Bay Equity LLC Mortgage Lending & HMDA Data, 2018
In 2018, Bay Equity LLC of Detroit, MI reported 18,451 mortgage applications totaling $5.4 billion, down 11% from 2017. The average application was for $290,896, and applicants reported an average income of $105,370. 71% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (1,447), Phoenix-Mesa-Scottsdale, AZ (1,336) and Grand Junction, CO (1,108) (applications in parentheses).
| Mortgage Company & Address | Bay Equity LLC Detroit, MI 48226 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 18,451 |
| Total Mortgage Loan Application Amount | $5,367,325,000 |
| Average Mortgage Loan Application Amount | $290,896 |
| Highest Mortgage Loan Application Amount | $4,185,000 |
| Average Applicant Income | $105,370 |
| Highest Applicant Income | $5,822,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bay Equity LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 2,709 | $ 699,325,000 | $ 258,148 | $ 98,978 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1,447 | $ 322,685,000 | $ 223,002 | $ 86,577 |
| Phoenix-Mesa-Scottsdale, AZ | 1,336 | $ 348,800,000 | $ 261,077 | $ 106,000 |
| Grand Junction, CO | 1,108 | $ 248,310,000 | $ 224,106 | $ 85,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1,019 | $ 254,945,000 | $ 250,191 | $ 103,000 |
| Chicago-Naperville-Arlington Heights, IL | 933 | $ 189,465,000 | $ 203,070 | $ 82,000 |
| San Diego-Carlsbad, CA | 757 | $ 355,955,000 | $ 470,217 | $ 151,000 |
| Tacoma-Lakewood, WA | 718 | $ 214,240,000 | $ 298,384 | $ 97,000 |
| Los Angeles-Long Beach-Glendale, CA | 656 | $ 266,240,000 | $ 405,853 | $ 121,000 |
| Seattle-Bellevue-Everett, WA | 626 | $ 259,440,000 | $ 414,440 | $ 136,000 |
| Oakland-Hayward-Berkeley, CA | 549 | $ 286,715,000 | $ 522,249 | $ 156,000 |
| Fresno, CA | 516 | $ 136,830,000 | $ 265,174 | $ 112,000 |
| Riverside-San Bernardino-Ontario, CA | 409 | $ 111,575,000 | $ 272,799 | $ 95,000 |
| St. George, UT | 389 | $ 94,705,000 | $ 243,457 | $ 87,000 |
| Denver-Aurora-Lakewood, CO | 318 | $ 112,140,000 | $ 352,641 | $ 127,000 |
| Colorado Springs, CO | 249 | $ 65,975,000 | $ 264,959 | $ 94,000 |
| Anaheim-Santa Ana-Irvine, CA | 237 | $ 134,135,000 | $ 565,970 | $ 160,000 |
| Las Vegas-Henderson-Paradise, NV | 237 | $ 59,095,000 | $ 249,345 | $ 88,000 |
| Stockton-Lodi, CA | 235 | $ 68,745,000 | $ 292,531 | $ 104,000 |
| Lake County-Kenosha County, IL-WI | 233 | $ 43,275,000 | $ 185,729 | $ 90,386 |
| Albuquerque, NM | 189 | $ 32,685,000 | $ 172,936 | $ 81,000 |
| Santa Rosa, CA | 168 | $ 72,900,000 | $ 433,928 | $ 139,000 |
| Olympia-Tumwater, WA | 127 | $ 34,255,000 | $ 269,724 | $ 87,000 |
| Knoxville, TN | 121 | $ 18,795,000 | $ 155,330 | $ 63,000 |
| Tampa-St. Petersburg-Clearwater, FL | 120 | $ 22,960,000 | $ 191,333 | $ 81,000 |
| Columbia, SC | 115 | $ 17,595,000 | $ 153,000 | $ 70,000 |
| Montgomery, AL | 111 | $ 19,125,000 | $ 172,297 | $ 82,000 |
| Salinas, CA | 109 | $ 33,985,000 | $ 311,788 | $ 100,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 105 | $ 66,275,000 | $ 631,190 | $ 193,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 102 | $ 33,760,000 | $ 330,980 | $ 129,000 |
| Mount Vernon-Anacortes, WA | 97 | $ 27,285,000 | $ 281,288 | $ 91,000 |
| Asheville, NC | 96 | $ 28,160,000 | $ 293,333 | $ 112,000 |
| Wenatchee, WA | 91 | $ 22,935,000 | $ 252,032 | $ 85,000 |
| Houston-The Woodlands-Sugar Land, TX | 84 | $ 21,000,000 | $ 250,000 | $ 134,000 |
| Elgin, IL | 77 | $ 16,665,000 | $ 216,428 | $ 104,000 |
| Charleston-North Charleston, SC | 72 | $ 13,330,000 | $ 185,138 | $ 64,000 |
| Bremerton-Silverdale, WA | 61 | $ 17,845,000 | $ 292,540 | $ 111,000 |
| Prescott, AZ | 58 | $ 14,300,000 | $ 246,551 | $ 104,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 54 | $ 19,010,000 | $ 352,037 | $ 128,000 |
| Cape Coral-Fort Myers, FL | 53 | $ 11,815,000 | $ 222,924 | $ 97,000 |
| Vallejo-Fairfield, CA | 53 | $ 17,735,000 | $ 334,622 | $ 102,000 |
| Dallas-Plano-Irving, TX | 50 | $ 17,100,000 | $ 342,000 | $ 146,000 |
| San Francisco-Redwood City-South San Francisco, CA | 49 | $ 38,775,000 | $ 791,326 | $ 265,000 |
| Santa Cruz-Watsonville, CA | 47 | $ 30,055,000 | $ 639,468 | $ 209,000 |
| Boise City, ID | 46 | $ 13,780,000 | $ 299,565 | $ 94,000 |
| Kansas City, MO-KS | 45 | $ 9,645,000 | $ 214,333 | $ 85,444 |
| Rochester, MN | 45 | $ 8,845,000 | $ 196,555 | $ 69,000 |
| Modesto, CA | 42 | $ 11,340,000 | $ 270,000 | $ 101,000 |
| Tucson, AZ | 42 | $ 7,650,000 | $ 182,142 | $ 69,000 |
| Madera, CA | 38 | $ 8,320,000 | $ 218,947 | $ 92,000 |
| Augusta-Richmond County, GA-SC | 37 | $ 6,045,000 | $ 163,378 | $ 60,351 |
| Brunswick, GA | 36 | $ 8,000,000 | $ 222,222 | $ 101,000 |
| Lansing-East Lansing, MI | 36 | $ 4,500,000 | $ 125,000 | $ 55,000 |
| San Rafael, CA | 35 | $ 23,965,000 | $ 684,714 | $ 207,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 34 | $ 16,190,000 | $ 476,176 | $ 141,000 |
| Urban Honolulu, HI | 33 | $ 19,575,000 | $ 593,181 | $ 135,000 |
| Bakersfield, CA | 32 | $ 7,020,000 | $ 219,375 | $ 98,000 |
| Spokane-Spokane Valley, WA | 30 | $ 6,680,000 | $ 222,666 | $ 104,000 |
| St. Cloud, MN | 29 | $ 4,935,000 | $ 170,172 | $ 66,000 |
| Visalia-Porterville, CA | 28 | $ 7,550,000 | $ 269,642 | $ 83,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 25 | $ 5,795,000 | $ 231,800 | $ 93,000 |
| Merced, CA | 24 | $ 6,010,000 | $ 250,416 | $ 91,000 |
| Ogden-Clearfield, UT | 24 | $ 5,480,000 | $ 228,333 | $ 75,000 |
| Austin-Round Rock, TX | 23 | $ 6,275,000 | $ 272,826 | $ 112,000 |
| Napa, CA | 22 | $ 11,980,000 | $ 544,545 | $ 175,000 |
| Provo-Orem, UT | 22 | $ 6,980,000 | $ 317,272 | $ 149,000 |
| Morristown, TN | 19 | $ 2,805,000 | $ 147,631 | $ 59,000 |
| Salt Lake City, UT | 19 | $ 5,125,000 | $ 269,736 | $ 92,000 |
| Greeley, CO | 18 | $ 5,170,000 | $ 287,222 | $ 87,000 |
| Bellingham, WA | 17 | $ 5,115,000 | $ 300,882 | $ 85,000 |
| Punta Gorda, FL | 17 | $ 3,065,000 | $ 180,294 | $ 79,000 |
| Greenville-Anderson-Mauldin, SC | 16 | $ 4,670,000 | $ 291,875 | $ 98,000 |
| Oklahoma City, OK | 16 | $ 3,310,000 | $ 206,875 | $ 143,000 |
| Flagstaff, AZ | 14 | $ 3,900,000 | $ 278,571 | $ 151,000 |
| North Port-Sarasota-Bradenton, FL | 14 | $ 4,630,000 | $ 330,714 | $ 238,000 |
| Gainesville, GA | 13 | $ 2,665,000 | $ 205,000 | $ 87,000 |
| Pueblo, CO | 13 | $ 2,465,000 | $ 189,615 | $ 67,000 |
| Warner Robins, GA | 13 | $ 1,755,000 | $ 135,000 | $ 55,000 |
| Kahului-Wailuku-Lahaina, HI | 11 | $ 5,675,000 | $ 515,909 | $ 143,000 |
| Lakeland-Winter Haven, FL | 10 | $ 1,650,000 | $ 165,000 | $ 83,000 |
| Panama City, FL | 10 | $ 2,300,000 | $ 230,000 | $ 80,000 |
| Rockford, IL | 10 | $ 1,440,000 | $ 144,000 | $ 65,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 10 | $ 4,990,000 | $ 499,000 | $ 202,000 |
| Gary, IN | 9 | $ 2,335,000 | $ 259,444 | $ 109,000 |
| Hanford-Corcoran, CA | 9 | $ 2,115,000 | $ 235,000 | $ 74,000 |
| Jacksonville, FL | 9 | $ 2,015,000 | $ 223,888 | $ 80,000 |
| Longview, WA | 9 | $ 2,195,000 | $ 243,888 | $ 64,000 |
| Orlando-Kissimmee-Sanford, FL | 9 | $ 2,005,000 | $ 222,777 | $ 73,000 |
| San Antonio-New Braunfels, TX | 9 | $ 1,975,000 | $ 219,444 | $ 95,000 |
| Kennewick-Richland, WA | 8 | $ 1,760,000 | $ 220,000 | $ 82,000 |
| Palm Bay-Melbourne-Titusville, FL | 8 | $ 1,230,000 | $ 153,750 | $ 67,000 |
| Santa Fe, NM | 8 | $ 2,000,000 | $ 250,000 | $ 78,000 |
| Duluth, MN-WI | 7 | $ 1,005,000 | $ 143,571 | $ 49,000 |
| Fort Collins, CO | 7 | $ 1,845,000 | $ 263,571 | $ 80,000 |
| Macon-Bibb County, GA | 7 | $ 825,000 | $ 117,857 | $ 65,000 |
| Port St. Lucie, FL | 7 | $ 1,135,000 | $ 162,142 | $ 47,000 |
| Salem, OR | 7 | $ 1,525,000 | $ 217,857 | $ 70,000 |
| Racine, WI | 6 | $ 890,000 | $ 148,333 | $ 92,000 |
| Yuma, AZ | 6 | $ 1,140,000 | $ 190,000 | $ 103,000 |
| Bend-Redmond, OR | 5 | $ 1,445,000 | $ 289,000 | $ 173,000 |
| Boulder, CO | 5 | $ 2,065,000 | $ 413,000 | $ 87,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 5 | $ 1,065,000 | $ 213,000 | $ 76,000 |
| Eugene, OR | 5 | $ 1,165,000 | $ 233,000 | $ 63,000 |
| Fort Worth-Arlington, TX | 5 | $ 1,065,000 | $ 213,000 | $ 120,000 |
| Mankato-North Mankato, MN | 5 | $ 1,085,000 | $ 217,000 | $ 89,000 |
| Milwaukee-Waukesha-West Allis, WI | 5 | $ 705,000 | $ 141,000 | $ 62,000 |
| Naples-Immokalee-Marco Island, FL | 5 | $ 1,635,000 | $ 327,000 | $ 325,000 |
| Reno, NV | 5 | $ 1,965,000 | $ 393,000 | $ 170,000 |
| Sierra Vista-Douglas, AZ | 5 | $ 925,000 | $ 185,000 | $ 78,000 |
| Spartanburg, SC | 5 | $ 835,000 | $ 167,000 | $ 69,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 5 | $ 1,125,000 | $ 225,000 | $ 78,000 |
| Yakima, WA | 5 | $ 1,385,000 | $ 277,000 | $ 124,000 |
| Yuba City, CA | 5 | $ 1,295,000 | $ 259,000 | $ 119,000 |
| Chattanooga, TN-GA | 4 | $ 550,000 | $ 137,500 | $ 42,250 |
| Homosassa Springs, FL | 4 | $ 340,000 | $ 85,000 | $ 50,000 |
| Jackson, MI | 4 | $ 440,000 | $ 110,000 | $ 30,000 |
| Lake Havasu City-Kingman, AZ | 4 | $ 780,000 | $ 195,000 | $ 171,000 |
| Lubbock, TX | 4 | $ 750,000 | $ 187,500 | $ 208,000 |
| Rome, GA | 4 | $ 730,000 | $ 182,500 | $ 58,000 |
| Auburn-Opelika, AL | 3 | $ 515,000 | $ 171,666 | $ 76,000 |
| Birmingham-Hoover, AL | 3 | $ 425,000 | $ 141,666 | $ 142,000 |
| Charlotte-Concord-Gastonia, NC-SC | 3 | $ 875,000 | $ 291,666 | $ 101,000 |
| Cheyenne, WY | 3 | $ 615,000 | $ 205,000 | $ 65,000 |
| Chico, CA | 3 | $ 825,000 | $ 275,000 | $ 239,000 |
| Eau Claire, WI | 3 | $ 525,000 | $ 175,000 | $ 52,000 |
| Kankakee, IL | 3 | $ 355,000 | $ 118,333 | $ 65,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 485,000 | $ 161,666 | $ 121,000 |
| Pocatello, ID | 3 | $ 465,000 | $ 155,000 | $ 107,000 |
| Raleigh, NC | 3 | $ 885,000 | $ 295,000 | $ 91,000 |
| Rapid City, SD | 3 | $ 615,000 | $ 205,000 | $ 2,020,000 |
| Santa Maria-Santa Barbara, CA | 3 | $ 3,625,000 | $ 1,208,333 | $ 579,000 |
| Tallahassee, FL | 3 | $ 715,000 | $ 238,333 | $ 184,000 |
| Albany, GA | 2 | $ 170,000 | $ 85,000 | $ 105,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 1,050,000 | $ 525,000 | $ 327,000 |
| Fargo, ND-MN | 2 | $ 540,000 | $ 270,000 | $ 155,500 |
| Grand Forks, ND-MN | 2 | $ 320,000 | $ 160,000 | $ 85,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 2 | $ 440,000 | $ 220,000 | $ 105,000 |
| Hinesville, GA | 2 | $ 140,000 | $ 70,000 | $ 53,000 |
| Idaho Falls, ID | 2 | $ 290,000 | $ 145,000 | $ 278,000 |
| Las Cruces, NM | 2 | $ 410,000 | $ 205,000 | $ 141,000 |
| Logan, UT-ID | 2 | $ 350,000 | $ 175,000 | $ 142,000 |
| Madison, WI | 2 | $ 660,000 | $ 330,000 | $ 75,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 580,000 | $ 290,000 | $ 79,000 |
| Missoula, MT | 2 | $ 650,000 | $ 325,000 | $ 104,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 2 | $ 560,000 | $ 280,000 | $ 138,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 430,000 | $ 215,000 | $ 85,000 |
| Redding, CA | 2 | $ 490,000 | $ 245,000 | $ 57,000 |
| Savannah, GA | 2 | $ 570,000 | $ 285,000 | $ 133,000 |
| Amarillo, TX | 1 | $ 85,000 | $ 85,000 | $ 68,000 |
| Athens-Clarke County, GA | 1 | $ 265,000 | $ 265,000 | $ 54,000 |
| Billings, MT | 1 | $ 85,000 | $ 85,000 | $ 45,000 |
| Bismarck, ND | 1 | $ 185,000 | $ 185,000 | $ 80,000 |
| Casper, WY | 1 | $ 325,000 | $ 325,000 | $ 143,000 |
| Cleveland, TN | 1 | $ 105,000 | $ 105,000 | $ 50,000 |
| Corpus Christi, TX | 1 | $ 185,000 | $ 185,000 | $ 123,000 |
| Corvallis, OR | 1 | $ 335,000 | $ 335,000 | $ 49,000 |
| Dalton, GA | 1 | $ 155,000 | $ 155,000 | $ 40,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 115,000 | $ 115,000 | $ 25,000 |
| Durham-Chapel Hill, NC | 1 | $ 105,000 | $ 105,000 | $ 61,000 |
| El Centro, CA | 1 | $ 165,000 | $ 165,000 | $ 68,000 |
| Farmington, NM | 1 | $ 195,000 | $ 195,000 | $ 69,000 |
| Flint, MI | 1 | $ 165,000 | $ 165,000 | $ 59,000 |
| Gainesville, FL | 1 | $ 215,000 | $ 215,000 | $ 85,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 65,000 | $ 65,000 | $ 55,000 |
| Grants Pass, OR | 1 | $ 455,000 | $ 455,000 | $ 147,000 |
| Green Bay, WI | 1 | $ 155,000 | $ 155,000 | $ 109,000 |
| Greensboro-High Point, NC | 1 | $ 55,000 | $ 55,000 | $ 217,000 |
| Janesville-Beloit, WI | 1 | $ 45,000 | $ 45,000 | $ 37,000 |
| Johnson City, TN | 1 | $ 55,000 | $ 55,000 | $ 75,000 |
| Killeen-Temple, TX | 1 | $ 115,000 | $ 115,000 | $ 52,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 55,000 | $ 55,000 | $ 65,000 |
| La Crosse-Onalaska, WI-MN | 1 | $ 285,000 | $ 285,000 | $ 82,000 |
| Laredo, TX | 1 | $ 195,000 | $ 195,000 | $ 88,000 |
| Lawrence, KS | 1 | $ 155,000 | $ 155,000 | $ 68,000 |
| Longview, TX | 1 | $ 195,000 | $ 195,000 | $ 74,000 |
| Memphis, TN-MS-AR | 1 | $ 55,000 | $ 55,000 | $ 43,000 |
| Midland, TX | 1 | $ 295,000 | $ 295,000 | $ 121,000 |
| San Angelo, TX | 1 | $ 245,000 | $ 245,000 | $ 218,000 |
| Sebastian-Vero Beach, FL | 1 | $ 255,000 | $ 255,000 | $ 120,000 |
| Sheboygan, WI | 1 | $ 95,000 | $ 95,000 | $ 331,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 145,000 | $ 145,000 | $ 66,000 |
| Springfield, MO | 1 | $ 155,000 | $ 155,000 | $ 34,000 |
| St. Louis, MO-IL | 1 | $ 125,000 | $ 125,000 | $ 85,000 |
| Sumter, SC | 1 | $ 135,000 | $ 135,000 | $ 109,000 |
| The Villages, FL | 1 | $ 95,000 | $ 95,000 | $ 59,000 |
| Topeka, KS | 1 | $ 95,000 | $ 95,000 | $ 28,000 |
| Waco, TX | 1 | $ 55,000 | $ 55,000 | $ 78,000 |
| Walla Walla, WA | 1 | $ 295,000 | $ 295,000 | $ 122,000 |
Mortgage Loan Application Detail Totals for Bay Equity 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 | 14,409 | $4,032,515,000 | $279,000 | $2,875,000 | $102,000 | $4,320,000 |
| Cash-out Refinancing | 2,678 | $862,670,000 | $322,000 | $2,725,000 | $113,000 | $5,822,000 |
| Refinancing | 1,364 | $472,140,000 | $346,000 | $4,185,000 | $126,000 | $2,254,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 11,275 | $3,232,455,000 | $286,000 | $4,185,000 | $108,000 | $2,254,000 |
| Hispanic | 2,963 | $793,065,000 | $267,000 | $1,885,000 | $82,000 | $3,195,000 |
| Not Provided | 2,225 | $753,355,000 | $338,000 | $2,875,000 | $127,000 | $5,822,000 |
| Black or African American | 1,034 | $248,700,000 | $240,000 | $2,005,000 | $87,000 | $1,401,000 |
| Asian | 732 | $273,910,000 | $374,000 | $2,725,000 | $123,000 | $1,200,000 |
| American Indian or Alaskan Native | 128 | $33,010,000 | $257,000 | $975,000 | $103,000 | $753,000 |
| Native Hawaiian or Other Pacific Islander | 57 | $19,235,000 | $337,000 | $1,085,000 | $102,000 | $222,000 |
| 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) | 12,113 | $3,723,995,000 | $307,000 | $4,185,000 | $120,000 | $4,320,000 |
| FHA-insured (Federal Housing Administration) | 4,517 | $1,112,825,000 | $246,000 | $955,000 | $74,000 | $649,000 |
| VA-guaranteed (Veterans Administration) | 1,393 | $450,025,000 | $323,000 | $1,305,000 | $96,000 | $5,822,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 428 | $80,480,000 | $188,000 | $605,000 | $58,000 | $129,000 |
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 | 13,109 | $3,710,555,000 | $283,000 | $2,875,000 | $104,000 | $3,195,000 |
| Application Withdrawn By Applicant | 2,129 | $642,675,000 | $301,000 | $4,185,000 | $112,000 | $1,868,000 |
| File Closed For Incompleteness | 1,890 | $588,850,000 | $311,000 | $2,505,000 | $115,000 | $5,822,000 |
| Application Denied By Financial Institution | 920 | $273,060,000 | $296,000 | $1,685,000 | $101,000 | $1,186,000 |
| Preapproval Approved but not Accepted | 175 | $80,935,000 | $462,000 | $1,725,000 | $124,000 | $493,000 |
| Application Approved But Not Accepted | 116 | $34,910,000 | $300,000 | $935,000 | $93,000 | $355,000 |
| Preapproval Denied by Financial Institution | 112 | $36,340,000 | $324,000 | $1,145,000 | $84,000 | $415,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 17,419 | $5,057,925,000 | $290,000 | $4,185,000 | $106,000 | $5,822,000 |
| Credit Application Incomplete | 236 | $71,330,000 | $302,000 | $1,265,000 | $99,000 | $558,000 |
| Collateral | 217 | $61,585,000 | $283,000 | $1,245,000 | $106,000 | $559,000 |
| Debt-To-Income Ratio | 210 | $70,020,000 | $333,000 | $1,575,000 | $87,000 | $753,000 |
| Credit History | 129 | $34,625,000 | $268,000 | $925,000 | $106,000 | $1,186,000 |
| Unverifiable Information | 90 | $26,930,000 | $299,000 | $1,545,000 | $111,000 | $626,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 88 | $30,180,000 | $342,000 | $1,685,000 | $106,000 | $782,000 |
| Employment History | 40 | $8,980,000 | $224,000 | $535,000 | $69,000 | $174,000 |
| Other | 21 | $5,505,000 | $262,000 | $665,000 | $93,000 | $189,000 |
| Mortgage Insurance Denied | 1 | $245,000 | $245,000 | $245,000 | $89,000 | $89,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bay Equity 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 Bay Equity 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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