Best Finance Capital, Inc. Mortgage Lending & HMDA Data, 2023
In 2023, Best Finance Capital, Inc. of Garden Grove, CA reported 194 mortgage applications totaling $99.6 million, down 57% from 2022. The average application was for $513,453, and applicants reported an average income of $198,994. 56% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Anaheim-Santa Ana-Irvine, CA (38), Los Angeles-Long Beach-Glendale, CA (30) and Riverside-San Bernardino-Ontario, CA (29) (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 | 194 |
| Total Mortgage Loan Application Amount | $99,610,000 |
| Average Mortgage Loan Application Amount | $513,453 |
| Highest Mortgage Loan Application Amount | $2,105,000 |
| Average Applicant Income | $198,994 |
| Highest Applicant Income | $2,654,000 |
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records Best Finance Capital, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Anaheim-Santa Ana-Irvine, CA | 38 | $ 30,550,000 | $ 803,947 | $ 360,000 |
| Los Angeles-Long Beach-Glendale, CA | 30 | $ 17,860,000 | $ 595,333 | $ 186,000 |
| Riverside-San Bernardino-Ontario, CA | 29 | $ 11,905,000 | $ 410,517 | $ 169,000 |
| Las Vegas-Henderson-Paradise, NV | 22 | $ 8,910,000 | $ 405,000 | $ 122,000 |
| Phoenix-Mesa-Scottsdale, AZ | 11 | $ 4,125,000 | $ 375,000 | $ 146,000 |
| Memphis, TN-MS-AR | 9 | $ 2,485,000 | $ 276,111 | $ 138,000 |
| San Diego-Carlsbad, CA | 6 | $ 3,270,000 | $ 545,000 | $ 186,000 |
| Houston-The Woodlands-Sugar Land, TX | 4 | $ 1,280,000 | $ 320,000 | $ 172,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 1,085,000 | $ 361,666 | $ 103,000 |
| Fresno, CA | 3 | $ 1,445,000 | $ 481,666 | $ 106,000 |
| Outside any metro area | 3 | $ 905,000 | $ 301,666 | $ 103,666 |
| Oakland-Hayward-Berkeley, CA | 3 | $ 1,685,000 | $ 561,666 | $ 138,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 3 | $ 1,095,000 | $ 365,000 | $ 163,000 |
| San Francisco-Redwood City-South San Francisco, CA | 3 | $ 2,515,000 | $ 838,333 | $ 237,000 |
| Austin-Round Rock, TX | 2 | $ 810,000 | $ 405,000 | $ 303,000 |
| Fort Worth-Arlington, TX | 2 | $ 630,000 | $ 315,000 | $ 262,000 |
| Lakeland-Winter Haven, FL | 2 | $ 550,000 | $ 275,000 | $ 149,000 |
| McAllen-Edinburg-Mission, TX | 2 | $ 750,000 | $ 375,000 | $ 345,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 730,000 | $ 365,000 | $ 98,000 |
| Yuba City, CA | 2 | $ 680,000 | $ 340,000 | $ 120,000 |
| Bakersfield, CA | 1 | $ 265,000 | $ 265,000 | $ 81,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 255,000 | $ 255,000 | $ 161,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 175,000 | $ 175,000 | $ 63,000 |
| El Centro, CA | 1 | $ 305,000 | $ 305,000 | $ 180,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 215,000 | $ 215,000 | $ 65,000 |
| Homosassa Springs, FL | 1 | $ 275,000 | $ 275,000 | $ 64,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 305,000 | $ 305,000 | $ 65,000 |
| Longview, WA | 1 | $ 1,525,000 | $ 1,525,000 | $ 510,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 325,000 | $ 325,000 | $ 74,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 365,000 | $ 365,000 | $ 142,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 255,000 | $ 255,000 | $ 65,000 |
| Reno, NV | 1 | $ 475,000 | $ 475,000 | $ 153,000 |
| San Antonio-New Braunfels, TX | 1 | $ 315,000 | $ 315,000 | $ 82,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 1,085,000 | $ 1,085,000 | $ 259,000 |
| Tucson, AZ | 1 | $ 205,000 | $ 205,000 | $ 62,000 |
Mortgage Loan Application Detail Totals for Best Finance Capital, Inc. in 2023
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 | 134 | $76,670,000 | $572,000 | $1,685,000 | $200,000 | $1,239,000 |
| Cash-out Refinancing | 33 | $13,695,000 | $415,000 | $1,005,000 | $141,000 | $600,000 |
| Refinancing | 26 | $9,150,000 | $351,000 | $2,105,000 | $273,000 | $2,654,000 |
| Home Improvement | 1 | $95,000 | $95,000 | $95,000 | $54,000 | $54,000 |
| 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 | 74 | $42,860,000 | $579,000 | $2,105,000 | $267,000 | $2,654,000 |
| Hispanic | 56 | $25,500,000 | $455,000 | $1,075,000 | $140,000 | $357,000 |
| White | 50 | $26,800,000 | $536,000 | $1,685,000 | $184,000 | $650,000 |
| Black or African American | 11 | $3,205,000 | $291,000 | $405,000 | $124,000 | $260,000 |
| Not Provided | 2 | $690,000 | $345,000 | $355,000 | $141,000 | $167,000 |
| American Indian or Alaskan Native | 1 | $555,000 | $555,000 | $555,000 | $198,000 | $198,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 146 | $79,290,000 | $543,000 | $2,105,000 | $226,000 | $2,654,000 |
| FHA-insured (Federal Housing Administration) | 43 | $18,435,000 | $428,000 | $1,075,000 | $112,000 | $279,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,885,000 | $377,000 | $525,000 | $153,000 | $249,000 |
| 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 | 108 | $54,150,000 | $501,000 | $2,105,000 | $206,000 | $2,654,000 |
| Application Withdrawn By Applicant | 79 | $41,575,000 | $526,000 | $1,525,000 | $187,000 | $674,000 |
| Application Denied By Financial Institution | 7 | $3,885,000 | $555,000 | $1,685,000 | $219,000 | $650,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 187 | $95,725,000 | $511,000 | $2,105,000 | $198,000 | $2,654,000 |
| Unverifiable Information | 3 | $1,305,000 | $435,000 | $635,000 | $202,000 | $357,000 |
| Credit History | 2 | $540,000 | $270,000 | $365,000 | $69,000 | $75,000 |
| Other | 1 | $355,000 | $355,000 | $355,000 | $139,000 | $139,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $1,685,000 | $1,685,000 | $1,685,000 | $650,000 | $650,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 Finance Capital, Inc.'s 2023 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.
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