,000 | $ 290,000 | $ 34,000 |
Mortgage Loan Application Detail Totals for Gms Funding, LLC in 2012
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 | 683 | $95,125,000 | $139,000 | $715,000 | $45,000 | $500,000 |
| Home Purchase | 52 | $6,938,000 | $133,000 | $480,000 | $28,000 | $211,000 |
| 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 Provided | 511 | $67,693,000 | $132,000 | $715,000 | $36,000 | $340,000 |
| White | 174 | $28,898,000 | $166,000 | $600,000 | $75,000 | $500,000 |
| Black or African American | 50 | $5,472,000 | $109,000 | $396,000 | $7,000 | $158,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 654 | $90,947,000 | $139,000 | $715,000 | $43,000 | $500,000 |
| FHA-insured (Federal Housing Administration) | 75 | $10,233,000 | $136,000 | $367,000 | $42,000 | $179,000 |
| VA-guaranteed (Veterans Administration) | 6 | $883,000 | $147,000 | $191,000 | $57,000 | $109,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 368 | $52,958,000 | $143,000 | $600,000 | $50,000 | $410,000 |
| Application Denied By Financial Institution | 260 | $30,515,000 | $117,000 | $715,000 | $19,000 | $500,000 |
| Loan Originated | 104 | $18,076,000 | $173,000 | $410,000 | $80,000 | $350,000 |
| Application Approved But Not Accepted | 2 | $409,000 | $204,000 | $210,000 | $139,000 | $160,000 |
| File Closed For Incompleteness | 1 | $105,000 | $105,000 | $105,000 | $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 | 200 | $21,419,000 | $107,000 | $291,000 | $10,000 | $190,000 |
| Collateral | 24 | $3,787,000 | $157,000 | $715,000 | $51,000 | $208,000 |
| Other | 16 | $2,252,000 | $140,000 | $289,000 | $75,000 | $500,000 |
| Debt-To-Income Ratio | 8 | $1,001,000 | $125,000 | $200,000 | $37,000 | $108,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $915,000 | $228,000 | $370,000 | $35,000 | $66,000 |
| Credit Application Incomplete | 2 | $200,000 | $100,000 | $100,000 | $0 | $0 |
| Employment History | 1 | $340,000 | $340,000 | $340,000 | $78,000 | $78,000 |
| Mortgage Insurance Denied | 1 | $192,000 | $192,000 | $192,000 | $78,000 | $78,000 |
| Unverifiable Information | 1 | $100,000 | $100,000 | $100,000 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gms Funding, LLC's 2012 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 Gms Funding, LLC'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 South Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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