Equitable Mortgage Mortgage Lending & HMDA Data, 2017
In 2017, Equitable Mortgage of Springfield, MO reported 980 mortgage applications totaling $126.0 million, up 4% from 2016. The average application was for $128,540, and applicants reported an average income of $65,259. 54% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Springfield, MO (168), Kansas City, MO-KS (105) and St. Louis, MO-IL (72) (applications in parentheses).
| Mortgage Company & Address | Equitable Mortgage 909 E Republic Road B200 Springfield, MO 65807 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 |
| Total Number of Mortgage Applications | 980 |
| Total Mortgage Loan Application Amount | $125,970,000 |
| Average Mortgage Loan Application Amount | $128,540 |
| Highest Mortgage Loan Application Amount | $900,000 |
| Average Applicant Income | $65,259 |
| Highest Applicant Income | $820,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Equitable Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Springfield, MO | 168 | $ 21,364,000 | $ 127,166 | $ 58,000 |
| Kansas City, MO-KS | 105 | $ 16,299,000 | $ 155,228 | $ 82,685 |
| St. Louis, MO-IL | 72 | $ 11,272,000 | $ 156,555 | $ 84,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 25 | $ 3,955,000 | $ 158,200 | $ 82,840 |
| Fort Smith, AR-OK | 22 | $ 2,457,000 | $ 111,681 | $ 60,000 |
| Pine Bluff, AR | 22 | $ 4,116,000 | $ 187,090 | $ 79,000 |
| Little Rock-North Little Rock-Conway, AR | 21 | $ 2,855,000 | $ 135,952 | $ 68,000 |
| Joplin, MO | 18 | $ 2,070,000 | $ 115,000 | $ 59,000 |
| Jefferson City, MO | 11 | $ 1,147,000 | $ 104,272 | $ 73,000 |
| Jonesboro, AR | 8 | $ 887,000 | $ 110,875 | $ 55,000 |
| Columbia, MO | 6 | $ 1,025,000 | $ 170,833 | $ 57,000 |
| Hot Springs, AR | 2 | $ 170,000 | $ 85,000 | $ 46,000 |
| St. Joseph, MO-KS | 2 | $ 381,000 | $ 190,500 | $ 77,000 |
| Cape Girardeau, MO-IL | 1 | $ 257,000 | $ 257,000 | $ 66,000 |
Mortgage Loan Application Detail Totals for Equitable Mortgage 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 | 657 | $78,221,000 | $119,000 | $708,000 | $58,000 | $537,000 |
| Refinancing | 322 | $47,528,000 | $147,000 | $900,000 | $80,000 | $820,000 |
| Home Improvement | 1 | $221,000 | $221,000 | $221,000 | $88,000 | $88,000 |
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 | 713 | $91,418,000 | $128,000 | $900,000 | $64,000 | $537,000 |
| Not Provided | 237 | $31,541,000 | $133,000 | $400,000 | $71,000 | $820,000 |
| Black or African American | 12 | $1,185,000 | $98,000 | $159,000 | $44,000 | $88,000 |
| Hispanic | 12 | $1,136,000 | $94,000 | $146,000 | $40,000 | $69,000 |
| Asian | 4 | $438,000 | $109,000 | $187,000 | $37,000 | $78,000 |
| American Indian or Alaskan Native | 1 | $116,000 | $116,000 | $116,000 | $58,000 | $58,000 |
| Not applicable | 1 | $136,000 | $136,000 | $136,000 | $67,000 | $67,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 509 | $74,242,000 | $145,000 | $900,000 | $82,000 | $820,000 |
| FHA-insured (Federal Housing Administration) | 214 | $25,019,000 | $116,000 | $277,000 | $52,000 | $167,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 198 | $18,788,000 | $94,000 | $186,000 | $40,000 | $90,000 |
| VA-guaranteed (Veterans Administration) | 59 | $7,921,000 | $134,000 | $418,000 | $54,000 | $130,000 |
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 | 528 | $68,330,000 | $129,000 | $420,000 | $68,000 | $820,000 |
| Application Withdrawn By Applicant | 265 | $35,618,000 | $134,000 | $900,000 | $71,000 | $622,000 |
| Application Denied By Financial Institution | 181 | $20,893,000 | $115,000 | $418,000 | $46,000 | $216,000 |
| File Closed For Incompleteness | 6 | $1,129,000 | $188,000 | $408,000 | $119,000 | $211,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 69 | $7,101,000 | $102,000 | $250,000 | $47,000 | $216,000 |
| Debt-To-Income Ratio | 53 | $6,424,000 | $121,000 | $299,000 | $44,000 | $201,000 |
| Other | 11 | $1,311,000 | $119,000 | $248,000 | $44,000 | $111,000 |
| Unverifiable Information | 3 | $302,000 | $100,000 | $119,000 | $63,000 | $75,000 |
| Collateral | 3 | $273,000 | $91,000 | $112,000 | $36,000 | $58,000 |
| Employment History | 1 | $327,000 | $327,000 | $327,000 | $122,000 | $122,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Equitable Mortgage'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 Equitable Mortgage'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 Missouri, download the full spreadsheet
with aggregated HMDA statistics today.
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