Access National Mortgage Mortgage Lending & HMDA Data, 2004

In 2004, Access National Mortgage of Reston, VA reported 3,781 mortgage applications totaling $658.7 million, down 41% from 2003. The average application was for $174,224, and applicants reported an average income of $65,511. 85% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Fort Worth-Arlington, TX (396), Roanoke, VA (149) and Chicago-Naperville-Joliet, IL (147) (applications in parentheses).

Mortgage Company & Address Access National Mortgage
1800 Robert Fulton Drive, Suite 350
Reston, VA 20191
Tel #: available with data download
Federal Regulator * available with data download
Years 2004  2003  
Total Number of Mortgage Applications 3,781
Total Mortgage Loan Application Amount $658,741,000
Average Mortgage Loan Application Amount $174,224
Highest Mortgage Loan Application Amount $1,406,000
Average Applicant Income $65,511
Highest Applicant Income $1,456,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Access National Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Access National Mortgage by Metropolitan Area in 2004

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Fort Worth-Arlington, TX 396 $ 44,677,000 $ 112,820 $ 52,000
Roanoke, VA 149 $ 17,891,000 $ 120,073 $ 55,000
Chicago-Naperville-Joliet, IL 147 $ 25,414,000 $ 172,884 $ 46,000
Richmond, VA 138 $ 17,243,000 $ 124,949 $ 50,000
Nashville-Davidson--Murfreesboro, TN 122 $ 17,631,000 $ 144,516 $ 67,000
Dallas-Plano-Irving, TX 121 $ 14,372,000 $ 118,776 $ 33,000
Camden, NJ 86 $ 10,670,000 $ 124,069 $ 42,000
Bethesda-Frederick-Gaithersburg, MD 82 $ 21,663,000 $ 264,182 $ 105,000
Newark-Union, NJ-PA 63 $ 11,812,000 $ 187,492 $ 51,000
Lynchburg, VA 55 $ 5,953,000 $ 108,236 $ 37,000
Edison, NJ 53 $ 9,421,000 $ 177,754 $ 54,000
Baltimore-Towson, MD 49 $ 9,875,000 $ 201,530 $ 84,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 45 $ 11,210,000 $ 249,111 $ 100,000
Virginia Beach-Norfolk-Newport News, VA-NC 43 $ 4,970,000 $ 115,581 $ 50,000
New Orleans-Metairie-Kenner, LA 40 $ 3,957,000 $ 98,925 $ 4,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 39 $ 5,388,000 $ 138,153 $ 58,000
Atlanta-Sandy Springs-Marietta, GA 34 $ 4,344,000 $ 127,764 $ 36,000
Baton Rouge, LA 34 $ 3,122,000 $ 91,823 $ 0
New York-Wayne-White Plains, NY-NJ 32 $ 6,675,000 $ 208,593 $ 47,000
Jackson, MS 31 $ 2,890,000 $ 93,225 $ 6,000
Birmingham-Hoover, AL 27 $ 2,736,000 $ 101,333 $ 11,000
Nassau-Suffolk, NY 23 $ 6,132,000 $ 266,608 $ 81,000
Miami-Miami Beach-Kendall, FL 22 $ 3,767,000 $ 171,227 $ 127,000
Houston-Baytown-Sugar Land, TX 17 $ 2,297,000 $ 135,117 $ 29,000
Riverside-San Bernardino-Ontario, CA 17 $ 3,254,000 $ 191,411 $ 72,000
Orlando, FL 15 $ 2,426,000 $ 161,733 $ 320,000
West Palm Beach-Boca Raton-Boynton Beach, FL 15 $ 4,312,000 $ 287,466 $ 102,000
Atlantic City, NJ 14 $ 1,427,000 $ 101,928 $ 42,000
Blacksburg-Christiansburg-Radford, VA 14 $ 1,736,000 $ 124,000 $ 54,000
Danville, VA 14 $ 1,400,000 $ 100,000 $ 83,000
Denver-Aurora, CO 14 $ 2,076,000 $ 148,285 $ 45,000
Tampa-St. Petersburg-Clearwater, FL 14 $ 2,431,000 $ 173,642 $ 64,000
Charlottesville, VA 11 $ 1,626,000 $ 147,818 $ 92,000
Deltona-Daytona Beach-Ormond Beach, FL 11 $ 2,652,000 $ 241,090 $ 519,000
Philadelphia, PA 11 $ 2,027,000 $ 184,272 $ 76,000
Charlotte-Gastonia-Concord, NC-SC 10 $ 1,042,000 $ 104,200 $ 24,000
Jacksonville, FL 10 $ 1,713,000 $ 171,300 $ 68,000
Trenton-Ewing, NJ 10 $ 1,252,000 $ 125,200 $ 48,000
York-Hanover, PA 10 $ 1,818,000 $ 181,800 $ 72,000
Boston-Quincy, MA 9 $ 1,697,000 $ 188,555 $ 44,000
Columbus, OH 9 $ 1,061,000 $ 117,888 $ 13,000
Harrisonburg, VA 9 $ 1,075,000 $ 119,444 $ 42,000
Austin-Round Rock, TX 8 $ 1,193,000 $ 149,125 $ 56,000
Wilmington, NC 8 $ 1,006,000 $ 125,750 $ 61,000
Buffalo-Niagara Falls, NY 7 $ 675,000 $ 96,428 $ 36,000
Cape Coral-Fort Myers, FL 7 $ 783,000 $ 111,857 $ 73,000
Gary, IN 7 $ 671,000 $ 95,857 $ 40,000
Gulfport-Biloxi, MS 7 $ 513,000 $ 73,285 $ 9,000
Huntsville, AL 7 $ 695,000 $ 99,285 $ 0
Pascagoula, MS 7 $ 588,000 $ 84,000 $ 0
Poughkeepsie-Newburgh-Middletown, NY 7 $ 1,017,000 $ 145,285 $ 34,000
San Antonio, TX 7 $ 965,000 $ 137,857 $ 59,000
Cincinnati-Middletown, OH-KY-IN 6 $ 735,000 $ 122,500 $ 21,000
Las Vegas-Paradise, NV 6 $ 1,002,000 $ 167,000 $ 66,000
Los Angeles-Long Beach-Glendale, CA 6 $ 1,050,000 $ 175,000 $ 75,000
Raleigh-Cary, NC 6 $ 973,000 $ 162,166 $ 72,000
Vineland-Millville-Bridgeton, NJ 6 $ 603,000 $ 100,500 $ 21,000
Albany-Schenectady-Troy, NY 5 $ 551,000 $ 110,200 $ 34,000
Boise City-Nampa, ID 5 $ 470,000 $ 94,000 $ 0
Cambridge-Newton-Framingham, MA 5 $ 952,000 $ 190,400 $ 77,000
Fayetteville-Springdale-Rogers, AR-MO 5 $ 747,000 $ 149,400 $ 51,000
Greensboro-High Point, NC 5 $ 449,000 $ 89,800 $ 0
Houma-Bayou Cane-Thibodaux, LA 5 $ 474,000 $ 94,800 $ 0
Indianapolis, IN 5 $ 467,000 $ 93,400 $ 10,000
Lake County-Kenosha County, IL-WI 5 $ 741,000 $ 148,200 $ 33,000
New Haven-Milford, CT 5 $ 844,000 $ 168,800 $ 97,000
Reno-Sparks, NV 5 $ 820,000 $ 164,000 $ 68,000
Sacramento--Arden-Arcade--Roseville, CA 5 $ 1,084,000 $ 216,800 $ 60,000
Albuquerque, NM 4 $ 734,000 $ 183,500 $ 99,000
Hartford-West Hartford-East Hartford, CT 4 $ 563,000 $ 140,750 $ 34,000
Lafayette, LA 4 $ 339,000 $ 84,750 $ 0
Little Rock-North Little Rock, AR 4 $ 365,000 $ 91,250 $ 6,000
Ocean City, NJ 4 $ 869,000 $ 217,250 $ 132,000
Phoenix-Mesa-Scottsdale, AZ 4 $ 872,000 $ 218,000 $ 133,000
Pittsburgh, PA 4 $ 395,000 $ 98,750 $ 51,000
Portland-Vancouver-Beaverton, OR-WA 4 $ 930,000 $ 232,500 $ 108,000
Rochester, NY 4 $ 314,000 $ 78,500 $ 8,000
San Jose-Sunnyvale-Santa Clara, CA 4 $ 1,584,000 $ 396,000 $ 183,000
Seattle-Bellevue-Everett, WA 4 $ 921,000 $ 230,250 $ 51,000
Springfield, MA 4 $ 594,000 $ 148,500 $ 80,000
Wilmington, DE-MD-NJ 4 $ 425,000 $ 106,250 $ 72,000
Winston-Salem, NC 4 $ 344,000 $ 86,000 $ 20,000
Worcester, MA 4 $ 725,000 $ 181,250 $ 58,000
Augusta-Richmond County, GA-SC 3 $ 257,000 $ 85,666 $ 0
Bridgeport-Stamford-Norwalk, CT 3 $ 1,874,000 $ 624,666 $ 172,000
Cleveland-Elyria-Mentor, OH 3 $ 411,000 $ 137,000 $ 0
Colorado Springs, CO 3 $ 722,000 $ 240,666 $ 97,000
Greenville, SC 3 $ 289,000 $ 96,333 $ 49,000
Honolulu, HI 3 $ 524,000 $ 174,666 $ 0
Kingsport-Bristol-Bristol, TN-VA 3 $ 254,000 $ 84,666 $ 20,000
Memphis, TN-MS-AR 3 $ 367,000 $ 122,333 $ 34,000
Minneapolis-St. Paul-Bloomington, MN-WI 3 $ 527,000 $ 175,666 $ 39,000
Montgomery, AL 3 $ 257,000 $ 85,666 $ 0
Port St. Lucie-Fort Pierce, FL 3 $ 427,000 $ 142,333 $ 122,000
Rocky Mount, NC 3 $ 403,000 $ 134,333 $ 50,000
San Diego-Carlsbad-San Marcos, CA 3 $ 508,000 $ 169,333 $ 66,000
Scranton--Wilkes-Barre, PA 3 $ 721,000 $ 240,333 $ 123,000
South Bend-Mishawaka, IN-MI 3 $ 261,000 $ 87,000 $ 0
Warren-Farmington Hills-Troy, MI 3 $ 651,000 $ 217,000 $ 78,000
Winchester, VA-WV 3 $ 589,000 $ 196,333 $ 46,000
Akron, OH 2 $ 262,000 $ 131,000 $ 34,000
Alexandria, LA 2 $ 199,000 $ 99,500 $ 0
Cedar Rapids, IA 2 $ 171,000 $ 85,500 $ 38,000
Champaign-Urbana, IL 2 $ 520,000 $ 260,000 $ 188,000
Charleston-North Charleston, SC 2 $ 220,000 $ 110,000 $ 16,000
Chattanooga, TN-GA 2 $ 217,000 $ 108,500 $ 32,000
Cleveland, TN 2 $ 323,000 $ 161,500 $ 132,000
Decatur, AL 2 $ 179,000 $ 89,500 $ 0
Dothan, AL 2 $ 198,000 $ 99,000 $ 0
Essex County, MA 2 $ 716,000 $ 358,000 $ 104,000
Fayetteville, NC 2 $ 204,000 $ 102,000 $ 25,000
Hattiesburg, MS 2 $ 239,000 $ 119,500 $ 53,000
Hickory-Lenoir-Morganton, NC 2 $ 215,000 $ 107,500 $ 29,000
Jacksonville, NC 2 $ 223,000 $ 111,500 $ 18,000
Knoxville, TN 2 $ 204,000 $ 102,000 $ 0
Louisville, KY-IN 2 $ 194,000 $ 97,000 $ 0
Mobile, AL 2 $ 190,000 $ 95,000 $ 0
Myrtle Beach-Conway-North Myrtle Beach, SC 2 $ 111,000 $ 55,500 $ 30,000
Naples-Marco Island, FL 2 $ 635,000 $ 317,500 $ 246,000
Ocala, FL 2 $ 232,000 $ 116,000 $ 123,000
Ogden-Clearfield, UT 2 $ 236,000 $ 118,000 $ 144,000
Omaha-Council Bluffs, NE-IA 2 $ 205,000 $ 102,500 $ 30,000
Palm Bay-Melbourne-Titusville, FL 2 $ 384,000 $ 192,000 $ 82,000
Reading, PA 2 $ 259,000 $ 129,500 $ 0
Santa Ana-Anaheim-Irvine, CA 2 $ 1,300,000 $ 650,000 $ 160,000
St. Louis, MO-IL 2 $ 212,000 $ 106,000 $ 71,000
Syracuse, NY 2 $ 186,000 $ 93,000 $ 22,000
Altoona, PA 1 $ 140,000 $ 140,000 $ 230,000
Anderson, SC 1 $ 210,000 $ 210,000 $ 56,000
Anniston-Oxford, AL 1 $ 105,000 $ 105,000 $ 0
Asheville, NC 1 $ 83,000 $ 83,000 $ 0
Auburn-Opelika, AL 1 $ 80,000 $ 80,000 $ 0
Bloomington, IN 1 $ 79,000 $ 79,000 $ 0
Bloomington-Normal, IL 1 $ 95,000 $ 95,000 $ 0
Boulder, CO 1 $ 395,000 $ 395,000 $ 80,000
Canton-Massillon, OH 1 $ 77,000 $ 77,000 $ 0
Carson City, NV 1 $ 213,000 $ 213,000 $ 120,000
Clarksville, TN-KY 1 $ 83,000 $ 83,000 $ 30,000
Columbia, SC 1 $ 113,000 $ 113,000 $ 78,000
Corvallis, OR 1 $ 190,000 $ 190,000 $ 65,000
Cumberland, MD-WV 1 $ 77,000 $ 77,000 $ 0
Des Moines, IA 1 $ 74,000 $ 74,000 $ 0
Erie, PA 1 $ 90,000 $ 90,000 $ 24,000
Florence, SC 1 $ 334,000 $ 334,000 $ 338,000
Florence-Muscle Shoals, AL 1 $ 83,000 $ 83,000 $ 0
Fort Smith, AR-OK 1 $ 66,000 $ 66,000 $ 114,000
Gadsden, AL 1 $ 82,000 $ 82,000 $ 0
Glens Falls, NY 1 $ 64,000 $ 64,000 $ 0
Greenville, NC 1 $ 90,000 $ 90,000 $ 0
Huntington-Ashland, WV-KY-OH 1 $ 93,000 $ 93,000 $ 0
Ithaca, NY 1 $ 95,000 $ 95,000 $ 33,000
Jackson, MI 1 $ 122,000 $ 122,000 $ 37,000
Kansas City, MO-KS 1 $ 229,000 $ 229,000 $ 157,000
Kingston, NY 1 $ 92,000 $ 92,000 $ 63,000
Lancaster, PA 1 $ 111,000 $ 111,000 $ 37,000
Lansing-East Lansing, MI 1 $ 156,000 $ 156,000 $ 0
Lexington-Fayette, KY 1 $ 89,000 $ 89,000 $ 0
Manchester-Nashua, NH 1 $ 232,000 $ 232,000 $ 0
Midland, TX 1 $ 128,000 $ 128,000 $ 54,000
Milwaukee-Waukesha-West Allis, WI 1 $ 314,000 $ 314,000 $ 108,000
Monroe, LA 1 $ 91,000 $ 91,000 $ 0
Muskegon-Norton Shores, MI 1 $ 72,000 $ 72,000 $ 0
Norwich-New London, CT 1 $ 152,000 $ 152,000 $ 89,000
Oakland-Fremont-Hayward, CA 1 $ 280,000 $ 280,000 $ 76,000
Peoria, IL 1 $ 85,000 $ 85,000 $ 0
Portland-South Portland-Biddeford, ME 1 $ 262,000 $ 262,000 $ 138,000
Prescott, AZ 1 $ 100,000 $ 100,000 $ 26,000
Providence-New Bedford-Fall River, RI-MA 1 $ 366,000 $ 366,000 $ 130,000
Rochester, MN 1 $ 125,000 $ 125,000 $ 69,000
Rockford, IL 1 $ 258,000 $ 258,000 $ 119,000
Rockingham County-Strafford County, NH 1 $ 280,000 $ 280,000 $ 91,000
Salisbury, MD 1 $ 195,000 $ 195,000 $ 45,000
Salt Lake City, UT 1 $ 178,000 $ 178,000 $ 87,000
San Luis Obispo-Paso Robles, CA 1 $ 140,000 $ 140,000 $ 140,000
Sarasota-Bradenton-Venice, FL 1 $ 155,000 $ 155,000 $ 249,000
Savannah, GA 1 $ 238,000 $ 238,000 $ 105,000
Sioux Falls, SD 1 $ 133,000 $ 133,000 $ 0
Springfield, MO 1 $ 83,000 $ 83,000 $ 0
Springfield, OH 1 $ 71,000 $ 71,000 $ 0
Toledo, OH 1 $ 86,000 $ 86,000 $ 0
Tucson, AZ 1 $ 110,000 $ 110,000 $ 38,000
Tuscaloosa, AL 1 $ 120,000 $ 120,000 $ 0
Waco, TX 1 $ 60,000 $ 60,000 $ 53,000
Wichita, KS 1 $ 208,000 $ 208,000 $ 87,000
Youngstown-Warren-Boardman, OH-PA 1 $ 65,000 $ 65,000 $ 26,000

Mortgage Loan Application Detail Totals for Access National Mortgage 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 1,973 $340,909,000 $149,214 $975,000 $43,261 $1,200,000
Home Purchase 1,808 $317,832,000 $189,731 $1,406,000 $99,609 $1,456,000
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 2,064 $365,928,000 $159,477 $1,406,000 $66,659 $1,456,000
Not Provided 666 $117,754,000 $178,645 $910,000 $70,870 $600,000
Black or African American 563 $88,342,000 $141,346 $680,000 $33,576 $378,000
Hispanic 391 $65,432,000 $154,350 $995,000 $52,200 $432,000
Asian 78 $18,441,000 $160,272 $962,000 $40,363 $582,000
American Indian or Alaskan Native 12 $1,516,000 $117,142 $319,000 $19,285 $87,000
Native Hawaiian or Other Pacific Islander 7 $1,328,000 $189,400 $386,000 $50,600 $119,000
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 2,195 $466,764,000 $180,636 $1,406,000 $91,204 $1,456,000
FHA-insured (Federal Housing Administration) 1,443 $171,755,000 $112,272 $357,000 $16,242 $378,000
VA-guaranteed (Veterans Administration) 143 $20,222,000 $144,631 $335,000 $26,842 $120,000
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 3,200 $569,170,000 $170,695 $1,250,000 $67,630 $1,456,000
Application Approved But Not Accepted 195 $29,084,000 $140,461 $995,000 $40,615 $1,165,000
Application Denied By Financial Institution 191 $30,349,000 $162,000 $1,406,000 $69,391 $960,000
Application Withdrawn By Applicant 159 $25,678,000 $152,625 $910,000 $57,666 $1,200,000
File Closed For Incompleteness 35 $4,138,000 $112,272 $313,000 $55,090 $275,000
Loan Purchased By The Institution 1 $322,000 $322,000 $322,000 $430,000 $430,000
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 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Access National Mortgage's 2004 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 Access National Mortgage'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.
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