Shannon County, SD Mortgage Lenders & HMDA Data, 2010
In 2010, lenders reported 45 mortgage applications in Shannon County, SD totaling $1.3 million, up 5% from 2009. The average application was for $28,000, and applicants reported an average income of $39,000. 44% of applications resulted in an originated loan and 47% were denied. The most active lender was Security First Bank, with 21 applications, followed by Wells Fargo Bank, NA and 21st Mortgage.
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| Years | 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 45 |
| Total Mortgage Loan Application Amount | $1,281,000 |
| Average Mortgage Loan Application Amount | $28,000 |
| Highest Mortgage Loan Application Amount | $189,000 |
| Average Applicant Income | $39,000 |
| Highest Applicant Income | $135,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Security First Bank 5505 RED ROCK LANE LINCOLN, NE 68516 |
* | $ 700,768,000 | 21 | $ 103,000 |
| Wells Fargo Bank, NA 100 N MAIN STREET MAC D4001-063 WINSTON-SALEM, NC 27150 |
* | $ 608,778,000,000 | 16 | $ 832,000 |
| 21st Mortgage 620 MARKET ST SUITE 100 KNOXVILLE, TN 37902 |
* | $ 10,000,000 | 4 | $ 151,000 |
| US Bank, N.A. 777 EAST WISCONSIN AVE MILWAUKEE, WI 53202 |
* | $ 276,376,130,000 | 1 | $ 30,000 |
| Bankwest, Inc. 420 S. PIERRE STREET, PO BOX 998 PIERRE, SD 57501 |
* | $ 749,809,000 | 1 | $ 31,000 |
| Credit Human Federal Credit Un 6061 IH 10 WEST SAN ANTONIO, TX 78215 |
* | $ 2,867,638,000 | 1 | $ 30,000 |
| New Day Financial, Llc. 360 SOUTH ROSEMARY AVENUE SUITE 1900 WEST PALM BEACH, FL 33401 |
* | $ 4,088,336,000 | 1 | $ 104,000 |
The tables below break down 2010 mortgage applications in Shannon County, SD by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Shannon County, SD in 2010
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 Improvement | 26 | $82,000 | $3,000 | $10,000 | $36,000 | $117,000 |
| Home Purchase | 10 | $647,000 | $64,000 | $189,000 | $68,000 | $135,000 |
| Refinancing | 9 | $552,000 | $61,000 | $163,000 | $17,000 | $46,000 |
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 |
|---|---|---|---|---|---|---|
| American Indian or Alaskan Native | 37 | $888,000 | $24,000 | $189,000 | $38,000 | $135,000 |
| Not Provided | 4 | $140,000 | $35,000 | $104,000 | $17,000 | $32,000 |
| White | 2 | $219,000 | $109,000 | $179,000 | $61,000 | $77,000 |
| Hispanic | 2 | $34,000 | $17,000 | $31,000 | $89,000 | $117,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 38 | $554,000 | $14,000 | $179,000 | $42,000 | $135,000 |
| FHA-insured (Federal Housing Administration) | 7 | $727,000 | $103,000 | $189,000 | $26,000 | $89,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 21 | $440,000 | $20,000 | $179,000 | $25,000 | $77,000 |
| Loan Originated | 20 | $708,000 | $35,000 | $189,000 | $55,000 | $135,000 |
| Application Approved But Not Accepted | 3 | $130,000 | $43,000 | $70,000 | $44,000 | $68,000 |
| Application Withdrawn By Applicant | 1 | $3,000 | $3,000 | $3,000 | $24,000 | $24,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | $30,000 | $3,000 | $5,000 | $20,000 | $43,000 |
| Debt-To-Income Ratio | 1 | $51,000 | $51,000 | $51,000 | $34,000 | $34,000 |
| Credit Application Incomplete | 1 | $179,000 | $179,000 | $179,000 | $77,000 | $77,000 |
| Other | 1 | $30,000 | $30,000 | $30,000 | $32,000 | $32,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $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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