Martin County, TX Mortgage Lenders & HMDA Data, 2008

In 2008, lenders reported 86 mortgage applications in Martin County, TX totaling $7.0 million, down 34% from 2007. The average application was for $81,000, and applicants reported an average income of $59,000. 42% of applications resulted in an originated loan and 30% were denied. The most active lender was Community National Bank, with 11 applications, followed by Gmac Mortgage LLC and Beneficial Company LLC.

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Total Number of Mortgage Applications 86
Total Mortgage Loan Application Amount $6,967,000
Average Mortgage Loan Application Amount $81,000
Highest Mortgage Loan Application Amount $272,000
Average Applicant Income $59,000
Highest Applicant Income $145,000
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Top Mortgage Lenders in Martin County, TX (2008)

Ranked by the number of mortgage applications each lender reported in Martin County, TX in 2008.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Community National Bank
Midland, TX
11 $669,000 $60,000 $54,000
2 Gmac Mortgage LLC
Ft. Washington, PA
10 $705,000 $70,000 $29,000
3 Beneficial Company LLC
Mettawa, IL
6 $245,000 $40,000 $67,000
4 Citifinancial Inc
Baltimore, MD
5 $149,000 $29,000 $41,000
5 JPMorgan Chase Bank, NA
Columbus, OH
5 $685,000 $137,000 $40,000
6 Wells Fargo Bank, NA
Des Moines, IA
5 $516,000 $103,000 $91,000
7 Capital One NA
Baton Rouge, LA
4 $43,000 $10,000 $59,000
8 Countrywide Bank FSB
Westlake Village, CA
4 $324,000 $81,000 $80,000
9 Lrs Financial Network, Inc.
Midland, TX
3 $416,000 $138,000 $85,000
10 Firstcapital Bank of Texas, National Association
Amarillo, TX
3 $302,000 $100,000 $49,000

See every lender active in Martin County, TX in 2008 »

The tables below break down 2008 mortgage applications in Martin County, TX by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Martin County, TX in 2008

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 39 $4,498,000 $115,000 $272,000 $61,000 $132,000
Refinancing 24 $2,030,000 $84,000 $240,000 $62,000 $130,000
Home Improvement 23 $439,000 $19,000 $70,000 $54,000 $145,000

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 51 $4,550,000 $89,000 $254,000 $65,000 $145,000
Hispanic 17 $938,000 $55,000 $240,000 $59,000 $130,000
Not Provided 9 $714,000 $79,000 $272,000 $70,000 $120,000
Not applicable 8 $763,000 $95,000 $168,000 $17,000 $70,000
Black or African American 1 $2,000 $2,000 $2,000 $8,000 $8,000
Native Hawaiian 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) 71 $5,257,000 $74,000 $272,000 $62,000 $145,000
FHA-insured (Federal Housing Administration) 11 $1,310,000 $119,000 $165,000 $56,000 $109,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $232,000 $116,000 $168,000 $0 $0
VA-guaranteed (Veterans Administration) 2 $168,000 $84,000 $102,000 $43,000 $52,000

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
Loan Originated 36 $3,224,000 $89,000 $253,000 $73,000 $145,000
Application Denied By Financial Institution 26 $1,296,000 $49,000 $272,000 $52,000 $111,000
Loan Purchased By The Institution 13 $1,407,000 $108,000 $254,000 $36,000 $117,000
Application Withdrawn By Applicant 6 $687,000 $114,000 $240,000 $43,000 $105,000
Application Approved But Not Accepted 4 $239,000 $59,000 $122,000 $78,000 $109,000
File Closed For Incompleteness 1 $114,000 $114,000 $114,000 $86,000 $86,000
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
Credit History 9 $247,000 $27,000 $132,000 $48,000 $100,000
Other 4 $206,000 $51,000 $126,000 $41,000 $57,000
Collateral 2 $304,000 $152,000 $272,000 $79,000 $80,000
Credit Application Incomplete 1 $120,000 $120,000 $120,000 $105,000 $105,000
Debt-To-Income Ratio 1 $94,000 $94,000 $94,000 $111,000 $111,000
Employment History 1 $20,000 $20,000 $20,000 $24,000 $24,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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