Benchmark Lending Inc Mortgage Lending & HMDA Data, 2006
In 2006, Benchmark Lending Inc of Plant City, FL reported 963 mortgage applications totaling $110.6 million, up 165% from 2005. The average application was for $114,816, and applicants reported an average income of $47,137. 42% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Tallahassee, FL (194), Panama City-Lynn Haven, FL (164) and Orlando-Kissimmee, FL (144) (applications in parentheses).
| Mortgage Company & Address | Benchmark Lending Inc 105 S Wheeler, Ste 200 Plant City, FL 33563 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 963 |
| Total Mortgage Loan Application Amount | $110,568,000 |
| Average Mortgage Loan Application Amount | $114,816 |
| Highest Mortgage Loan Application Amount | $286,000 |
| Average Applicant Income | $47,137 |
| Highest Applicant Income | $144,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Benchmark Lending Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Tallahassee, FL | 194 | $ 20,898,000 | $ 107,721 | $ 44,000 |
| Panama City-Lynn Haven, FL | 164 | $ 18,686,000 | $ 113,939 | $ 45,000 |
| Orlando-Kissimmee, FL | 144 | $ 20,115,000 | $ 139,687 | $ 51,000 |
| Tampa-St. Petersburg-Clearwater, FL | 55 | $ 6,560,000 | $ 119,272 | $ 48,000 |
| Lakeland, FL | 38 | $ 4,491,000 | $ 118,184 | $ 50,000 |
| Jacksonville, FL | 20 | $ 2,357,000 | $ 117,850 | $ 56,000 |
| Palm Bay-Melbourne-Titusville, FL | 7 | $ 806,000 | $ 115,142 | $ 39,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 6 | $ 796,000 | $ 132,666 | $ 51,000 |
| Cape Coral-Fort Myers, FL | 4 | $ 657,000 | $ 164,250 | $ 73,000 |
| Ocala, FL | 4 | $ 478,000 | $ 119,500 | $ 60,000 |
| Pensacola-Ferry Pass-Brent, FL | 4 | $ 382,000 | $ 95,500 | $ 40,000 |
| Punta Gorda, FL | 4 | $ 447,000 | $ 111,750 | $ 44,000 |
| Fort Walton Beach-Crestview-Destin, FL | 3 | $ 249,000 | $ 83,000 | $ 28,000 |
| Gainesville, FL | 3 | $ 377,000 | $ 125,666 | $ 42,000 |
| Sarasota-Bradenton-Venice, FL | 3 | $ 485,000 | $ 161,666 | $ 58,000 |
| Naples-Marco Island, FL | 1 | $ 82,000 | $ 82,000 | $ 60,000 |
| Port St. Lucie-Fort Pierce, FL | 1 | $ 67,000 | $ 67,000 | $ 22,000 |
Mortgage Loan Application Detail Totals for Benchmark Lending Inc in 2006
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 | 941 | $107,985,000 | $114,000 | $286,000 | $47,000 | $144,000 |
| Refinancing | 22 | $2,583,000 | $117,000 | $245,000 | $53,000 | $135,000 |
| 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 | 424 | $49,154,000 | $115,000 | $286,000 | $48,000 | $135,000 |
| Not Provided | 422 | $48,027,000 | $113,000 | $248,000 | $46,000 | $144,000 |
| Black or African American | 74 | $7,821,000 | $105,000 | $159,000 | $44,000 | $133,000 |
| Hispanic | 37 | $4,850,000 | $131,000 | $262,000 | $42,000 | $78,000 |
| Asian | 3 | $323,000 | $107,000 | $117,000 | $52,000 | $73,000 |
| American Indian or Alaskan Native | 2 | $281,000 | $140,000 | $195,000 | $55,000 | $78,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $112,000 | $112,000 | $112,000 | $39,000 | $39,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 902 | $102,488,000 | $113,000 | $245,000 | $47,000 | $144,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 52 | $6,725,000 | $129,000 | $286,000 | $48,000 | $135,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,234,000 | $154,000 | $248,000 | $51,000 | $84,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $121,000 | $121,000 | $121,000 | $40,000 | $40,000 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 485 | $55,666,000 | $114,000 | $248,000 | $46,000 | $144,000 |
| Loan Originated | 408 | $47,374,000 | $116,000 | $286,000 | $49,000 | $135,000 |
| Application Denied By Financial Institution | 64 | $6,937,000 | $108,000 | $203,000 | $43,000 | $110,000 |
| File Closed For Incompleteness | 4 | $390,000 | $97,000 | $104,000 | $37,000 | $44,000 |
| Application Approved But Not Accepted | 1 | $68,000 | $68,000 | $68,000 | $34,000 | $34,000 |
| Preapproval Approved but not Accepted | 1 | $133,000 | $133,000 | $133,000 | $49,000 | $49,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 13 | $1,281,000 | $98,000 | $154,000 | $39,000 | $78,000 |
| Debt-To-Income Ratio | 12 | $1,320,000 | $110,000 | $203,000 | $44,000 | $110,000 |
| Unverifiable Information | 7 | $827,000 | $118,000 | $177,000 | $45,000 | $70,000 |
| Other | 6 | $557,000 | $92,000 | $168,000 | $31,000 | $59,000 |
| Employment History | 5 | $540,000 | $108,000 | $163,000 | $33,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $350,000 | $116,000 | $148,000 | $38,000 | $54,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Benchmark Lending Inc's 2006 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 Benchmark Lending Inc'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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About