Russell County, VA Mortgage Lenders & HMDA Data, 2011
In 2011, lenders reported 865 mortgage applications in Russell County, VA totaling $72.8 million, up 1% from 2010. The average application was for $84,000, and applicants reported an average income of $54,000. 52% of applications resulted in an originated loan and 22% were denied. The most active lender was Truist Bank, with 150 applications, followed by New Peoples Bank, Inc and Vanderbilt Mortgage and Finance, Inc.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 865 |
| Total Mortgage Loan Application Amount | $72,842,000 |
| Average Mortgage Loan Application Amount | $84,000 |
| Highest Mortgage Loan Application Amount | $655,000 |
| Average Applicant Income | $54,000 |
| Highest Applicant Income | $490,000 |
Top Mortgage Lenders in Russell County, VA (2011)
Ranked by the number of mortgage applications each lender reported in Russell County, VA in 2011.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Truist Bank Raleigh, NC |
150 | $11,362,000 | $75,000 | $58,000 |
| 2 | New Peoples Bank, Inc Honaker, VA |
127 | $4,451,000 | $35,000 | $46,000 |
| 3 | Vanderbilt Mortgage and Finance, Inc Maryville, TN |
89 | $5,888,000 | $66,000 | $42,000 |
| 4 | First Bank and Trust Company Abingdon, VA |
84 | $7,801,000 | $92,000 | $59,000 |
| 5 | Wells Fargo Bank NA Minneapolis, MN |
51 | $6,687,000 | $131,000 | $58,000 |
| 6 | Trupoint Bank Grundy, VA |
39 | $1,786,000 | $45,000 | $42,000 |
| 7 | Miners Exchange Bank Coeburn, VA |
19 | $69,000 | $3,000 | $23,000 |
| 8 | Embrace Home Loans, Inc. Middletown, RI |
18 | $2,128,000 | $118,000 | $51,000 |
| 9 | Eastman Credit Union Kingsport, TN |
17 | $1,652,000 | $97,000 | $53,000 |
| 10 | 21st Mortgage Knoxville, TN |
15 | $835,000 | $55,000 | $41,000 |
The tables below break down 2011 mortgage applications in Russell County, VA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Russell County, VA in 2011
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 | 330 | $29,413,000 | $89,000 | $500,000 | $53,000 | $490,000 |
| Refinancing | 325 | $37,041,000 | $113,000 | $655,000 | $60,000 | $274,000 |
| Home Improvement | 210 | $6,388,000 | $30,000 | $258,000 | $43,000 | $206,000 |
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 | 799 | $64,641,000 | $80,000 | $655,000 | $53,000 | $274,000 |
| Not Provided | 42 | $5,383,000 | $128,000 | $280,000 | $63,000 | $240,000 |
| Not applicable | 8 | $890,000 | $111,000 | $179,000 | $31,000 | $86,000 |
| Black or African American | 8 | $773,000 | $96,000 | $210,000 | $39,000 | $69,000 |
| Hispanic | 4 | $752,000 | $188,000 | $500,000 | $160,000 | $490,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $349,000 | $174,000 | $255,000 | $49,000 | $99,000 |
| Asian | 2 | $54,000 | $27,000 | $27,000 | $7,000 | $15,000 |
| American Indian or Alaskan Native | 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) | 701 | $51,572,000 | $73,000 | $655,000 | $54,000 | $490,000 |
| FHA-insured (Federal Housing Administration) | 128 | $16,638,000 | $129,000 | $413,000 | $53,000 | $191,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 24 | $2,670,000 | $111,000 | $231,000 | $40,000 | $69,000 |
| VA-guaranteed (Veterans Administration) | 12 | $1,962,000 | $163,000 | $246,000 | $51,000 | $108,000 |
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 | 451 | $34,707,000 | $76,000 | $655,000 | $55,000 | $490,000 |
| Application Denied By Financial Institution | 194 | $14,998,000 | $77,000 | $417,000 | $46,000 | $240,000 |
| Application Approved But Not Accepted | 82 | $6,025,000 | $73,000 | $360,000 | $49,000 | $189,000 |
| Application Withdrawn By Applicant | 78 | $9,859,000 | $126,000 | $353,000 | $69,000 | $274,000 |
| Loan Purchased By The Institution | 43 | $5,227,000 | $121,000 | $309,000 | $46,000 | $114,000 |
| File Closed For Incompleteness | 17 | $2,026,000 | $119,000 | $271,000 | $61,000 | $102,000 |
| 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 | 56 | $3,778,000 | $67,000 | $280,000 | $51,000 | $240,000 |
| Debt-To-Income Ratio | 22 | $2,463,000 | $111,000 | $417,000 | $47,000 | $123,000 |
| Collateral | 20 | $1,869,000 | $93,000 | $170,000 | $47,000 | $111,000 |
| Other | 15 | $1,477,000 | $98,000 | $300,000 | $62,000 | $138,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $189,000 | $63,000 | $147,000 | $42,000 | $62,000 |
| Unverifiable Information | 2 | $279,000 | $139,000 | $179,000 | $40,000 | $67,000 |
| Credit Application Incomplete | 2 | $169,000 | $84,000 | $92,000 | $11,000 | $23,000 |
| Employment History | 1 | $185,000 | $185,000 | $185,000 | $54,000 | $54,000 |
| 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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