Commonwealth Mortgage, LLC Mortgage Lending & HMDA Data, 2018
In 2018, Commonwealth Mortgage, LLC of Woburn, MA reported 1,382 mortgage applications totaling $404.3 million, down 35% from 2017. The average application was for $292,554, and applicants reported an average income of $126,222. 68% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (234), Boston, MA (111) and Worcester, MA-CT (77) (applications in parentheses).
| Mortgage Company & Address | Commonwealth Mortgage, LLC 600 West Cummings Park Suite 2500 Woburn, MA 01801 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 1,382 |
| Total Mortgage Loan Application Amount | $404,310,000 |
| Average Mortgage Loan Application Amount | $292,554 |
| Highest Mortgage Loan Application Amount | $4,485,000 |
| Average Applicant Income | $126,222 |
| Highest Applicant Income | $1,232,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Commonwealth Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cambridge-Newton-Framingham, MA | 234 | $ 82,990,000 | $ 354,658 | $ 127,000 |
| Boston, MA | 111 | $ 40,435,000 | $ 364,279 | $ 130,000 |
| Worcester, MA-CT | 77 | $ 21,665,000 | $ 281,363 | $ 119,168 |
| Tampa-St. Petersburg-Clearwater, FL | 67 | $ 15,395,000 | $ 229,776 | $ 99,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 56 | $ 17,760,000 | $ 317,142 | $ 128,267 |
| Orlando-Kissimmee-Sanford, FL | 47 | $ 11,695,000 | $ 248,829 | $ 110,000 |
| Manchester-Nashua, NH | 45 | $ 13,205,000 | $ 293,444 | $ 133,000 |
| Outside any metro area | 43 | $ 9,805,000 | $ 228,023 | $ 158,837 |
| Providence-Warwick, RI-MA | 43 | $ 12,535,000 | $ 291,511 | $ 123,906 |
| Rockingham County-Strafford County, NH | 35 | $ 9,705,000 | $ 277,285 | $ 124,000 |
| Barnstable Town, MA | 34 | $ 9,920,000 | $ 291,764 | $ 145,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 29 | $ 7,275,000 | $ 250,862 | $ 100,000 |
| Montgomery County-Bucks County-Chester County, PA | 27 | $ 8,145,000 | $ 301,666 | $ 140,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 26 | $ 6,590,000 | $ 253,461 | $ 95,000 |
| Dallas-Plano-Irving, TX | 22 | $ 7,520,000 | $ 341,818 | $ 155,000 |
| Philadelphia, PA | 21 | $ 5,235,000 | $ 249,285 | $ 149,000 |
| New York-Jersey City-White Plains, NY-NJ | 20 | $ 5,900,000 | $ 295,000 | $ 154,000 |
| Jacksonville, FL | 19 | $ 4,755,000 | $ 250,263 | $ 113,000 |
| Springfield, MA | 19 | $ 4,605,000 | $ 242,368 | $ 118,000 |
| Baltimore-Columbia-Towson, MD | 18 | $ 5,150,000 | $ 286,111 | $ 124,000 |
| Houston-The Woodlands-Sugar Land, TX | 18 | $ 4,420,000 | $ 245,555 | $ 160,000 |
| Pittsburgh, PA | 17 | $ 4,485,000 | $ 263,823 | $ 123,000 |
| Atlanta-Sandy Springs-Roswell, GA | 13 | $ 3,045,000 | $ 234,230 | $ 116,000 |
| Newark, NJ-PA | 13 | $ 4,335,000 | $ 333,461 | $ 170,000 |
| Silver Spring-Frederick-Rockville, MD | 13 | $ 4,625,000 | $ 355,769 | $ 176,000 |
| Richmond, VA | 12 | $ 3,980,000 | $ 331,666 | $ 127,000 |
| Hagerstown-Martinsburg, MD-WV | 11 | $ 1,375,000 | $ 125,000 | $ 51,000 |
| Camden, NJ | 10 | $ 2,550,000 | $ 255,000 | $ 142,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 10 | $ 1,850,000 | $ 185,000 | $ 84,000 |
| Los Angeles-Long Beach-Glendale, CA | 10 | $ 3,690,000 | $ 369,000 | $ 80,000 |
| Seattle-Bellevue-Everett, WA | 10 | $ 3,710,000 | $ 371,000 | $ 156,000 |
| Hartford-West Hartford-East Hartford, CT | 9 | $ 2,035,000 | $ 226,111 | $ 138,000 |
| Oakland-Hayward-Berkeley, CA | 9 | $ 3,215,000 | $ 357,222 | $ 140,000 |
| Austin-Round Rock, TX | 8 | $ 2,450,000 | $ 306,250 | $ 117,000 |
| Chicago-Naperville-Arlington Heights, IL | 8 | $ 2,220,000 | $ 277,500 | $ 136,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 8 | $ 2,700,000 | $ 337,500 | $ 121,000 |
| Cape Coral-Fort Myers, FL | 7 | $ 1,705,000 | $ 243,571 | $ 127,000 |
| Cleveland-Elyria, OH | 7 | $ 1,645,000 | $ 235,000 | $ 88,000 |
| Harrisburg-Carlisle, PA | 7 | $ 1,825,000 | $ 260,714 | $ 128,000 |
| Lakeland-Winter Haven, FL | 7 | $ 1,295,000 | $ 185,000 | $ 41,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 7 | $ 1,845,000 | $ 263,571 | $ 122,000 |
| North Port-Sarasota-Bradenton, FL | 7 | $ 1,845,000 | $ 263,571 | $ 98,000 |
| Columbus, OH | 6 | $ 1,630,000 | $ 271,666 | $ 147,000 |
| Fort Worth-Arlington, TX | 6 | $ 1,540,000 | $ 256,666 | $ 157,000 |
| Memphis, TN-MS-AR | 6 | $ 1,030,000 | $ 171,666 | $ 94,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 6 | $ 1,690,000 | $ 281,666 | $ 117,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 5 | $ 1,075,000 | $ 215,000 | $ 143,600 |
| Denver-Aurora-Lakewood, CO | 5 | $ 1,735,000 | $ 347,000 | $ 175,000 |
| Miami-Miami Beach-Kendall, FL | 5 | $ 1,445,000 | $ 289,000 | $ 108,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 5 | $ 1,795,000 | $ 359,000 | $ 274,000 |
| Winchester, VA-WV | 5 | $ 675,000 | $ 135,000 | $ 34,600 |
| Bridgeport-Stamford-Norwalk, CT | 4 | $ 720,000 | $ 180,000 | $ 123,000 |
| Palm Bay-Melbourne-Titusville, FL | 4 | $ 1,270,000 | $ 317,500 | $ 130,000 |
| Pittsfield, MA | 4 | $ 1,370,000 | $ 342,500 | $ 232,000 |
| Riverside-San Bernardino-Ontario, CA | 4 | $ 1,000,000 | $ 250,000 | $ 99,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 890,000 | $ 222,500 | $ 77,000 |
| Anaheim-Santa Ana-Irvine, CA | 3 | $ 1,125,000 | $ 375,000 | $ 70,000 |
| Cincinnati, OH-KY-IN | 3 | $ 935,000 | $ 311,666 | $ 115,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 545,000 | $ 181,666 | $ 101,000 |
| Naples-Immokalee-Marco Island, FL | 3 | $ 975,000 | $ 325,000 | $ 145,000 |
| Port St. Lucie, FL | 3 | $ 685,000 | $ 228,333 | $ 95,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 755,000 | $ 251,666 | $ 106,000 |
| Reading, PA | 3 | $ 525,000 | $ 175,000 | $ 70,000 |
| San Diego-Carlsbad, CA | 3 | $ 945,000 | $ 315,000 | $ 120,000 |
| Stockton-Lodi, CA | 3 | $ 1,145,000 | $ 381,666 | $ 115,000 |
| Tacoma-Lakewood, WA | 3 | $ 875,000 | $ 291,666 | $ 144,000 |
| Trenton, NJ | 3 | $ 955,000 | $ 318,333 | $ 125,000 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 570,000 | $ 285,000 | $ 146,000 |
| Fresno, CA | 2 | $ 490,000 | $ 245,000 | $ 105,000 |
| Gainesville, GA | 2 | $ 350,000 | $ 175,000 | $ 122,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 430,000 | $ 215,000 | $ 116,000 |
| Lancaster, PA | 2 | $ 460,000 | $ 230,000 | $ 157,000 |
| Lynchburg, VA | 2 | $ 520,000 | $ 260,000 | $ 79,000 |
| New Haven-Milford, CT | 2 | $ 260,000 | $ 130,000 | $ 47,000 |
| Ocala, FL | 2 | $ 420,000 | $ 210,000 | $ 70,000 |
| Raleigh, NC | 2 | $ 610,000 | $ 305,000 | $ 141,000 |
| Roanoke, VA | 2 | $ 620,000 | $ 310,000 | $ 65,000 |
| San Antonio-New Braunfels, TX | 2 | $ 320,000 | $ 160,000 | $ 242,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 2 | $ 590,000 | $ 295,000 | $ 63,000 |
| Tallahassee, FL | 2 | $ 380,000 | $ 190,000 | $ 85,000 |
| Vallejo-Fairfield, CA | 2 | $ 500,000 | $ 250,000 | $ 74,000 |
| Wilmington, DE-MD-NJ | 2 | $ 620,000 | $ 310,000 | $ 148,000 |
| York-Hanover, PA | 2 | $ 560,000 | $ 280,000 | $ 110,000 |
| Asheville, NC | 1 | $ 245,000 | $ 245,000 | $ 84,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 195,000 | $ 195,000 | $ 167,000 |
| Bakersfield, CA | 1 | $ 285,000 | $ 285,000 | $ 77,000 |
| Bremerton-Silverdale, WA | 1 | $ 175,000 | $ 175,000 | $ 104,000 |
| California-Lexington Park, MD | 1 | $ 245,000 | $ 245,000 | $ 161,000 |
| Canton-Massillon, OH | 1 | $ 175,000 | $ 175,000 | $ 118,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 235,000 | $ 235,000 | $ 72,000 |
| Charlottesville, VA | 1 | $ 185,000 | $ 185,000 | $ 54,000 |
| Colorado Springs, CO | 1 | $ 185,000 | $ 185,000 | $ 110,000 |
| Columbus, IN | 1 | $ 345,000 | $ 345,000 | $ 227,000 |
| Corpus Christi, TX | 1 | $ 235,000 | $ 235,000 | $ 148,000 |
| El Centro, CA | 1 | $ 285,000 | $ 285,000 | $ 146,000 |
| Elgin, IL | 1 | $ 395,000 | $ 395,000 | $ 163,000 |
| Gainesville, FL | 1 | $ 335,000 | $ 335,000 | $ 177,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 205,000 | $ 205,000 | $ 132,000 |
| Johnson City, TN | 1 | $ 425,000 | $ 425,000 | $ 134,000 |
| Killeen-Temple, TX | 1 | $ 115,000 | $ 115,000 | $ 60,000 |
| Lansing-East Lansing, MI | 1 | $ 175,000 | $ 175,000 | $ 33,000 |
| Lebanon, PA | 1 | $ 205,000 | $ 205,000 | $ 720,000 |
| Madison, WI | 1 | $ 375,000 | $ 375,000 | $ 120,000 |
| Merced, CA | 1 | $ 155,000 | $ 155,000 | $ 140,000 |
| Modesto, CA | 1 | $ 205,000 | $ 205,000 | $ 76,000 |
| Ocean City, NJ | 1 | $ 415,000 | $ 415,000 | $ 305,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 255,000 | $ 255,000 | $ 103,000 |
| Portland-South Portland, ME | 1 | $ 175,000 | $ 175,000 | $ 223,000 |
| Punta Gorda, FL | 1 | $ 115,000 | $ 115,000 | $ 420,000 |
| Salisbury, MD-DE | 1 | $ 255,000 | $ 255,000 | $ 162,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 355,000 | $ 355,000 | $ 96,000 |
| Sebastian-Vero Beach, FL | 1 | $ 355,000 | $ 355,000 | $ 325,000 |
| Sebring, FL | 1 | $ 55,000 | $ 55,000 | $ 92,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 35,000 | $ 35,000 | $ 62,000 |
| Spokane-Spokane Valley, WA | 1 | $ 195,000 | $ 195,000 | $ 137,000 |
| State College, PA | 1 | $ 185,000 | $ 185,000 | $ 60,000 |
| Winston-Salem, NC | 1 | $ 375,000 | $ 375,000 | $ 87,000 |
Mortgage Loan Application Detail Totals for Commonwealth Mortgage, LLC in 2018
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 | 653 | $191,775,000 | $293,000 | $765,000 | $121,000 | $720,000 |
| Refinancing | 311 | $91,515,000 | $294,000 | $4,485,000 | $135,000 | $1,232,000 |
| Cash-out Refinancing | 275 | $79,735,000 | $289,000 | $665,000 | $131,000 | $581,000 |
| Home Improvement | 142 | $40,830,000 | $287,000 | $605,000 | $122,000 | $350,000 |
| Other Purpose | 1 | $455,000 | $455,000 | $455,000 | $93,000 | $93,000 |
| 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 | 747 | $217,675,000 | $291,000 | $655,000 | $128,000 | $1,232,000 |
| Not Provided | 381 | $107,265,000 | $281,000 | $1,505,000 | $124,000 | $475,000 |
| Asian | 152 | $51,460,000 | $338,000 | $4,485,000 | $144,000 | $693,000 |
| Hispanic | 53 | $14,025,000 | $264,000 | $505,000 | $83,000 | $238,000 |
| Black or African American | 33 | $8,765,000 | $265,000 | $765,000 | $102,000 | $236,000 |
| American Indian or Alaskan Native | 3 | $815,000 | $271,000 | $385,000 | $88,000 | $140,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $500,000 | $250,000 | $365,000 | $52,000 | $104,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,229 | $364,265,000 | $296,000 | $4,485,000 | $132,000 | $1,232,000 |
| FHA-insured (Federal Housing Administration) | 127 | $33,015,000 | $259,000 | $765,000 | $78,000 | $258,000 |
| VA-guaranteed (Veterans Administration) | 19 | $5,855,000 | $308,000 | $455,000 | $87,000 | $195,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $1,175,000 | $167,000 | $265,000 | $48,000 | $65,000 |
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 |
|---|---|---|---|---|---|---|
| Loan Originated | 946 | $268,310,000 | $283,000 | $615,000 | $124,000 | $693,000 |
| Application Withdrawn By Applicant | 288 | $91,160,000 | $316,000 | $4,485,000 | $138,000 | $720,000 |
| Application Denied By Financial Institution | 96 | $30,050,000 | $313,000 | $595,000 | $105,000 | $286,000 |
| File Closed For Incompleteness | 45 | $12,675,000 | $281,000 | $455,000 | $145,000 | $1,232,000 |
| Application Approved But Not Accepted | 7 | $2,115,000 | $302,000 | $455,000 | $125,000 | $296,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,286 | $374,260,000 | $291,000 | $4,485,000 | $128,000 | $1,232,000 |
| Collateral | 36 | $10,690,000 | $296,000 | $505,000 | $133,000 | $286,000 |
| Debt-To-Income Ratio | 35 | $12,255,000 | $350,000 | $595,000 | $85,000 | $214,000 |
| Credit History | 8 | $1,900,000 | $237,000 | $535,000 | $78,000 | $172,000 |
| Other | 6 | $1,690,000 | $281,000 | $425,000 | $144,000 | $256,000 |
| Unverifiable Information | 5 | $1,785,000 | $357,000 | $455,000 | $75,000 | $128,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,110,000 | $277,000 | $415,000 | $87,000 | $140,000 |
| Employment History | 2 | $620,000 | $310,000 | $365,000 | $77,000 | $142,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Commonwealth Mortgage, LLC's 2018 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 Commonwealth 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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with aggregated HMDA statistics today.
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