Seaside National Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Seaside National Bank & Trust of Orlando, FL reported 84 mortgage applications totaling $33.1 million, up 162% from 2007. The average application was for $393,500, and applicants reported an average income of $225,238. 76% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Orlando-Kissimmee, FL (59), West Palm Beach-Boca Raton-Boynton Beach, FL (7) and Bradenton-Sarasota-Venice, FL (3) (applications in parentheses).
| Mortgage Company & Address | Seaside National Bank & Trust 201 S Orange Ave, Ste 1350 Orlando, FL 32801 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 |
| Total Number of Mortgage Applications | 84 |
| Total Mortgage Loan Application Amount | $33,054,000 |
| Average Mortgage Loan Application Amount | $393,500 |
| Highest Mortgage Loan Application Amount | $2,850,000 |
| Average Applicant Income | $225,238 |
| Highest Applicant Income | $2,042,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Seaside National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Seaside National Bank & Trust 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 |
|---|---|---|---|---|---|---|
| Refinancing | 42 | $16,346,000 | $389,000 | $2,850,000 | $239,000 | $2,042,000 |
| Home Purchase | 41 | $16,613,000 | $405,000 | $1,660,000 | $212,000 | $973,000 |
| Home Improvement | 1 | $95,000 | $95,000 | $95,000 | $190,000 | $190,000 |
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 | 75 | $31,653,000 | $422,000 | $2,850,000 | $244,000 | $2,042,000 |
| Hispanic | 4 | $621,000 | $155,000 | $188,000 | $45,000 | $54,000 |
| Asian | 2 | $399,000 | $199,000 | $227,000 | $29,000 | $45,000 |
| Black or African American | 1 | $144,000 | $144,000 | $144,000 | $91,000 | $91,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $142,000 | $142,000 | $142,000 | $70,000 | $70,000 |
| Not Provided | 1 | $95,000 | $95,000 | $95,000 | $190,000 | $190,000 |
| American Indian or Alaskan Native | 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 76 | $31,548,000 | $415,000 | $2,850,000 | $243,000 | $2,042,000 |
| FHA-insured (Federal Housing Administration) | 7 | $1,379,000 | $197,000 | $360,000 | $55,000 | $112,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $127,000 | $127,000 | $127,000 | $40,000 | $40,000 |
| 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 | 64 | $25,939,000 | $405,000 | $2,100,000 | $243,000 | $1,180,000 |
| Application Denied By Financial Institution | 16 | $3,835,000 | $239,000 | $940,000 | $71,000 | $179,000 |
| Application Approved But Not Accepted | 2 | $2,975,000 | $1,487,000 | $2,850,000 | $1,089,000 | $2,042,000 |
| File Closed For Incompleteness | 2 | $305,000 | $152,000 | $172,000 | $37,000 | $45,000 |
| Application Withdrawn By Applicant | 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 | 8 | $2,217,000 | $277,000 | $940,000 | $68,000 | $168,000 |
| Unverifiable Information | 3 | $566,000 | $188,000 | $214,000 | $98,000 | $179,000 |
| Credit History | 2 | $548,000 | $274,000 | $360,000 | $82,000 | $112,000 |
| Other | 2 | $347,000 | $173,000 | $220,000 | $43,000 | $46,000 |
| Collateral | 1 | $157,000 | $157,000 | $157,000 | $54,000 | $54,000 |
| Credit Application Incomplete | 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 Seaside National Bank & Trust'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 Seaside National 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.
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