Southern First Bank Mortgage Lending & HMDA Data, 2024
In 2024, Southern First Bank of Greenville, SC reported 1,655 mortgage applications totaling $569.8 million, up 9% from 2023. The average application was for $344,262, and applicants reported an average income of $250,134. 68% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Greenville-Anderson-Mauldin, SC (700), Atlanta-Sandy Springs-Roswell, GA (163) and Charleston-North Charleston, SC (162) (applications in parentheses).
| Mortgage Company & Address | Southern First Bank 100 Verdae Blvd Greenville, SC 29607 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 |
| Total Number of Mortgage Applications | 1,655 |
| Total Mortgage Loan Application Amount | $569,755,000 |
| Average Mortgage Loan Application Amount | $344,262 |
| Highest Mortgage Loan Application Amount | $2,395,000 |
| Average Applicant Income | $250,134 |
| Highest Applicant Income | $8,075,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Southern First Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Greenville-Anderson-Mauldin, SC | 700 | $ 230,250,000 | $ 328,928 | $ 231,000 |
| Outside any metro area | 287 | $ 82,665,000 | $ 288,031 | $ 205,548 |
| Atlanta-Sandy Springs-Roswell, GA | 163 | $ 68,155,000 | $ 418,128 | $ 266,000 |
| Charleston-North Charleston, SC | 162 | $ 70,940,000 | $ 437,901 | $ 369,000 |
| Spartanburg, SC | 81 | $ 19,125,000 | $ 236,111 | $ 140,000 |
| Charlotte-Concord-Gastonia, NC-SC | 58 | $ 21,860,000 | $ 376,896 | $ 188,120 |
| Columbia, SC | 58 | $ 16,550,000 | $ 285,344 | $ 270,000 |
| Marietta, GA | 41 | $ 16,945,000 | $ 413,292 | $ 151,000 |
| Raleigh, NC | 21 | $ 12,195,000 | $ 580,714 | $ 786,000 |
| Greensboro-High Point, NC | 19 | $ 4,405,000 | $ 231,842 | $ 231,000 |
| Winston-Salem, NC | 9 | $ 2,495,000 | $ 277,222 | $ 298,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 7 | $ 3,495,000 | $ 499,285 | $ 432,000 |
| Gainesville, GA | 6 | $ 1,970,000 | $ 328,333 | $ 80,000 |
| Wilmington, NC | 6 | $ 2,810,000 | $ 468,333 | $ 605,000 |
| Asheville, NC | 5 | $ 3,225,000 | $ 645,000 | $ 274,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 5 | $ 1,975,000 | $ 395,000 | $ 485,000 |
| Durham-Chapel Hill, NC | 3 | $ 1,085,000 | $ 361,666 | $ 363,000 |
| Louisville/Jefferson County, KY-IN | 3 | $ 1,395,000 | $ 465,000 | $ 200,333 |
| Warner Robins, GA | 3 | $ 575,000 | $ 191,666 | $ 232,000 |
| Burlington, NC | 2 | $ 2,010,000 | $ 1,005,000 | $ 100,000 |
| Hickory-Lenoir-Morganton, NC | 2 | $ 830,000 | $ 415,000 | $ 188,000 |
| Savannah, GA | 2 | $ 750,000 | $ 375,000 | $ 37,000 |
| Albany, GA | 1 | $ 175,000 | $ 175,000 | $ 50,000 |
| Athens-Clarke County, GA | 1 | $ 465,000 | $ 465,000 | $ 293,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 235,000 | $ 235,000 | $ 16,000 |
| Birmingham-Hoover, AL | 1 | $ 465,000 | $ 465,000 | $ 195,000 |
| Boulder, CO | 1 | $ 505,000 | $ 505,000 | $ 5,411,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 715,000 | $ 715,000 | $ 849,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 305,000 | $ 305,000 | $ 114,000 |
| Jackson, MS | 1 | $ 185,000 | $ 185,000 | $ 660,000 |
| Pinehurst-Southern Pines, NC | 1 | $ 305,000 | $ 305,000 | $ 34,000 |
| Richmond, VA | 1 | $ 235,000 | $ 235,000 | $ 94,000 |
| Sumter, SC | 1 | $ 255,000 | $ 255,000 | $ 393,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 205,000 | $ 205,000 | $ 44,000 |
Mortgage Loan Application Detail Totals for Southern First Bank in 2024
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 | 1,185 | $412,985,000 | $348,000 | $2,305,000 | $186,000 | $8,075,000 |
| Refinancing | 163 | $67,805,000 | $415,000 | $2,395,000 | $415,000 | $3,753,000 |
| Home Improvement | 140 | $36,910,000 | $263,000 | $1,005,000 | $448,000 | $5,411,000 |
| Other Purpose | 110 | $31,530,000 | $286,000 | $2,005,000 | $460,000 | $5,498,000 |
| Cash-out Refinancing | 57 | $20,525,000 | $360,000 | $1,015,000 | $221,000 | $1,442,000 |
| 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 | 1,063 | $371,715,000 | $349,000 | $2,005,000 | $293,000 | $8,075,000 |
| Black or African American | 269 | $76,195,000 | $283,000 | $1,005,000 | $114,000 | $4,350,000 |
| Not Provided | 151 | $52,765,000 | $349,000 | $1,285,000 | $271,000 | $5,411,000 |
| Hispanic | 62 | $19,540,000 | $315,000 | $2,395,000 | $116,000 | $575,000 |
| Asian | 56 | $18,030,000 | $321,000 | $805,000 | $184,000 | $900,000 |
| Not applicable | 42 | $26,600,000 | $633,000 | $2,305,000 | $0 | $0 |
| American Indian or Alaskan Native | 10 | $4,510,000 | $451,000 | $1,255,000 | $187,000 | $1,167,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $400,000 | $200,000 | $305,000 | $70,000 | $90,000 |
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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,421 | $499,475,000 | $351,000 | $2,395,000 | $276,000 | $8,075,000 |
| FHA-insured (Federal Housing Administration) | 185 | $53,325,000 | $288,000 | $625,000 | $90,000 | $380,000 |
| VA-guaranteed (Veterans Administration) | 38 | $14,610,000 | $384,000 | $885,000 | $119,000 | $462,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 11 | $2,345,000 | $213,000 | $335,000 | $78,000 | $190,000 |
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 | 1,119 | $404,595,000 | $361,000 | $2,395,000 | $282,000 | $5,498,000 |
| Application Denied By Financial Institution | 287 | $74,085,000 | $258,000 | $1,005,000 | $136,000 | $5,411,000 |
| Application Withdrawn By Applicant | 198 | $70,290,000 | $355,000 | $1,255,000 | $179,000 | $1,522,000 |
| File Closed For Incompleteness | 36 | $13,790,000 | $383,000 | $1,155,000 | $318,000 | $3,250,000 |
| Application Approved But Not Accepted | 15 | $6,995,000 | $466,000 | $2,005,000 | $889,000 | $8,075,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,368 | $495,670,000 | $362,000 | $2,395,000 | $274,000 | $8,075,000 |
| Credit History | 161 | $40,595,000 | $252,000 | $1,005,000 | $145,000 | $4,980,000 |
| Debt-To-Income Ratio | 87 | $22,755,000 | $261,000 | $645,000 | $66,000 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 17 | $3,965,000 | $233,000 | $355,000 | $72,000 | $108,000 |
| Unverifiable Information | 8 | $2,890,000 | $361,000 | $565,000 | $181,000 | $528,000 |
| Collateral | 7 | $1,275,000 | $182,000 | $505,000 | $1,062,000 | $5,411,000 |
| Credit Application Incomplete | 3 | $855,000 | $285,000 | $355,000 | $71,000 | $96,000 |
| Employment History | 2 | $550,000 | $275,000 | $305,000 | $55,000 | $74,000 |
| Other | 2 | $1,200,000 | $600,000 | $885,000 | $133,000 | $193,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Southern First Bank's 2024 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 First 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 South Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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