Finance of America Mortgage LLC Mortgage Lending & HMDA Data, 2023

In 2023, Finance of America Mortgage LLC of Wilmington, DE reported 1,019 mortgage applications totaling $237.4 million, down 98% from 2022. The average application was for $233,007, and applicants reported an average income of $146,213. 40% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Chicago-Naperville, IL (135), Philadelphia, PA (40) and Milwaukee-Waukesha-West Allis, WI (30) (applications in parentheses).

Mortgage Company & Address Finance of America Mortgage LLC
300 Welsh Road Building 5
Wilmington, DE 19044
Tel #: available with data download
Federal Regulator * available with data download
Years 2023  2022  2021  2020  2019  2018  2017  2016  2015  
Total Number of Mortgage Applications 1,019
Total Mortgage Loan Application Amount $237,435,000
Average Mortgage Loan Application Amount $233,007
Highest Mortgage Loan Application Amount $3,085,000
Average Applicant Income $146,213
Highest Applicant Income $440,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Finance of America Mortgage LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Finance of America Mortgage LLC by Metropolitan Area in 2023

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Chicago-Naperville, IL 135 $ 28,785,000 $ 213,222 $ 0
Outside any metro area 60 $ 11,320,000 $ 188,666 $ 41,000
Philadelphia, PA 40 $ 6,330,000 $ 158,250 $ 0
Milwaukee-Waukesha-West Allis, WI 30 $ 2,920,000 $ 97,333 $ 0
Atlanta-Sandy Springs-Roswell, GA 27 $ 6,715,000 $ 248,703 $ 0
Baltimore-Columbia-Towson, MD 23 $ 3,705,000 $ 161,086 $ 0
Detroit-Dearborn-Livonia, MI 22 $ 2,480,000 $ 112,727 $ 0
Indianapolis-Carmel-Anderson, IN 22 $ 2,690,000 $ 122,272 $ 0
New York-Jersey City-White Plains, NY-NJ 21 $ 9,715,000 $ 462,619 $ 0
Memphis, TN-MS-AR 20 $ 2,680,000 $ 134,000 $ 0
Riverside-San Bernardino-Ontario, CA 17 $ 7,235,000 $ 425,588 $ 155,000
Houston-The Woodlands-Sugar Land, TX 16 $ 4,140,000 $ 258,750 $ 199,000
Kansas City, MO-KS 14 $ 2,180,000 $ 155,714 $ 440,000
New York-Newark, NY 14 $ 4,790,000 $ 342,142 $ 0
Camden, NJ 13 $ 1,765,000 $ 135,769 $ 67,000
Elgin, IL 13 $ 2,275,000 $ 175,000 $ 0
Washington-Arlington-Alexandria, DC-VA-MD-WV 13 $ 2,955,000 $ 227,307 $ 0
Birmingham-Hoover, AL 12 $ 1,610,000 $ 134,166 $ 0
Fort Worth-Arlington, TX 12 $ 2,370,000 $ 197,500 $ 0
San Antonio-New Braunfels, TX 12 $ 2,010,000 $ 167,500 $ 0
Columbus, OH 11 $ 2,085,000 $ 189,545 $ 0
Jacksonville, FL 11 $ 1,625,000 $ 147,727 $ 0
Pittsburgh, PA 11 $ 1,495,000 $ 135,909 $ 0
Wilmington, DE-MD-NJ 11 $ 1,855,000 $ 168,636 $ 0
Charleston-North Charleston, SC 10 $ 2,830,000 $ 283,000 $ 0
Las Vegas-Henderson-Paradise, NV 10 $ 6,610,000 $ 661,000 $ 124,000
Tampa-St. Petersburg-Clearwater, FL 10 $ 3,300,000 $ 330,000 $ 0
Charlotte-Concord-Gastonia, NC-SC 9 $ 1,895,000 $ 210,555 $ 0
Cincinnati, OH-KY-IN 9 $ 1,565,000 $ 173,888 $ 0
Virginia Beach-Norfolk-Newport News, VA-NC 9 $ 3,825,000 $ 425,000 $ 0
Warren-Troy-Farmington Hills, MI 9 $ 1,655,000 $ 183,888 $ 0
Montgomery County-Bucks County-Chester County, PA 8 $ 1,900,000 $ 237,500 $ 201,000
New Haven-Milford, CT 8 $ 1,470,000 $ 183,750 $ 0
Cleveland-Elyria, OH 7 $ 795,000 $ 113,571 $ 0
Dallas-Plano-Irving, TX 7 $ 1,225,000 $ 175,000 $ 0
Gary, IN 7 $ 915,000 $ 130,714 $ 0
Hartford-West Hartford-East Hartford, CT 7 $ 3,985,000 $ 569,285 $ 0
Los Angeles-Long Beach-Glendale, CA 7 $ 5,255,000 $ 750,714 $ 105,000
Nassau County-Suffolk County, NY 7 $ 3,745,000 $ 535,000 $ 0
Newark, NJ-PA 7 $ 3,375,000 $ 482,142 $ 0
St. Louis, MO-IL 7 $ 615,000 $ 87,857 $ 0
Lake County-Kenosha County, IL-WI 6 $ 1,200,000 $ 200,000 $ 0
Miami-Miami Beach-Kendall, FL 6 $ 3,280,000 $ 546,666 $ 0
New Orleans-Metairie, LA 6 $ 640,000 $ 106,666 $ 0
Oklahoma City, OK 6 $ 1,000,000 $ 166,666 $ 0
Phoenix-Mesa-Scottsdale, AZ 6 $ 3,930,000 $ 655,000 $ 131,000
Portland-Vancouver-Hillsboro, OR-WA 6 $ 2,020,000 $ 336,666 $ 0
Trenton, NJ 6 $ 1,110,000 $ 185,000 $ 0
Albuquerque, NM 5 $ 1,435,000 $ 287,000 $ 0
Boise City, ID 5 $ 1,415,000 $ 283,000 $ 0
Buffalo-Cheektowaga-Niagara Falls, NY 5 $ 765,000 $ 153,000 $ 0
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 5 $ 2,165,000 $ 433,000 $ 0
Port St. Lucie, FL 5 $ 1,795,000 $ 359,000 $ 0
Reno, NV 5 $ 2,075,000 $ 415,000 $ 158,000
Visalia-Porterville, CA 5 $ 1,295,000 $ 259,000 $ 161,000
Youngstown-Warren-Boardman, OH-PA 5 $ 395,000 $ 79,000 $ 0
Austin-Round Rock, TX 4 $ 880,000 $ 220,000 $ 0
Deltona-Daytona Beach-Ormond Beach, FL 4 $ 700,000 $ 175,000 $ 129,000
Durham-Chapel Hill, NC 4 $ 1,230,000 $ 307,500 $ 0
Evansville, IN-KY 4 $ 350,000 $ 87,500 $ 0
Fort Wayne, IN 4 $ 350,000 $ 87,500 $ 0
Killeen-Temple, TX 4 $ 1,390,000 $ 347,500 $ 0
Lake Havasu City-Kingman, AZ 4 $ 2,300,000 $ 575,000 $ 0
Punta Gorda, FL 4 $ 990,000 $ 247,500 $ 0
Sacramento--Roseville--Arden-Arcade, CA 4 $ 750,000 $ 187,500 $ 79,000
Scranton--Wilkes-Barre--Hazleton, PA 4 $ 350,000 $ 87,500 $ 0
Atlantic City-Hammonton, NJ 3 $ 535,000 $ 178,333 $ 0
Cape Coral-Fort Myers, FL 3 $ 775,000 $ 258,333 $ 0
Denver-Aurora-Lakewood, CO 3 $ 1,135,000 $ 378,333 $ 117,000
Grand Rapids-Wyoming, MI 3 $ 485,000 $ 161,666 $ 73,000
Green Bay, WI 3 $ 665,000 $ 221,666 $ 0
Kennewick-Richland, WA 3 $ 635,000 $ 211,666 $ 0
Lakeland-Winter Haven, FL 3 $ 485,000 $ 161,666 $ 0
Little Rock-North Little Rock-Conway, AR 3 $ 445,000 $ 148,333 $ 0
Midland, TX 3 $ 465,000 $ 155,000 $ 0
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 3 $ 615,000 $ 205,000 $ 0
Orlando-Kissimmee-Sanford, FL 3 $ 515,000 $ 171,666 $ 0
Richmond, VA 3 $ 415,000 $ 138,333 $ 0
Shreveport-Bossier City, LA 3 $ 495,000 $ 165,000 $ 0
Tyler, TX 3 $ 585,000 $ 195,000 $ 0
Vineland-Bridgeton, NJ 3 $ 365,000 $ 121,666 $ 0
Yuba City, CA 3 $ 1,165,000 $ 388,333 $ 0
Anaheim-Santa Ana-Irvine, CA 2 $ 1,030,000 $ 515,000 $ 215,000
Anchorage, AK 2 $ 1,320,000 $ 660,000 $ 184,000
Asheville, NC 2 $ 540,000 $ 270,000 $ 0
Athens-Clarke County, GA 2 $ 610,000 $ 305,000 $ 0
Augusta-Richmond County, GA-SC 2 $ 260,000 $ 130,000 $ 0
Boston, MA 2 $ 1,090,000 $ 545,000 $ 0
Chattanooga, TN-GA 2 $ 390,000 $ 195,000 $ 0
Columbia, SC 2 $ 330,000 $ 165,000 $ 0
Dayton-Springfield-Kettering, OH 2 $ 210,000 $ 105,000 $ 0
Dover, DE 2 $ 460,000 $ 230,000 $ 0
East Stroudsburg, PA 2 $ 260,000 $ 130,000 $ 0
Fayetteville, NC 2 $ 230,000 $ 115,000 $ 0
Greeley, CO 2 $ 650,000 $ 325,000 $ 0
Gulfport-Biloxi-Pascagoula, MS 2 $ 350,000 $ 175,000 $ 0
Hanford-Corcoran, CA 2 $ 770,000 $ 385,000 $ 144,000
Hilton Head Island-Bluffton-Beaufort, SC 2 $ 390,000 $ 195,000 $ 0
Lansing-East Lansing, MI 2 $ 210,000 $ 105,000 $ 0
Michigan City-La Porte, IN 2 $ 230,000 $ 115,000 $ 0
Minneapolis-St. Paul-Bloomington, MN-WI 2 $ 390,000 $ 195,000 $ 0
Peoria, IL 2 $ 130,000 $ 65,000 $ 0
Providence-Warwick, RI-MA 2 $ 530,000 $ 265,000 $ 0
Pueblo, CO 2 $ 480,000 $ 240,000 $ 81,000
Raleigh, NC 2 $ 750,000 $ 375,000 $ 0
Rochester, NY 2 $ 160,000 $ 80,000 $ 0
San Diego-Carlsbad, CA 2 $ 1,050,000 $ 525,000 $ 0
Seattle-Bellevue-Everett, WA 2 $ 1,130,000 $ 565,000 $ 0
Spokane-Spokane Valley, WA 2 $ 460,000 $ 230,000 $ 120,000
Springfield, MA 2 $ 1,210,000 $ 605,000 $ 0
Syracuse, NY 2 $ 210,000 $ 105,000 $ 0
Tallahassee, FL 2 $ 190,000 $ 95,000 $ 0
Tucson, AZ 2 $ 290,000 $ 145,000 $ 0
Valdosta, GA 2 $ 210,000 $ 105,000 $ 0
Wichita, KS 2 $ 210,000 $ 105,000 $ 0
York-Hanover, PA 2 $ 1,100,000 $ 550,000 $ 164,000
Akron, OH 1 $ 85,000 $ 85,000 $ 0
Albany-Schenectady-Troy, NY 1 $ 95,000 $ 95,000 $ 0
Bakersfield, CA 1 $ 135,000 $ 135,000 $ 0
Baton Rouge, LA 1 $ 175,000 $ 175,000 $ 0
Bridgeport-Stamford-Norwalk, CT 1 $ 75,000 $ 75,000 $ 0
Brownsville-Harlingen, TX 1 $ 125,000 $ 125,000 $ 0
Cambridge-Newton-Framingham, MA 1 $ 515,000 $ 515,000 $ 0
Canton-Massillon, OH 1 $ 85,000 $ 85,000 $ 0
Charleston, WV 1 $ 55,000 $ 55,000 $ 0
Danville, IL 1 $ 85,000 $ 85,000 $ 0
Davenport-Moline-Rock Island, IA-IL 1 $ 95,000 $ 95,000 $ 0
Eugene, OR 1 $ 505,000 $ 505,000 $ 0
Flint, MI 1 $ 295,000 $ 295,000 $ 0
Florence, SC 1 $ 135,000 $ 135,000 $ 0
Fresno, CA 1 $ 645,000 $ 645,000 $ 287,000
Great Falls, MT 1 $ 145,000 $ 145,000 $ 0
Greenville-Anderson-Mauldin, SC 1 $ 165,000 $ 165,000 $ 0
Harrisburg-Carlisle, PA 1 $ 105,000 $ 105,000 $ 0
Jackson, MS 1 $ 85,000 $ 85,000 $ 0
Jackson, TN 1 $ 55,000 $ 55,000 $ 0
Janesville-Beloit, WI 1 $ 75,000 $ 75,000 $ 0
Kalamazoo-Portage, MI 1 $ 145,000 $ 145,000 $ 0
Kingston, NY 1 $ 125,000 $ 125,000 $ 0
Lafayette, LA 1 $ 105,000 $ 105,000 $ 0
Lafayette-West Lafayette, IN 1 $ 265,000 $ 265,000 $ 0
Lake Charles, LA 1 $ 115,000 $ 115,000 $ 0
Lancaster, PA 1 $ 85,000 $ 85,000 $ 0
Louisville/Jefferson County, KY-IN 1 $ 125,000 $ 125,000 $ 0
Macon-Bibb County, GA 1 $ 85,000 $ 85,000 $ 0
Madera, CA 1 $ 635,000 $ 635,000 $ 109,000
Montgomery, AL 1 $ 225,000 $ 225,000 $ 0
Morristown, TN 1 $ 85,000 $ 85,000 $ 0
Muncie, IN 1 $ 155,000 $ 155,000 $ 0
Nashville-Davidson--Murfreesboro--Franklin, TN 1 $ 965,000 $ 965,000 $ 0
Niles-Benton Harbor, MI 1 $ 155,000 $ 155,000 $ 0
North Port-Sarasota-Bradenton, FL 1 $ 325,000 $ 325,000 $ 0
Ogden-Clearfield, UT 1 $ 515,000 $ 515,000 $ 0
Omaha-Council Bluffs, NE-IA 1 $ 235,000 $ 235,000 $ 0
Oshkosh-Neenah, WI 1 $ 155,000 $ 155,000 $ 0
Palm Bay-Melbourne-Titusville, FL 1 $ 145,000 $ 145,000 $ 0
Pensacola-Ferry Pass-Brent, FL 1 $ 125,000 $ 125,000 $ 0
Prescott Valley-Prescott, AZ 1 $ 415,000 $ 415,000 $ 145,000
Racine, WI 1 $ 125,000 $ 125,000 $ 0
Rockingham County-Strafford County, NH 1 $ 485,000 $ 485,000 $ 0
Rocky Mount, NC 1 $ 65,000 $ 65,000 $ 0
Saginaw, MI 1 $ 175,000 $ 175,000 $ 0
Salinas, CA 1 $ 1,035,000 $ 1,035,000 $ 0
San Francisco-Redwood City-South San Francisco, CA 1 $ 545,000 $ 545,000 $ 0
San Jose-Sunnyvale-Santa Clara, CA 1 $ 495,000 $ 495,000 $ 0
Savannah, GA 1 $ 195,000 $ 195,000 $ 0
St. George, UT 1 $ 745,000 $ 745,000 $ 0
Staunton-Waynesboro, VA 1 $ 275,000 $ 275,000 $ 0
Sumter, SC 1 $ 105,000 $ 105,000 $ 0
Tacoma-Lakewood, WA 1 $ 355,000 $ 355,000 $ 0
Urban Honolulu, HI 1 $ 135,000 $ 135,000 $ 0
Victoria, TX 1 $ 135,000 $ 135,000 $ 0
Waco, TX 1 $ 155,000 $ 155,000 $ 0
Warner Robins, GA 1 $ 175,000 $ 175,000 $ 0
Washington-Baltimore-Arlington, DC 1 $ 375,000 $ 375,000 $ 85,000
West Palm Beach-Boca Raton-Delray Beach, FL 1 $ 335,000 $ 335,000 $ 0
Winston-Salem, NC 1 $ 55,000 $ 55,000 $ 0
Worcester, MA-CT 1 $ 335,000 $ 335,000 $ 0
Yakima, WA 1 $ 105,000 $ 105,000 $ 0

Mortgage Loan Application Detail Totals for Finance of America Mortgage LLC in 2023

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 $111,905,000 $270,000 $3,085,000 $144,000 $440,000
Cash-out Refinancing 341 $63,335,000 $185,000 $2,495,000 $199,000 $215,000
Refinancing 262 $60,760,000 $231,000 $3,005,000 $81,000 $81,000
Other Purpose 3 $1,435,000 $478,000 $625,000 $0 $0
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
Not applicable 878 $200,400,000 $228,000 $3,085,000 $0 $0
Not Provided 44 $11,440,000 $260,000 $685,000 $167,000 $311,000
White 42 $12,330,000 $293,000 $755,000 $140,000 $440,000
Hispanic 23 $6,355,000 $276,000 $695,000 $151,000 $215,000
Black or African American 16 $3,070,000 $191,000 $565,000 $120,000 $156,000
Asian 12 $3,300,000 $275,000 $475,000 $160,000 $298,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 1,003 $230,955,000 $230,000 $3,085,000 $150,000 $440,000
FHA-insured (Federal Housing Administration) 10 $3,110,000 $311,000 $535,000 $90,000 $117,000
VA-guaranteed (Veterans Administration) 6 $3,370,000 $561,000 $715,000 $149,000 $188,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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
Loan Originated 407 $82,695,000 $203,000 $965,000 $148,000 $311,000
Application Withdrawn By Applicant 400 $92,560,000 $231,000 $3,005,000 $119,000 $201,000
File Closed For Incompleteness 73 $13,265,000 $181,000 $815,000 $0 $0
Loan Purchased By The Institution 64 $28,220,000 $440,000 $1,825,000 $0 $0
Application Denied By Financial Institution 60 $18,720,000 $312,000 $3,085,000 $327,000 $440,000
Application Approved But Not Accepted 15 $1,975,000 $131,000 $235,000 $50,000 $50,000
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 959 $218,715,000 $228,000 $3,005,000 $137,000 $311,000
Other 41 $8,885,000 $216,000 $945,000 $0 $0
Collateral 15 $8,835,000 $589,000 $3,085,000 $327,000 $440,000
Credit History 4 $1,000,000 $250,000 $635,000 $0 $0
Debt-To-Income Ratio 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
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Finance of America Mortgage LLC's 2023 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 Finance of America Mortgage LLC'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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