Gms Funding, LLC Mortgage Lending & HMDA Data, 2010
In 2010, Gms Funding, LLC of West Columbia, SC reported 2,063 mortgage applications totaling $259.8 million, down 20% from 2009. The average application was for $125,940, and applicants reported an average income of $37,809. 10% of its applications resulted in an originated loan and 42% were denied. Its largest markets were Columbia, SC (532), Birmingham-Hoover, AL (70) and Greenville-Mauldin-Easley, SC (70) (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 | 2,063 |
| Total Mortgage Loan Application Amount | $259,816,000 |
| Average Mortgage Loan Application Amount | $125,940 |
| Highest Mortgage Loan Application Amount | $983,000 |
| Average Applicant Income | $37,809 |
| Highest Applicant Income | $563,000 |
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Act (HMDA) records Gms Funding, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Columbia, SC | 532 | $ 60,573,000 | $ 113,859 | $ 26,000 |
| Birmingham-Hoover, AL | 70 | $ 10,848,000 | $ 154,971 | $ 63,000 |
| Greenville-Mauldin-Easley, SC | 70 | $ 8,325,000 | $ 118,928 | $ 38,000 |
| Charleston-North Charleston-Summerville, SC | 68 | $ 10,826,000 | $ 159,205 | $ 48,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 56 | $ 8,065,000 | $ 144,017 | $ 66,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 51 | $ 7,602,000 | $ 149,058 | $ 53,000 |
| Richmond, VA | 51 | $ 6,676,000 | $ 130,901 | $ 54,000 |
| Memphis, TN-MS-AR | 48 | $ 5,757,000 | $ 119,937 | $ 53,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 43 | $ 5,875,000 | $ 136,627 | $ 54,000 |
| Anderson, SC | 38 | $ 4,809,000 | $ 126,552 | $ 36,000 |
| Knoxville, TN | 38 | $ 5,162,000 | $ 135,842 | $ 53,000 |
| Huntsville, AL | 35 | $ 4,054,000 | $ 115,828 | $ 55,000 |
| Mobile, AL | 34 | $ 4,638,000 | $ 136,411 | $ 55,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 30 | $ 4,564,000 | $ 152,133 | $ 47,000 |
| Spartanburg, SC | 26 | $ 3,125,000 | $ 120,192 | $ 32,000 |
| Roanoke, VA | 25 | $ 3,016,000 | $ 120,640 | $ 45,000 |
| Chattanooga, TN-GA | 23 | $ 3,064,000 | $ 133,217 | $ 42,086 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 20 | $ 3,194,000 | $ 159,700 | $ 58,500 |
| Montgomery, AL | 19 | $ 3,279,000 | $ 172,578 | $ 64,000 |
| Florence, SC | 17 | $ 2,153,000 | $ 126,647 | $ 65,000 |
| Augusta-Richmond County, GA-SC | 15 | $ 1,830,000 | $ 122,000 | $ 46,000 |
| Florence-Muscle Shoals, AL | 15 | $ 1,478,000 | $ 98,533 | $ 64,000 |
| Charlottesville, VA | 13 | $ 1,903,000 | $ 146,384 | $ 56,000 |
| Clarksville, TN-KY | 13 | $ 1,351,000 | $ 103,923 | $ 61,000 |
| Johnson City, TN | 13 | $ 1,847,000 | $ 142,076 | $ 49,000 |
| Lynchburg, VA | 13 | $ 1,827,000 | $ 140,538 | $ 55,000 |
| Sumter, SC | 11 | $ 1,135,000 | $ 103,181 | $ 43,000 |
| Tuscaloosa, AL | 9 | $ 995,000 | $ 110,555 | $ 42,000 |
| Auburn-Opelika, AL | 8 | $ 1,021,000 | $ 127,625 | $ 73,000 |
| Decatur, AL | 8 | $ 899,000 | $ 112,375 | $ 55,000 |
| Dothan, AL | 8 | $ 1,206,000 | $ 150,750 | $ 78,000 |
| Kingsport-Bristol-Bristol, TN-VA | 8 | $ 1,091,000 | $ 136,375 | $ 50,875 |
| Morristown, TN | 8 | $ 1,098,000 | $ 137,250 | $ 21,000 |
| Cleveland, TN | 6 | $ 841,000 | $ 140,166 | $ 60,000 |
| Dallas-Plano-Irving, TX | 6 | $ 700,000 | $ 116,666 | $ 0 |
| Danville, VA | 5 | $ 585,000 | $ 117,000 | $ 33,000 |
| Jackson, TN | 5 | $ 497,000 | $ 99,400 | $ 50,000 |
| Anniston-Oxford, AL | 4 | $ 567,000 | $ 141,750 | $ 76,000 |
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 416,000 | $ 104,000 | $ 12,000 |
| Columbus, GA-AL | 4 | $ 714,000 | $ 178,500 | $ 54,750 |
| Denver-Aurora-Broomfield, CO | 4 | $ 540,000 | $ 135,000 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 4 | $ 478,000 | $ 119,500 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 433,000 | $ 108,250 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 4 | $ 495,000 | $ 123,750 | $ 0 |
| Winchester, VA-WV | 4 | $ 555,000 | $ 138,750 | $ 46,000 |
| Chicago-Joliet-Naperville, IL | 3 | $ 343,000 | $ 114,333 | $ 0 |
| Harrisonburg, VA | 3 | $ 382,000 | $ 127,333 | $ 30,000 |
| Jacksonville, FL | 3 | $ 624,000 | $ 208,000 | $ 112,000 |
| Pittsburgh, PA | 3 | $ 405,000 | $ 135,000 | $ 0 |
| San Diego-Carlsbad-San Marcos, CA | 3 | $ 367,000 | $ 122,333 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 270,000 | $ 135,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 232,000 | $ 116,000 | $ 0 |
| Indianapolis-Carmel, IN | 2 | $ 239,000 | $ 119,500 | $ 0 |
| New York-White Plains-Wayne, NY-NJ | 2 | $ 270,000 | $ 135,000 | $ 0 |
| Oakland-Fremont-Hayward, CA | 2 | $ 232,000 | $ 116,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 239,000 | $ 119,500 | $ 0 |
| Phoenix-Mesa-Glendale, AZ | 2 | $ 239,000 | $ 119,500 | $ 0 |
| San Francisco-San Mateo-Redwood City, CA | 2 | $ 239,000 | $ 119,500 | $ 0 |
| Santa Barbara-Santa Maria-Goleta, CA | 2 | $ 270,000 | $ 135,000 | $ 0 |
| St. Louis, MO-IL | 2 | $ 232,000 | $ 116,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 232,000 | $ 116,000 | $ 0 |
| Toledo, OH | 2 | $ 270,000 | $ 135,000 | $ 0 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 239,000 | $ 119,500 | $ 0 |
| Wichita, KS | 2 | $ 270,000 | $ 135,000 | $ 0 |
| Anchorage, AK | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Ann Arbor, MI | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Appleton, WI | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Asheville, NC | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Austin-Round Rock-San Marcos, TX | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Baton Rouge, LA | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 142,000 | $ 142,000 | $ 0 |
| Cape Girardeau-Jackson, MO-IL | 1 | $ 97,000 | $ 97,000 | $ 0 |
| Champaign-Urbana, IL | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Corvallis, OR | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Dalton, GA | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Durham-Chapel Hill, NC | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Edison-New Brunswick, NJ | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Gadsden, AL | 1 | $ 417,000 | $ 417,000 | $ 0 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Joplin, MO | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Lansing-East Lansing, MI | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Las Vegas-Paradise, NV | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Napa, CA | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Nassau-Suffolk, NY | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Norwich-New London, CT | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Peabody, MA | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Rochester, NY | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Salt Lake City, UT | 1 | $ 104,000 | $ 104,000 | $ 0 |
| San Antonio-New Braunfels, TX | 1 | $ 135,000 | $ 135,000 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 135,000 | $ 135,000 | $ 0 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Seattle-Bellevue-Everett, WA | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Syracuse, NY | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Terre Haute, IN | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Tucson, AZ | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Worcester, MA | 1 | $ 135,000 | $ 135,000 | $ 0 |
Mortgage Loan Application Detail Totals for Gms Funding, LLC in 2010
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 | 1,384 | $188,265,000 | $136,000 | $983,000 | $49,000 | $563,000 |
| Home Purchase | 679 | $71,551,000 | $105,000 | $780,000 | $15,000 | $250,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 928 | $122,807,000 | $132,000 | $983,000 | $48,000 | $360,000 |
| Not Provided | 741 | $93,752,000 | $126,000 | $795,000 | $36,000 | $563,000 |
| Black or African American | 367 | $40,332,000 | $109,000 | $408,000 | $18,000 | $199,000 |
| Hispanic | 21 | $2,225,000 | $105,000 | $207,000 | $24,000 | $120,000 |
| Asian | 4 | $480,000 | $120,000 | $146,000 | $40,000 | $120,000 |
| American Indian or Alaskan Native | 1 | $116,000 | $116,000 | $116,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $104,000 | $104,000 | $104,000 | $0 | $0 |
| Not applicable | 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) | 1,557 | $204,338,000 | $131,000 | $983,000 | $41,000 | $563,000 |
| FHA-insured (Federal Housing Administration) | 483 | $52,475,000 | $108,000 | $277,000 | $27,000 | $122,000 |
| VA-guaranteed (Veterans Administration) | 14 | $1,911,000 | $136,000 | $209,000 | $48,000 | $153,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $1,092,000 | $121,000 | $192,000 | $13,000 | $43,000 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 988 | $135,838,000 | $137,000 | $983,000 | $56,000 | $563,000 |
| Application Denied By Financial Institution | 868 | $98,189,000 | $113,000 | $795,000 | $13,000 | $250,000 |
| Loan Originated | 200 | $24,927,000 | $124,000 | $416,000 | $58,000 | $193,000 |
| Preapproval Denied by Financial Institution | 5 | $663,000 | $132,000 | $217,000 | $31,000 | $48,000 |
| Application Approved But Not Accepted | 1 | $95,000 | $95,000 | $95,000 | $90,000 | $90,000 |
| File Closed For Incompleteness | 1 | $104,000 | $104,000 | $104,000 | $42,000 | $42,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 745 | $83,062,000 | $111,000 | $795,000 | $10,000 | $250,000 |
| Debt-To-Income Ratio | 27 | $3,131,000 | $115,000 | $244,000 | $32,000 | $101,000 |
| Collateral | 21 | $3,002,000 | $142,000 | $358,000 | $36,000 | $144,000 |
| Other | 10 | $1,480,000 | $148,000 | $672,000 | $21,000 | $67,000 |
| Employment History | 6 | $558,000 | $93,000 | $140,000 | $20,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $64,000 | $64,000 | $64,000 | $30,000 | $30,000 |
| Unverifiable Information | 1 | $58,000 | $58,000 | $58,000 | $30,000 | $30,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gms Funding, LLC's 2010 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.
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