Southern Crescent Mortgage & I Mortgage Lending & HMDA Data, 2009
In 2009, Southern Crescent Mortgage & I of Fayetteville, GA reported 60 mortgage applications totaling $8.7 million, up 2% from 2008. The average application was for $144,316, and applicants reported an average income of $55,816. 73% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (55) and Macon, GA (1).
| 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 | 60 |
| Total Mortgage Loan Application Amount | $8,659,000 |
| Average Mortgage Loan Application Amount | $144,316 |
| Highest Mortgage Loan Application Amount | $328,000 |
| Average Applicant Income | $55,816 |
| Highest Applicant Income | $168,000 |
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records Southern Crescent Mortgage & I filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 41 | $5,770,000 | $140,000 | $328,000 | $65,000 | $168,000 |
| Refinancing | 19 | $2,889,000 | $152,000 | $319,000 | $36,000 | $130,000 |
| 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 | 29 | $4,213,000 | $145,000 | $304,000 | $55,000 | $149,000 |
| Black or African American | 26 | $3,611,000 | $138,000 | $319,000 | $50,000 | $134,000 |
| American Indian or Alaskan Native | 2 | $317,000 | $158,000 | $268,000 | $74,000 | $120,000 |
| Asian | 2 | $402,000 | $201,000 | $328,000 | $138,000 | $168,000 |
| Hispanic | 1 | $116,000 | $116,000 | $116,000 | $42,000 | $42,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 52 | $7,211,000 | $138,000 | $328,000 | $60,000 | $168,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,448,000 | $181,000 | $268,000 | $33,000 | $120,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 44 | $6,686,000 | $151,000 | $328,000 | $59,000 | $168,000 |
| Application Withdrawn By Applicant | 9 | $1,172,000 | $130,000 | $199,000 | $48,000 | $132,000 |
| Application Denied By Financial Institution | 7 | $801,000 | $114,000 | $157,000 | $50,000 | $134,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 4 | $391,000 | $97,000 | $118,000 | $53,000 | $134,000 |
| Collateral | 2 | $277,000 | $138,000 | $157,000 | $20,000 | $41,000 |
| Employment History | 1 | $133,000 | $133,000 | $133,000 | $99,000 | $99,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Southern Crescent Mortgage & I'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 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.
For a list of all lenders in Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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