Sumter, SC Metro Area Mortgage Lenders & HMDA Data, 2023
In 2023, lenders reported 5,187 mortgage applications in Sumter, SC metro area totaling $949.3 million, down 19% from 2022. The average application was for $183,023, and applicants reported an average income of $88,000. 45% of applications resulted in an originated loan and 22% were denied. The most active lender was Mc Federal Credit Union, with 467 applications, followed by Mc Federal Credit Union 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 | 5,187 |
| Total Mortgage Loan Application Amount | $949,345,000 |
| Average Mortgage Loan Application Amount | $183,023 |
| Highest Mortgage Loan Application Amount | $14,605,000 |
| Average Applicant Income | $88,000 |
| Highest Applicant Income | $3,752,000 |
Top Mortgage Lenders in Sumter, SC Metro Area (2023)
Ranked by the number of mortgage applications each lender reported in Sumter, SC metro area in 2023.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Mc Federal Credit Union Danville, PA |
467 | $54,705,000 | $117,000 | $87,000 |
| 2 | Mc Federal Credit Union Danville, PA |
467 | $54,705,000 | $117,000 | $87,000 |
| 3 | Vanderbilt Mortgage and Finance, Inc Maryville, TN |
449 | $50,985,000 | $113,000 | $59,000 |
| 4 | 21st Mortgage Knoxville, TN |
331 | $37,325,000 | $112,000 | $61,000 |
| 5 | Mortgage Research Center Columbia, MO |
198 | $46,390,000 | $234,000 | $86,000 |
| 6 | PennyMac Loan Services LLC Westlake Village, CA |
176 | $40,260,000 | $228,000 | $89,000 |
| 7 | Gateway First Bank Jenks, OK |
171 | $28,425,000 | $166,000 | $78,000 |
| 8 | Acrisure Mortgage, LLC Orlando, FL |
138 | $36,680,000 | $265,000 | $92,000 |
| 9 | Resource Financial Services, Inc. Columbia, SC |
126 | $23,880,000 | $189,000 | $83,000 |
| 10 | Navy Federal Credit Union Vienna, VA |
125 | $22,155,000 | $177,000 | $100,000 |
The tables below break down 2023 mortgage applications in Sumter, SC 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 Sumter, SC in 2023
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 | 3,549 | $707,425,000 | $199,000 | $14,605,000 | $86,000 | $3,752,000 |
| Cash-out Refinancing | 777 | $132,415,000 | $170,000 | $875,000 | $82,000 | $951,000 |
| Other Purpose | 302 | $28,060,000 | $92,000 | $525,000 | $105,000 | $1,700,000 |
| Home Improvement | 291 | $22,225,000 | $76,000 | $505,000 | $101,000 | $1,550,000 |
| Refinancing | 256 | $58,440,000 | $228,000 | $6,485,000 | $93,000 | $653,000 |
| Not Applicable | 12 | $780,000 | $65,000 | $165,000 | $105,000 | $105,000 |
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 | 2,193 | $381,495,000 | $173,000 | $2,205,000 | $95,000 | $1,700,000 |
| Black or African American | 1,529 | $226,885,000 | $148,000 | $875,000 | $74,000 | $3,752,000 |
| Not Provided | 606 | $116,520,000 | $192,000 | $795,000 | $97,000 | $860,000 |
| Not applicable | 580 | $169,680,000 | $292,000 | $14,605,000 | $95,000 | $140,000 |
| Hispanic | 153 | $32,215,000 | $210,000 | $845,000 | $94,000 | $836,000 |
| Asian | 60 | $13,000,000 | $216,000 | $535,000 | $112,000 | $786,000 |
| American Indian or Alaskan Native | 47 | $5,565,000 | $118,000 | $285,000 | $72,000 | $231,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $1,165,000 | $166,000 | $235,000 | $58,000 | $118,000 |
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) | 2,987 | $433,215,000 | $145,000 | $14,605,000 | $91,000 | $3,752,000 |
| VA-guaranteed (Veterans Administration) | 1,395 | $361,075,000 | $258,000 | $1,595,000 | $93,000 | $545,000 |
| FHA-insured (Federal Housing Administration) | 772 | $150,490,000 | $194,000 | $5,525,000 | $68,000 | $370,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 33 | $4,565,000 | $138,000 | $245,000 | $64,000 | $94,000 |
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 | 2,339 | $474,295,000 | $202,000 | $14,605,000 | $97,000 | $3,752,000 |
| Application Denied By Financial Institution | 1,154 | $148,290,000 | $128,000 | $675,000 | $67,000 | $1,002,000 |
| Application Withdrawn By Applicant | 633 | $128,015,000 | $202,000 | $5,525,000 | $96,000 | $1,550,000 |
| Loan Purchased By The Institution | 537 | $125,695,000 | $234,000 | $795,000 | $129,000 | $836,000 |
| File Closed For Incompleteness | 348 | $47,820,000 | $137,000 | $755,000 | $81,000 | $1,700,000 |
| Application Approved But Not Accepted | 171 | $24,035,000 | $140,000 | $585,000 | $89,000 | $586,000 |
| Preapproval Approved but not Accepted | 3 | $725,000 | $241,000 | $425,000 | $122,000 | $229,000 |
| Preapproval Denied by Financial Institution | 2 | $470,000 | $235,000 | $365,000 | $76,000 | $110,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 3,855 | $779,575,000 | $202,000 | $14,605,000 | $92,000 | $1,700,000 |
| Debt-To-Income Ratio | 506 | $62,450,000 | $123,000 | $1,875,000 | $88,000 | $3,752,000 |
| Credit History | 478 | $57,330,000 | $119,000 | $515,000 | $64,000 | $1,002,000 |
| Credit Application Incomplete | 89 | $14,955,000 | $168,000 | $505,000 | $84,000 | $311,000 |
| Other | 78 | $8,420,000 | $107,000 | $405,000 | $78,000 | $250,000 |
| Collateral | 73 | $10,565,000 | $144,000 | $415,000 | $91,000 | $312,000 |
| Unverifiable Information | 67 | $9,785,000 | $146,000 | $345,000 | $70,000 | $200,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 31 | $4,435,000 | $143,000 | $405,000 | $97,000 | $677,000 |
| Employment History | 10 | $1,830,000 | $183,000 | $345,000 | $78,000 | $153,000 |
| 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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