1st Alliance Lending, LLC Mortgage Lending & HMDA Data, 2018
In 2018, 1st Alliance Lending, LLC of East Hartford, CT reported 3,069 mortgage applications totaling $556.4 million, down 28% from 2017. The average application was for $181,282, and applicants reported an average income of $79,107. 56% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (150), Hartford-West Hartford-East Hartford, CT (82) and Chicago-Naperville-Arlington Heights, IL (67) (applications in parentheses).
| Mortgage Company & Address | 1st Alliance Lending, LLC 111 Founders Plaza, Suite 1300 East Hartford, CT 06108 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 3,069 |
| Total Mortgage Loan Application Amount | $556,355,000 |
| Average Mortgage Loan Application Amount | $181,282 |
| Highest Mortgage Loan Application Amount | $685,000 |
| Average Applicant Income | $79,107 |
| Highest Applicant Income | $550,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records 1st Alliance Lending, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for 1st Alliance Lending, LLC in 2018
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 | 2,224 | $404,780,000 | $182,000 | $685,000 | $77,000 | $550,000 |
| Refinancing | 753 | $134,755,000 | $178,000 | $435,000 | $84,000 | $283,000 |
| Cash-out Refinancing | 92 | $16,820,000 | $182,000 | $615,000 | $90,000 | $213,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 2,017 | $360,185,000 | $178,000 | $525,000 | $79,000 | $550,000 |
| Black or African American | 516 | $93,030,000 | $180,000 | $505,000 | $77,000 | $270,000 |
| Hispanic | 267 | $50,395,000 | $188,000 | $685,000 | $76,000 | $226,000 |
| Not Provided | 146 | $27,120,000 | $185,000 | $615,000 | $73,000 | $250,000 |
| Asian | 77 | $17,095,000 | $222,000 | $665,000 | $88,000 | $209,000 |
| American Indian or Alaskan Native | 32 | $5,620,000 | $175,000 | $365,000 | $73,000 | $139,000 |
| Native Hawaiian or Other Pacific Islander | 14 | $2,910,000 | $207,000 | $325,000 | $61,000 | $92,000 |
| Not applicable | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 2,567 | $463,625,000 | $180,000 | $615,000 | $78,000 | $298,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 263 | $55,945,000 | $212,000 | $685,000 | $97,000 | $550,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 239 | $36,785,000 | $153,000 | $475,000 | $58,000 | $156,000 |
| VA-guaranteed (Veterans Administration) | 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 | 1,711 | $308,825,000 | $180,000 | $615,000 | $79,000 | $550,000 |
| Application Withdrawn By Applicant | 696 | $128,980,000 | $185,000 | $665,000 | $81,000 | $385,000 |
| Application Denied By Financial Institution | 473 | $85,385,000 | $180,000 | $685,000 | $70,000 | $288,000 |
| File Closed For Incompleteness | 129 | $22,055,000 | $170,000 | $355,000 | $72,000 | $163,000 |
| Application Approved But Not Accepted | 49 | $8,995,000 | $183,000 | $385,000 | $108,000 | $258,000 |
| Preapproval Denied by Financial Institution | 6 | $1,090,000 | $181,000 | $315,000 | $73,000 | $186,000 |
| Preapproval Approved but not Accepted | 5 | $1,025,000 | $205,000 | $435,000 | $69,000 | $101,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,590 | $469,880,000 | $181,000 | $665,000 | $80,000 | $550,000 |
| Credit History | 159 | $27,965,000 | $175,000 | $615,000 | $73,000 | $201,000 |
| Debt-To-Income Ratio | 108 | $20,870,000 | $193,000 | $685,000 | $60,000 | $213,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 84 | $14,840,000 | $176,000 | $415,000 | $71,000 | $250,000 |
| Collateral | 51 | $8,035,000 | $157,000 | $365,000 | $69,000 | $288,000 |
| Unverifiable Information | 40 | $8,380,000 | $209,000 | $595,000 | $80,000 | $189,000 |
| Other | 30 | $5,380,000 | $179,000 | $465,000 | $84,000 | $184,000 |
| Employment History | 7 | $1,005,000 | $143,000 | $305,000 | $46,000 | $58,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into 1st Alliance Lending, LLC's 2018 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess 1st Alliance Lending, LLC's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Connecticut, download the full spreadsheet
with aggregated HMDA statistics today.
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