American Freedom Mortgage, Inc Mortgage Lending & HMDA Data, 2005
In 2005, American Freedom Mortgage, Inc of Marietta, GA reported 2,456 mortgage applications totaling $303.1 million, down 14% from 2004. The average application was for $123,416, and applicants reported an average income of $54,621. 66% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (1,969), Gainesville, GA (30) and Rome, GA (22) (applications in parentheses).
| Mortgage Company & Address | American Freedom Mortgage, Inc 2211 Newmarket Parkway, Suite 130 Marietta, GA 30067 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,456 |
| Total Mortgage Loan Application Amount | $303,110,000 |
| Average Mortgage Loan Application Amount | $123,416 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $54,621 |
| Highest Applicant Income | $800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Freedom Mortgage, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Marietta, GA | 1,969 | $ 247,516,000 | $ 125,706 | $ 55,000 |
| Gainesville, GA | 30 | $ 3,529,000 | $ 117,633 | $ 36,000 |
| Rome, GA | 22 | $ 2,345,000 | $ 106,590 | $ 47,000 |
| Athens-Clarke County, GA | 21 | $ 2,270,000 | $ 108,095 | $ 52,000 |
| Chattanooga, TN-GA | 19 | $ 1,909,000 | $ 100,473 | $ 50,000 |
| Macon, GA | 14 | $ 1,915,000 | $ 136,785 | $ 56,000 |
| Birmingham-Hoover, AL | 13 | $ 869,000 | $ 66,846 | $ 50,000 |
| Nashville-Davidson--Murfreesboro, TN | 13 | $ 1,465,000 | $ 112,692 | $ 77,000 |
| Baltimore-Towson, MD | 7 | $ 1,002,000 | $ 143,142 | $ 54,000 |
| Dalton, GA | 7 | $ 756,000 | $ 108,000 | $ 46,000 |
| Albany, GA | 6 | $ 410,000 | $ 68,333 | $ 45,000 |
| Cleveland, TN | 6 | $ 578,000 | $ 96,333 | $ 89,000 |
| Elkhart-Goshen, IN | 6 | $ 1,061,000 | $ 176,833 | $ 124,000 |
| Savannah, GA | 6 | $ 1,014,000 | $ 169,000 | $ 44,000 |
| Decatur, AL | 5 | $ 326,000 | $ 65,200 | $ 89,000 |
| Indianapolis, IN | 5 | $ 516,000 | $ 103,200 | $ 40,000 |
| Warren-Farmington Hills-Troy, MI | 5 | $ 732,000 | $ 146,400 | $ 100,000 |
| Columbus, GA-AL | 4 | $ 495,000 | $ 123,750 | $ 47,000 |
| Mobile, AL | 4 | $ 352,000 | $ 88,000 | $ 78,000 |
| Albuquerque, NM | 3 | $ 226,000 | $ 75,333 | $ 44,000 |
| Augusta-Richmond County, GA-SC | 3 | $ 323,000 | $ 107,666 | $ 81,000 |
| Charleston-North Charleston, SC | 3 | $ 390,000 | $ 130,000 | $ 77,000 |
| Detroit-Livonia-Dearborn, MI | 3 | $ 296,000 | $ 98,666 | $ 43,000 |
| Fort Wayne, IN | 3 | $ 209,000 | $ 69,666 | $ 122,000 |
| Gary, IN | 3 | $ 206,000 | $ 68,666 | $ 49,000 |
| Lansing-East Lansing, MI | 3 | $ 238,000 | $ 79,333 | $ 48,000 |
| Memphis, TN-MS-AR | 3 | $ 568,000 | $ 189,333 | $ 82,000 |
| Auburn-Opelika, AL | 2 | $ 268,000 | $ 134,000 | $ 74,000 |
| Bethesda-Frederick-Gaithersburg, MD | 2 | $ 376,000 | $ 188,000 | $ 64,000 |
| Farmington, NM | 2 | $ 125,000 | $ 62,500 | $ 35,000 |
| Flint, MI | 2 | $ 102,000 | $ 51,000 | $ 30,000 |
| Florence-Muscle Shoals, AL | 2 | $ 264,000 | $ 132,000 | $ 75,000 |
| Greenville, SC | 2 | $ 137,000 | $ 68,500 | $ 32,000 |
| Hinesville-Fort Stewart, GA | 2 | $ 105,000 | $ 52,500 | $ 61,000 |
| Hot Springs, AR | 2 | $ 207,000 | $ 103,500 | $ 45,000 |
| Jackson, TN | 2 | $ 152,000 | $ 76,000 | $ 39,000 |
| Jacksonville, FL | 2 | $ 1,200,000 | $ 600,000 | $ 792,000 |
| Lafayette, IN | 2 | $ 200,000 | $ 100,000 | $ 45,000 |
| Las Cruces, NM | 2 | $ 370,000 | $ 185,000 | $ 77,000 |
| Sarasota-Bradenton-Venice, FL | 2 | $ 295,000 | $ 147,500 | $ 114,000 |
| Spartanburg, SC | 2 | $ 128,000 | $ 64,000 | $ 35,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 187,000 | $ 93,500 | $ 58,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 205,000 | $ 102,500 | $ 122,000 |
| Clarksville, TN-KY | 1 | $ 95,000 | $ 95,000 | $ 45,000 |
| Columbia, SC | 1 | $ 142,000 | $ 142,000 | $ 35,000 |
| Denver-Aurora, CO | 1 | $ 325,000 | $ 325,000 | $ 37,000 |
| Dothan, AL | 1 | $ 43,000 | $ 43,000 | $ 64,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 181,000 | $ 181,000 | $ 72,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 108,000 | $ 108,000 | $ 77,000 |
| Greeley, CO | 1 | $ 148,000 | $ 148,000 | $ 113,000 |
| Lakeland, FL | 1 | $ 235,000 | $ 235,000 | $ 68,000 |
| Lynchburg, VA | 1 | $ 116,000 | $ 116,000 | $ 0 |
| Montgomery, AL | 1 | $ 115,000 | $ 115,000 | $ 26,000 |
| Ocala, FL | 1 | $ 90,000 | $ 90,000 | $ 50,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 60,000 | $ 60,000 | $ 38,000 |
| Orlando, FL | 1 | $ 90,000 | $ 90,000 | $ 144,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 95,000 | $ 95,000 | $ 0 |
| South Bend-Mishawaka, IN-MI | 1 | $ 60,000 | $ 60,000 | $ 34,000 |
| St. Louis, MO-IL | 1 | $ 86,000 | $ 86,000 | $ 779,000 |
| Valdosta, GA | 1 | $ 64,000 | $ 64,000 | $ 120,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 145,000 | $ 145,000 | $ 0 |
Mortgage Loan Application Detail Totals for American Freedom Mortgage, Inc 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 | 1,980 | $247,418,000 | $120,076 | $945,000 | $57,076 | $800,000 |
| Home Purchase | 471 | $55,174,000 | $110,944 | $1,000,000 | $82,111 | $792,000 |
| Home Improvement | 5 | $518,000 | $102,000 | $140,000 | $39,000 | $49,000 |
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 | 1,359 | $169,150,000 | $112,000 | $1,000,000 | $61,062 | $800,000 |
| Black or African American | 873 | $105,732,000 | $103,615 | $626,000 | $117,000 | $779,000 |
| Not Provided | 119 | $15,378,000 | $123,444 | $348,000 | $54,111 | $168,000 |
| Hispanic | 84 | $10,802,000 | $134,571 | $945,000 | $66,571 | $300,000 |
| Asian | 15 | $1,526,000 | $88,666 | $225,000 | $76,333 | $300,000 |
| American Indian or Alaskan Native | 4 | $402,000 | $107,000 | $165,000 | $48,500 | $79,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $120,000 | $60,000 | $96,000 | $83,000 | $83,000 |
| 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) | 2,453 | $302,955,000 | $116,166 | $1,000,000 | $79,055 | $800,000 |
| FHA-insured (Federal Housing Administration) | 2 | $58,000 | $29,000 | $48,000 | $46,000 | $92,000 |
| VA-guaranteed (Veterans Administration) | 1 | $97,000 | $97,000 | $97,000 | $28,000 | $28,000 |
| 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 | 1,615 | $200,039,000 | $129,333 | $1,000,000 | $73,583 | $792,000 |
| Application Withdrawn By Applicant | 496 | $61,150,000 | $124,647 | $702,000 | $56,823 | $800,000 |
| Application Denied By Financial Institution | 321 | $38,872,000 | $96,571 | $650,000 | $110,357 | $779,000 |
| Application Approved But Not Accepted | 24 | $3,049,000 | $154,000 | $299,000 | $66,500 | $94,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 122 | $15,554,000 | $109,545 | $650,000 | $67,545 | $358,000 |
| Other | 93 | $10,728,000 | $67,857 | $626,000 | $46,000 | $315,000 |
| Credit History | 33 | $4,780,000 | $147,200 | $323,000 | $70,600 | $123,000 |
| Debt-To-Income Ratio | 26 | $3,675,000 | $108,500 | $516,000 | $36,000 | $120,000 |
| Employment History | 10 | $942,000 | $86,500 | $237,000 | $44,500 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $630,000 | $67,500 | $129,000 | $51,000 | $121,000 |
| Unverifiable Information | 6 | $663,000 | $87,750 | $196,000 | $301,500 | $779,000 |
| Credit Application Incomplete | 4 | $373,000 | $93,000 | $157,000 | $75,000 | $119,000 |
| Mortgage Insurance Denied | 1 | $33,000 | $33,000 | $33,000 | $139,000 | $139,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Freedom Mortgage, Inc'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 Freedom Mortgage, 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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