Arrowhead Capital Corporation Mortgage Lending & HMDA Data, 2009

In 2009, Arrowhead Capital Corporation of Redlands, CA reported 87 mortgage applications totaling $17.5 million. The average application was for $201,057, and applicants reported an average income of $72,655. 1% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (67), Sacramento--Arden-Arcade--Roseville, CA (11) and San Diego-Carlsbad-San Marcos, CA (2) (applications in parentheses).

Mortgage Company & Address Arrowhead Capital Corporation
1425 W Lugonia Ave Ste 102
Redlands, CA 92374
Tel #: available with data download
Federal Regulator * available with data download
Years 2017  2009  
Total Number of Mortgage Applications 87
Total Mortgage Loan Application Amount $17,492,000
Average Mortgage Loan Application Amount $201,057
Highest Mortgage Loan Application Amount $474,000
Average Applicant Income $72,655
Highest Applicant Income $523,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Arrowhead Capital Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Arrowhead Capital Corporation in 2009

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 51 $9,544,000 $187,000 $405,000 $59,000 $133,000
Refinancing 36 $7,948,000 $220,000 $474,000 $92,000 $523,000
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 60 $12,390,000 $206,000 $474,000 $81,000 $523,000
Hispanic 20 $3,851,000 $192,000 $344,000 $54,000 $103,000
Black or African American 3 $452,000 $150,000 $153,000 $39,000 $55,000
American Indian or Alaskan Native 2 $443,000 $221,000 $325,000 $70,000 $103,000
Asian 1 $152,000 $152,000 $152,000 $84,000 $84,000
Native Hawaiian or Other Pacific Islander 1 $204,000 $204,000 $204,000 $48,000 $48,000
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 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) 53 $9,734,000 $183,000 $344,000 $53,000 $150,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 31 $7,345,000 $236,000 $474,000 $107,000 $523,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $198,000 $99,000 $112,000 $27,000 $39,000
VA-guaranteed (Veterans Administration) 1 $215,000 $215,000 $215,000 $98,000 $98,000

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 Withdrawn By Applicant 62 $12,518,000 $201,000 $474,000 $76,000 $523,000
Application Denied By Financial Institution 23 $4,712,000 $204,000 $405,000 $65,000 $138,000
Application Approved But Not Accepted 1 $124,000 $124,000 $124,000 $62,000 $62,000
Loan Originated 1 $138,000 $138,000 $138,000 $34,000 $34,000
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
File Closed For Incompleteness 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 7 $1,640,000 $234,000 $405,000 $70,000 $138,000
Unverifiable Information 6 $1,299,000 $216,000 $278,000 $78,000 $103,000
Debt-To-Income Ratio 4 $514,000 $128,000 $167,000 $45,000 $93,000
Employment History 2 $432,000 $216,000 $244,000 $65,000 $87,000
Credit History 2 $331,000 $165,000 $245,000 $41,000 $66,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Arrowhead Capital Corporation's 2009 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 Arrowhead Capital 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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