Continental Home Loans Inc. Mortgage Lending & HMDA Data, 2006
In 2006, Continental Home Loans Inc. of Melville, NY reported 1,648 mortgage applications totaling $358.7 million. The average application was for $217,679, and applicants reported an average income of $104,097. 71% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Nassau-Suffolk, NY (1,021), Charlotte-Gastonia-Concord, NC-SC (333) and New York-White Plains-Wayne, NY-NJ (197) (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 | 1,648 |
| Total Mortgage Loan Application Amount | $358,735,000 |
| Average Mortgage Loan Application Amount | $217,679 |
| Highest Mortgage Loan Application Amount | $2,210,000 |
| Average Applicant Income | $104,097 |
| Highest Applicant Income | $2,592,000 |
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records Continental Home Loans Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 856 | $ 200,767,000 | $ 234,540 | $ 115,000 |
| Union, North Carolina | 167 | $ 20,168,000 | $ 120,766 | $ 55,000 |
| Nassau, New York | 165 | $ 44,784,000 | $ 271,418 | $ 157,000 |
| Mecklenburg, North Carolina | 123 | $ 13,665,000 | $ 111,097 | $ 57,000 |
| Queens, New York | 97 | $ 24,031,000 | $ 247,742 | $ 94,000 |
| Kings, New York | 44 | $ 14,424,000 | $ 327,818 | $ 130,000 |
| Bronx, New York | 24 | $ 6,203,000 | $ 258,458 | $ 90,000 |
| Gaston, North Carolina | 14 | $ 1,638,000 | $ 117,000 | $ 90,000 |
| Cabarrus, North Carolina | 13 | $ 1,814,000 | $ 139,538 | $ 55,000 |
| York, South Carolina | 11 | $ 1,391,000 | $ 126,454 | $ 53,000 |
| Richmond, New York | 10 | $ 2,736,000 | $ 273,600 | $ 44,000 |
| Orange, New York | 9 | $ 2,227,000 | $ 247,444 | $ 84,000 |
| Putnam, New York | 7 | $ 1,276,000 | $ 182,285 | $ 127,000 |
| Westchester, New York | 7 | $ 3,239,000 | $ 462,714 | $ 124,000 |
| Palm Beach, Florida | 5 | $ 1,224,000 | $ 244,800 | $ 225,000 |
| Anson, North Carolina | 5 | $ 345,000 | $ 69,000 | $ 20,000 |
| Horry, South Carolina | 5 | $ 999,000 | $ 199,800 | $ 55,000 |
| Brunswick, North Carolina | 4 | $ 1,142,000 | $ 285,500 | $ 124,000 |
| Fairfield, Connecticut | 3 | $ 749,000 | $ 249,666 | $ 48,000 |
| Lee, Florida | 3 | $ 320,000 | $ 106,666 | $ 24,000 |
| Orange, Florida | 3 | $ 343,000 | $ 114,333 | $ 100,000 |
| Hudson, New Jersey | 3 | $ 360,000 | $ 120,000 | $ 32,000 |
| Monmouth, New Jersey | 3 | $ 1,099,000 | $ 366,333 | $ 294,000 |
| Dutchess, New York | 3 | $ 735,000 | $ 245,000 | $ 167,000 |
| Sullivan, New York | 3 | $ 234,000 | $ 78,000 | $ 102,000 |
| Wake, North Carolina | 3 | $ 476,000 | $ 158,666 | $ 80,000 |
| Osceola, Florida | 2 | $ 582,000 | $ 291,000 | $ 116,000 |
| Bergen, New Jersey | 2 | $ 674,000 | $ 337,000 | $ 56,000 |
| Cape May, New Jersey | 2 | $ 180,000 | $ 90,000 | $ 73,000 |
| Greene, New York | 2 | $ 812,000 | $ 406,000 | $ 0 |
| New York, New York | 2 | $ 956,000 | $ 478,000 | $ 216,000 |
| Cumberland, North Carolina | 2 | $ 199,000 | $ 99,500 | $ 44,000 |
| Currituck, North Carolina | 2 | $ 743,000 | $ 371,500 | $ 0 |
| Haywood, North Carolina | 2 | $ 350,000 | $ 175,000 | $ 168,000 |
| Iredell, North Carolina | 2 | $ 409,000 | $ 204,500 | $ 59,000 |
| Stanly, North Carolina | 2 | $ 124,000 | $ 62,000 | $ 46,000 |
| Chesterfield, South Carolina | 2 | $ 187,000 | $ 93,500 | $ 45,000 |
| Greenwood, South Carolina | 2 | $ 84,000 | $ 42,000 | $ 0 |
| Sevier, Tennessee | 2 | $ 538,000 | $ 269,000 | $ 0 |
| Sullivan, Tennessee | 2 | $ 175,000 | $ 87,500 | $ 37,000 |
| Litchfield, Connecticut | 1 | $ 390,000 | $ 390,000 | $ 115,000 |
| New Castle, Delaware | 1 | $ 318,000 | $ 318,000 | $ 0 |
| Hillsborough, Florida | 1 | $ 115,000 | $ 115,000 | $ 125,000 |
| Indian River, Florida | 1 | $ 234,000 | $ 234,000 | $ 0 |
| Monroe, Florida | 1 | $ 96,000 | $ 96,000 | $ 180,000 |
| Polk, Florida | 1 | $ 192,000 | $ 192,000 | $ 61,000 |
| St. Lucie, Florida | 1 | $ 220,000 | $ 220,000 | $ 240,000 |
| Newton, Georgia | 1 | $ 136,000 | $ 136,000 | $ 24,000 |
| Howard, Maryland | 1 | $ 170,000 | $ 170,000 | $ 61,000 |
| Barnstable, Massachusetts | 1 | $ 363,000 | $ 363,000 | $ 0 |
| Atlantic, New Jersey | 1 | $ 379,000 | $ 379,000 | $ 0 |
| Burlington, New Jersey | 1 | $ 356,000 | $ 356,000 | $ 0 |
| Essex, New Jersey | 1 | $ 372,000 | $ 372,000 | $ 144,000 |
| Middlesex, New Jersey | 1 | $ 350,000 | $ 350,000 | $ 106,000 |
| Ocean, New Jersey | 1 | $ 272,000 | $ 272,000 | $ 0 |
| Delaware, New York | 1 | $ 363,000 | $ 363,000 | $ 0 |
| Otsego, New York | 1 | $ 268,000 | $ 268,000 | $ 96,000 |
| Rensselaer, New York | 1 | $ 132,000 | $ 132,000 | $ 0 |
| Rockland, New York | 1 | $ 100,000 | $ 100,000 | $ 91,000 |
| Ashe, North Carolina | 1 | $ 114,000 | $ 114,000 | $ 0 |
| Lincoln, North Carolina | 1 | $ 118,000 | $ 118,000 | $ 43,000 |
| New Hanover, North Carolina | 1 | $ 183,000 | $ 183,000 | $ 0 |
| Pender, North Carolina | 1 | $ 422,000 | $ 422,000 | $ 205,000 |
| Pitt, North Carolina | 1 | $ 70,000 | $ 70,000 | $ 0 |
| Stokes, North Carolina | 1 | $ 50,000 | $ 50,000 | $ 53,000 |
| Lackawanna, Pennsylvania | 1 | $ 140,000 | $ 140,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Continental Home Loans Inc. in 2006
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 | 1,155 | $240,974,000 | $208,000 | $2,210,000 | $96,000 | $1,555,000 |
| Refinancing | 492 | $117,443,000 | $238,000 | $1,500,000 | $123,000 | $2,592,000 |
| Home Improvement | 1 | $318,000 | $318,000 | $318,000 | $157,000 | $157,000 |
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 | 1,162 | $255,312,000 | $219,000 | $2,210,000 | $113,000 | $2,592,000 |
| Hispanic | 213 | $45,941,000 | $215,000 | $564,000 | $78,000 | $204,000 |
| Black or African American | 209 | $43,569,000 | $208,000 | $646,000 | $77,000 | $300,000 |
| Asian | 36 | $6,766,000 | $187,000 | $640,000 | $100,000 | $250,000 |
| Not Provided | 18 | $4,031,000 | $223,000 | $674,000 | $121,000 | $415,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $2,403,000 | $400,000 | $1,000,000 | $259,000 | $534,000 |
| American Indian or Alaskan Native | 4 | $713,000 | $178,000 | $320,000 | $99,000 | $153,000 |
| 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) | 1,434 | $312,120,000 | $217,000 | $2,210,000 | $112,000 | $2,592,000 |
| FHA-insured (Federal Housing Administration) | 185 | $41,508,000 | $224,000 | $478,000 | $52,000 | $157,000 |
| VA-guaranteed (Veterans Administration) | 28 | $4,736,000 | $169,000 | $342,000 | $52,000 | $116,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $371,000 | $371,000 | $371,000 | $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 | 1,175 | $251,348,000 | $213,000 | $2,210,000 | $108,000 | $2,592,000 |
| Application Withdrawn By Applicant | 298 | $68,596,000 | $230,000 | $1,000,000 | $95,000 | $752,000 |
| Application Approved But Not Accepted | 100 | $24,302,000 | $243,000 | $1,500,000 | $107,000 | $864,000 |
| Application Denied By Financial Institution | 47 | $7,858,000 | $167,000 | $424,000 | $71,000 | $240,000 |
| File Closed For Incompleteness | 27 | $6,556,000 | $242,000 | $646,000 | $103,000 | $504,000 |
| Preapproval Approved but not Accepted | 1 | $75,000 | $75,000 | $75,000 | $59,000 | $59,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 18 | $2,989,000 | $166,000 | $363,000 | $66,000 | $180,000 |
| Collateral | 7 | $989,000 | $141,000 | $312,000 | $93,000 | $240,000 |
| Credit History | 6 | $836,000 | $139,000 | $242,000 | $51,000 | $80,000 |
| Employment History | 5 | $955,000 | $191,000 | $306,000 | $65,000 | $119,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,001,000 | $250,000 | $412,000 | $88,000 | $155,000 |
| Other | 4 | $520,000 | $130,000 | $225,000 | $44,000 | $95,000 |
| Unverifiable Information | 2 | $144,000 | $72,000 | $121,000 | $113,000 | $113,000 |
| 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 Continental Home Loans Inc.'s 2006 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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About