Sidus Financial, LLC Mortgage Lending & HMDA Data, 2012
In 2012, Sidus Financial, LLC of Greensboro, NC reported 1,164 mortgage applications totaling $186.4 million, down 68% from 2011. The average application was for $160,161, and applicants reported an average income of $72,351. 85% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Greensboro-High Point, NC (415), Charlotte-Gastonia-Rock Hill, NC-SC (200) and Columbia, SC (102) (applications in parentheses).
| Mortgage Company & Address | Sidus Financial, LLC 701 Green Valley Road, Suite 101 Greensboro, NC 27408 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 |
| Total Number of Mortgage Applications | 1,164 |
| Total Mortgage Loan Application Amount | $186,428,000 |
| Average Mortgage Loan Application Amount | $160,161 |
| Highest Mortgage Loan Application Amount | $864,000 |
| Average Applicant Income | $72,351 |
| Highest Applicant Income | $928,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sidus Financial, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Sidus Financial, LLC in 2012
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 | 589 | $88,288,000 | $149,000 | $417,000 | $69,000 | $717,000 |
| Refinancing | 564 | $96,188,000 | $170,000 | $864,000 | $75,000 | $928,000 |
| Home Improvement | 11 | $1,952,000 | $177,000 | $368,000 | $116,000 | $209,000 |
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 | 970 | $160,336,000 | $165,000 | $864,000 | $75,000 | $928,000 |
| Black or African American | 123 | $15,693,000 | $127,000 | $417,000 | $48,000 | $191,000 |
| Hispanic | 25 | $3,393,000 | $135,000 | $243,000 | $71,000 | $241,000 |
| Not Provided | 25 | $3,828,000 | $153,000 | $325,000 | $89,000 | $465,000 |
| Asian | 18 | $2,874,000 | $159,000 | $417,000 | $76,000 | $260,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $243,000 | $121,000 | $132,000 | $18,000 | $36,000 |
| American Indian or Alaskan Native | 1 | $61,000 | $61,000 | $61,000 | $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) | 569 | $105,963,000 | $186,000 | $864,000 | $103,000 | $928,000 |
| FHA-insured (Federal Housing Administration) | 427 | $55,621,000 | $130,000 | $424,000 | $41,000 | $213,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 112 | $13,989,000 | $124,000 | $277,000 | $41,000 | $87,000 |
| VA-guaranteed (Veterans Administration) | 56 | $10,855,000 | $193,000 | $416,000 | $67,000 | $145,000 |
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 | 989 | $160,529,000 | $162,000 | $864,000 | $76,000 | $928,000 |
| Application Denied By Financial Institution | 116 | $18,377,000 | $158,000 | $700,000 | $71,000 | $392,000 |
| Application Withdrawn By Applicant | 35 | $4,662,000 | $133,000 | $369,000 | $24,000 | $140,000 |
| Application Approved But Not Accepted | 15 | $1,664,000 | $110,000 | $385,000 | $30,000 | $138,000 |
| File Closed For Incompleteness | 9 | $1,196,000 | $132,000 | $328,000 | $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 Application Incomplete | 78 | $12,851,000 | $164,000 | $700,000 | $87,000 | $392,000 |
| Debt-To-Income Ratio | 15 | $2,656,000 | $177,000 | $340,000 | $59,000 | $129,000 |
| Credit History | 7 | $960,000 | $137,000 | $385,000 | $47,000 | $125,000 |
| Collateral | 2 | $312,000 | $156,000 | $172,000 | $54,000 | $61,000 |
| Employment History | 2 | $294,000 | $147,000 | $190,000 | $55,000 | $87,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $65,000 | $65,000 | $65,000 | $22,000 | $22,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sidus Financial, LLC's 2012 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 Sidus Financial, LLC'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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