Financial Freedom Acquist. LLC Mortgage Lending & HMDA Data, 2011
In 2011, Financial Freedom Acquist. LLC of Irvine, CA reported 518 mortgage applications totaling $83.7 million. The average application was for $161,569, and applicants reported an average income of $0. 48% of its applications resulted in an originated loan and 35% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (14), New York-White Plains-Wayne, NY-NJ (14) and Nassau-Suffolk, NY (13) (applications in parentheses).
| Mortgage Company & Address | Financial Freedom Acquist. LLC 1 Banting Irvine, CA 92618 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 |
| Total Number of Mortgage Applications | 518 |
| Total Mortgage Loan Application Amount | $83,693,000 |
| Average Mortgage Loan Application Amount | $161,569 |
| Highest Mortgage Loan Application Amount | $507,000 |
| Average Applicant Income | $0 |
| Highest Applicant Income | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Financial Freedom Acquist. LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 14 | $ 4,517,000 | $ 322,642 | $ 0 |
| New York-White Plains-Wayne, NY-NJ | 14 | $ 4,171,000 | $ 297,928 | $ 0 |
| Nassau-Suffolk, NY | 13 | $ 4,229,000 | $ 325,307 | $ 0 |
| Seattle-Bellevue-Everett, WA | 10 | $ 2,200,000 | $ 220,000 | $ 0 |
| Honolulu, HI | 9 | $ 3,279,000 | $ 364,333 | $ 0 |
| Philadelphia, PA | 9 | $ 1,207,000 | $ 134,111 | $ 0 |
| Providence-New Bedford-Fall River, RI-MA | 9 | $ 1,596,000 | $ 177,333 | $ 0 |
| Oklahoma City, OK | 8 | $ 604,000 | $ 75,500 | $ 0 |
| Dallas-Plano-Irving, TX | 7 | $ 464,000 | $ 66,285 | $ 0 |
| Hartford-West Hartford-East Hartford, CT | 7 | $ 1,410,000 | $ 201,428 | $ 0 |
| Oakland-Fremont-Hayward, CA | 7 | $ 2,511,000 | $ 358,714 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 7 | $ 624,000 | $ 89,142 | $ 0 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 7 | $ 764,000 | $ 109,142 | $ 0 |
| Charleston-North Charleston-Summerville, SC | 6 | $ 665,000 | $ 110,833 | $ 0 |
| Edison-New Brunswick, NJ | 6 | $ 1,129,000 | $ 188,166 | $ 0 |
| Fort Worth-Arlington, TX | 6 | $ 863,000 | $ 143,833 | $ 0 |
| Roanoke, VA | 6 | $ 687,000 | $ 114,500 | $ 0 |
| St. Louis, MO-IL | 6 | $ 831,000 | $ 138,500 | $ 0 |
| Albany-Schenectady-Troy, NY | 5 | $ 706,000 | $ 141,200 | $ 0 |
| Albuquerque, NM | 5 | $ 652,000 | $ 130,400 | $ 0 |
| Baltimore-Towson, MD | 5 | $ 1,178,000 | $ 235,600 | $ 0 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 5 | $ 404,000 | $ 80,800 | $ 0 |
| Chattanooga, TN-GA | 5 | $ 471,000 | $ 94,200 | $ 0 |
| Chicago-Joliet-Naperville, IL | 5 | $ 664,000 | $ 132,800 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 5 | $ 741,000 | $ 148,200 | $ 0 |
| Norwich-New London, CT | 5 | $ 832,000 | $ 166,400 | $ 0 |
| Ogden-Clearfield, UT | 5 | $ 587,000 | $ 117,400 | $ 0 |
| Richmond, VA | 5 | $ 488,000 | $ 97,600 | $ 0 |
| Salt Lake City, UT | 5 | $ 822,000 | $ 164,400 | $ 0 |
| San Diego-Carlsbad-San Marcos, CA | 5 | $ 962,000 | $ 192,400 | $ 0 |
| Akron, OH | 4 | $ 448,000 | $ 112,000 | $ 0 |
| Grand Rapids-Wyoming, MI | 4 | $ 313,000 | $ 78,250 | $ 0 |
| Knoxville, TN | 4 | $ 298,000 | $ 74,500 | $ 0 |
| Lakeland-Winter Haven, FL | 4 | $ 217,000 | $ 54,250 | $ 0 |
| Newark-Union, NJ-PA | 4 | $ 627,000 | $ 156,750 | $ 0 |
| San Antonio-New Braunfels, TX | 4 | $ 275,000 | $ 68,750 | $ 0 |
| Santa Ana-Anaheim-Irvine, CA | 4 | $ 1,372,000 | $ 343,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 950,000 | $ 237,500 | $ 0 |
| Atlanta-Sandy Springs-Marietta, GA | 3 | $ 97,000 | $ 32,333 | $ 0 |
| Austin-Round Rock-San Marcos, TX | 3 | $ 255,000 | $ 85,000 | $ 0 |
| Boston-Quincy, MA | 3 | $ 1,015,000 | $ 338,333 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 341,000 | $ 113,666 | $ 0 |
| Durham-Chapel Hill, NC | 3 | $ 373,000 | $ 124,333 | $ 0 |
| Florence, SC | 3 | $ 482,000 | $ 160,666 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 511,000 | $ 170,333 | $ 0 |
| Montgomery, AL | 3 | $ 200,000 | $ 66,666 | $ 0 |
| Phoenix-Mesa-Glendale, AZ | 3 | $ 579,000 | $ 193,000 | $ 0 |
| Portland-South Portland-Biddeford, ME | 3 | $ 914,000 | $ 304,666 | $ 0 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 724,000 | $ 241,333 | $ 0 |
| San Francisco-San Mateo-Redwood City, CA | 3 | $ 999,000 | $ 333,000 | $ 0 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 3 | $ 393,000 | $ 131,000 | $ 0 |
| Wilmington, NC | 3 | $ 393,000 | $ 131,000 | $ 0 |
| Worcester, MA | 3 | $ 264,000 | $ 88,000 | $ 0 |
| Barnstable Town, MA | 2 | $ 506,000 | $ 253,000 | $ 0 |
| Birmingham-Hoover, AL | 2 | $ 19,000 | $ 9,500 | $ 0 |
| Bremerton-Silverdale, WA | 2 | $ 328,000 | $ 164,000 | $ 0 |
| Cambridge-Newton-Framingham, MA | 2 | $ 485,000 | $ 242,500 | $ 0 |
| Cleveland, TN | 2 | $ 188,000 | $ 94,000 | $ 0 |
| Columbia, SC | 2 | $ 245,000 | $ 122,500 | $ 0 |
| Columbus, OH | 2 | $ 108,000 | $ 54,000 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 153,000 | $ 76,500 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 144,000 | $ 72,000 | $ 0 |
| Fayetteville, NC | 2 | $ 154,000 | $ 77,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 323,000 | $ 161,500 | $ 0 |
| Greensboro-High Point, NC | 2 | $ 201,000 | $ 100,500 | $ 0 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 133,000 | $ 66,500 | $ 0 |
| Lynchburg, VA | 2 | $ 426,000 | $ 213,000 | $ 0 |
| Manchester-Nashua, NH | 2 | $ 334,000 | $ 167,000 | $ 0 |
| Modesto, CA | 2 | $ 505,000 | $ 252,500 | $ 0 |
| New Haven-Milford, CT | 2 | $ 193,000 | $ 96,500 | $ 0 |
| Ocala, FL | 2 | $ 461,000 | $ 230,500 | $ 0 |
| Ocean City, NJ | 2 | $ 864,000 | $ 432,000 | $ 0 |
| Olympia, WA | 2 | $ 350,000 | $ 175,000 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 191,000 | $ 95,500 | $ 0 |
| Palm Coast, FL | 2 | $ 285,000 | $ 142,500 | $ 0 |
| Peabody, MA | 2 | $ 530,000 | $ 265,000 | $ 0 |
| Pittsburgh, PA | 2 | $ 169,000 | $ 84,500 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 312,000 | $ 156,000 | $ 0 |
| Sacramento--Arden-Arcade--Roseville, CA | 2 | $ 504,000 | $ 252,000 | $ 0 |
| Trenton-Ewing, NJ | 2 | $ 276,000 | $ 138,000 | $ 0 |
| Wilmington, DE-MD-NJ | 2 | $ 184,000 | $ 92,000 | $ 0 |
| Yakima, WA | 2 | $ 206,000 | $ 103,000 | $ 0 |
| Abilene, TX | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 126,000 | $ 126,000 | $ 0 |
| Ames, IA | 1 | $ 103,000 | $ 103,000 | $ 0 |
| Anderson, IN | 1 | $ 91,000 | $ 91,000 | $ 0 |
| Bakersfield-Delano, CA | 1 | $ 117,000 | $ 117,000 | $ 0 |
| Bellingham, WA | 1 | $ 213,000 | $ 213,000 | $ 0 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 110,000 | $ 110,000 | $ 0 |
| Boise City-Nampa, ID | 1 | $ 84,000 | $ 84,000 | $ 0 |
| Brunswick, GA | 1 | $ 221,000 | $ 221,000 | $ 0 |
| Camden, NJ | 1 | $ 166,000 | $ 166,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 1 | $ 148,000 | $ 148,000 | $ 0 |
| Charleston, WV | 1 | $ 89,000 | $ 89,000 | $ 0 |
| Charlottesville, VA | 1 | $ 161,000 | $ 161,000 | $ 0 |
| Chico, CA | 1 | $ 234,000 | $ 234,000 | $ 0 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 76,000 | $ 76,000 | $ 0 |
| Corpus Christi, TX | 1 | $ 50,000 | $ 50,000 | $ 0 |
| Corvallis, OR | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Dothan, AL | 1 | $ 82,000 | $ 82,000 | $ 0 |
| Duluth, MN-WI | 1 | $ 117,000 | $ 117,000 | $ 0 |
| El Paso, TX | 1 | $ 337,000 | $ 337,000 | $ 0 |
| Erie, PA | 1 | $ 80,000 | $ 80,000 | $ 0 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 109,000 | $ 109,000 | $ 0 |
| Glens Falls, NY | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Goldsboro, NC | 1 | $ 42,000 | $ 42,000 | $ 0 |
| Green Bay, WI | 1 | $ 44,000 | $ 44,000 | $ 0 |
| Greenville-Mauldin-Easley, SC | 1 | $ 91,000 | $ 91,000 | $ 0 |
| Harrisonburg, VA | 1 | $ 340,000 | $ 340,000 | $ 0 |
| Holland-Grand Haven, MI | 1 | $ 50,000 | $ 50,000 | $ 0 |
| Huntsville, AL | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Indianapolis-Carmel, IN | 1 | $ 20,000 | $ 20,000 | $ 0 |
| Jacksonville, FL | 1 | $ 42,000 | $ 42,000 | $ 0 |
| Johnson City, TN | 1 | $ 28,000 | $ 28,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 44,000 | $ 44,000 | $ 0 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 88,000 | $ 88,000 | $ 0 |
| Lake County-Kenosha County, IL-WI | 1 | $ 78,000 | $ 78,000 | $ 0 |
| Lancaster, PA | 1 | $ 91,000 | $ 91,000 | $ 0 |
| Las Vegas-Paradise, NV | 1 | $ 86,000 | $ 86,000 | $ 0 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 24,000 | $ 24,000 | $ 0 |
| Longview, TX | 1 | $ 47,000 | $ 47,000 | $ 0 |
| Louisville-Jefferson County, KY-IN | 1 | $ 56,000 | $ 56,000 | $ 0 |
| Macon, GA | 1 | $ 37,000 | $ 37,000 | $ 0 |
| Madison, WI | 1 | $ 147,000 | $ 147,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 136,000 | $ 136,000 | $ 0 |
| Michigan City-La Porte, IN | 1 | $ 51,000 | $ 51,000 | $ 0 |
| Morristown, TN | 1 | $ 225,000 | $ 225,000 | $ 0 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 104,000 | $ 104,000 | $ 0 |
| North Port-Bradenton-Sarasota, FL | 1 | $ 162,000 | $ 162,000 | $ 0 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 246,000 | $ 246,000 | $ 0 |
| Poughkeepsie-Newburgh-Middletown, NY | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Provo-Orem, UT | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Punta Gorda, FL | 1 | $ 170,000 | $ 170,000 | $ 0 |
| Raleigh-Cary, NC | 1 | $ 83,000 | $ 83,000 | $ 0 |
| Rocky Mount, NC | 1 | $ 110,000 | $ 110,000 | $ 0 |
| Salem, OR | 1 | $ 103,000 | $ 103,000 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 422,000 | $ 422,000 | $ 0 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 412,000 | $ 412,000 | $ 0 |
| Santa Cruz-Watsonville, CA | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Santa Rosa-Petaluma, CA | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Shreveport-Bossier City, LA | 1 | $ 27,000 | $ 27,000 | $ 0 |
| Spokane, WA | 1 | $ 117,000 | $ 117,000 | $ 0 |
| Springfield, MA | 1 | $ 50,000 | $ 50,000 | $ 0 |
| St. George, UT | 1 | $ 159,000 | $ 159,000 | $ 0 |
| St. Joseph, MO-KS | 1 | $ 37,000 | $ 37,000 | $ 0 |
| Steubenville-Weirton, OH-WV | 1 | $ 37,000 | $ 37,000 | $ 0 |
| Tallahassee, FL | 1 | $ 56,000 | $ 56,000 | $ 0 |
| Tulsa, OK | 1 | $ 21,000 | $ 21,000 | $ 0 |
| Vineland-Millville-Bridgeton, NJ | 1 | $ 73,000 | $ 73,000 | $ 0 |
| Waterloo-Cedar Falls, IA | 1 | $ 14,000 | $ 14,000 | $ 0 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 143,000 | $ 143,000 | $ 0 |
Mortgage Loan Application Detail Totals for Financial Freedom Acquist. LLC in 2011
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 |
|---|---|---|---|---|---|---|
| Refinancing | 397 | $67,597,000 | $170,000 | $507,000 | $0 | $0 |
| Home Improvement | 102 | $12,340,000 | $120,000 | $431,000 | $0 | $0 |
| Home Purchase | 19 | $3,756,000 | $197,000 | $400,000 | $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 | 398 | $66,695,000 | $167,000 | $507,000 | $0 | $0 |
| Black or African American | 74 | $9,241,000 | $124,000 | $431,000 | $0 | $0 |
| Hispanic | 18 | $2,116,000 | $117,000 | $404,000 | $0 | $0 |
| Asian | 10 | $3,029,000 | $302,000 | $472,000 | $0 | $0 |
| Not Provided | 8 | $474,000 | $59,000 | $143,000 | $0 | $0 |
| Not applicable | 5 | $1,435,000 | $287,000 | $402,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 3 | $476,000 | $158,000 | $360,000 | $0 | $0 |
| American Indian or Alaskan Native | 2 | $227,000 | $113,000 | $166,000 | $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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 518 | $83,693,000 | $161,000 | $507,000 | $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 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 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 | 248 | $39,312,000 | $158,000 | $472,000 | $0 | $0 |
| Application Denied By Financial Institution | 180 | $29,050,000 | $161,000 | $507,000 | $0 | $0 |
| Application Withdrawn By Applicant | 48 | $9,258,000 | $192,000 | $467,000 | $0 | $0 |
| Application Approved But Not Accepted | 37 | $4,638,000 | $125,000 | $404,000 | $0 | $0 |
| Loan Purchased By The Institution | 5 | $1,435,000 | $287,000 | $402,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Collateral | 87 | $13,263,000 | $152,000 | $437,000 | $0 | $0 |
| Credit Application Incomplete | 66 | $11,103,000 | $168,000 | $426,000 | $0 | $0 |
| Unverifiable Information | 11 | $2,090,000 | $190,000 | $429,000 | $0 | $0 |
| Other | 9 | $1,755,000 | $195,000 | $507,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $263,000 | $65,000 | $76,000 | $0 | $0 |
| Credit History | 3 | $576,000 | $192,000 | $317,000 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Financial Freedom Acquist. LLC's 2011 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 Financial Freedom Acquist. 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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