Seatrust Mortgage Company Mortgage Lending & HMDA Data, 2021
In 2021, Seatrust Mortgage Company of Wilmington, NC reported 1,158 mortgage applications totaling $338.3 million, up 127% from 2020. The average application was for $292,167, and applicants reported an average income of $118,404. 78% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Charlotte-Concord-Gastonia, NC-SC (257), Jacksonville, NC (114) and Wilmington, NC (104) (applications in parentheses).
| Mortgage Company & Address | Seatrust Mortgage Company 1001 Military Cutoff Rd Ste 350 Wilmington, NC 28405 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 |
| Total Number of Mortgage Applications | 1,158 |
| Total Mortgage Loan Application Amount | $338,330,000 |
| Average Mortgage Loan Application Amount | $292,167 |
| Highest Mortgage Loan Application Amount | $2,255,000 |
| Average Applicant Income | $118,404 |
| Highest Applicant Income | $1,449,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Seatrust Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Charlotte-Concord-Gastonia, NC-SC | 257 | $ 78,735,000 | $ 306,361 | $ 123,198 |
| Jacksonville, NC | 114 | $ 26,100,000 | $ 228,947 | $ 96,000 |
| Wilmington, NC | 104 | $ 29,650,000 | $ 285,096 | $ 109,000 |
| Outside any metro area | 97 | $ 25,335,000 | $ 261,185 | $ 118,164 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 83 | $ 22,555,000 | $ 271,746 | $ 88,000 |
| Jacksonville, FL | 82 | $ 28,260,000 | $ 344,634 | $ 153,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 54 | $ 17,360,000 | $ 321,481 | $ 109,259 |
| Greensboro-High Point, NC | 39 | $ 8,395,000 | $ 215,256 | $ 91,000 |
| Winston-Salem, NC | 32 | $ 6,540,000 | $ 204,375 | $ 65,000 |
| Raleigh, NC | 24 | $ 8,040,000 | $ 335,000 | $ 156,000 |
| Orlando-Kissimmee-Sanford, FL | 21 | $ 5,005,000 | $ 238,333 | $ 99,000 |
| Asheville, NC | 18 | $ 4,940,000 | $ 274,444 | $ 72,000 |
| Tampa-St. Petersburg-Clearwater, FL | 18 | $ 7,570,000 | $ 420,555 | $ 204,000 |
| Baltimore-Columbia-Towson, MD | 13 | $ 6,015,000 | $ 462,692 | $ 171,000 |
| Greenville-Anderson-Mauldin, SC | 13 | $ 2,735,000 | $ 210,384 | $ 95,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 11 | $ 4,225,000 | $ 384,090 | $ 125,000 |
| Hickory-Lenoir-Morganton, NC | 10 | $ 3,290,000 | $ 329,000 | $ 179,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 9 | $ 5,025,000 | $ 558,333 | $ 209,444 |
| Atlanta-Sandy Springs-Roswell, GA | 7 | $ 1,805,000 | $ 257,857 | $ 117,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 7 | $ 2,485,000 | $ 355,000 | $ 158,000 |
| Miami-Miami Beach-Kendall, FL | 7 | $ 4,245,000 | $ 606,428 | $ 352,000 |
| New Bern, NC | 7 | $ 1,545,000 | $ 220,714 | $ 105,000 |
| Charleston-North Charleston, SC | 6 | $ 2,100,000 | $ 350,000 | $ 88,000 |
| Columbia, SC | 6 | $ 1,550,000 | $ 258,333 | $ 95,000 |
| Lakeland-Winter Haven, FL | 6 | $ 1,240,000 | $ 206,666 | $ 107,000 |
| North Port-Sarasota-Bradenton, FL | 6 | $ 2,370,000 | $ 395,000 | $ 239,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 6 | $ 2,240,000 | $ 373,333 | $ 154,000 |
| Durham-Chapel Hill, NC | 5 | $ 935,000 | $ 187,000 | $ 92,000 |
| Memphis, TN-MS-AR | 5 | $ 1,725,000 | $ 345,000 | $ 154,000 |
| Chattanooga, TN-GA | 4 | $ 1,400,000 | $ 350,000 | $ 92,000 |
| Clarksville, TN-KY | 4 | $ 1,150,000 | $ 287,500 | $ 75,000 |
| Crestview-Fort Walton Beach-Destin, FL | 4 | $ 1,550,000 | $ 387,500 | $ 86,000 |
| Fayetteville, NC | 4 | $ 630,000 | $ 157,500 | $ 57,000 |
| Houston-The Woodlands-Sugar Land, TX | 4 | $ 1,650,000 | $ 412,500 | $ 103,000 |
| Denver-Aurora-Lakewood, CO | 3 | $ 1,445,000 | $ 481,666 | $ 88,000 |
| Johnson City, TN | 3 | $ 365,000 | $ 121,666 | $ 51,000 |
| Knoxville, TN | 3 | $ 605,000 | $ 201,666 | $ 67,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 455,000 | $ 151,666 | $ 53,000 |
| Washington-Baltimore-Arlington, DC | 3 | $ 1,265,000 | $ 421,666 | $ 170,000 |
| Winchester, VA-WV | 3 | $ 475,000 | $ 158,333 | $ 167,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 320,000 | $ 160,000 | $ 102,000 |
| Columbus, OH | 2 | $ 930,000 | $ 465,000 | $ 137,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 700,000 | $ 350,000 | $ 78,500 |
| Norwich-New London, CT | 2 | $ 720,000 | $ 360,000 | $ 271,000 |
| Panama City, FL | 2 | $ 910,000 | $ 455,000 | $ 79,000 |
| Spartanburg, SC | 2 | $ 490,000 | $ 245,000 | $ 94,000 |
| The Villages, FL | 2 | $ 510,000 | $ 255,000 | $ 98,000 |
| Beaumont-Port Arthur, TX | 1 | $ 135,000 | $ 135,000 | $ 34,000 |
| Birmingham-Hoover, AL | 1 | $ 285,000 | $ 285,000 | $ 51,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 305,000 | $ 305,000 | $ 247,000 |
| Burlington, NC | 1 | $ 115,000 | $ 115,000 | $ 40,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 875,000 | $ 875,000 | $ 663,000 |
| Chicago-Naperville, IL | 1 | $ 195,000 | $ 195,000 | $ 98,000 |
| Cincinnati, OH-KY-IN | 1 | $ 195,000 | $ 195,000 | $ 143,000 |
| Cleveland, TN | 1 | $ 235,000 | $ 235,000 | $ 38,000 |
| Dallas-Plano-Irving, TX | 1 | $ 325,000 | $ 325,000 | $ 79,000 |
| Dothan, AL | 1 | $ 115,000 | $ 115,000 | $ 58,000 |
| Florence, SC | 1 | $ 235,000 | $ 235,000 | $ 85,000 |
| Gainesville, FL | 1 | $ 185,000 | $ 185,000 | $ 210,000 |
| Grand Forks, ND-MN | 1 | $ 115,000 | $ 115,000 | $ 72,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 465,000 | $ 465,000 | $ 177,000 |
| Greenville, NC | 1 | $ 105,000 | $ 105,000 | $ 58,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 215,000 | $ 215,000 | $ 111,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 205,000 | $ 205,000 | $ 105,000 |
| Homosassa Springs, FL | 1 | $ 145,000 | $ 145,000 | $ 41,000 |
| Huntsville, AL | 1 | $ 155,000 | $ 155,000 | $ 86,000 |
| Lake Charles, LA | 1 | $ 295,000 | $ 295,000 | $ 140,000 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 345,000 | $ 345,000 | $ 78,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 315,000 | $ 315,000 | $ 78,000 |
| Nassau County-Suffolk County, NY | 1 | $ 215,000 | $ 215,000 | $ 77,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 205,000 | $ 205,000 | $ 50,000 |
| New York-Newark, NY | 1 | $ 255,000 | $ 255,000 | $ 62,000 |
| Ocean City, NJ | 1 | $ 335,000 | $ 335,000 | $ 712,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 265,000 | $ 265,000 | $ 108,000 |
| Providence-Warwick, RI-MA | 1 | $ 265,000 | $ 265,000 | $ 49,000 |
| Rapid City, SD | 1 | $ 205,000 | $ 205,000 | $ 80,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 255,000 | $ 255,000 | $ 137,000 |
| Salisbury, MD-DE | 1 | $ 545,000 | $ 545,000 | $ 222,000 |
| San Diego-Carlsbad, CA | 1 | $ 345,000 | $ 345,000 | $ 171,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 315,000 | $ 315,000 | $ 153,000 |
| Sioux City, IA-NE-SD | 1 | $ 265,000 | $ 265,000 | $ 77,000 |
| Springfield, IL | 1 | $ 145,000 | $ 145,000 | $ 50,000 |
| Sumter, SC | 1 | $ 345,000 | $ 345,000 | $ 146,000 |
| Tacoma-Lakewood, WA | 1 | $ 655,000 | $ 655,000 | $ 101,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 295,000 | $ 295,000 | $ 170,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 275,000 | $ 275,000 | $ 108,000 |
Mortgage Loan Application Detail Totals for Seatrust Mortgage Company in 2021
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 | 684 | $203,030,000 | $296,000 | $2,255,000 | $111,000 | $1,449,000 |
| Refinancing | 268 | $76,860,000 | $286,000 | $2,255,000 | $133,000 | $1,284,000 |
| Cash-out Refinancing | 206 | $58,440,000 | $283,000 | $2,105,000 | $124,000 | $680,000 |
| 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 | 685 | $197,555,000 | $288,000 | $2,255,000 | $118,000 | $1,449,000 |
| Not Provided | 218 | $68,900,000 | $316,000 | $2,255,000 | $141,000 | $1,284,000 |
| Asian | 87 | $24,905,000 | $286,000 | $1,715,000 | $89,000 | $384,000 |
| Hispanic | 82 | $24,620,000 | $300,000 | $1,725,000 | $108,000 | $992,000 |
| Black or African American | 79 | $20,415,000 | $258,000 | $665,000 | $96,000 | $384,000 |
| American Indian or Alaskan Native | 7 | $1,935,000 | $276,000 | $515,000 | $156,000 | $465,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 944 | $278,210,000 | $294,000 | $2,255,000 | $128,000 | $1,449,000 |
| VA-guaranteed (Veterans Administration) | 137 | $42,675,000 | $311,000 | $1,205,000 | $82,000 | $334,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 46 | $8,950,000 | $194,000 | $345,000 | $55,000 | $102,000 |
| FHA-insured (Federal Housing Administration) | 31 | $8,495,000 | $274,000 | $495,000 | $65,000 | $164,000 |
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 | 902 | $252,570,000 | $280,000 | $1,715,000 | $113,000 | $1,449,000 |
| Application Withdrawn By Applicant | 209 | $70,225,000 | $336,000 | $2,255,000 | $146,000 | $1,284,000 |
| Application Denied By Financial Institution | 41 | $13,865,000 | $338,000 | $2,255,000 | $106,000 | $431,000 |
| Application Approved But Not Accepted | 6 | $1,670,000 | $278,000 | $455,000 | $71,000 | $130,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,117 | $324,465,000 | $290,000 | $2,255,000 | $119,000 | $1,449,000 |
| Debt-To-Income Ratio | 17 | $7,345,000 | $432,000 | $2,255,000 | $81,000 | $308,000 |
| Other | 8 | $1,520,000 | $190,000 | $375,000 | $152,000 | $384,000 |
| Collateral | 7 | $2,285,000 | $326,000 | $885,000 | $136,000 | $301,000 |
| Credit History | 5 | $1,815,000 | $363,000 | $1,085,000 | $124,000 | $431,000 |
| Employment History | 2 | $360,000 | $180,000 | $215,000 | $47,000 | $70,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $345,000 | $345,000 | $345,000 | $62,000 | $62,000 |
| Unverifiable Information | 1 | $195,000 | $195,000 | $195,000 | $35,000 | $35,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Seatrust Mortgage Company's 2021 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 Seatrust Mortgage Company'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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