Equity Resources Inc Mortgage Lending & HMDA Data, 2006

In 2006, Equity Resources Inc of Newark, OH reported 5,681 mortgage applications totaling $592.5 million, up 568000% from 2005. The average application was for $104,292, and applicants reported an average income of $47,474. 45% of its applications resulted in an originated loan and 48% were denied. Its largest markets were Columbus, OH (1,486), Cincinnati-Middletown, OH-KY-IN (787) and Pittsburgh, PA (762) (applications in parentheses).

Mortgage Company & Address Equity Resources Inc
Po Box 5177
Newark, OH 43055
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 5,681
Total Mortgage Loan Application Amount $592,486,000
Average Mortgage Loan Application Amount $104,292
Highest Mortgage Loan Application Amount $909,000
Average Applicant Income $47,474
Highest Applicant Income $1,025,000

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Act (HMDA) records Equity Resources Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Mortgage Loan Application Totals for Equity Resources Inc by County in 2006

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Franklin, Ohio 658 $ 62,748,000 $ 95,361 $ 49,000
Licking, Ohio 446 $ 40,959,000 $ 91,836 $ 54,000
Allegheny, Pennsylvania 363 $ 31,979,000 $ 88,096 $ 49,000
Hamilton, Ohio 323 $ 33,412,000 $ 103,442 $ 46,000
Butler, Ohio 195 $ 22,924,000 $ 117,558 $ 52,000
Fairfield, Ohio 183 $ 17,864,000 $ 97,617 $ 62,000
Washington, Pennsylvania 167 $ 17,342,000 $ 103,844 $ 47,000
Polk, Florida 148 $ 18,495,000 $ 124,966 $ 34,000
Muskingum, Ohio 132 $ 9,566,000 $ 72,469 $ 37,000
Delaware, Ohio 122 $ 18,301,000 $ 150,008 $ 74,000
Clermont, Ohio 118 $ 12,878,000 $ 109,135 $ 53,000
Montgomery, Ohio 114 $ 10,276,000 $ 90,140 $ 47,000
Richland, Ohio 114 $ 9,459,000 $ 82,973 $ 44,000
Westmoreland, Pennsylvania 107 $ 11,269,000 $ 105,317 $ 45,000
Osceola, Florida 93 $ 13,515,000 $ 145,322 $ 29,000
Coshocton, Ohio 90 $ 6,011,000 $ 66,788 $ 38,000
Knox, Ohio 86 $ 6,998,000 $ 81,372 $ 44,000
Philadelphia, Pennsylvania 85 $ 7,192,000 $ 84,611 $ 35,000
Summit, Ohio 66 $ 7,204,000 $ 109,151 $ 35,000
Volusia, Florida 65 $ 7,450,000 $ 114,615 $ 7,000
Stark, Ohio 61 $ 5,383,000 $ 88,245 $ 33,000
Warren, Ohio 61 $ 7,263,000 $ 119,065 $ 62,000
Marion, Florida 57 $ 6,998,000 $ 122,771 $ 30,000
Beaver, Pennsylvania 57 $ 4,990,000 $ 87,543 $ 41,000
Clark, Ohio 56 $ 4,583,000 $ 81,839 $ 41,000
Lake, Florida 54 $ 7,141,000 $ 132,240 $ 48,000
Butler, Pennsylvania 52 $ 5,603,000 $ 107,750 $ 51,000
Cambria, Pennsylvania 48 $ 3,214,000 $ 66,958 $ 37,000
Bucks, Pennsylvania 46 $ 12,598,000 $ 273,869 $ 52,000
Perry, Ohio 44 $ 3,495,000 $ 79,431 $ 40,000
Pasco, Florida 42 $ 6,691,000 $ 159,309 $ 66,000
Lorain, Ohio 41 $ 5,673,000 $ 138,365 $ 54,000
Jefferson, Kentucky 39 $ 3,969,000 $ 101,769 $ 43,000
Crawford, Ohio 38 $ 3,064,000 $ 80,631 $ 45,000
Brevard, Florida 36 $ 4,362,000 $ 121,166 $ 44,000
Orange, Florida 34 $ 5,439,000 $ 159,970 $ 45,000
Cuyahoga, Ohio 34 $ 4,333,000 $ 127,441 $ 61,000
Portage, Ohio 34 $ 5,193,000 $ 152,735 $ 58,000
Montgomery, Pennsylvania 33 $ 7,016,000 $ 212,606 $ 58,000
Kenton, Kentucky 32 $ 3,234,000 $ 101,062 $ 62,000
Pickaway, Ohio 32 $ 3,202,000 $ 100,062 $ 60,000
Berks, Pennsylvania 31 $ 3,734,000 $ 120,451 $ 47,000
Darke, Ohio 30 $ 2,486,000 $ 82,866 $ 45,000
Marion, Ohio 30 $ 2,286,000 $ 76,200 $ 38,000
Trumbull, Ohio 30 $ 2,511,000 $ 83,700 $ 33,000
Duval, Florida 29 $ 3,083,000 $ 106,310 $ 52,000
Hillsborough, Florida 28 $ 3,223,000 $ 115,107 $ 61,000
Brown, Ohio 28 $ 2,004,000 $ 71,571 $ 32,000
Mahoning, Ohio 26 $ 1,931,000 $ 74,269 $ 28,000
Hernando, Florida 25 $ 2,719,000 $ 108,760 $ 42,000
Lucas, Ohio 25 $ 2,434,000 $ 97,360 $ 36,000
Lancaster, Pennsylvania 25 $ 3,791,000 $ 151,640 $ 35,000
Miami, Ohio 24 $ 1,618,000 $ 67,416 $ 35,000
Tuscarawas, Ohio 23 $ 1,595,000 $ 69,347 $ 37,000
Chester, Pennsylvania 23 $ 5,063,000 $ 220,130 $ 39,000
Greene, Ohio 22 $ 2,339,000 $ 106,318 $ 40,000
Marion, Indiana 21 $ 2,300,000 $ 109,523 $ 97,000
Champaign, Ohio 20 $ 1,424,000 $ 71,200 $ 37,000
Union, Ohio 19 $ 1,726,000 $ 90,842 $ 65,000
Boone, Kentucky 18 $ 2,170,000 $ 120,555 $ 43,000
Preble, Ohio 18 $ 1,682,000 $ 93,444 $ 31,000
Mecklenburg, North Carolina 17 $ 2,027,000 $ 119,235 $ 72,000
Medina, Ohio 16 $ 2,382,000 $ 148,875 $ 53,000
Monroe, Pennsylvania 16 $ 1,659,000 $ 103,687 $ 56,000
Somerset, Pennsylvania 16 $ 1,289,000 $ 80,562 $ 27,000
Citrus, Florida 15 $ 1,564,000 $ 104,266 $ 46,000
Seminole, Florida 15 $ 2,728,000 $ 181,866 $ 62,000
Ashland, Ohio 15 $ 1,348,000 $ 89,866 $ 49,000
Morrow, Ohio 15 $ 1,448,000 $ 96,533 $ 41,000
Ross, Ohio 15 $ 1,134,000 $ 75,600 $ 39,000
Fayette, Pennsylvania 15 $ 962,000 $ 64,133 $ 31,000
Lake, Ohio 14 $ 1,640,000 $ 117,142 $ 52,000
Dauphin, Pennsylvania 14 $ 1,695,000 $ 121,071 $ 28,000
Auglaize, Ohio 13 $ 1,122,000 $ 86,307 $ 59,000
Erie, Pennsylvania 13 $ 982,000 $ 75,538 $ 37,000
Indiana, Pennsylvania 13 $ 1,025,000 $ 78,846 $ 56,000
Campbell, Kentucky 12 $ 1,031,000 $ 85,916 $ 34,000
Highland, Ohio 12 $ 1,061,000 $ 88,416 $ 36,000
Indian River, Florida 11 $ 1,441,000 $ 131,000 $ 40,000
Madison, Ohio 11 $ 826,000 $ 75,090 $ 61,000
Clay, Florida 10 $ 1,069,000 $ 106,900 $ 28,000
Flagler, Florida 10 $ 1,551,000 $ 155,100 $ 54,000
Hamilton, Indiana 9 $ 1,146,000 $ 127,333 $ 122,000
Delaware, Pennsylvania 9 $ 876,000 $ 97,333 $ 62,000
Lehigh, Pennsylvania 9 $ 910,000 $ 101,111 $ 37,000
Nassau, Florida 8 $ 1,360,000 $ 170,000 $ 63,000
Palm Beach, Florida 8 $ 1,340,000 $ 167,500 $ 12,000
Belmont, Ohio 8 $ 659,000 $ 82,375 $ 66,000
Guernsey, Ohio 8 $ 447,000 $ 55,875 $ 36,000
Wood, Ohio 8 $ 1,203,000 $ 150,375 $ 61,000
Hocking, Ohio 7 $ 518,000 $ 74,000 $ 50,000
Lee, Florida 6 $ 1,141,000 $ 190,166 $ 66,000
Baltimore, Maryland 6 $ 1,440,000 $ 240,000 $ 70,000
Allen, Ohio 6 $ 437,000 $ 72,833 $ 105,000
Hancock, Ohio 6 $ 560,000 $ 93,333 $ 52,000
Jefferson, Ohio 6 $ 388,000 $ 64,666 $ 27,000
Sandusky, Ohio 6 $ 654,000 $ 109,000 $ 68,000
Wayne, Ohio 6 $ 719,000 $ 119,833 $ 48,000
Baker, Florida 5 $ 633,000 $ 126,600 $ 85,000
Okeechobee, Florida 5 $ 530,000 $ 106,000 $ 10,000
Columbiana, Ohio 5 $ 330,000 $ 66,000 $ 52,000
Huron, Ohio 5 $ 585,000 $ 117,000 $ 199,000
Logan, Ohio 5 $ 590,000 $ 118,000 $ 57,000
Blair, Pennsylvania 5 $ 270,000 $ 54,000 $ 26,000
Miami-Dade, Florida 4 $ 557,000 $ 139,250 $ 49,000
Sarasota, Florida 4 $ 348,000 $ 87,000 $ 80,000
St. Lucie, Florida 4 $ 641,000 $ 160,250 $ 77,000
Wake, North Carolina 4 $ 427,000 $ 106,750 $ 0
Ashtabula, Ohio 4 $ 494,000 $ 123,500 $ 30,000
Athens, Ohio 4 $ 295,000 $ 73,750 $ 47,000
Erie, Ohio 4 $ 279,000 $ 69,750 $ 29,000
Fayette, Ohio 4 $ 434,000 $ 108,500 $ 40,000
Morgan, Ohio 4 $ 370,000 $ 92,500 $ 55,000
Pike, Ohio 4 $ 449,000 $ 112,250 $ 49,000
Pinellas, Florida 3 $ 440,000 $ 146,666 $ 163,000
Breckinridge, Kentucky 3 $ 130,000 $ 43,333 $ 32,000
Clinton, Ohio 3 $ 365,000 $ 121,666 $ 61,000
Hardin, Ohio 3 $ 177,000 $ 59,000 $ 44,000
Henry, Ohio 3 $ 341,000 $ 113,666 $ 32,000
Jackson, Ohio 3 $ 335,000 $ 111,666 $ 35,000
Paulding, Ohio 3 $ 167,000 $ 55,666 $ 28,000
Shelby, Ohio 3 $ 204,000 $ 68,000 $ 44,000
Washington, Ohio 3 $ 179,000 $ 59,666 $ 33,000
Bedford, Pennsylvania 3 $ 245,000 $ 81,666 $ 44,000
Northampton, Pennsylvania 3 $ 795,000 $ 265,000 $ 0
New Castle, Delaware 2 $ 483,000 $ 241,500 $ 39,000
Collier, Florida 2 $ 279,000 $ 139,500 $ 0
Martin, Florida 2 $ 370,000 $ 185,000 $ 155,000
Okaloosa, Florida 2 $ 399,000 $ 199,500 $ 96,000
St. Johns, Florida 2 $ 250,000 $ 125,000 $ 39,000
Walton, Florida 2 $ 200,000 $ 100,000 $ 96,000
Hendricks, Indiana 2 $ 285,000 $ 142,500 $ 120,000
Fayette, Kentucky 2 $ 164,000 $ 82,000 $ 81,000
Hardin, Kentucky 2 $ 221,000 $ 110,500 $ 49,000
Oldham, Kentucky 2 $ 239,000 $ 119,500 $ 61,000
Allegany, Maryland 2 $ 167,000 $ 83,500 $ 22,000
Worcester, Maryland 2 $ 230,000 $ 115,000 $ 50,000
Cabarrus, North Carolina 2 $ 237,000 $ 118,500 $ 89,000
Adams, Ohio 2 $ 86,000 $ 43,000 $ 40,000
Meigs, Ohio 2 $ 144,000 $ 72,000 $ 39,000
Scioto, Ohio 2 $ 115,000 $ 57,500 $ 28,000
Van Wert, Ohio 2 $ 145,000 $ 72,500 $ 46,000
Wyandot, Ohio 2 $ 201,000 $ 100,500 $ 48,000
Greene, Pennsylvania 2 $ 85,000 $ 42,500 $ 49,000
Jefferson, Pennsylvania 2 $ 294,000 $ 147,000 $ 13,000
Mercer, Pennsylvania 2 $ 151,000 $ 75,500 $ 14,000
Maricopa, Arizona 1 $ 150,000 $ 150,000 $ 168,000
Leon, Florida 1 $ 100,000 $ 100,000 $ 33,000
DeKalb, Georgia 1 $ 50,000 $ 50,000 $ 168,000
Cass, Indiana 1 $ 106,000 $ 106,000 $ 46,000
Greene, Indiana 1 $ 96,000 $ 96,000 $ 26,000
Grayson, Kentucky 1 $ 65,000 $ 65,000 $ 26,000
Lincoln, Kentucky 1 $ 500,000 $ 500,000 $ 30,000
Powell, Kentucky 1 $ 50,000 $ 50,000 $ 69,000
Pulaski, Kentucky 1 $ 214,000 $ 214,000 $ 96,000
Shelby, Kentucky 1 $ 104,000 $ 104,000 $ 33,000
Anne Arundel, Maryland 1 $ 238,000 $ 238,000 $ 294,000
Wayne, Michigan 1 $ 210,000 $ 210,000 $ 79,000
Greene, Missouri 1 $ 50,000 $ 50,000 $ 88,000
Holmes, Ohio 1 $ 50,000 $ 50,000 $ 41,000
Lawrence, Ohio 1 $ 50,000 $ 50,000 $ 24,000
Mercer, Ohio 1 $ 84,000 $ 84,000 $ 57,000
Ottawa, Ohio 1 $ 212,000 $ 212,000 $ 135,000
Seneca, Ohio 1 $ 50,000 $ 50,000 $ 28,000
Vinton, Ohio 1 $ 125,000 $ 125,000 $ 33,000
Armstrong, Pennsylvania 1 $ 76,000 $ 76,000 $ 24,000
Clarion, Pennsylvania 1 $ 80,000 $ 80,000 $ 32,000
Crawford, Pennsylvania 1 $ 75,000 $ 75,000 $ 67,000
Lawrence, Pennsylvania 1 $ 65,000 $ 65,000 $ 32,000
Montour, Pennsylvania 1 $ 167,000 $ 167,000 $ 51,000
Pike, Pennsylvania 1 $ 180,000 $ 180,000 $ 167,000
Schuylkill, Pennsylvania 1 $ 212,000 $ 212,000 $ 82,000
Wayne, Pennsylvania 1 $ 45,000 $ 45,000 $ 0
York, Pennsylvania 1 $ 390,000 $ 390,000 $ 85,000
Knox, Tennessee 1 $ 50,000 $ 50,000 $ 48,000
Shelby, Tennessee 1 $ 50,000 $ 50,000 $ 60,000
Newport News, Virginia 1 $ 50,000 $ 50,000 $ 30,000

Mortgage Loan Application Detail Totals for Equity Resources 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
Refinancing 2,865 $275,914,000 $96,000 $750,000 $47,000 $1,025,000
Home Purchase 2,809 $316,197,000 $112,000 $909,000 $48,000 $804,000
Home Improvement 7 $375,000 $53,000 $150,000 $31,000 $63,000

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 4,070 $411,988,000 $101,000 $883,000 $49,000 $1,025,000
Black or African American 959 $103,703,000 $108,000 $750,000 $47,000 $671,000
Hispanic 312 $37,226,000 $119,000 $369,000 $36,000 $197,000
Not Provided 238 $27,018,000 $113,000 $909,000 $52,000 $480,000
Asian 84 $10,792,000 $128,000 $562,000 $40,000 $141,000
American Indian or Alaskan Native 9 $578,000 $64,000 $134,000 $30,000 $53,000
Native Hawaiian or Other Pacific Islander 9 $1,181,000 $131,000 $232,000 $29,000 $122,000
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) 5,673 $591,546,000 $104,000 $909,000 $48,000 $1,025,000
FHA-insured (Federal Housing Administration) 6 $654,000 $109,000 $243,000 $50,000 $86,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $254,000 $254,000 $254,000 $0 $0
VA-guaranteed (Veterans Administration) 1 $32,000 $32,000 $32,000 $44,000 $44,000

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
Application Denied By Financial Institution 2,753 $274,022,000 $99,000 $711,000 $45,000 $1,025,000
Loan Originated 2,532 $266,977,000 $105,000 $909,000 $49,000 $676,000
Application Approved But Not Accepted 244 $34,192,000 $140,000 $750,000 $58,000 $671,000
Application Withdrawn By Applicant 151 $17,242,000 $114,000 $860,000 $49,000 $480,000
File Closed For Incompleteness 1 $53,000 $53,000 $53,000 $26,000 $26,000
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 264 $22,573,000 $85,000 $350,000 $39,000 $144,000
Collateral 28 $2,358,000 $84,000 $320,000 $49,000 $190,000
Other 17 $1,443,000 $84,000 $252,000 $50,000 $113,000
Debt-To-Income Ratio 11 $1,652,000 $150,000 $600,000 $34,000 $82,000
Insufficient Cash (Downpayment, Closing Cost) 10 $973,000 $97,000 $192,000 $60,000 $116,000
Employment History 2 $105,000 $52,000 $80,000 $25,000 $32,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Equity Resources 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 Resources 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.
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