Castle Mortgage Corporation Mortgage Lending & HMDA Data, 2022
In 2022, Castle Mortgage Corporation of Wilmington, DE reported 5,092 mortgage applications totaling $2.9 billion, up 78% from 2021. The average application was for $560,978, and applicants reported an average income of $300,740. 51% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (1,149), Riverside-San Bernardino-Ontario, CA (686) and Anaheim-Santa Ana-Irvine, CA (414) (applications in parentheses).
| Mortgage Company & Address | Castle Mortgage Corporation 10251 Vista Sorrento Pkwy, Ste. 225 Wilmington, DE 92121 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2015 2014 |
| Total Number of Mortgage Applications | 5,092 |
| Total Mortgage Loan Application Amount | $2,856,500,000 |
| Average Mortgage Loan Application Amount | $560,978 |
| Highest Mortgage Loan Application Amount | $6,305,000 |
| Average Applicant Income | $300,740 |
| Highest Applicant Income | $7,901,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Castle Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Castle Mortgage Corporation in 2022
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 | 2,476 | $1,373,020,000 | $554,000 | $4,005,000 | $313,000 | $7,901,000 |
| Cash-out Refinancing | 1,965 | $1,088,375,000 | $553,000 | $6,305,000 | $279,000 | $4,813,000 |
| Refinancing | 650 | $394,380,000 | $606,000 | $3,995,000 | $320,000 | $4,800,000 |
| Other Purpose | 1 | $725,000 | $725,000 | $725,000 | $150,000 | $150,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 1,769 | $1,052,545,000 | $594,000 | $6,305,000 | $328,000 | $7,901,000 |
| Not Provided | 1,691 | $987,625,000 | $584,000 | $4,005,000 | $321,000 | $6,120,000 |
| Hispanic | 652 | $301,440,000 | $462,000 | $2,755,000 | $194,000 | $3,360,000 |
| Black or African American | 280 | $116,240,000 | $415,000 | $1,845,000 | $261,000 | $4,200,000 |
| Asian | 114 | $71,250,000 | $625,000 | $2,505,000 | $242,000 | $860,000 |
| Native Hawaiian or Other Pacific Islander | 11 | $6,065,000 | $551,000 | $1,075,000 | $198,000 | $231,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 4,785 | $2,715,695,000 | $567,000 | $6,305,000 | $323,000 | $7,901,000 |
| FHA-insured (Federal Housing Administration) | 275 | $124,235,000 | $451,000 | $1,265,000 | $108,000 | $358,000 |
| VA-guaranteed (Veterans Administration) | 32 | $16,570,000 | $517,000 | $995,000 | $108,000 | $220,000 |
| 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 | 2,575 | $1,401,185,000 | $544,000 | $4,005,000 | $337,000 | $7,800,000 |
| Application Withdrawn By Applicant | 2,034 | $1,178,000,000 | $579,000 | $6,305,000 | $287,000 | $7,901,000 |
| Application Denied By Financial Institution | 236 | $133,690,000 | $566,000 | $4,005,000 | $188,000 | $1,680,000 |
| Application Approved But Not Accepted | 211 | $126,945,000 | $601,000 | $2,945,000 | $259,000 | $3,613,000 |
| File Closed For Incompleteness | 34 | $15,860,000 | $466,000 | $1,805,000 | $167,000 | $1,800,000 |
| Preapproval Approved but not Accepted | 1 | $375,000 | $375,000 | $375,000 | $120,000 | $120,000 |
| Preapproval Denied by Financial Institution | 1 | $445,000 | $445,000 | $445,000 | $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 | 4,855 | $2,722,365,000 | $560,000 | $6,305,000 | $309,000 | $7,901,000 |
| Debt-To-Income Ratio | 74 | $41,120,000 | $555,000 | $2,005,000 | $111,000 | $511,000 |
| Collateral | 38 | $21,660,000 | $570,000 | $2,255,000 | $250,000 | $897,000 |
| Credit History | 35 | $24,135,000 | $689,000 | $4,005,000 | $298,000 | $1,680,000 |
| Other | 32 | $15,590,000 | $487,000 | $1,685,000 | $249,000 | $1,092,000 |
| Unverifiable Information | 24 | $13,110,000 | $546,000 | $2,805,000 | $179,000 | $708,000 |
| Credit Application Incomplete | 23 | $13,685,000 | $595,000 | $2,425,000 | $281,000 | $1,514,000 |
| Employment History | 7 | $3,915,000 | $559,000 | $1,265,000 | $160,000 | $363,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $920,000 | $230,000 | $355,000 | $81,000 | $157,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Castle Mortgage Corporation's 2022 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 Castle Mortgage Corporation'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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with aggregated HMDA statistics today.
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