Fairway Funding Group, Inc Mortgage Lending & HMDA Data, 2019
In 2019, Fairway Funding Group, Inc of Lakewood Ranch, FL reported 862 mortgage applications totaling $238.7 million, up 28% from 2018. The average application was for $276,925, and applicants reported an average income of $119,349. 86% of its applications resulted in an originated loan and 5% were denied. Its largest markets were North Port-Sarasota-Bradenton, FL (535), Tampa-St. Petersburg-Clearwater, FL (80) and Cape Coral-Fort Myers, FL (58) (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 | 862 |
| Total Mortgage Loan Application Amount | $238,710,000 |
| Average Mortgage Loan Application Amount | $276,925 |
| Highest Mortgage Loan Application Amount | $1,725,000 |
| Average Applicant Income | $119,349 |
| Highest Applicant Income | $1,603,000 |
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records Fairway Funding Group, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| North Port-Sarasota-Bradenton, FL | 535 | $ 155,235,000 | $ 290,158 | $ 129,000 |
| Tampa-St. Petersburg-Clearwater, FL | 80 | $ 20,130,000 | $ 251,625 | $ 104,000 |
| Cape Coral-Fort Myers, FL | 58 | $ 14,720,000 | $ 253,793 | $ 118,000 |
| Punta Gorda, FL | 50 | $ 9,150,000 | $ 183,000 | $ 79,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 46 | $ 14,730,000 | $ 320,217 | $ 121,000 |
| Naples-Immokalee-Marco Island, FL | 37 | $ 11,025,000 | $ 297,972 | $ 110,000 |
| Lakeland-Winter Haven, FL | 14 | $ 3,260,000 | $ 232,857 | $ 109,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 14 | $ 4,030,000 | $ 287,857 | $ 111,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 6 | $ 1,620,000 | $ 270,000 | $ 95,000 |
| Orlando-Kissimmee-Sanford, FL | 6 | $ 1,220,000 | $ 203,333 | $ 112,000 |
| Outside any metro area | 4 | $ 920,000 | $ 230,000 | $ 53,000 |
| Port St. Lucie, FL | 3 | $ 645,000 | $ 215,000 | $ 141,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 450,000 | $ 225,000 | $ 81,000 |
| Homosassa Springs, FL | 1 | $ 135,000 | $ 135,000 | $ 119,000 |
| Jacksonville, FL | 1 | $ 315,000 | $ 315,000 | $ 100,000 |
| Panama City, FL | 1 | $ 245,000 | $ 245,000 | $ 67,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 75,000 | $ 75,000 | $ 40,000 |
| Sebastian-Vero Beach, FL | 1 | $ 185,000 | $ 185,000 | $ 46,000 |
| Sebring, FL | 1 | $ 385,000 | $ 385,000 | $ 0 |
| Tallahassee, FL | 1 | $ 235,000 | $ 235,000 | $ 130,000 |
Mortgage Loan Application Detail Totals for Fairway Funding Group, Inc in 2019
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 | 691 | $190,945,000 | $276,000 | $1,725,000 | $118,000 | $1,603,000 |
| Cash-out Refinancing | 94 | $23,440,000 | $249,000 | $825,000 | $123,000 | $1,338,000 |
| Refinancing | 77 | $24,325,000 | $315,000 | $1,045,000 | $127,000 | $624,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 700 | $198,090,000 | $282,000 | $1,725,000 | $126,000 | $1,603,000 |
| Hispanic | 95 | $22,215,000 | $233,000 | $725,000 | $87,000 | $326,000 |
| Black or African American | 46 | $12,570,000 | $273,000 | $675,000 | $101,000 | $254,000 |
| Asian | 19 | $5,395,000 | $283,000 | $545,000 | $114,000 | $282,000 |
| Not Provided | 2 | $440,000 | $220,000 | $245,000 | $126,000 | $146,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 576 | $164,070,000 | $284,000 | $1,725,000 | $140,000 | $1,603,000 |
| FHA-insured (Federal Housing Administration) | 208 | $48,830,000 | $234,000 | $415,000 | $75,000 | $197,000 |
| VA-guaranteed (Veterans Administration) | 74 | $24,960,000 | $337,000 | $965,000 | $88,000 | $391,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $850,000 | $212,000 | $275,000 | $65,000 | $75,000 |
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 | 740 | $205,440,000 | $277,000 | $1,725,000 | $120,000 | $1,603,000 |
| Application Withdrawn By Applicant | 73 | $20,995,000 | $287,000 | $815,000 | $133,000 | $1,338,000 |
| Application Denied By Financial Institution | 42 | $10,710,000 | $255,000 | $985,000 | $95,000 | $290,000 |
| Application Approved But Not Accepted | 5 | $1,145,000 | $229,000 | $325,000 | $84,000 | $122,000 |
| File Closed For Incompleteness | 1 | $215,000 | $215,000 | $215,000 | $59,000 | $59,000 |
| Preapproval Denied by Financial Institution | 1 | $205,000 | $205,000 | $205,000 | $70,000 | $70,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 819 | $227,795,000 | $278,000 | $1,725,000 | $121,000 | $1,603,000 |
| Credit History | 15 | $3,565,000 | $237,000 | $525,000 | $80,000 | $142,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 14 | $3,800,000 | $271,000 | $985,000 | $101,000 | $290,000 |
| Debt-To-Income Ratio | 11 | $2,875,000 | $261,000 | $365,000 | $104,000 | $232,000 |
| Unverifiable Information | 2 | $440,000 | $220,000 | $235,000 | $98,000 | $127,000 |
| Collateral | 1 | $235,000 | $235,000 | $235,000 | $96,000 | $96,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fairway Funding Group, Inc's 2019 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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