Broadview Mortgage Company Mortgage Lending & HMDA Data, 2006

In 2006, Broadview Mortgage Company of Worthington, OH reported 3,129 mortgage applications totaling $374.8 million, up 2% from 2005. The average application was for $119,794, and applicants reported an average income of $49,185. 49% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Columbus, OH (936), Lexington-Fayette, KY (205) and Cincinnati-Middletown, OH-KY-IN (162) (applications in parentheses).

Mortgage Company & Address Broadview Mortgage Company
95 East Wilson Bridge Rd
Worthington, OH 43085
Tel #: available with data download
Federal Regulator * available with data download
Years 2006  2005  2004  2003  
Total Number of Mortgage Applications 3,129
Total Mortgage Loan Application Amount $374,836,000
Average Mortgage Loan Application Amount $119,794
Highest Mortgage Loan Application Amount $728,000
Average Applicant Income $49,185
Highest Applicant Income $700,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Broadview Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Broadview Mortgage Company by Metropolitan Area in 2006

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Columbus, OH 936 $ 121,515,000 $ 129,823 $ 54,000
Lexington-Fayette, KY 205 $ 28,048,000 $ 136,819 $ 54,000
Cincinnati-Middletown, OH-KY-IN 162 $ 18,318,000 $ 113,074 $ 44,314
Harrisburg-Carlisle, PA 131 $ 18,615,000 $ 142,099 $ 58,000
Mansfield, OH 52 $ 4,447,000 $ 85,519 $ 38,000
Akron, OH 38 $ 4,527,000 $ 119,131 $ 60,000
York-Hanover, PA 24 $ 4,188,000 $ 174,500 $ 63,000
Cleveland-Elyria-Mentor, OH 23 $ 2,703,000 $ 117,521 $ 47,000
Toledo, OH 10 $ 1,063,000 $ 106,300 $ 56,000
Dayton, OH 7 $ 760,000 $ 108,571 $ 48,000
Lebanon, PA 6 $ 1,115,000 $ 185,833 $ 84,000
Canton-Massillon, OH 5 $ 547,000 $ 109,400 $ 42,000
Lancaster, PA 3 $ 641,000 $ 213,666 $ 140,000
Louisville-Jefferson County, KY-IN 3 $ 336,000 $ 112,000 $ 54,000
Fairbanks, AK 2 $ 534,000 $ 267,000 $ 180,000
Lawton, OK 2 $ 122,000 $ 61,000 $ 30,000
Lima, OH 1 $ 137,000 $ 137,000 $ 67,000
Monroe, MI 1 $ 105,000 $ 105,000 $ 47,000
Ocala, FL 1 $ 124,000 $ 124,000 $ 24,000
Parkersburg-Marietta-Vienna, WV-OH 1 $ 65,000 $ 65,000 $ 46,000
Philadelphia, PA 1 $ 212,000 $ 212,000 $ 44,000
Reading, PA 1 $ 125,000 $ 125,000 $ 65,000
Sandusky, OH 1 $ 114,000 $ 114,000 $ 41,000
Springfield, OH 1 $ 52,000 $ 52,000 $ 30,000
Warren-Troy-Farmington Hills, MI 1 $ 146,000 $ 146,000 $ 75,000
West Palm Beach-Boca Raton-Boynton Beach, FL 1 $ 70,000 $ 70,000 $ 66,000
Youngstown-Warren-Boardman, OH-PA 1 $ 147,000 $ 147,000 $ 89,000

Mortgage Loan Application Detail Totals for Broadview Mortgage Company 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 2,717 $318,610,000 $117,000 $650,000 $48,000 $455,000
Refinancing 412 $56,226,000 $136,000 $728,000 $57,000 $700,000
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 2,530 $303,133,000 $119,000 $728,000 $49,000 $700,000
Not Provided 265 $31,929,000 $120,000 $400,000 $51,000 $198,000
Black or African American 264 $30,493,000 $115,000 $342,000 $44,000 $166,000
Hispanic 34 $4,218,000 $124,000 $245,000 $49,000 $150,000
Asian 29 $4,298,000 $148,000 $380,000 $48,000 $138,000
American Indian or Alaskan Native 4 $383,000 $95,000 $125,000 $37,000 $54,000
Native Hawaiian or Other Pacific Islander 3 $382,000 $127,000 $163,000 $28,000 $45,000
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) 1,896 $241,029,000 $127,000 $728,000 $52,000 $700,000
FHA-insured (Federal Housing Administration) 1,043 $108,376,000 $103,000 $322,000 $42,000 $307,000
VA-guaranteed (Veterans Administration) 166 $22,811,000 $137,000 $342,000 $54,000 $143,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 24 $2,620,000 $109,000 $184,000 $36,000 $69,000

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
Loan Originated 1,546 $187,559,000 $121,000 $728,000 $52,000 $331,000
Application Withdrawn By Applicant 1,349 $160,944,000 $119,000 $529,000 $46,000 $700,000
Application Approved But Not Accepted 98 $12,278,000 $125,000 $650,000 $53,000 $261,000
Preapproval Approved but not Accepted 48 $5,259,000 $109,000 $210,000 $41,000 $85,000
Application Denied By Financial Institution 39 $4,159,000 $106,000 $333,000 $44,000 $181,000
File Closed For Incompleteness 33 $3,043,000 $92,000 $199,000 $34,000 $59,000
Preapproval Denied by Financial Institution 16 $1,594,000 $99,000 $154,000 $42,000 $87,000
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
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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Broadview Mortgage Company'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 Broadview Mortgage Company'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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