American Financial Resources LLC Mortgage Lending & HMDA Data, 2016
In 2016, American Financial Resources LLC of Parsippany, NJ reported 32,642 mortgage applications totaling $6.0 billion, up 20% from 2015. The average application was for $183,651, and applicants reported an average income of $69,857. 53% of its applications resulted in an originated loan and 8% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (912), Atlanta-Sandy Springs-Roswell, GA (634) and Riverside-San Bernardino-Ontario, CA (569) (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 | 32,642 |
| Total Mortgage Loan Application Amount | $5,994,757,000 |
| Average Mortgage Loan Application Amount | $183,651 |
| Highest Mortgage Loan Application Amount | $1,100,000 |
| Average Applicant Income | $69,857 |
| Highest Applicant Income | $2,100,000 |
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American Financial Resources LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for American Financial Resources LLC 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 | 17,218 | $3,517,735,000 | $204,000 | $1,060,000 | $76,000 | $2,100,000 |
| Home Purchase | 15,424 | $2,477,022,000 | $160,000 | $1,100,000 | $63,000 | $1,200,000 |
| 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 | 22,694 | $4,046,507,000 | $178,000 | $1,100,000 | $69,000 | $2,100,000 |
| Not Provided | 2,967 | $515,380,000 | $173,000 | $1,000,000 | $68,000 | $1,384,000 |
| Hispanic | 2,677 | $513,778,000 | $191,000 | $756,000 | $62,000 | $1,200,000 |
| Black or African American | 2,412 | $440,475,000 | $182,000 | $801,000 | $57,000 | $783,000 |
| Asian | 1,648 | $432,372,000 | $262,000 | $968,000 | $114,000 | $1,070,000 |
| American Indian or Alaskan Native | 139 | $22,065,000 | $158,000 | $606,000 | $68,000 | $460,000 |
| Native Hawaiin or Other Pacific Islander | 105 | $24,180,000 | $230,000 | $542,000 | $68,000 | $305,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 15,787 | $2,422,232,000 | $153,000 | $813,000 | $47,000 | $2,100,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 12,553 | $2,721,374,000 | $216,000 | $1,100,000 | $104,000 | $1,725,000 |
| VA-guaranteed (Veterans Administration) | 3,530 | $738,867,000 | $209,000 | $950,000 | $58,000 | $443,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 772 | $112,284,000 | $145,000 | $448,000 | $48,000 | $120,000 |
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 | 17,221 | $3,352,608,000 | $194,000 | $1,100,000 | $73,000 | $945,000 |
| Application Withdrawn By Applicant | 9,143 | $1,700,057,000 | $185,000 | $1,060,000 | $73,000 | $2,100,000 |
| Application Denied By Financial Institution | 2,589 | $436,433,000 | $168,000 | $950,000 | $62,000 | $1,333,000 |
| Preapproval Denied by Financial Institution | 1,787 | $186,427,000 | $104,000 | $569,000 | $44,000 | $1,200,000 |
| Loan Purchased By The Institution | 1,403 | $226,187,000 | $161,000 | $1,000,000 | $60,000 | $783,000 |
| Application Approved But Not Accepted | 363 | $67,406,000 | $185,000 | $623,000 | $65,000 | $595,000 |
| File Closed For Incompleteness | 123 | $23,442,000 | $190,000 | $971,000 | $62,000 | $546,000 |
| Preapproval Approved but not Accepted | 13 | $2,197,000 | $169,000 | $344,000 | $68,000 | $121,000 |
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 | 1,700 | $204,590,000 | $120,000 | $660,000 | $50,000 | $1,333,000 |
| Debt-To-Income Ratio | 1,322 | $184,289,000 | $139,000 | $950,000 | $45,000 | $912,000 |
| Collateral | 490 | $79,101,000 | $161,000 | $555,000 | $80,000 | $684,000 |
| Other | 329 | $59,264,000 | $180,000 | $801,000 | $68,000 | $407,000 |
| Credit Application Incomplete | 254 | $45,371,000 | $178,000 | $632,000 | $59,000 | $413,000 |
| Unverifiable Information | 125 | $23,336,000 | $186,000 | $600,000 | $61,000 | $311,000 |
| Employment History | 91 | $17,591,000 | $193,000 | $523,000 | $70,000 | $659,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 61 | $8,616,000 | $141,000 | $417,000 | $42,000 | $191,000 |
| Mortgage Insurance Denied | 4 | $702,000 | $175,000 | $303,000 | $22,000 | $34,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Financial Resources LLC's 2016 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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