Hmda Lar 2025-Final Mortgage Lending & HMDA Data, 2023
In 2023, Hmda Lar 2025-Final of Burlington, WA reported 201 mortgage applications totaling $90.9 million. The average application was for $452,263, and applicants reported an average income of $191,721. 65% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Bellingham, WA (65), Mount Vernon-Anacortes, WA (35) and Olympia-Tumwater, WA (13) (applications in parentheses).
| Mortgage Company & Address | Hmda Lar 2025-Final 1020 S Burlington Blvd Burlington, WA 98233 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 201 |
| Total Mortgage Loan Application Amount | $90,905,000 |
| Average Mortgage Loan Application Amount | $452,263 |
| Highest Mortgage Loan Application Amount | $2,625,000 |
| Average Applicant Income | $191,721 |
| Highest Applicant Income | $2,207,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hmda Lar 2025-Final filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 67 | $ 26,135,000 | $ 390,074 | $ 179,000 |
| Bellingham, WA | 65 | $ 31,295,000 | $ 481,461 | $ 201,000 |
| Mount Vernon-Anacortes, WA | 35 | $ 18,025,000 | $ 515,000 | $ 184,000 |
| Olympia-Tumwater, WA | 13 | $ 6,925,000 | $ 532,692 | $ 257,000 |
| Seattle-Bellevue-Everett, WA | 7 | $ 2,735,000 | $ 390,714 | $ 114,000 |
| Tacoma-Lakewood, WA | 7 | $ 2,865,000 | $ 409,285 | $ 187,000 |
| Wenatchee, WA | 3 | $ 675,000 | $ 225,000 | $ 105,000 |
| Fairbanks, AK | 2 | $ 1,800,000 | $ 900,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 205,000 | $ 205,000 | $ 188,000 |
| Tucson, AZ | 1 | $ 245,000 | $ 245,000 | $ 156,000 |
Mortgage Loan Application Detail Totals for Hmda Lar 2025-Final 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 | 139 | $67,095,000 | $482,000 | $2,625,000 | $186,000 | $2,207,000 |
| Refinancing | 31 | $14,435,000 | $465,000 | $2,005,000 | $220,000 | $472,000 |
| Cash-out Refinancing | 17 | $5,105,000 | $300,000 | $1,205,000 | $164,000 | $466,000 |
| Other Purpose | 8 | $1,990,000 | $248,000 | $655,000 | $235,000 | $626,000 |
| Home Improvement | 6 | $2,280,000 | $380,000 | $1,005,000 | $199,000 | $622,000 |
| Not Applicable | 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 | 122 | $51,300,000 | $420,000 | $1,005,000 | $165,000 | $827,000 |
| Not applicable | 32 | $17,160,000 | $536,000 | $2,625,000 | $0 | $0 |
| Not Provided | 26 | $11,530,000 | $443,000 | $2,005,000 | $291,000 | $2,207,000 |
| Hispanic | 10 | $4,710,000 | $471,000 | $635,000 | $150,000 | $243,000 |
| Asian | 6 | $3,420,000 | $570,000 | $985,000 | $301,000 | $464,000 |
| Black or African American | 2 | $720,000 | $360,000 | $415,000 | $92,000 | $105,000 |
| American Indian or Alaskan Native | 1 | $405,000 | $405,000 | $405,000 | $162,000 | $162,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 165 | $74,265,000 | $450,000 | $2,625,000 | $200,000 | $2,207,000 |
| VA-guaranteed (Veterans Administration) | 30 | $13,690,000 | $456,000 | $815,000 | $149,000 | $827,000 |
| FHA-insured (Federal Housing Administration) | 6 | $2,950,000 | $491,000 | $575,000 | $147,000 | $169,000 |
| 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 | 131 | $55,765,000 | $425,000 | $1,205,000 | $186,000 | $2,207,000 |
| Application Withdrawn By Applicant | 52 | $26,610,000 | $511,000 | $2,625,000 | $213,000 | $729,000 |
| Application Denied By Financial Institution | 11 | $4,925,000 | $447,000 | $705,000 | $146,000 | $397,000 |
| File Closed For Incompleteness | 5 | $2,935,000 | $587,000 | $2,005,000 | $180,000 | $472,000 |
| Application Approved But Not Accepted | 1 | $385,000 | $385,000 | $385,000 | $84,000 | $84,000 |
| Loan Purchased By The Institution | 1 | $285,000 | $285,000 | $285,000 | $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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 201 | $90,905,000 | $452,000 | $2,625,000 | $189,000 | $2,207,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hmda Lar 2025-Final'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 Hmda Lar 2025-Final'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 Washington, download the full spreadsheet
with aggregated HMDA statistics today.
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