Equity Resources Inc Mortgage Lending & HMDA Data, 2024
In 2024, Equity Resources Inc of Newark, OH reported 3,835 mortgage applications totaling $985.2 million, up 5% from 2023. The average application was for $256,893, and applicants reported an average income of $120,694. 69% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Columbus, OH (712), Pittsburgh, PA (588) and Toledo, OH (301) (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 | 3,835 |
| Total Mortgage Loan Application Amount | $985,185,000 |
| Average Mortgage Loan Application Amount | $256,893 |
| Highest Mortgage Loan Application Amount | $1,965,000 |
| Average Applicant Income | $120,694 |
| Highest Applicant Income | $4,174,000 |
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Act (HMDA) records Equity Resources Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Columbus, OH | 712 | $ 188,940,000 | $ 265,365 | $ 132,000 |
| Pittsburgh, PA | 588 | $ 120,930,000 | $ 205,663 | $ 107,000 |
| Outside any metro area | 483 | $ 104,685,000 | $ 216,739 | $ 97,262 |
| Toledo, OH | 301 | $ 53,625,000 | $ 178,156 | $ 98,000 |
| Raleigh, NC | 182 | $ 70,710,000 | $ 388,516 | $ 168,000 |
| Greensboro-High Point, NC | 166 | $ 39,850,000 | $ 240,060 | $ 108,000 |
| Erie, PA | 112 | $ 21,670,000 | $ 193,482 | $ 104,000 |
| Baltimore-Columbia-Towson, MD | 103 | $ 35,765,000 | $ 347,233 | $ 137,000 |
| Altoona, PA | 71 | $ 11,115,000 | $ 156,549 | $ 83,000 |
| Cincinnati, OH-KY-IN | 71 | $ 15,185,000 | $ 213,873 | $ 134,802 |
| Lexington Park, MD | 59 | $ 20,165,000 | $ 341,779 | $ 128,000 |
| New Haven-Milford, CT | 59 | $ 20,045,000 | $ 339,745 | $ 144,000 |
| Washington-Baltimore-Arlington, DC | 59 | $ 23,305,000 | $ 395,000 | $ 148,000 |
| Winston-Salem, NC | 57 | $ 13,675,000 | $ 239,912 | $ 109,000 |
| Tampa, FL | 49 | $ 15,935,000 | $ 325,204 | $ 208,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 43 | $ 12,445,000 | $ 289,418 | $ 119,000 |
| Dayton-Springfield-Kettering, OH | 41 | $ 7,085,000 | $ 172,804 | $ 78,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 39 | $ 13,825,000 | $ 354,487 | $ 186,000 |
| Washington, DC-MD | 39 | $ 13,405,000 | $ 343,717 | $ 114,846 |
| Durham-Chapel Hill, NC | 35 | $ 10,825,000 | $ 309,285 | $ 145,000 |
| Bridgeport-Stamford-Norwalk, CT | 33 | $ 10,895,000 | $ 330,151 | $ 125,000 |
| Waterbury-Shelton, CT | 33 | $ 9,405,000 | $ 285,000 | $ 99,000 |
| Barnstable Town, MA | 29 | $ 13,565,000 | $ 467,758 | $ 192,000 |
| Hartford-West Hartford-East Hartford, CT | 27 | $ 8,565,000 | $ 317,222 | $ 125,000 |
| Monroe, MI | 26 | $ 6,010,000 | $ 231,153 | $ 105,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 20 | $ 4,640,000 | $ 232,000 | $ 105,000 |
| Worcester, MA-CT | 20 | $ 8,410,000 | $ 420,500 | $ 149,000 |
| Boston, MA | 19 | $ 8,315,000 | $ 437,631 | $ 181,000 |
| Charlotte-Concord-Gastonia, NC-SC | 17 | $ 5,045,000 | $ 296,764 | $ 99,058 |
| Fayetteville, NC | 16 | $ 3,330,000 | $ 208,125 | $ 81,000 |
| St. Petersburg-Clearwater-Largo, FL | 16 | $ 4,970,000 | $ 310,625 | $ 136,000 |
| Wilmington, NC | 16 | $ 5,970,000 | $ 373,125 | $ 197,000 |
| Lakeland-Winter Haven, FL | 14 | $ 3,560,000 | $ 254,285 | $ 129,000 |
| Cleveland, OH | 12 | $ 2,160,000 | $ 180,000 | $ 153,000 |
| Cambridge-Newton-Framingham, MA | 11 | $ 6,615,000 | $ 601,363 | $ 303,000 |
| Richmond, VA | 11 | $ 3,815,000 | $ 346,818 | $ 106,000 |
| Springfield, OH | 10 | $ 1,990,000 | $ 199,000 | $ 81,000 |
| Burlington, NC | 9 | $ 1,985,000 | $ 220,555 | $ 107,000 |
| Detroit-Dearborn-Livonia, MI | 9 | $ 1,255,000 | $ 139,444 | $ 59,000 |
| Fort Wayne, IN | 9 | $ 1,975,000 | $ 219,444 | $ 115,000 |
| Louisville/Jefferson County, KY-IN | 9 | $ 2,855,000 | $ 317,222 | $ 117,000 |
| Orlando-Kissimmee-Sanford, FL | 9 | $ 2,565,000 | $ 285,000 | $ 129,000 |
| Miami-Miami Beach-Kendall, FL | 8 | $ 6,950,000 | $ 868,750 | $ 399,000 |
| Asheville, NC | 7 | $ 1,955,000 | $ 279,285 | $ 91,000 |
| Pinehurst-Southern Pines, NC | 7 | $ 1,695,000 | $ 242,142 | $ 79,000 |
| Providence-Warwick, RI-MA | 7 | $ 2,215,000 | $ 316,428 | $ 119,428 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 7 | $ 1,085,000 | $ 155,000 | $ 99,000 |
| Florence, SC | 6 | $ 700,000 | $ 116,666 | $ 64,000 |
| Goldsboro, NC | 6 | $ 880,000 | $ 146,666 | $ 68,000 |
| Greenville, NC | 6 | $ 1,600,000 | $ 266,666 | $ 116,000 |
| Indianapolis-Carmel-Anderson, IN | 6 | $ 1,150,000 | $ 191,666 | $ 92,000 |
| Jacksonville, FL | 6 | $ 1,020,000 | $ 170,000 | $ 135,000 |
| Mansfield, OH | 6 | $ 1,010,000 | $ 168,333 | $ 81,000 |
| North Port-Sarasota-Bradenton, FL | 6 | $ 2,320,000 | $ 386,666 | $ 162,000 |
| Sandusky, OH | 6 | $ 1,090,000 | $ 181,666 | $ 143,000 |
| Youngstown-Warren-Boardman, OH-PA | 6 | $ 1,180,000 | $ 196,666 | $ 95,000 |
| Arlington-Alexandria-Reston, VA-WV | 5 | $ 2,325,000 | $ 465,000 | $ 148,000 |
| Charleston-North Charleston, SC | 5 | $ 2,035,000 | $ 407,000 | $ 155,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 5 | $ 1,765,000 | $ 353,000 | $ 104,000 |
| Hagerstown-Martinsburg, MD-WV | 5 | $ 1,345,000 | $ 269,000 | $ 73,000 |
| Jackson, MI | 5 | $ 945,000 | $ 189,000 | $ 84,000 |
| Canton-Massillon, OH | 4 | $ 460,000 | $ 115,000 | $ 83,000 |
| Johnstown, PA | 4 | $ 580,000 | $ 145,000 | $ 56,000 |
| Lancaster, PA | 4 | $ 850,000 | $ 212,500 | $ 137,000 |
| Rocky Mount, NC | 4 | $ 1,060,000 | $ 265,000 | $ 81,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 1,085,000 | $ 361,666 | $ 124,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 1,215,000 | $ 405,000 | $ 204,000 |
| Hickory-Lenoir-Morganton, NC | 3 | $ 965,000 | $ 321,666 | $ 528,000 |
| Jacksonville, NC | 3 | $ 675,000 | $ 225,000 | $ 75,000 |
| Montgomery County-Bucks County-Chester County, PA | 3 | $ 835,000 | $ 278,333 | $ 127,000 |
| Ocala, FL | 3 | $ 1,295,000 | $ 431,666 | $ 169,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 3 | $ 485,000 | $ 161,666 | $ 72,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 585,000 | $ 195,000 | $ 194,000 |
| Ann Arbor, MI | 2 | $ 580,000 | $ 290,000 | $ 160,000 |
| Columbia, SC | 2 | $ 440,000 | $ 220,000 | $ 188,000 |
| Huntington-Ashland, WV-KY-OH | 2 | $ 460,000 | $ 230,000 | $ 100,000 |
| Manchester-Nashua, NH | 2 | $ 1,540,000 | $ 770,000 | $ 194,000 |
| Punta Gorda, FL | 2 | $ 470,000 | $ 235,000 | $ 130,000 |
| Reading, PA | 2 | $ 550,000 | $ 275,000 | $ 128,000 |
| San Antonio-New Braunfels, TX | 2 | $ 860,000 | $ 430,000 | $ 37,000 |
| Weirton-Steubenville, WV-OH | 2 | $ 150,000 | $ 75,000 | $ 53,000 |
| Akron, OH | 1 | $ 225,000 | $ 225,000 | $ 180,000 |
| Amherst Town-Northampton, MA | 1 | $ 225,000 | $ 225,000 | $ 54,000 |
| Battle Creek, MI | 1 | $ 185,000 | $ 185,000 | $ 36,000 |
| Charleston, WV | 1 | $ 125,000 | $ 125,000 | $ 42,000 |
| Flint, MI | 1 | $ 145,000 | $ 145,000 | $ 109,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 425,000 | $ 425,000 | $ 108,000 |
| Harrisburg-Carlisle, PA | 1 | $ 515,000 | $ 515,000 | $ 158,000 |
| Homosassa Springs, FL | 1 | $ 325,000 | $ 325,000 | $ 84,000 |
| Macon-Bibb County, GA | 1 | $ 165,000 | $ 165,000 | $ 114,000 |
| Morgantown, WV | 1 | $ 165,000 | $ 165,000 | $ 59,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 355,000 | $ 355,000 | $ 94,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 335,000 | $ 335,000 | $ 93,000 |
| Parkersburg-Vienna, WV | 1 | $ 165,000 | $ 165,000 | $ 53,000 |
| Philadelphia, PA | 1 | $ 685,000 | $ 685,000 | $ 215,000 |
| Roanoke, VA | 1 | $ 385,000 | $ 385,000 | $ 179,000 |
| Savannah, GA | 1 | $ 565,000 | $ 565,000 | $ 219,000 |
| Spartanburg, SC | 1 | $ 195,000 | $ 195,000 | $ 43,000 |
| Springfield, MA | 1 | $ 225,000 | $ 225,000 | $ 112,000 |
| Warner Robins, GA | 1 | $ 155,000 | $ 155,000 | $ 124,000 |
| York-Hanover, PA | 1 | $ 135,000 | $ 135,000 | $ 180,000 |
Mortgage Loan Application Detail Totals for Equity Resources Inc in 2024
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 | 2,843 | $762,605,000 | $268,000 | $1,965,000 | $120,000 | $1,433,000 |
| Cash-out Refinancing | 525 | $84,715,000 | $161,000 | $765,000 | $119,000 | $3,767,000 |
| Refinancing | 465 | $137,535,000 | $295,000 | $1,105,000 | $127,000 | $4,174,000 |
| Other Purpose | 2 | $330,000 | $165,000 | $275,000 | $87,000 | $106,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 2,727 | $676,695,000 | $248,000 | $1,425,000 | $116,000 | $1,498,000 |
| Asian | 310 | $102,910,000 | $331,000 | $905,000 | $179,000 | $3,767,000 |
| Hispanic | 308 | $78,830,000 | $255,000 | $1,915,000 | $100,000 | $834,000 |
| Black or African American | 261 | $63,125,000 | $241,000 | $765,000 | $98,000 | $531,000 |
| Not Provided | 211 | $57,545,000 | $272,000 | $1,965,000 | $154,000 | $4,174,000 |
| American Indian or Alaskan Native | 14 | $3,970,000 | $283,000 | $495,000 | $118,000 | $394,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $2,110,000 | $527,000 | $1,055,000 | $191,000 | $439,000 |
| 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) | 2,912 | $760,170,000 | $261,000 | $1,965,000 | $131,000 | $4,174,000 |
| FHA-insured (Federal Housing Administration) | 608 | $134,300,000 | $220,000 | $675,000 | $86,000 | $416,000 |
| VA-guaranteed (Veterans Administration) | 229 | $75,475,000 | $329,000 | $1,025,000 | $105,000 | $918,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 86 | $15,240,000 | $177,000 | $375,000 | $72,000 | $144,000 |
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 | 2,636 | $669,800,000 | $254,000 | $1,425,000 | $120,000 | $3,767,000 |
| Application Withdrawn By Applicant | 926 | $257,280,000 | $277,000 | $1,965,000 | $133,000 | $4,174,000 |
| Application Denied By Financial Institution | 269 | $57,135,000 | $212,000 | $955,000 | $93,000 | $567,000 |
| Application Approved But Not Accepted | 4 | $970,000 | $242,000 | $425,000 | $147,000 | $207,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 3,566 | $928,050,000 | $260,000 | $1,965,000 | $123,000 | $4,174,000 |
| Credit History | 83 | $14,505,000 | $174,000 | $645,000 | $92,000 | $567,000 |
| Debt-To-Income Ratio | 74 | $16,400,000 | $221,000 | $605,000 | $70,000 | $288,000 |
| Collateral | 30 | $5,570,000 | $185,000 | $955,000 | $116,000 | $478,000 |
| Other | 22 | $4,500,000 | $204,000 | $655,000 | $104,000 | $282,000 |
| Credit Application Incomplete | 20 | $5,910,000 | $295,000 | $705,000 | $127,000 | $427,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 19 | $4,905,000 | $258,000 | $655,000 | $116,000 | $443,000 |
| Unverifiable Information | 15 | $3,155,000 | $210,000 | $405,000 | $65,000 | $113,000 |
| Employment History | 6 | $2,190,000 | $365,000 | $955,000 | $124,000 | $246,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Equity Resources Inc's 2024 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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