Acre Mortgage & Financial, Inc. Mortgage Lending & HMDA Data, 2022
In 2022, Acre Mortgage & Financial, Inc. of Marlton, NJ reported 1,373 mortgage applications totaling $385.2 million, up 5% from 2021. The average application was for $280,571, and applicants reported an average income of $102,782. 69% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Camden, NJ (434), Philadelphia, PA (216) and East Stroudsburg, PA (80) (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 | 1,373 |
| Total Mortgage Loan Application Amount | $385,225,000 |
| Average Mortgage Loan Application Amount | $280,571 |
| Highest Mortgage Loan Application Amount | $1,145,000 |
| Average Applicant Income | $102,782 |
| Highest Applicant Income | $1,279,000 |
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records Acre Mortgage & Financial, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 | 1,116 | $317,640,000 | $284,000 | $925,000 | $100,000 | $645,000 |
| Cash-out Refinancing | 197 | $50,335,000 | $255,000 | $1,145,000 | $113,000 | $1,279,000 |
| Refinancing | 60 | $17,250,000 | $287,000 | $1,045,000 | $121,000 | $471,000 |
| 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 | 541 | $155,645,000 | $287,000 | $1,145,000 | $113,000 | $645,000 |
| Black or African American | 371 | $106,445,000 | $286,000 | $925,000 | $95,000 | $424,000 |
| Not Provided | 250 | $65,470,000 | $261,000 | $695,000 | $101,000 | $1,279,000 |
| Hispanic | 160 | $41,650,000 | $260,000 | $575,000 | $85,000 | $540,000 |
| Asian | 48 | $15,380,000 | $320,000 | $635,000 | $118,000 | $488,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $480,000 | $240,000 | $255,000 | $85,000 | $124,000 |
| American Indian or Alaskan Native | 1 | $155,000 | $155,000 | $155,000 | $61,000 | $61,000 |
| 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) | 671 | $193,095,000 | $287,000 | $1,145,000 | $124,000 | $1,279,000 |
| FHA-insured (Federal Housing Administration) | 634 | $169,320,000 | $267,000 | $785,000 | $81,000 | $242,000 |
| VA-guaranteed (Veterans Administration) | 58 | $20,550,000 | $354,000 | $705,000 | $107,000 | $423,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $2,260,000 | $226,000 | $305,000 | $73,000 | $104,000 |
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 | 954 | $265,220,000 | $278,000 | $1,045,000 | $103,000 | $1,279,000 |
| Application Withdrawn By Applicant | 339 | $98,555,000 | $290,000 | $1,145,000 | $110,000 | $505,000 |
| Application Denied By Financial Institution | 72 | $19,500,000 | $270,000 | $695,000 | $76,000 | $180,000 |
| Application Approved But Not Accepted | 6 | $1,470,000 | $245,000 | $535,000 | $83,000 | $190,000 |
| File Closed For Incompleteness | 2 | $480,000 | $240,000 | $255,000 | $62,000 | $77,000 |
| 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 | 1,301 | $365,725,000 | $281,000 | $1,145,000 | $104,000 | $1,279,000 |
| Debt-To-Income Ratio | 25 | $6,755,000 | $270,000 | $445,000 | $59,000 | $104,000 |
| Employment History | 11 | $3,005,000 | $273,000 | $455,000 | $82,000 | $140,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $2,250,000 | $225,000 | $395,000 | $78,000 | $125,000 |
| Collateral | 10 | $2,500,000 | $250,000 | $645,000 | $91,000 | $180,000 |
| Credit History | 9 | $2,085,000 | $231,000 | $475,000 | $77,000 | $111,000 |
| Unverifiable Information | 6 | $2,660,000 | $443,000 | $695,000 | $107,000 | $161,000 |
| Credit Application Incomplete | 1 | $245,000 | $245,000 | $245,000 | $68,000 | $68,000 |
| Other | 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 2022 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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