Avelo Mortgage, L.L.C
Mortgage Loan Application
Totals and Details
for 2007

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 5,923
Total Mortgage Loan Application Amount $1,391,863,000
Average Mortgage Loan Application Amount $204,571
Highest Mortgage Loan Application Amount $1,684,000
Average Applicant Income $91,530
Highest Applicant Income $4,447,000
Download the Texas Lender List

Mortgage Loan Application Detail Totals for Avelo Mortgage, L.L.C in 2007

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 4,339 $1,018,375,000 $234,000 $1,500,000 $90,000 $3,758,000
Home Purchase 1,584 $373,488,000 $235,000 $1,684,000 $111,000 $4,447,000
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 2,472 $603,071,000 $243,000 $1,500,000 $106,000 $3,758,000
Black or African American 1,616 $349,764,000 $216,000 $1,200,000 $84,000 $4,447,000
Hispanic 914 $223,857,000 $244,000 $1,684,000 $92,000 $1,202,000
Not Provided 785 $177,619,000 $226,000 $1,190,000 $88,000 $871,000
Asian 102 $29,121,000 $285,000 $1,119,000 $117,000 $700,000
American Indian or Alaskan Native 19 $4,107,000 $216,000 $519,000 $89,000 $341,000
Native Hawaiin or Other Pacific Islander 15 $4,324,000 $288,000 $472,000 $110,000 $206,000
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) 5,911 $1,390,052,000 $235,000 $1,684,000 $95,000 $4,447,000
FHA-insured (Federal Housing Administration) 12 $1,811,000 $150,000 $340,000 $55,000 $114,000
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 3,365 $829,650,000 $246,000 $1,684,000 $100,000 $2,436,000
Loan Originated 1,667 $369,738,000 $221,000 $1,250,000 $85,000 $3,758,000
Application Withdrawn By Applicant 852 $184,819,000 $216,000 $1,200,000 $97,000 $4,447,000
Application Approved But Not Accepted 39 $7,656,000 $196,000 $508,000 $83,000 $357,000
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
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
Download the Texas Lender List