Merchants & Farmers Mortgage Lending & HMDA Data, 2009
In 2009, Merchants & Farmers of Columbia, SC reported 168 mortgage applications totaling $12.1 million. The average application was for $72,083, and applicants reported an average income of $75,178. 98% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Athens-Clarke County, GA (150) and Atlanta-Sandy Springs-Marietta, GA (1).
| Mortgage Company & Address | Merchants & Farmers 1230 Main Street Columbia, SC 29201 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 |
| Total Number of Mortgage Applications | 168 |
| Total Mortgage Loan Application Amount | $12,110,000 |
| Average Mortgage Loan Application Amount | $72,083 |
| Highest Mortgage Loan Application Amount | $665,000 |
| Average Applicant Income | $75,178 |
| Highest Applicant Income | $776,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Merchants & Farmers filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Madison, Georgia | 109 | $ 6,888,000 | $ 63,192 | $ 55,000 |
| Clarke, Georgia | 21 | $ 1,705,000 | $ 81,190 | $ 93,000 |
| Oglethorpe, Georgia | 19 | $ 1,997,000 | $ 105,105 | $ 134,000 |
| Elbert, Georgia | 6 | $ 450,000 | $ 75,000 | $ 66,000 |
| Jackson, Georgia | 3 | $ 130,000 | $ 43,333 | $ 65,000 |
| Franklin, Georgia | 2 | $ 131,000 | $ 65,500 | $ 33,000 |
| Hart, Georgia | 2 | $ 225,000 | $ 112,500 | $ 147,000 |
| Banks, Georgia | 1 | $ 227,000 | $ 227,000 | $ 48,000 |
| Barrow, Georgia | 1 | $ 66,000 | $ 66,000 | $ 776,000 |
| Greene, Georgia | 1 | $ 112,000 | $ 112,000 | $ 107,000 |
| Oconee, Georgia | 1 | $ 85,000 | $ 85,000 | $ 165,000 |
| Stephens, Georgia | 1 | $ 42,000 | $ 42,000 | $ 48,000 |
| Wilkes, Georgia | 1 | $ 52,000 | $ 52,000 | $ 119,000 |
Mortgage Loan Application Detail Totals for Merchants & Farmers in 2009
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 | 135 | $9,518,000 | $70,000 | $665,000 | $62,000 | $381,000 |
| Home Purchase | 24 | $2,291,000 | $95,000 | $326,000 | $164,000 | $776,000 |
| Home Improvement | 9 | $301,000 | $33,000 | $109,000 | $36,000 | $67,000 |
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 | 151 | $10,362,000 | $68,000 | $665,000 | $81,000 | $776,000 |
| Not applicable | 7 | $1,249,000 | $178,000 | $388,000 | $0 | $0 |
| Black or African American | 7 | $107,000 | $15,000 | $30,000 | $25,000 | $47,000 |
| Hispanic | 2 | $268,000 | $134,000 | $162,000 | $103,000 | $120,000 |
| Asian | 1 | $124,000 | $124,000 | $124,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 168 | $12,110,000 | $72,000 | $665,000 | $75,000 | $776,000 |
| 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 | 164 | $11,943,000 | $72,000 | $665,000 | $76,000 | $776,000 |
| Application Denied By Financial Institution | 4 | $167,000 | $41,000 | $138,000 | $35,000 | $51,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| 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 Merchants & Farmers's 2009 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 Merchants & Farmers'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.
For a list of all lenders in South Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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