Farm Credit of Central Florida, Aca Mortgage Lending & HMDA Data, 2018
In 2018, Farm Credit of Central Florida, Aca of Lakeland, FL reported 79 mortgage applications totaling $24.7 million. The average application was for $312,215, and applicants reported an average income of $141,000. 23% of its applications resulted in an originated loan and 32% were denied. Its largest markets were Tampa-St. Petersburg-Clearwater, FL (30), Orlando-Kissimmee-Sanford, FL (13) and Lakeland-Winter Haven, FL (12) (applications in parentheses).
| Mortgage Company & Address | Farm Credit of Central Florida, Aca 115 S Missouri Ave Suite 400 Lakeland, FL 33815 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 |
| Total Number of Mortgage Applications | 79 |
| Total Mortgage Loan Application Amount | $24,665,000 |
| Average Mortgage Loan Application Amount | $312,215 |
| Highest Mortgage Loan Application Amount | $945,000 |
| Average Applicant Income | $141,000 |
| Highest Applicant Income | $628,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farm Credit of Central Florida, Aca filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hillsborough, Florida | 22 | $ 6,170,000 | $ 280,454 | $ 134,000 |
| Polk, Florida | 12 | $ 2,940,000 | $ 245,000 | $ 89,000 |
| Lake, Florida | 11 | $ 4,775,000 | $ 434,090 | $ 285,000 |
| Sumter, Florida | 6 | $ 2,140,000 | $ 356,666 | $ 152,000 |
| Pasco, Florida | 5 | $ 1,295,000 | $ 259,000 | $ 83,000 |
| Hernando, Florida | 3 | $ 885,000 | $ 295,000 | $ 87,000 |
| Volusia, Florida | 3 | $ 665,000 | $ 221,666 | $ 83,000 |
| Brevard, Florida | 2 | $ 620,000 | $ 310,000 | $ 176,000 |
| Citrus, Florida | 1 | $ 435,000 | $ 435,000 | $ 127,000 |
| Indian River, Florida | 1 | $ 275,000 | $ 275,000 | $ 171,000 |
| Orange, Florida | 1 | $ 335,000 | $ 335,000 | $ 149,000 |
| Osceola, Florida | 1 | $ 945,000 | $ 945,000 | $ 195,000 |
Mortgage Loan Application Detail Totals for Farm Credit of Central Florida, Aca in 2018
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 | 40 | $13,770,000 | $344,000 | $945,000 | $135,000 | $389,000 |
| Refinancing | 35 | $9,845,000 | $281,000 | $655,000 | $149,000 | $628,000 |
| Cash-out Refinancing | 3 | $705,000 | $235,000 | $405,000 | $149,000 | $342,000 |
| Other Purpose | 1 | $345,000 | $345,000 | $345,000 | $77,000 | $77,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 60 | $19,260,000 | $321,000 | $755,000 | $139,000 | $589,000 |
| Not Provided | 8 | $2,900,000 | $362,000 | $945,000 | $229,000 | $628,000 |
| Hispanic | 8 | $1,620,000 | $202,000 | $345,000 | $85,000 | $132,000 |
| Black or African American | 2 | $720,000 | $360,000 | $435,000 | $91,000 | $91,000 |
| Asian | 1 | $165,000 | $165,000 | $165,000 | $63,000 | $63,000 |
| 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) | 79 | $24,665,000 | $312,000 | $945,000 | $141,000 | $628,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 28 | $9,250,000 | $330,000 | $755,000 | $121,000 | $389,000 |
| Application Denied By Financial Institution | 25 | $7,405,000 | $296,000 | $945,000 | $96,000 | $342,000 |
| Loan Originated | 18 | $5,780,000 | $321,000 | $725,000 | $238,000 | $628,000 |
| Application Approved But Not Accepted | 6 | $1,470,000 | $245,000 | $725,000 | $111,000 | $361,000 |
| File Closed For Incompleteness | 2 | $760,000 | $380,000 | $425,000 | $184,000 | $219,000 |
| 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 | 54 | $17,260,000 | $319,000 | $755,000 | $161,000 | $628,000 |
| Credit History | 9 | $2,195,000 | $243,000 | $405,000 | $104,000 | $342,000 |
| Debt-To-Income Ratio | 8 | $2,770,000 | $346,000 | $945,000 | $82,000 | $195,000 |
| Other | 4 | $1,630,000 | $407,000 | $555,000 | $86,000 | $117,000 |
| Collateral | 2 | $400,000 | $200,000 | $225,000 | $123,000 | $132,000 |
| Unverifiable Information | 1 | $205,000 | $205,000 | $205,000 | $133,000 | $133,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $205,000 | $205,000 | $205,000 | $72,000 | $72,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farm Credit of Central Florida, Aca's 2018 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 Farm Credit of Central Florida, Aca'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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