Aurora Financial, LLC Mortgage Lending & HMDA Data, 2017

In 2017, Aurora Financial, LLC of Vienna, VA reported 945 mortgage applications totaling $360.1 million. The average application was for $381,085, and applicants reported an average income of $185,003. 72% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (142), Seattle-Bellevue-Everett, WA (71) and Silver Spring-Frederick-Rockville, MD (57) (applications in parentheses).

Mortgage Company & Address Aurora Financial, LLC
8150 Leesburg Pike #410
Vienna, VA 22182
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  
Total Number of Mortgage Applications 945
Total Mortgage Loan Application Amount $360,126,000
Average Mortgage Loan Application Amount $381,085
Highest Mortgage Loan Application Amount $1,311,000
Average Applicant Income $185,003
Highest Applicant Income $13,333,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Aurora Financial, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Aurora Financial, LLC in 2017

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 593 $228,515,000 $385,000 $1,311,000 $204,000 $13,333,000
Home Purchase 352 $131,611,000 $373,000 $900,000 $153,000 $903,000
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 665 $249,731,000 $375,000 $1,311,000 $169,000 $7,843,000
Asian 212 $83,020,000 $391,000 $908,000 $240,000 $13,333,000
Hispanic 42 $16,943,000 $403,000 $717,000 $157,000 $351,000
Black or African American 16 $6,268,000 $391,000 $637,000 $172,000 $337,000
Not Provided 5 $2,058,000 $411,000 $538,000 $176,000 $344,000
American Indian or Alaskan Native 4 $1,562,000 $390,000 $560,000 $175,000 $317,000
Native Hawaiian or Other Pacific Islander 1 $544,000 $544,000 $544,000 $183,000 $183,000
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) 945 $360,126,000 $381,000 $1,311,000 $185,000 $13,333,000
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 680 $253,843,000 $373,000 $1,240,000 $167,000 $7,843,000
Application Withdrawn By Applicant 168 $65,881,000 $392,000 $1,153,000 $278,000 $13,333,000
Application Denied By Financial Institution 62 $25,681,000 $414,000 $1,311,000 $140,000 $632,000
Application Approved But Not Accepted 23 $10,503,000 $456,000 $1,000,000 $176,000 $317,000
File Closed For Incompleteness 8 $2,814,000 $351,000 $480,000 $142,000 $212,000
Loan Purchased By The Institution 4 $1,404,000 $351,000 $530,000 $111,000 $168,000
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
Debt-To-Income Ratio 15 $5,710,000 $380,000 $637,000 $99,000 $157,000
Other 8 $3,201,000 $400,000 $624,000 $135,000 $232,000
Collateral 6 $2,599,000 $433,000 $717,000 $274,000 $632,000
Unverifiable Information 4 $1,717,000 $429,000 $728,000 $149,000 $271,000
Credit Application Incomplete 1 $296,000 $296,000 $296,000 $102,000 $102,000
Employment History 1 $1,311,000 $1,311,000 $1,311,000 $213,000 $213,000
Insufficient Cash (Downpayment, Closing Cost) 1 $280,000 $280,000 $280,000 $70,000 $70,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Aurora Financial, LLC's 2017 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 Aurora Financial, LLC'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 Virginia, download the full spreadsheet with aggregated HMDA statistics today.

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