American Financing Corporation Mortgage Lending & HMDA Data, 2023
In 2023, American Financing Corporation of Aurora, CO reported 18,183 mortgage applications totaling $4.5 billion, down 65% from 2022. The average application was for $245,657, and applicants reported an average income of $91,001. 18% of its applications resulted in an originated loan and 41% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (4,111), Denver-Aurora-Lakewood, CO (2,374) and Greeley, CO (385) (applications in parentheses).
| Mortgage Company & Address | American Financing Corporation 3045 S Parker Rd Building B Aurora, CO 80014 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 |
| Total Number of Mortgage Applications | 18,183 |
| Total Mortgage Loan Application Amount | $4,466,785,000 |
| Average Mortgage Loan Application Amount | $245,657 |
| Highest Mortgage Loan Application Amount | $4,055,000 |
| Average Applicant Income | $91,001 |
| Highest Applicant Income | $6,722,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Financing Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Financing Corporation in 2023
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 12,786 | $3,069,090,000 | $240,000 | $4,055,000 | $87,000 | $4,815,000 |
| Refinancing | 2,612 | $643,070,000 | $246,000 | $3,565,000 | $95,000 | $2,400,000 |
| Home Purchase | 2,497 | $730,015,000 | $292,000 | $1,615,000 | $104,000 | $6,722,000 |
| Other Purpose | 287 | $24,555,000 | $85,000 | $425,000 | $120,000 | $672,000 |
| Home Improvement | 1 | $55,000 | $55,000 | $55,000 | $36,000 | $36,000 |
| Not Applicable | 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 | 9,078 | $2,260,760,000 | $249,000 | $4,055,000 | $98,000 | $6,722,000 |
| Black or African American | 4,351 | $952,795,000 | $218,000 | $1,405,000 | $76,000 | $1,796,000 |
| Not Provided | 2,679 | $670,725,000 | $250,000 | $3,565,000 | $93,000 | $4,815,000 |
| Hispanic | 1,584 | $434,160,000 | $274,000 | $2,005,000 | $93,000 | $1,268,000 |
| Asian | 241 | $84,075,000 | $348,000 | $1,045,000 | $110,000 | $776,000 |
| American Indian or Alaskan Native | 185 | $44,985,000 | $243,000 | $815,000 | $77,000 | $338,000 |
| Native Hawaiian or Other Pacific Islander | 45 | $14,445,000 | $321,000 | $855,000 | $95,000 | $230,000 |
| 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) | 10,578 | $2,582,550,000 | $244,000 | $3,565,000 | $82,000 | $3,300,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 6,592 | $1,539,230,000 | $233,000 | $4,055,000 | $105,000 | $6,722,000 |
| VA-guaranteed (Veterans Administration) | 999 | $341,755,000 | $342,000 | $1,805,000 | $101,000 | $1,796,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 14 | $3,250,000 | $232,000 | $425,000 | $72,000 | $111,000 |
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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 7,408 | $1,841,670,000 | $248,000 | $4,055,000 | $83,000 | $3,300,000 |
| Application Withdrawn By Applicant | 5,819 | $1,432,925,000 | $246,000 | $2,425,000 | $95,000 | $3,630,000 |
| Loan Originated | 3,286 | $787,510,000 | $239,000 | $1,615,000 | $102,000 | $6,722,000 |
| Application Approved But Not Accepted | 1,133 | $268,265,000 | $236,000 | $1,645,000 | $95,000 | $4,815,000 |
| Preapproval Approved but not Accepted | 272 | $73,670,000 | $270,000 | $885,000 | $90,000 | $305,000 |
| File Closed For Incompleteness | 230 | $54,970,000 | $239,000 | $1,445,000 | $85,000 | $476,000 |
| Preapproval Denied by Financial Institution | 35 | $7,775,000 | $222,000 | $605,000 | $64,000 | $210,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Not applicable | 10,740 | $2,617,340,000 | $243,000 | $2,425,000 | $97,000 | $6,722,000 |
| Credit History | 3,240 | $733,230,000 | $226,000 | $3,565,000 | $85,000 | $3,300,000 |
| Debt-To-Income Ratio | 1,597 | $455,825,000 | $285,000 | $4,055,000 | $61,000 | $750,000 |
| Other | 1,434 | $414,110,000 | $288,000 | $1,715,000 | $104,000 | $1,268,000 |
| Collateral | 742 | $149,920,000 | $202,000 | $2,005,000 | $84,000 | $1,796,000 |
| Credit Application Incomplete | 201 | $42,015,000 | $209,000 | $755,000 | $79,000 | $400,000 |
| Employment History | 113 | $25,925,000 | $229,000 | $1,035,000 | $76,000 | $292,000 |
| Unverifiable Information | 62 | $12,610,000 | $203,000 | $725,000 | $79,000 | $348,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 54 | $15,810,000 | $292,000 | $1,175,000 | $103,000 | $437,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Financing Corporation's 2023 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 Financing Corporation'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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