The Southern Credit Union Mortgage Lending & HMDA Data, 2014
In 2014, The Southern Credit Union of Fayetteville, GA reported 420 mortgage applications totaling $57.5 million. The average application was for $137,019, and applicants reported an average income of $90,076. 13% of its applications resulted in an originated loan and 34% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (180), Cape Coral-Fort Myers, FL (2) and Columbus, GA-AL (2) (applications in parentheses).
| Mortgage Company & Address | The Southern Credit Union 430 East Lanier Avenue Fayetteville, GA 30214 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 420 |
| Total Mortgage Loan Application Amount | $57,548,000 |
| Average Mortgage Loan Application Amount | $137,019 |
| Highest Mortgage Loan Application Amount | $677,000 |
| Average Applicant Income | $90,076 |
| Highest Applicant Income | $972,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Southern Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fayette, Georgia | 44 | $ 7,305,000 | $ 166,022 | $ 103,000 |
| Coweta, Georgia | 33 | $ 3,899,000 | $ 118,151 | $ 100,000 |
| Henry, Georgia | 26 | $ 2,453,000 | $ 94,346 | $ 74,000 |
| Spalding, Georgia | 21 | $ 2,050,000 | $ 97,619 | $ 74,000 |
| Troup, Georgia | 14 | $ 1,090,000 | $ 77,857 | $ 69,000 |
| Fulton, Georgia | 12 | $ 1,968,000 | $ 164,000 | $ 131,000 |
| Pike, Georgia | 9 | $ 1,132,000 | $ 125,777 | $ 77,000 |
| Clayton, Georgia | 8 | $ 664,000 | $ 83,000 | $ 51,000 |
| Meriwether, Georgia | 6 | $ 584,000 | $ 97,333 | $ 55,000 |
| Cobb, Georgia | 4 | $ 563,000 | $ 140,750 | $ 146,000 |
| Carroll, Georgia | 3 | $ 359,000 | $ 119,666 | $ 77,000 |
| Heard, Georgia | 3 | $ 134,000 | $ 44,666 | $ 71,000 |
| Lee, Florida | 2 | $ 180,000 | $ 90,000 | $ 62,000 |
| Manatee, Florida | 2 | $ 477,000 | $ 238,500 | $ 166,000 |
| Volusia, Florida | 2 | $ 248,000 | $ 124,000 | $ 68,000 |
| Cherokee, Georgia | 2 | $ 487,000 | $ 243,500 | $ 85,000 |
| DeKalb, Georgia | 2 | $ 252,000 | $ 126,000 | $ 83,000 |
| Greene, Georgia | 2 | $ 834,000 | $ 417,000 | $ 972,000 |
| Gwinnett, Georgia | 2 | $ 356,000 | $ 178,000 | $ 73,000 |
| Harris, Georgia | 2 | $ 111,000 | $ 55,500 | $ 79,000 |
| Lamar, Georgia | 2 | $ 210,000 | $ 105,000 | $ 49,000 |
| Rockdale, Georgia | 2 | $ 230,000 | $ 115,000 | $ 73,000 |
| Baldwin, Alabama | 1 | $ 314,000 | $ 314,000 | $ 155,000 |
| Chambers, Alabama | 1 | $ 98,000 | $ 98,000 | $ 34,000 |
| Cleburne, Alabama | 1 | $ 163,000 | $ 163,000 | $ 169,000 |
| Lee, Alabama | 1 | $ 107,000 | $ 107,000 | $ 74,000 |
| Marshall, Alabama | 1 | $ 135,000 | $ 135,000 | $ 160,000 |
| Randolph, Alabama | 1 | $ 54,000 | $ 54,000 | $ 69,000 |
| St. Johns, Florida | 1 | $ 122,000 | $ 122,000 | $ 45,000 |
| St. Lucie, Florida | 1 | $ 60,000 | $ 60,000 | $ 239,000 |
| Bibb, Georgia | 1 | $ 118,000 | $ 118,000 | $ 65,000 |
| Chatham, Georgia | 1 | $ 200,000 | $ 200,000 | $ 172,000 |
| Forsyth, Georgia | 1 | $ 400,000 | $ 400,000 | $ 205,000 |
| Gilmer, Georgia | 1 | $ 176,000 | $ 176,000 | $ 74,000 |
| Laurens, Georgia | 1 | $ 137,000 | $ 137,000 | $ 95,000 |
| Lumpkin, Georgia | 1 | $ 120,000 | $ 120,000 | $ 62,000 |
| Taliaferro, Georgia | 1 | $ 77,000 | $ 77,000 | $ 47,000 |
| Tift, Georgia | 1 | $ 190,000 | $ 190,000 | $ 199,000 |
| Oldham, Kentucky | 1 | $ 43,000 | $ 43,000 | $ 340,000 |
| Montgomery, North Carolina | 1 | $ 226,000 | $ 226,000 | $ 93,000 |
| Hamilton, Tennessee | 1 | $ 200,000 | $ 200,000 | $ 152,000 |
Mortgage Loan Application Detail Totals for The Southern Credit Union in 2014
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 | 288 | $42,894,000 | $148,000 | $677,000 | $91,000 | $972,000 |
| Refinancing | 128 | $14,404,000 | $112,000 | $353,000 | $88,000 | $293,000 |
| Home Improvement | 4 | $250,000 | $62,000 | $95,000 | $90,000 | $136,000 |
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 | 227 | $31,009,000 | $136,000 | $564,000 | $100,000 | $972,000 |
| Not Provided | 107 | $15,291,000 | $142,000 | $677,000 | $85,000 | $365,000 |
| Black or African American | 73 | $9,360,000 | $128,000 | $362,000 | $66,000 | $239,000 |
| Asian | 6 | $1,085,000 | $180,000 | $361,000 | $87,000 | $135,000 |
| Hispanic | 5 | $594,000 | $118,000 | $272,000 | $44,000 | $69,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $105,000 | $105,000 | $105,000 | $144,000 | $144,000 |
| American Indian or Alaskan Native | 1 | $104,000 | $104,000 | $104,000 | $71,000 | $71,000 |
| 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) | 296 | $41,095,000 | $138,000 | $677,000 | $102,000 | $972,000 |
| FHA-insured (Federal Housing Administration) | 85 | $10,620,000 | $124,000 | $344,000 | $58,000 | $180,000 |
| VA-guaranteed (Veterans Administration) | 20 | $4,000,000 | $200,000 | $417,000 | $91,000 | $244,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 19 | $1,833,000 | $96,000 | $163,000 | $41,000 | $86,000 |
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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 142 | $16,542,000 | $116,000 | $344,000 | $65,000 | $270,000 |
| Application Withdrawn By Applicant | 126 | $20,504,000 | $162,000 | $677,000 | $110,000 | $972,000 |
| Loan Originated | 55 | $5,677,000 | $103,000 | $564,000 | $109,000 | $405,000 |
| Application Approved But Not Accepted | 47 | $7,148,000 | $152,000 | $416,000 | $85,000 | $365,000 |
| Preapproval Denied by Financial Institution | 25 | $3,391,000 | $135,000 | $417,000 | $68,000 | $240,000 |
| Preapproval Approved but not Accepted | 22 | $3,968,000 | $180,000 | $417,000 | $124,000 | $504,000 |
| File Closed For Incompleteness | 3 | $318,000 | $106,000 | $164,000 | $63,000 | $91,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Credit History | 64 | $7,270,000 | $113,000 | $417,000 | $65,000 | $240,000 |
| Debt-To-Income Ratio | 53 | $6,395,000 | $120,000 | $327,000 | $50,000 | $185,000 |
| Collateral | 26 | $3,081,000 | $118,000 | $245,000 | $91,000 | $270,000 |
| Unverifiable Information | 4 | $509,000 | $127,000 | $239,000 | $60,000 | $83,000 |
| Employment History | 3 | $337,000 | $112,000 | $152,000 | $118,000 | $179,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $256,000 | $128,000 | $196,000 | $90,000 | $122,000 |
| Mortgage Insurance Denied | 1 | $124,000 | $124,000 | $124,000 | $41,000 | $41,000 |
| Credit Application Incomplete | 1 | $280,000 | $280,000 | $280,000 | $87,000 | $87,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Southern Credit Union's 2014 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 Southern Credit Union'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.
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