American Southwest Mortgage Funding Corp Mortgage Lending & HMDA Data, 2016
In 2016, American Southwest Mortgage Funding Corp of Oklahoma City, OK reported 4,090 mortgage applications totaling $655.0 million. The average application was for $160,150, and applicants reported an average income of $72,958. 61% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Oklahoma City, OK (1,068), Tulsa, OK (522) and Des Moines-West Des Moines, IA (472) (applications in parentheses).
| Mortgage Company & Address | American Southwest Mortgage Funding Corp 5900 Mosteller Drive Suite 8 Oklahoma City, OK 73112 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 |
| Total Number of Mortgage Applications | 4,090 |
| Total Mortgage Loan Application Amount | $655,014,000 |
| Average Mortgage Loan Application Amount | $160,150 |
| Highest Mortgage Loan Application Amount | $1,292,000 |
| Average Applicant Income | $72,958 |
| Highest Applicant Income | $3,996,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Southwest Mortgage Funding Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Southwest Mortgage Funding Corp 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 3,122 | $481,462,000 | $154,000 | $1,292,000 | $69,000 | $3,996,000 |
| Refinancing | 960 | $172,430,000 | $179,000 | $630,000 | $86,000 | $1,260,000 |
| Home Improvement | 8 | $1,122,000 | $140,000 | $212,000 | $53,000 | $95,000 |
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 | 2,864 | $459,453,000 | $160,000 | $630,000 | $74,000 | $2,008,000 |
| Black or African American | 436 | $66,520,000 | $152,000 | $475,000 | $58,000 | $260,000 |
| Not Provided | 280 | $46,841,000 | $167,000 | $435,000 | $72,000 | $560,000 |
| Hispanic | 274 | $40,377,000 | $147,000 | $1,292,000 | $60,000 | $1,440,000 |
| Asian | 109 | $20,417,000 | $187,000 | $417,000 | $109,000 | $1,218,000 |
| American Indian or Alaskan Native | 102 | $16,560,000 | $162,000 | $417,000 | $75,000 | $520,000 |
| Native Hawaiin or Other Pacific Islander | 25 | $4,846,000 | $193,000 | $375,000 | $230,000 | $3,996,000 |
| 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) | 1,574 | $281,938,000 | $179,000 | $1,292,000 | $96,000 | $3,996,000 |
| FHA-insured (Federal Housing Administration) | 1,531 | $222,130,000 | $145,000 | $324,000 | $62,000 | $1,440,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 568 | $72,652,000 | $127,000 | $301,000 | $47,000 | $588,000 |
| VA-guaranteed (Veterans Administration) | 417 | $78,294,000 | $187,000 | $536,000 | $67,000 | $261,000 |
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 | 2,497 | $399,530,000 | $160,000 | $1,292,000 | $70,000 | $951,000 |
| Application Denied By Financial Institution | 915 | $145,151,000 | $158,000 | $536,000 | $74,000 | $2,008,000 |
| Application Approved But Not Accepted | 386 | $61,595,000 | $159,000 | $435,000 | $90,000 | $3,996,000 |
| Application Withdrawn By Applicant | 292 | $48,738,000 | $166,000 | $540,000 | $76,000 | $1,150,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 91 | $16,570,000 | $182,000 | $400,000 | $72,000 | $196,000 |
| Debt-To-Income Ratio | 36 | $5,011,000 | $139,000 | $292,000 | $52,000 | $264,000 |
| Credit History | 34 | $5,030,000 | $147,000 | $417,000 | $59,000 | $386,000 |
| Unverifiable Information | 8 | $1,423,000 | $177,000 | $251,000 | $99,000 | $338,000 |
| Employment History | 5 | $617,000 | $123,000 | $150,000 | $44,000 | $64,000 |
| Collateral | 2 | $244,000 | $122,000 | $131,000 | $50,000 | $67,000 |
| Credit Application Incomplete | 1 | $174,000 | $174,000 | $174,000 | $47,000 | $47,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $80,000 | $80,000 | $80,000 | $30,000 | $30,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Southwest Mortgage Funding Corp'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 Southwest Mortgage Funding Corp'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.
For a list of all lenders in Oklahoma, download the full spreadsheet
with aggregated HMDA statistics today.
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