Tc Federal Bank Mortgage Lending & HMDA Data, 2023
In 2023, Tc Federal Bank of Thomasville, GA reported 68 mortgage applications totaling $19.7 million, down 57% from 2022. The average application was for $290,294, and applicants reported an average income of $189,088. 65% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Tallahassee, FL (35), Savannah, GA (4) and Crestview-Fort Walton Beach-Destin, FL (2) (applications in parentheses).
| Mortgage Company & Address | Tc Federal Bank 131 S Dawson St Thomasville, GA 31799 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 2020 2019 2018 |
| Total Number of Mortgage Applications | 68 |
| Total Mortgage Loan Application Amount | $19,740,000 |
| Average Mortgage Loan Application Amount | $290,294 |
| Highest Mortgage Loan Application Amount | $1,275,000 |
| Average Applicant Income | $189,088 |
| Highest Applicant Income | $1,115,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Tc Federal Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Tallahassee, FL | 35 | $ 11,415,000 | $ 326,142 | $ 164,000 |
| Outside any metro area | 24 | $ 3,960,000 | $ 165,000 | $ 143,750 |
| Savannah, GA | 4 | $ 1,590,000 | $ 397,500 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 1,260,000 | $ 630,000 | $ 659,000 |
| Athens-Clarke County, GA | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 245,000 | $ 245,000 | $ 93,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 845,000 | $ 845,000 | $ 146,000 |
Mortgage Loan Application Detail Totals for Tc Federal Bank in 2023
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 | 49 | $15,415,000 | $314,000 | $1,275,000 | $225,000 | $1,115,000 |
| Cash-out Refinancing | 11 | $1,725,000 | $156,000 | $375,000 | $107,000 | $240,000 |
| Other Purpose | 4 | $1,050,000 | $262,000 | $845,000 | $83,000 | $146,000 |
| Refinancing | 4 | $1,550,000 | $387,000 | $985,000 | $81,000 | $117,000 |
| Home Improvement | 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 | 31 | $9,035,000 | $291,000 | $895,000 | $177,000 | $1,115,000 |
| Not applicable | 23 | $7,435,000 | $323,000 | $1,275,000 | $0 | $0 |
| Black or African American | 8 | $670,000 | $83,000 | $195,000 | $83,000 | $279,000 |
| Not Provided | 3 | $1,165,000 | $388,000 | $555,000 | $334,000 | $776,000 |
| Hispanic | 2 | $1,230,000 | $615,000 | $725,000 | $292,000 | $392,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 68 | $19,740,000 | $290,000 | $1,275,000 | $176,000 | $1,115,000 |
| 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 | 44 | $14,390,000 | $327,000 | $1,275,000 | $237,000 | $1,115,000 |
| Application Denied By Financial Institution | 12 | $2,200,000 | $183,000 | $845,000 | $108,000 | $203,000 |
| Application Withdrawn By Applicant | 11 | $2,425,000 | $220,000 | $715,000 | $104,000 | $192,000 |
| File Closed For Incompleteness | 1 | $725,000 | $725,000 | $725,000 | $392,000 | $392,000 |
| Application Approved But Not Accepted | 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 | $17,540,000 | $313,000 | $1,275,000 | $201,000 | $1,115,000 |
| Other | 6 | $640,000 | $106,000 | $145,000 | $112,000 | $132,000 |
| Debt-To-Income Ratio | 4 | $1,340,000 | $335,000 | $845,000 | $99,000 | $203,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $195,000 | $195,000 | $195,000 | $48,000 | $48,000 |
| Credit History | 1 | $25,000 | $25,000 | $25,000 | $180,000 | $180,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 Tc Federal Bank's 2023 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 Tc Federal 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.
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