Best Finance Capital, Inc. Mortgage Lending & HMDA Data, 2020
In 2020, Best Finance Capital, Inc. of Garden Grove, CA reported 1,039 mortgage applications totaling $372.5 million, up 309% from 2019. The average application was for $358,541, and applicants reported an average income of $126,329. 61% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Anaheim-Santa Ana-Irvine, CA (417), Los Angeles-Long Beach-Glendale, CA (195) and Riverside-San Bernardino-Ontario, CA (142) (applications in parentheses).
| Mortgage Company & Address | Best Finance Capital, Inc. 12966 S Euclid St Garden Grove, CA 92840 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 |
| Total Number of Mortgage Applications | 1,039 |
| Total Mortgage Loan Application Amount | $372,525,000 |
| Average Mortgage Loan Application Amount | $358,541 |
| Highest Mortgage Loan Application Amount | $1,325,000 |
| Average Applicant Income | $126,329 |
| Highest Applicant Income | $1,200,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Best Finance Capital, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Orange, California | 417 | $ 161,735,000 | $ 387,853 | $ 133,000 |
| Los Angeles, California | 195 | $ 76,855,000 | $ 394,128 | $ 129,000 |
| Riverside, California | 78 | $ 25,040,000 | $ 321,025 | $ 97,000 |
| Clark, Nevada | 70 | $ 18,500,000 | $ 264,285 | $ 100,000 |
| San Bernardino, California | 64 | $ 18,310,000 | $ 286,093 | $ 158,000 |
| Santa Clara, California | 37 | $ 14,955,000 | $ 404,189 | $ 123,000 |
| San Diego, California | 23 | $ 9,045,000 | $ 393,260 | $ 163,000 |
| Sacramento, California | 13 | $ 3,575,000 | $ 275,000 | $ 93,000 |
| Alameda, California | 11 | $ 3,955,000 | $ 359,545 | $ 123,000 |
| Fort Bend, Texas | 7 | $ 1,835,000 | $ 262,142 | $ 131,000 |
| Harris, Texas | 7 | $ 2,355,000 | $ 336,428 | $ 124,000 |
| Contra Costa, California | 5 | $ 2,575,000 | $ 515,000 | $ 155,000 |
| Kern, California | 5 | $ 1,285,000 | $ 257,000 | $ 111,000 |
| Multnomah, Oregon | 5 | $ 1,525,000 | $ 305,000 | $ 111,000 |
| King, Washington | 5 | $ 2,425,000 | $ 485,000 | $ 107,000 |
| Placer, California | 4 | $ 1,210,000 | $ 302,500 | $ 117,000 |
| San Joaquin, California | 4 | $ 1,460,000 | $ 365,000 | $ 155,000 |
| Ventura, California | 4 | $ 1,630,000 | $ 407,500 | $ 95,000 |
| Miami-Dade, Florida | 4 | $ 550,000 | $ 137,500 | $ 56,000 |
| Snohomish, Washington | 4 | $ 1,240,000 | $ 310,000 | $ 97,000 |
| Orange, Florida | 3 | $ 835,000 | $ 278,333 | $ 127,000 |
| Storey, Nevada | 3 | $ 1,065,000 | $ 355,000 | $ 61,000 |
| Washoe, Nevada | 3 | $ 875,000 | $ 291,666 | $ 111,000 |
| Burlington, New Jersey | 3 | $ 955,000 | $ 318,333 | $ 178,000 |
| Mercer, New Jersey | 3 | $ 595,000 | $ 198,333 | $ 177,000 |
| Washington, Oregon | 3 | $ 1,095,000 | $ 365,000 | $ 143,000 |
| El Dorado, California | 2 | $ 970,000 | $ 485,000 | $ 83,000 |
| Fresno, California | 2 | $ 480,000 | $ 240,000 | $ 70,000 |
| Marin, California | 2 | $ 680,000 | $ 340,000 | $ 135,000 |
| San Luis Obispo, California | 2 | $ 760,000 | $ 380,000 | $ 83,000 |
| San Mateo, California | 2 | $ 790,000 | $ 395,000 | $ 244,000 |
| Santa Barbara, California | 2 | $ 700,000 | $ 350,000 | $ 97,000 |
| Volusia, Florida | 2 | $ 370,000 | $ 185,000 | $ 95,000 |
| Bergen, New Jersey | 2 | $ 610,000 | $ 305,000 | $ 100,000 |
| Essex, New Jersey | 2 | $ 870,000 | $ 435,000 | $ 89,000 |
| Hudson, New Jersey | 2 | $ 910,000 | $ 455,000 | $ 96,000 |
| Llano, Texas | 2 | $ 650,000 | $ 325,000 | $ 175,000 |
| Clark, Washington | 2 | $ 450,000 | $ 225,000 | $ 71,000 |
| Pierce, Washington | 2 | $ 410,000 | $ 205,000 | $ 55,000 |
| Whatcom, Washington | 2 | $ 330,000 | $ 165,000 | $ 133,000 |
| Maricopa, Arizona | 1 | $ 215,000 | $ 215,000 | $ 250,000 |
| Humboldt, California | 1 | $ 155,000 | $ 155,000 | $ 67,000 |
| Imperial, California | 1 | $ 205,000 | $ 205,000 | $ 120,000 |
| Merced, California | 1 | $ 335,000 | $ 335,000 | $ 145,000 |
| Sonoma, California | 1 | $ 505,000 | $ 505,000 | $ 118,000 |
| Stanislaus, California | 1 | $ 135,000 | $ 135,000 | $ 158,000 |
| Tehama, California | 1 | $ 255,000 | $ 255,000 | $ 64,000 |
| Yolo, California | 1 | $ 465,000 | $ 465,000 | $ 200,000 |
| El Paso, Colorado | 1 | $ 305,000 | $ 305,000 | $ 45,000 |
| Broward, Florida | 1 | $ 315,000 | $ 315,000 | $ 71,000 |
| Lake, Florida | 1 | $ 245,000 | $ 245,000 | $ 73,000 |
| Lee, Florida | 1 | $ 225,000 | $ 225,000 | $ 134,000 |
| Leon, Florida | 1 | $ 95,000 | $ 95,000 | $ 216,000 |
| Palm Beach, Florida | 1 | $ 395,000 | $ 395,000 | $ 162,000 |
| Muskegon, Michigan | 1 | $ 265,000 | $ 265,000 | $ 58,000 |
| Wayne, Michigan | 1 | $ 155,000 | $ 155,000 | $ 66,000 |
| Churchill, Nevada | 1 | $ 235,000 | $ 235,000 | $ 177,000 |
| Camden, New Jersey | 1 | $ 315,000 | $ 315,000 | $ 236,000 |
| Cumberland, New Jersey | 1 | $ 115,000 | $ 115,000 | $ 88,000 |
| Clackamas, Oregon | 1 | $ 385,000 | $ 385,000 | $ 147,000 |
| Lane, Oregon | 1 | $ 315,000 | $ 315,000 | $ 75,000 |
| Bell, Texas | 1 | $ 125,000 | $ 125,000 | $ 62,000 |
| Collin, Texas | 1 | $ 325,000 | $ 325,000 | $ 99,000 |
| Dallas, Texas | 1 | $ 215,000 | $ 215,000 | $ 85,000 |
| Galveston, Texas | 1 | $ 165,000 | $ 165,000 | $ 75,000 |
| Montgomery, Texas | 1 | $ 225,000 | $ 225,000 | $ 173,000 |
| Tarrant, Texas | 1 | $ 155,000 | $ 155,000 | $ 50,000 |
| Clallam, Washington | 1 | $ 325,000 | $ 325,000 | $ 54,000 |
| Island, Washington | 1 | $ 495,000 | $ 495,000 | $ 131,000 |
| Mason, Washington | 1 | $ 175,000 | $ 175,000 | $ 101,000 |
| Thurston, Washington | 1 | $ 225,000 | $ 225,000 | $ 92,000 |
Mortgage Loan Application Detail Totals for Best Finance Capital, Inc. in 2020
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 |
|---|---|---|---|---|---|---|
| Refinancing | 746 | $258,560,000 | $346,000 | $765,000 | $127,000 | $1,200,000 |
| Cash-out Refinancing | 156 | $59,960,000 | $384,000 | $1,325,000 | $118,000 | $647,000 |
| Home Purchase | 136 | $53,790,000 | $395,000 | $765,000 | $132,000 | $927,000 |
| Home Improvement | 1 | $215,000 | $215,000 | $215,000 | $154,000 | $154,000 |
| 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 |
|---|---|---|---|---|---|---|
| Asian | 596 | $220,050,000 | $369,000 | $765,000 | $129,000 | $1,088,000 |
| Hispanic | 229 | $79,105,000 | $345,000 | $765,000 | $107,000 | $927,000 |
| White | 159 | $54,805,000 | $344,000 | $1,325,000 | $146,000 | $1,200,000 |
| Black or African American | 31 | $10,205,000 | $329,000 | $575,000 | $107,000 | $226,000 |
| Not Provided | 12 | $4,210,000 | $350,000 | $565,000 | $84,000 | $248,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $2,695,000 | $385,000 | $475,000 | $269,000 | $667,000 |
| American Indian or Alaskan Native | 3 | $835,000 | $278,000 | $345,000 | $123,000 | $196,000 |
| 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) | 944 | $338,710,000 | $358,000 | $1,325,000 | $132,000 | $1,200,000 |
| FHA-insured (Federal Housing Administration) | 79 | $27,985,000 | $354,000 | $645,000 | $79,000 | $236,000 |
| VA-guaranteed (Veterans Administration) | 16 | $5,830,000 | $364,000 | $675,000 | $41,000 | $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 | 635 | $226,465,000 | $356,000 | $765,000 | $125,000 | $1,088,000 |
| Application Withdrawn By Applicant | 364 | $132,580,000 | $364,000 | $1,325,000 | $136,000 | $1,200,000 |
| Application Denied By Financial Institution | 35 | $12,325,000 | $352,000 | $665,000 | $72,000 | $236,000 |
| File Closed For Incompleteness | 4 | $840,000 | $210,000 | $285,000 | $52,000 | $90,000 |
| Application Approved But Not Accepted | 1 | $315,000 | $315,000 | $315,000 | $64,000 | $64,000 |
| 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 | 1,004 | $360,200,000 | $358,000 | $1,325,000 | $129,000 | $1,200,000 |
| Other | 9 | $2,715,000 | $301,000 | $485,000 | $67,000 | $236,000 |
| Debt-To-Income Ratio | 9 | $3,605,000 | $400,000 | $665,000 | $75,000 | $188,000 |
| Unverifiable Information | 7 | $2,425,000 | $346,000 | $645,000 | $57,000 | $130,000 |
| Collateral | 4 | $990,000 | $247,000 | $475,000 | $79,000 | $108,000 |
| Employment History | 2 | $920,000 | $460,000 | $475,000 | $50,000 | $67,000 |
| Credit History | 2 | $790,000 | $395,000 | $445,000 | $129,000 | $137,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $615,000 | $615,000 | $615,000 | $61,000 | $61,000 |
| Credit Application Incomplete | 1 | $265,000 | $265,000 | $265,000 | $96,000 | $96,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Best Finance Capital, Inc.'s 2020 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 Finance Capital, 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 California, download the full spreadsheet
with aggregated HMDA statistics today.
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