Eustis Mortgage Corp Mortgage Lending & HMDA Data, 2017

In 2017, Eustis Mortgage Corp of New Orleans, LA reported 3,762 mortgage applications totaling $704.0 million, up 71% from 2016. The average application was for $187,144, and applicants reported an average income of $86,288. 78% of its applications resulted in an originated loan and 4% were denied. Its largest markets were New Orleans-Metairie, LA (593), Baton Rouge, LA (450) and Houston-The Woodlands-Sugar Land, TX (408) (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 3,762
Total Mortgage Loan Application Amount $704,039,000
Average Mortgage Loan Application Amount $187,144
Highest Mortgage Loan Application Amount $1,264,000
Average Applicant Income $86,288
Highest Applicant Income $2,413,000

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Act (HMDA) records Eustis Mortgage Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2017

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 3,098 $577,748,000 $186,000 $749,000 $82,000 $1,179,000
Refinancing 628 $119,500,000 $190,000 $1,264,000 $107,000 $2,413,000
Home Improvement 36 $6,791,000 $188,000 $372,000 $94,000 $490,000

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 2,446 $466,054,000 $190,000 $854,000 $90,000 $2,413,000
Black or African American 522 $89,495,000 $171,000 $424,000 $66,000 $268,000
Hispanic 502 $90,264,000 $179,000 $1,264,000 $80,000 $413,000
Not Provided 162 $34,557,000 $213,000 $705,000 $103,000 $1,237,000
Asian 115 $20,691,000 $179,000 $424,000 $102,000 $792,000
American Indian or Alaskan Native 13 $2,500,000 $192,000 $336,000 $83,000 $172,000
Native Hawaiian or Other Pacific Islander 2 $478,000 $239,000 $252,000 $50,000 $52,000
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) 1,626 $333,993,000 $205,000 $1,264,000 $111,000 $2,413,000
FHA-insured (Federal Housing Administration) 1,442 $246,875,000 $171,000 $428,000 $69,000 $277,000
VA-guaranteed (Veterans Administration) 386 $77,851,000 $201,000 $749,000 $76,000 $313,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 308 $45,320,000 $147,000 $301,000 $51,000 $99,000

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 2,933 $550,909,000 $187,000 $1,264,000 $85,000 $1,174,000
Application Withdrawn By Applicant 655 $123,114,000 $187,000 $654,000 $91,000 $2,413,000
Application Denied By Financial Institution 160 $27,577,000 $172,000 $705,000 $85,000 $1,237,000
File Closed For Incompleteness 9 $1,673,000 $185,000 $424,000 $77,000 $176,000
Application Approved But Not Accepted 5 $766,000 $153,000 $246,000 $73,000 $115,000
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
Debt-To-Income Ratio 51 $7,781,000 $152,000 $424,000 $56,000 $190,000
Credit History 28 $4,583,000 $163,000 $315,000 $73,000 $178,000
Collateral 24 $5,065,000 $211,000 $705,000 $132,000 $1,237,000
Other 14 $2,141,000 $152,000 $312,000 $98,000 $262,000
Unverifiable Information 11 $1,643,000 $149,000 $223,000 $59,000 $129,000
Employment History 8 $1,370,000 $171,000 $290,000 $61,000 $116,000
Insufficient Cash (Downpayment, Closing Cost) 8 $1,578,000 $197,000 $424,000 $71,000 $197,000
Credit Application Incomplete 6 $1,371,000 $228,000 $337,000 $79,000 $231,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Eustis Mortgage Corp's 2017 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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