Eustis Mortgage Corp Mortgage Lending & HMDA Data, 2016

In 2016, Eustis Mortgage Corp of New Orleans, LA reported 2,205 mortgage applications totaling $434.8 million, up 65% from 2015. The average application was for $197,196, and applicants reported an average income of $90,837. 84% of its applications resulted in an originated loan and 7% were denied. Its largest markets were New Orleans-Metairie, LA (597), Baton Rouge, LA (374) and Shreveport-Bossier City, LA (251) (applications in parentheses).

Mortgage Company & Address Eustis Mortgage Corp
1100 Poydras Street Suite 2525
New Orleans, LA 70115
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  
Total Number of Mortgage Applications 2,205
Total Mortgage Loan Application Amount $434,819,000
Average Mortgage Loan Application Amount $197,196
Highest Mortgage Loan Application Amount $2,014,000
Average Applicant Income $90,837
Highest Applicant Income $2,370,000

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Act (HMDA) records Eustis Mortgage Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

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Mortgage Loan Application Detail Totals for Eustis Mortgage Corp 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 1,717 $323,002,000 $188,000 $2,014,000 $84,000 $2,370,000
Refinancing 470 $108,881,000 $231,000 $910,000 $116,000 $1,099,000
Home Improvement 18 $2,936,000 $163,000 $330,000 $86,000 $221,000

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 1,595 $325,550,000 $204,000 $2,014,000 $96,000 $2,370,000
Black or African American 289 $47,709,000 $165,000 $704,000 $69,000 $880,000
Hispanic 201 $34,948,000 $173,000 $417,000 $71,000 $237,000
Not Provided 56 $12,021,000 $214,000 $690,000 $106,000 $345,000
Asian 53 $12,100,000 $228,000 $561,000 $113,000 $1,099,000
American Indian or Alaskan Native 7 $1,669,000 $238,000 $492,000 $110,000 $266,000
Native Hawaiin or Other Pacific Islander 4 $822,000 $205,000 $237,000 $87,000 $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) 1,046 $237,011,000 $226,000 $2,014,000 $119,000 $2,370,000
FHA-insured (Federal Housing Administration) 728 $117,950,000 $162,000 $445,000 $64,000 $247,000
VA-guaranteed (Veterans Administration) 259 $55,073,000 $212,000 $704,000 $79,000 $195,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 172 $24,785,000 $144,000 $318,000 $48,000 $108,000

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 1,862 $371,777,000 $199,000 $2,014,000 $91,000 $2,370,000
Application Withdrawn By Applicant 189 $38,919,000 $205,000 $690,000 $110,000 $1,100,000
Application Denied By Financial Institution 151 $23,428,000 $155,000 $585,000 $63,000 $340,000
File Closed For Incompleteness 3 $695,000 $231,000 $280,000 $58,000 $118,000
Application Approved But Not Accepted 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
Debt-To-Income Ratio 44 $6,792,000 $154,000 $368,000 $53,000 $132,000
Collateral 34 $4,639,000 $136,000 $402,000 $65,000 $340,000
Credit History 29 $5,257,000 $181,000 $585,000 $73,000 $198,000
Other 10 $1,500,000 $150,000 $230,000 $62,000 $95,000
Employment History 8 $1,116,000 $139,000 $285,000 $57,000 $75,000
Insufficient Cash (Downpayment, Closing Cost) 6 $717,000 $119,000 $235,000 $40,000 $68,000
Unverifiable Information 5 $778,000 $155,000 $268,000 $70,000 $106,000
Credit Application Incomplete 3 $616,000 $205,000 $417,000 $25,000 $45,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Eustis Mortgage Corp'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 Eustis Mortgage Corp'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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