Hillsborough County, NH Mortgage Lenders & HMDA Data, 2010

In 2010, lenders reported 27,337 mortgage applications in Hillsborough County, NH totaling $5.7 billion, down 15% from 2009. The average application was for $208,000, and applicants reported an average income of $86,000. 48% of applications resulted in an originated loan and 14% were denied. The most active lender was Bank of America, N.A., with 3,031 applications, followed by Wells Fargo Bank, NA and JPMorgan Chase Bank, NA.

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Total Number of Mortgage Applications 27,337
Total Mortgage Loan Application Amount $5,687,692,000
Average Mortgage Loan Application Amount $208,000
Highest Mortgage Loan Application Amount $15,400,000
Average Applicant Income $86,000
Highest Applicant Income $2,650,000
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Top Mortgage Lenders in Hillsborough County, NH (2010)

Ranked by the number of mortgage applications each lender reported in Hillsborough County, NH in 2010.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Bank of America, N.A.
Calabasas, CA
3,031 $654,654,000 $215,000 $87,000
2 Wells Fargo Bank, NA
Winston-Salem, NC
2,925 $609,633,000 $208,000 $104,000
3 JPMorgan Chase Bank, NA
Columbus, OH
1,341 $285,416,000 $212,000 $86,000
4 Ally Bank F/K/A/ Gmac Bank
Ft. Washington, PA
1,186 $258,149,000 $217,000 $38,000
5 Rbs Citizens, N.A.
Providence, RI
971 $178,455,000 $183,000 $108,000
6 TD Bank N.A.
Falmouth, ME
945 $145,394,000 $153,000 $104,000
7 Residential Mortgage Services, Inc.
South Portland, ME
927 $192,134,000 $207,000 $81,000
8 Gmac Mortgage LLC
Ft. Washington, PA
923 $197,854,000 $214,000 $0
9 Wells Fargo Funding, Inc
Winston-Salem, NC
834 $179,406,000 $215,000 $81,000
10 Merrimack Mortgage Company, in
Manchester, NH
833 $180,092,000 $216,000 $93,000

See every lender active in Hillsborough County, NH in 2010 »

The tables below break down 2010 mortgage applications in Hillsborough County, NH by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Hillsborough County, NH in 2010

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 19,609 $4,192,997,000 $213,000 $6,500,000 $89,000 $2,650,000
Home Purchase 6,779 $1,392,048,000 $205,000 $15,400,000 $77,000 $1,244,000
Home Improvement 949 $102,647,000 $108,000 $15,389,000 $86,000 $547,000

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 20,092 $4,060,893,000 $202,000 $3,484,000 $94,000 $2,355,000
Not Provided 2,852 $607,351,000 $212,000 $1,300,000 $99,000 $2,650,000
Not applicable 2,824 $662,820,000 $234,000 $15,400,000 $8,000 $316,000
Asian 935 $227,177,000 $242,000 $560,000 $117,000 $1,500,000
Hispanic 419 $86,045,000 $205,000 $1,500,000 $83,000 $1,427,000
Black or African American 144 $29,132,000 $202,000 $457,000 $82,000 $286,000
American Indian or Alaskan Native 43 $6,950,000 $161,000 $304,000 $115,000 $708,000
Native Hawaiian or Other Pacific Islander 28 $7,324,000 $261,000 $1,620,000 $146,000 $932,000

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) 20,104 $4,086,697,000 $203,000 $15,400,000 $95,000 $2,650,000
FHA-insured (Federal Housing Administration) 6,152 $1,353,934,000 $220,000 $492,000 $62,000 $1,152,000
VA-guaranteed (Veterans Administration) 866 $208,175,000 $240,000 $673,000 $53,000 $1,619,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 215 $38,886,000 $180,000 $355,000 $58,000 $114,000

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 13,062 $2,669,506,000 $204,000 $15,389,000 $99,000 $1,750,000
Loan Purchased By The Institution 6,145 $1,346,569,000 $219,000 $672,000 $51,000 $733,000
Application Denied By Financial Institution 3,916 $773,699,000 $197,000 $1,784,000 $87,000 $2,650,000
Application Withdrawn By Applicant 2,382 $515,173,000 $216,000 $15,400,000 $99,000 $2,355,000
Application Approved But Not Accepted 1,006 $206,528,000 $205,000 $1,292,000 $101,000 $1,115,000
File Closed For Incompleteness 826 $176,217,000 $213,000 $935,000 $88,000 $1,500,000
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
Collateral 1,093 $243,133,000 $222,000 $1,784,000 $107,000 $1,588,000
Debt-To-Income Ratio 704 $133,427,000 $189,000 $1,211,000 $61,000 $829,000
Other 535 $110,586,000 $206,000 $840,000 $93,000 $1,750,000
Credit History 409 $53,878,000 $131,000 $632,000 $77,000 $1,619,000
Credit Application Incomplete 291 $59,166,000 $203,000 $1,430,000 $100,000 $2,650,000
Unverifiable Information 100 $20,083,000 $200,000 $417,000 $91,000 $480,000
Insufficient Cash (Downpayment, Closing Cost) 55 $11,457,000 $208,000 $630,000 $108,000 $624,000
Employment History 44 $8,252,000 $187,000 $417,000 $83,000 $215,000
Mortgage Insurance Denied 11 $2,361,000 $214,000 $390,000 $99,000 $157,000

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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