Valley Mortgage/Tsb Mortgage Mortgage Lending & HMDA Data, 2005
In 2005, Valley Mortgage/Tsb Mortgage of McAllen, TX reported 1,344 mortgage applications totaling $152.2 million. The average application was for $113,247, and applicants reported an average income of $79,872. 95% of its applications resulted in an originated loan and 1% were denied. Its largest markets were McAllen-Edinburg-Pharr, TX (627), Brownsville-Harlingen, TX (190) and Laredo, TX (175) (applications in parentheses).
| Mortgage Company & Address | Valley Mortgage/Tsb Mortgage 1319 North 10th Street McAllen, TX 78501 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 |
| Total Number of Mortgage Applications | 1,344 |
| Total Mortgage Loan Application Amount | $152,204,000 |
| Average Mortgage Loan Application Amount | $113,247 |
| Highest Mortgage Loan Application Amount | $910,000 |
| Average Applicant Income | $79,872 |
| Highest Applicant Income | $658,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Valley Mortgage/Tsb Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Valley Mortgage/Tsb Mortgage in 2005
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 | 1,065 | $115,085,000 | $108,000 | $710,000 | $77,000 | $658,000 |
| Refinancing | 277 | $36,936,000 | $133,000 | $910,000 | $91,000 | $487,000 |
| Home Improvement | 2 | $183,000 | $91,000 | $117,000 | $68,000 | $74,000 |
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 | 929 | $97,263,000 | $104,000 | $710,000 | $62,000 | $444,000 |
| White | 381 | $50,702,000 | $133,000 | $910,000 | $98,000 | $487,000 |
| Asian | 15 | $2,161,000 | $144,000 | $260,000 | $77,000 | $146,000 |
| Black or African American | 14 | $1,470,000 | $105,000 | $210,000 | $86,000 | $658,000 |
| Not Provided | 3 | $369,000 | $123,000 | $190,000 | $112,000 | $156,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $239,000 | $119,000 | $154,000 | $82,000 | $84,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 696 | $88,662,000 | $127,000 | $910,000 | $100,000 | $658,000 |
| FHA-insured (Federal Housing Administration) | 573 | $54,281,000 | $94,000 | $253,000 | $51,000 | $156,000 |
| VA-guaranteed (Veterans Administration) | 75 | $9,261,000 | $123,000 | $255,000 | $61,000 | $137,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 1,275 | $144,309,000 | $113,000 | $910,000 | $84,000 | $658,000 |
| Application Withdrawn By Applicant | 49 | $5,956,000 | $121,000 | $360,000 | $61,000 | $330,000 |
| Application Denied By Financial Institution | 15 | $1,593,000 | $106,000 | $304,000 | $71,000 | $276,000 |
| File Closed For Incompleteness | 5 | $346,000 | $69,000 | $97,000 | $43,000 | $70,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 3 | $386,000 | $128,000 | $229,000 | $153,000 | $276,000 |
| Credit History | 2 | $146,000 | $73,000 | $85,000 | $42,000 | $57,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $108,000 | $108,000 | $108,000 | $64,000 | $64,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 Valley Mortgage/Tsb Mortgage's 2005 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 Valley Mortgage/Tsb Mortgage'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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