Equity Wave Lending, Inc. Mortgage Lending & HMDA Data, 2024
In 2024, Equity Wave Lending, Inc. of Irvine, CA reported 546 mortgage applications totaling $202.5 million, down 2% from 2023. The average application was for $370,915, and applicants reported an average income of $28,401. 52% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (172), Anaheim-Santa Ana-Irvine, CA (94) and Riverside-San Bernardino-Ontario, CA (68) (applications in parentheses).
| Mortgage Company & Address | Equity Wave Lending, Inc. 2355 Main St #230 Irvine, CA 92614 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 |
| Total Number of Mortgage Applications | 546 |
| Total Mortgage Loan Application Amount | $202,520,000 |
| Average Mortgage Loan Application Amount | $370,915 |
| Highest Mortgage Loan Application Amount | $3,565,000 |
| Average Applicant Income | $28,401 |
| Highest Applicant Income | $400,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Equity Wave Lending, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 172 | $ 60,440,000 | $ 351,395 | $ 23,000 |
| Anaheim-Santa Ana-Irvine, CA | 94 | $ 47,100,000 | $ 501,063 | $ 39,000 |
| Riverside-San Bernardino-Ontario, CA | 68 | $ 19,510,000 | $ 286,911 | $ 18,000 |
| San Diego-Carlsbad, CA | 39 | $ 10,735,000 | $ 275,256 | $ 27,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 23 | $ 8,805,000 | $ 382,826 | $ 38,000 |
| Oakland-Hayward-Berkeley, CA | 22 | $ 9,690,000 | $ 440,454 | $ 94,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 11 | $ 2,165,000 | $ 196,818 | $ 28,000 |
| San Francisco-Redwood City-South San Francisco, CA | 11 | $ 2,835,000 | $ 257,727 | $ 18,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 9 | $ 2,265,000 | $ 251,666 | $ 0 |
| Fresno, CA | 7 | $ 1,555,000 | $ 222,142 | $ 9,000 |
| Outside any metro area | 7 | $ 4,935,000 | $ 705,000 | $ 16,500 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 6 | $ 1,590,000 | $ 265,000 | $ 7,000 |
| Atlanta-Sandy Springs-Roswell, GA | 5 | $ 2,175,000 | $ 435,000 | $ 31,000 |
| Bakersfield, CA | 5 | $ 1,335,000 | $ 267,000 | $ 27,000 |
| Houston-The Woodlands-Sugar Land, TX | 5 | $ 1,795,000 | $ 359,000 | $ 7,000 |
| Stockton-Lodi, CA | 5 | $ 1,015,000 | $ 203,000 | $ 30,000 |
| Orlando-Kissimmee-Sanford, FL | 4 | $ 820,000 | $ 205,000 | $ 27,000 |
| Salinas, CA | 4 | $ 990,000 | $ 247,500 | $ 12,000 |
| Santa Maria-Santa Barbara, CA | 4 | $ 5,250,000 | $ 1,312,500 | $ 50,000 |
| Visalia-Porterville, CA | 4 | $ 990,000 | $ 247,500 | $ 80,000 |
| Lakeland-Winter Haven, FL | 3 | $ 725,000 | $ 241,666 | $ 20,000 |
| Merced, CA | 3 | $ 2,095,000 | $ 698,333 | $ 38,000 |
| Dallas-Plano-Irving, TX | 2 | $ 630,000 | $ 315,000 | $ 65,000 |
| Everett, WA | 2 | $ 2,290,000 | $ 1,145,000 | $ 45,000 |
| Gainesville, GA | 2 | $ 270,000 | $ 135,000 | $ 40,000 |
| Santa Rosa, CA | 2 | $ 670,000 | $ 335,000 | $ 4,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 950,000 | $ 475,000 | $ 0 |
| Vallejo-Fairfield, CA | 2 | $ 490,000 | $ 245,000 | $ 9,000 |
| Yuba City, CA | 2 | $ 300,000 | $ 150,000 | $ 18,000 |
| Albuquerque, NM | 1 | $ 165,000 | $ 165,000 | $ 9,000 |
| College Station-Bryan, TX | 1 | $ 995,000 | $ 995,000 | $ 17,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 365,000 | $ 365,000 | $ 27,000 |
| El Centro, CA | 1 | $ 165,000 | $ 165,000 | $ 0 |
| El Paso, TX | 1 | $ 165,000 | $ 165,000 | $ 8,000 |
| Fort Worth-Arlington, TX | 1 | $ 265,000 | $ 265,000 | $ 15,000 |
| Greeley, CO | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Jacksonville, FL | 1 | $ 755,000 | $ 755,000 | $ 15,000 |
| Kansas City, MO-KS | 1 | $ 105,000 | $ 105,000 | $ 0 |
| McAllen-Edinburg-Mission, TX | 1 | $ 395,000 | $ 395,000 | $ 10,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 555,000 | $ 555,000 | $ 0 |
| Modesto, CA | 1 | $ 375,000 | $ 375,000 | $ 13,000 |
| Napa, CA | 1 | $ 175,000 | $ 175,000 | $ 75,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 205,000 | $ 205,000 | $ 0 |
| New Orleans-Metairie, LA | 1 | $ 1,505,000 | $ 1,505,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 345,000 | $ 345,000 | $ 5,000 |
| Punta Gorda, FL | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Santa Cruz-Watsonville, CA | 1 | $ 155,000 | $ 155,000 | $ 17,000 |
| St. Louis, MO-IL | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Tampa, FL | 1 | $ 105,000 | $ 105,000 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 745,000 | $ 745,000 | $ 0 |
Mortgage Loan Application Detail Totals for Equity Wave Lending, 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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 456 | $162,910,000 | $357,000 | $3,565,000 | $27,000 | $400,000 |
| Home Purchase | 45 | $22,605,000 | $502,000 | $2,115,000 | $40,000 | $275,000 |
| Refinancing | 45 | $17,005,000 | $377,000 | $1,115,000 | $31,000 | $200,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 175 | $67,245,000 | $384,000 | $3,125,000 | $28,000 | $400,000 |
| White | 163 | $60,775,000 | $372,000 | $2,505,000 | $21,000 | $75,000 |
| Hispanic | 118 | $34,430,000 | $291,000 | $2,115,000 | $33,000 | $275,000 |
| Asian | 48 | $27,070,000 | $563,000 | $3,565,000 | $54,000 | $200,000 |
| Black or African American | 40 | $12,320,000 | $308,000 | $755,000 | $21,000 | $85,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $485,000 | $485,000 | $485,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $195,000 | $195,000 | $195,000 | $8,000 | $8,000 |
| 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) | 543 | $202,115,000 | $372,000 | $3,565,000 | $30,000 | $400,000 |
| FHA-insured (Federal Housing Administration) | 3 | $405,000 | $135,000 | $155,000 | $7,000 | $11,000 |
| 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 |
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 | 282 | $88,460,000 | $313,000 | $2,205,000 | $33,000 | $110,000 |
| Application Denied By Financial Institution | 123 | $57,915,000 | $470,000 | $3,565,000 | $34,000 | $400,000 |
| Application Withdrawn By Applicant | 100 | $37,940,000 | $379,000 | $1,705,000 | $27,000 | $158,000 |
| Application Approved But Not Accepted | 21 | $7,805,000 | $371,000 | $805,000 | $19,000 | $65,000 |
| File Closed For Incompleteness | 20 | $10,400,000 | $520,000 | $2,105,000 | $17,000 | $50,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 423 | $144,605,000 | $341,000 | $2,205,000 | $26,000 | $158,000 |
| Collateral | 54 | $27,710,000 | $513,000 | $3,125,000 | $37,000 | $400,000 |
| Credit History | 31 | $11,145,000 | $359,000 | $1,625,000 | $32,000 | $187,000 |
| Other | 16 | $9,210,000 | $575,000 | $2,115,000 | $33,000 | $200,000 |
| Unverifiable Information | 11 | $6,775,000 | $615,000 | $3,565,000 | $33,000 | $100,000 |
| Employment History | 7 | $1,635,000 | $233,000 | $405,000 | $13,000 | $25,000 |
| Debt-To-Income Ratio | 2 | $840,000 | $420,000 | $755,000 | $47,000 | $85,000 |
| Credit Application Incomplete | 2 | $600,000 | $300,000 | $455,000 | $50,000 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 Wave Lending, 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 Wave Lending, 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 California, download the full spreadsheet
with aggregated HMDA statistics today.
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