Builders Choice Mortgage LLC Mortgage Lending & HMDA Data, 2023
In 2023, Builders Choice Mortgage LLC of Boca Raton, FL reported 474 mortgage applications totaling $192.5 million. The average application was for $406,139, and applicants reported an average income of $197,685. 65% of its applications resulted in an originated loan and 14% were denied. Its largest markets were West Palm Beach-Boca Raton-Delray Beach, FL (182), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (118) and Port St. Lucie, FL (21) (applications in parentheses).
| Mortgage Company & Address | Builders Choice Mortgage LLC 40 Se 5th St Suite 401 Boca Raton, FL 33431 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 474 |
| Total Mortgage Loan Application Amount | $192,510,000 |
| Average Mortgage Loan Application Amount | $406,139 |
| Highest Mortgage Loan Application Amount | $2,865,000 |
| Average Applicant Income | $197,685 |
| Highest Applicant Income | $3,528,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Builders Choice Mortgage LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Builders Choice Mortgage LLC 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 | 425 | $170,195,000 | $400,000 | $2,865,000 | $185,000 | $1,622,000 |
| Cash-out Refinancing | 42 | $19,490,000 | $464,000 | $2,435,000 | $285,000 | $3,528,000 |
| Refinancing | 7 | $2,825,000 | $403,000 | $505,000 | $444,000 | $2,686,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| White | 338 | $143,030,000 | $423,000 | $2,865,000 | $219,000 | $3,528,000 |
| Hispanic | 67 | $24,275,000 | $362,000 | $1,525,000 | $161,000 | $1,139,000 |
| Black or African American | 47 | $16,665,000 | $354,000 | $885,000 | $127,000 | $537,000 |
| Asian | 16 | $6,430,000 | $401,000 | $1,205,000 | $120,000 | $279,000 |
| Not Provided | 6 | $2,110,000 | $351,000 | $665,000 | $138,000 | $172,000 |
| 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 |
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) | 398 | $164,330,000 | $412,000 | $2,865,000 | $213,000 | $3,528,000 |
| FHA-insured (Federal Housing Administration) | 61 | $21,515,000 | $352,000 | $715,000 | $117,000 | $316,000 |
| VA-guaranteed (Veterans Administration) | 15 | $6,665,000 | $444,000 | $845,000 | $108,000 | $234,000 |
| 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 | 306 | $122,420,000 | $400,000 | $2,865,000 | $206,000 | $3,528,000 |
| Application Withdrawn By Applicant | 95 | $42,675,000 | $449,000 | $1,385,000 | $181,000 | $865,000 |
| Application Denied By Financial Institution | 66 | $24,750,000 | $375,000 | $1,365,000 | $174,000 | $1,174,000 |
| Preapproval Denied by Financial Institution | 4 | $1,650,000 | $412,000 | $595,000 | $158,000 | $219,000 |
| Application Approved But Not Accepted | 2 | $840,000 | $420,000 | $485,000 | $542,000 | $1,011,000 |
| Preapproval Approved but not Accepted | 1 | $175,000 | $175,000 | $175,000 | $62,000 | $62,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 404 | $166,110,000 | $411,000 | $2,865,000 | $202,000 | $3,528,000 |
| Collateral | 34 | $10,640,000 | $312,000 | $885,000 | $169,000 | $1,174,000 |
| Other | 8 | $3,220,000 | $402,000 | $725,000 | $177,000 | $355,000 |
| Unverifiable Information | 7 | $1,965,000 | $280,000 | $585,000 | $107,000 | $212,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $4,285,000 | $612,000 | $1,165,000 | $194,000 | $323,000 |
| Debt-To-Income Ratio | 7 | $2,455,000 | $350,000 | $505,000 | $94,000 | $154,000 |
| Credit Application Incomplete | 5 | $3,475,000 | $695,000 | $1,365,000 | $380,000 | $856,000 |
| Credit History | 2 | $360,000 | $180,000 | $185,000 | $163,000 | $172,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Builders Choice Mortgage LLC'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 Builders Choice Mortgage LLC'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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