American Financial Resources LLC Mortgage Lending & HMDA Data, 2005
In 2005, American Financial Resources LLC of Parsippany, NJ reported 1,211 mortgage applications totaling $262.8 million, up 91% from 2004. The average application was for $217,030, and applicants reported an average income of $85,114. 93% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Newark-Union, NJ-PA (330), Edison, NJ (224) and Camden, NJ (105) (applications in parentheses).
| Mortgage Company & Address | American Financial Resources LLC 9 Sylvan Way Parsippany, NJ 07054 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 2006 2005 2004 |
| Total Number of Mortgage Applications | 1,211 |
| Total Mortgage Loan Application Amount | $262,824,000 |
| Average Mortgage Loan Application Amount | $217,030 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $85,114 |
| Highest Applicant Income | $2,475,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Financial Resources LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Newark-Union, NJ-PA | 330 | $ 73,424,000 | $ 222,496 | $ 89,000 |
| Edison, NJ | 224 | $ 48,336,000 | $ 215,785 | $ 89,000 |
| Camden, NJ | 105 | $ 17,574,000 | $ 167,371 | $ 81,000 |
| Atlantic City, NJ | 42 | $ 7,294,000 | $ 173,666 | $ 83,000 |
| Trenton-Ewing, NJ | 34 | $ 5,387,000 | $ 158,441 | $ 64,000 |
| Bridgeport-Stamford-Norwalk, CT | 25 | $ 5,641,000 | $ 225,640 | $ 82,000 |
| New York-Wayne-White Plains, NY-NJ | 19 | $ 6,589,000 | $ 346,789 | $ 135,000 |
| Nassau-Suffolk, NY | 16 | $ 3,346,000 | $ 209,125 | $ 78,000 |
| New Haven-Milford, CT | 14 | $ 2,529,000 | $ 180,642 | $ 79,000 |
| Ocean City, NJ | 12 | $ 2,448,000 | $ 204,000 | $ 101,000 |
| Vineland-Millville-Bridgeton, NJ | 12 | $ 1,876,000 | $ 156,333 | $ 54,000 |
| Hartford-West Hartford-East Hartford, CT | 11 | $ 2,012,000 | $ 182,909 | $ 62,000 |
| Norwich-New London, CT | 9 | $ 1,481,000 | $ 164,555 | $ 41,000 |
| Boston-Quincy, MA | 7 | $ 1,803,000 | $ 257,571 | $ 70,000 |
| Philadelphia, PA | 7 | $ 1,758,000 | $ 251,142 | $ 101,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 5 | $ 701,000 | $ 140,200 | $ 68,000 |
| Baltimore-Towson, MD | 5 | $ 1,257,000 | $ 251,400 | $ 119,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 1,009,000 | $ 201,800 | $ 62,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 4 | $ 751,000 | $ 187,750 | $ 114,000 |
| Barnstable Town, MA | 3 | $ 865,000 | $ 288,333 | $ 128,000 |
| Hagerstown-Martinsburg, MD-WV | 3 | $ 428,000 | $ 142,666 | $ 58,000 |
| Lancaster, PA | 3 | $ 191,000 | $ 63,666 | $ 103,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 1,426,000 | $ 475,333 | $ 204,000 |
| Pittsburgh, PA | 3 | $ 207,000 | $ 69,000 | $ 48,000 |
| Worcester, MA | 3 | $ 706,000 | $ 235,333 | $ 87,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 700,000 | $ 350,000 | $ 30,000 |
| Cumberland, MD-WV | 2 | $ 139,000 | $ 69,500 | $ 43,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 324,000 | $ 162,000 | $ 98,000 |
| Essex County, MA | 2 | $ 462,000 | $ 231,000 | $ 55,000 |
| Oakland-Fremont-Hayward, CA | 2 | $ 404,000 | $ 202,000 | $ 182,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 839,000 | $ 419,500 | $ 100,000 |
| Vallejo-Fairfield, CA | 2 | $ 411,000 | $ 205,500 | $ 102,000 |
| Binghamton, NY | 1 | $ 52,000 | $ 52,000 | $ 31,000 |
| Elmira, NY | 1 | $ 60,000 | $ 60,000 | $ 52,000 |
| Lakeland, FL | 1 | $ 140,000 | $ 140,000 | $ 44,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 349,000 | $ 349,000 | $ 185,000 |
| Panama City-Lynn Haven, FL | 1 | $ 302,000 | $ 302,000 | $ 85,000 |
| Port St. Lucie-Fort Pierce, FL | 1 | $ 188,000 | $ 188,000 | $ 60,000 |
| Roanoke, VA | 1 | $ 266,000 | $ 266,000 | $ 111,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 276,000 | $ 276,000 | $ 108,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 281,000 | $ 281,000 | $ 78,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 350,000 | $ 350,000 | $ 204,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 600,000 | $ 600,000 | $ 144,000 |
| Springfield, MA | 1 | $ 160,000 | $ 160,000 | $ 38,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 123,000 | $ 123,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for American Financial Resources 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 | 844 | $185,320,000 | $235,888 | $1,000,000 | $83,222 | $2,475,000 |
| Home Purchase | 367 | $77,504,000 | $216,444 | $900,000 | $110,777 | $590,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 776 | $171,613,000 | $230,333 | $1,000,000 | $93,444 | $2,475,000 |
| Hispanic | 194 | $42,103,000 | $232,571 | $527,000 | $65,285 | $205,000 |
| Black or African American | 143 | $28,392,000 | $254,333 | $1,000,000 | $67,500 | $429,000 |
| Not Provided | 78 | $16,231,000 | $174,571 | $621,000 | $88,714 | $248,000 |
| Asian | 17 | $3,534,000 | $296,666 | $650,000 | $122,666 | $240,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $456,000 | $228,000 | $288,000 | $136,000 | $150,000 |
| Not applicable | 1 | $495,000 | $495,000 | $495,000 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 1,180 | $256,333,000 | $231,333 | $1,000,000 | $88,666 | $2,475,000 |
| FHA-insured (Federal Housing Administration) | 30 | $6,197,000 | $170,000 | $317,000 | $73,000 | $138,000 |
| VA-guaranteed (Veterans Administration) | 1 | $294,000 | $294,000 | $294,000 | $81,000 | $81,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 1,132 | $247,597,000 | $234,666 | $1,000,000 | $89,000 | $2,475,000 |
| Application Withdrawn By Applicant | 40 | $8,141,000 | $188,750 | $731,000 | $66,250 | $264,000 |
| Application Denied By Financial Institution | 30 | $5,594,000 | $186,000 | $505,000 | $74,000 | $210,000 |
| Application Approved But Not Accepted | 8 | $1,331,000 | $141,400 | $295,000 | $64,400 | $117,000 |
| File Closed For Incompleteness | 1 | $161,000 | $161,000 | $161,000 | $92,000 | $92,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 26 | $4,555,000 | $175,000 | $379,000 | $75,000 | $210,000 |
| Mortgage Insurance Denied | 4 | $1,039,000 | $259,000 | $505,000 | $69,000 | $150,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Financial Resources 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 American Financial Resources 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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