Continental Home Loans Inc. Mortgage Lending & HMDA Data, 2014
In 2014, Continental Home Loans Inc. of Melville, NY reported 4,234 mortgage applications totaling $1.3 billion, down 22% from 2013. The average application was for $304,140, and applicants reported an average income of $109,940. 81% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Nassau County-Suffolk County, NY (2,486), New York-Jersey City-White Plains, NY-NJ (1,241) and Albany-Schenectady-Troy, NY (151) (applications in parentheses).
| Mortgage Company & Address | Continental Home Loans Inc. 175 Pinelawn Road, Suite 303 Melville, NY 11747 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 4,234 |
| Total Mortgage Loan Application Amount | $1,287,732,000 |
| Average Mortgage Loan Application Amount | $304,140 |
| Highest Mortgage Loan Application Amount | $1,485,000 |
| Average Applicant Income | $109,940 |
| Highest Applicant Income | $870,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Continental Home Loans Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Suffolk, New York | 1,761 | $ 516,451,000 | $ 293,271 | $ 116,000 |
| Nassau, New York | 725 | $ 246,869,000 | $ 340,508 | $ 123,000 |
| Queens, New York | 372 | $ 130,672,000 | $ 351,268 | $ 97,000 |
| Richmond, New York | 228 | $ 74,843,000 | $ 328,258 | $ 101,000 |
| Kings, New York | 217 | $ 93,636,000 | $ 431,502 | $ 108,000 |
| Bronx, New York | 97 | $ 36,188,000 | $ 373,072 | $ 96,000 |
| Westchester, New York | 90 | $ 29,103,000 | $ 323,366 | $ 138,000 |
| Passaic, New Jersey | 73 | $ 14,293,000 | $ 195,794 | $ 67,000 |
| Albany, New York | 47 | $ 9,030,000 | $ 192,127 | $ 98,000 |
| Palm Beach, Florida | 44 | $ 8,519,000 | $ 193,613 | $ 90,000 |
| Essex, New Jersey | 41 | $ 7,922,000 | $ 193,219 | $ 76,000 |
| Union, New Jersey | 41 | $ 8,773,000 | $ 213,975 | $ 78,000 |
| Schenectady, New York | 37 | $ 5,263,000 | $ 142,243 | $ 63,000 |
| Saratoga, New York | 35 | $ 7,342,000 | $ 209,771 | $ 110,000 |
| Bergen, New Jersey | 33 | $ 8,532,000 | $ 258,545 | $ 96,000 |
| Monmouth, New Jersey | 33 | $ 9,898,000 | $ 299,939 | $ 113,000 |
| Orange, New York | 32 | $ 8,528,000 | $ 266,500 | $ 100,000 |
| Rensselaer, New York | 25 | $ 4,325,000 | $ 173,000 | $ 70,000 |
| Middlesex, New Jersey | 18 | $ 3,978,000 | $ 221,000 | $ 81,000 |
| Rockland, New York | 14 | $ 3,324,000 | $ 237,428 | $ 87,000 |
| New York, New York | 12 | $ 5,393,000 | $ 449,416 | $ 200,000 |
| Hudson, New Jersey | 11 | $ 2,980,000 | $ 270,909 | $ 117,000 |
| Ocean, New Jersey | 11 | $ 2,995,000 | $ 272,272 | $ 104,000 |
| Essex, Massachusetts | 9 | $ 1,515,000 | $ 168,333 | $ 63,000 |
| Broward, Florida | 8 | $ 1,721,000 | $ 215,125 | $ 97,000 |
| Putnam, New York | 8 | $ 1,970,000 | $ 246,250 | $ 93,000 |
| Ulster, New York | 8 | $ 1,599,000 | $ 199,875 | $ 71,000 |
| Warren, New York | 8 | $ 1,454,000 | $ 181,750 | $ 93,000 |
| Fairfield, Connecticut | 7 | $ 2,376,000 | $ 339,428 | $ 129,000 |
| Morris, New Jersey | 7 | $ 1,830,000 | $ 261,428 | $ 93,000 |
| Schoharie, New York | 7 | $ 1,116,000 | $ 159,428 | $ 62,000 |
| Osceola, Florida | 6 | $ 1,019,000 | $ 169,833 | $ 111,000 |
| Dutchess, New York | 6 | $ 1,930,000 | $ 321,666 | $ 112,000 |
| Suffolk, Massachusetts | 5 | $ 1,737,000 | $ 347,400 | $ 128,000 |
| Duval, Florida | 4 | $ 336,000 | $ 84,000 | $ 130,000 |
| Miami-Dade, Florida | 4 | $ 599,000 | $ 149,750 | $ 133,000 |
| Sarasota, Florida | 4 | $ 1,444,000 | $ 361,000 | $ 121,000 |
| St. Lucie, Florida | 4 | $ 508,000 | $ 127,000 | $ 113,000 |
| Sussex, New Jersey | 4 | $ 757,000 | $ 189,250 | $ 106,000 |
| Monroe, New York | 4 | $ 509,000 | $ 127,250 | $ 77,000 |
| Niagara, New York | 4 | $ 639,000 | $ 159,750 | $ 66,000 |
| Monroe, Pennsylvania | 4 | $ 764,000 | $ 191,000 | $ 121,000 |
| New Haven, Connecticut | 3 | $ 399,000 | $ 133,000 | $ 49,000 |
| Lee, Florida | 3 | $ 813,000 | $ 271,000 | $ 90,000 |
| Orange, Florida | 3 | $ 477,000 | $ 159,000 | $ 108,000 |
| Plymouth, Massachusetts | 3 | $ 1,207,000 | $ 402,333 | $ 122,000 |
| Atlantic, New Jersey | 3 | $ 493,000 | $ 164,333 | $ 99,000 |
| Burlington, New Jersey | 3 | $ 745,000 | $ 248,333 | $ 88,000 |
| Camden, New Jersey | 3 | $ 458,000 | $ 152,666 | $ 66,000 |
| Somerset, New Jersey | 3 | $ 563,000 | $ 187,666 | $ 87,000 |
| Onondaga, New York | 3 | $ 558,000 | $ 186,000 | $ 89,000 |
| Delaware, Pennsylvania | 3 | $ 568,000 | $ 189,333 | $ 64,000 |
| Hartford, Connecticut | 2 | $ 543,000 | $ 271,500 | $ 203,000 |
| Litchfield, Connecticut | 2 | $ 636,000 | $ 318,000 | $ 270,000 |
| Middlesex, Connecticut | 2 | $ 305,000 | $ 152,500 | $ 134,000 |
| New London, Connecticut | 2 | $ 231,000 | $ 115,500 | $ 180,000 |
| Collier, Florida | 2 | $ 602,000 | $ 301,000 | $ 172,000 |
| Lake, Florida | 2 | $ 349,000 | $ 174,500 | $ 45,000 |
| Pinellas, Florida | 2 | $ 300,000 | $ 150,000 | $ 142,000 |
| Paulding, Georgia | 2 | $ 392,000 | $ 196,000 | $ 96,000 |
| Barnstable, Massachusetts | 2 | $ 510,000 | $ 255,000 | $ 105,000 |
| Warren, New Jersey | 2 | $ 518,000 | $ 259,000 | $ 90,000 |
| Columbia, New York | 2 | $ 481,000 | $ 240,500 | $ 107,000 |
| Delaware, New York | 2 | $ 253,000 | $ 126,500 | $ 68,000 |
| Erie, New York | 2 | $ 359,000 | $ 179,500 | $ 68,000 |
| Essex, New York | 2 | $ 489,000 | $ 244,500 | $ 158,000 |
| Greene, New York | 2 | $ 259,000 | $ 129,500 | $ 57,000 |
| Oneida, New York | 2 | $ 172,000 | $ 86,000 | $ 79,000 |
| Sullivan, New York | 2 | $ 306,000 | $ 153,000 | $ 108,000 |
| Union, North Carolina | 2 | $ 432,000 | $ 216,000 | $ 83,000 |
| Montgomery, Pennsylvania | 2 | $ 618,000 | $ 309,000 | $ 127,000 |
| Northampton, Pennsylvania | 2 | $ 214,000 | $ 107,000 | $ 115,000 |
| Pike, Pennsylvania | 2 | $ 436,000 | $ 218,000 | $ 86,000 |
| San Diego, California | 1 | $ 249,000 | $ 249,000 | $ 131,000 |
| Sussex, Delaware | 1 | $ 155,000 | $ 155,000 | $ 60,000 |
| Bay, Florida | 1 | $ 227,000 | $ 227,000 | $ 69,000 |
| Brevard, Florida | 1 | $ 229,000 | $ 229,000 | $ 93,000 |
| Charlotte, Florida | 1 | $ 144,000 | $ 144,000 | $ 53,000 |
| Hillsborough, Florida | 1 | $ 170,000 | $ 170,000 | $ 61,000 |
| Manatee, Florida | 1 | $ 275,000 | $ 275,000 | $ 103,000 |
| Marion, Florida | 1 | $ 153,000 | $ 153,000 | $ 68,000 |
| Martin, Florida | 1 | $ 224,000 | $ 224,000 | $ 71,000 |
| St. Johns, Florida | 1 | $ 400,000 | $ 400,000 | $ 84,000 |
| Volusia, Florida | 1 | $ 93,000 | $ 93,000 | $ 113,000 |
| Cobb, Georgia | 1 | $ 146,000 | $ 146,000 | $ 87,000 |
| Mitchell, Georgia | 1 | $ 107,000 | $ 107,000 | $ 0 |
| Caddo, Louisiana | 1 | $ 98,000 | $ 98,000 | $ 0 |
| Calvert, Maryland | 1 | $ 297,000 | $ 297,000 | $ 133,000 |
| Berkshire, Massachusetts | 1 | $ 656,000 | $ 656,000 | $ 684,000 |
| Bristol, Massachusetts | 1 | $ 264,000 | $ 264,000 | $ 195,000 |
| Middlesex, Massachusetts | 1 | $ 415,000 | $ 415,000 | $ 107,000 |
| Jackson, Michigan | 1 | $ 228,000 | $ 228,000 | $ 0 |
| Missaukee, Michigan | 1 | $ 58,000 | $ 58,000 | $ 0 |
| Cape May, New Jersey | 1 | $ 116,000 | $ 116,000 | $ 64,000 |
| Hunterdon, New Jersey | 1 | $ 216,000 | $ 216,000 | $ 58,000 |
| Mercer, New Jersey | 1 | $ 47,000 | $ 47,000 | $ 0 |
| Franklin, New York | 1 | $ 129,000 | $ 129,000 | $ 119,000 |
| Fulton, New York | 1 | $ 64,000 | $ 64,000 | $ 35,000 |
| Hamilton, New York | 1 | $ 128,000 | $ 128,000 | $ 222,000 |
| Oswego, New York | 1 | $ 157,000 | $ 157,000 | $ 69,000 |
| Otsego, New York | 1 | $ 157,000 | $ 157,000 | $ 59,000 |
| Seneca, New York | 1 | $ 77,000 | $ 77,000 | $ 57,000 |
| St. Lawrence, New York | 1 | $ 116,000 | $ 116,000 | $ 86,000 |
| Steuben, New York | 1 | $ 135,000 | $ 135,000 | $ 85,000 |
| Tioga, New York | 1 | $ 157,000 | $ 157,000 | $ 57,000 |
| Brunswick, North Carolina | 1 | $ 218,000 | $ 218,000 | $ 68,000 |
| Buncombe, North Carolina | 1 | $ 187,000 | $ 187,000 | $ 107,000 |
| Guilford, North Carolina | 1 | $ 82,000 | $ 82,000 | $ 64,000 |
| Iredell, North Carolina | 1 | $ 417,000 | $ 417,000 | $ 146,000 |
| Wake, North Carolina | 1 | $ 124,000 | $ 124,000 | $ 73,000 |
| Allegheny, Pennsylvania | 1 | $ 58,000 | $ 58,000 | $ 471,000 |
| Berks, Pennsylvania | 1 | $ 140,000 | $ 140,000 | $ 81,000 |
| Carbon, Pennsylvania | 1 | $ 65,000 | $ 65,000 | $ 125,000 |
| Centre, Pennsylvania | 1 | $ 389,000 | $ 389,000 | $ 128,000 |
| Northumberland, Pennsylvania | 1 | $ 357,000 | $ 357,000 | $ 208,000 |
| Philadelphia, Pennsylvania | 1 | $ 196,000 | $ 196,000 | $ 84,000 |
| Wayne, Pennsylvania | 1 | $ 75,000 | $ 75,000 | $ 143,000 |
| Westmoreland, Pennsylvania | 1 | $ 144,000 | $ 144,000 | $ 94,000 |
| Anderson, South Carolina | 1 | $ 108,000 | $ 108,000 | $ 109,000 |
| Charleston, South Carolina | 1 | $ 263,000 | $ 263,000 | $ 110,000 |
| Horry, South Carolina | 1 | $ 213,000 | $ 213,000 | $ 124,000 |
| Lancaster, South Carolina | 1 | $ 100,000 | $ 100,000 | $ 140,000 |
| Richland, South Carolina | 1 | $ 76,000 | $ 76,000 | $ 87,000 |
| Brazoria, Texas | 1 | $ 116,000 | $ 116,000 | $ 56,000 |
| Hidalgo, Texas | 1 | $ 157,000 | $ 157,000 | $ 56,000 |
| Bennington, Vermont | 1 | $ 323,000 | $ 323,000 | $ 115,000 |
Mortgage Loan Application Detail Totals for Continental Home Loans Inc. in 2014
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 | 3,570 | $1,086,222,000 | $304,000 | $1,485,000 | $109,000 | $870,000 |
| Refinancing | 664 | $201,510,000 | $303,000 | $1,383,000 | $115,000 | $694,000 |
| 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 | 2,539 | $773,228,000 | $304,000 | $1,485,000 | $119,000 | $786,000 |
| Hispanic | 569 | $161,271,000 | $283,000 | $863,000 | $89,000 | $447,000 |
| Black or African American | 558 | $173,381,000 | $310,000 | $1,000,000 | $94,000 | $870,000 |
| Not Provided | 371 | $120,070,000 | $323,000 | $941,000 | $116,000 | $783,000 |
| Asian | 174 | $52,045,000 | $299,000 | $1,383,000 | $97,000 | $401,000 |
| Native Hawaiian or Other Pacific Islander | 12 | $4,164,000 | $347,000 | $750,000 | $109,000 | $264,000 |
| American Indian or Alaskan Native | 11 | $3,573,000 | $324,000 | $520,000 | $83,000 | $145,000 |
| 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) | 2,602 | $791,692,000 | $304,000 | $1,485,000 | $120,000 | $870,000 |
| FHA-insured (Federal Housing Administration) | 1,480 | $448,121,000 | $302,000 | $1,224,000 | $94,000 | $623,000 |
| VA-guaranteed (Veterans Administration) | 145 | $46,703,000 | $322,000 | $929,000 | $100,000 | $228,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $1,216,000 | $173,000 | $194,000 | $54,000 | $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 | 3,427 | $1,062,137,000 | $309,000 | $1,383,000 | $113,000 | $870,000 |
| Application Approved But Not Accepted | 296 | $84,919,000 | $286,000 | $1,485,000 | $105,000 | $786,000 |
| Application Denied By Financial Institution | 222 | $56,837,000 | $256,000 | $1,040,000 | $85,000 | $759,000 |
| Application Withdrawn By Applicant | 207 | $61,529,000 | $297,000 | $1,224,000 | $111,000 | $642,000 |
| File Closed For Incompleteness | 81 | $22,190,000 | $273,000 | $945,000 | $94,000 | $479,000 |
| Loan Purchased By The Institution | 1 | $120,000 | $120,000 | $120,000 | $99,000 | $99,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 77 | $23,063,000 | $299,000 | $1,040,000 | $72,000 | $359,000 |
| Other | 63 | $13,146,000 | $208,000 | $884,000 | $96,000 | $759,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 28 | $7,025,000 | $250,000 | $560,000 | $85,000 | $149,000 |
| Collateral | 23 | $6,211,000 | $270,000 | $636,000 | $88,000 | $186,000 |
| Credit History | 18 | $4,404,000 | $244,000 | $532,000 | $93,000 | $235,000 |
| Unverifiable Information | 5 | $935,000 | $187,000 | $280,000 | $65,000 | $102,000 |
| Mortgage Insurance Denied | 1 | $280,000 | $280,000 | $280,000 | $133,000 | $133,000 |
| Employment History | 1 | $760,000 | $760,000 | $760,000 | $268,000 | $268,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Continental Home Loans Inc.'s 2014 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 Continental Home Loans 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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