Classic Home Financial, Inc. Mortgage Lending & HMDA Data, 2009
In 2009, Classic Home Financial, Inc. of Houston, TX reported 2,228 mortgage applications totaling $334.6 million, down 1% from 2008. The average application was for $150,159, and applicants reported an average income of $51,291. 42% of its applications resulted in an originated loan and 55% were denied. Its largest markets were Houston-Sugar Land-Baytown, TX (786), Dallas-Plano-Irving, TX (319) and San Antonio, TX (192) (applications in parentheses).
| Mortgage Company & Address | Classic Home Financial, Inc. 10700 Richmond Avenue #150 Houston, TX 77042 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 2,228 |
| Total Mortgage Loan Application Amount | $334,555,000 |
| Average Mortgage Loan Application Amount | $150,159 |
| Highest Mortgage Loan Application Amount | $1,240,000 |
| Average Applicant Income | $51,291 |
| Highest Applicant Income | $1,140,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Classic Home Financial, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Houston-Sugar Land-Baytown, TX | 786 | $ 117,594,000 | $ 149,610 | $ 61,000 |
| Dallas-Plano-Irving, TX | 319 | $ 46,808,000 | $ 146,733 | $ 38,000 |
| San Antonio, TX | 192 | $ 30,042,000 | $ 156,468 | $ 47,000 |
| Fort Worth-Arlington, TX | 107 | $ 14,940,000 | $ 139,626 | $ 33,000 |
| Austin-Round Rock, TX | 87 | $ 14,931,000 | $ 171,620 | $ 43,000 |
| Denver-Aurora-Broomfield, CO | 44 | $ 8,847,000 | $ 201,068 | $ 35,000 |
| Colorado Springs, CO | 36 | $ 7,186,000 | $ 199,611 | $ 26,000 |
| Lake Charles, LA | 33 | $ 4,745,000 | $ 143,787 | $ 81,000 |
| Oklahoma City, OK | 33 | $ 5,110,000 | $ 154,848 | $ 57,000 |
| McAllen-Edinburg-Mission, TX | 32 | $ 5,104,000 | $ 159,500 | $ 92,000 |
| Amarillo, TX | 31 | $ 4,023,000 | $ 129,774 | $ 38,000 |
| Beaumont-Port Arthur, TX | 27 | $ 3,621,000 | $ 134,111 | $ 64,000 |
| New Orleans-Metairie-Kenner, LA | 22 | $ 3,518,000 | $ 159,909 | $ 37,000 |
| El Paso, TX | 21 | $ 3,063,000 | $ 145,857 | $ 23,000 |
| Laredo, TX | 19 | $ 2,405,000 | $ 126,578 | $ 43,000 |
| Brownsville-Harlingen, TX | 14 | $ 1,711,000 | $ 122,214 | $ 60,000 |
| Corpus Christi, TX | 14 | $ 2,116,000 | $ 151,142 | $ 54,000 |
| Baton Rouge, LA | 13 | $ 1,995,000 | $ 153,461 | $ 41,000 |
| Lafayette, LA | 12 | $ 1,925,000 | $ 160,416 | $ 48,000 |
| Waco, TX | 11 | $ 1,627,000 | $ 147,909 | $ 51,000 |
| Killeen-Temple-Fort Hood, TX | 10 | $ 1,185,000 | $ 118,500 | $ 73,000 |
| Ocala, FL | 10 | $ 1,231,000 | $ 123,100 | $ 39,000 |
| Tulsa, OK | 10 | $ 1,549,000 | $ 154,900 | $ 64,000 |
| Alexandria, LA | 9 | $ 1,092,000 | $ 121,333 | $ 62,000 |
| Odessa, TX | 8 | $ 855,000 | $ 106,875 | $ 43,000 |
| Midland, TX | 7 | $ 833,000 | $ 119,000 | $ 39,000 |
| Sherman-Denison, TX | 5 | $ 851,000 | $ 170,200 | $ 44,000 |
| St. Louis, MO-IL | 5 | $ 534,000 | $ 106,800 | $ 0 |
| Longview, TX | 4 | $ 403,000 | $ 100,750 | $ 20,000 |
| Lubbock, TX | 4 | $ 588,000 | $ 147,000 | $ 0 |
| Pueblo, CO | 4 | $ 505,000 | $ 126,250 | $ 36,000 |
| Shreveport-Bossier City, LA | 4 | $ 422,000 | $ 105,500 | $ 23,000 |
| Springfield, MO | 4 | $ 754,000 | $ 188,500 | $ 48,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 548,000 | $ 182,666 | $ 0 |
| Jacksonville, FL | 3 | $ 696,000 | $ 232,000 | $ 0 |
| Orlando-Kissimmee, FL | 3 | $ 503,000 | $ 167,666 | $ 24,000 |
| Port St. Lucie, FL | 3 | $ 403,000 | $ 134,333 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 617,000 | $ 205,666 | $ 15,000 |
| Boulder, CO | 2 | $ 883,000 | $ 441,500 | $ 71,000 |
| College Station-Bryan, TX | 2 | $ 400,000 | $ 200,000 | $ 64,000 |
| Gainesville, FL | 2 | $ 312,000 | $ 156,000 | $ 0 |
| Houma-Bayou Cane-Thibodaux, LA | 2 | $ 239,000 | $ 119,500 | $ 54,000 |
| Victoria, TX | 2 | $ 253,000 | $ 126,500 | $ 72,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 129,000 | $ 64,500 | $ 32,000 |
| Bradenton-Sarasota-Venice, FL | 1 | $ 147,000 | $ 147,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 1 | $ 132,000 | $ 132,000 | $ 0 |
| Fort Collins-Loveland, CO | 1 | $ 170,000 | $ 170,000 | $ 70,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 80,000 | $ 80,000 | $ 60,000 |
| Greeley, CO | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 133,000 | $ 133,000 | $ 69,000 |
| Lakeland-Winter Haven, FL | 1 | $ 181,000 | $ 181,000 | $ 0 |
| Lawton, OK | 1 | $ 283,000 | $ 283,000 | $ 148,000 |
| Memphis, TN-MS-AR | 1 | $ 175,000 | $ 175,000 | $ 13,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 74,000 | $ 74,000 | $ 20,000 |
| Punta Gorda, FL | 1 | $ 121,000 | $ 121,000 | $ 0 |
| San Angelo, TX | 1 | $ 164,000 | $ 164,000 | $ 70,000 |
| Tallahassee, FL | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Tyler, TX | 1 | $ 140,000 | $ 140,000 | $ 37,000 |
| Wichita Falls, TX | 1 | $ 116,000 | $ 116,000 | $ 0 |
Mortgage Loan Application Detail Totals for Classic Home Financial, Inc. in 2009
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 | 1,172 | $163,359,000 | $139,000 | $1,240,000 | $64,000 | $795,000 |
| Refinancing | 1,050 | $170,216,000 | $162,000 | $1,137,000 | $37,000 | $1,140,000 |
| Home Improvement | 6 | $980,000 | $163,000 | $242,000 | $70,000 | $96,000 |
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 | 1,019 | $170,226,000 | $167,000 | $1,240,000 | $59,000 | $900,000 |
| Hispanic | 692 | $86,857,000 | $125,000 | $417,000 | $40,000 | $1,140,000 |
| Black or African American | 405 | $58,826,000 | $145,000 | $404,000 | $47,000 | $331,000 |
| Asian | 66 | $10,641,000 | $161,000 | $417,000 | $63,000 | $293,000 |
| Not Provided | 31 | $4,728,000 | $152,000 | $336,000 | $48,000 | $165,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $2,064,000 | $258,000 | $621,000 | $76,000 | $248,000 |
| American Indian or Alaskan Native | 7 | $1,213,000 | $173,000 | $275,000 | $30,000 | $69,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 1,663 | $230,102,000 | $138,000 | $372,000 | $40,000 | $714,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 430 | $80,756,000 | $187,000 | $1,240,000 | $96,000 | $1,140,000 |
| VA-guaranteed (Veterans Administration) | 134 | $23,585,000 | $176,000 | $605,000 | $51,000 | $187,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $112,000 | $112,000 | $112,000 | $48,000 | $48,000 |
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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 1,230 | $185,131,000 | $150,000 | $1,137,000 | $59,000 | $1,140,000 |
| Loan Originated | 932 | $139,174,000 | $149,000 | $1,240,000 | $40,000 | $795,000 |
| Preapproval Denied by Financial Institution | 41 | $5,488,000 | $133,000 | $591,000 | $52,000 | $150,000 |
| Application Withdrawn By Applicant | 24 | $4,693,000 | $195,000 | $417,000 | $71,000 | $400,000 |
| Application Approved But Not Accepted | 1 | $69,000 | $69,000 | $69,000 | $49,000 | $49,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 201 | $27,741,000 | $138,000 | $367,000 | $60,000 | $222,000 |
| Debt-To-Income Ratio | 172 | $28,143,000 | $163,000 | $1,137,000 | $55,000 | $516,000 |
| Other | 89 | $14,902,000 | $167,000 | $608,000 | $84,000 | $1,140,000 |
| Employment History | 39 | $5,103,000 | $130,000 | $352,000 | $52,000 | $331,000 |
| Collateral | 23 | $3,575,000 | $155,000 | $544,000 | $90,000 | $296,000 |
| Unverifiable Information | 13 | $1,786,000 | $137,000 | $321,000 | $81,000 | $202,000 |
| Mortgage Insurance Denied | 4 | $909,000 | $227,000 | $360,000 | $103,000 | $148,000 |
| Credit Application Incomplete | 2 | $301,000 | $150,000 | $182,000 | $31,000 | $63,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $113,000 | $113,000 | $113,000 | $63,000 | $63,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Classic Home Financial, Inc.'s 2009 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 Classic Home Financial, Inc.'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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