Vermilion Bank & Trust Company Mortgage Lending & HMDA Data, 2018
In 2018, Vermilion Bank & Trust Company of Kaplan, LA reported 78 mortgage applications totaling $4.1 million, down 26% from 2017. The average application was for $52,435, and applicants reported an average income of $89,346. 94% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Lafayette, LA (75) and Lake Charles, LA (1).
| Mortgage Company & Address | Vermilion Bank & Trust Company 420 N Cushing Ave Kaplan, LA 70548 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 78 |
| Total Mortgage Loan Application Amount | $4,090,000 |
| Average Mortgage Loan Application Amount | $52,435 |
| Highest Mortgage Loan Application Amount | $245,000 |
| Average Applicant Income | $89,346 |
| Highest Applicant Income | $342,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Vermilion Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Vermilion, Louisiana | 64 | $ 2,750,000 | $ 42,968 | $ 87,000 |
| Lafayette, Louisiana | 7 | $ 885,000 | $ 126,428 | $ 146,000 |
| Acadia, Louisiana | 3 | $ 205,000 | $ 68,333 | $ 61,000 |
| Jefferson Davis, Louisiana | 2 | $ 100,000 | $ 50,000 | $ 42,000 |
| Calcasieu, Louisiana | 1 | $ 135,000 | $ 135,000 | $ 100,000 |
| Iberia, Louisiana | 1 | $ 15,000 | $ 15,000 | $ 110,000 |
Mortgage Loan Application Detail Totals for Vermilion Bank & Trust Company 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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 32 | $1,450,000 | $45,000 | $175,000 | $81,000 | $272,000 |
| Home Purchase | 18 | $1,150,000 | $63,000 | $215,000 | $93,000 | $342,000 |
| Refinancing | 18 | $1,200,000 | $66,000 | $245,000 | $100,000 | $222,000 |
| Home Improvement | 7 | $125,000 | $17,000 | $25,000 | $96,000 | $162,000 |
| Other Purpose | 3 | $165,000 | $55,000 | $75,000 | $77,000 | $149,000 |
| Not Applicable | 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 | 62 | $3,010,000 | $48,000 | $185,000 | $88,000 | $342,000 |
| Black or African American | 7 | $105,000 | $15,000 | $25,000 | $54,000 | $79,000 |
| Asian | 5 | $575,000 | $115,000 | $245,000 | $147,000 | $272,000 |
| Not applicable | 3 | $375,000 | $125,000 | $215,000 | $0 | $0 |
| Hispanic | 1 | $25,000 | $25,000 | $25,000 | $90,000 | $90,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 78 | $4,090,000 | $52,000 | $245,000 | $89,000 | $342,000 |
| 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 | 73 | $3,895,000 | $53,000 | $245,000 | $92,000 | $342,000 |
| Application Denied By Financial Institution | 5 | $195,000 | $39,000 | $75,000 | $39,000 | $54,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 73 | $3,895,000 | $53,000 | $245,000 | $92,000 | $342,000 |
| Credit History | 4 | $150,000 | $37,000 | $75,000 | $46,000 | $54,000 |
| Debt-To-Income Ratio | 1 | $45,000 | $45,000 | $45,000 | $20,000 | $20,000 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Vermilion Bank & Trust Company'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 Vermilion Bank & Trust 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 Louisiana, download the full spreadsheet
with aggregated HMDA statistics today.
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