Magna Bank
Mortgage Loan Application
Totals and Details
for 2009
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 | 3,517 |
| Total Mortgage Loan Application Amount | $617,842,000 |
| Average Mortgage Loan Application Amount | $151,666 |
| Highest Mortgage Loan Application Amount | $7,850,000 |
| Average Applicant Income | $101,333 |
| Highest Applicant Income | $2,324,000 |
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 | 1,553 | $ 292,235,000 | $ 188,000 | $ 102,000 |
| Davidson County Tennessee | 274 | $ 39,655,000 | $ 144,000 | $ 71,000 |
| DeSoto County Mississippi | 239 | $ 46,972,000 | $ 196,000 | $ 70,000 |
| Hamilton County Tennessee | 180 | $ 29,938,000 | $ 166,000 | $ 75,000 |
| Williamson County Tennessee | 163 | $ 37,275,000 | $ 228,000 | $ 104,000 |
| Rutherford County Tennessee | 143 | $ 20,705,000 | $ 144,000 | $ 63,000 |
| Pulaski County Arkansas | 118 | $ 18,940,000 | $ 160,000 | $ 76,000 |
| Sumner County Tennessee | 115 | $ 19,172,000 | $ 166,000 | $ 61,000 |
| Saline County Arkansas | 78 | $ 10,857,000 | $ 139,000 | $ 59,000 |
| Fayette County Tennessee | 71 | $ 16,081,000 | $ 226,000 | $ 94,000 |
| Bradley County Tennessee | 60 | $ 8,252,000 | $ 137,000 | $ 52,000 |
| Wilson County Tennessee | 60 | $ 10,706,000 | $ 178,000 | $ 64,000 |
| Tipton County Tennessee | 58 | $ 9,129,000 | $ 157,000 | $ 61,000 |
| Washington County Arkansas | 41 | $ 5,629,000 | $ 137,000 | $ 64,000 |
| Maury County Tennessee | 41 | $ 6,172,000 | $ 150,000 | $ 67,000 |
| Benton County Arkansas | 34 | $ 4,630,000 | $ 136,000 | $ 53,000 |
| Garland County Arkansas | 32 | $ 4,991,000 | $ 155,000 | $ 72,000 |
| Robertson County Tennessee | 28 | $ 3,951,000 | $ 141,000 | $ 57,000 |
| Lonoke County Arkansas | 18 | $ 2,759,000 | $ 153,000 | $ 42,000 |
| Crittenden County Arkansas | 17 | $ 2,123,000 | $ 124,000 | $ 59,000 |
| Marshall County Mississippi | 15 | $ 1,737,000 | $ 115,000 | $ 40,000 |
| Tate County Mississippi | 15 | $ 1,942,000 | $ 129,000 | $ 54,000 |
| Faulkner County Arkansas | 10 | $ 1,542,000 | $ 154,000 | $ 78,000 |
| Cheatham County Tennessee | 10 | $ 1,446,000 | $ 144,000 | $ 44,000 |
| Catoosa County Georgia | 8 | $ 1,039,000 | $ 129,000 | $ 58,000 |
| Dickson County Tennessee | 8 | $ 1,291,000 | $ 161,000 | $ 82,000 |
| McMinn County Tennessee | 8 | $ 1,232,000 | $ 154,000 | $ 59,000 |
| Walker County Georgia | 7 | $ 859,000 | $ 122,000 | $ 51,000 |
| Madison County Mississippi | 5 | $ 1,168,000 | $ 233,000 | $ 151,000 |
| Rankin County Mississippi | 5 | $ 826,000 | $ 165,000 | $ 33,000 |
| Hickman County Tennessee | 5 | $ 584,000 | $ 116,000 | $ 37,000 |
| Putnam County Tennessee | 5 | $ 1,008,000 | $ 201,000 | $ 76,000 |
| Lafayette County Mississippi | 4 | $ 671,000 | $ 167,000 | $ 81,000 |
| Panola County Mississippi | 4 | $ 570,000 | $ 142,000 | $ 53,000 |
| Montgomery County Tennessee | 4 | $ 754,000 | $ 188,000 | $ 82,000 |
| Bedford County Tennessee | 3 | $ 453,000 | $ 151,000 | $ 39,000 |
| DeKalb County Tennessee | 3 | $ 118,000 | $ 39,000 | $ 23,000 |
| Hardin County Tennessee | 3 | $ 727,000 | $ 242,000 | $ 150,000 |
| Clark County Arkansas | 2 | $ 260,000 | $ 130,000 | $ 55,000 |
| Cleburne County Arkansas | 2 | $ 620,000 | $ 310,000 | $ 198,000 |
| Madison County Arkansas | 2 | $ 245,000 | $ 122,000 | $ 25,000 |
| Hinds County Mississippi | 2 | $ 259,000 | $ 129,000 | $ 46,000 |
| Cannon County Tennessee | 2 | $ 227,000 | $ 113,000 | $ 51,000 |
| Cumberland County Tennessee | 2 | $ 359,000 | $ 179,000 | $ 55,000 |
| Giles County Tennessee | 2 | $ 148,000 | $ 74,000 | $ 21,000 |
| Jefferson County Tennessee | 2 | $ 412,000 | $ 206,000 | $ 59,000 |
| Lawrence County Tennessee | 2 | $ 343,000 | $ 171,000 | $ 55,000 |
| Macon County Tennessee | 2 | $ 158,000 | $ 79,000 | $ 48,000 |
| Marshall County Tennessee | 2 | $ 186,000 | $ 93,000 | $ 35,000 |
| Meigs County Tennessee | 2 | $ 640,000 | $ 320,000 | $ 68,000 |
| Monroe County Tennessee | 2 | $ 250,000 | $ 125,000 | $ 42,000 |
| Overton County Tennessee | 2 | $ 279,000 | $ 139,000 | $ 51,000 |
| White County Tennessee | 2 | $ 244,000 | $ 122,000 | $ 54,000 |
| Jackson County Alabama | 1 | $ 135,000 | $ 135,000 | $ 83,000 |
| Boone County Arkansas | 1 | $ 108,000 | $ 108,000 | $ 40,000 |
| Craighead County Arkansas | 1 | $ 196,000 | $ 196,000 | $ 114,000 |
| Cross County Arkansas | 1 | $ 175,000 | $ 175,000 | $ 74,000 |
| Grant County Arkansas | 1 | $ 45,000 | $ 45,000 | $ 34,000 |
| Hot Spring County Arkansas | 1 | $ 184,000 | $ 184,000 | $ 68,000 |
| Jefferson County Arkansas | 1 | $ 30,000 | $ 30,000 | $ 0 |
| Miller County Arkansas | 1 | $ 49,000 | $ 49,000 | $ 31,000 |
| Pike County Arkansas | 1 | $ 72,000 | $ 72,000 | $ 26,000 |
| Poinsett County Arkansas | 1 | $ 30,000 | $ 30,000 | $ 110,000 |
| St. Francis County Arkansas | 1 | $ 87,000 | $ 87,000 | $ 46,000 |
| Okaloosa County Florida | 1 | $ 400,000 | $ 400,000 | $ 285,000 |
| Coweta County Georgia | 1 | $ 136,000 | $ 136,000 | $ 41,000 |
| Dade County Georgia | 1 | $ 101,000 | $ 101,000 | $ 43,000 |
| Forsyth County Georgia | 1 | $ 164,000 | $ 164,000 | $ 98,000 |
| Todd County Kentucky | 1 | $ 275,000 | $ 275,000 | $ 101,000 |
| Orleans County Louisiana | 1 | $ 256,000 | $ 256,000 | $ 572,000 |
| Benton County Mississippi | 1 | $ 98,000 | $ 98,000 | $ 157,000 |
| Coahoma County Mississippi | 1 | $ 68,000 | $ 68,000 | $ 28,000 |
| George County Mississippi | 1 | $ 75,000 | $ 75,000 | $ 62,000 |
| Lee County Mississippi | 1 | $ 135,000 | $ 135,000 | $ 38,000 |
| Oktibbeha County Mississippi | 1 | $ 169,000 | $ 169,000 | $ 51,000 |
| Pontotoc County Mississippi | 1 | $ 145,000 | $ 145,000 | $ 39,000 |
| Quitman County Mississippi | 1 | $ 135,000 | $ 135,000 | $ 29,000 |
| Tishomingo County Mississippi | 1 | $ 165,000 | $ 165,000 | $ 269,000 |
| Yazoo County Mississippi | 1 | $ 74,000 | $ 74,000 | $ 68,000 |
| Anderson County Tennessee | 1 | $ 56,000 | $ 56,000 | $ 45,000 |
| Blount County Tennessee | 1 | $ 86,000 | $ 86,000 | $ 27,000 |
| Carroll County Tennessee | 1 | $ 129,000 | $ 129,000 | $ 0 |
| Clay County Tennessee | 1 | $ 125,000 | $ 125,000 | $ 51,000 |
| Coffee County Tennessee | 1 | $ 187,000 | $ 187,000 | $ 51,000 |
| Gibson County Tennessee | 1 | $ 35,000 | $ 35,000 | $ 33,000 |
| Houston County Tennessee | 1 | $ 51,000 | $ 51,000 | $ 24,000 |
| Lauderdale County Tennessee | 1 | $ 123,000 | $ 123,000 | $ 66,000 |
| Madison County Tennessee | 1 | $ 140,000 | $ 140,000 | $ 108,000 |
| Marion County Tennessee | 1 | $ 74,000 | $ 74,000 | $ 65,000 |
| Polk County Tennessee | 1 | $ 25,000 | $ 25,000 | $ 32,000 |
| Sequatchie County Tennessee | 1 | $ 69,000 | $ 69,000 | $ 32,000 |
| Smith County Tennessee | 1 | $ 137,000 | $ 137,000 | $ 43,000 |
| Stewart County Tennessee | 1 | $ 184,000 | $ 184,000 | $ 52,000 |
| Warren County Tennessee | 1 | $ 85,000 | $ 85,000 | $ 65,000 |
| Weakley County Tennessee | 1 | $ 60,000 | $ 60,000 | $ 90,000 |
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 2009
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 | 2,619 | $418,970,000 | $159,000 | $1,050,000 | $76,000 | $2,324,000 |
| Refinancing | 859 | $196,219,000 | $228,000 | $7,850,000 | $108,000 | $1,092,000 |
| Home Improvement | 39 | $2,653,000 | $68,000 | $960,000 | $120,000 | $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 | 2,887 | $516,424,000 | $178,000 | $2,407,000 | $88,000 | $2,324,000 |
| Black or African American | 408 | $54,485,000 | $133,000 | $719,000 | $57,000 | $1,202,000 |
| Asian | 91 | $18,347,000 | $201,000 | $900,000 | $108,000 | $663,000 |
| Hispanic | 55 | $10,082,000 | $183,000 | $512,000 | $95,000 | $878,000 |
| Not Provided | 44 | $7,914,000 | $179,000 | $575,000 | $98,000 | $663,000 |
| Not applicable | 19 | $8,905,000 | $468,000 | $7,850,000 | $2,000 | $51,000 |
| American Indian or Alaskan Native | 8 | $1,109,000 | $138,000 | $319,000 | $82,000 | $198,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $576,000 | $115,000 | $196,000 | $40,000 | $93,000 |
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) | 1,706 | $349,600,000 | $204,000 | $7,850,000 | $115,000 | $2,324,000 |
| FHA-insured (Federal Housing Administration) | 1,510 | $218,263,000 | $144,000 | $440,000 | $54,000 | $1,202,000 |
| VA-guaranteed (Veterans Administration) | 213 | $38,743,000 | $181,000 | $553,000 | $66,000 | $203,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 88 | $11,236,000 | $127,000 | $347,000 | $43,000 | $110,000 |
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 | 2,432 | $439,277,000 | $180,000 | $7,850,000 | $86,000 | $2,324,000 |
| Application Withdrawn By Applicant | 657 | $116,463,000 | $177,000 | $1,050,000 | $89,000 | $1,778,000 |
| Application Denied By Financial Institution | 390 | $56,524,000 | $144,000 | $719,000 | $67,000 | $1,202,000 |
| File Closed For Incompleteness | 31 | $4,984,000 | $160,000 | $560,000 | $56,000 | $300,000 |
| Application Approved But Not Accepted | 7 | $594,000 | $84,000 | $138,000 | $61,000 | $122,000 |
| 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 | 153 | $19,565,000 | $127,000 | $719,000 | $65,000 | $1,202,000 |
| Debt-To-Income Ratio | 79 | $11,589,000 | $146,000 | $417,000 | $45,000 | $146,000 |
| Other | 59 | $8,644,000 | $146,000 | $417,000 | $89,000 | $400,000 |
| Collateral | 50 | $9,375,000 | $187,000 | $500,000 | $88,000 | $315,000 |
| Employment History | 19 | $2,226,000 | $117,000 | $246,000 | $41,000 | $73,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $2,021,000 | $183,000 | $379,000 | $67,000 | $167,000 |
| Unverifiable Information | 11 | $1,633,000 | $148,000 | $309,000 | $70,000 | $180,000 |
| Credit Application Incomplete | 4 | $720,000 | $180,000 | $276,000 | $60,000 | $97,000 |
| Mortgage Insurance Denied | 4 | $751,000 | $187,000 | $335,000 | $98,000 | $143,000 |
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.