Fairway Funding Group, Inc Mortgage Lending & HMDA Data, 2014

In 2014, Fairway Funding Group, Inc of Lakewood Ranch, FL reported 463 mortgage applications totaling $112.0 million. The average application was for $241,863, and applicants reported an average income of $137,390. 89% of its applications resulted in an originated loan and 3% were denied. Its largest markets were North Port-Sarasota-Bradenton, FL (348), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (41) and West Palm Beach-Boca Raton-Delray Beach, FL (20) (applications in parentheses).

Mortgage Company & Address Fairway Funding Group, Inc
8235 Natures Way
Lakewood Ranch, FL 34202
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  
Total Number of Mortgage Applications 463
Total Mortgage Loan Application Amount $111,983,000
Average Mortgage Loan Application Amount $241,863
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $137,390
Highest Applicant Income $4,668,000

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records Fairway Funding Group, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Mortgage Loan Application Totals for Fairway Funding Group, Inc by County in 2014

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Manatee, Florida 250 $ 63,088,000 $ 252,352 $ 143,000
Sarasota, Florida 98 $ 22,457,000 $ 229,153 $ 148,000
Broward, Florida 41 $ 9,508,000 $ 231,902 $ 107,000
Palm Beach, Florida 20 $ 4,907,000 $ 245,350 $ 169,000
Lee, Florida 18 $ 3,563,000 $ 197,944 $ 99,000
Hillsborough, Florida 8 $ 1,843,000 $ 230,375 $ 92,000
Charlotte, Florida 7 $ 1,457,000 $ 208,142 $ 80,000
Miami-Dade, Florida 4 $ 1,099,000 $ 274,750 $ 144,000
Pinellas, Florida 4 $ 644,000 $ 161,000 $ 64,000
Orange, Florida 3 $ 830,000 $ 276,666 $ 127,000
Martin, Florida 2 $ 622,000 $ 311,000 $ 127,000
Osceola, Florida 2 $ 223,000 $ 111,500 $ 41,000
Flagler, Florida 1 $ 355,000 $ 355,000 $ 351,000
Gulf, Florida 1 $ 340,000 $ 340,000 $ 148,000
Highlands, Florida 1 $ 56,000 $ 56,000 $ 26,000
Monroe, Florida 1 $ 600,000 $ 600,000 $ 400,000
Pasco, Florida 1 $ 116,000 $ 116,000 $ 30,000

Mortgage Loan Application Detail Totals for Fairway Funding Group, Inc in 2014

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 413 $97,319,000 $235,000 $1,500,000 $124,000 $2,315,000
Refinancing 50 $14,664,000 $293,000 $1,460,000 $248,000 $4,668,000
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
White 405 $98,197,000 $242,000 $1,500,000 $131,000 $2,315,000
Hispanic 43 $10,695,000 $248,000 $1,460,000 $223,000 $4,668,000
Black or African American 8 $1,902,000 $237,000 $398,000 $76,000 $167,000
Native Hawaiian or Other Pacific Islander 3 $593,000 $197,000 $252,000 $63,000 $75,000
Asian 3 $524,000 $174,000 $259,000 $63,000 $110,000
Not Provided 1 $72,000 $72,000 $72,000 $120,000 $120,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
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) 410 $99,061,000 $241,000 $1,500,000 $144,000 $4,668,000
VA-guaranteed (Veterans Administration) 44 $11,350,000 $257,000 $631,000 $98,000 $597,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 7 $1,184,000 $169,000 $237,000 $54,000 $68,000
FHA-insured (Federal Housing Administration) 2 $388,000 $194,000 $275,000 $64,000 $93,000

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 411 $96,677,000 $235,000 $907,000 $122,000 $872,000
Application Withdrawn By Applicant 36 $10,968,000 $304,000 $1,500,000 $325,000 $4,668,000
Application Denied By Financial Institution 12 $2,696,000 $224,000 $375,000 $82,000 $202,000
Application Approved But Not Accepted 3 $1,367,000 $455,000 $1,060,000 $283,000 $512,000
Preapproval Approved but not Accepted 1 $275,000 $275,000 $275,000 $93,000 $93,000
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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 4 $672,000 $168,000 $283,000 $78,000 $164,000
Collateral 4 $995,000 $248,000 $375,000 $96,000 $202,000
Debt-To-Income Ratio 3 $796,000 $265,000 $339,000 $65,000 $89,000
Mortgage Insurance Denied 1 $233,000 $233,000 $233,000 $97,000 $97,000
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Fairway Funding Group, Inc's 2014 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 Fairway Funding Group, 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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