Sumner Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, Sumner Bank & Trust of Gallatin, TN reported 79 mortgage applications totaling $16.1 million, up 1% from 2017. The average application was for $203,354, and applicants reported an average income of $274,215. 72% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (73), Clarksville, TN-KY (4) and Chattanooga, TN-GA (1) (applications in parentheses).
| 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 | 79 |
| Total Mortgage Loan Application Amount | $16,065,000 |
| Average Mortgage Loan Application Amount | $203,354 |
| Highest Mortgage Loan Application Amount | $1,455,000 |
| Average Applicant Income | $274,215 |
| 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Act (HMDA) records Sumner Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Sumner Bank & Trust 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 | 54 | $11,570,000 | $214,000 | $1,455,000 | $316,000 | $4,585,000 |
| Cash-out Refinancing | 11 | $2,685,000 | $244,000 | $665,000 | $207,000 | $954,000 |
| Other Purpose | 8 | $1,220,000 | $152,000 | $525,000 | $165,000 | $536,000 |
| Refinancing | 3 | $485,000 | $161,000 | $285,000 | $278,000 | $278,000 |
| Home Improvement | 3 | $105,000 | $35,000 | $55,000 | $56,000 | $64,000 |
| 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 | 51 | $10,875,000 | $213,000 | $1,455,000 | $282,000 | $4,585,000 |
| Not applicable | 21 | $4,365,000 | $207,000 | $425,000 | $0 | $0 |
| Black or African American | 4 | $290,000 | $72,000 | $175,000 | $83,000 | $215,000 |
| Asian | 1 | $105,000 | $105,000 | $105,000 | $35,000 | $35,000 |
| Not Provided | 1 | $105,000 | $105,000 | $105,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 79 | $16,065,000 | $203,000 | $1,455,000 | $263,000 | $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 | 57 | $12,205,000 | $214,000 | $1,455,000 | $334,000 | $4,585,000 |
| Application Approved But Not Accepted | 10 | $1,560,000 | $156,000 | $305,000 | $108,000 | $341,000 |
| Application Denied By Financial Institution | 6 | $860,000 | $143,000 | $175,000 | $107,000 | $278,000 |
| Application Withdrawn By Applicant | 4 | $990,000 | $247,000 | $335,000 | $96,000 | $96,000 |
| File Closed For Incompleteness | 2 | $450,000 | $225,000 | $255,000 | $103,000 | $174,000 |
| 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 | 73 | $15,205,000 | $208,000 | $1,455,000 | $279,000 | $4,585,000 |
| Credit History | 4 | $530,000 | $132,000 | $145,000 | $114,000 | $278,000 |
| Debt-To-Income Ratio | 2 | $330,000 | $165,000 | $175,000 | $80,000 | $80,000 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sumner Bank & Trust'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 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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