South Central Mortgage, LLC Mortgage Lending & HMDA Data, 2009
In 2009, South Central Mortgage, LLC of Fitchburg, WI reported 207 mortgage applications totaling $43.0 million, up 34% from 2008. The average application was for $207,526, and applicants reported an average income of $98,512. 75% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Madison, WI (184), Milwaukee-Waukesha-West Allis, WI (3) and Green Bay, WI (2) (applications in parentheses).
| Mortgage Company & Address | South Central Mortgage, LLC 2980 Arapaho Dr Suite 201 Fitchburg, WI 53719 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 207 |
| Total Mortgage Loan Application Amount | $42,958,000 |
| Average Mortgage Loan Application Amount | $207,526 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $98,512 |
| Highest Applicant Income | $764,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records South Central Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Madison, WI | 184 | $ 38,347,000 | $ 208,407 | $ 92,000 |
| Milwaukee-Waukesha-West Allis, WI | 3 | $ 570,000 | $ 190,000 | $ 95,000 |
| Green Bay, WI | 2 | $ 219,000 | $ 109,500 | $ 46,000 |
| Janesville, WI | 1 | $ 198,000 | $ 198,000 | $ 80,000 |
| Rockingham County-Strafford County, NH | 1 | $ 195,000 | $ 195,000 | $ 251,000 |
Mortgage Loan Application Detail Totals for South Central Mortgage, LLC 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 | 112 | $23,625,000 | $210,000 | $417,000 | $105,000 | $764,000 |
| Home Purchase | 93 | $18,801,000 | $202,000 | $417,000 | $90,000 | $750,000 |
| Home Improvement | 2 | $532,000 | $266,000 | $352,000 | $131,000 | $181,000 |
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 | 185 | $38,459,000 | $207,000 | $417,000 | $100,000 | $764,000 |
| Not Provided | 10 | $1,724,000 | $172,000 | $244,000 | $67,000 | $119,000 |
| Asian | 5 | $1,339,000 | $267,000 | $416,000 | $99,000 | $129,000 |
| Hispanic | 4 | $761,000 | $190,000 | $211,000 | $79,000 | $117,000 |
| Black or African American | 2 | $488,000 | $244,000 | $390,000 | $95,000 | $140,000 |
| American Indian or Alaskan Native | 1 | $187,000 | $187,000 | $187,000 | $81,000 | $81,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $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) | 156 | $34,130,000 | $218,000 | $417,000 | $111,000 | $764,000 |
| FHA-insured (Federal Housing Administration) | 40 | $6,960,000 | $174,000 | $270,000 | $62,000 | $113,000 |
| VA-guaranteed (Veterans Administration) | 6 | $1,156,000 | $192,000 | $317,000 | $54,000 | $93,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $712,000 | $142,000 | $182,000 | $48,000 | $69,000 |
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 | 155 | $31,374,000 | $202,000 | $417,000 | $90,000 | $750,000 |
| Application Denied By Financial Institution | 50 | $11,025,000 | $220,000 | $417,000 | $122,000 | $764,000 |
| File Closed For Incompleteness | 2 | $559,000 | $279,000 | $400,000 | $120,000 | $240,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 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 Application Incomplete | 34 | $7,477,000 | $219,000 | $417,000 | $104,000 | $245,000 |
| Collateral | 8 | $2,101,000 | $262,000 | $417,000 | $265,000 | $764,000 |
| Debt-To-Income Ratio | 5 | $922,000 | $184,000 | $394,000 | $44,000 | $123,000 |
| Credit History | 1 | $97,000 | $97,000 | $97,000 | $50,000 | $50,000 |
| Mortgage Insurance Denied | 1 | $242,000 | $242,000 | $242,000 | $103,000 | $103,000 |
| Other | 1 | $186,000 | $186,000 | $186,000 | $58,000 | $58,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into South Central Mortgage, LLC'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 Mortgage, 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.
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