Gscb - Apalach Mortgage Lending & HMDA Data, 2008
In 2008, Gscb - Apalach of Apalachicola, FL reported 67 mortgage applications totaling $4.1 million, down 23% from 2007. The average application was for $60,537, and applicants reported an average income of $49,940. 70% of its applications resulted in an originated loan and 21% were denied. Its largest market was Tallahassee, FL (38).
| Mortgage Company & Address | Gscb - Apalach 73 Avenue E Apalachicola, FL 32329 |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 67 |
| Total Mortgage Loan Application Amount | $4,056,000 |
| Average Mortgage Loan Application Amount | $60,537 |
| Highest Mortgage Loan Application Amount | $412,000 |
| Average Applicant Income | $49,940 |
| Highest Applicant Income | $423,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gscb - Apalach filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Gscb - Apalach 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 Improvement | 28 | $359,000 | $12,000 | $58,000 | $38,000 | $103,000 |
| Refinancing | 25 | $2,273,000 | $90,000 | $223,000 | $56,000 | $200,000 |
| Home Purchase | 14 | $1,424,000 | $101,000 | $412,000 | $63,000 | $423,000 |
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 | 62 | $3,809,000 | $61,000 | $412,000 | $50,000 | $423,000 |
| Black or African American | 4 | $193,000 | $48,000 | $121,000 | $21,000 | $26,000 |
| Hispanic | 1 | $54,000 | $54,000 | $54,000 | $156,000 | $156,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 67 | $4,056,000 | $60,000 | $412,000 | $50,000 | $423,000 |
| 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 | 47 | $2,645,000 | $56,000 | $412,000 | $55,000 | $423,000 |
| Application Denied By Financial Institution | 14 | $919,000 | $65,000 | $195,000 | $29,000 | $82,000 |
| Application Withdrawn By Applicant | 6 | $492,000 | $82,000 | $167,000 | $54,000 | $89,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 4 | $116,000 | $29,000 | $61,000 | $31,000 | $54,000 |
| Debt-To-Income Ratio | 4 | $342,000 | $85,000 | $195,000 | $27,000 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $318,000 | $106,000 | $147,000 | $46,000 | $82,000 |
| Other | 2 | $22,000 | $11,000 | $15,000 | $22,000 | $25,000 |
| Unverifiable Information | 1 | $121,000 | $121,000 | $121,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gscb - Apalach'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 Gscb - Apalach'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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