Elegen Home Lending, LP Mortgage Lending & HMDA Data, 2006
In 2006, Elegen Home Lending, LP of Miamisburg, OH reported 352 mortgage applications totaling $61.6 million. The average application was for $175,096, and applicants reported an average income of $93,144. 66% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Sacramento--Arden-Arcade--Roseville, CA (335), Reno-Sparks, NV (13) and Modesto, CA (1) (applications in parentheses).
| Mortgage Company & Address | Elegen Home Lending, LP 3232 Newmark Dr. Miamisburg, OH 45342 |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 |
| Total Number of Mortgage Applications | 352 |
| Total Mortgage Loan Application Amount | $61,634,000 |
| Average Mortgage Loan Application Amount | $175,096 |
| Highest Mortgage Loan Application Amount | $528,000 |
| Average Applicant Income | $93,144 |
| Highest Applicant Income | $1,545,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Elegen Home Lending, LP filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Sacramento--Arden-Arcade--Roseville, CA | 335 | $ 59,114,000 | $ 176,459 | $ 93,000 |
| Reno-Sparks, NV | 13 | $ 1,372,000 | $ 105,538 | $ 97,000 |
| Modesto, CA | 1 | $ 268,000 | $ 268,000 | $ 0 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 415,000 | $ 415,000 | $ 151,000 |
| Stockton, CA | 1 | $ 155,000 | $ 155,000 | $ 54,000 |
| Yuba City, CA | 1 | $ 310,000 | $ 310,000 | $ 63,000 |
Mortgage Loan Application Detail Totals for Elegen Home Lending, LP 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 | 337 | $57,575,000 | $170,000 | $520,000 | $88,000 | $1,104,000 |
| Refinancing | 14 | $4,009,000 | $286,000 | $528,000 | $215,000 | $1,545,000 |
| Home Improvement | 1 | $50,000 | $50,000 | $50,000 | $121,000 | $121,000 |
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 | 220 | $38,060,000 | $173,000 | $528,000 | $83,000 | $1,104,000 |
| Not Provided | 72 | $12,786,000 | $177,000 | $328,000 | $117,000 | $1,545,000 |
| Asian | 24 | $4,419,000 | $184,000 | $288,000 | $104,000 | $235,000 |
| Hispanic | 16 | $2,899,000 | $181,000 | $288,000 | $130,000 | $450,000 |
| Black or African American | 14 | $2,478,000 | $177,000 | $311,000 | $77,000 | $216,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $642,000 | $160,000 | $310,000 | $64,000 | $65,000 |
| American Indian or Alaskan Native | 2 | $350,000 | $175,000 | $280,000 | $91,000 | $91,000 |
| 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) | 348 | $61,114,000 | $175,000 | $528,000 | $93,000 | $1,545,000 |
| FHA-insured (Federal Housing Administration) | 4 | $520,000 | $130,000 | $311,000 | $90,000 | $216,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 233 | $40,814,000 | $175,000 | $520,000 | $87,000 | $450,000 |
| Application Approved But Not Accepted | 60 | $10,488,000 | $174,000 | $328,000 | $86,000 | $300,000 |
| Application Withdrawn By Applicant | 27 | $4,861,000 | $180,000 | $528,000 | $138,000 | $1,545,000 |
| Application Denied By Financial Institution | 20 | $3,311,000 | $165,000 | $414,000 | $146,000 | $1,104,000 |
| File Closed For Incompleteness | 11 | $2,060,000 | $187,000 | $320,000 | $63,000 | $108,000 |
| Preapproval Denied by Financial Institution | 1 | $100,000 | $100,000 | $100,000 | $30,000 | $30,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 9 | $1,448,000 | $160,000 | $288,000 | $73,000 | $158,000 |
| Credit History | 7 | $1,230,000 | $175,000 | $414,000 | $99,000 | $254,000 |
| Credit Application Incomplete | 4 | $700,000 | $175,000 | $310,000 | $361,000 | $1,104,000 |
| Other | 1 | $33,000 | $33,000 | $33,000 | $147,000 | $147,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Elegen Home Lending, LP'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 Elegen Home Lending, LP'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 Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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