Hunt Mortgage Corporation Mortgage Lending & HMDA Data, 2017

In 2017, Hunt Mortgage Corporation of Buffalo, NY reported 2,017 mortgage applications totaling $321.9 million, up 15% from 2016. The average application was for $159,594, and applicants reported an average income of $82,272. 80% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Buffalo-Cheektowaga-Niagara Falls, NY (1,171), Syracuse, NY (277) and Rochester, NY (140) (applications in parentheses).

Mortgage Company & Address Hunt Mortgage Corporation
5400 Broadway Street
Buffalo, NY 14203
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  
Total Number of Mortgage Applications 2,017
Total Mortgage Loan Application Amount $321,903,000
Average Mortgage Loan Application Amount $159,594
Highest Mortgage Loan Application Amount $920,000
Average Applicant Income $82,272
Highest Applicant Income $2,500,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hunt Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Hunt Mortgage Corporation in 2017

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 1,914 $304,703,000 $159,000 $920,000 $82,000 $2,500,000
Home Improvement 78 $13,050,000 $167,000 $377,000 $90,000 $381,000
Refinancing 25 $4,150,000 $166,000 $317,000 $79,000 $175,000

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 1,798 $290,421,000 $161,000 $920,000 $84,000 $2,500,000
Black or African American 73 $9,953,000 $136,000 $375,000 $63,000 $282,000
Asian 58 $7,739,000 $133,000 $424,000 $72,000 $550,000
Hispanic 56 $8,008,000 $143,000 $424,000 $69,000 $198,000
Not Provided 19 $4,074,000 $214,000 $385,000 $72,000 $148,000
American Indian or Alaskan Native 11 $1,458,000 $132,000 $245,000 $55,000 $128,000
Native Hawaiian or Other Pacific Islander 2 $250,000 $125,000 $143,000 $49,000 $73,000
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) 1,172 $189,970,000 $162,000 $920,000 $94,000 $2,500,000
FHA-insured (Federal Housing Administration) 607 $84,412,000 $139,000 $359,000 $63,000 $372,000
VA-guaranteed (Veterans Administration) 204 $43,430,000 $212,000 $453,000 $76,000 $225,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 34 $4,091,000 $120,000 $244,000 $49,000 $76,000

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 1,620 $255,829,000 $157,000 $712,000 $82,000 $2,500,000
Application Denied By Financial Institution 151 $23,645,000 $156,000 $920,000 $85,000 $1,176,000
Application Withdrawn By Applicant 113 $20,277,000 $179,000 $578,000 $98,000 $1,232,000
Preapproval Approved but not Accepted 66 $11,690,000 $177,000 $400,000 $73,000 $175,000
Application Approved But Not Accepted 39 $6,192,000 $158,000 $400,000 $83,000 $325,000
Preapproval Denied by Financial Institution 28 $4,270,000 $152,000 $405,000 $61,000 $197,000
File Closed For Incompleteness 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 32 $4,397,000 $137,000 $275,000 $60,000 $577,000
Other 32 $6,084,000 $190,000 $920,000 $113,000 $1,176,000
Collateral 27 $4,267,000 $158,000 $403,000 $89,000 $255,000
Credit History 23 $2,717,000 $118,000 $260,000 $81,000 $370,000
Insufficient Cash (Downpayment, Closing Cost) 16 $2,383,000 $148,000 $353,000 $58,000 $138,000
Unverifiable Information 11 $1,714,000 $155,000 $285,000 $74,000 $197,000
Employment History 7 $974,000 $139,000 $172,000 $65,000 $124,000
Credit Application Incomplete 6 $958,000 $159,000 $193,000 $76,000 $93,000
Mortgage Insurance Denied 1 $347,000 $347,000 $347,000 $137,000 $137,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Hunt Mortgage Corporation's 2017 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 Hunt Mortgage Corporation'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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