American Financial Network, Inc. Mortgage Lending & HMDA Data, 2013

In 2013, American Financial Network, Inc. of Brea, CA reported 6,813 mortgage applications totaling $2.0 billion, up 2% from 2012. The average application was for $287,532, and applicants reported an average income of $77,352. 79% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (1,831), Los Angeles-Long Beach-Glendale, CA (1,471) and Santa Ana-Anaheim-Irvine, CA (582) (applications in parentheses).

Mortgage Company & Address American Financial Network, Inc.
10 Pointe Drive, Suite 330
Brea, CA 92821
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  
Total Number of Mortgage Applications 6,813
Total Mortgage Loan Application Amount $1,958,960,000
Average Mortgage Loan Application Amount $287,532
Highest Mortgage Loan Application Amount $2,200,000
Average Applicant Income $77,352
Highest Applicant Income $1,907,000

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American Financial Network, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

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Mortgage Loan Application Detail Totals for American Financial Network, Inc. in 2013

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 3,838 $1,139,373,000 $296,000 $1,445,000 $68,000 $1,243,000
Home Purchase 2,797 $765,670,000 $273,000 $2,200,000 $89,000 $1,907,000
Home Improvement 178 $53,917,000 $302,000 $656,000 $96,000 $822,000

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 3,119 $949,202,000 $304,000 $2,200,000 $87,000 $1,907,000
Hispanic 2,280 $575,502,000 $252,000 $795,000 $61,000 $647,000
Not Provided 666 $206,628,000 $310,000 $978,000 $83,000 $681,000
Asian 431 $139,138,000 $322,000 $1,240,000 $96,000 $393,000
Black or African American 204 $58,524,000 $286,000 $920,000 $64,000 $376,000
Native Hawaiian or Other Pacific Islander 93 $24,634,000 $264,000 $626,000 $51,000 $252,000
American Indian or Alaskan Native 20 $5,332,000 $266,000 $729,000 $94,000 $282,000
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) 3,363 $961,267,000 $285,000 $2,200,000 $107,000 $1,907,000
FHA-insured (Federal Housing Administration) 2,927 $831,656,000 $284,000 $1,348,000 $47,000 $424,000
VA-guaranteed (Veterans Administration) 430 $149,501,000 $347,000 $1,445,000 $53,000 $316,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 93 $16,536,000 $177,000 $383,000 $52,000 $94,000

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 5,352 $1,547,516,000 $289,000 $2,200,000 $77,000 $1,907,000
Application Approved But Not Accepted 599 $166,986,000 $278,000 $1,240,000 $76,000 $1,243,000
Application Withdrawn By Applicant 462 $129,582,000 $280,000 $975,000 $75,000 $420,000
File Closed For Incompleteness 215 $62,726,000 $291,000 $1,000,000 $81,000 $600,000
Application Denied By Financial Institution 185 $52,150,000 $281,000 $1,348,000 $78,000 $376,000
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
Debt-To-Income Ratio 33 $10,925,000 $331,000 $750,000 $79,000 $179,000
Credit History 26 $7,275,000 $279,000 $471,000 $69,000 $138,000
Unverifiable Information 18 $4,684,000 $260,000 $704,000 $81,000 $220,000
Other 17 $4,032,000 $237,000 $417,000 $69,000 $220,000
Collateral 14 $5,199,000 $371,000 $1,348,000 $106,000 $250,000
Employment History 4 $1,159,000 $289,000 $374,000 $52,000 $116,000
Insufficient Cash (Downpayment, Closing Cost) 1 $330,000 $330,000 $330,000 $54,000 $54,000
Mortgage Insurance Denied 1 $339,000 $339,000 $339,000 $54,000 $54,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into American Financial Network, Inc.'s 2013 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 American Financial Network, 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.
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