Glades County, FL Mortgage Lenders & HMDA Data, 2004

In 2004, lenders reported 482 mortgage applications in Glades County, FL totaling $46.2 million, up 22% from 2003. The average application was for $95,000, and applicants reported an average income of $59,000. 31% of applications resulted in an originated loan and 30% were denied. The most active lender was Ameriquest Mortgage Company, with 47 applications, followed by Wells Fargo Bank, NA and Bank of America, N.A..

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Total Number of Mortgage Applications 482
Total Mortgage Loan Application Amount $46,169,000
Average Mortgage Loan Application Amount $95,000
Highest Mortgage Loan Application Amount $975,000
Average Applicant Income $59,000
Highest Applicant Income $636,000
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Top Mortgage Lenders in Glades County, FL (2004)

Ranked by the number of mortgage applications each lender reported in Glades County, FL in 2004.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Ameriquest Mortgage Company
Orange, CA
47 $4,517,000 $96,000 $108,000
2 Wells Fargo Bank, NA
Des Moines, IA
35 $2,801,000 $80,000 $35,000
3 Bank of America, N.A.
Calabasas, CA
25 $2,447,000 $97,000 $81,000
4 Harbor Federal Savings Bank
Fort Pierce, FL
25 $2,343,000 $93,000 $68,000
5 Argent Mortgage Company
Orange, CA
14 $959,000 $68,000 $32,000
6 Washington Mutual Bank
Albion, NY
14 $2,203,000 $157,000 $57,000
7 Countrywide Home Loans
Westlake Village, CA
13 $2,102,000 $161,000 $75,000
8 JPMorgan Chase Bank, NA
Columbus, OH
12 $488,000 $40,000 $26,000
9 Hfc
Elmhurst, IL
11 $796,000 $72,000 $46,000
10 Florida Community Bank
Labelle, FL
11 $623,000 $56,000 $24,000

See every lender active in Glades County, FL in 2004 »

The tables below break down 2004 mortgage applications in Glades County, FL by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Glades County, FL in 2004

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
Refinancing 280 $27,202,000 $97,000 $975,000 $56,000 $590,000
Home Purchase 165 $16,989,000 $102,000 $465,000 $68,000 $636,000
Home Improvement 37 $1,978,000 $53,000 $186,000 $46,000 $163,000

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 293 $29,654,000 $101,000 $975,000 $61,000 $590,000
Not Provided 92 $7,708,000 $83,000 $240,000 $51,000 $420,000
Hispanic 46 $4,800,000 $104,000 $465,000 $93,000 $636,000
Not applicable 35 $2,650,000 $75,000 $258,000 $12,000 $109,000
Black or African American 12 $948,000 $79,000 $425,000 $43,000 $105,000
American Indian or Alaskan Native 2 $165,000 $82,000 $91,000 $62,000 $79,000
Asian 2 $244,000 $122,000 $150,000 $46,000 $62,000
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) 451 $43,824,000 $97,000 $975,000 $62,000 $636,000
FHA-insured (Federal Housing Administration) 25 $1,972,000 $78,000 $162,000 $30,000 $83,000
VA-guaranteed (Veterans Administration) 6 $373,000 $62,000 $88,000 $25,000 $56,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

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 151 $15,857,000 $105,000 $975,000 $72,000 $590,000
Application Denied By Financial Institution 144 $11,704,000 $81,000 $425,000 $51,000 $636,000
Application Withdrawn By Applicant 56 $6,320,000 $112,000 $975,000 $62,000 $590,000
Application Approved But Not Accepted 48 $4,747,000 $98,000 $465,000 $66,000 $500,000
Loan Purchased By The Institution 48 $4,224,000 $88,000 $258,000 $30,000 $154,000
File Closed For Incompleteness 35 $3,317,000 $94,000 $225,000 $67,000 $480,000
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
Other 40 $3,797,000 $94,000 $413,000 $72,000 $636,000
Credit History 30 $2,252,000 $75,000 $425,000 $44,000 $149,000
Collateral 25 $1,585,000 $63,000 $142,000 $50,000 $157,000
Debt-To-Income Ratio 13 $1,044,000 $80,000 $137,000 $36,000 $135,000
Credit Application Incomplete 8 $566,000 $70,000 $184,000 $46,000 $115,000
Unverifiable Information 3 $287,000 $95,000 $104,000 $51,000 $85,000
Insufficient Cash (Downpayment, Closing Cost) 2 $155,000 $77,000 $83,000 $33,000 $66,000
Mortgage Insurance Denied 1 $56,000 $56,000 $56,000 $76,000 $76,000
Employment History 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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