Guaranty Loan & Real Estate Co Mortgage Lending & HMDA Data, 2005
In 2005, Guaranty Loan & Real Estate Co of West Memphis, AR reported 99 mortgage applications totaling $10.2 million. The average application was for $102,606, and applicants reported an average income of $50,282. 43% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Fayetteville-Springdale-Rogers, AR-MO (3), Little Rock-North Little Rock, AR (1) and Memphis, TN-MS-AR (1) (applications in parentheses).
| Mortgage Company & Address | Guaranty Loan & Real Estate Co 310 Mid-Continent Plaza West Memphis, AR 72303 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2003 |
| Total Number of Mortgage Applications | 99 |
| Total Mortgage Loan Application Amount | $10,158,000 |
| Average Mortgage Loan Application Amount | $102,606 |
| Highest Mortgage Loan Application Amount | $313,000 |
| Average Applicant Income | $50,282 |
| Highest Applicant Income | $277,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Guaranty Loan & Real Estate Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Guaranty Loan & Real Estate Co 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 60 | $6,481,000 | $164,333 | $313,000 | $96,000 | $142,000 |
| Refinancing | 38 | $3,617,000 | $106,500 | $213,000 | $50,500 | $277,000 |
| Home Improvement | 1 | $60,000 | $60,000 | $60,000 | $35,000 | $35,000 |
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 | 85 | $9,075,000 | $133,666 | $313,000 | $82,333 | $277,000 |
| Black or African American | 13 | $1,003,000 | $77,000 | $186,000 | $38,000 | $77,000 |
| Asian | 1 | $80,000 | $80,000 | $80,000 | $16,000 | $16,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Not Provided | 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) | 96 | $9,788,000 | $132,000 | $313,000 | $80,666 | $277,000 |
| FHA-insured (Federal Housing Administration) | 2 | $275,000 | $137,000 | $149,000 | $72,000 | $77,000 |
| VA-guaranteed (Veterans Administration) | 1 | $95,000 | $95,000 | $95,000 | $23,000 | $23,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 43 | $4,313,000 | $100,000 | $213,000 | $64,000 | $119,000 |
| Application Withdrawn By Applicant | 36 | $4,189,000 | $159,500 | $313,000 | $69,000 | $277,000 |
| Application Denied By Financial Institution | 20 | $1,656,000 | $85,000 | $135,000 | $70,500 | $104,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 14 | $1,135,000 | $84,000 | $135,000 | $69,500 | $104,000 |
| Debt-To-Income Ratio | 4 | $375,000 | $93,000 | $122,000 | $23,000 | $27,000 |
| Collateral | 1 | $40,000 | $40,000 | $40,000 | $86,000 | $86,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $106,000 | $106,000 | $106,000 | $29,000 | $29,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Guaranty Loan & Real Estate Co'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 Guaranty Loan & Real Estate Co'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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