Southern Crescent Mortgage & I Mortgage Lending & HMDA Data, 2004
In 2004, Southern Crescent Mortgage & I of Fayetteville, GA reported 338 mortgage applications totaling $37.6 million, up 11% from 2003. The average application was for $111,168, and applicants reported an average income of $41,985. 89% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (167) and Clarksville, TN-KY (74).
| Mortgage Company & Address | Southern Crescent Mortgage & I 145 W. Lanier Ave. Fayetteville, GA 30214 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 338 |
| Total Mortgage Loan Application Amount | $37,575,000 |
| Average Mortgage Loan Application Amount | $111,168 |
| Highest Mortgage Loan Application Amount | $291,000 |
| Average Applicant Income | $41,985 |
| Highest Applicant Income | $153,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Southern Crescent Mortgage & I filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Southern Crescent Mortgage & I in 2004
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 | 285 | $31,563,000 | $98,333 | $291,000 | $41,000 | $153,000 |
| Refinancing | 53 | $6,012,000 | $83,500 | $216,000 | $16,000 | $84,000 |
| Home Improvement | 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 | 211 | $23,986,000 | $97,333 | $291,000 | $33,000 | $153,000 |
| Black or African American | 82 | $8,548,000 | $106,500 | $192,000 | $40,500 | $114,000 |
| Hispanic | 24 | $2,749,000 | $102,000 | $220,000 | $45,333 | $96,000 |
| Not Provided | 12 | $1,316,000 | $121,000 | $198,000 | $49,000 | $91,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $328,000 | $102,000 | $142,000 | $48,500 | $90,000 |
| Not applicable | 2 | $189,000 | $94,000 | $124,000 | $47,000 | $55,000 |
| American Indian or Alaskan Native | 2 | $242,000 | $121,000 | $128,000 | $36,500 | $44,000 |
| Asian | 2 | $217,000 | $108,500 | $143,000 | $30,500 | $34,000 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 260 | $27,856,000 | $102,500 | $220,000 | $39,500 | $153,000 |
| VA-guaranteed (Veterans Administration) | 77 | $9,629,000 | $115,000 | $291,000 | $41,666 | $126,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1 | $90,000 | $90,000 | $90,000 | $83,000 | $83,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 301 | $33,339,000 | $97,333 | $238,000 | $36,666 | $153,000 |
| Application Withdrawn By Applicant | 29 | $3,229,000 | $110,500 | $291,000 | $43,500 | $126,000 |
| Application Denied By Financial Institution | 7 | $849,000 | $101,500 | $220,000 | $37,000 | $91,000 |
| Loan Purchased By The Institution | 1 | $158,000 | $158,000 | $158,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 3 | $460,000 | $153,000 | $220,000 | $44,000 | $64,000 |
| Debt-To-Income Ratio | 2 | $119,000 | $59,500 | $74,000 | $26,500 | $27,000 |
| Employment History | 1 | $149,000 | $149,000 | $149,000 | $91,000 | $91,000 |
| Other | 1 | $121,000 | $121,000 | $121,000 | $33,000 | $33,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Southern Crescent Mortgage & I's 2004 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 Southern Crescent Mortgage & I'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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