State Bank of Arizona Mortgage Lending & HMDA Data, 2019
In 2019, State Bank of Arizona of Lake Havasu City, AZ reported 618 mortgage applications totaling $159.9 million, up 44% from 2018. The average application was for $258,656, and applicants reported an average income of $131,024. 80% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Lake Havasu City-Kingman, AZ (309), Prescott Valley-Prescott, AZ (207) and Phoenix-Mesa-Scottsdale, AZ (60) (applications in parentheses).
| Mortgage Company & Address | State Bank of Arizona 1771 McCulloch Blvd Lake Havasu City, AZ 86403 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2003 |
| Total Number of Mortgage Applications | 618 |
| Total Mortgage Loan Application Amount | $159,850,000 |
| Average Mortgage Loan Application Amount | $258,656 |
| Highest Mortgage Loan Application Amount | $3,205,000 |
| Average Applicant Income | $131,024 |
| Highest Applicant Income | $4,695,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records State Bank of Arizona filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Lake Havasu City-Kingman, AZ | 309 | $ 68,985,000 | $ 223,252 | $ 106,000 |
| Prescott Valley-Prescott, AZ | 207 | $ 61,395,000 | $ 296,594 | $ 127,000 |
| Phoenix-Mesa-Scottsdale, AZ | 60 | $ 17,520,000 | $ 292,000 | $ 285,000 |
| Outside any metro area | 9 | $ 1,615,000 | $ 179,444 | $ 80,428 |
| Flagstaff, AZ | 6 | $ 1,990,000 | $ 331,666 | $ 126,000 |
| Tucson, AZ | 4 | $ 2,320,000 | $ 580,000 | $ 114,000 |
| Medford, OR | 3 | $ 595,000 | $ 198,333 | $ 54,000 |
| Boise City, ID | 2 | $ 710,000 | $ 355,000 | $ 175,000 |
| Las Vegas-Henderson-Paradise, NV | 2 | $ 480,000 | $ 240,000 | $ 40,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 670,000 | $ 335,000 | $ 259,000 |
| Bakersfield, CA | 1 | $ 205,000 | $ 205,000 | $ 70,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 65,000 | $ 65,000 | $ 164,000 |
| Chicago-Naperville, IL | 1 | $ 295,000 | $ 295,000 | $ 216,000 |
| Colorado Springs, CO | 1 | $ 485,000 | $ 485,000 | $ 185,000 |
| Dallas-Plano-Irving, TX | 1 | $ 405,000 | $ 405,000 | $ 106,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 125,000 | $ 125,000 | $ 58,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 385,000 | $ 385,000 | $ 76,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 95,000 | $ 95,000 | $ 178,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 245,000 | $ 245,000 | $ 62,000 |
| Sheboygan, WI | 1 | $ 435,000 | $ 435,000 | $ 147,000 |
| Sierra Vista-Douglas, AZ | 1 | $ 225,000 | $ 225,000 | $ 66,000 |
| St. George, UT | 1 | $ 235,000 | $ 235,000 | $ 48,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 285,000 | $ 285,000 | $ 82,000 |
| Yuma, AZ | 1 | $ 85,000 | $ 85,000 | $ 89,000 |
Mortgage Loan Application Detail Totals for State Bank of Arizona in 2019
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 | 370 | $96,260,000 | $260,000 | $1,575,000 | $132,000 | $4,695,000 |
| Cash-out Refinancing | 122 | $26,770,000 | $219,000 | $985,000 | $136,000 | $4,695,000 |
| Refinancing | 103 | $32,475,000 | $315,000 | $3,205,000 | $130,000 | $813,000 |
| Other Purpose | 12 | $2,290,000 | $190,000 | $405,000 | $83,000 | $262,000 |
| Home Improvement | 11 | $2,055,000 | $186,000 | $305,000 | $105,000 | $301,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 486 | $116,460,000 | $239,000 | $955,000 | $133,000 | $4,695,000 |
| Not Provided | 56 | $19,400,000 | $346,000 | $705,000 | $142,000 | $409,000 |
| Hispanic | 33 | $7,345,000 | $222,000 | $725,000 | $109,000 | $401,000 |
| Not applicable | 22 | $12,190,000 | $554,000 | $3,205,000 | $0 | $0 |
| Asian | 12 | $2,440,000 | $203,000 | $755,000 | $76,000 | $200,000 |
| Black or African American | 3 | $745,000 | $248,000 | $445,000 | $138,000 | $164,000 |
| American Indian or Alaskan Native | 3 | $865,000 | $288,000 | $315,000 | $99,000 | $124,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $290,000 | $145,000 | $165,000 | $58,000 | $64,000 |
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) | 535 | $142,685,000 | $266,000 | $3,205,000 | $140,000 | $4,695,000 |
| VA-guaranteed (Veterans Administration) | 35 | $8,355,000 | $238,000 | $465,000 | $82,000 | $153,000 |
| FHA-insured (Federal Housing Administration) | 34 | $6,660,000 | $195,000 | $325,000 | $69,000 | $154,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 14 | $2,150,000 | $153,000 | $245,000 | $51,000 | $70,000 |
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 | 493 | $128,975,000 | $261,000 | $3,205,000 | $136,000 | $4,695,000 |
| Application Withdrawn By Applicant | 65 | $16,125,000 | $248,000 | $665,000 | $126,000 | $696,000 |
| Application Denied By Financial Institution | 32 | $6,370,000 | $199,000 | $505,000 | $71,000 | $216,000 |
| Application Approved But Not Accepted | 21 | $5,715,000 | $272,000 | $705,000 | $116,000 | $312,000 |
| File Closed For Incompleteness | 7 | $2,665,000 | $380,000 | $865,000 | $184,000 | $474,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 618 | $159,850,000 | $258,000 | $3,205,000 | $131,000 | $4,695,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into State Bank of Arizona's 2019 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 State Bank of Arizona'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 Arizona, download the full spreadsheet
with aggregated HMDA statistics today.
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