Weakley County, TN Mortgage Lenders & HMDA Data, 2017

In 2017, lenders reported 914 mortgage applications in Weakley County, TN totaling $95.0 million, down 2% from 2016. The average application was for $103,000, and applicants reported an average income of $57,000. 54% of applications resulted in an originated loan and 16% were denied. The most active lender was Simmons Bank, with 178 applications, followed by Regions Bank and Freedom Mortgage Corporation.

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Total Number of Mortgage Applications 914
Total Mortgage Loan Application Amount $94,951,000
Average Mortgage Loan Application Amount $103,000
Highest Mortgage Loan Application Amount $2,128,000
Average Applicant Income $57,000
Highest Applicant Income $484,000
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Top Mortgage Lenders in Weakley County, TN (2017)

Ranked by the number of mortgage applications each lender reported in Weakley County, TN in 2017.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Simmons Bank
Pine Bluff, AR
178 $17,333,000 $97,000 $71,000
2 Regions Bank
Birmingham, AL
99 $9,264,000 $93,000 $59,000
3 Freedom Mortgage Corporation
Boca Raton, FL
47 $5,200,000 $110,000 $11,000
4 Cadence Bank
Tupelo, MS
43 $3,656,000 $85,000 $78,000
5 Ut Federal Credit Union
Knoxville, TN
37 $2,527,000 $68,000 $73,000
6 Wells Fargo Bank NA
Minneapolis, MN
37 $4,976,000 $134,000 $68,000
7 First Citizens National Bank
Newark, OH
33 $2,503,000 $75,000 $87,000
8 First Community Mortgage, Inc.
Murfreesboro, TN
25 $3,256,000 $130,000 $74,000
9 Vanderbilt Mortgage and Finance, Inc
Maryville, TN
15 $824,000 $54,000 $43,000
10 JPMorgan Chase Bank, NA
Columbus, OH
15 $1,269,000 $84,000 $12,000

See every lender active in Weakley County, TN in 2017 »

The tables below break down 2017 mortgage applications in Weakley County, TN by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Weakley County, TN in 2017

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 481 $54,275,000 $112,000 $2,128,000 $53,000 $458,000
Refinancing 343 $37,051,000 $108,000 $452,000 $61,000 $484,000
Home Improvement 90 $3,625,000 $40,000 $450,000 $70,000 $285,000

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 711 $69,199,000 $97,000 $526,000 $65,000 $484,000
Not applicable 111 $14,658,000 $132,000 $2,128,000 $3,000 $152,000
Not Provided 39 $4,690,000 $120,000 $369,000 $65,000 $153,000
Black or African American 27 $3,270,000 $121,000 $317,000 $78,000 $342,000
Asian 11 $1,262,000 $114,000 $210,000 $61,000 $200,000
Hispanic 8 $1,470,000 $183,000 $640,000 $51,000 $111,000
American Indian or Alaskan Native 5 $290,000 $58,000 $142,000 $21,000 $39,000
Native Hawaiian or Other Pacific Islander 2 $112,000 $56,000 $80,000 $34,000 $48,000

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) 575 $56,747,000 $98,000 $2,128,000 $71,000 $484,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 142 $14,215,000 $100,000 $172,000 $24,000 $87,000
FHA-insured (Federal Housing Administration) 127 $14,595,000 $114,000 $280,000 $40,000 $166,000
VA-guaranteed (Veterans Administration) 70 $9,394,000 $134,000 $369,000 $45,000 $124,000

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 489 $51,662,000 $105,000 $2,128,000 $70,000 $484,000
Loan Purchased By The Institution 144 $17,431,000 $121,000 $331,000 $20,000 $299,000
Application Denied By Financial Institution 144 $13,202,000 $91,000 $450,000 $54,000 $300,000
Application Withdrawn By Applicant 51 $4,798,000 $94,000 $291,000 $60,000 $458,000
Application Approved But Not Accepted 47 $4,335,000 $92,000 $223,000 $58,000 $164,000
File Closed For Incompleteness 38 $3,439,000 $90,000 $215,000 $48,000 $130,000
Preapproval Denied by Financial Institution 1 $84,000 $84,000 $84,000 $24,000 $24,000
Preapproval Approved but not Accepted 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 32 $2,243,000 $70,000 $281,000 $42,000 $104,000
Debt-To-Income Ratio 15 $2,155,000 $143,000 $450,000 $69,000 $185,000
Credit Application Incomplete 11 $1,117,000 $101,000 $148,000 $55,000 $151,000
Collateral 8 $843,000 $105,000 $225,000 $64,000 $165,000
Insufficient Cash (Downpayment, Closing Cost) 5 $460,000 $92,000 $190,000 $25,000 $49,000
Other 5 $414,000 $82,000 $176,000 $52,000 $88,000
Unverifiable Information 2 $290,000 $145,000 $280,000 $53,000 $55,000
Employment History 1 $72,000 $72,000 $72,000 $23,000 $23,000
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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