Magna Bank
Mortgage Loan Application
Totals and Details
for 2006
Find mortgage loan statistics, lending data, and loan application totals for Tennessee.
The mortgage statistics and data below are specific to mortgage loan applications for Magna Bank.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2022.
| Mortgage Company & Address | Magna Bank 6525 N Quail Hollow Rd Suite 513 Memphis, TN 38120 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,989 |
| Total Mortgage Loan Application Amount | $331,050,000 |
| Average Mortgage Loan Application Amount | $180,333 |
| Highest Mortgage Loan Application Amount | $15,000,000 |
| Average Applicant Income | $114,333 |
| Highest Applicant Income | $1,500,000 |
Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations
where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in TN, the totals and averages will help you understand where the lender does business as well as the volume of business they do.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Shelby County Tennessee | 886 | $ 166,554,000 | $ 187,000 | $ 84,000 |
| Davidson County Tennessee | 208 | $ 27,961,000 | $ 134,000 | $ 67,000 |
| DeSoto County Mississippi | 163 | $ 26,219,000 | $ 160,000 | $ 61,000 |
| Williamson County Tennessee | 133 | $ 25,203,000 | $ 189,000 | $ 109,000 |
| Sumner County Tennessee | 90 | $ 14,275,000 | $ 158,000 | $ 74,000 |
| Hamilton County Tennessee | 81 | $ 13,288,000 | $ 164,000 | $ 69,000 |
| Rutherford County Tennessee | 72 | $ 9,455,000 | $ 131,000 | $ 60,000 |
| Fayette County Tennessee | 48 | $ 8,382,000 | $ 174,000 | $ 67,000 |
| Wilson County Tennessee | 47 | $ 7,568,000 | $ 161,000 | $ 74,000 |
| Tipton County Tennessee | 45 | $ 6,127,000 | $ 136,000 | $ 57,000 |
| Montgomery County Tennessee | 31 | $ 4,023,000 | $ 129,000 | $ 53,000 |
| Maury County Tennessee | 28 | $ 3,163,000 | $ 112,000 | $ 69,000 |
| Robertson County Tennessee | 19 | $ 2,162,000 | $ 113,000 | $ 47,000 |
| Marshall County Mississippi | 17 | $ 2,068,000 | $ 121,000 | $ 50,000 |
| Cheatham County Tennessee | 13 | $ 1,360,000 | $ 104,000 | $ 44,000 |
| Tate County Mississippi | 11 | $ 1,058,000 | $ 96,000 | $ 40,000 |
| Dickson County Tennessee | 10 | $ 1,386,000 | $ 138,000 | $ 61,000 |
| Catoosa County Georgia | 9 | $ 1,131,000 | $ 125,000 | $ 43,000 |
| Bradley County Tennessee | 6 | $ 675,000 | $ 112,000 | $ 56,000 |
| Hickman County Tennessee | 5 | $ 553,000 | $ 110,000 | $ 44,000 |
| Macon County Tennessee | 4 | $ 316,000 | $ 79,000 | $ 23,000 |
| Poinsett County Arkansas | 3 | $ 282,000 | $ 94,000 | $ 39,000 |
| Benton County Mississippi | 3 | $ 221,000 | $ 73,000 | $ 16,000 |
| Bedford County Tennessee | 3 | $ 206,000 | $ 68,000 | $ 35,000 |
| Hardin County Tennessee | 3 | $ 483,000 | $ 161,000 | $ 127,000 |
| Haywood County Tennessee | 3 | $ 340,000 | $ 113,000 | $ 60,000 |
| Marshall County Tennessee | 3 | $ 260,000 | $ 86,000 | $ 28,000 |
| McMinn County Tennessee | 3 | $ 317,000 | $ 105,000 | $ 72,000 |
| Todd County Kentucky | 2 | $ 60,000 | $ 30,000 | $ 30,000 |
| Panola County Mississippi | 2 | $ 139,000 | $ 69,000 | $ 40,000 |
| Bledsoe County Tennessee | 2 | $ 227,000 | $ 113,000 | $ 66,000 |
| Coffee County Tennessee | 2 | $ 159,000 | $ 79,000 | $ 44,000 |
| Hamblen County Tennessee | 2 | $ 115,000 | $ 57,000 | $ 49,000 |
| Hardeman County Tennessee | 2 | $ 108,000 | $ 54,000 | $ 70,000 |
| Knox County Tennessee | 2 | $ 328,000 | $ 164,000 | $ 70,000 |
| Marion County Tennessee | 2 | $ 501,000 | $ 250,000 | $ 75,000 |
| Meigs County Tennessee | 2 | $ 280,000 | $ 140,000 | $ 54,000 |
| Polk County Tennessee | 2 | $ 338,000 | $ 169,000 | $ 25,000 |
| Sequatchie County Tennessee | 2 | $ 354,000 | $ 177,000 | $ 86,000 |
| Crittenden County Arkansas | 1 | $ 184,000 | $ 184,000 | $ 61,000 |
| Phillips County Arkansas | 1 | $ 40,000 | $ 40,000 | $ 17,000 |
| Pulaski County Arkansas | 1 | $ 28,000 | $ 28,000 | $ 52,000 |
| Stone County Arkansas | 1 | $ 92,000 | $ 92,000 | $ 44,000 |
| Sussex County Delaware | 1 | $ 215,000 | $ 215,000 | $ 83,000 |
| Orange County Florida | 1 | $ 270,000 | $ 270,000 | $ 137,000 |
| Dade County Georgia | 1 | $ 156,000 | $ 156,000 | $ 39,000 |
| Lafayette County Mississippi | 1 | $ 133,000 | $ 133,000 | $ 121,000 |
| Tallahatchie County Mississippi | 1 | $ 65,000 | $ 65,000 | $ 62,000 |
| Tishomingo County Mississippi | 1 | $ 46,000 | $ 46,000 | $ 118,000 |
| Union County Mississippi | 1 | $ 172,000 | $ 172,000 | $ 91,000 |
| Crockett County Tennessee | 1 | $ 400,000 | $ 400,000 | $ 750,000 |
| DeKalb County Tennessee | 1 | $ 61,000 | $ 61,000 | $ 17,000 |
| Giles County Tennessee | 1 | $ 84,000 | $ 84,000 | $ 0 |
| Lauderdale County Tennessee | 1 | $ 56,000 | $ 56,000 | $ 16,000 |
| Lawrence County Tennessee | 1 | $ 157,000 | $ 157,000 | $ 23,000 |
| Monroe County Tennessee | 1 | $ 900,000 | $ 900,000 | $ 251,000 |
| Putnam County Tennessee | 1 | $ 98,000 | $ 98,000 | $ 54,000 |
| Smith County Tennessee | 1 | $ 135,000 | $ 135,000 | $ 49,000 |
| Trousdale County Tennessee | 1 | $ 113,000 | $ 113,000 | $ 30,000 |
The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category,
the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Tennessee,
and search the same numbers and information back through 2003.
Mortgage Loan Application Detail Totals for Magna Bank in 2006
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 | 1,789 | $277,202,000 | $154,000 | $1,400,000 | $71,000 | $760,000 |
| Refinancing | 184 | $52,177,000 | $283,000 | $15,000,000 | $116,000 | $1,500,000 |
| Home Improvement | 16 | $1,671,000 | $104,000 | $500,000 | $156,000 | $600,000 |
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 | 1,617 | $265,267,000 | $164,000 | $2,792,000 | $81,000 | $1,500,000 |
| Black or African American | 223 | $29,418,000 | $131,000 | $366,000 | $51,000 | $146,000 |
| Hispanic | 54 | $7,133,000 | $132,000 | $358,000 | $56,000 | $246,000 |
| Not Provided | 42 | $4,750,000 | $113,000 | $416,000 | $45,000 | $180,000 |
| Asian | 41 | $7,008,000 | $170,000 | $413,000 | $58,000 | $139,000 |
| Not applicable | 6 | $16,861,000 | $2,810,000 | $15,000,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 5 | $557,000 | $111,000 | $278,000 | $85,000 | $160,000 |
| American Indian or Alaskan Native | 1 | $56,000 | $56,000 | $56,000 | $62,000 | $62,000 |
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) | 1,560 | $273,976,000 | $175,000 | $15,000,000 | $82,000 | $1,500,000 |
| FHA-insured (Federal Housing Administration) | 321 | $38,068,000 | $118,000 | $223,000 | $46,000 | $428,000 |
| VA-guaranteed (Veterans Administration) | 106 | $18,949,000 | $178,000 | $347,000 | $66,000 | $148,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $57,000 | $28,000 | $42,000 | $73,000 | $76,000 |
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 | 1,544 | $264,537,000 | $171,000 | $15,000,000 | $79,000 | $1,500,000 |
| Application Withdrawn By Applicant | 298 | $47,356,000 | $158,000 | $1,300,000 | $68,000 | $480,000 |
| Application Denied By Financial Institution | 93 | $11,465,000 | $123,000 | $630,000 | $49,000 | $360,000 |
| Application Approved But Not Accepted | 48 | $5,723,000 | $119,000 | $270,000 | $66,000 | $228,000 |
| File Closed For Incompleteness | 6 | $1,969,000 | $328,000 | $1,400,000 | $26,000 | $48,000 |
| 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 | 41 | $4,442,000 | $108,000 | $275,000 | $46,000 | $144,000 |
| Debt-To-Income Ratio | 24 | $2,731,000 | $113,000 | $231,000 | $45,000 | $93,000 |
| Collateral | 9 | $1,700,000 | $188,000 | $630,000 | $42,000 | $133,000 |
| Other | 8 | $1,090,000 | $136,000 | $370,000 | $84,000 | $360,000 |
| Employment History | 5 | $842,000 | $168,000 | $555,000 | $53,000 | $120,000 |
| Unverifiable Information | 4 | $335,000 | $83,000 | $136,000 | $35,000 | $38,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $325,000 | $162,000 | $223,000 | $66,000 | $96,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in TN, and gives you an idea of what the best mortgage lenders really are.
If you prefer, you can download a copy of the entire list of mortgage lenders in Tennessee, and search similar information at your convenience.