Equity Resources Inc Mortgage Lending & HMDA Data, 2016
In 2016, Equity Resources Inc of Newark, OH reported 7,144 mortgage applications totaling $1.3 billion, up 35% from 2015. The average application was for $185,881, and applicants reported an average income of $87,617. 67% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Pittsburgh, PA (1,362), Columbus, OH (1,188) and Raleigh, NC (885) (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 |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 7,144 |
| Total Mortgage Loan Application Amount | $1,327,937,000 |
| Average Mortgage Loan Application Amount | $185,881 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $87,617 |
| Highest Applicant Income | $2,672,000 |
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Act (HMDA) records Equity Resources Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Pittsburgh, PA | 1,362 | $ 220,385,000 | $ 161,809 | $ 82,000 |
| Columbus, OH | 1,188 | $ 234,310,000 | $ 197,230 | $ 95,000 |
| Raleigh, NC | 885 | $ 203,778,000 | $ 230,257 | $ 111,000 |
| Cincinnati, OH-KY-IN | 446 | $ 64,659,000 | $ 144,975 | $ 69,078 |
| Toledo, OH | 415 | $ 56,688,000 | $ 136,597 | $ 69,000 |
| Baltimore-Columbia-Towson, MD | 374 | $ 90,845,000 | $ 242,901 | $ 86,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 367 | $ 101,594,000 | $ 276,822 | $ 90,272 |
| Greensboro-High Point, NC | 232 | $ 40,728,000 | $ 175,551 | $ 78,000 |
| California-Lexington Park, MD | 137 | $ 38,596,000 | $ 281,722 | $ 126,000 |
| Dayton, OH | 135 | $ 17,015,000 | $ 126,037 | $ 65,000 |
| Durham-Chapel Hill, NC | 109 | $ 22,874,000 | $ 209,853 | $ 113,000 |
| Silver Spring-Frederick-Rockville, MD | 102 | $ 31,436,000 | $ 308,196 | $ 106,000 |
| Charlotte-Concord-Gastonia, NC-SC | 88 | $ 13,365,000 | $ 151,875 | $ 70,000 |
| Altoona, PA | 82 | $ 9,655,000 | $ 117,743 | $ 77,000 |
| Monroe, MI | 78 | $ 12,374,000 | $ 158,641 | $ 71,000 |
| Youngstown-Warren-Boardman, OH-PA | 75 | $ 8,837,000 | $ 117,826 | $ 56,880 |
| North Port-Sarasota-Bradenton, FL | 72 | $ 11,831,000 | $ 164,319 | $ 82,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 70 | $ 10,946,000 | $ 156,371 | $ 74,714 |
| Winston-Salem, NC | 59 | $ 10,161,000 | $ 172,220 | $ 91,000 |
| Erie, PA | 53 | $ 6,170,000 | $ 116,415 | $ 60,000 |
| Johnstown, PA | 33 | $ 2,652,000 | $ 80,363 | $ 51,000 |
| Burlington, NC | 32 | $ 4,456,000 | $ 139,250 | $ 60,000 |
| Charleston-North Charleston, SC | 30 | $ 4,830,000 | $ 161,000 | $ 103,000 |
| Tampa-St. Petersburg-Clearwater, FL | 21 | $ 3,531,000 | $ 168,142 | $ 70,000 |
| Cleveland-Elyria, OH | 18 | $ 3,364,000 | $ 186,888 | $ 98,000 |
| Punta Gorda, FL | 15 | $ 2,126,000 | $ 141,733 | $ 72,000 |
| Montgomery County-Bucks County-Chester County, PA | 14 | $ 3,013,000 | $ 215,214 | $ 95,000 |
| Wilmington, NC | 14 | $ 2,409,000 | $ 172,071 | $ 86,000 |
| Akron, OH | 13 | $ 2,176,000 | $ 167,384 | $ 79,000 |
| Lakeland-Winter Haven, FL | 11 | $ 1,680,000 | $ 152,727 | $ 56,000 |
| Lancaster, PA | 10 | $ 1,773,000 | $ 177,300 | $ 94,000 |
| Wilmington, DE-MD-NJ | 10 | $ 1,930,000 | $ 193,000 | $ 71,000 |
| Asheville, NC | 9 | $ 2,154,000 | $ 239,333 | $ 106,000 |
| Greenville, NC | 8 | $ 847,000 | $ 105,875 | $ 152,000 |
| Salisbury, MD-DE | 8 | $ 1,925,000 | $ 240,625 | $ 106,500 |
| Fayetteville, NC | 7 | $ 888,000 | $ 126,857 | $ 58,000 |
| York-Hanover, PA | 7 | $ 1,381,000 | $ 197,285 | $ 93,000 |
| Cape Coral-Fort Myers, FL | 6 | $ 1,660,000 | $ 276,666 | $ 144,000 |
| Goldsboro, NC | 6 | $ 723,000 | $ 120,500 | $ 43,000 |
| Huntington-Ashland, WV-KY-OH | 6 | $ 1,060,000 | $ 176,666 | $ 93,500 |
| Mansfield, OH | 6 | $ 743,000 | $ 123,833 | $ 111,000 |
| State College, PA | 6 | $ 1,036,000 | $ 172,666 | $ 79,000 |
| Canton-Massillon, OH | 5 | $ 627,000 | $ 125,400 | $ 66,000 |
| Jackson, MI | 5 | $ 508,000 | $ 101,600 | $ 41,000 |
| Jacksonville, NC | 5 | $ 920,000 | $ 184,000 | $ 98,000 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 659,000 | $ 131,800 | $ 132,000 |
| Philadelphia, PA | 5 | $ 746,000 | $ 149,200 | $ 57,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 5 | $ 571,000 | $ 114,200 | $ 72,000 |
| Warren-Troy-Farmington Hills, MI | 5 | $ 586,000 | $ 117,200 | $ 91,000 |
| Detroit-Dearborn-Livonia, MI | 4 | $ 605,000 | $ 151,250 | $ 58,000 |
| Hagerstown-Martinsburg, MD-WV | 4 | $ 712,000 | $ 178,000 | $ 40,000 |
| Hickory-Lenoir-Morganton, NC | 4 | $ 460,000 | $ 115,000 | $ 256,000 |
| New Bern, NC | 4 | $ 604,000 | $ 151,000 | $ 182,000 |
| Reading, PA | 4 | $ 651,000 | $ 162,750 | $ 75,000 |
| Springfield, OH | 4 | $ 404,000 | $ 101,000 | $ 61,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 4 | $ 427,000 | $ 106,750 | $ 55,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 3 | $ 491,000 | $ 163,666 | $ 74,000 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 593,000 | $ 197,666 | $ 100,000 |
| Cumberland, MD-WV | 3 | $ 176,000 | $ 58,666 | $ 33,000 |
| Florence, SC | 3 | $ 238,000 | $ 79,333 | $ 31,000 |
| Weirton-Steubenville, WV-OH | 3 | $ 445,000 | $ 148,333 | $ 64,000 |
| Ann Arbor, MI | 2 | $ 728,000 | $ 364,000 | $ 178,000 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 550,000 | $ 275,000 | $ 96,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 326,000 | $ 163,000 | $ 66,000 |
| Lima, OH | 2 | $ 133,000 | $ 66,500 | $ 79,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 505,000 | $ 252,500 | $ 88,000 |
| New Haven-Milford, CT | 2 | $ 320,000 | $ 160,000 | $ 112,000 |
| Richmond, VA | 2 | $ 582,000 | $ 291,000 | $ 86,000 |
| Rocky Mount, NC | 2 | $ 169,000 | $ 84,500 | $ 30,000 |
| Tallahassee, FL | 2 | $ 404,000 | $ 202,000 | $ 92,000 |
| Charleston, WV | 1 | $ 88,000 | $ 88,000 | $ 30,000 |
| Columbia, SC | 1 | $ 163,000 | $ 163,000 | $ 38,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 101,000 | $ 101,000 | $ 220,000 |
| East Stroudsburg, PA | 1 | $ 309,000 | $ 309,000 | $ 392,000 |
| Flint, MI | 1 | $ 100,000 | $ 100,000 | $ 59,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 285,000 | $ 285,000 | $ 152,000 |
| Gettysburg, PA | 1 | $ 175,000 | $ 175,000 | $ 61,000 |
| Harrisburg-Carlisle, PA | 1 | $ 124,000 | $ 124,000 | $ 50,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 235,000 | $ 235,000 | $ 143,000 |
| Kalamazoo-Portage, MI | 1 | $ 134,000 | $ 134,000 | $ 63,000 |
| Lebanon, PA | 1 | $ 257,000 | $ 257,000 | $ 89,000 |
| Lexington-Fayette, KY | 1 | $ 200,000 | $ 200,000 | $ 900,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 360,000 | $ 360,000 | $ 250,000 |
| Manchester-Nashua, NH | 1 | $ 223,000 | $ 223,000 | $ 82,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 157,000 | $ 157,000 | $ 46,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 32,000 | $ 32,000 | $ 37,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 273,000 | $ 273,000 | $ 84,000 |
| Port St. Lucie, FL | 1 | $ 62,000 | $ 62,000 | $ 47,000 |
| Sebastian-Vero Beach, FL | 1 | $ 190,000 | $ 190,000 | $ 99,000 |
| Wheeling, WV-OH | 1 | $ 170,000 | $ 170,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for Equity Resources Inc in 2016
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 | 4,992 | $878,839,000 | $176,000 | $844,000 | $81,000 | $2,672,000 |
| Refinancing | 2,149 | $448,763,000 | $208,000 | $2,500,000 | $103,000 | $1,950,000 |
| Home Improvement | 3 | $335,000 | $111,000 | $154,000 | $81,000 | $101,000 |
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 | 5,495 | $974,671,000 | $177,000 | $2,500,000 | $86,000 | $2,672,000 |
| Black or African American | 648 | $117,424,000 | $181,000 | $787,000 | $71,000 | $964,000 |
| Asian | 622 | $156,037,000 | $250,000 | $688,000 | $125,000 | $2,022,000 |
| Hispanic | 333 | $71,247,000 | $213,000 | $844,000 | $71,000 | $1,175,000 |
| American Indian or Alaskan Native | 17 | $2,601,000 | $153,000 | $351,000 | $103,000 | $562,000 |
| Not Provided | 17 | $3,326,000 | $195,000 | $529,000 | $109,000 | $534,000 |
| Native Hawaiin or Other Pacific Islander | 12 | $2,631,000 | $219,000 | $385,000 | $66,000 | $155,000 |
| 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) | 4,026 | $800,620,000 | $198,000 | $2,500,000 | $105,000 | $2,672,000 |
| FHA-insured (Federal Housing Administration) | 2,177 | $345,277,000 | $158,000 | $636,000 | $63,000 | $2,022,000 |
| VA-guaranteed (Veterans Administration) | 590 | $132,035,000 | $223,000 | $696,000 | $74,000 | $964,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 351 | $50,005,000 | $142,000 | $337,000 | $50,000 | $105,000 |
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 | 4,816 | $891,506,000 | $185,000 | $844,000 | $84,000 | $711,000 |
| Application Withdrawn By Applicant | 1,570 | $306,403,000 | $195,000 | $2,500,000 | $101,000 | $2,672,000 |
| Application Approved But Not Accepted | 435 | $76,415,000 | $175,000 | $800,000 | $79,000 | $861,000 |
| Application Denied By Financial Institution | 323 | $53,613,000 | $165,000 | $460,000 | $84,000 | $1,175,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 92 | $14,320,000 | $155,000 | $407,000 | $117,000 | $1,175,000 |
| Other | 78 | $14,148,000 | $181,000 | $417,000 | $80,000 | $323,000 |
| Debt-To-Income Ratio | 69 | $11,702,000 | $169,000 | $386,000 | $57,000 | $195,000 |
| Collateral | 41 | $6,299,000 | $153,000 | $460,000 | $81,000 | $242,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 18 | $2,732,000 | $151,000 | $245,000 | $72,000 | $130,000 |
| Employment History | 14 | $2,426,000 | $173,000 | $415,000 | $53,000 | $100,000 |
| Unverifiable Information | 5 | $1,115,000 | $223,000 | $392,000 | $74,000 | $153,000 |
| 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 Equity Resources Inc's 2016 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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