Pascagoula, MS Metro Area Mortgage Lenders & HMDA Data, 2012
In 2012, lenders reported 7,116 mortgage applications in Pascagoula, MS metro area totaling $895.8 million, up 10% from 2011. The average application was for $125,885, and applicants reported an average income of $68,000. 46% of applications resulted in an originated loan and 19% were denied. The most active lender was Wells Fargo Bank NA, with 715 applications, followed by Trustmark National Bank and Keesler Federal Credit Union.
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| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 7,116 |
| Total Mortgage Loan Application Amount | $895,799,000 |
| Average Mortgage Loan Application Amount | $125,885 |
| Highest Mortgage Loan Application Amount | $2,100,000 |
| Average Applicant Income | $68,000 |
| Highest Applicant Income | $3,056,000 |
Top Mortgage Lenders in Pascagoula, MS Metro Area (2012)
Ranked by the number of mortgage applications each lender reported in Pascagoula, MS metro area in 2012.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank NA Minneapolis, MN |
715 | $98,521,000 | $137,000 | $64,000 |
| 2 | Trustmark National Bank Jackson, MS |
578 | $83,457,000 | $144,000 | $22,000 |
| 3 | Keesler Federal Credit Union Biloxi, MS |
458 | $54,690,000 | $119,000 | $79,000 |
| 4 | First Federal Savings and Loan Association of Pascagoula - Moss Point Pascagoula, MS |
385 | $52,095,000 | $135,000 | $83,000 |
| 5 | Merchants & Marine Bank Pascagoula, MS |
332 | $17,517,000 | $52,000 | $67,000 |
| 6 | Cadence Bank Tupelo, MS |
285 | $45,419,000 | $159,000 | $123,000 |
| 7 | Hancock Whitney Bank Gulfport, MS |
260 | $33,517,000 | $128,000 | $102,000 |
| 8 | JPMorgan Chase Bank, NA Columbus, OH |
219 | $28,194,000 | $128,000 | $54,000 |
| 9 | Embrace Home Loans, Inc. Middletown, RI |
208 | $23,552,000 | $113,000 | $47,000 |
| 10 | Regions Bank Birmingham, AL |
197 | $21,609,000 | $109,000 | $82,000 |
See every lender active in Pascagoula, MS metro area in 2012 »
The tables below break down 2012 mortgage applications in Pascagoula, MS metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Pascagoula, MS in 2012
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 | 4,108 | $567,107,000 | $138,000 | $1,500,000 | $75,000 | $3,056,000 |
| Home Purchase | 2,519 | $312,372,000 | $124,000 | $2,100,000 | $60,000 | $1,481,000 |
| Home Improvement | 489 | $16,320,000 | $33,000 | $380,000 | $60,000 | $799,000 |
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 | 4,829 | $613,249,000 | $126,000 | $1,500,000 | $82,000 | $3,056,000 |
| Not applicable | 931 | $137,814,000 | $148,000 | $2,100,000 | $5,000 | $543,000 |
| Black or African American | 613 | $57,646,000 | $94,000 | $880,000 | $59,000 | $799,000 |
| Not Provided | 423 | $51,883,000 | $122,000 | $500,000 | $63,000 | $600,000 |
| Hispanic | 164 | $17,258,000 | $105,000 | $417,000 | $62,000 | $400,000 |
| Asian | 124 | $15,253,000 | $123,000 | $417,000 | $92,000 | $608,000 |
| American Indian or Alaskan Native | 27 | $2,038,000 | $75,000 | $219,000 | $67,000 | $380,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $658,000 | $131,000 | $200,000 | $48,000 | $139,000 |
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) | 4,740 | $573,899,000 | $121,000 | $2,100,000 | $83,000 | $3,056,000 |
| FHA-insured (Federal Housing Administration) | 1,231 | $143,289,000 | $116,000 | $276,000 | $39,000 | $888,000 |
| VA-guaranteed (Veterans Administration) | 821 | $138,977,000 | $169,000 | $525,000 | $44,000 | $912,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 324 | $39,634,000 | $122,000 | $252,000 | $33,000 | $76,000 |
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 | 3,304 | $419,901,000 | $127,000 | $2,100,000 | $81,000 | $1,481,000 |
| Application Denied By Financial Institution | 1,347 | $145,715,000 | $108,000 | $1,500,000 | $69,000 | $3,056,000 |
| Loan Purchased By The Institution | 1,305 | $184,049,000 | $141,000 | $525,000 | $28,000 | $618,000 |
| Application Withdrawn By Applicant | 741 | $96,225,000 | $129,000 | $975,000 | $79,000 | $1,600,000 |
| Application Approved But Not Accepted | 224 | $23,928,000 | $106,000 | $416,000 | $63,000 | $308,000 |
| File Closed For Incompleteness | 195 | $25,981,000 | $133,000 | $417,000 | $80,000 | $1,451,000 |
| 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 | 329 | $29,583,000 | $89,000 | $417,000 | $74,000 | $3,056,000 |
| Collateral | 197 | $27,280,000 | $138,000 | $975,000 | $94,000 | $990,000 |
| Debt-To-Income Ratio | 196 | $22,498,000 | $114,000 | $538,000 | $55,000 | $360,000 |
| Other | 82 | $12,510,000 | $152,000 | $1,500,000 | $94,000 | $500,000 |
| Credit Application Incomplete | 68 | $9,117,000 | $134,000 | $300,000 | $83,000 | $232,000 |
| Unverifiable Information | 26 | $2,509,000 | $96,000 | $380,000 | $69,000 | $186,000 |
| Employment History | 21 | $2,071,000 | $98,000 | $270,000 | $54,000 | $263,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 16 | $2,304,000 | $144,000 | $528,000 | $115,000 | $886,000 |
| 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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