Sc B&T of the Piedmont NA Mortgage Lending & HMDA Data, 2004
In 2004, Sc B&T of the Piedmont NA of Columbia, SC reported 487 mortgage applications totaling $81.8 million, down 33% from 2003. The average application was for $167,942, and applicants reported an average income of $111,971. 97% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Charlotte-Gastonia-Concord, NC-SC (24), Myrtle Beach-Conway-North Myrtle Beach, SC (9) and Charleston-North Charleston, SC (8) (applications in parentheses).
| Mortgage Company & Address | Sc B&T of the Piedmont NA 520 Gervais Street Columbia, SC 29201 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 487 |
| Total Mortgage Loan Application Amount | $81,788,000 |
| Average Mortgage Loan Application Amount | $167,942 |
| Highest Mortgage Loan Application Amount | $1,335,000 |
| Average Applicant Income | $111,971 |
| Highest Applicant Income | $531,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sc B&T of the Piedmont NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| York, South Carolina | 405 | $ 64,625,000 | $ 159,567 | $ 93,000 |
| Chester, South Carolina | 17 | $ 2,711,000 | $ 159,470 | $ 75,000 |
| Mecklenburg, North Carolina | 14 | $ 3,726,000 | $ 266,142 | $ 140,000 |
| Horry, South Carolina | 9 | $ 1,109,000 | $ 123,222 | $ 109,000 |
| Charleston, South Carolina | 6 | $ 1,620,000 | $ 270,000 | $ 112,000 |
| Union, North Carolina | 5 | $ 1,488,000 | $ 297,600 | $ 79,000 |
| Oconee, South Carolina | 4 | $ 518,000 | $ 129,500 | $ 245,000 |
| Gaston, North Carolina | 3 | $ 961,000 | $ 320,333 | $ 73,000 |
| Fairfield, South Carolina | 3 | $ 604,000 | $ 201,333 | $ 194,000 |
| Cabarrus, North Carolina | 2 | $ 389,000 | $ 194,500 | $ 98,000 |
| Caldwell, North Carolina | 2 | $ 226,000 | $ 113,000 | $ 120,000 |
| Beaufort, South Carolina | 2 | $ 279,000 | $ 139,500 | $ 242,000 |
| Florence, South Carolina | 2 | $ 233,000 | $ 116,500 | $ 69,000 |
| Richland, South Carolina | 2 | $ 143,000 | $ 71,500 | $ 147,000 |
| Brevard, Florida | 1 | $ 388,000 | $ 388,000 | $ 192,000 |
| Fulton, Georgia | 1 | $ 204,000 | $ 204,000 | $ 54,000 |
| Iredell, North Carolina | 1 | $ 138,000 | $ 138,000 | $ 35,000 |
| Polk, North Carolina | 1 | $ 62,000 | $ 62,000 | $ 44,000 |
| Watauga, North Carolina | 1 | $ 400,000 | $ 400,000 | $ 90,000 |
| Berkeley, South Carolina | 1 | $ 664,000 | $ 664,000 | $ 154,000 |
| Colleton, South Carolina | 1 | $ 334,000 | $ 334,000 | $ 171,000 |
| Dorchester, South Carolina | 1 | $ 107,000 | $ 107,000 | $ 34,000 |
| Georgetown, South Carolina | 1 | $ 280,000 | $ 280,000 | $ 235,000 |
| Lancaster, South Carolina | 1 | $ 99,000 | $ 99,000 | $ 52,000 |
| Spartanburg, South Carolina | 1 | $ 480,000 | $ 480,000 | $ 278,000 |
Mortgage Loan Application Detail Totals for Sc B&T of the Piedmont NA in 2004
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 | 242 | $39,863,000 | $189,500 | $1,335,000 | $73,000 | $453,000 |
| Home Purchase | 223 | $36,492,000 | $245,750 | $800,000 | $124,000 | $531,000 |
| Home Improvement | 22 | $5,433,000 | $603,000 | $995,000 | $214,000 | $360,000 |
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 | 457 | $76,635,000 | $245,250 | $1,335,000 | $117,750 | $453,000 |
| Black or African American | 13 | $1,803,000 | $120,500 | $334,000 | $24,000 | $94,000 |
| Not Provided | 11 | $2,619,000 | $286,500 | $800,000 | $130,500 | $531,000 |
| Hispanic | 2 | $169,000 | $84,000 | $100,000 | $39,000 | $51,000 |
| Asian | 2 | $418,000 | $209,000 | $288,000 | $77,000 | $98,000 |
| American Indian or Alaskan Native | 1 | $86,000 | $86,000 | $86,000 | $27,000 | $27,000 |
| Not applicable | 1 | $58,000 | $58,000 | $58,000 | $311,000 | $311,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 485 | $81,582,000 | $253,250 | $1,335,000 | $116,250 | $531,000 |
| FHA-insured (Federal Housing Administration) | 1 | $100,000 | $100,000 | $100,000 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 1 | $106,000 | $106,000 | $106,000 | $30,000 | $30,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 470 | $78,682,000 | $252,250 | $1,335,000 | $118,500 | $531,000 |
| Application Denied By Financial Institution | 10 | $1,183,000 | $152,000 | $500,000 | $60,000 | $288,000 |
| Application Withdrawn By Applicant | 5 | $1,566,000 | $313,000 | $630,000 | $135,000 | $204,000 |
| Application Approved But Not Accepted | 2 | $357,000 | $178,000 | $242,000 | $58,000 | $70,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 8 | $1,033,000 | $150,500 | $500,000 | $39,500 | $152,000 |
| Debt-To-Income Ratio | 2 | $150,000 | $75,000 | $100,000 | $160,000 | $288,000 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sc B&T of the Piedmont NA's 2004 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 Sc B&T of the Piedmont NA'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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