Village Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, Village Bank & Trust of Austin, TX reported 157 mortgage applications totaling $31.2 million. The average application was for $198,968, and applicants reported an average income of $127,503. 82% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Austin-San Marcos, TX (142), Houston, TX (3) and Bryan-College Station, TX (1) (applications in parentheses).
| Mortgage Company & Address | Village Bank & Trust 1415 Ranch Road 620 South Austin, TX 78734 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 157 |
| Total Mortgage Loan Application Amount | $31,238,000 |
| Average Mortgage Loan Application Amount | $198,968 |
| Highest Mortgage Loan Application Amount | $630,000 |
| Average Applicant Income | $127,503 |
| Highest Applicant Income | $711,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Village Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Village Bank & Trust in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 77 | $15,356,000 | $199,000 | $630,000 | $120,000 | $420,000 |
| Home Purchase (one-to-four family) | 71 | $15,108,000 | $231,000 | $585,000 | $106,000 | $711,000 |
| Home Improvement (one-to-four family) | 9 | $774,000 | $86,000 | $244,000 | $162,000 | $264,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 148 | $29,204,000 | $223,000 | $630,000 | $107,500 | $711,000 |
| Other | 2 | $324,000 | $162,000 | $192,000 | $84,000 | $120,000 |
| Information not provided by applicant in mail or telephone application | 2 | $581,000 | $290,000 | $351,000 | $60,000 | $61,000 |
| Asian or Pacific Islander | 2 | $393,000 | $196,000 | $286,000 | $98,000 | $145,000 |
| American Indian or Alaskan Native | 1 | $160,000 | $160,000 | $160,000 | $73,000 | $73,000 |
| Hispanic | 1 | $100,000 | $100,000 | $100,000 | $68,000 | $68,000 |
| Not applicable | 1 | $476,000 | $476,000 | $476,000 | $405,000 | $405,000 |
| Black | 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) | 156 | $31,118,000 | $224,500 | $630,000 | $107,000 | $711,000 |
| FHA-insured (Federal Housing Administration) | 1 | $120,000 | $120,000 | $120,000 | $40,000 | $40,000 |
| 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 | 128 | $25,354,000 | $223,500 | $585,000 | $112,500 | $711,000 |
| Application Approved But Not Accepted | 20 | $4,505,000 | $225,000 | $630,000 | $137,000 | $286,000 |
| Application Withdrawn By Applicant | 6 | $888,000 | $148,000 | $293,000 | $101,000 | $175,000 |
| Application Denied By Financial Institution | 3 | $491,000 | $163,000 | $351,000 | $39,000 | $61,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Village Bank & Trust's 2003 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 Village Bank & Trust'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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