Embrace Home Loans, Inc.
Mortgage Loan Application
Totals and Details
for 2016

Mortgage Company & Address Embrace Home Loans, Inc.
25 Enterprise Center
Middletown, RI 02842
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 63,661
Total Mortgage Loan Application Amount $11,282,452,000
Average Mortgage Loan Application Amount $135,282
Highest Mortgage Loan Application Amount $3,000,000
Average Applicant Income $58,891
Highest Applicant Income $5,966,000
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Mortgage Loan Application Detail Totals for Embrace Home Loans, Inc. in 2016

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 48,162 $8,108,802,000 $168,000 $3,000,000 $66,000 $3,651,000
Home Purchase 13,630 $2,852,407,000 $209,000 $1,854,000 $81,000 $5,966,000
Home Improvement 1,869 $321,243,000 $171,000 $744,000 $75,000 $1,120,000

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 31,991 $5,887,619,000 $184,000 $3,000,000 $74,000 $5,966,000
Not Provided 21,203 $3,478,206,000 $164,000 $1,854,000 $64,000 $3,120,000
Black or African American 5,356 $855,491,000 $159,000 $1,112,000 $59,000 $1,680,000
Hispanic 3,855 $746,279,000 $193,000 $1,280,000 $63,000 $1,289,000
Asian 975 $256,233,000 $262,000 $1,272,000 $98,000 $2,400,000
American Indian or Alaskan Native 202 $37,458,000 $185,000 $623,000 $71,000 $256,000
Native Hawaiin or Other Pacific Islander 78 $21,088,000 $270,000 $965,000 $115,000 $632,000
Not applicable 1 $78,000 $78,000 $78,000 $18,000 $18,000

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) 34,176 $5,375,597,000 $157,000 $982,000 $58,000 $1,985,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 23,428 $4,712,165,000 $201,000 $3,000,000 $88,000 $5,966,000
VA-guaranteed (Veterans Administration) 5,184 $1,060,580,000 $204,000 $981,000 $63,000 $2,400,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 873 $134,110,000 $153,000 $429,000 $48,000 $780,000

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
Application Denied By Financial Institution 25,875 $4,093,312,000 $158,000 $1,800,000 $57,000 $3,266,000
Loan Originated 15,021 $3,176,520,000 $211,000 $1,854,000 $83,000 $5,966,000
File Closed For Incompleteness 14,076 $2,258,743,000 $160,000 $3,000,000 $69,000 $2,400,000
Application Withdrawn By Applicant 6,635 $1,241,869,000 $187,000 $2,760,000 $78,000 $2,412,000
Loan Purchased By The Institution 1,300 $364,073,000 $280,000 $788,000 $117,000 $3,651,000
Application Approved But Not Accepted 754 $147,935,000 $196,000 $1,360,000 $75,000 $490,000
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
Download the Rhode Island Lender List