Bridgeview Mortgage Corp. Mortgage Lending & HMDA Data, 2024

In 2024, Bridgeview Mortgage Corp. of Franklin Square, NY reported 11 mortgage applications totaling $5.7 million, down 67% from 2023. The average application was for $519,545, and applicants reported an average income of $147,818. 36% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Nassau County-Suffolk County, NY (5), New York-Jersey City-White Plains, NY-NJ (4) and Binghamton, NY (1) (applications in parentheses).

Mortgage Company & Address Bridgeview Mortgage Corp.
1200 Hempstead Turnpike
Franklin Square, NY 11010
Tel #: available with data download
Federal Regulator * available with data download
Years 2024  2023  2022  2021  2020  2019  2018  2017  2016  
Total Number of Mortgage Applications 11
Total Mortgage Loan Application Amount $5,715,000
Average Mortgage Loan Application Amount $519,545
Highest Mortgage Loan Application Amount $925,000
Average Applicant Income $147,818
Highest Applicant Income $260,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bridgeview Mortgage Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Bridgeview Mortgage Corp. in 2024

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 10 $5,230,000 $523,000 $925,000 $139,000 $260,000
Refinancing 1 $485,000 $485,000 $485,000 $236,000 $236,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0
Cash-out Refinancing 0 $0 $0 $0 $0 $0
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
Black or African American 3 $1,565,000 $521,000 $675,000 $132,000 $161,000
Hispanic 3 $1,975,000 $658,000 $855,000 $246,000 $260,000
White 3 $1,635,000 $545,000 $925,000 $120,000 $203,000
Asian 2 $540,000 $270,000 $325,000 $68,000 $77,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 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) 10 $5,040,000 $504,000 $925,000 $147,000 $260,000
FHA-insured (Federal Housing Administration) 1 $675,000 $675,000 $675,000 $161,000 $161,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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 4 $2,950,000 $737,000 $925,000 $195,000 $260,000
Preapproval Approved but not Accepted 3 $1,125,000 $375,000 $405,000 $75,000 $80,000
Application Withdrawn By Applicant 2 $520,000 $260,000 $305,000 $74,000 $88,000
Application Approved But Not Accepted 1 $485,000 $485,000 $485,000 $236,000 $236,000
Application Denied By Financial Institution 1 $635,000 $635,000 $635,000 $242,000 $242,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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
Not applicable 10 $5,080,000 $508,000 $925,000 $139,000 $260,000
Other 1 $635,000 $635,000 $635,000 $242,000 $242,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Bridgeview Mortgage Corp.'s 2024 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 Bridgeview Mortgage Corp.'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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