Trans Texas Southwest C U Mortgage Lending & HMDA Data, 2016
In 2016, Trans Texas Southwest C U of San Angelo, TX reported 89 mortgage applications totaling $6.8 million, down 12% from 2015. The average application was for $76,460, and applicants reported an average income of $63,730. 55% of its applications resulted in an originated loan and 40% were denied. Its largest markets were San Angelo, TX (69), Abilene, TX (1) and Amarillo, TX (1) (applications in parentheses).
| Mortgage Company & Address | Trans Texas Southwest C U 3401 Loop 306 San Angelo, TX 76904 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 |
| Total Number of Mortgage Applications | 89 |
| Total Mortgage Loan Application Amount | $6,805,000 |
| Average Mortgage Loan Application Amount | $76,460 |
| Highest Mortgage Loan Application Amount | $229,000 |
| Average Applicant Income | $63,730 |
| Highest Applicant Income | $438,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Trans Texas Southwest C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| San Angelo, TX | 69 | $ 5,533,000 | $ 80,188 | $ 64,000 |
| Abilene, TX | 1 | $ 88,000 | $ 88,000 | $ 88,000 |
| Amarillo, TX | 1 | $ 120,000 | $ 120,000 | $ 148,000 |
Mortgage Loan Application Detail Totals for Trans Texas Southwest C U in 2016
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 | 46 | $3,936,000 | $85,000 | $228,000 | $50,000 | $148,000 |
| Refinancing | 27 | $2,018,000 | $74,000 | $229,000 | $84,000 | $438,000 |
| Home Improvement | 16 | $851,000 | $53,000 | $186,000 | $69,000 | $306,000 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 46 | $2,444,000 | $53,000 | $130,000 | $50,000 | $306,000 |
| White | 39 | $4,036,000 | $103,000 | $229,000 | $82,000 | $438,000 |
| Black or African American | 2 | $225,000 | $112,000 | $156,000 | $88,000 | $137,000 |
| Not applicable | 2 | $100,000 | $50,000 | $60,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin 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) | 89 | $6,805,000 | $76,000 | $229,000 | $64,000 | $438,000 |
| 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 | 49 | $3,449,000 | $70,000 | $229,000 | $70,000 | $438,000 |
| Application Denied By Financial Institution | 36 | $2,939,000 | $81,000 | $228,000 | $53,000 | $306,000 |
| Application Withdrawn By Applicant | 4 | $417,000 | $104,000 | $200,000 | $78,000 | $142,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 14 | $1,258,000 | $89,000 | $228,000 | $44,000 | $108,000 |
| Credit History | 12 | $940,000 | $78,000 | $200,000 | $69,000 | $306,000 |
| Employment History | 4 | $163,000 | $40,000 | $105,000 | $35,000 | $75,000 |
| Credit Application Incomplete | 3 | $440,000 | $146,000 | $225,000 | $66,000 | $116,000 |
| Collateral | 1 | $41,000 | $41,000 | $41,000 | $56,000 | $56,000 |
| Unverifiable Information | 1 | $32,000 | $32,000 | $32,000 | $26,000 | $26,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $65,000 | $65,000 | $65,000 | $36,000 | $36,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Trans Texas Southwest C U's 2016 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 Trans Texas Southwest C U'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 Texas, download the full spreadsheet
with aggregated HMDA statistics today.
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