Southeast Bank Mortgage Lending & HMDA Data, 2018

In 2018, Southeast Bank of Farragut, TN reported 272 mortgage applications totaling $60.2 million, down 28% from 2017. The average application was for $221,433, and applicants reported an average income of $196,360. 90% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Knoxville, TN (114), Chattanooga, TN-GA (66) and Cleveland, TN (23) (applications in parentheses).

Mortgage Company & Address Southeast Bank
192 N Seven Oaks Dr
Farragut, TN 37934
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  
Total Number of Mortgage Applications 272
Total Mortgage Loan Application Amount $60,230,000
Average Mortgage Loan Application Amount $221,433
Highest Mortgage Loan Application Amount $1,295,000
Average Applicant Income $196,360
Highest Applicant Income $9,356,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Southeast Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Southeast Bank by County in 2018

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Hamilton, Tennessee 64 $ 13,780,000 $ 215,312 $ 147,000
Knox, Tennessee 49 $ 14,725,000 $ 300,510 $ 212,000
Loudon, Tennessee 41 $ 8,915,000 $ 217,439 $ 139,000
Bradley, Tennessee 22 $ 4,140,000 $ 188,181 $ 135,000
Putnam, Tennessee 21 $ 2,735,000 $ 130,238 $ 161,000
Rhea, Tennessee 15 $ 2,135,000 $ 142,333 $ 143,000
Blount, Tennessee 12 $ 2,810,000 $ 234,166 $ 1,143,000
Monroe, Tennessee 7 $ 1,695,000 $ 242,142 $ 124,000
Roane, Tennessee 6 $ 1,290,000 $ 215,000 $ 79,000
Anderson, Tennessee 4 $ 910,000 $ 227,500 $ 62,000
Meigs, Tennessee 4 $ 360,000 $ 90,000 $ 50,000
McMinn, Tennessee 3 $ 195,000 $ 65,000 $ 223,000
Jackson, Tennessee 2 $ 170,000 $ 85,000 $ 49,000
Overton, Tennessee 2 $ 360,000 $ 180,000 $ 150,000
Sevier, Tennessee 2 $ 670,000 $ 335,000 $ 110,000
Union, Tennessee 2 $ 670,000 $ 335,000 $ 89,000
Baldwin, Alabama 1 $ 635,000 $ 635,000 $ 0
Palm Beach, Florida 1 $ 1,205,000 $ 1,205,000 $ 0
Walton, Florida 1 $ 665,000 $ 665,000 $ 832,000
Catoosa, Georgia 1 $ 65,000 $ 65,000 $ 223,000
Fulton, Georgia 1 $ 145,000 $ 145,000 $ 56,000
Gordon, Georgia 1 $ 315,000 $ 315,000 $ 120,000
Lowndes, Georgia 1 $ 215,000 $ 215,000 $ 82,000
Walker, Georgia 1 $ 105,000 $ 105,000 $ 0
Greenville, South Carolina 1 $ 125,000 $ 125,000 $ 465,000
Bledsoe, Tennessee 1 $ 155,000 $ 155,000 $ 103,000
Davidson, Tennessee 1 $ 165,000 $ 165,000 $ 453,000
Jefferson, Tennessee 1 $ 315,000 $ 315,000 $ 89,000
Polk, Tennessee 1 $ 125,000 $ 125,000 $ 256,000
Smith, Tennessee 1 $ 45,000 $ 45,000 $ 45,000
White, Tennessee 1 $ 225,000 $ 225,000 $ 427,000

Mortgage Loan Application Detail Totals for Southeast Bank in 2018

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 163 $38,785,000 $237,000 $1,295,000 $231,000 $9,356,000
Refinancing 75 $17,675,000 $235,000 $1,045,000 $167,000 $725,000
Other Purpose 13 $1,095,000 $84,000 $145,000 $124,000 $276,000
Cash-out Refinancing 13 $2,105,000 $161,000 $355,000 $84,000 $208,000
Home Improvement 8 $570,000 $71,000 $175,000 $66,000 $134,000
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 209 $43,165,000 $206,000 $975,000 $195,000 $9,356,000
Not applicable 47 $11,575,000 $246,000 $1,295,000 $0 $0
Not Provided 11 $4,225,000 $384,000 $1,045,000 $199,000 $719,000
American Indian or Alaskan Native 1 $65,000 $65,000 $65,000 $116,000 $116,000
Asian 1 $145,000 $145,000 $145,000 $56,000 $56,000
Black or African American 1 $35,000 $35,000 $35,000 $40,000 $40,000
Hispanic 1 $375,000 $375,000 $375,000 $229,000 $229,000
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) 272 $60,230,000 $221,000 $1,295,000 $196,000 $9,356,000
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 244 $54,590,000 $223,000 $1,295,000 $207,000 $9,356,000
Application Denied By Financial Institution 11 $1,945,000 $176,000 $455,000 $63,000 $143,000
Application Approved But Not Accepted 9 $1,915,000 $212,000 $345,000 $139,000 $360,000
Application Withdrawn By Applicant 7 $1,605,000 $229,000 $535,000 $162,000 $314,000
Loan Purchased By The Institution 1 $175,000 $175,000 $175,000 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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 272 $60,230,000 $221,000 $1,295,000 $196,000 $9,356,000
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 Southeast Bank's 2018 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 Southeast 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.
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