Atlantic Home Lending, Inc. Mortgage Lending & HMDA Data, 2016
In 2016, Atlantic Home Lending, Inc. of Canton, MA reported 203 mortgage applications totaling $59.1 million, up 57% from 2015. The average application was for $291,266, and applicants reported an average income of $132,453. 88% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Boston, MA (81), Cambridge-Newton-Framingham, MA (46) and Providence-Warwick, RI-MA (25) (applications in parentheses).
| Mortgage Company & Address | Atlantic Home Lending, Inc. 275 Turnpike Street, Suite 203 Canton, MA 02021 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2019 2018 2017 2016 2015 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 203 |
| Total Mortgage Loan Application Amount | $59,127,000 |
| Average Mortgage Loan Application Amount | $291,266 |
| Highest Mortgage Loan Application Amount | $700,000 |
| Average Applicant Income | $132,453 |
| Highest Applicant Income | $440,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Atlantic Home Lending, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Atlantic Home Lending, Inc. 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 |
|---|---|---|---|---|---|---|
| Refinancing | 143 | $40,850,000 | $285,000 | $457,000 | $136,000 | $440,000 |
| Home Purchase | 60 | $18,277,000 | $304,000 | $700,000 | $124,000 | $428,000 |
| 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 | 194 | $56,580,000 | $291,000 | $700,000 | $134,000 | $440,000 |
| Asian | 5 | $1,455,000 | $291,000 | $450,000 | $106,000 | $142,000 |
| Hispanic | 2 | $535,000 | $267,000 | $285,000 | $71,000 | $76,000 |
| Not Provided | 2 | $557,000 | $278,000 | $333,000 | $112,000 | $138,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 203 | $59,127,000 | $291,000 | $700,000 | $132,000 | $440,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 178 | $51,582,000 | $289,000 | $473,000 | $132,000 | $440,000 |
| Preapproval Approved but not Accepted | 11 | $4,310,000 | $391,000 | $700,000 | $134,000 | $400,000 |
| Application Denied By Financial Institution | 7 | $1,616,000 | $230,000 | $375,000 | $153,000 | $288,000 |
| Application Withdrawn By Applicant | 7 | $1,619,000 | $231,000 | $400,000 | $109,000 | $222,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 2 | $543,000 | $271,000 | $375,000 | $282,000 | $288,000 |
| Collateral | 2 | $521,000 | $260,000 | $361,000 | $117,000 | $145,000 |
| Credit Application Incomplete | 1 | $270,000 | $270,000 | $270,000 | $83,000 | $83,000 |
| Unverifiable Information | 1 | $160,000 | $160,000 | $160,000 | $54,000 | $54,000 |
| Debt-To-Income Ratio | 1 | $122,000 | $122,000 | $122,000 | $138,000 | $138,000 |
| Employment History | 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 Atlantic Home Lending, Inc.'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 Atlantic Home Lending, 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.
For a list of all lenders in Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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