The Bank of Clarendon Mortgage Lending & HMDA Data, 2018
In 2018, The Bank of Clarendon of Manning, SC reported 66 mortgage applications totaling $5.8 million, down 20% from 2017. The average application was for $87,727, and applicants reported an average income of $243,651. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Sumter, SC (31), Florence, SC (2) and Columbia, SC (1) (applications in parentheses).
| Mortgage Company & Address | The Bank of Clarendon 106 S Brooks St Manning, SC 29102 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 |
| Total Number of Mortgage Applications | 66 |
| Total Mortgage Loan Application Amount | $5,790,000 |
| Average Mortgage Loan Application Amount | $87,727 |
| Highest Mortgage Loan Application Amount | $295,000 |
| Average Applicant Income | $243,651 |
| Highest Applicant Income | $2,614,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Bank of Clarendon filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 31 | $ 2,855,000 | $ 92,096 | $ 121,000 |
| Sumter, SC | 31 | $ 2,405,000 | $ 77,580 | $ 345,000 |
| Florence, SC | 2 | $ 200,000 | $ 100,000 | $ 238,000 |
| Columbia, SC | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 195,000 | $ 195,000 | $ 877,000 |
Mortgage Loan Application Detail Totals for The Bank of Clarendon 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 | 31 | $3,025,000 | $97,000 | $295,000 | $341,000 | $2,614,000 |
| Refinancing | 21 | $2,015,000 | $95,000 | $195,000 | $188,000 | $877,000 |
| Cash-out Refinancing | 9 | $535,000 | $59,000 | $115,000 | $68,000 | $106,000 |
| Home Improvement | 5 | $215,000 | $43,000 | $105,000 | $190,000 | $681,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 48 | $4,350,000 | $90,000 | $295,000 | $168,000 | $877,000 |
| Not applicable | 8 | $770,000 | $96,000 | $175,000 | $0 | $0 |
| Black or African American | 8 | $500,000 | $62,000 | $115,000 | $656,000 | $2,614,000 |
| Asian | 2 | $170,000 | $85,000 | $115,000 | $172,000 | $304,000 |
| 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 |
| 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) | 66 | $5,790,000 | $87,000 | $295,000 | $237,000 | $2,614,000 |
| 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 | 66 | $5,790,000 | $87,000 | $295,000 | $237,000 | $2,614,000 |
| 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 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 66 | $5,790,000 | $87,000 | $295,000 | $237,000 | $2,614,000 |
| 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 |
| Not applicable | 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 The Bank of Clarendon'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 The Bank of Clarendon'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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