South Central Bank of Hardin Mortgage Lending & HMDA Data, 2009
In 2009, South Central Bank of Hardin of Elizabethtown, KY reported 83 mortgage applications totaling $8.3 million, down 10% from 2008. The average application was for $99,987, and applicants reported an average income of $87,156. 83% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Elizabethtown, KY (53) and Louisville-Jefferson County, KY-IN (23).
| Mortgage Company & Address | South Central Bank of Hardin 2908 Ring Road Elizabethtown, KY 42702 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 83 |
| Total Mortgage Loan Application Amount | $8,299,000 |
| Average Mortgage Loan Application Amount | $99,987 |
| Highest Mortgage Loan Application Amount | $530,000 |
| Average Applicant Income | $87,156 |
| Highest Applicant Income | $559,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records South Central Bank of Hardin filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Elizabethtown, KY | 53 | $ 5,559,000 | $ 104,886 | $ 85,000 |
| Louisville-Jefferson County, KY-IN | 23 | $ 1,806,000 | $ 78,521 | $ 85,000 |
Mortgage Loan Application Detail Totals for South Central Bank of Hardin in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 42 | $4,059,000 | $96,000 | $379,000 | $84,000 | $559,000 |
| Home Purchase | 34 | $4,115,000 | $121,000 | $530,000 | $95,000 | $398,000 |
| Home Improvement | 7 | $125,000 | $17,000 | $75,000 | $68,000 | $119,000 |
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 | 73 | $6,863,000 | $94,000 | $530,000 | $93,000 | $559,000 |
| Not applicable | 6 | $1,105,000 | $184,000 | $494,000 | $0 | $0 |
| Black or African American | 3 | $182,000 | $60,000 | $72,000 | $85,000 | $129,000 |
| Not Provided | 1 | $149,000 | $149,000 | $149,000 | $223,000 | $223,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 82 | $8,040,000 | $98,000 | $530,000 | $87,000 | $559,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $259,000 | $259,000 | $259,000 | $75,000 | $75,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 69 | $6,519,000 | $94,000 | $530,000 | $95,000 | $559,000 |
| Application Denied By Financial Institution | 9 | $1,269,000 | $141,000 | $379,000 | $39,000 | $103,000 |
| Application Withdrawn By Applicant | 3 | $379,000 | $126,000 | $160,000 | $51,000 | $58,000 |
| Application Approved But Not Accepted | 2 | $132,000 | $66,000 | $80,000 | $74,000 | $129,000 |
| 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 | 7 | $639,000 | $91,000 | $215,000 | $36,000 | $69,000 |
| Debt-To-Income Ratio | 1 | $379,000 | $379,000 | $379,000 | $0 | $0 |
| Collateral | 1 | $251,000 | $251,000 | $251,000 | $103,000 | $103,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into South Central Bank of Hardin's 2009 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 South Central Bank of Hardin'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 Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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