South Texas National Bank Mortgage Lending & HMDA Data, 2005
In 2005, South Texas National Bank of Laredo, TX reported 427 mortgage applications totaling $10.5 million, down 21% from 2004. The average application was for $24,615, and applicants reported an average income of $56,252. 80% of its applications resulted in an originated loan and 13% were denied. Its largest market was Laredo, TX (202).
| Mortgage Company & Address | South Texas National Bank 2211 Guadalupe Laredo, TX 78043 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 427 |
| Total Mortgage Loan Application Amount | $10,511,000 |
| Average Mortgage Loan Application Amount | $24,615 |
| Highest Mortgage Loan Application Amount | $680,000 |
| Average Applicant Income | $56,252 |
| Highest Applicant Income | $1,681,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records South Texas National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Laredo, TX | 202 | $ 6,413,000 | $ 31,747 | $ 157,000 |
Mortgage Loan Application Detail Totals for South Texas National Bank in 2005
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 Improvement | 349 | $3,057,000 | $8,000 | $90,000 | $40,000 | $960,000 |
| Home Purchase | 46 | $5,510,000 | $119,000 | $680,000 | $138,000 | $1,681,000 |
| Refinancing | 32 | $1,944,000 | $60,000 | $200,000 | $116,000 | $734,000 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 418 | $9,998,000 | $23,000 | $680,000 | $75,000 | $1,681,000 |
| White | 9 | $513,000 | $57,000 | $179,000 | $199,000 | $734,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 427 | $10,511,000 | $24,000 | $680,000 | $96,000 | $1,681,000 |
| 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 | 343 | $7,982,000 | $23,000 | $680,000 | $152,000 | $1,681,000 |
| Application Denied By Financial Institution | 55 | $1,223,000 | $22,000 | $123,000 | $28,000 | $84,000 |
| Application Withdrawn By Applicant | 29 | $1,306,000 | $45,000 | $200,000 | $101,000 | $375,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 51 | $1,038,000 | $20,000 | $108,000 | $31,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $177,000 | $59,000 | $123,000 | $18,000 | $30,000 |
| Collateral | 1 | $8,000 | $8,000 | $8,000 | $29,000 | $29,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 Texas National Bank's 2005 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 Texas National Bank'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 Texas, download the full spreadsheet
with aggregated HMDA statistics today.
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