Avelo Mortgage, L.L.C Mortgage Lending & HMDA Data, 2010
In 2010, Avelo Mortgage, L.L.C of Irving, TX reported 167 mortgage applications totaling $28.3 million, down 97% from 2009. The average application was for $169,335, and applicants reported an average income of $65,910. 14% of its applications resulted in an originated loan and 80% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (12), Atlanta-Sandy Springs-Marietta, GA (10) and Bethesda-Rockville-Frederick, MD (8) (applications in parentheses).
| Mortgage Company & Address | Avelo Mortgage, L.L.C 250 East John Carpenter Freeway Irving, TX 75062 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 167 |
| Total Mortgage Loan Application Amount | $28,279,000 |
| Average Mortgage Loan Application Amount | $169,335 |
| Highest Mortgage Loan Application Amount | $743,000 |
| Average Applicant Income | $65,910 |
| Highest Applicant Income | $504,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Avelo Mortgage, L.L.C filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 12 | $ 3,794,000 | $ 316,166 | $ 101,500 |
| Atlanta-Sandy Springs-Marietta, GA | 10 | $ 2,060,000 | $ 206,000 | $ 69,000 |
| Bethesda-Rockville-Frederick, MD | 8 | $ 2,445,000 | $ 305,625 | $ 60,000 |
| St. Louis, MO-IL | 7 | $ 850,000 | $ 121,428 | $ 54,000 |
| New York-White Plains-Wayne, NY-NJ | 6 | $ 1,199,000 | $ 199,833 | $ 46,333 |
| Nassau-Suffolk, NY | 5 | $ 1,246,000 | $ 249,200 | $ 88,000 |
| Los Angeles-Long Beach-Glendale, CA | 4 | $ 1,348,000 | $ 337,000 | $ 91,000 |
| Pittsburgh, PA | 4 | $ 380,000 | $ 95,000 | $ 76,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 3 | $ 285,000 | $ 95,000 | $ 34,000 |
| Cincinnati-Middletown, OH-KY-IN | 3 | $ 346,000 | $ 115,333 | $ 83,000 |
| Cleveland-Elyria-Mentor, OH | 3 | $ 206,000 | $ 68,666 | $ 33,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 455,000 | $ 151,666 | $ 76,000 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 410,000 | $ 136,666 | $ 21,000 |
| Indianapolis-Carmel, IN | 3 | $ 216,000 | $ 72,000 | $ 39,000 |
| Asheville, NC | 2 | $ 190,000 | $ 95,000 | $ 112,000 |
| Chicago-Joliet-Naperville, IL | 2 | $ 377,000 | $ 188,500 | $ 92,000 |
| Dallas-Plano-Irving, TX | 2 | $ 197,000 | $ 98,500 | $ 75,000 |
| Greensboro-High Point, NC | 2 | $ 141,000 | $ 70,500 | $ 28,000 |
| Harrisburg-Carlisle, PA | 2 | $ 314,000 | $ 157,000 | $ 91,000 |
| Kingsport-Bristol-Bristol, TN-VA | 2 | $ 105,000 | $ 52,500 | $ 24,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 209,000 | $ 104,500 | $ 36,000 |
| New Haven-Milford, CT | 2 | $ 500,000 | $ 250,000 | $ 146,000 |
| Owensboro, KY | 2 | $ 122,000 | $ 61,000 | $ 35,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 2 | $ 850,000 | $ 425,000 | $ 78,000 |
| Rapid City, SD | 2 | $ 220,000 | $ 110,000 | $ 65,000 |
| Richmond, VA | 2 | $ 254,000 | $ 127,000 | $ 38,000 |
| San Diego-Carlsbad-San Marcos, CA | 2 | $ 813,000 | $ 406,500 | $ 267,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 179,000 | $ 179,000 | $ 34,000 |
| Anderson, IN | 1 | $ 49,000 | $ 49,000 | $ 22,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 65,000 | $ 65,000 | $ 18,000 |
| Baltimore-Towson, MD | 1 | $ 90,000 | $ 90,000 | $ 70,000 |
| Boise City-Nampa, ID | 1 | $ 97,000 | $ 97,000 | $ 35,000 |
| Burlington, NC | 1 | $ 75,000 | $ 75,000 | $ 25,000 |
| Camden, NJ | 1 | $ 65,000 | $ 65,000 | $ 17,000 |
| Canton-Massillon, OH | 1 | $ 43,000 | $ 43,000 | $ 40,000 |
| Colorado Springs, CO | 1 | $ 159,000 | $ 159,000 | $ 63,000 |
| Columbus, GA-AL | 1 | $ 18,000 | $ 18,000 | $ 14,000 |
| Des Moines-West Des Moines, IA | 1 | $ 96,000 | $ 96,000 | $ 42,000 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 35,000 | $ 35,000 | $ 41,000 |
| Dover, DE | 1 | $ 115,000 | $ 115,000 | $ 40,000 |
| Edison-New Brunswick, NJ | 1 | $ 743,000 | $ 743,000 | $ 504,000 |
| Fort Worth-Arlington, TX | 1 | $ 132,000 | $ 132,000 | $ 76,000 |
| Gainesville, FL | 1 | $ 214,000 | $ 214,000 | $ 85,000 |
| Gary, IN | 1 | $ 17,000 | $ 17,000 | $ 50,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 108,000 | $ 108,000 | $ 56,000 |
| Kalamazoo-Portage, MI | 1 | $ 178,000 | $ 178,000 | $ 85,000 |
| Lakeland-Winter Haven, FL | 1 | $ 83,000 | $ 83,000 | $ 29,000 |
| Louisville-Jefferson County, KY-IN | 1 | $ 140,000 | $ 140,000 | $ 91,000 |
| Manchester-Nashua, NH | 1 | $ 151,000 | $ 151,000 | $ 37,000 |
| Memphis, TN-MS-AR | 1 | $ 114,000 | $ 114,000 | $ 31,000 |
| Modesto, CA | 1 | $ 119,000 | $ 119,000 | $ 39,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 89,000 | $ 89,000 | $ 29,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 557,000 | $ 557,000 | $ 186,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 78,000 | $ 78,000 | $ 24,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 73,000 | $ 73,000 | $ 47,000 |
| Peoria, IL | 1 | $ 55,000 | $ 55,000 | $ 66,000 |
| Philadelphia, PA | 1 | $ 40,000 | $ 40,000 | $ 19,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 246,000 | $ 246,000 | $ 112,000 |
| Pueblo, CO | 1 | $ 66,000 | $ 66,000 | $ 9,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 138,000 | $ 138,000 | $ 37,000 |
| Roanoke, VA | 1 | $ 153,000 | $ 153,000 | $ 29,000 |
| San Antonio-New Braunfels, TX | 1 | $ 53,000 | $ 53,000 | $ 20,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 497,000 | $ 497,000 | $ 138,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 400,000 | $ 400,000 | $ 88,000 |
| Savannah, GA | 1 | $ 153,000 | $ 153,000 | $ 38,000 |
| Spokane, WA | 1 | $ 97,000 | $ 97,000 | $ 50,000 |
| Stockton, CA | 1 | $ 216,000 | $ 216,000 | $ 84,000 |
| Trenton-Ewing, NJ | 1 | $ 163,000 | $ 163,000 | $ 77,000 |
| Tulsa, OK | 1 | $ 66,000 | $ 66,000 | $ 40,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 187,000 | $ 187,000 | $ 59,000 |
| Wichita, KS | 1 | $ 109,000 | $ 109,000 | $ 70,000 |
| Wilmington, DE-MD-NJ | 1 | $ 59,000 | $ 59,000 | $ 41,000 |
| Wilmington, NC | 1 | $ 121,000 | $ 121,000 | $ 32,000 |
| Winchester, VA-WV | 1 | $ 343,000 | $ 343,000 | $ 39,000 |
| York-Hanover, PA | 1 | $ 76,000 | $ 76,000 | $ 33,000 |
Mortgage Loan Application Detail Totals for Avelo Mortgage, L.L.C in 2010
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 | 166 | $28,148,000 | $169,000 | $743,000 | $66,000 | $504,000 |
| Home Purchase | 1 | $131,000 | $131,000 | $131,000 | $51,000 | $51,000 |
| 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 | 93 | $16,072,000 | $172,000 | $743,000 | $68,000 | $360,000 |
| Black or African American | 45 | $6,521,000 | $144,000 | $743,000 | $67,000 | $504,000 |
| Hispanic | 19 | $3,549,000 | $186,000 | $574,000 | $56,000 | $186,000 |
| Not Provided | 6 | $1,214,000 | $202,000 | $426,000 | $49,000 | $103,000 |
| Asian | 2 | $502,000 | $251,000 | $255,000 | $50,000 | $50,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $421,000 | $210,000 | $248,000 | $66,000 | $66,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 165 | $28,141,000 | $170,000 | $743,000 | $65,000 | $504,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 2 | $138,000 | $69,000 | $108,000 | $78,000 | $101,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 134 | $22,129,000 | $165,000 | $743,000 | $58,000 | $360,000 |
| Loan Originated | 23 | $4,796,000 | $208,000 | $743,000 | $103,000 | $504,000 |
| File Closed For Incompleteness | 8 | $1,030,000 | $128,000 | $222,000 | $66,000 | $122,000 |
| Application Approved But Not Accepted | 2 | $324,000 | $162,000 | $251,000 | $104,000 | $146,000 |
| Application Withdrawn By Applicant | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Avelo Mortgage, L.L.C's 2010 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 Avelo Mortgage, L.L.C'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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