Natchitoches Parish, LA Mortgage Lenders & HMDA Data, 2014

In 2014, lenders reported 1,023 mortgage applications in Natchitoches Parish, LA totaling $119.5 million, down 18% from 2013. The average application was for $116,000, and applicants reported an average income of $62,000. 41% of applications resulted in an originated loan and 30% were denied. The most active lender was Vanderbilt Mortgage and Finance, Inc, with 125 applications, followed by Bom Bank and JPMorgan Chase Bank, NA.

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Total Number of Mortgage Applications 1,023
Total Mortgage Loan Application Amount $119,541,000
Average Mortgage Loan Application Amount $116,000
Highest Mortgage Loan Application Amount $1,273,000
Average Applicant Income $62,000
Highest Applicant Income $645,000
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Top Mortgage Lenders in Natchitoches Parish, LA (2014)

Ranked by the number of mortgage applications each lender reported in Natchitoches Parish, LA in 2014.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Vanderbilt Mortgage and Finance, Inc
Maryville, TN
125 $8,452,000 $67,000 $42,000
2 Bom Bank
Natchitoches, LA
93 $11,541,000 $124,000 $62,000
3 JPMorgan Chase Bank, NA
Columbus, OH
66 $8,960,000 $135,000 $4,000
4 Midsouth Bank, National Association
Lafayette, LA
57 $2,980,000 $52,000 $65,000
5 21st Mortgage
Knoxville, TN
55 $3,512,000 $63,000 $59,000
6 Gmfs, LLC
Baton Rouge, LA
50 $8,601,000 $172,000 $83,000
7 American Southwest Mortgage Corp.
Oklahoma City, OK
43 $6,550,000 $152,000 $60,000
8 Sabine State Bank and Trust Company
Many, LA
36 $5,031,000 $139,000 $91,000
9 La Capitol Federal Credit Union
Baton Rouge, LA
34 $3,360,000 $98,000 $88,000
10 US Bank, N.A.
Cincinnati, OH
31 $2,212,000 $71,000 $54,000

See every lender active in Natchitoches Parish, LA in 2014 »

The tables below break down 2014 mortgage applications in Natchitoches Parish, LA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Natchitoches Parish, LA in 2014

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 630 $72,773,000 $115,000 $710,000 $55,000 $360,000
Refinancing 298 $43,238,000 $145,000 $1,273,000 $71,000 $645,000
Home Improvement 95 $3,530,000 $37,000 $265,000 $77,000 $310,000

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 595 $70,471,000 $118,000 $710,000 $77,000 $645,000
Black or African American 226 $21,211,000 $93,000 $417,000 $53,000 $360,000
Not applicable 120 $18,259,000 $152,000 $1,273,000 $2,000 $71,000
Not Provided 62 $7,308,000 $117,000 $303,000 $57,000 $201,000
Hispanic 7 $547,000 $78,000 $168,000 $73,000 $197,000
American Indian or Alaskan Native 7 $1,139,000 $162,000 $278,000 $71,000 $103,000
Asian 5 $451,000 $90,000 $153,000 $65,000 $91,000
Native Hawaiian or Other Pacific Islander 1 $155,000 $155,000 $155,000 $78,000 $78,000

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) 712 $76,867,000 $107,000 $1,273,000 $70,000 $645,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 141 $18,902,000 $134,000 $313,000 $28,000 $103,000
FHA-insured (Federal Housing Administration) 112 $13,050,000 $116,000 $270,000 $54,000 $270,000
VA-guaranteed (Veterans Administration) 58 $10,722,000 $184,000 $496,000 $60,000 $148,000

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 415 $55,522,000 $133,000 $1,273,000 $74,000 $481,000
Application Denied By Financial Institution 311 $30,091,000 $96,000 $417,000 $57,000 $270,000
Loan Purchased By The Institution 111 $14,857,000 $133,000 $495,000 $14,000 $135,000
Application Approved But Not Accepted 109 $10,048,000 $92,000 $400,000 $67,000 $645,000
Application Withdrawn By Applicant 50 $5,958,000 $119,000 $258,000 $82,000 $269,000
File Closed For Incompleteness 27 $3,065,000 $113,000 $376,000 $63,000 $140,000
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 51 $3,537,000 $69,000 $275,000 $65,000 $270,000
Debt-To-Income Ratio 39 $3,745,000 $96,000 $417,000 $56,000 $154,000
Collateral 18 $2,525,000 $140,000 $325,000 $68,000 $191,000
Credit Application Incomplete 12 $2,231,000 $185,000 $304,000 $66,000 $201,000
Other 6 $633,000 $105,000 $163,000 $62,000 $80,000
Unverifiable Information 2 $265,000 $132,000 $196,000 $60,000 $69,000
Insufficient Cash (Downpayment, Closing Cost) 2 $161,000 $80,000 $125,000 $73,000 $94,000
Employment History 1 $51,000 $51,000 $51,000 $0 $0
Mortgage Insurance Denied 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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