Coastline Home Mortgage Mortgage Lending & HMDA Data, 2008

In 2008, Coastline Home Mortgage of Jacksonville, FL reported 90 mortgage applications totaling $9.1 million, down 1% from 2007. The average application was for $101,177, and applicants reported an average income of $77,866. 89% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Jacksonville, FL (85), Palm Coast, FL (3) and Johnson City, TN (1) (applications in parentheses).

Mortgage Company & Address Coastline Home Mortgage
8011 Philips Hwy
Jacksonville, FL 32207
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 90
Total Mortgage Loan Application Amount $9,106,000
Average Mortgage Loan Application Amount $101,177
Highest Mortgage Loan Application Amount $417,000
Average Applicant Income $77,866
Highest Applicant Income $280,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Coastline Home Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Coastline Home Mortgage by Metropolitan Area in 2008

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Jacksonville, FL 85 $ 8,725,000 $ 102,647 $ 76,000
Palm Coast, FL 3 $ 246,000 $ 82,000 $ 112,000
Johnson City, TN 1 $ 104,000 $ 104,000 $ 114,000
Miami-Miami Beach-Kendall, FL 1 $ 31,000 $ 31,000 $ 99,000

Mortgage Loan Application Detail Totals for Coastline Home Mortgage in 2008

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
Refinancing 78 $7,690,000 $98,000 $417,000 $76,000 $280,000
Home Purchase 12 $1,416,000 $118,000 $181,000 $90,000 $150,000
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 71 $7,477,000 $105,000 $417,000 $83,000 $280,000
Black or African American 16 $1,307,000 $81,000 $210,000 $53,000 $128,000
Hispanic 2 $151,000 $75,000 $120,000 $73,000 $99,000
Asian 1 $171,000 $171,000 $171,000 $116,000 $116,000
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
Not Provided 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) 90 $9,106,000 $101,000 $417,000 $78,000 $280,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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 80 $8,127,000 $101,000 $417,000 $80,000 $280,000
Application Denied By Financial Institution 10 $979,000 $97,000 $191,000 $64,000 $204,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 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
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
Credit History 5 $433,000 $86,000 $175,000 $90,000 $204,000
Debt-To-Income Ratio 5 $546,000 $109,000 $191,000 $37,000 $46,000
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
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Coastline Home Mortgage's 2008 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 Coastline Home Mortgage'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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