Security State Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Security State Bank & Trust of Fredericksburg, TX reported 290 mortgage applications totaling $30.6 million, up 13% from 2007. The average application was for $105,586, and applicants reported an average income of $70,789. 68% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Austin-Round Rock, TX (61), San Antonio, TX (38) and Corpus Christi, TX (2) (applications in parentheses).
| Mortgage Company & Address | Security State Bank & Trust 201 West Main Street Fredericksburg, TX 78624 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 290 |
| Total Mortgage Loan Application Amount | $30,620,000 |
| Average Mortgage Loan Application Amount | $105,586 |
| Highest Mortgage Loan Application Amount | $975,000 |
| Average Applicant Income | $70,789 |
| Highest Applicant Income | $708,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Security State Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Austin-Round Rock, TX | 61 | $ 8,668,000 | $ 142,098 | $ 69,000 |
| San Antonio, TX | 38 | $ 6,194,000 | $ 163,000 | $ 85,000 |
| Corpus Christi, TX | 2 | $ 114,000 | $ 57,000 | $ 91,000 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 693,000 | $ 346,500 | $ 173,000 |
| Killeen-Temple-Fort Hood, TX | 2 | $ 83,000 | $ 41,500 | $ 40,000 |
| San Angelo, TX | 1 | $ 50,000 | $ 50,000 | $ 92,000 |
Mortgage Loan Application Detail Totals for Security State 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 225 | $24,449,000 | $108,000 | $975,000 | $70,000 | $708,000 |
| Home Improvement | 34 | $2,641,000 | $77,000 | $400,000 | $74,000 | $182,000 |
| Refinancing | 31 | $3,530,000 | $113,000 | $406,000 | $73,000 | $232,000 |
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 | 216 | $19,930,000 | $92,000 | $800,000 | $82,000 | $708,000 |
| Hispanic | 49 | $3,176,000 | $64,000 | $759,000 | $57,000 | $308,000 |
| Not applicable | 21 | $7,331,000 | $349,000 | $975,000 | $0 | $0 |
| American Indian or Alaskan Native | 2 | $98,000 | $49,000 | $72,000 | $38,000 | $45,000 |
| Asian | 2 | $85,000 | $42,000 | $64,000 | $35,000 | $40,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 290 | $30,620,000 | $105,000 | $975,000 | $71,000 | $708,000 |
| 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 | 197 | $21,390,000 | $108,000 | $975,000 | $77,000 | $708,000 |
| Application Denied By Financial Institution | 55 | $3,392,000 | $61,000 | $400,000 | $42,000 | $200,000 |
| Application Withdrawn By Applicant | 32 | $4,602,000 | $143,000 | $800,000 | $85,000 | $466,000 |
| Application Approved But Not Accepted | 6 | $1,236,000 | $206,000 | $968,000 | $51,000 | $120,000 |
| 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 | 36 | $1,750,000 | $48,000 | $400,000 | $38,000 | $92,000 |
| Debt-To-Income Ratio | 13 | $1,019,000 | $78,000 | $304,000 | $48,000 | $98,000 |
| Collateral | 3 | $212,000 | $70,000 | $82,000 | $26,000 | $30,000 |
| Other | 2 | $242,000 | $121,000 | $189,000 | $100,000 | $200,000 |
| Unverifiable Information | 1 | $169,000 | $169,000 | $169,000 | $60,000 | $60,000 |
| 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 Security State 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 Security State 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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