Allen Mortgage, LLC Mortgage Lending & HMDA Data, 2005

In 2005, Allen Mortgage, LLC of Centennial Park, AZ reported 646 mortgage applications totaling $74.3 million, up 89% from 2004. The average application was for $115,049, and applicants reported an average income of $32,493. 52% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Indianapolis, IN (90), Dallas-Plano-Irving, TX (70) and Austin-Round Rock, TX (37) (applications in parentheses).

Mortgage Company & Address Allen Mortgage, LLC
P.O. Box 1168
Centennial Park, AZ 86021
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 646
Total Mortgage Loan Application Amount $74,322,000
Average Mortgage Loan Application Amount $115,049
Highest Mortgage Loan Application Amount $360,000
Average Applicant Income $32,493
Highest Applicant Income $354,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Allen Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Allen Mortgage, LLC in 2005

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 639 $73,490,000 $121,727 $360,000 $58,727 $354,000
Home Purchase 7 $832,000 $114,250 $250,000 $35,000 $82,000
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
Not Provided 304 $34,217,000 $102,900 $205,000 $29,300 $75,000
White 253 $29,953,000 $137,555 $360,000 $68,000 $354,000
Hispanic 59 $6,603,000 $109,400 $192,000 $31,400 $80,000
Black or African American 28 $3,369,000 $120,200 $215,000 $36,600 $75,000
Asian 2 $180,000 $90,000 $105,000 $23,000 $25,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
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
FHA-insured (Federal Housing Administration) 636 $72,745,000 $104,500 $259,000 $29,200 $80,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 10 $1,577,000 $140,428 $360,000 $77,857 $354,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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 335 $38,823,000 $132,100 $360,000 $62,800 $354,000
Application Withdrawn By Applicant 293 $33,259,000 $100,500 $215,000 $30,000 $75,000
Application Denied By Financial Institution 18 $2,240,000 $129,500 $190,000 $39,000 $65,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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
Credit History 10 $1,201,000 $123,000 $170,000 $35,500 $65,000
Unverifiable Information 1 $100,000 $100,000 $100,000 $25,000 $25,000
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Allen Mortgage, LLC's 2005 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 Allen 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 Arizona, download the full spreadsheet with aggregated HMDA statistics today.

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