Sc National Guard FCU Mortgage Lending & HMDA Data, 2008
In 2008, Sc National Guard FCU of Columbia, SC reported 14 mortgage applications totaling $2.1 million. The average application was for $147,500, and applicants reported an average income of $71,000. 7% of its applications resulted in an originated loan and 29% were denied. Its largest markets were Columbia, SC (3) and Charleston-North Charleston-Summerville, SC (1).
| Mortgage Company & Address | Sc National Guard FCU P O Box 9123 Columbia, SC 29209 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 |
| Total Number of Mortgage Applications | 14 |
| Total Mortgage Loan Application Amount | $2,065,000 |
| Average Mortgage Loan Application Amount | $147,500 |
| Highest Mortgage Loan Application Amount | $295,000 |
| Average Applicant Income | $71,000 |
| Highest Applicant Income | $142,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sc National Guard FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Sc National Guard FCU 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 | 11 | $1,522,000 | $138,000 | $288,000 | $68,000 | $142,000 |
| Refinancing | 3 | $543,000 | $181,000 | $295,000 | $82,000 | $123,000 |
| 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 |
|---|---|---|---|---|---|---|
| Black or African American | 6 | $797,000 | $132,000 | $295,000 | $57,000 | $123,000 |
| White | 6 | $931,000 | $155,000 | $200,000 | $77,000 | $119,000 |
| Not Provided | 1 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 |
| Asian | 1 | $288,000 | $288,000 | $288,000 | $142,000 | $142,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 8 | $1,292,000 | $161,000 | $295,000 | $78,000 | $123,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 5 | $724,000 | $144,000 | $288,000 | $64,000 | $142,000 |
| FHA-insured (Federal Housing Administration) | 1 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 4 | $714,000 | $178,000 | $295,000 | $81,000 | $123,000 |
| Preapproval Approved but not Accepted | 3 | $588,000 | $196,000 | $288,000 | $103,000 | $142,000 |
| Preapproval Denied by Financial Institution | 3 | $336,000 | $112,000 | $166,000 | $36,000 | $59,000 |
| Application Approved But Not Accepted | 3 | $361,000 | $120,000 | $167,000 | $71,000 | $89,000 |
| Loan Originated | 1 | $66,000 | $66,000 | $66,000 | $42,000 | $42,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 4 | $480,000 | $120,000 | $185,000 | $54,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $275,000 | $137,000 | $185,000 | $46,000 | $77,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 National Guard FCU'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 Sc National Guard FCU'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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