Lee County, TX Mortgage Lenders & HMDA Data, 2007

In 2007, lenders reported 639 mortgage applications in Lee County, TX totaling $68.9 million, down 3% from 2006. The average application was for $107,000, and applicants reported an average income of $70,000. 33% of applications resulted in an originated loan and 29% were denied. The most active lender was Nationstar Mortgage, with 55 applications, followed by Countrywide Home Loans and Capital One NA.

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Total Number of Mortgage Applications 639
Total Mortgage Loan Application Amount $68,937,000
Average Mortgage Loan Application Amount $107,000
Highest Mortgage Loan Application Amount $1,060,000
Average Applicant Income $70,000
Highest Applicant Income $430,000
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Top Mortgage Lenders in Lee County, TX (2007)

Ranked by the number of mortgage applications each lender reported in Lee County, TX in 2007.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Nationstar Mortgage
Coppell, TX
55 $6,432,000 $116,000 $70,000
2 Countrywide Home Loans
Westlake Village, CA
40 $4,979,000 $124,000 $77,000
3 Capital One NA
Baton Rouge, LA
32 $1,353,000 $42,000 $92,000
4 Prosperity Bank
El Campo, TX
31 $730,000 $23,000 $57,000
5 JPMorgan Chase Bank, NA
Columbus, OH
31 $4,238,000 $136,000 $66,000
6 Primelending
Dallas, TX
26 $3,774,000 $145,000 $74,000
7 Gmac Mortgage LLC
Ft. Washington, PA
24 $2,711,000 $112,000 $37,000
8 Beneficial Company LLC
Mettawa, IL
23 $1,829,000 $79,000 $56,000
9 Hfc Company LLC
Mettawa, IL
22 $1,410,000 $64,000 $66,000
10 Countrywide Bank FSB
Westlake Village, CA
18 $2,101,000 $116,000 $99,000

See every lender active in Lee County, TX in 2007 »

The tables below break down 2007 mortgage applications in Lee County, TX by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Lee County, TX in 2007

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 283 $35,317,000 $124,000 $417,000 $78,000 $384,000
Home Purchase 244 $29,308,000 $120,000 $1,060,000 $61,000 $430,000
Home Improvement 112 $4,312,000 $38,000 $180,000 $67,000 $425,000

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 413 $46,656,000 $112,000 $1,060,000 $75,000 $430,000
Not Provided 83 $8,259,000 $99,000 $260,000 $72,000 $425,000
Hispanic 61 $5,357,000 $87,000 $370,000 $62,000 $232,000
Not applicable 39 $4,627,000 $118,000 $417,000 $26,000 $232,000
Black or African American 31 $2,650,000 $85,000 $219,000 $50,000 $108,000
Asian 6 $977,000 $162,000 $245,000 $150,000 $180,000
American Indian or Alaskan Native 4 $211,000 $52,000 $75,000 $62,000 $120,000
Native Hawaiian or Other Pacific Islander 2 $200,000 $100,000 $114,000 $69,000 $85,000

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) 580 $62,289,000 $107,000 $1,060,000 $72,000 $430,000
FHA-insured (Federal Housing Administration) 54 $5,737,000 $106,000 $183,000 $43,000 $98,000
VA-guaranteed (Veterans Administration) 4 $777,000 $194,000 $315,000 $86,000 $125,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $134,000 $134,000 $134,000 $78,000 $78,000

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 213 $23,471,000 $110,000 $1,060,000 $76,000 $425,000
Application Denied By Financial Institution 188 $16,645,000 $88,000 $417,000 $67,000 $254,000
Loan Purchased By The Institution 102 $12,147,000 $119,000 $417,000 $56,000 $334,000
Application Withdrawn By Applicant 73 $9,170,000 $125,000 $775,000 $74,000 $430,000
Application Approved But Not Accepted 44 $4,406,000 $100,000 $290,000 $64,000 $154,000
File Closed For Incompleteness 19 $3,098,000 $163,000 $325,000 $90,000 $240,000
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 59 $3,400,000 $57,000 $175,000 $70,000 $212,000
Collateral 29 $4,033,000 $139,000 $417,000 $82,000 $236,000
Other 15 $1,563,000 $104,000 $272,000 $67,000 $150,000
Debt-To-Income Ratio 8 $774,000 $96,000 $395,000 $52,000 $77,000
Unverifiable Information 3 $162,000 $54,000 $79,000 $94,000 $105,000
Credit Application Incomplete 3 $340,000 $113,000 $152,000 $60,000 $100,000
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
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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