Singing River Federal C.U. Mortgage Lending & HMDA Data, 2023
In 2023, Singing River Federal C.U. of Moss Point, MS reported 96 mortgage applications totaling $13.2 million, down 31% from 2022. The average application was for $137,187, and applicants reported an average income of $104,593. 55% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Gulfport-Biloxi-Pascagoula, MS (44), Mobile, AL (4) and Daphne-Fairhope-Foley, AL (1) (applications in parentheses).
| Mortgage Company & Address | Singing River Federal C.U. 6006 Hwy 63 Moss Point, MS 39563 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 |
| Total Number of Mortgage Applications | 96 |
| Total Mortgage Loan Application Amount | $13,170,000 |
| Average Mortgage Loan Application Amount | $137,187 |
| Highest Mortgage Loan Application Amount | $545,000 |
| Average Applicant Income | $104,593 |
| Highest Applicant Income | $297,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Singing River Federal C.U. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Jackson, Mississippi | 44 | $ 6,710,000 | $ 152,500 | $ 114,000 |
| George, Mississippi | 26 | $ 2,940,000 | $ 113,076 | $ 90,000 |
| Greene, Mississippi | 9 | $ 985,000 | $ 109,444 | $ 108,000 |
| Mobile, Alabama | 3 | $ 215,000 | $ 71,666 | $ 99,000 |
| Baldwin, Alabama | 1 | $ 215,000 | $ 215,000 | $ 143,000 |
| Washington, Alabama | 1 | $ 185,000 | $ 185,000 | $ 233,000 |
| Perry, Mississippi | 1 | $ 125,000 | $ 125,000 | $ 116,000 |
Mortgage Loan Application Detail Totals for Singing River Federal C.U. in 2023
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 | 53 | $7,915,000 | $149,000 | $545,000 | $108,000 | $297,000 |
| Cash-out Refinancing | 25 | $3,625,000 | $145,000 | $485,000 | $110,000 | $255,000 |
| Refinancing | 7 | $385,000 | $55,000 | $75,000 | $78,000 | $148,000 |
| Other Purpose | 6 | $410,000 | $68,000 | $85,000 | $71,000 | $120,000 |
| Home Improvement | 5 | $835,000 | $167,000 | $365,000 | $119,000 | $157,000 |
| Not Applicable | 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 | 79 | $11,095,000 | $140,000 | $545,000 | $107,000 | $297,000 |
| Black or African American | 8 | $730,000 | $91,000 | $195,000 | $62,000 | $130,000 |
| Not Provided | 7 | $1,195,000 | $170,000 | $405,000 | $133,000 | $201,000 |
| Not applicable | 1 | $55,000 | $55,000 | $55,000 | $0 | $0 |
| Asian | 1 | $95,000 | $95,000 | $95,000 | $43,000 | $43,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 96 | $13,170,000 | $137,000 | $545,000 | $105,000 | $297,000 |
| 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 | 53 | $7,255,000 | $136,000 | $485,000 | $112,000 | $297,000 |
| Application Denied By Financial Institution | 17 | $2,235,000 | $131,000 | $545,000 | $100,000 | $296,000 |
| Application Approved But Not Accepted | 13 | $1,605,000 | $123,000 | $405,000 | $108,000 | $233,000 |
| Preapproval Approved but not Accepted | 10 | $1,720,000 | $172,000 | $405,000 | $89,000 | $201,000 |
| File Closed For Incompleteness | 2 | $280,000 | $140,000 | $155,000 | $63,000 | $75,000 |
| Preapproval Denied by Financial Institution | 1 | $75,000 | $75,000 | $75,000 | $35,000 | $35,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 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 | 96 | $13,170,000 | $137,000 | $545,000 | $105,000 | $297,000 |
| 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 |
| Not applicable | 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Singing River Federal C.U.'s 2023 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 Singing River Federal C.U.'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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