Peach State Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, Peach State Bank & Trust of Gainesville, GA reported 78 mortgage applications totaling $21.8 million, down 43% from 2017. The average application was for $279,102, and applicants reported an average income of $141,794. 72% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Gainesville, GA (55), Atlanta-Sandy Springs-Roswell, GA (7) and Brunswick, GA (1) (applications in parentheses).
| Mortgage Company & Address | Peach State Bank & Trust 325 Washington Street Gainesville, GA 30501 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 2006 |
| Total Number of Mortgage Applications | 78 |
| Total Mortgage Loan Application Amount | $21,770,000 |
| Average Mortgage Loan Application Amount | $279,102 |
| Highest Mortgage Loan Application Amount | $3,995,000 |
| Average Applicant Income | $141,794 |
| Highest Applicant Income | $870,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Peach State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Gainesville, GA | 55 | $ 16,555,000 | $ 301,000 | $ 163,000 |
| Outside any metro area | 15 | $ 2,855,000 | $ 190,333 | $ 86,133 |
| Atlanta-Sandy Springs-Roswell, GA | 7 | $ 1,935,000 | $ 276,428 | $ 150,000 |
| Brunswick, GA | 1 | $ 425,000 | $ 425,000 | $ 0 |
Mortgage Loan Application Detail Totals for Peach State Bank & Trust in 2018
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 | 43 | $12,385,000 | $288,000 | $3,995,000 | $126,000 | $326,000 |
| Refinancing | 32 | $9,080,000 | $283,000 | $2,125,000 | $172,000 | $870,000 |
| Home Improvement | 3 | $305,000 | $101,000 | $175,000 | $46,000 | $54,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 40 | $9,070,000 | $226,000 | $2,125,000 | $150,000 | $870,000 |
| Not applicable | 32 | $11,750,000 | $367,000 | $3,995,000 | $0 | $0 |
| Hispanic | 3 | $505,000 | $168,000 | $305,000 | $141,000 | $220,000 |
| Black or African American | 2 | $360,000 | $180,000 | $325,000 | $68,000 | $84,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 78 | $21,770,000 | $279,000 | $3,995,000 | $146,000 | $870,000 |
| 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 | 56 | $15,810,000 | $282,000 | $3,995,000 | $158,000 | $870,000 |
| Application Denied By Financial Institution | 10 | $2,770,000 | $277,000 | $835,000 | $94,000 | $190,000 |
| Application Withdrawn By Applicant | 7 | $1,765,000 | $252,000 | $575,000 | $151,000 | $239,000 |
| Application Approved But Not Accepted | 5 | $1,425,000 | $285,000 | $655,000 | $168,000 | $186,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 78 | $21,770,000 | $279,000 | $3,995,000 | $146,000 | $870,000 |
| 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 Peach State Bank & Trust's 2018 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 Peach State Bank & Trust'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 Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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