West Baton Rouge Parish, LA Mortgage Lenders & HMDA Data, 2013

In 2013, lenders reported 1,609 mortgage applications in West Baton Rouge Parish, LA totaling $260.3 million, down 10% from 2012. The average application was for $161,000, and applicants reported an average income of $65,000. 48% of applications resulted in an originated loan and 16% were denied. The most active lender was Gmfs, LLC, with 229 applications, followed by Wells Fargo Bank NA and JPMorgan Chase Bank, NA.

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Total Number of Mortgage Applications 1,609
Total Mortgage Loan Application Amount $260,316,000
Average Mortgage Loan Application Amount $161,000
Highest Mortgage Loan Application Amount $13,743,000
Average Applicant Income $65,000
Highest Applicant Income $670,000
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Top Mortgage Lenders in West Baton Rouge Parish, LA (2013)

Ranked by the number of mortgage applications each lender reported in West Baton Rouge Parish, LA in 2013.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Gmfs, LLC
Baton Rouge, LA
229 $41,701,000 $182,000 $65,000
2 Wells Fargo Bank NA
Minneapolis, MN
153 $25,591,000 $167,000 $57,000
3 JPMorgan Chase Bank, NA
Columbus, OH
119 $19,247,000 $161,000 $59,000
4 Vanderbilt Mortgage and Finance, Inc
Maryville, TN
59 $3,203,000 $54,000 $46,000
5 American Gateway Bank
Baton Rouge, LA
47 $4,658,000 $99,000 $49,000
6 Dsld Mortgage LLC
Baton Rouge, LA
45 $8,938,000 $198,000 $62,000
7 Investar Bank
Baton Rouge, LA
39 $6,556,000 $168,000 $82,000
8 Guaranty Bank and Trust Compan
New Roads, LA
34 $4,056,000 $119,000 $76,000
9 Citibank, NA
New York, NY
32 $3,506,000 $109,000 $82,000
10 Assurance Financial Group, L.L.C.
Baton Rouge, LA
31 $5,257,000 $169,000 $76,000

See every lender active in West Baton Rouge Parish, LA in 2013 »

The tables below break down 2013 mortgage applications in West Baton Rouge Parish, LA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for West Baton Rouge Parish, LA in 2013

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 869 $136,386,000 $156,000 $458,000 $61,000 $358,000
Refinancing 673 $121,665,000 $180,000 $13,743,000 $72,000 $670,000
Home Improvement 67 $2,265,000 $33,000 $220,000 $54,000 $177,000

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 903 $137,896,000 $152,000 $458,000 $75,000 $670,000
Black or African American 420 $62,911,000 $149,000 $417,000 $56,000 $251,000
Not Provided 133 $20,602,000 $154,000 $385,000 $64,000 $322,000
Not applicable 128 $34,889,000 $272,000 $13,743,000 $23,000 $147,000
Hispanic 20 $3,159,000 $157,000 $243,000 $60,000 $122,000
Asian 5 $859,000 $171,000 $207,000 $84,000 $106,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 971 $135,084,000 $139,000 $1,306,000 $74,000 $670,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 299 $49,041,000 $164,000 $281,000 $45,000 $111,000
FHA-insured (Federal Housing Administration) 252 $56,546,000 $224,000 $13,743,000 $57,000 $202,000
VA-guaranteed (Veterans Administration) 87 $19,645,000 $225,000 $404,000 $56,000 $153,000

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 767 $120,352,000 $156,000 $1,306,000 $74,000 $670,000
Loan Purchased By The Institution 307 $65,214,000 $212,000 $13,743,000 $51,000 $254,000
Application Denied By Financial Institution 256 $33,050,000 $129,000 $417,000 $56,000 $185,000
Application Withdrawn By Applicant 177 $29,638,000 $167,000 $385,000 $63,000 $202,000
Application Approved But Not Accepted 73 $7,543,000 $103,000 $323,000 $64,000 $187,000
File Closed For Incompleteness 29 $4,519,000 $155,000 $309,000 $76,000 $322,000
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 58 $6,564,000 $113,000 $417,000 $56,000 $185,000
Debt-To-Income Ratio 31 $4,784,000 $154,000 $330,000 $52,000 $97,000
Collateral 18 $2,624,000 $145,000 $350,000 $62,000 $136,000
Other 17 $2,199,000 $129,000 $263,000 $65,000 $160,000
Credit Application Incomplete 15 $2,484,000 $165,000 $325,000 $54,000 $144,000
Unverifiable Information 4 $804,000 $201,000 $316,000 $57,000 $124,000
Insufficient Cash (Downpayment, Closing Cost) 3 $468,000 $156,000 $225,000 $80,000 $130,000
Employment History 1 $38,000 $38,000 $38,000 $24,000 $24,000
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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