Best Capital Funding Mortgage Lending & HMDA Data, 2019
In 2019, Best Capital Funding of Chatsworth, CA reported 2,178 mortgage applications totaling $841.8 million, up 20% from 2018. The average application was for $386,505, and applicants reported an average income of $117,657. 81% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (790), Riverside-San Bernardino-Ontario, CA (533) and Oxnard-Thousand Oaks-Ventura, CA (221) (applications in parentheses).
| Mortgage Company & Address | Best Capital Funding 21540 Plummer Street, Suite A Chatsworth, CA 91311 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 |
| Total Number of Mortgage Applications | 2,178 |
| Total Mortgage Loan Application Amount | $841,810,000 |
| Average Mortgage Loan Application Amount | $386,505 |
| Highest Mortgage Loan Application Amount | $3,705,000 |
| Average Applicant Income | $117,657 |
| Highest Applicant Income | $2,198,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Best Capital Funding filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Best Capital Funding in 2019
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 | 1,232 | $488,290,000 | $396,000 | $3,705,000 | $117,000 | $2,198,000 |
| Cash-out Refinancing | 486 | $168,640,000 | $346,000 | $1,005,000 | $115,000 | $2,198,000 |
| Refinancing | 459 | $184,775,000 | $402,000 | $1,745,000 | $122,000 | $717,000 |
| Other Purpose | 1 | $105,000 | $105,000 | $105,000 | $227,000 | $227,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 820 | $303,270,000 | $369,000 | $3,705,000 | $97,000 | $807,000 |
| White | 703 | $276,795,000 | $393,000 | $1,645,000 | $130,000 | $2,198,000 |
| Asian | 277 | $118,775,000 | $428,000 | $1,745,000 | $124,000 | $717,000 |
| Not Provided | 226 | $94,630,000 | $418,000 | $1,315,000 | $140,000 | $1,156,000 |
| Black or African American | 126 | $38,900,000 | $308,000 | $715,000 | $95,000 | $1,200,000 |
| Not applicable | 12 | $5,360,000 | $446,000 | $1,105,000 | $435,000 | $2,198,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $2,070,000 | $345,000 | $625,000 | $155,000 | $213,000 |
| American Indian or Alaskan Native | 5 | $1,275,000 | $255,000 | $355,000 | $146,000 | $244,000 |
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) | 1,404 | $565,730,000 | $402,000 | $3,705,000 | $135,000 | $2,198,000 |
| FHA-insured (Federal Housing Administration) | 706 | $249,660,000 | $353,000 | $815,000 | $88,000 | $360,000 |
| VA-guaranteed (Veterans Administration) | 68 | $26,420,000 | $388,000 | $1,105,000 | $62,000 | $204,000 |
| 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 | 1,761 | $662,505,000 | $376,000 | $1,745,000 | $112,000 | $2,198,000 |
| Application Withdrawn By Applicant | 280 | $117,940,000 | $421,000 | $1,315,000 | $148,000 | $2,198,000 |
| Application Approved But Not Accepted | 112 | $47,640,000 | $425,000 | $1,285,000 | $126,000 | $1,156,000 |
| File Closed For Incompleteness | 15 | $5,665,000 | $377,000 | $765,000 | $93,000 | $333,000 |
| Application Denied By Financial Institution | 4 | $1,460,000 | $365,000 | $535,000 | $90,000 | $123,000 |
| Preapproval Approved but not Accepted | 4 | $5,990,000 | $1,497,000 | $3,705,000 | $391,000 | $807,000 |
| Loan Purchased By The Institution | 2 | $610,000 | $305,000 | $325,000 | $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 | 2,174 | $840,350,000 | $386,000 | $3,705,000 | $117,000 | $2,198,000 |
| Credit History | 3 | $1,065,000 | $355,000 | $535,000 | $89,000 | $123,000 |
| Employment History | 1 | $395,000 | $395,000 | $395,000 | $91,000 | $91,000 |
| 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 |
| Debt-To-Income Ratio | 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 Best Capital Funding's 2019 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 Best Capital Funding'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 California, download the full spreadsheet
with aggregated HMDA statistics today.
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