Accelerate Mortgage, LLC Mortgage Lending & HMDA Data, 2021
In 2021, Accelerate Mortgage, LLC of Newark, DE reported 4,262 mortgage applications totaling $1.2 billion, up 21% from 2020. The average application was for $280,743, and applicants reported an average income of $21,973. 58% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (204), Virginia Beach-Norfolk-Newport News, VA-NC (168) and Minneapolis-St. Paul-Bloomington, MN-WI (96) (applications in parentheses).
| Mortgage Company & Address | Accelerate Mortgage, LLC 750 Prides Crossing #303 Newark, DE 19713 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 |
| Total Number of Mortgage Applications | 4,262 |
| Total Mortgage Loan Application Amount | $1,196,530,000 |
| Average Mortgage Loan Application Amount | $280,743 |
| Highest Mortgage Loan Application Amount | $1,355,000 |
| Average Applicant Income | $21,973 |
| Highest Applicant Income | $1,560,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Accelerate Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Accelerate Mortgage, LLC in 2021
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 | 3,326 | $880,520,000 | $264,000 | $1,125,000 | $2,000 | $256,000 |
| Cash-out Refinancing | 928 | $312,710,000 | $336,000 | $1,355,000 | $93,000 | $1,560,000 |
| Home Purchase | 8 | $3,300,000 | $412,000 | $645,000 | $87,000 | $149,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 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 | 2,652 | $744,210,000 | $280,000 | $1,355,000 | $21,000 | $624,000 |
| Black or African American | 718 | $200,150,000 | $278,000 | $895,000 | $22,000 | $256,000 |
| Hispanic | 420 | $118,420,000 | $281,000 | $1,125,000 | $22,000 | $530,000 |
| Not Provided | 328 | $91,320,000 | $278,000 | $1,305,000 | $31,000 | $1,560,000 |
| Asian | 74 | $20,710,000 | $279,000 | $665,000 | $21,000 | $193,000 |
| American Indian or Alaskan Native | 41 | $13,045,000 | $318,000 | $655,000 | $9,000 | $148,000 |
| Native Hawaiian or Other Pacific Islander | 25 | $7,715,000 | $308,000 | $775,000 | $8,000 | $114,000 |
| 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 |
|---|---|---|---|---|---|---|
| VA-guaranteed (Veterans Administration) | 4,046 | $1,129,690,000 | $279,000 | $1,125,000 | $18,000 | $1,560,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 205 | $63,615,000 | $310,000 | $1,355,000 | $97,000 | $447,000 |
| FHA-insured (Federal Housing Administration) | 11 | $3,225,000 | $293,000 | $515,000 | $64,000 | $101,000 |
| 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 | 2,488 | $731,080,000 | $293,000 | $1,125,000 | $12,000 | $530,000 |
| File Closed For Incompleteness | 750 | $191,700,000 | $255,000 | $1,355,000 | $36,000 | $1,560,000 |
| Application Denied By Financial Institution | 387 | $87,645,000 | $226,000 | $975,000 | $35,000 | $1,428,000 |
| Application Withdrawn By Applicant | 366 | $105,160,000 | $287,000 | $1,305,000 | $47,000 | $298,000 |
| Application Approved But Not Accepted | 271 | $80,945,000 | $298,000 | $1,115,000 | $18,000 | $286,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 3,875 | $1,108,885,000 | $286,000 | $1,355,000 | $21,000 | $1,560,000 |
| Credit History | 215 | $43,955,000 | $204,000 | $685,000 | $27,000 | $624,000 |
| Other | 133 | $31,085,000 | $233,000 | $975,000 | $27,000 | $216,000 |
| Debt-To-Income Ratio | 21 | $7,685,000 | $365,000 | $895,000 | $56,000 | $236,000 |
| Collateral | 13 | $4,145,000 | $318,000 | $515,000 | $200,000 | $1,428,000 |
| Unverifiable Information | 3 | $505,000 | $168,000 | $295,000 | $16,000 | $50,000 |
| Employment History | 2 | $270,000 | $135,000 | $165,000 | $40,000 | $81,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Accelerate Mortgage, LLC's 2021 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 Accelerate Mortgage, 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 Delaware, download the full spreadsheet
with aggregated HMDA statistics today.
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