Community Mortgage Funding, LLC Mortgage Lending & HMDA Data, 2022

In 2022, Community Mortgage Funding, LLC of Pomona, CA reported 535 mortgage applications totaling $168.5 million, down 32% from 2021. The average application was for $314,943, and applicants reported an average income of $131,158. 32% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (60), Riverside-San Bernardino-Ontario, CA (50) and Las Vegas-Henderson-Paradise, NV (16) (applications in parentheses).

Mortgage Company & Address Community Mortgage Funding, LLC
3201 West Temple Ave, Suite 120
Pomona, CA 91768
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  
Total Number of Mortgage Applications 535
Total Mortgage Loan Application Amount $168,495,000
Average Mortgage Loan Application Amount $314,943
Highest Mortgage Loan Application Amount $1,455,000
Average Applicant Income $131,158
Highest Applicant Income $1,626,000

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records Community Mortgage Funding, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

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Mortgage Loan Application Detail Totals for Community Mortgage Funding, LLC 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 375 $121,305,000 $323,000 $1,165,000 $133,000 $738,000
Cash-out Refinancing 135 $39,115,000 $289,000 $885,000 $127,000 $1,626,000
Refinancing 25 $8,075,000 $323,000 $1,455,000 $126,000 $398,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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
Not Provided 392 $122,990,000 $313,000 $1,455,000 $135,000 $1,626,000
White 79 $22,255,000 $281,000 $985,000 $130,000 $410,000
Hispanic 43 $15,335,000 $356,000 $685,000 $99,000 $325,000
Asian 10 $4,470,000 $447,000 $805,000 $146,000 $271,000
Black or African American 10 $3,230,000 $323,000 $665,000 $128,000 $332,000
American Indian or Alaskan Native 1 $215,000 $215,000 $215,000 $50,000 $50,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
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) 495 $153,485,000 $310,000 $1,455,000 $135,000 $1,626,000
FHA-insured (Federal Housing Administration) 37 $13,835,000 $373,000 $985,000 $89,000 $185,000
VA-guaranteed (Veterans Administration) 3 $1,175,000 $391,000 $455,000 $71,000 $85,000
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 172 $44,490,000 $258,000 $805,000 $171,000 $1,626,000
Preapproval Approved but not Accepted 136 $52,310,000 $384,000 $1,165,000 $113,000 $738,000
Application Withdrawn By Applicant 59 $18,395,000 $311,000 $1,455,000 $136,000 $398,000
Preapproval Denied by Financial Institution 52 $18,660,000 $358,000 $765,000 $75,000 $192,000
Application Approved But Not Accepted 48 $15,090,000 $314,000 $725,000 $123,000 $324,000
Application Denied By Financial Institution 40 $10,360,000 $259,000 $825,000 $104,000 $357,000
File Closed For Incompleteness 27 $9,095,000 $336,000 $925,000 $124,000 $334,000
Loan Purchased By The Institution 1 $95,000 $95,000 $95,000 $58,000 $58,000

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 443 $139,475,000 $314,000 $1,455,000 $140,000 $1,626,000
Debt-To-Income Ratio 45 $15,035,000 $334,000 $765,000 $81,000 $181,000
Credit History 37 $11,115,000 $300,000 $575,000 $94,000 $357,000
Other 4 $880,000 $220,000 $305,000 $143,000 $287,000
Insufficient Cash (Downpayment, Closing Cost) 3 $1,235,000 $411,000 $825,000 $68,000 $115,000
Employment History 2 $430,000 $215,000 $255,000 $46,000 $53,000
Collateral 1 $325,000 $325,000 $325,000 $87,000 $87,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Community Mortgage Funding, LLC'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 Community Mortgage Funding, 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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