Terrace Mortgage Company Mortgage Lending & HMDA Data, 2013
In 2013, Terrace Mortgage Company of Atlanta, GA reported 953 mortgage applications totaling $236.5 million, down 63% from 2012. The average application was for $248,121, and applicants reported an average income of $115,977. 78% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (406), Washington-Arlington-Alexandria, DC-VA-MD-WV (133) and Bethesda-Rockville-Frederick, MD (41) (applications in parentheses).
| Mortgage Company & Address | Terrace Mortgage Company 900 Ashwood Pkwy. Ste. 130 Atlanta, GA 30338 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 |
| Total Number of Mortgage Applications | 953 |
| Total Mortgage Loan Application Amount | $236,460,000 |
| Average Mortgage Loan Application Amount | $248,121 |
| Highest Mortgage Loan Application Amount | $626,000 |
| Average Applicant Income | $115,977 |
| Highest Applicant Income | $946,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Terrace Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Marietta, GA | 406 | $ 99,827,000 | $ 245,879 | $ 123,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 133 | $ 40,716,000 | $ 306,135 | $ 130,135 |
| Bethesda-Rockville-Frederick, MD | 41 | $ 10,367,000 | $ 252,853 | $ 108,000 |
| Boston-Quincy, MA | 36 | $ 9,494,000 | $ 263,722 | $ 106,000 |
| Cambridge-Newton-Framingham, MA | 30 | $ 7,146,000 | $ 238,200 | $ 99,000 |
| Baltimore-Towson, MD | 21 | $ 5,895,000 | $ 280,714 | $ 132,000 |
| Anderson, SC | 18 | $ 2,337,000 | $ 129,833 | $ 69,000 |
| Portland-South Portland-Biddeford, ME | 16 | $ 2,748,000 | $ 171,750 | $ 52,000 |
| Hartford-West Hartford-East Hartford, CT | 12 | $ 2,958,000 | $ 246,500 | $ 137,000 |
| New Haven-Milford, CT | 11 | $ 2,240,000 | $ 203,636 | $ 84,000 |
| Tampa-St. Petersburg-Clearwater, FL | 11 | $ 1,522,000 | $ 138,363 | $ 54,000 |
| Bridgeport-Stamford-Norwalk, CT | 9 | $ 3,301,000 | $ 366,777 | $ 132,000 |
| Gainesville, GA | 9 | $ 1,712,000 | $ 190,222 | $ 78,000 |
| Jacksonville, FL | 9 | $ 2,058,000 | $ 228,666 | $ 101,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 9 | $ 2,195,000 | $ 243,888 | $ 111,000 |
| Chicago-Joliet-Naperville, IL | 7 | $ 2,129,000 | $ 304,142 | $ 158,000 |
| Greenville-Mauldin-Easley, SC | 7 | $ 1,357,000 | $ 193,857 | $ 82,000 |
| Norwich-New London, CT | 7 | $ 1,517,000 | $ 216,714 | $ 88,000 |
| Peabody, MA | 7 | $ 2,199,000 | $ 314,142 | $ 125,000 |
| Providence-New Bedford-Fall River, RI-MA | 7 | $ 1,792,000 | $ 256,000 | $ 120,000 |
| Charleston-North Charleston-Summerville, SC | 5 | $ 1,028,000 | $ 205,600 | $ 96,000 |
| Columbus, GA-AL | 5 | $ 972,000 | $ 194,400 | $ 81,800 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 5 | $ 1,471,000 | $ 294,200 | $ 90,000 |
| Augusta-Richmond County, GA-SC | 4 | $ 663,000 | $ 165,750 | $ 89,000 |
| Knoxville, TN | 4 | $ 874,000 | $ 218,500 | $ 64,000 |
| Savannah, GA | 4 | $ 815,000 | $ 203,750 | $ 60,000 |
| Athens-Clarke County, GA | 3 | $ 700,000 | $ 233,333 | $ 126,000 |
| Barnstable Town, MA | 3 | $ 1,061,000 | $ 353,666 | $ 179,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 779,000 | $ 259,666 | $ 165,000 |
| Dallas-Plano-Irving, TX | 3 | $ 786,000 | $ 262,000 | $ 154,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 522,000 | $ 174,000 | $ 70,000 |
| Worcester, MA | 3 | $ 476,000 | $ 158,666 | $ 71,000 |
| Blacksburg-Christiansburg-Radford, VA | 2 | $ 711,000 | $ 355,500 | $ 172,000 |
| Chattanooga, TN-GA | 2 | $ 472,000 | $ 236,000 | $ 85,000 |
| Denver-Aurora-Broomfield, CO | 2 | $ 403,000 | $ 201,500 | $ 75,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 391,000 | $ 195,500 | $ 80,000 |
| Greensboro-High Point, NC | 2 | $ 674,000 | $ 337,000 | $ 89,000 |
| Macon, GA | 2 | $ 607,000 | $ 303,500 | $ 123,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 408,000 | $ 204,000 | $ 116,000 |
| Rockingham County-Strafford County, NH | 2 | $ 393,000 | $ 196,500 | $ 111,000 |
| Spartanburg, SC | 2 | $ 323,000 | $ 161,500 | $ 38,000 |
| Winchester, VA-WV | 2 | $ 784,000 | $ 392,000 | $ 105,000 |
| Albany, GA | 1 | $ 215,000 | $ 215,000 | $ 71,000 |
| Asheville, NC | 1 | $ 144,000 | $ 144,000 | $ 120,000 |
| Austin-Round Rock-San Marcos, TX | 1 | $ 350,000 | $ 350,000 | $ 115,000 |
| Brunswick, GA | 1 | $ 107,000 | $ 107,000 | $ 65,000 |
| Charlottesville, VA | 1 | $ 358,000 | $ 358,000 | $ 124,000 |
| Colorado Springs, CO | 1 | $ 334,000 | $ 334,000 | $ 130,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 135,000 | $ 135,000 | $ 140,000 |
| Greeley, CO | 1 | $ 196,000 | $ 196,000 | $ 104,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 324,000 | $ 324,000 | $ 95,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 390,000 | $ 390,000 | $ 173,000 |
| Lakeland-Winter Haven, FL | 1 | $ 89,000 | $ 89,000 | $ 61,000 |
| Manchester-Nashua, NH | 1 | $ 159,000 | $ 159,000 | $ 178,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 340,000 | $ 340,000 | $ 165,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 180,000 | $ 180,000 | $ 217,000 |
| North Port-Bradenton-Sarasota, FL | 1 | $ 183,000 | $ 183,000 | $ 261,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 140,000 | $ 140,000 | $ 38,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 1 | $ 139,000 | $ 139,000 | $ 42,000 |
| Philadelphia, PA | 1 | $ 324,000 | $ 324,000 | $ 132,000 |
| Port St. Lucie, FL | 1 | $ 331,000 | $ 331,000 | $ 387,000 |
| Raleigh-Cary, NC | 1 | $ 171,000 | $ 171,000 | $ 41,000 |
| Richmond, VA | 1 | $ 100,000 | $ 100,000 | $ 58,000 |
| Rome, GA | 1 | $ 67,000 | $ 67,000 | $ 30,000 |
| Springfield, MA | 1 | $ 231,000 | $ 231,000 | $ 92,000 |
Mortgage Loan Application Detail Totals for Terrace Mortgage Company in 2013
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 |
|---|---|---|---|---|---|---|
| Refinancing | 773 | $195,143,000 | $252,000 | $626,000 | $119,000 | $946,000 |
| Home Purchase | 180 | $41,317,000 | $229,000 | $548,000 | $103,000 | $306,000 |
| 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 | 789 | $197,188,000 | $249,000 | $620,000 | $119,000 | $946,000 |
| Asian | 66 | $15,494,000 | $234,000 | $417,000 | $97,000 | $393,000 |
| Not Provided | 54 | $13,556,000 | $251,000 | $626,000 | $115,000 | $351,000 |
| Black or African American | 30 | $7,066,000 | $235,000 | $626,000 | $87,000 | $190,000 |
| Hispanic | 12 | $2,624,000 | $218,000 | $417,000 | $123,000 | $182,000 |
| American Indian or Alaskan Native | 2 | $532,000 | $266,000 | $382,000 | $46,000 | $93,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 870 | $221,950,000 | $255,000 | $626,000 | $122,000 | $946,000 |
| FHA-insured (Federal Housing Administration) | 46 | $8,797,000 | $191,000 | $553,000 | $58,000 | $185,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 37 | $5,713,000 | $154,000 | $319,000 | $52,000 | $209,000 |
| 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 | 742 | $187,931,000 | $253,000 | $626,000 | $121,000 | $946,000 |
| Application Withdrawn By Applicant | 135 | $31,643,000 | $234,000 | $548,000 | $108,000 | $792,000 |
| Application Denied By Financial Institution | 59 | $12,320,000 | $208,000 | $620,000 | $76,000 | $246,000 |
| File Closed For Incompleteness | 13 | $3,808,000 | $292,000 | $626,000 | $138,000 | $351,000 |
| Application Approved But Not Accepted | 4 | $758,000 | $189,000 | $310,000 | $69,000 | $108,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 20 | $4,325,000 | $216,000 | $620,000 | $64,000 | $154,000 |
| Collateral | 13 | $2,983,000 | $229,000 | $406,000 | $88,000 | $218,000 |
| Credit History | 11 | $1,253,000 | $113,000 | $187,000 | $52,000 | $146,000 |
| Other | 4 | $822,000 | $205,000 | $240,000 | $137,000 | $242,000 |
| Employment History | 4 | $1,156,000 | $289,000 | $370,000 | $86,000 | $130,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $227,000 | $227,000 | $227,000 | $95,000 | $95,000 |
| Credit Application Incomplete | 1 | $125,000 | $125,000 | $125,000 | $64,000 | $64,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Terrace Mortgage Company's 2013 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 Terrace Mortgage Company'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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About