Aml Funding LLC dba Absolute Mortgage & Lending Mortgage Lending & HMDA Data, 2024

In 2024, Aml Funding LLC dba Absolute Mortgage & Lending of Dallas, TX reported 1,609 mortgage applications totaling $485.2 million, up 22% from 2023. The average application was for $301,556, and applicants reported an average income of $131,884. 76% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Dallas-Plano-Irving, TX (279), Houston-The Woodlands-Sugar Land, TX (274) and Fort Worth-Arlington, TX (195) (applications in parentheses).

Mortgage Company & Address Aml Funding LLC dba Absolute Mortgage & Lending
4230 Lyndon B Johnson Fwy #626
Dallas, TX 75244
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  
Total Number of Mortgage Applications 1,609
Total Mortgage Loan Application Amount $485,205,000
Average Mortgage Loan Application Amount $301,556
Highest Mortgage Loan Application Amount $1,825,000
Average Applicant Income $131,884
Highest Applicant Income $2,814,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Aml Funding LLC dba Absolute Mortgage & Lending filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Aml Funding LLC dba Absolute Mortgage & Lending in 2024

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 1,356 $414,880,000 $305,000 $975,000 $129,000 $2,814,000
Cash-out Refinancing 180 $46,700,000 $259,000 $1,825,000 $156,000 $984,000
Refinancing 73 $23,625,000 $323,000 $1,185,000 $126,000 $322,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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
Asian 1,198 $364,730,000 $304,000 $1,825,000 $134,000 $1,095,000
White 184 $55,230,000 $300,000 $1,255,000 $135,000 $516,000
Hispanic 167 $48,025,000 $287,000 $775,000 $121,000 $2,814,000
Black or African American 34 $9,100,000 $267,000 $585,000 $119,000 $513,000
Not Provided 22 $6,160,000 $280,000 $455,000 $101,000 $238,000
American Indian or Alaskan Native 3 $1,675,000 $558,000 $745,000 $241,000 $390,000
Native Hawaiian or Other Pacific Islander 1 $285,000 $285,000 $285,000 $154,000 $154,000
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) 1,398 $421,900,000 $301,000 $1,825,000 $137,000 $2,814,000
FHA-insured (Federal Housing Administration) 160 $47,130,000 $294,000 $615,000 $98,000 $350,000
VA-guaranteed (Veterans Administration) 50 $15,890,000 $317,000 $655,000 $99,000 $246,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $285,000 $285,000 $285,000 $103,000 $103,000

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 1,217 $365,945,000 $300,000 $1,825,000 $132,000 $2,814,000
Application Withdrawn By Applicant 294 $94,500,000 $321,000 $1,255,000 $141,000 $1,019,000
Application Denied By Financial Institution 88 $22,420,000 $254,000 $695,000 $100,000 $333,000
Application Approved But Not Accepted 10 $2,340,000 $234,000 $325,000 $91,000 $159,000
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
Not applicable 1,521 $462,785,000 $304,000 $1,825,000 $133,000 $2,814,000
Other 21 $4,555,000 $216,000 $365,000 $79,000 $250,000
Debt-To-Income Ratio 19 $5,695,000 $299,000 $695,000 $99,000 $333,000
Collateral 17 $3,535,000 $207,000 $455,000 $108,000 $305,000
Credit History 12 $3,450,000 $287,000 $615,000 $137,000 $282,000
Unverifiable Information 9 $2,225,000 $247,000 $325,000 $81,000 $108,000
Insufficient Cash (Downpayment, Closing Cost) 8 $2,350,000 $293,000 $375,000 $106,000 $178,000
Employment History 2 $610,000 $305,000 $345,000 $187,000 $272,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Aml Funding LLC dba Absolute Mortgage & Lending's 2024 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 Aml Funding LLC dba Absolute Mortgage & Lending'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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