Mortgage One of the South Mortgage Lending & HMDA Data, 2008
In 2008, Mortgage One of the South of Fort Walton Beach, FL reported 351 mortgage applications totaling $71.6 million, down 13% from 2007. The average application was for $204,099, and applicants reported an average income of $80,717. 81% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Fort Walton Beach-Crestview-Destin, FL (185), Pensacola-Ferry Pass-Brent, FL (135) and Atlanta-Sandy Springs-Marietta, GA (2) (applications in parentheses).
| Mortgage Company & Address | Mortgage One of the South Po Box 1327 Fort Walton Beach, FL 32548 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 |
| Total Number of Mortgage Applications | 351 |
| Total Mortgage Loan Application Amount | $71,639,000 |
| Average Mortgage Loan Application Amount | $204,099 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $80,717 |
| Highest Applicant Income | $565,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage One of the South filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Okaloosa, Florida | 185 | $ 37,398,000 | $ 202,151 | $ 82,000 |
| Santa Rosa, Florida | 130 | $ 26,728,000 | $ 205,600 | $ 76,000 |
| Walton, Florida | 17 | $ 3,429,000 | $ 201,705 | $ 73,000 |
| Escambia, Florida | 5 | $ 867,000 | $ 173,400 | $ 93,000 |
| Paulding, Georgia | 2 | $ 425,000 | $ 212,500 | $ 94,000 |
| Rankin, Mississippi | 2 | $ 455,000 | $ 227,500 | $ 89,000 |
| Coffee, Alabama | 1 | $ 385,000 | $ 385,000 | $ 565,000 |
| Covington, Alabama | 1 | $ 108,000 | $ 108,000 | $ 62,000 |
| Houston, Alabama | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Pima, Arizona | 1 | $ 135,000 | $ 135,000 | $ 72,000 |
| Bay, Florida | 1 | $ 201,000 | $ 201,000 | $ 56,000 |
| Broward, Florida | 1 | $ 311,000 | $ 311,000 | $ 80,000 |
| Leon, Florida | 1 | $ 239,000 | $ 239,000 | $ 68,000 |
| St. Tammany, Louisiana | 1 | $ 256,000 | $ 256,000 | $ 87,000 |
| Curry, New Mexico | 1 | $ 322,000 | $ 322,000 | $ 129,000 |
| Spokane, Washington | 1 | $ 280,000 | $ 280,000 | $ 183,000 |
Mortgage Loan Application Detail Totals for Mortgage One of the South in 2008
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 | 282 | $57,662,000 | $204,000 | $472,000 | $76,000 | $334,000 |
| Refinancing | 69 | $13,977,000 | $202,000 | $800,000 | $100,000 | $565,000 |
| Home Improvement | 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 | 294 | $59,691,000 | $203,000 | $800,000 | $81,000 | $565,000 |
| Not Provided | 20 | $4,042,000 | $202,000 | $417,000 | $76,000 | $300,000 |
| Black or African American | 19 | $4,419,000 | $232,000 | $417,000 | $103,000 | $230,000 |
| Hispanic | 12 | $2,242,000 | $186,000 | $280,000 | $56,000 | $124,000 |
| Asian | 5 | $923,000 | $184,000 | $239,000 | $59,000 | $82,000 |
| American Indian or Alaskan Native | 1 | $322,000 | $322,000 | $322,000 | $129,000 | $129,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| VA-guaranteed (Veterans Administration) | 191 | $41,983,000 | $219,000 | $472,000 | $74,000 | $218,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 142 | $27,300,000 | $192,000 | $800,000 | $95,000 | $565,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 18 | $2,356,000 | $130,000 | $184,000 | $39,000 | $60,000 |
| FHA-insured (Federal Housing 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 | 286 | $58,369,000 | $204,000 | $472,000 | $82,000 | $565,000 |
| Application Denied By Financial Institution | 34 | $6,273,000 | $184,000 | $395,000 | $57,000 | $187,000 |
| Application Approved But Not Accepted | 18 | $3,416,000 | $189,000 | $385,000 | $97,000 | $565,000 |
| Application Withdrawn By Applicant | 13 | $3,581,000 | $275,000 | $800,000 | $107,000 | $280,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 14 | $2,611,000 | $186,000 | $347,000 | $70,000 | $187,000 |
| Credit History | 8 | $1,040,000 | $130,000 | $199,000 | $36,000 | $89,000 |
| Debt-To-Income Ratio | 7 | $1,563,000 | $223,000 | $395,000 | $38,000 | $105,000 |
| Other | 4 | $870,000 | $217,000 | $332,000 | $87,000 | $183,000 |
| Credit Application Incomplete | 1 | $189,000 | $189,000 | $189,000 | $71,000 | $71,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage One of the South's 2008 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 Mortgage One 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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