Equity Financial Mortgage, Inc Mortgage Lending & HMDA Data, 2006
In 2006, Equity Financial Mortgage, Inc of Bowling Green, KY reported 129 mortgage applications totaling $12.1 million, up 1073% from 2005. The average application was for $93,906, and applicants reported an average income of $38,682. 78% of its applications resulted in an originated loan and 5% were denied. Its largest market was Bowling Green, KY (74).
| Mortgage Company & Address | Equity Financial Mortgage, Inc 1278 Campbell Lane, Suite 102 Bowling Green, KY 42104 |
| Federal Regulator | * available with data download |
| Years | 2006 2005 |
| Total Number of Mortgage Applications | 129 |
| Total Mortgage Loan Application Amount | $12,114,000 |
| Average Mortgage Loan Application Amount | $93,906 |
| Highest Mortgage Loan Application Amount | $197,000 |
| Average Applicant Income | $38,682 |
| Highest Applicant Income | $95,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Equity Financial Mortgage, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Warren, Kentucky | 89 | $ 8,902,000 | $ 100,022 | $ 39,000 |
| Logan, Kentucky | 14 | $ 1,239,000 | $ 88,500 | $ 40,000 |
| Allen, Kentucky | 10 | $ 767,000 | $ 76,700 | $ 34,000 |
| Simpson, Kentucky | 7 | $ 543,000 | $ 77,571 | $ 41,000 |
| Barren, Kentucky | 6 | $ 485,000 | $ 80,833 | $ 44,000 |
| Adair, Kentucky | 1 | $ 59,000 | $ 59,000 | $ 21,000 |
| Butler, Kentucky | 1 | $ 60,000 | $ 60,000 | $ 24,000 |
| Russell, Kentucky | 1 | $ 59,000 | $ 59,000 | $ 25,000 |
Mortgage Loan Application Detail Totals for Equity Financial Mortgage, 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 | 125 | $11,801,000 | $94,000 | $197,000 | $38,000 | $95,000 |
| Refinancing | 4 | $313,000 | $78,000 | $106,000 | $60,000 | $90,000 |
| 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 | 116 | $10,793,000 | $93,000 | $197,000 | $39,000 | $95,000 |
| Hispanic | 8 | $817,000 | $102,000 | $146,000 | $34,000 | $51,000 |
| Black or African American | 4 | $403,000 | $100,000 | $153,000 | $34,000 | $56,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $101,000 | $101,000 | $101,000 | $32,000 | $32,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 129 | $12,114,000 | $93,000 | $197,000 | $38,000 | $95,000 |
| 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 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 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 | 101 | $9,702,000 | $96,000 | $197,000 | $39,000 | $92,000 |
| Application Withdrawn By Applicant | 21 | $1,882,000 | $89,000 | $137,000 | $39,000 | $95,000 |
| Application Denied By Financial Institution | 7 | $530,000 | $75,000 | $123,000 | $35,000 | $61,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 3 | $300,000 | $100,000 | $123,000 | $48,000 | $61,000 |
| Employment History | 1 | $50,000 | $50,000 | $50,000 | $16,000 | $16,000 |
| Credit History | 1 | $69,000 | $69,000 | $69,000 | $24,000 | $24,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Equity Financial Mortgage, 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 Equity Financial Mortgage, 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 Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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