Alliance Credit, LLC Mortgage Lending & HMDA Data, 2019
In 2019, Alliance Credit, LLC of Canfield, OH reported 733 mortgage applications totaling $50.8 million, up 22% from 2018. The average application was for $69,324, and applicants reported an average income of $54,017. 14% of its applications resulted in an originated loan and 71% were denied. Its largest markets were Harrisburg-Carlisle, PA (35), Pittsburgh, PA (35) and Montgomery County-Bucks County-Chester County, PA (30) (applications in parentheses).
| Mortgage Company & Address | Alliance Credit, LLC 7825 W. Akron-Canfield Rd Canfield, OH 44406 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 733 |
| Total Mortgage Loan Application Amount | $50,815,000 |
| Average Mortgage Loan Application Amount | $69,324 |
| Highest Mortgage Loan Application Amount | $195,000 |
| Average Applicant Income | $54,017 |
| Highest Applicant Income | $300,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Alliance Credit, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 434 | $ 31,410,000 | $ 72,373 | $ 52,663 |
| Harrisburg-Carlisle, PA | 35 | $ 2,205,000 | $ 63,000 | $ 55,000 |
| Pittsburgh, PA | 35 | $ 2,235,000 | $ 63,857 | $ 53,000 |
| Montgomery County-Bucks County-Chester County, PA | 30 | $ 2,100,000 | $ 70,000 | $ 64,000 |
| Erie, PA | 22 | $ 1,120,000 | $ 50,909 | $ 42,000 |
| York-Hanover, PA | 21 | $ 1,015,000 | $ 48,333 | $ 58,000 |
| Owensboro, KY | 16 | $ 1,560,000 | $ 97,500 | $ 65,000 |
| Gettysburg, PA | 15 | $ 845,000 | $ 56,333 | $ 39,000 |
| Lancaster, PA | 14 | $ 670,000 | $ 47,857 | $ 47,000 |
| Canton-Massillon, OH | 13 | $ 935,000 | $ 71,923 | $ 52,000 |
| Cincinnati, OH-KY-IN | 11 | $ 1,045,000 | $ 95,000 | $ 70,636 |
| Huntington-Ashland, WV-KY-OH | 9 | $ 505,000 | $ 56,111 | $ 68,222 |
| Bowling Green, KY | 8 | $ 520,000 | $ 65,000 | $ 66,000 |
| Lexington-Fayette, KY | 8 | $ 650,000 | $ 81,250 | $ 78,000 |
| Cleveland-Elyria, OH | 7 | $ 275,000 | $ 39,285 | $ 41,000 |
| Louisville/Jefferson County, KY-IN | 7 | $ 515,000 | $ 73,571 | $ 41,000 |
| Columbus, OH | 6 | $ 310,000 | $ 51,666 | $ 50,000 |
| State College, PA | 5 | $ 345,000 | $ 69,000 | $ 49,000 |
| Youngstown-Warren-Boardman, OH-PA | 5 | $ 295,000 | $ 59,000 | $ 45,000 |
| Chambersburg-Waynesboro, PA | 4 | $ 200,000 | $ 50,000 | $ 55,000 |
| Clarksville, TN-KY | 4 | $ 490,000 | $ 122,500 | $ 55,000 |
| Evansville, IN-KY | 4 | $ 200,000 | $ 50,000 | $ 46,000 |
| Altoona, PA | 3 | $ 165,000 | $ 55,000 | $ 58,000 |
| Elizabethtown-Fort Knox, KY | 2 | $ 150,000 | $ 75,000 | $ 59,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 110,000 | $ 55,000 | $ 49,000 |
| Wheeling, WV-OH | 2 | $ 150,000 | $ 75,000 | $ 58,000 |
| Akron, OH | 1 | $ 45,000 | $ 45,000 | $ 89,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 85,000 | $ 85,000 | $ 67,000 |
| Charleston, WV | 1 | $ 135,000 | $ 135,000 | $ 72,000 |
| Charlottesville, VA | 1 | $ 45,000 | $ 45,000 | $ 47,000 |
| Chattanooga, TN-GA | 1 | $ 85,000 | $ 85,000 | $ 39,000 |
| Johnstown, PA | 1 | $ 55,000 | $ 55,000 | $ 66,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 35,000 | $ 35,000 | $ 47,000 |
| Lebanon, PA | 1 | $ 55,000 | $ 55,000 | $ 120,000 |
| Morristown, TN | 1 | $ 125,000 | $ 125,000 | $ 46,000 |
| Toledo, OH | 1 | $ 45,000 | $ 45,000 | $ 76,000 |
| Weirton-Steubenville, WV-OH | 1 | $ 85,000 | $ 85,000 | $ 136,000 |
Mortgage Loan Application Detail Totals for Alliance Credit, LLC in 2019
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 | 732 | $50,770,000 | $69,000 | $195,000 | $54,000 | $300,000 |
| Refinancing | 1 | $45,000 | $45,000 | $45,000 | $67,000 | $67,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 710 | $49,460,000 | $69,000 | $195,000 | $54,000 | $300,000 |
| Hispanic | 13 | $685,000 | $52,000 | $135,000 | $38,000 | $72,000 |
| Black or African American | 5 | $395,000 | $79,000 | $125,000 | $72,000 | $101,000 |
| Asian | 4 | $240,000 | $60,000 | $105,000 | $48,000 | $73,000 |
| Not Provided | 1 | $35,000 | $35,000 | $35,000 | $37,000 | $37,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 733 | $50,815,000 | $69,000 | $195,000 | $54,000 | $300,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 518 | $36,450,000 | $70,000 | $195,000 | $51,000 | $282,000 |
| Application Approved But Not Accepted | 111 | $7,535,000 | $67,000 | $175,000 | $59,000 | $148,000 |
| Loan Originated | 104 | $6,830,000 | $65,000 | $175,000 | $62,000 | $300,000 |
| 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 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 293 | $20,115,000 | $68,000 | $185,000 | $52,000 | $282,000 |
| Not applicable | 215 | $14,365,000 | $66,000 | $175,000 | $60,000 | $300,000 |
| Debt-To-Income Ratio | 95 | $6,785,000 | $71,000 | $165,000 | $45,000 | $276,000 |
| Employment History | 82 | $5,720,000 | $69,000 | $145,000 | $45,000 | $117,000 |
| Credit Application Incomplete | 32 | $2,220,000 | $69,000 | $165,000 | $57,000 | $145,000 |
| Other | 9 | $735,000 | $81,000 | $195,000 | $74,000 | $150,000 |
| Collateral | 6 | $760,000 | $126,000 | $145,000 | $90,000 | $184,000 |
| Unverifiable Information | 1 | $115,000 | $115,000 | $115,000 | $84,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Alliance Credit, LLC's 2019 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 Alliance Credit, 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.
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