Acre Mortgage & Financial, Inc. Mortgage Lending & HMDA Data, 2021
In 2021, Acre Mortgage & Financial, Inc. of Marlton, NJ reported 1,310 mortgage applications totaling $338.4 million. The average application was for $258,297, and applicants reported an average income of $97,256. 71% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Camden, NJ (488), Philadelphia, PA (247) and Baltimore-Columbia-Towson, MD (60) (applications in parentheses).
| Mortgage Company & Address | Acre Mortgage & Financial, Inc. 70 East Main Street Marlton, NJ 08053 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2011 |
| Total Number of Mortgage Applications | 1,310 |
| Total Mortgage Loan Application Amount | $338,370,000 |
| Average Mortgage Loan Application Amount | $258,297 |
| Highest Mortgage Loan Application Amount | $1,145,000 |
| Average Applicant Income | $97,256 |
| Highest Applicant Income | $872,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Acre Mortgage & Financial, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Acre Mortgage & Financial, Inc. 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 948 | $242,580,000 | $255,000 | $1,045,000 | $88,000 | $872,000 |
| Cash-out Refinancing | 198 | $51,500,000 | $260,000 | $1,145,000 | $107,000 | $408,000 |
| Refinancing | 164 | $44,290,000 | $270,000 | $1,045,000 | $139,000 | $683,000 |
| 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 | 531 | $140,375,000 | $264,000 | $1,145,000 | $110,000 | $683,000 |
| Not Provided | 328 | $88,220,000 | $268,000 | $1,045,000 | $96,000 | $493,000 |
| Black or African American | 286 | $68,120,000 | $238,000 | $555,000 | $75,000 | $328,000 |
| Hispanic | 121 | $27,705,000 | $228,000 | $825,000 | $84,000 | $872,000 |
| Asian | 35 | $10,735,000 | $306,000 | $585,000 | $133,000 | $512,000 |
| American Indian or Alaskan Native | 2 | $430,000 | $215,000 | $285,000 | $66,000 | $75,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $335,000 | $335,000 | $335,000 | $93,000 | $93,000 |
| 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) | 728 | $194,470,000 | $267,000 | $1,145,000 | $118,000 | $872,000 |
| FHA-insured (Federal Housing Administration) | 528 | $127,440,000 | $241,000 | $1,045,000 | $69,000 | $299,000 |
| VA-guaranteed (Veterans Administration) | 34 | $11,200,000 | $329,000 | $735,000 | $94,000 | $259,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 20 | $5,260,000 | $263,000 | $515,000 | $76,000 | $133,000 |
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 | 935 | $242,625,000 | $259,000 | $1,145,000 | $100,000 | $872,000 |
| Application Withdrawn By Applicant | 310 | $80,750,000 | $260,000 | $695,000 | $93,000 | $378,000 |
| Application Denied By Financial Institution | 47 | $10,845,000 | $230,000 | $475,000 | $66,000 | $163,000 |
| Application Approved But Not Accepted | 14 | $2,960,000 | $211,000 | $405,000 | $96,000 | $265,000 |
| Preapproval Approved but not Accepted | 2 | $350,000 | $175,000 | $225,000 | $39,000 | $52,000 |
| Preapproval Denied by Financial Institution | 1 | $295,000 | $295,000 | $295,000 | $136,000 | $136,000 |
| File Closed For Incompleteness | 1 | $545,000 | $545,000 | $545,000 | $197,000 | $197,000 |
| 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 | 1,262 | $327,230,000 | $259,000 | $1,145,000 | $98,000 | $872,000 |
| Credit History | 13 | $2,995,000 | $230,000 | $445,000 | $72,000 | $132,000 |
| Debt-To-Income Ratio | 13 | $3,175,000 | $244,000 | $365,000 | $65,000 | $136,000 |
| Employment History | 11 | $2,425,000 | $220,000 | $405,000 | $58,000 | $133,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,620,000 | $270,000 | $475,000 | $83,000 | $163,000 |
| Collateral | 5 | $925,000 | $185,000 | $225,000 | $58,000 | $87,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Acre Mortgage & Financial, Inc.'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 Acre Mortgage & Financial, Inc.'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 New Jersey, download the full spreadsheet
with aggregated HMDA statistics today.
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