Heritagebank of the South Mortgage Lending & HMDA Data, 2015
In 2015, Heritagebank of the South of Atlanta, GA reported 4,689 mortgage applications totaling $1.1 billion. The average application was for $229,062, and applicants reported an average income of $103,620. 87% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (1,858), Nashville-Davidson--Murfreesboro--Franklin, TN (496) and Colorado Springs, CO (408) (applications in parentheses).
| Mortgage Company & Address | Heritagebank of the South 3333 Peachtree Rd Ne Suite M-10 Atlanta, GA 30326 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 |
| Total Number of Mortgage Applications | 4,689 |
| Total Mortgage Loan Application Amount | $1,074,074,000 |
| Average Mortgage Loan Application Amount | $229,062 |
| Highest Mortgage Loan Application Amount | $3,920,000 |
| Average Applicant Income | $103,620 |
| Highest Applicant Income | $2,415,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Heritagebank of the South filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Heritagebank of the South in 2015
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 | 3,293 | $721,383,000 | $219,000 | $3,920,000 | $97,000 | $2,207,000 |
| Refinancing | 1,363 | $349,150,000 | $256,000 | $1,367,000 | $119,000 | $940,000 |
| Home Improvement | 33 | $3,541,000 | $107,000 | $1,200,000 | $129,000 | $2,415,000 |
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 | 3,203 | $745,729,000 | $232,000 | $1,976,000 | $110,000 | $2,415,000 |
| Not Provided | 770 | $180,885,000 | $234,000 | $950,000 | $103,000 | $966,000 |
| Black or African American | 298 | $47,703,000 | $160,000 | $427,000 | $67,000 | $348,000 |
| Asian | 172 | $42,479,000 | $246,000 | $1,253,000 | $115,000 | $400,000 |
| Hispanic | 165 | $33,028,000 | $200,000 | $576,000 | $80,000 | $328,000 |
| Not applicable | 64 | $19,950,000 | $311,000 | $3,920,000 | $7,000 | $458,000 |
| Native Hawaiian or Other Pacific Islander | 9 | $2,702,000 | $300,000 | $509,000 | $107,000 | $219,000 |
| American Indian or Alaskan Native | 8 | $1,598,000 | $199,000 | $410,000 | $59,000 | $120,000 |
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) | 3,299 | $813,729,000 | $246,000 | $3,920,000 | $122,000 | $2,415,000 |
| FHA-insured (Federal Housing Administration) | 849 | $147,098,000 | $173,000 | $464,000 | $58,000 | $330,000 |
| VA-guaranteed (Veterans Administration) | 445 | $100,546,000 | $225,000 | $509,000 | $72,000 | $320,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 96 | $12,701,000 | $132,000 | $555,000 | $47,000 | $148,000 |
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 | 4,091 | $942,973,000 | $230,000 | $3,920,000 | $104,000 | $2,415,000 |
| Application Denied By Financial Institution | 323 | $75,978,000 | $235,000 | $1,700,000 | $100,000 | $730,000 |
| Application Withdrawn By Applicant | 242 | $48,249,000 | $199,000 | $1,400,000 | $98,000 | $1,176,000 |
| Application Approved But Not Accepted | 28 | $5,323,000 | $190,000 | $333,000 | $130,000 | $467,000 |
| Loan Purchased By The Institution | 5 | $1,551,000 | $310,000 | $418,000 | $109,000 | $141,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 Heritagebank of the South's 2015 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 Heritagebank of the South'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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