Resource Financial Services, Inc. Mortgage Lending & HMDA Data, 2020
In 2020, Resource Financial Services, Inc. of Columbia, SC reported 3,838 mortgage applications totaling $929.1 million, up 75% from 2019. The average application was for $242,089, and applicants reported an average income of $107,634. 79% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Columbia, SC (905), Jacksonville, FL (634) and Raleigh, NC (595) (applications in parentheses).
| Mortgage Company & Address | Resource Financial Services, Inc. 2717 Devine Street Columbia, SC 29201 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 |
| Total Number of Mortgage Applications | 3,838 |
| Total Mortgage Loan Application Amount | $929,140,000 |
| Average Mortgage Loan Application Amount | $242,089 |
| Highest Mortgage Loan Application Amount | $1,305,000 |
| Average Applicant Income | $107,634 |
| Highest Applicant Income | $1,333,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Resource Financial Services, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Columbia, SC | 905 | $ 213,015,000 | $ 235,375 | $ 109,000 |
| Jacksonville, FL | 634 | $ 146,300,000 | $ 230,757 | $ 96,000 |
| Raleigh, NC | 595 | $ 173,145,000 | $ 291,000 | $ 145,000 |
| Greenville-Anderson-Mauldin, SC | 231 | $ 56,265,000 | $ 243,571 | $ 99,000 |
| Sumter, SC | 215 | $ 32,785,000 | $ 152,488 | $ 56,000 |
| Durham-Chapel Hill, NC | 165 | $ 43,505,000 | $ 263,666 | $ 126,000 |
| Wilmington, NC | 149 | $ 38,655,000 | $ 259,429 | $ 100,000 |
| Outside any metro area | 125 | $ 28,675,000 | $ 229,400 | $ 120,776 |
| Charlotte-Concord-Gastonia, NC-SC | 111 | $ 26,155,000 | $ 235,630 | $ 110,180 |
| Spartanburg, SC | 79 | $ 15,365,000 | $ 194,493 | $ 71,000 |
| Huntsville, AL | 72 | $ 22,740,000 | $ 315,833 | $ 116,000 |
| Charleston-North Charleston, SC | 59 | $ 19,605,000 | $ 332,288 | $ 106,000 |
| Mobile, AL | 48 | $ 8,600,000 | $ 179,166 | $ 78,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 48 | $ 12,510,000 | $ 260,625 | $ 121,125 |
| Florence, SC | 28 | $ 5,010,000 | $ 178,928 | $ 61,000 |
| Greensboro-High Point, NC | 28 | $ 6,250,000 | $ 223,214 | $ 108,000 |
| Jacksonville, NC | 25 | $ 6,615,000 | $ 264,600 | $ 84,000 |
| Winston-Salem, NC | 20 | $ 4,140,000 | $ 207,000 | $ 81,000 |
| Atlanta-Sandy Springs-Roswell, GA | 19 | $ 5,305,000 | $ 279,210 | $ 153,000 |
| Daphne-Fairhope-Foley, AL | 16 | $ 4,210,000 | $ 263,125 | $ 99,000 |
| Orlando-Kissimmee-Sanford, FL | 15 | $ 4,015,000 | $ 267,666 | $ 101,000 |
| Ocala, FL | 14 | $ 1,600,000 | $ 114,285 | $ 62,000 |
| Fayetteville, NC | 13 | $ 2,485,000 | $ 191,153 | $ 92,000 |
| Asheville, NC | 12 | $ 3,020,000 | $ 251,666 | $ 97,000 |
| Tampa-St. Petersburg-Clearwater, FL | 12 | $ 2,650,000 | $ 220,833 | $ 105,000 |
| Augusta-Richmond County, GA-SC | 11 | $ 2,385,000 | $ 216,818 | $ 79,363 |
| Deltona-Daytona Beach-Ormond Beach, FL | 11 | $ 3,235,000 | $ 294,090 | $ 109,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 9 | $ 2,365,000 | $ 262,777 | $ 97,000 |
| Burlington, NC | 8 | $ 1,610,000 | $ 201,250 | $ 112,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 8 | $ 2,710,000 | $ 338,750 | $ 123,000 |
| New Bern, NC | 7 | $ 1,675,000 | $ 239,285 | $ 110,000 |
| Hickory-Lenoir-Morganton, NC | 6 | $ 970,000 | $ 161,666 | $ 107,000 |
| Birmingham-Hoover, AL | 5 | $ 1,325,000 | $ 265,000 | $ 152,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 5 | $ 695,000 | $ 139,000 | $ 55,000 |
| Savannah, GA | 5 | $ 1,345,000 | $ 269,000 | $ 115,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 5 | $ 1,255,000 | $ 251,000 | $ 63,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 5 | $ 1,655,000 | $ 331,000 | $ 141,000 |
| Pensacola-Ferry Pass-Brent, FL | 4 | $ 670,000 | $ 167,500 | $ 82,000 |
| Chattanooga, TN-GA | 3 | $ 405,000 | $ 135,000 | $ 164,000 |
| Greenville, NC | 3 | $ 465,000 | $ 155,000 | $ 59,000 |
| Gulfport-Biloxi-Pascagoula, MS | 3 | $ 485,000 | $ 161,666 | $ 78,000 |
| Knoxville, TN | 3 | $ 1,065,000 | $ 355,000 | $ 148,000 |
| North Port-Sarasota-Bradenton, FL | 3 | $ 985,000 | $ 328,333 | $ 154,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 675,000 | $ 225,000 | $ 40,000 |
| Rocky Mount, NC | 3 | $ 315,000 | $ 105,000 | $ 52,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 430,000 | $ 215,000 | $ 71,000 |
| Elizabethtown-Fort Knox, KY | 2 | $ 510,000 | $ 255,000 | $ 0 |
| Gainesville, FL | 2 | $ 430,000 | $ 215,000 | $ 59,000 |
| Harrisonburg, VA | 2 | $ 380,000 | $ 190,000 | $ 59,000 |
| Homosassa Springs, FL | 2 | $ 210,000 | $ 105,000 | $ 39,000 |
| Lakeland-Winter Haven, FL | 2 | $ 340,000 | $ 170,000 | $ 53,000 |
| New Orleans-Metairie, LA | 2 | $ 310,000 | $ 155,000 | $ 52,000 |
| Athens-Clarke County, GA | 1 | $ 65,000 | $ 65,000 | $ 79,000 |
| Brunswick, GA | 1 | $ 275,000 | $ 275,000 | $ 183,000 |
| Gainesville, GA | 1 | $ 185,000 | $ 185,000 | $ 165,000 |
| Goldsboro, NC | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 405,000 | $ 405,000 | $ 155,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 305,000 | $ 305,000 | $ 188,000 |
| Memphis, TN-MS-AR | 1 | $ 205,000 | $ 205,000 | $ 133,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 245,000 | $ 245,000 | $ 90,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 515,000 | $ 515,000 | $ 110,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 265,000 | $ 265,000 | $ 145,000 |
| Panama City, FL | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Richmond, VA | 1 | $ 375,000 | $ 375,000 | $ 162,000 |
| Roanoke, VA | 1 | $ 385,000 | $ 385,000 | $ 96,000 |
| San Diego-Carlsbad, CA | 1 | $ 395,000 | $ 395,000 | $ 0 |
Mortgage Loan Application Detail Totals for Resource Financial Services, Inc. in 2020
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 | 1,980 | $502,740,000 | $253,000 | $1,305,000 | $120,000 | $1,333,000 |
| Home Purchase | 1,795 | $412,755,000 | $229,000 | $1,085,000 | $93,000 | $650,000 |
| Cash-out Refinancing | 63 | $13,645,000 | $216,000 | $515,000 | $136,000 | $1,213,000 |
| Home Improvement | 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 | 2,683 | $661,325,000 | $246,000 | $1,305,000 | $108,000 | $1,333,000 |
| Asian | 441 | $119,465,000 | $270,000 | $635,000 | $141,000 | $627,000 |
| Black or African American | 341 | $65,665,000 | $192,000 | $895,000 | $63,000 | $247,000 |
| Not Provided | 201 | $44,415,000 | $220,000 | $515,000 | $114,000 | $744,000 |
| Hispanic | 121 | $26,775,000 | $221,000 | $515,000 | $87,000 | $469,000 |
| American Indian or Alaskan Native | 14 | $3,170,000 | $226,000 | $655,000 | $86,000 | $285,000 |
| Not applicable | 9 | $2,155,000 | $239,000 | $375,000 | $81,000 | $216,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,035,000 | $207,000 | $305,000 | $110,000 | $188,000 |
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) | 2,943 | $725,275,000 | $246,000 | $1,305,000 | $122,000 | $1,333,000 |
| FHA-insured (Federal Housing Administration) | 414 | $79,810,000 | $192,000 | $455,000 | $61,000 | $225,000 |
| VA-guaranteed (Veterans Administration) | 411 | $111,895,000 | $272,000 | $1,085,000 | $60,000 | $557,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 70 | $12,160,000 | $173,000 | $335,000 | $55,000 | $91,000 |
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 | 3,017 | $735,425,000 | $243,000 | $1,005,000 | $109,000 | $1,333,000 |
| Application Withdrawn By Applicant | 730 | $172,750,000 | $236,000 | $1,085,000 | $106,000 | $898,000 |
| Application Denied By Financial Institution | 75 | $17,205,000 | $229,000 | $1,305,000 | $77,000 | $566,000 |
| File Closed For Incompleteness | 16 | $3,760,000 | $235,000 | $505,000 | $94,000 | $311,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 3,763 | $911,935,000 | $242,000 | $1,085,000 | $108,000 | $1,333,000 |
| Debt-To-Income Ratio | 24 | $6,820,000 | $284,000 | $1,305,000 | $67,000 | $566,000 |
| Credit Application Incomplete | 20 | $4,720,000 | $236,000 | $505,000 | $106,000 | $330,000 |
| Other | 15 | $1,795,000 | $119,000 | $275,000 | $51,000 | $130,000 |
| Credit History | 5 | $825,000 | $165,000 | $255,000 | $62,000 | $75,000 |
| Collateral | 5 | $1,245,000 | $249,000 | $365,000 | $135,000 | $240,000 |
| Unverifiable Information | 2 | $1,110,000 | $555,000 | $895,000 | $136,000 | $217,000 |
| Employment History | 2 | $340,000 | $170,000 | $215,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $350,000 | $175,000 | $235,000 | $23,000 | $25,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Resource Financial Services, Inc.'s 2020 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 Resource Financial 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.
For a list of all lenders in South Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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