Sb&T Mortgage Lending & HMDA Data, 2003
In 2003, Sb&T of Albany, GA reported 164 mortgage applications totaling $16.4 million. The average application was for $99,737, and applicants reported an average income of $53,878. 97% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Albany, GA (147), Atlanta, GA (1) and Fort Myers-Cape Coral, FL (1) (applications in parentheses).
| Mortgage Company & Address | Sb&T Po Box 1912 Albany, GA 31703 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 164 |
| Total Mortgage Loan Application Amount | $16,357,000 |
| Average Mortgage Loan Application Amount | $99,737 |
| Highest Mortgage Loan Application Amount | $3,478,000 |
| Average Applicant Income | $53,878 |
| Highest Applicant Income | $765,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sb&T filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Albany, GA | 147 | $ 14,182,000 | $ 96,476 | $ 62,000 |
| Atlanta, GA | 1 | $ 496,000 | $ 496,000 | $ 240,000 |
| Fort Myers-Cape Coral, FL | 1 | $ 95,000 | $ 95,000 | $ 30,000 |
Mortgage Loan Application Detail Totals for Sb&T in 2003
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 (one-to-four family) | 106 | $7,293,000 | $124,500 | $617,000 | $44,000 | $382,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 48 | $8,754,000 | $182,000 | $3,478,000 | $73,000 | $250,000 |
| Home Improvement (one-to-four family) | 10 | $310,000 | $31,000 | $102,000 | $77,000 | $765,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 101 | $7,339,000 | $171,000 | $496,000 | $70,500 | $765,000 |
| Not applicable | 47 | $8,300,000 | $136,500 | $3,478,000 | $31,000 | $382,000 |
| Black | 14 | $454,000 | $32,000 | $72,000 | $42,000 | $93,000 |
| American Indian or Alaskan Native | 2 | $264,000 | $132,000 | $163,000 | $15,000 | $30,000 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 164 | $16,357,000 | $140,500 | $3,478,000 | $52,500 | $765,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 159 | $16,238,000 | $142,000 | $3,478,000 | $54,500 | $765,000 |
| Application Denied By Financial Institution | 4 | $89,000 | $22,000 | $51,000 | $34,000 | $60,000 |
| Application Withdrawn By Applicant | 1 | $30,000 | $30,000 | $30,000 | $43,000 | $43,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 2 | $81,000 | $40,000 | $51,000 | $33,000 | $36,000 |
| Debt-To-Income Ratio | 2 | $8,000 | $4,000 | $5,000 | $36,000 | $60,000 |
| 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 Sb&T's 2003 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 Sb&T'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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