Sumner Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, Sumner Bank & Trust of Gallatin, TN reported 59 mortgage applications totaling $10.4 million, down 25% from 2018. The average application was for $176,355, and applicants reported an average income of $527,525. 92% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (54) and Clarksville, TN-KY (3).
| Mortgage Company & Address | Sumner Bank & Trust 240 W Broadway Gallatin, TN 37066 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 59 |
| Total Mortgage Loan Application Amount | $10,405,000 |
| Average Mortgage Loan Application Amount | $176,355 |
| Highest Mortgage Loan Application Amount | $1,005,000 |
| Average Applicant Income | $527,525 |
| Highest Applicant Income | $4,585,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sumner Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN | 54 | $ 9,540,000 | $ 176,666 | $ 419,000 |
| Clarksville, TN-KY | 3 | $ 385,000 | $ 128,333 | $ 94,000 |
| Outside any metro area | 2 | $ 480,000 | $ 240,000 | $ 4,585,000 |
Mortgage Loan Application Detail Totals for Sumner Bank & Trust in 2019
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 | 36 | $6,470,000 | $179,000 | $855,000 | $748,000 | $4,585,000 |
| Refinancing | 14 | $2,190,000 | $156,000 | $425,000 | $229,000 | $954,000 |
| Other Purpose | 6 | $1,410,000 | $235,000 | $1,005,000 | $118,000 | $166,000 |
| Home Improvement | 3 | $335,000 | $111,000 | $255,000 | $94,000 | $108,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 43 | $7,645,000 | $177,000 | $1,005,000 | $548,000 | $4,585,000 |
| Not applicable | 11 | $1,935,000 | $175,000 | $305,000 | $0 | $0 |
| Black or African American | 2 | $150,000 | $75,000 | $105,000 | $85,000 | $92,000 |
| Hispanic | 2 | $560,000 | $280,000 | $365,000 | $81,000 | $82,000 |
| Asian | 1 | $115,000 | $115,000 | $115,000 | $35,000 | $35,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 59 | $10,405,000 | $176,000 | $1,005,000 | $499,000 | $4,585,000 |
| 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 | 54 | $9,590,000 | $177,000 | $1,005,000 | $545,000 | $4,585,000 |
| Application Denied By Financial Institution | 3 | $395,000 | $131,000 | $285,000 | $60,000 | $78,000 |
| Application Withdrawn By Applicant | 1 | $255,000 | $255,000 | $255,000 | $108,000 | $108,000 |
| Application Approved But Not Accepted | 1 | $165,000 | $165,000 | $165,000 | $198,000 | $198,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 56 | $10,010,000 | $178,000 | $1,005,000 | $528,000 | $4,585,000 |
| Debt-To-Income Ratio | 2 | $110,000 | $55,000 | $105,000 | $60,000 | $78,000 |
| Employment History | 1 | $285,000 | $285,000 | $285,000 | $60,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 |
| 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 Sumner Bank & Trust's 2019 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 Sumner Bank & Trust'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 Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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