Equity Resources Inc Mortgage Lending & HMDA Data, 2014

In 2014, Equity Resources Inc of Newark, OH reported 3,532 mortgage applications totaling $566.3 million, down 12% from 2013. The average application was for $160,340, and applicants reported an average income of $82,756. 66% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Pittsburgh, PA (998), Columbus, OH (875) and Cincinnati, OH-KY-IN (291) (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 3,532
Total Mortgage Loan Application Amount $566,323,000
Average Mortgage Loan Application Amount $160,340
Highest Mortgage Loan Application Amount $1,100,000
Average Applicant Income $82,756
Highest Applicant Income $2,220,000

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Act (HMDA) records Equity Resources Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2014

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Allegheny, Pennsylvania 457 $ 68,279,000 $ 149,407 $ 83,000
Franklin, Ohio 417 $ 64,400,000 $ 154,436 $ 91,000
Wake, North Carolina 210 $ 46,601,000 $ 221,909 $ 117,000
Delaware, Ohio 177 $ 40,815,000 $ 230,593 $ 104,000
Washington, Pennsylvania 150 $ 22,061,000 $ 147,073 $ 75,000
Beaver, Pennsylvania 141 $ 18,381,000 $ 130,361 $ 75,000
Westmoreland, Pennsylvania 136 $ 17,797,000 $ 130,860 $ 63,000
Lucas, Ohio 127 $ 14,190,000 $ 111,732 $ 61,000
Licking, Ohio 121 $ 16,899,000 $ 139,661 $ 73,000
Hamilton, Ohio 107 $ 13,020,000 $ 121,682 $ 68,000
St. Mary's, Maryland 84 $ 20,519,000 $ 244,273 $ 92,000
Butler, Pennsylvania 82 $ 16,917,000 $ 206,304 $ 101,000
Blair, Pennsylvania 74 $ 8,061,000 $ 108,932 $ 56,000
Fairfield, Ohio 68 $ 10,355,000 $ 152,279 $ 68,000
Warren, Ohio 66 $ 10,448,000 $ 158,303 $ 82,000
Clermont, Ohio 64 $ 9,611,000 $ 150,171 $ 70,000
Butler, Ohio 45 $ 6,993,000 $ 155,400 $ 73,000
Wood, Ohio 43 $ 5,900,000 $ 137,209 $ 60,000
Prince George's, Maryland 37 $ 9,408,000 $ 254,270 $ 85,000
Mercer, Pennsylvania 37 $ 4,161,000 $ 112,459 $ 61,000
Monroe, Michigan 36 $ 5,462,000 $ 151,722 $ 70,000
Montgomery, Ohio 35 $ 4,137,000 $ 118,200 $ 69,000
Calvert, Maryland 33 $ 8,307,000 $ 251,727 $ 91,000
Pickaway, Ohio 31 $ 3,966,000 $ 127,935 $ 114,000
Montgomery, Maryland 27 $ 8,819,000 $ 326,629 $ 123,000
Union, Ohio 26 $ 5,652,000 $ 217,384 $ 95,000
Knox, Ohio 25 $ 2,744,000 $ 109,760 $ 51,000
Charles, Maryland 23 $ 5,536,000 $ 240,695 $ 82,000
Sarasota, Florida 21 $ 2,550,000 $ 121,428 $ 73,000
Fayette, Pennsylvania 21 $ 2,279,000 $ 108,523 $ 46,000
Perry, Ohio 19 $ 2,098,000 $ 110,421 $ 159,000
Durham, North Carolina 18 $ 2,886,000 $ 160,333 $ 81,000
Clinton, Ohio 18 $ 1,918,000 $ 106,555 $ 40,000
Greene, Ohio 18 $ 2,006,000 $ 111,444 $ 58,000
Johnston, North Carolina 17 $ 2,966,000 $ 174,470 $ 61,000
Cambria, Pennsylvania 17 $ 1,533,000 $ 90,176 $ 53,000
Manatee, Florida 16 $ 2,717,000 $ 169,812 $ 83,000
Cuyahoga, Ohio 14 $ 2,234,000 $ 159,571 $ 85,000
Erie, Pennsylvania 13 $ 1,216,000 $ 93,538 $ 48,000
Anne Arundel, Maryland 12 $ 3,620,000 $ 301,666 $ 105,000
Clark, Ohio 12 $ 1,261,000 $ 105,083 $ 97,000
Morrow, Ohio 11 $ 1,032,000 $ 93,818 $ 52,000
Armstrong, Pennsylvania 11 $ 858,000 $ 78,000 $ 46,000
Baltimore, Maryland 10 $ 2,157,000 $ 215,700 $ 107,000
Baltimore City, Maryland 10 $ 1,815,000 $ 181,500 $ 73,000
Muskingum, Ohio 10 $ 1,003,000 $ 100,300 $ 49,000
Bucks, Pennsylvania 10 $ 2,240,000 $ 224,000 $ 123,000
Greene, Pennsylvania 10 $ 1,123,000 $ 112,300 $ 58,000
Lancaster, Pennsylvania 10 $ 1,631,000 $ 163,100 $ 57,000
York, Pennsylvania 10 $ 1,791,000 $ 179,100 $ 91,000
District of Columbia, District Of Columbia 9 $ 2,887,000 $ 320,777 $ 84,000
Fulton, Ohio 9 $ 768,000 $ 85,333 $ 35,000
Centre, Pennsylvania 9 $ 1,484,000 $ 164,888 $ 69,000
Clearfield, Pennsylvania 9 $ 1,122,000 $ 124,666 $ 57,000
Richland, Ohio 8 $ 830,000 $ 103,750 $ 60,000
Stark, Ohio 8 $ 687,000 $ 85,875 $ 61,000
Highland, Ohio 7 $ 691,000 $ 98,714 $ 47,000
Lawrence, Pennsylvania 7 $ 787,000 $ 112,428 $ 59,000
Frederick, Maryland 6 $ 1,547,000 $ 257,833 $ 78,000
Harnett, North Carolina 6 $ 1,261,000 $ 210,166 $ 65,000
Orange, North Carolina 6 $ 1,175,000 $ 195,833 $ 113,000
Crawford, Ohio 6 $ 326,000 $ 54,333 $ 31,000
Logan, Ohio 6 $ 753,000 $ 125,500 $ 44,000
Somerset, Pennsylvania 6 $ 795,000 $ 132,500 $ 154,000
Franklin, North Carolina 5 $ 850,000 $ 170,000 $ 53,000
Granville, North Carolina 5 $ 898,000 $ 179,600 $ 61,000
Brown, Ohio 5 $ 660,000 $ 132,000 $ 80,000
Hancock, Ohio 5 $ 544,000 $ 108,800 $ 71,000
Lake, Ohio 5 $ 661,000 $ 132,200 $ 66,000
Ottawa, Ohio 5 $ 631,000 $ 126,200 $ 52,000
Scioto, Ohio 5 $ 535,000 $ 107,000 $ 41,000
Summit, Ohio 5 $ 1,021,000 $ 204,200 $ 82,000
Berks, Pennsylvania 5 $ 902,000 $ 180,400 $ 100,000
Dauphin, Pennsylvania 5 $ 834,000 $ 166,800 $ 85,000
Northampton, Pennsylvania 5 $ 1,015,000 $ 203,000 $ 76,000
Philadelphia, Pennsylvania 5 $ 845,000 $ 169,000 $ 85,000
Carroll, Maryland 4 $ 1,058,000 $ 264,500 $ 97,000
Ashland, Ohio 4 $ 663,000 $ 165,750 $ 70,000
Madison, Ohio 4 $ 653,000 $ 163,250 $ 83,000
Marion, Ohio 4 $ 540,000 $ 135,000 $ 52,000
Sandusky, Ohio 4 $ 285,000 $ 71,250 $ 64,000
Williams, Ohio 4 $ 551,000 $ 137,750 $ 48,000
Indiana, Pennsylvania 4 $ 276,000 $ 69,000 $ 42,000
Luzerne, Pennsylvania 4 $ 298,000 $ 74,500 $ 78,000
Montgomery, Pennsylvania 4 $ 792,000 $ 198,000 $ 92,000
Charlotte, Florida 3 $ 403,000 $ 134,333 $ 76,000
Harford, Maryland 3 $ 773,000 $ 257,666 $ 77,000
Queen Anne's, Maryland 3 $ 840,000 $ 280,000 $ 107,000
Columbiana, Ohio 3 $ 354,000 $ 118,000 $ 50,000
Coshocton, Ohio 3 $ 432,000 $ 144,000 $ 62,000
Erie, Ohio 3 $ 369,000 $ 123,000 $ 75,000
Fayette, Ohio 3 $ 417,000 $ 139,000 $ 43,000
Henry, Ohio 3 $ 301,000 $ 100,333 $ 43,000
Preble, Ohio 3 $ 454,000 $ 151,333 $ 73,000
Bedford, Pennsylvania 3 $ 410,000 $ 136,666 $ 69,000
Bradford, Pennsylvania 3 $ 345,000 $ 115,000 $ 69,000
Carbon, Pennsylvania 3 $ 459,000 $ 153,000 $ 112,000
Cumberland, Pennsylvania 3 $ 640,000 $ 213,333 $ 97,000
Lebanon, Pennsylvania 3 $ 665,000 $ 221,666 $ 96,000
King George, Virginia 3 $ 735,000 $ 245,000 $ 121,000
Sussex, Delaware 2 $ 669,000 $ 334,500 $ 202,000
Orange, Florida 2 $ 379,000 $ 189,500 $ 205,000
Boone, Kentucky 2 $ 341,000 $ 170,500 $ 69,000
Boyd, Kentucky 2 $ 201,000 $ 100,500 $ 50,000
Elliott, Kentucky 2 $ 255,000 $ 127,500 $ 67,000
Greenup, Kentucky 2 $ 249,000 $ 124,500 $ 43,000
Kenton, Kentucky 2 $ 583,000 $ 291,500 $ 93,000
Howard, Maryland 2 $ 352,000 $ 176,000 $ 103,000
Talbot, Maryland 2 $ 540,000 $ 270,000 $ 88,000
Alamance, North Carolina 2 $ 409,000 $ 204,500 $ 59,000
Carteret, North Carolina 2 $ 190,000 $ 95,000 $ 122,000
Chatham, North Carolina 2 $ 695,000 $ 347,500 $ 177,000
Cherokee, North Carolina 2 $ 256,000 $ 128,000 $ 25,000
Forsyth, North Carolina 2 $ 318,000 $ 159,000 $ 97,000
Mecklenburg, North Carolina 2 $ 357,000 $ 178,500 $ 36,000
Darke, Ohio 2 $ 170,000 $ 85,000 $ 41,000
Geauga, Ohio 2 $ 247,000 $ 123,500 $ 52,000
Holmes, Ohio 2 $ 206,000 $ 103,000 $ 48,000
Lorain, Ohio 2 $ 303,000 $ 151,500 $ 108,000
Mahoning, Ohio 2 $ 230,000 $ 115,000 $ 60,000
Miami, Ohio 2 $ 146,000 $ 73,000 $ 33,000
Pike, Ohio 2 $ 241,000 $ 120,500 $ 74,000
Trumbull, Ohio 2 $ 159,000 $ 79,500 $ 66,000
Chester, Pennsylvania 2 $ 492,000 $ 246,000 $ 83,000
Clarion, Pennsylvania 2 $ 153,000 $ 76,500 $ 39,000
Crawford, Pennsylvania 2 $ 251,000 $ 125,500 $ 82,000
Delaware, Pennsylvania 2 $ 316,000 $ 158,000 $ 80,000
Huntingdon, Pennsylvania 2 $ 428,000 $ 214,000 $ 83,000
Venango, Pennsylvania 2 $ 185,000 $ 92,500 $ 65,000
New Castle, Delaware 1 $ 84,000 $ 84,000 $ 85,000
Brevard, Florida 1 $ 76,000 $ 76,000 $ 71,000
Duval, Florida 1 $ 358,000 $ 358,000 $ 82,000
Hillsborough, Florida 1 $ 257,000 $ 257,000 $ 100,000
Okaloosa, Florida 1 $ 169,000 $ 169,000 $ 42,000
Bartholomew, Indiana 1 $ 334,000 $ 334,000 $ 88,000
Hamilton, Indiana 1 $ 133,000 $ 133,000 $ 58,000
Carter, Kentucky 1 $ 96,000 $ 96,000 $ 40,000
Allegany, Maryland 1 $ 320,000 $ 320,000 $ 174,000
Kalamazoo, Michigan 1 $ 140,000 $ 140,000 $ 59,000
Lenawee, Michigan 1 $ 147,000 $ 147,000 $ 52,000
Wayne, Michigan 1 $ 104,000 $ 104,000 $ 39,000
Buncombe, North Carolina 1 $ 246,000 $ 246,000 $ 67,000
Catawba, North Carolina 1 $ 183,000 $ 183,000 $ 50,000
Edgecombe, North Carolina 1 $ 140,000 $ 140,000 $ 840,000
Gaston, North Carolina 1 $ 260,000 $ 260,000 $ 170,000
New Hanover, North Carolina 1 $ 100,000 $ 100,000 $ 93,000
Onslow, North Carolina 1 $ 216,000 $ 216,000 $ 246,000
Pender, North Carolina 1 $ 300,000 $ 300,000 $ 2,220,000
Warren, North Carolina 1 $ 291,000 $ 291,000 $ 184,000
Adams, Ohio 1 $ 135,000 $ 135,000 $ 71,000
Allen, Ohio 1 $ 66,000 $ 66,000 $ 75,000
Defiance, Ohio 1 $ 57,000 $ 57,000 $ 36,000
Hocking, Ohio 1 $ 92,000 $ 92,000 $ 31,000
Jefferson, Ohio 1 $ 68,000 $ 68,000 $ 175,000
Lawrence, Ohio 1 $ 175,000 $ 175,000 $ 85,000
Paulding, Ohio 1 $ 100,000 $ 100,000 $ 25,000
Portage, Ohio 1 $ 155,000 $ 155,000 $ 228,000
Putnam, Ohio 1 $ 128,000 $ 128,000 $ 65,000
Ross, Ohio 1 $ 344,000 $ 344,000 $ 210,000
Adams, Pennsylvania 1 $ 202,000 $ 202,000 $ 55,000
Elk, Pennsylvania 1 $ 93,000 $ 93,000 $ 82,000
Forest, Pennsylvania 1 $ 35,000 $ 35,000 $ 95,000
Franklin, Pennsylvania 1 $ 214,000 $ 214,000 $ 54,000
Mifflin, Pennsylvania 1 $ 151,000 $ 151,000 $ 73,000
Monroe, Pennsylvania 1 $ 130,000 $ 130,000 $ 84,000
Schuylkill, Pennsylvania 1 $ 136,000 $ 136,000 $ 48,000
Snyder, Pennsylvania 1 $ 188,000 $ 188,000 $ 47,000
Warren, Pennsylvania 1 $ 100,000 $ 100,000 $ 40,000
Wyoming, Pennsylvania 1 $ 101,000 $ 101,000 $ 74,000
Anderson, South Carolina 1 $ 62,000 $ 62,000 $ 45,000
Spartanburg, South Carolina 1 $ 108,000 $ 108,000 $ 20,000
Alexandria, Virginia 1 $ 148,000 $ 148,000 $ 70,000
Spotsylvania, Virginia 1 $ 465,000 $ 465,000 $ 583,000

Mortgage Loan Application Detail Totals for Equity Resources Inc in 2014

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 2,722 $434,640,000 $159,000 $1,100,000 $80,000 $2,220,000
Refinancing 806 $131,399,000 $163,000 $755,000 $92,000 $1,344,000
Home Improvement 4 $284,000 $71,000 $168,000 $96,000 $181,000

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 2,979 $458,743,000 $153,000 $1,100,000 $79,000 $2,220,000
Black or African American 248 $40,641,000 $163,000 $632,000 $83,000 $2,164,000
Asian 231 $53,090,000 $229,000 $648,000 $123,000 $593,000
Hispanic 71 $13,516,000 $190,000 $500,000 $77,000 $274,000
Native Hawaiian or Other Pacific Islander 2 $208,000 $104,000 $153,000 $36,000 $49,000
American Indian or Alaskan Native 1 $125,000 $125,000 $125,000 $86,000 $86,000
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 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) 1,842 $328,343,000 $178,000 $1,100,000 $103,000 $2,220,000
FHA-insured (Federal Housing Administration) 1,113 $147,279,000 $132,000 $622,000 $59,000 $660,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 298 $37,277,000 $125,000 $385,000 $45,000 $103,000
VA-guaranteed (Veterans Administration) 279 $53,424,000 $191,000 $755,000 $79,000 $324,000

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 2,325 $377,202,000 $162,000 $1,100,000 $80,000 $2,164,000
Application Approved But Not Accepted 884 $147,104,000 $166,000 $755,000 $90,000 $1,344,000
Application Denied By Financial Institution 277 $34,847,000 $125,000 $622,000 $71,000 $2,064,000
Application Withdrawn By Applicant 43 $6,604,000 $153,000 $539,000 $133,000 $2,220,000
File Closed For Incompleteness 3 $566,000 $188,000 $316,000 $90,000 $121,000
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 95 $11,366,000 $119,000 $417,000 $69,000 $214,000
Debt-To-Income Ratio 61 $8,397,000 $137,000 $622,000 $51,000 $217,000
Collateral 51 $6,384,000 $125,000 $518,000 $73,000 $516,000
Other 45 $6,207,000 $137,000 $368,000 $75,000 $279,000
Employment History 11 $850,000 $77,000 $123,000 $34,000 $54,000
Insufficient Cash (Downpayment, Closing Cost) 9 $1,106,000 $122,000 $358,000 $272,000 $2,064,000
Unverifiable Information 5 $537,000 $107,000 $194,000 $32,000 $47,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Equity Resources Inc's 2014 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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