Martinsville City, VA Mortgage Lenders & HMDA Data, 2013

In 2013, lenders reported 378 mortgage applications in Martinsville City, VA totaling $31.4 million, down 7% from 2012. The average application was for $83,000, and applicants reported an average income of $52,000. 46% of applications resulted in an originated loan and 26% were denied. The most active lender was Suntrust Mortgage, Inc., with 42 applications, followed by Truist Bank and Suntrust Bank.

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Total Number of Mortgage Applications 378
Total Mortgage Loan Application Amount $31,396,000
Average Mortgage Loan Application Amount $83,000
Highest Mortgage Loan Application Amount $1,007,000
Average Applicant Income $52,000
Highest Applicant Income $1,416,000

Mortgage Company List for Lending in Martinsville City, VA for 2013

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Suntrust Mortgage, Inc.
901 SEMMES AVENUE
RICHMOND, VA 23224
* $ 169,076,807,000 42 $ 4,582,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ 178,034,172,000 40 $ 2,988,000
Suntrust Bank
P.O. BOX 4418, MAIL CODE 0663
ATLANTA, GA 30302
* $ 169,076,807,000 39 $ 452,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,266,125,000,000 29 $ 2,332,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,896,773,000,000 24 $ 2,088,000
Carter Bank and Trust
PO BOX 3748
MARTINSVILLE, VA 24112
* $ 4,442,297,000 17 $ 475,000
American National Bank and Trust Company
628 MAIN STREET
DANVILLE, VA 24541
* $ 1,282,796,000 16 $ 2,411,000
Southern Bank and Trust Compan
PO BOX 729
MT OLIVE, NC 28365
* $ 1,337,305,000 16 $ 1,717,000
Valleystar Credit Union
41 WHEELER AVE
MARTINSVILLE, VA 24115
* $ 263,651,000 16 $ 881,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ 10,000,000 15 $ 1,237,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,474,077,383,000 14 $ 1,277,000
Alcova Mortgage, LLC
308 MARKET ST, SE
ROANOKE, VA 24011
* $ 710,000 10 $ 953,000
Citibank, NA

NEW YORK, NY 10012
* $ 1,313,401,000,000 6 $ 408,000
Truliant Federal Credit Union
3200 TRULIANT WAY
WINSTON SALEM, NC 27103
* $ 1,611,769,000 6 $ 622,000
Nationwide Advantage Mortgage
1100 LOCUST ST
DES MOINES, IA 50391
* $ 31,000,000 5 $ 974,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ 10,000,000 4 $ 397,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 345,088,616,000 4 $ 595,000
Citimortgage, Inc.
1 COURT SQUARE, 43RD FLOOR
LONG ISLAND CITY, NY 11120
* $ 1,019,497,000,000 4 $ 321,000
Lendmark Financial Services
223 W NASH ST
WILSON, NC 27893
* $ 43,592,768,000 3 $ 26,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ 10,000,000 3 $ 361,000
Franklin American Mortgage Company
6100 TOWER CIRCLE SUITE 600
FRANKLIN, TN 37067
* $ 10,000,000 2 $ 153,000
Mortgage Investors Corp
6090 CENTRAL AVE
ST. PETERSBURG, FL 33707
* $ 10,000,000 2 $ 138,000
Pacific Union Financial, LLC
8900 FREEPORT PKWY, STE 150
IRVING, TX 75063
* $ 40,000,000 2 $ 169,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ 138,031,000 2 $ 181,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ 31,000,000 2 $ 125,000
Woodforest National Bank
25231 GROGAN'S MILL ROAD
THE WOODLANDS, TX 77380
* $ 3,701,612,000 2 $ 81,000
Fifth Third Mortgage Company
5001 KINGSLEY DRIVE MD 1MOB2W
CINCINNATI, OH 45227
* $ 119,444,656,000 2 $ 256,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ 6,680,971,000 2 $ 164,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 52,436,123,000 2 $ 348,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 58,597,476,000 2 $ 190,000
First Ciitizens Bank and Trust
4300 SIX FORKS ROAD FCC 21
RALEIGH, NC 27603
* $ 20,908,181,000 1 $ 56,000
Discover Home Loans, Inc.
173 TECHNOLOGY DRIVE
IRVINE, CA 92618
* $ 73,491,315,000 1 $ 360,000
First Bank of Georgia
2743 PERIMETER PKWY BLD 100, SUITE 100
AUGUSTA, GA 30909
* $ 505,919,000 1 $ 34,000
Stellarone Bank
1051 EAST CARY STREET, SUITE 1200
RICHMOND, VA 23219
* $ 3,015,248,000 1 $ 184,000
Virginia Federal Credit Union
PO BOX 90010
RICHMOND, VA 23225
* $ 2,385,518,000 1 $ 98,000
Proficio Bank
6985 UNION PARK CENTER, SUITE 150
COTTONWOOD HEIGHTS, UT 84047
* $ 209,365,000 1 $ 55,000
The Fidelity Bank
100 S. MAIN STREET
FUQUAY-VARINA, NC 27526
* $ 1,847,815,000 1 $ 35,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ 270,671,000 1 $ 168,000
Liberty Home Equity Solutions, Inc.
10951 WHITE ROCK ROAD, SUITE 200
RANCHO CORDOVA, CA 95670
* $ 60,629,000 1 $ 84,000
American Advisors Group
3800 W.CHAPMAN SUITE 300
ORANGE, CA 92868
* $ 100,247,000 1 $ 30,000
Home Point Financial Corporation
1194 OAK VALLEY DRIVE, SUITE 80
ANN ARBOR, MI 48108
* $ 40,000,000 1 $ 165,000
F&M Bank
50 FRANKLIN ST
CLARKSVILLE, TN 37040
* $ 816,987,000 1 $ 216,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ 8,994,122,000 1 $ 54,000
Royal United Mortgage LLC
7999 KNUE RD. STE 300
INDIANAPOLIS, IN 46256
* $ 1,000,000,000 1 $ 52,000
Equity Prime Mortgage LLC
5 CONCOURSE PKWY, STE 2250
ATLANTA, GA 30328
* $ 603,000 1 $ 84,000
Michigan Mutual, Inc
911 MILITARY STREET
PORT HURON, MI 48060
* $ 35,000,000,000 1 $ 43,000
BMO Harris Bank NA
111 W. MONROE
CHICAGO, IL 60606
* $ 95,264,963,000 1 $ 31,000
Capital One, National Association
7933 PRESTON ROAD
PLANO, TX 75024
* $ 250,961,257,000 1 $ 43,000
Gateway Mortgage Group, LLC
244 SOUTH GATEWAY PLACE
JENKS, OK 74037
* $ 10,000,000 1 $ 127,000
Admirals Bank
15 PARK ROW WEST
PROVIDENCE, RI 02903
* $ 646,232,000 1 $ 8,000
First Community Mortgage, Inc.
275 ROBERT ROSE DRIVE
MURFREESBORO, TN 37129
* $ 10,000,000 1 $ 72,000
First State Mortgage Services
502 N HERSHEY ROAD
BLOOMINGTON, IL 61704
* $ 327,995,000 1 $ 87,000
Homepromise Corporation
60 S WASHINGTON ST, STE 106
GREENCASTLE, PA 17225
* $ 100,000,000 1 $ 115,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ 10,000,000 1 $ 171,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ 880,000,000 1 $ 79,000
Capital Center LLC
4510 COX ROAD STE 402
GLEN ALLEN, VA 23060
* $ 10,000,000 1 $ 214,000
Carolina Bank
PO BOX 10209
GREENSBORO, NC 27404
* $ 691,779,000 1 $ 116,000
Stonegate Mortgage Corporation
9190 PRIORITY WAY WEST DRIVE
INDIANAPOLIS, IN 46240
* $ 10,000,000 1 $ 93,000
Click N' Close, Inc.
15301 SPECTRUM DRIVE, SUITE 405
ADDISON, TX 75001
* $ 11,000,000 1 $ 97,000

The tables below break down 2013 mortgage applications in Martinsville City, VA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Martinsville City, VA in 2013

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 205 $19,974,000 $97,000 $1,007,000 $64,000 $1,416,000
Home Purchase 118 $10,915,000 $92,000 $291,000 $40,000 $159,000
Home Improvement 55 $507,000 $9,000 $64,000 $33,000 $88,000

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 199 $18,783,000 $94,000 $1,007,000 $61,000 $1,416,000
Black or African American 93 $4,901,000 $52,000 $254,000 $39,000 $150,000
Not applicable 39 $3,098,000 $79,000 $211,000 $18,000 $138,000
Not Provided 31 $3,253,000 $104,000 $360,000 $76,000 $551,000
Hispanic 12 $1,040,000 $86,000 $155,000 $45,000 $98,000
American Indian or Alaskan Native 2 $66,000 $33,000 $61,000 $28,000 $34,000
Asian 2 $255,000 $127,000 $130,000 $99,000 $168,000
Native Hawaiian or Other Pacific Islander 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) 257 $20,011,000 $77,000 $1,007,000 $63,000 $1,416,000
FHA-insured (Federal Housing Administration) 63 $5,535,000 $87,000 $211,000 $25,000 $125,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 41 $3,903,000 $95,000 $291,000 $31,000 $77,000
VA-guaranteed (Veterans Administration) 17 $1,947,000 $114,000 $233,000 $36,000 $120,000

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 175 $15,676,000 $89,000 $291,000 $58,000 $551,000
Application Denied By Financial Institution 99 $5,928,000 $59,000 $254,000 $43,000 $200,000
Loan Purchased By The Institution 53 $4,427,000 $83,000 $216,000 $27,000 $138,000
Application Withdrawn By Applicant 27 $2,619,000 $97,000 $360,000 $99,000 $1,416,000
Application Approved But Not Accepted 18 $2,154,000 $119,000 $1,007,000 $49,000 $200,000
File Closed For Incompleteness 6 $592,000 $98,000 $193,000 $41,000 $187,000
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 42 $1,365,000 $32,000 $171,000 $43,000 $197,000
Debt-To-Income Ratio 14 $849,000 $60,000 $184,000 $34,000 $69,000
Collateral 11 $1,291,000 $117,000 $254,000 $61,000 $200,000
Credit Application Incomplete 3 $254,000 $84,000 $127,000 $49,000 $56,000
Insufficient Cash (Downpayment, Closing Cost) 2 $117,000 $58,000 $79,000 $86,000 $89,000
Other 2 $314,000 $157,000 $226,000 $40,000 $48,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Employment History 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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