Axiom Financial, LLC Mortgage Lending & HMDA Data, 2003
In 2003, Axiom Financial, LLC of Sandy, UT reported 4,866 mortgage applications totaling $656.5 million. The average application was for $134,912, and applicants reported an average income of $49,493. 73% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Salt Lake City-Ogden, UT (2,133), Provo-Orem, UT (1,691) and Las Vegas, NV-AZ (9) (applications in parentheses).
| Mortgage Company & Address | Axiom Financial, LLC 9350 S 150 E, #140 Sandy, UT 84070 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 4,866 |
| Total Mortgage Loan Application Amount | $656,484,000 |
| Average Mortgage Loan Application Amount | $134,912 |
| Highest Mortgage Loan Application Amount | $900,000 |
| Average Applicant Income | $49,493 |
| Highest Applicant Income | $671,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Axiom Financial, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Salt Lake City-Ogden, UT | 2,133 | $ 287,751,000 | $ 134,904 | $ 43,000 |
| Provo-Orem, UT | 1,691 | $ 231,310,000 | $ 136,788 | $ 40,000 |
| Las Vegas, NV-AZ | 9 | $ 1,115,000 | $ 123,888 | $ 74,000 |
| Boise City, ID | 8 | $ 827,000 | $ 103,375 | $ 62,000 |
| Oklahoma City, OK | 8 | $ 733,000 | $ 91,625 | $ 67,000 |
| Fresno, CA | 5 | $ 819,000 | $ 163,800 | $ 73,000 |
| Phoenix-Mesa, AZ | 5 | $ 743,000 | $ 148,600 | $ 34,000 |
| Riverside-San Bernardino, CA | 5 | $ 889,000 | $ 177,800 | $ 56,000 |
| Sacramento, CA | 4 | $ 1,257,000 | $ 314,250 | $ 101,000 |
| Denver, CO | 3 | $ 644,000 | $ 214,666 | $ 109,000 |
| Fort Collins-Loveland, CO | 3 | $ 511,000 | $ 170,333 | $ 57,000 |
| Reno, NV | 3 | $ 400,000 | $ 133,333 | $ 86,000 |
| Bakersfield, CA | 2 | $ 266,000 | $ 133,000 | $ 69,000 |
| Colorado Springs, CO | 2 | $ 357,000 | $ 178,500 | $ 31,000 |
| El Paso, TX | 2 | $ 169,000 | $ 84,500 | $ 57,000 |
| Fort Lauderdale, FL | 2 | $ 273,000 | $ 136,500 | $ 0 |
| Medford-Ashland, OR | 2 | $ 266,000 | $ 133,000 | $ 16,000 |
| Modesto, CA | 2 | $ 529,000 | $ 264,500 | $ 100,000 |
| Orange County, CA | 2 | $ 684,000 | $ 342,000 | $ 110,000 |
| San Luis Obispo-Atascadero-Paso Robles, CA | 2 | $ 432,000 | $ 216,000 | $ 108,000 |
| Stockton-Lodi, CA | 2 | $ 386,000 | $ 193,000 | $ 140,000 |
| Tacoma, WA | 2 | $ 189,000 | $ 94,500 | $ 72,000 |
| Atlanta, GA | 1 | $ 109,000 | $ 109,000 | $ 67,000 |
| Bryan-College Station, TX | 1 | $ 100,000 | $ 100,000 | $ 45,000 |
| Casper, WY | 1 | $ 120,000 | $ 120,000 | $ 50,000 |
| Columbus, OH | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Detroit, MI | 1 | $ 232,000 | $ 232,000 | $ 109,000 |
| Flagstaff, AZ-UT | 1 | $ 73,000 | $ 73,000 | $ 24,000 |
| Fort Worth-Arlington, TX | 1 | $ 141,000 | $ 141,000 | $ 0 |
| Gary, IN | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Harrisburg-Lebanon-Carlisle, PA | 1 | $ 78,000 | $ 78,000 | $ 85,000 |
| Honolulu, HI | 1 | $ 208,000 | $ 208,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 189,000 | $ 189,000 | $ 53,000 |
| Lincoln, NE | 1 | $ 105,000 | $ 105,000 | $ 32,000 |
| Los Angeles-Long Beach, CA | 1 | $ 226,000 | $ 226,000 | $ 175,000 |
| Louisville, KY-IN | 1 | $ 102,000 | $ 102,000 | $ 49,000 |
| Merced, CA | 1 | $ 46,000 | $ 46,000 | $ 64,000 |
| Miami, FL | 1 | $ 134,000 | $ 134,000 | $ 26,000 |
| Milwaukee-Waukesha, WI | 1 | $ 212,000 | $ 212,000 | $ 80,000 |
| Minneapolis-St. Paul, MN-WI | 1 | $ 214,000 | $ 214,000 | $ 150,000 |
| Oakland, CA | 1 | $ 170,000 | $ 170,000 | $ 135,000 |
| Orlando, FL | 1 | $ 140,000 | $ 140,000 | $ 47,000 |
| San Diego, CA | 1 | $ 107,000 | $ 107,000 | $ 113,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 124,000 | $ 124,000 | $ 474,000 |
| Topeka, KS | 1 | $ 300,000 | $ 300,000 | $ 150,000 |
| Tucson, AZ | 1 | $ 77,000 | $ 77,000 | $ 132,000 |
| Vallejo-Fairfield-Napa, CA | 1 | $ 122,000 | $ 122,000 | $ 0 |
| Ventura, CA | 1 | $ 235,000 | $ 235,000 | $ 89,000 |
Mortgage Loan Application Detail Totals for Axiom Financial, LLC in 2003
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 (one-to-four family) | 2,801 | $368,463,000 | $144,454 | $900,000 | $68,454 | $475,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 2,064 | $287,770,000 | $164,791 | $900,000 | $55,250 | $671,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 1 | $251,000 | $251,000 | $251,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 | 3,943 | $533,011,000 | $155,434 | $900,000 | $78,434 | $671,000 |
| Information not provided by applicant in mail or telephone application | 454 | $63,428,000 | $139,230 | $550,000 | $32,769 | $444,000 |
| Hispanic | 320 | $39,998,000 | $126,200 | $359,000 | $43,000 | $198,000 |
| Asian or Pacific Islander | 75 | $10,158,000 | $136,000 | $275,000 | $40,250 | $124,000 |
| Other | 49 | $6,830,000 | $141,500 | $900,000 | $55,500 | $230,000 |
| Black | 15 | $2,041,000 | $137,000 | $185,000 | $35,250 | $88,000 |
| American Indian or Alaskan Native | 10 | $1,018,000 | $87,666 | $157,000 | $38,333 | $84,000 |
| 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) | 2,652 | $377,272,000 | $153,821 | $900,000 | $70,250 | $671,000 |
| FHA-insured (Federal Housing Administration) | 2,037 | $254,257,000 | $114,666 | $295,000 | $15,416 | $240,000 |
| VA-guaranteed (Veterans Administration) | 177 | $24,955,000 | $135,500 | $240,000 | $28,400 | $120,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 3,557 | $478,835,000 | $150,040 | $770,000 | $67,640 | $671,000 |
| Application Withdrawn By Applicant | 1,201 | $163,403,000 | $168,615 | $900,000 | $69,615 | $475,000 |
| Application Denied By Financial Institution | 76 | $10,316,000 | $112,666 | $475,000 | $18,833 | $196,000 |
| File Closed For Incompleteness | 26 | $3,036,000 | $118,500 | $162,000 | $45,500 | $79,000 |
| Application Approved But Not Accepted | 6 | $894,000 | $149,000 | $252,000 | $25,000 | $72,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Other | 37 | $5,992,000 | $122,000 | $475,000 | $20,333 | $196,000 |
| Credit History | 21 | $2,323,000 | $109,500 | $180,000 | $47,500 | $147,000 |
| Unverifiable Information | 5 | $694,000 | $140,500 | $225,000 | $66,000 | $94,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $581,000 | $110,500 | $147,000 | $36,500 | $96,000 |
| Debt-To-Income Ratio | 4 | $467,000 | $116,500 | $200,000 | $91,500 | $156,000 |
| Collateral | 2 | $180,000 | $90,000 | $110,000 | $66,000 | $83,000 |
| Credit Application Incomplete | 2 | $79,000 | $39,000 | $69,000 | $65,000 | $102,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Axiom Financial, LLC's 2003 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 Axiom 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.
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with aggregated HMDA statistics today.
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