Hometown Mortgage Services Inc Mortgage Lending & HMDA Data, 2013
In 2013, Hometown Mortgage Services Inc of Birmingham, AL reported 2,570 mortgage applications totaling $398.1 million, down 11% from 2012. The average application was for $154,898, and applicants reported an average income of $68,317. 51% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Birmingham-Hoover, AL (1,692), Tuscaloosa, AL (325) and Ocala, FL (38) (applications in parentheses).
| Mortgage Company & Address | Hometown Mortgage Services Inc 5511 Hwy 280 E Ste 210 Birmingham, AL 35242 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,570 |
| Total Mortgage Loan Application Amount | $398,090,000 |
| Average Mortgage Loan Application Amount | $154,898 |
| Highest Mortgage Loan Application Amount | $862,000 |
| Average Applicant Income | $68,317 |
| Highest Applicant Income | $1,722,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hometown Mortgage Services Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Birmingham-Hoover, AL | 1,692 | $ 276,924,000 | $ 163,666 | $ 75,000 |
| Tuscaloosa, AL | 325 | $ 50,839,000 | $ 156,427 | $ 63,000 |
| Ocala, FL | 38 | $ 4,270,000 | $ 112,368 | $ 43,000 |
| Gulfport-Biloxi, MS | 37 | $ 4,193,000 | $ 113,324 | $ 55,000 |
| Houma-Bayou Cane-Thibodaux, LA | 28 | $ 4,599,000 | $ 164,250 | $ 51,000 |
| New Orleans-Metairie-Kenner, LA | 20 | $ 2,626,000 | $ 131,300 | $ 41,000 |
| Crestview-Fort Walton Beach-Destin, FL | 19 | $ 2,183,000 | $ 114,894 | $ 41,000 |
| Gadsden, AL | 18 | $ 1,916,000 | $ 106,444 | $ 56,000 |
| Baton Rouge, LA | 16 | $ 2,408,000 | $ 150,500 | $ 38,000 |
| Anniston-Oxford, AL | 15 | $ 2,437,000 | $ 162,466 | $ 149,000 |
| Montgomery, AL | 14 | $ 2,663,000 | $ 190,214 | $ 54,000 |
| Shreveport-Bossier City, LA | 14 | $ 2,503,000 | $ 178,785 | $ 49,000 |
| Huntsville, AL | 13 | $ 1,873,000 | $ 144,076 | $ 51,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 10 | $ 852,000 | $ 85,200 | $ 22,000 |
| Chattanooga, TN-GA | 9 | $ 1,200,000 | $ 133,333 | $ 41,888 |
| Greenville-Mauldin-Easley, SC | 9 | $ 1,065,000 | $ 118,333 | $ 30,000 |
| Hattiesburg, MS | 9 | $ 1,363,000 | $ 151,444 | $ 67,000 |
| Mobile, AL | 8 | $ 1,111,000 | $ 138,875 | $ 70,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 6 | $ 833,000 | $ 138,833 | $ 36,000 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 926,000 | $ 154,333 | $ 38,000 |
| Anderson, SC | 5 | $ 322,000 | $ 64,400 | $ 29,000 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 548,000 | $ 109,600 | $ 28,000 |
| Columbia, SC | 4 | $ 505,000 | $ 126,250 | $ 31,000 |
| Florence-Muscle Shoals, AL | 4 | $ 452,000 | $ 113,000 | $ 56,000 |
| Auburn-Opelika, AL | 3 | $ 443,000 | $ 147,666 | $ 37,000 |
| Jacksonville, FL | 3 | $ 452,000 | $ 150,666 | $ 56,000 |
| Knoxville, TN | 3 | $ 259,000 | $ 86,333 | $ 21,000 |
| Lakeland-Winter Haven, FL | 3 | $ 377,000 | $ 125,666 | $ 28,000 |
| Memphis, TN-MS-AR | 3 | $ 613,000 | $ 204,333 | $ 51,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 327,000 | $ 109,000 | $ 128,000 |
| Charleston-North Charleston-Summerville, SC | 2 | $ 361,000 | $ 180,500 | $ 45,000 |
| Jackson, MS | 2 | $ 341,000 | $ 170,500 | $ 41,000 |
| North Port-Bradenton-Sarasota, FL | 2 | $ 306,000 | $ 153,000 | $ 52,000 |
| Spartanburg, SC | 2 | $ 230,000 | $ 115,000 | $ 33,000 |
| Decatur, AL | 1 | $ 105,000 | $ 105,000 | $ 40,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 49,000 | $ 49,000 | $ 25,000 |
| Florence, SC | 1 | $ 69,000 | $ 69,000 | $ 23,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 173,000 | $ 173,000 | $ 54,000 |
| Monroe, LA | 1 | $ 152,000 | $ 152,000 | $ 42,000 |
| Palm Coast, FL | 1 | $ 110,000 | $ 110,000 | $ 33,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 1 | $ 110,000 | $ 110,000 | $ 34,000 |
| Port St. Lucie, FL | 1 | $ 138,000 | $ 138,000 | $ 34,000 |
| Tallahassee, FL | 1 | $ 158,000 | $ 158,000 | $ 42,000 |
| Winston-Salem, NC | 1 | $ 140,000 | $ 140,000 | $ 38,000 |
Mortgage Loan Application Detail Totals for Hometown Mortgage Services Inc in 2013
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 | 1,414 | $214,838,000 | $151,000 | $596,000 | $62,000 | $1,026,000 |
| Refinancing | 762 | $119,669,000 | $157,000 | $596,000 | $74,000 | $1,296,000 |
| Home Improvement | 394 | $63,583,000 | $161,000 | $862,000 | $80,000 | $1,722,000 |
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 | 2,182 | $343,583,000 | $157,000 | $862,000 | $71,000 | $1,722,000 |
| Black or African American | 313 | $42,853,000 | $136,000 | $457,000 | $50,000 | $228,000 |
| Hispanic | 35 | $5,069,000 | $144,000 | $371,000 | $67,000 | $420,000 |
| Asian | 23 | $4,471,000 | $194,000 | $417,000 | $79,000 | $254,000 |
| Not Provided | 12 | $1,549,000 | $129,000 | $222,000 | $61,000 | $177,000 |
| American Indian or Alaskan Native | 4 | $467,000 | $116,000 | $145,000 | $41,000 | $52,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $98,000 | $98,000 | $98,000 | $31,000 | $31,000 |
| 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) | 1,095 | $194,329,000 | $177,000 | $862,000 | $87,000 | $1,722,000 |
| FHA-insured (Federal Housing Administration) | 720 | $101,416,000 | $140,000 | $600,000 | $62,000 | $618,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 634 | $80,147,000 | $126,000 | $337,000 | $43,000 | $1,026,000 |
| VA-guaranteed (Veterans Administration) | 121 | $22,198,000 | $183,000 | $457,000 | $70,000 | $179,000 |
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 | 1,302 | $206,162,000 | $158,000 | $862,000 | $67,000 | $1,233,000 |
| Application Withdrawn By Applicant | 815 | $129,460,000 | $158,000 | $832,000 | $75,000 | $1,722,000 |
| Application Denied By Financial Institution | 451 | $62,259,000 | $138,000 | $596,000 | $61,000 | $618,000 |
| Application Approved But Not Accepted | 1 | $114,000 | $114,000 | $114,000 | $30,000 | $30,000 |
| Preapproval Approved but not Accepted | 1 | $95,000 | $95,000 | $95,000 | $28,000 | $28,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Credit History | 278 | $37,318,000 | $134,000 | $409,000 | $63,000 | $618,000 |
| Debt-To-Income Ratio | 92 | $13,033,000 | $141,000 | $596,000 | $41,000 | $165,000 |
| Collateral | 33 | $4,623,000 | $140,000 | $417,000 | $68,000 | $198,000 |
| Other | 8 | $1,721,000 | $215,000 | $596,000 | $118,000 | $400,000 |
| Unverifiable Information | 6 | $798,000 | $133,000 | $240,000 | $67,000 | $119,000 |
| Employment History | 4 | $510,000 | $127,000 | $187,000 | $44,000 | $55,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $142,000 | $142,000 | $142,000 | $106,000 | $106,000 |
| Mortgage Insurance Denied | 1 | $232,000 | $232,000 | $232,000 | $100,000 | $100,000 |
| Credit Application Incomplete | 1 | $87,000 | $87,000 | $87,000 | $564,000 | $564,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hometown Mortgage Services Inc's 2013 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 Hometown Mortgage Services Inc'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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