Bank of Florida - Southeast Mortgage Lending & HMDA Data, 2009
In 2009, Bank of Florida - Southeast of Ft Lauderdale, FL reported 11 mortgage applications totaling $7.2 million, up 83% from 2008. The average application was for $652,909, and applicants reported an average income of $254,545. 55% of its applications resulted in an originated loan and 9% were denied. Its largest markets were West Palm Beach-Boca Raton-Boynton Beach, FL (5), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (4) and Miami-Miami Beach-Kendall, FL (2) (applications in parentheses).
| Mortgage Company & Address | Bank of Florida - Southeast 200 Sw First Ave Ste 1700 Ft Lauderdale, FL 33301 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 11 |
| Total Mortgage Loan Application Amount | $7,182,000 |
| Average Mortgage Loan Application Amount | $652,909 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $254,545 |
| Highest Applicant Income | $1,189,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of Florida - Southeast filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| West Palm Beach-Boca Raton-Boynton Beach, FL | 5 | $ 4,352,000 | $ 870,400 | $ 402,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 2,475,000 | $ 618,750 | $ 199,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 355,000 | $ 177,500 | $ 0 |
Mortgage Loan Application Detail Totals for Bank of Florida - Southeast in 2009
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 | 10 | $6,782,000 | $678,000 | $2,500,000 | $280,000 | $1,189,000 |
| Refinancing | 1 | $400,000 | $400,000 | $400,000 | $0 | $0 |
| 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 | 8 | $4,880,000 | $610,000 | $2,500,000 | $351,000 | $1,189,000 |
| Not applicable | 3 | $2,302,000 | $767,000 | $1,688,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 11 | $7,182,000 | $652,000 | $2,500,000 | $255,000 | $1,189,000 |
| 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 | 6 | $2,566,000 | $427,000 | $1,688,000 | $245,000 | $1,189,000 |
| Application Withdrawn By Applicant | 3 | $4,150,000 | $1,383,000 | $2,500,000 | $432,000 | $727,000 |
| Application Denied By Financial Institution | 1 | $325,000 | $325,000 | $325,000 | $41,000 | $41,000 |
| Loan Purchased By The Institution | 1 | $141,000 | $141,000 | $141,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 1 | $325,000 | $325,000 | $325,000 | $41,000 | $41,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of Florida - Southeast's 2009 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 Bank of Florida - Southeast'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 Florida, download the full spreadsheet
with aggregated HMDA statistics today.
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