Finance of America Commercial LLC Mortgage Lending & HMDA Data, 2018

In 2018, Finance of America Commercial LLC of Charlotte, NC reported 5,449 mortgage applications totaling $1.3 billion, up 88% from 2017. The average application was for $245,759, and applicants reported an average income of $0. 70% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (544), New York-Jersey City-White Plains, NY-NJ (432) and Philadelphia, PA (271) (applications in parentheses).

Mortgage Company & Address Finance of America Commercial LLC
6230 Fairview Road, Suite 300
Charlotte, NC 28210
Tel #: available with data download
Federal Regulator * available with data download
Years 2021  2020  2019  2018  2017  2016  2015  
Total Number of Mortgage Applications 5,449
Total Mortgage Loan Application Amount $1,339,145,000
Average Mortgage Loan Application Amount $245,759
Highest Mortgage Loan Application Amount $10,305,000
Average Applicant Income $0
Highest Applicant Income $0

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Finance of America Commercial LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Mortgage Loan Application Totals for Finance of America Commercial LLC by Metropolitan Area in 2018

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Chicago-Naperville-Arlington Heights, IL 544 $ 102,690,000 $ 188,768 $ 0
New York-Jersey City-White Plains, NY-NJ 432 $ 131,270,000 $ 303,865 $ 0
Philadelphia, PA 271 $ 35,295,000 $ 130,239 $ 0
Newark, NJ-PA 249 $ 66,135,000 $ 265,602 $ 0
Atlanta-Sandy Springs-Roswell, GA 174 $ 36,280,000 $ 208,505 $ 0
Washington-Arlington-Alexandria, DC-VA-MD-WV 159 $ 43,935,000 $ 276,320 $ 0
Baltimore-Columbia-Towson, MD 154 $ 21,360,000 $ 138,701 $ 0
Camden, NJ 148 $ 19,780,000 $ 133,648 $ 0
Nassau County-Suffolk County, NY 146 $ 50,670,000 $ 347,054 $ 0
Houston-The Woodlands-Sugar Land, TX 139 $ 23,705,000 $ 170,539 $ 0
Cape Coral-Fort Myers, FL 113 $ 18,225,000 $ 161,283 $ 0
Outside any metro area 93 $ 19,205,000 $ 206,505 $ 0
Dallas-Plano-Irving, TX 88 $ 27,640,000 $ 314,090 $ 0
West Palm Beach-Boca Raton-Delray Beach, FL 70 $ 19,380,000 $ 276,857 $ 0
Charlotte-Concord-Gastonia, NC-SC 63 $ 11,655,000 $ 185,000 $ 0
Los Angeles-Long Beach-Glendale, CA 62 $ 53,030,000 $ 855,322 $ 0
Montgomery County-Bucks County-Chester County, PA 60 $ 12,520,000 $ 208,666 $ 0
Portland-Vancouver-Hillsboro, OR-WA 59 $ 22,015,000 $ 373,135 $ 0
Milwaukee-Waukesha-West Allis, WI 58 $ 7,100,000 $ 122,413 $ 0
Orlando-Kissimmee-Sanford, FL 56 $ 20,240,000 $ 361,428 $ 0
Warren-Troy-Farmington Hills, MI 53 $ 11,085,000 $ 209,150 $ 0
Albuquerque, NM 52 $ 7,930,000 $ 152,500 $ 0
New Haven-Milford, CT 49 $ 10,785,000 $ 220,102 $ 0
Louisville/Jefferson County, KY-IN 48 $ 2,580,000 $ 53,750 $ 0
Miami-Miami Beach-Kendall, FL 48 $ 15,460,000 $ 322,083 $ 0
Trenton, NJ 48 $ 7,680,000 $ 160,000 $ 0
Fort Worth-Arlington, TX 45 $ 6,245,000 $ 138,777 $ 0
Jacksonville, FL 43 $ 8,695,000 $ 202,209 $ 0
Phoenix-Mesa-Scottsdale, AZ 43 $ 16,745,000 $ 389,418 $ 0
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 42 $ 11,120,000 $ 264,761 $ 0
Tampa-St. Petersburg-Clearwater, FL 42 $ 14,060,000 $ 334,761 $ 0
Detroit-Dearborn-Livonia, MI 41 $ 10,175,000 $ 248,170 $ 0
Lake County-Kenosha County, IL-WI 38 $ 5,620,000 $ 147,894 $ 0
Virginia Beach-Norfolk-Newport News, VA-NC 38 $ 6,960,000 $ 183,157 $ 0
Las Vegas-Henderson-Paradise, NV 36 $ 9,850,000 $ 273,611 $ 0
Denver-Aurora-Lakewood, CO 35 $ 14,235,000 $ 406,714 $ 0
Indianapolis-Carmel-Anderson, IN 34 $ 6,260,000 $ 184,117 $ 0
Riverside-San Bernardino-Ontario, CA 34 $ 8,930,000 $ 262,647 $ 0
Columbus, OH 33 $ 9,755,000 $ 295,606 $ 0
Gary, IN 32 $ 3,620,000 $ 113,125 $ 0
Palm Bay-Melbourne-Titusville, FL 30 $ 5,450,000 $ 181,666 $ 0
Bridgeport-Stamford-Norwalk, CT 29 $ 20,155,000 $ 695,000 $ 0
Providence-Warwick, RI-MA 29 $ 5,345,000 $ 184,310 $ 0
Hartford-West Hartford-East Hartford, CT 27 $ 3,715,000 $ 137,592 $ 0
Wilmington, DE-MD-NJ 26 $ 3,510,000 $ 135,000 $ 0
Richmond, VA 24 $ 4,060,000 $ 169,166 $ 0
San Antonio-New Braunfels, TX 24 $ 5,730,000 $ 238,750 $ 0
Worcester, MA-CT 24 $ 4,930,000 $ 205,416 $ 0
Sacramento--Roseville--Arden-Arcade, CA 23 $ 15,615,000 $ 678,913 $ 0
Kansas City, MO-KS 20 $ 2,950,000 $ 147,500 $ 0
Minneapolis-St. Paul-Bloomington, MN-WI 20 $ 4,010,000 $ 200,500 $ 0
Cleveland-Elyria, OH 19 $ 1,855,000 $ 97,631 $ 0
Pittsburgh, PA 19 $ 2,405,000 $ 126,578 $ 0
St. Louis, MO-IL 19 $ 2,705,000 $ 142,368 $ 0
Boston, MA 18 $ 8,510,000 $ 472,777 $ 0
Nashville-Davidson--Murfreesboro--Franklin, TN 18 $ 7,870,000 $ 437,222 $ 0
Seattle-Bellevue-Everett, WA 18 $ 8,920,000 $ 495,555 $ 0
Oakland-Hayward-Berkeley, CA 17 $ 10,145,000 $ 596,764 $ 0
Ocala, FL 16 $ 2,810,000 $ 175,625 $ 0
Montgomery, AL 15 $ 1,225,000 $ 81,666 $ 0
Allentown-Bethlehem-Easton, PA-NJ 14 $ 1,750,000 $ 125,000 $ 0
Austin-Round Rock, TX 14 $ 3,870,000 $ 276,428 $ 0
Cambridge-Newton-Framingham, MA 14 $ 7,200,000 $ 514,285 $ 0
Anaheim-Santa Ana-Irvine, CA 13 $ 16,705,000 $ 1,285,000 $ 0
Birmingham-Hoover, AL 13 $ 1,815,000 $ 139,615 $ 0
Charleston-North Charleston, SC 13 $ 2,805,000 $ 215,769 $ 0
Fort Collins, CO 13 $ 3,795,000 $ 291,923 $ 0
Grand Rapids-Wyoming, MI 13 $ 1,825,000 $ 140,384 $ 0
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 13 $ 6,945,000 $ 534,230 $ 0
Augusta-Richmond County, GA-SC 12 $ 3,550,000 $ 295,833 $ 0
Boise City, ID 12 $ 2,610,000 $ 217,500 $ 0
Elgin, IL 12 $ 1,760,000 $ 146,666 $ 0
Memphis, TN-MS-AR 12 $ 1,590,000 $ 132,500 $ 0
North Port-Sarasota-Bradenton, FL 12 $ 2,210,000 $ 184,166 $ 0
Tallahassee, FL 12 $ 1,480,000 $ 123,333 $ 0
Buffalo-Cheektowaga-Niagara Falls, NY 11 $ 2,075,000 $ 188,636 $ 0
Columbia, SC 11 $ 1,415,000 $ 128,636 $ 0
Durham-Chapel Hill, NC 11 $ 3,585,000 $ 325,909 $ 0
East Stroudsburg, PA 11 $ 1,555,000 $ 141,363 $ 0
Flint, MI 11 $ 2,205,000 $ 200,454 $ 0
Greeley, CO 11 $ 2,025,000 $ 184,090 $ 0
Macon-Bibb County, GA 11 $ 2,005,000 $ 182,272 $ 0
Pensacola-Ferry Pass-Brent, FL 11 $ 1,065,000 $ 96,818 $ 0
Punta Gorda, FL 11 $ 2,305,000 $ 209,545 $ 0
Scranton--Wilkes-Barre--Hazleton, PA 11 $ 1,265,000 $ 115,000 $ 0
Albany-Schenectady-Troy, NY 10 $ 1,300,000 $ 130,000 $ 0
Bellingham, WA 10 $ 3,470,000 $ 347,000 $ 0
New Orleans-Metairie, LA 10 $ 1,810,000 $ 181,000 $ 0
Port St. Lucie, FL 10 $ 1,460,000 $ 146,000 $ 0
Silver Spring-Frederick-Rockville, MD 10 $ 2,880,000 $ 288,000 $ 0
Cincinnati, OH-KY-IN 9 $ 1,405,000 $ 156,111 $ 0
Colorado Springs, CO 9 $ 1,645,000 $ 182,777 $ 0
Dayton, OH 9 $ 1,835,000 $ 203,888 $ 0
Racine, WI 9 $ 895,000 $ 99,444 $ 0
Reading, PA 9 $ 845,000 $ 93,888 $ 0
Valdosta, GA 9 $ 1,145,000 $ 127,222 $ 0
Ann Arbor, MI 8 $ 4,300,000 $ 537,500 $ 0
Atlantic City-Hammonton, NJ 8 $ 1,310,000 $ 163,750 $ 0
Lancaster, PA 8 $ 930,000 $ 116,250 $ 0
Springfield, MA 8 $ 990,000 $ 123,750 $ 0
Athens-Clarke County, GA 7 $ 1,015,000 $ 145,000 $ 0
Chattanooga, TN-GA 7 $ 525,000 $ 75,000 $ 0
Deltona-Daytona Beach-Ormond Beach, FL 7 $ 965,000 $ 137,857 $ 0
Eugene, OR 7 $ 1,355,000 $ 193,571 $ 0
Kahului-Wailuku-Lahaina, HI 7 $ 7,805,000 $ 1,115,000 $ 0
Lakeland-Winter Haven, FL 7 $ 1,005,000 $ 143,571 $ 0
Raleigh, NC 7 $ 1,825,000 $ 260,714 $ 0
Rochester, NY 7 $ 935,000 $ 133,571 $ 0
San Diego-Carlsbad, CA 7 $ 7,065,000 $ 1,009,285 $ 0
Boulder, CO 6 $ 1,990,000 $ 331,666 $ 0
Cumberland, MD-WV 6 $ 530,000 $ 88,333 $ 0
Dutchess County-Putnam County, NY 6 $ 1,020,000 $ 170,000 $ 0
Fayetteville, NC 6 $ 510,000 $ 85,000 $ 0
Florence, SC 6 $ 1,080,000 $ 180,000 $ 0
Greenville-Anderson-Mauldin, SC 6 $ 700,000 $ 116,666 $ 0
Naples-Immokalee-Marco Island, FL 6 $ 1,490,000 $ 248,333 $ 0
Oxnard-Thousand Oaks-Ventura, CA 6 $ 4,300,000 $ 716,666 $ 0
Salisbury, MD-DE 6 $ 650,000 $ 108,333 $ 0
Tacoma-Lakewood, WA 6 $ 1,290,000 $ 215,000 $ 0
Decatur, AL 5 $ 515,000 $ 103,000 $ 0
Gulfport-Biloxi-Pascagoula, MS 5 $ 805,000 $ 161,000 $ 0
Lafayette, LA 5 $ 645,000 $ 129,000 $ 0
Michigan City-La Porte, IN 5 $ 475,000 $ 95,000 $ 0
Reno, NV 5 $ 2,475,000 $ 495,000 $ 0
San Jose-Sunnyvale-Santa Clara, CA 5 $ 4,955,000 $ 991,000 $ 0
Santa Fe, NM 5 $ 1,115,000 $ 223,000 $ 0
Stockton-Lodi, CA 5 $ 1,215,000 $ 243,000 $ 0
Urban Honolulu, HI 5 $ 2,235,000 $ 447,000 $ 0
York-Hanover, PA 5 $ 3,585,000 $ 717,000 $ 0
Baton Rouge, LA 4 $ 1,720,000 $ 430,000 $ 0
Beaumont-Port Arthur, TX 4 $ 520,000 $ 130,000 $ 0
Corvallis, OR 4 $ 1,340,000 $ 335,000 $ 0
El Paso, TX 4 $ 1,110,000 $ 277,500 $ 0
Homosassa Springs, FL 4 $ 760,000 $ 190,000 $ 0
Longview, TX 4 $ 330,000 $ 82,500 $ 0
Salem, OR 4 $ 3,030,000 $ 757,500 $ 0
Salinas, CA 4 $ 2,160,000 $ 540,000 $ 0
State College, PA 4 $ 550,000 $ 137,500 $ 0
Tucson, AZ 4 $ 560,000 $ 140,000 $ 0
Tulsa, OK 4 $ 510,000 $ 127,500 $ 0
Bremerton-Silverdale, WA 3 $ 575,000 $ 191,666 $ 0
Crestview-Fort Walton Beach-Destin, FL 3 $ 395,000 $ 131,666 $ 0
Davenport-Moline-Rock Island, IA-IL 3 $ 10,515,000 $ 3,505,000 $ 0
Fort Smith, AR-OK 3 $ 265,000 $ 88,333 $ 0
Green Bay, WI 3 $ 445,000 $ 148,333 $ 0
Greenville, NC 3 $ 285,000 $ 95,000 $ 0
Harrisburg-Carlisle, PA 3 $ 215,000 $ 71,666 $ 0
Hilton Head Island-Bluffton-Beaufort, SC 3 $ 895,000 $ 298,333 $ 0
Lansing-East Lansing, MI 3 $ 295,000 $ 98,333 $ 0
Panama City, FL 3 $ 395,000 $ 131,666 $ 0
Rockingham County-Strafford County, NH 3 $ 755,000 $ 251,666 $ 0
Sherman-Denison, TX 3 $ 235,000 $ 78,333 $ 0
Shreveport-Bossier City, LA 3 $ 305,000 $ 101,666 $ 0
Sumter, SC 3 $ 445,000 $ 148,333 $ 0
Vallejo-Fairfield, CA 3 $ 865,000 $ 288,333 $ 0
Wilmington, NC 3 $ 405,000 $ 135,000 $ 0
Yuba City, CA 3 $ 375,000 $ 125,000 $ 0
Akron, OH 2 $ 1,070,000 $ 535,000 $ 0
Barnstable Town, MA 2 $ 520,000 $ 260,000 $ 0
Bloomsburg-Berwick, PA 2 $ 180,000 $ 90,000 $ 0
California-Lexington Park, MD 2 $ 230,000 $ 115,000 $ 0
Champaign-Urbana, IL 2 $ 170,000 $ 85,000 $ 0
Chico, CA 2 $ 470,000 $ 235,000 $ 0
Cleveland, TN 2 $ 420,000 $ 210,000 $ 0
Columbus, GA-AL 2 $ 290,000 $ 145,000 $ 0
Corpus Christi, TX 2 $ 360,000 $ 180,000 $ 0
Des Moines-West Des Moines, IA 2 $ 170,000 $ 85,000 $ 0
Dover, DE 2 $ 130,000 $ 65,000 $ 0
Grants Pass, OR 2 $ 530,000 $ 265,000 $ 0
Hagerstown-Martinsburg, MD-WV 2 $ 260,000 $ 130,000 $ 0
Huntsville, AL 2 $ 230,000 $ 115,000 $ 0
La Crosse-Onalaska, WI-MN 2 $ 150,000 $ 75,000 $ 0
Lexington-Fayette, KY 2 $ 270,000 $ 135,000 $ 0
Longview, WA 2 $ 130,000 $ 65,000 $ 0
Manchester-Nashua, NH 2 $ 440,000 $ 220,000 $ 0
Mobile, AL 2 $ 360,000 $ 180,000 $ 0
Modesto, CA 2 $ 490,000 $ 245,000 $ 0
New Bern, NC 2 $ 160,000 $ 80,000 $ 0
Norwich-New London, CT 2 $ 240,000 $ 120,000 $ 0
Ocean City, NJ 2 $ 370,000 $ 185,000 $ 0
Peoria, IL 2 $ 330,000 $ 165,000 $ 0
Rocky Mount, NC 2 $ 200,000 $ 100,000 $ 0
San Francisco-Redwood City-South San Francisco, CA 2 $ 2,380,000 $ 1,190,000 $ 0
Santa Rosa, CA 2 $ 1,860,000 $ 930,000 $ 0
Savannah, GA 2 $ 560,000 $ 280,000 $ 0
Sebastian-Vero Beach, FL 2 $ 750,000 $ 375,000 $ 0
South Bend-Mishawaka, IN-MI 2 $ 220,000 $ 110,000 $ 0
Spartanburg, SC 2 $ 240,000 $ 120,000 $ 0
Springfield, MO 2 $ 180,000 $ 90,000 $ 0
St. Joseph, MO-KS 2 $ 120,000 $ 60,000 $ 0
Tyler, TX 2 $ 820,000 $ 410,000 $ 0
Vineland-Bridgeton, NJ 2 $ 260,000 $ 130,000 $ 0
Warner Robins, GA 2 $ 980,000 $ 490,000 $ 0
Ames, IA 1 $ 1,465,000 $ 1,465,000 $ 0
Asheville, NC 1 $ 175,000 $ 175,000 $ 0
Bangor, ME 1 $ 75,000 $ 75,000 $ 0
Beckley, WV 1 $ 225,000 $ 225,000 $ 0
Bloomington, IL 1 $ 85,000 $ 85,000 $ 0
Cedar Rapids, IA 1 $ 155,000 $ 155,000 $ 0
Eau Claire, WI 1 $ 95,000 $ 95,000 $ 0
Elkhart-Goshen, IN 1 $ 85,000 $ 85,000 $ 0
Florence-Muscle Shoals, AL 1 $ 85,000 $ 85,000 $ 0
Gainesville, GA 1 $ 95,000 $ 95,000 $ 0
Greensboro-High Point, NC 1 $ 85,000 $ 85,000 $ 0
Hammond, LA 1 $ 155,000 $ 155,000 $ 0
Hickory-Lenoir-Morganton, NC 1 $ 95,000 $ 95,000 $ 0
Ithaca, NY 1 $ 75,000 $ 75,000 $ 0
Jackson, MI 1 $ 105,000 $ 105,000 $ 0
Kalamazoo-Portage, MI 1 $ 415,000 $ 415,000 $ 0
Kankakee, IL 1 $ 125,000 $ 125,000 $ 0
Kennewick-Richland, WA 1 $ 195,000 $ 195,000 $ 0
Killeen-Temple, TX 1 $ 205,000 $ 205,000 $ 0
Kingsport-Bristol-Bristol, TN-VA 1 $ 85,000 $ 85,000 $ 0
Knoxville, TN 1 $ 145,000 $ 145,000 $ 0
Lake Charles, LA 1 $ 375,000 $ 375,000 $ 0
Lake Havasu City-Kingman, AZ 1 $ 275,000 $ 275,000 $ 0
Madison, WI 1 $ 145,000 $ 145,000 $ 0
Medford, OR 1 $ 285,000 $ 285,000 $ 0
Merced, CA 1 $ 125,000 $ 125,000 $ 0
Midland, TX 1 $ 85,000 $ 85,000 $ 0
Monroe, MI 1 $ 85,000 $ 85,000 $ 0
Oklahoma City, OK 1 $ 415,000 $ 415,000 $ 0
Portland-South Portland, ME 1 $ 1,835,000 $ 1,835,000 $ 0
Rome, GA 1 $ 55,000 $ 55,000 $ 0
Spokane-Spokane Valley, WA 1 $ 145,000 $ 145,000 $ 0
Springfield, IL 1 $ 105,000 $ 105,000 $ 0
St. Cloud, MN 1 $ 175,000 $ 175,000 $ 0
Staunton-Waynesboro, VA 1 $ 105,000 $ 105,000 $ 0
Syracuse, NY 1 $ 85,000 $ 85,000 $ 0
Toledo, OH 1 $ 315,000 $ 315,000 $ 0
Waco, TX 1 $ 75,000 $ 75,000 $ 0
Walla Walla, WA 1 $ 215,000 $ 215,000 $ 0
Waterloo-Cedar Falls, IA 1 $ 65,000 $ 65,000 $ 0
Wichita Falls, TX 1 $ 105,000 $ 105,000 $ 0
Winston-Salem, NC 1 $ 85,000 $ 85,000 $ 0
Yakima, WA 1 $ 165,000 $ 165,000 $ 0
Youngstown-Warren-Boardman, OH-PA 1 $ 95,000 $ 95,000 $ 0
Yuma, AZ 1 $ 65,000 $ 65,000 $ 0

Mortgage Loan Application Detail Totals for Finance of America Commercial LLC in 2018

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 2,952 $692,790,000 $234,000 $6,235,000 $0 $0
Cash-out Refinancing 1,294 $241,500,000 $186,000 $6,505,000 $0 $0
Refinancing 1,043 $331,615,000 $317,000 $10,305,000 $0 $0
Other Purpose 160 $73,240,000 $457,000 $3,685,000 $0 $0
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 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
Not applicable 4,587 $1,169,075,000 $254,000 $10,305,000 $0 $0
Not Provided 824 $162,820,000 $197,000 $1,995,000 $0 $0
White 26 $4,700,000 $180,000 $545,000 $0 $0
Hispanic 7 $1,635,000 $233,000 $415,000 $0 $0
Black or African American 3 $525,000 $175,000 $235,000 $0 $0
Asian 1 $105,000 $105,000 $105,000 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 5,449 $1,339,145,000 $245,000 $10,305,000 $0 $0
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 3,788 $897,730,000 $236,000 $10,305,000 $0 $0
Application Withdrawn By Applicant 1,101 $313,995,000 $285,000 $2,835,000 $0 $0
Application Denied By Financial Institution 350 $74,290,000 $212,000 $6,505,000 $0 $0
File Closed For Incompleteness 151 $37,205,000 $246,000 $1,625,000 $0 $0
Application Approved But Not Accepted 59 $15,925,000 $269,000 $2,765,000 $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
Not applicable 5,099 $1,264,855,000 $248,000 $10,305,000 $0 $0
Other 223 $43,105,000 $193,000 $1,735,000 $0 $0
Collateral 62 $17,750,000 $286,000 $6,505,000 $0 $0
Credit History 41 $9,235,000 $225,000 $1,205,000 $0 $0
Credit Application Incomplete 13 $2,525,000 $194,000 $565,000 $0 $0
Debt-To-Income Ratio 8 $1,240,000 $155,000 $245,000 $0 $0
Unverifiable Information 3 $435,000 $145,000 $205,000 $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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Finance of America Commercial LLC's 2018 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 Finance of America Commercial 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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