Financial Freedom Mortgage, LLC Mortgage Lending & HMDA Data, 2020
In 2020, Financial Freedom Mortgage, LLC of Mount Laurel, NJ reported 3,200 mortgage applications totaling $874.9 million, up 86% from 2019. The average application was for $273,396, and applicants reported an average income of $92,445. 27% of its applications resulted in an originated loan and 0% were denied. Its largest markets were New York-Newark, NY (279), Baltimore-Columbia-Towson, MD (278) and Washington-Arlington-Alexandria, DC-VA-MD-WV (213) (applications in parentheses).
| Mortgage Company & Address | Financial Freedom Mortgage, LLC 875 Route 73 North Suite F Mount Laurel, NJ 08054 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 |
| Total Number of Mortgage Applications | 3,200 |
| Total Mortgage Loan Application Amount | $874,870,000 |
| Average Mortgage Loan Application Amount | $273,396 |
| Highest Mortgage Loan Application Amount | $1,655,000 |
| Average Applicant Income | $92,445 |
| Highest Applicant Income | $952,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Financial Freedom Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Prince George's, Maryland | 179 | $ 54,575,000 | $ 304,888 | $ 90,000 |
| Baltimore, Maryland | 90 | $ 22,260,000 | $ 247,333 | $ 86,000 |
| Middlesex, New Jersey | 88 | $ 25,840,000 | $ 293,636 | $ 111,000 |
| Bergen, New Jersey | 79 | $ 27,295,000 | $ 345,506 | $ 121,000 |
| Ocean, New Jersey | 78 | $ 18,520,000 | $ 237,435 | $ 77,000 |
| Burlington, New Jersey | 74 | $ 16,650,000 | $ 225,000 | $ 100,000 |
| Monmouth, New Jersey | 74 | $ 23,770,000 | $ 321,216 | $ 109,000 |
| Anne Arundel, Maryland | 73 | $ 21,695,000 | $ 297,191 | $ 82,000 |
| Montgomery, Maryland | 67 | $ 25,335,000 | $ 378,134 | $ 121,000 |
| Essex, New Jersey | 58 | $ 17,820,000 | $ 307,241 | $ 114,000 |
| Palm Beach, Florida | 54 | $ 13,060,000 | $ 241,851 | $ 79,000 |
| Broward, Florida | 52 | $ 13,540,000 | $ 260,384 | $ 73,000 |
| New Castle, Delaware | 49 | $ 10,955,000 | $ 223,571 | $ 82,000 |
| Camden, New Jersey | 49 | $ 11,525,000 | $ 235,204 | $ 118,000 |
| Morris, New Jersey | 48 | $ 16,030,000 | $ 333,958 | $ 118,000 |
| Union, New Jersey | 47 | $ 13,435,000 | $ 285,851 | $ 109,000 |
| Miami-Dade, Florida | 44 | $ 12,000,000 | $ 272,727 | $ 84,000 |
| Howard, Maryland | 40 | $ 15,600,000 | $ 390,000 | $ 126,000 |
| Somerset, New Jersey | 39 | $ 12,985,000 | $ 332,948 | $ 106,000 |
| Hillsborough, Florida | 34 | $ 6,750,000 | $ 198,529 | $ 64,000 |
| Orange, Florida | 34 | $ 7,830,000 | $ 230,294 | $ 72,000 |
| Passaic, New Jersey | 34 | $ 9,980,000 | $ 293,529 | $ 102,000 |
| Gloucester, New Jersey | 33 | $ 7,065,000 | $ 214,090 | $ 106,000 |
| Sussex, Delaware | 31 | $ 7,675,000 | $ 247,580 | $ 70,000 |
| Pinellas, Florida | 28 | $ 6,710,000 | $ 239,642 | $ 80,000 |
| Mercer, New Jersey | 28 | $ 7,030,000 | $ 251,071 | $ 111,000 |
| Harford, Maryland | 26 | $ 7,080,000 | $ 272,307 | $ 94,000 |
| Frederick, Maryland | 24 | $ 7,270,000 | $ 302,916 | $ 87,000 |
| Hudson, New Jersey | 24 | $ 8,040,000 | $ 335,000 | $ 90,000 |
| Charles, Maryland | 23 | $ 6,645,000 | $ 288,913 | $ 83,000 |
| Brevard, Florida | 22 | $ 4,770,000 | $ 216,818 | $ 74,000 |
| Baltimore City, Maryland | 22 | $ 4,320,000 | $ 196,363 | $ 77,000 |
| Kent, Delaware | 21 | $ 4,775,000 | $ 227,380 | $ 64,000 |
| Duval, Florida | 21 | $ 4,245,000 | $ 202,142 | $ 57,000 |
| Volusia, Florida | 21 | $ 4,025,000 | $ 191,666 | $ 59,000 |
| Lee, Florida | 20 | $ 5,320,000 | $ 266,000 | $ 77,000 |
| Carroll, Maryland | 20 | $ 5,980,000 | $ 299,000 | $ 91,000 |
| Atlantic, New Jersey | 18 | $ 4,560,000 | $ 253,333 | $ 105,000 |
| Polk, Florida | 17 | $ 3,075,000 | $ 180,882 | $ 63,000 |
| Cape May, New Jersey | 17 | $ 4,565,000 | $ 268,529 | $ 80,000 |
| Hunterdon, New Jersey | 17 | $ 6,045,000 | $ 355,588 | $ 119,000 |
| St. Lucie, Florida | 16 | $ 3,570,000 | $ 223,125 | $ 77,000 |
| Cecil, Maryland | 16 | $ 3,740,000 | $ 233,750 | $ 95,000 |
| Lake, Florida | 15 | $ 3,455,000 | $ 230,333 | $ 73,000 |
| Manatee, Florida | 15 | $ 4,185,000 | $ 279,000 | $ 75,000 |
| Collier, Florida | 14 | $ 3,650,000 | $ 260,714 | $ 79,000 |
| Seminole, Florida | 14 | $ 2,910,000 | $ 207,857 | $ 61,000 |
| Sussex, New Jersey | 14 | $ 3,970,000 | $ 283,571 | $ 155,000 |
| Cumberland, New Jersey | 13 | $ 2,285,000 | $ 175,769 | $ 64,000 |
| Pasco, Florida | 12 | $ 2,440,000 | $ 203,333 | $ 48,000 |
| Escambia, Florida | 11 | $ 2,765,000 | $ 251,363 | $ 79,000 |
| Osceola, Florida | 11 | $ 2,165,000 | $ 196,818 | $ 63,000 |
| Calvert, Maryland | 11 | $ 3,005,000 | $ 273,181 | $ 158,000 |
| St. Mary's, Maryland | 11 | $ 2,615,000 | $ 237,727 | $ 105,000 |
| Washington, Maryland | 10 | $ 2,440,000 | $ 244,000 | $ 69,000 |
| Salem, New Jersey | 10 | $ 1,920,000 | $ 192,000 | $ 95,000 |
| Charlotte, Florida | 9 | $ 1,935,000 | $ 215,000 | $ 97,000 |
| Sarasota, Florida | 8 | $ 2,300,000 | $ 287,500 | $ 73,000 |
| Worcester, Maryland | 8 | $ 1,550,000 | $ 193,750 | $ 78,000 |
| Santa Rosa, Florida | 7 | $ 1,755,000 | $ 250,714 | $ 97,000 |
| St. Johns, Florida | 7 | $ 1,505,000 | $ 215,000 | $ 78,000 |
| Caroline, Maryland | 7 | $ 1,415,000 | $ 202,142 | $ 62,000 |
| Queen Anne's, Maryland | 7 | $ 2,115,000 | $ 302,142 | $ 87,000 |
| Bay, Florida | 6 | $ 1,080,000 | $ 180,000 | $ 60,000 |
| Clay, Florida | 6 | $ 1,340,000 | $ 223,333 | $ 44,000 |
| Marion, Florida | 6 | $ 870,000 | $ 145,000 | $ 44,000 |
| Warren, New Jersey | 6 | $ 1,310,000 | $ 218,333 | $ 71,000 |
| Hernando, Florida | 5 | $ 1,115,000 | $ 223,000 | $ 95,000 |
| Walton, Florida | 5 | $ 1,105,000 | $ 221,000 | $ 43,000 |
| Flagler, Florida | 4 | $ 900,000 | $ 225,000 | $ 95,000 |
| Highlands, Florida | 4 | $ 720,000 | $ 180,000 | $ 50,000 |
| Indian River, Florida | 4 | $ 850,000 | $ 212,500 | $ 55,000 |
| Leon, Florida | 4 | $ 780,000 | $ 195,000 | $ 72,000 |
| Dorchester, Maryland | 4 | $ 1,360,000 | $ 340,000 | $ 64,000 |
| Wicomico, Maryland | 4 | $ 620,000 | $ 155,000 | $ 64,000 |
| Citrus, Florida | 3 | $ 745,000 | $ 248,333 | $ 47,000 |
| Monroe, Florida | 3 | $ 795,000 | $ 265,000 | $ 61,000 |
| Talbot, Maryland | 3 | $ 615,000 | $ 205,000 | $ 51,000 |
| Alachua, Florida | 2 | $ 570,000 | $ 285,000 | $ 68,000 |
| Columbia, Florida | 2 | $ 360,000 | $ 180,000 | $ 42,000 |
| Martin, Florida | 2 | $ 680,000 | $ 340,000 | $ 83,000 |
| Okaloosa, Florida | 2 | $ 350,000 | $ 175,000 | $ 57,000 |
| Sumter, Florida | 2 | $ 430,000 | $ 215,000 | $ 92,000 |
| Suwannee, Florida | 2 | $ 310,000 | $ 155,000 | $ 44,000 |
| Kent, Maryland | 2 | $ 330,000 | $ 165,000 | $ 35,000 |
| Somerset, Maryland | 2 | $ 430,000 | $ 215,000 | $ 97,000 |
| Franklin, Florida | 1 | $ 165,000 | $ 165,000 | $ 71,000 |
| Glades, Florida | 1 | $ 85,000 | $ 85,000 | $ 23,000 |
| Hardee, Florida | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Holmes, Florida | 1 | $ 75,000 | $ 75,000 | $ 30,000 |
| Jackson, Florida | 1 | $ 235,000 | $ 235,000 | $ 46,000 |
| Lafayette, Florida | 1 | $ 245,000 | $ 245,000 | $ 106,000 |
| Levy, Florida | 1 | $ 135,000 | $ 135,000 | $ 84,000 |
| Nassau, Florida | 1 | $ 135,000 | $ 135,000 | $ 66,000 |
| Garrett, Maryland | 1 | $ 225,000 | $ 225,000 | $ 0 |
Mortgage Loan Application Detail Totals for Financial Freedom Mortgage, LLC in 2020
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 2,273 | $611,705,000 | $269,000 | $1,215,000 | $88,000 | $952,000 |
| Refinancing | 907 | $257,425,000 | $283,000 | $1,655,000 | $103,000 | $900,000 |
| Home Purchase | 19 | $5,435,000 | $286,000 | $495,000 | $120,000 | $429,000 |
| Other Purpose | 1 | $305,000 | $305,000 | $305,000 | $100,000 | $100,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 2,121 | $579,665,000 | $273,000 | $1,255,000 | $95,000 | $952,000 |
| Black or African American | 537 | $139,215,000 | $259,000 | $795,000 | $81,000 | $744,000 |
| Hispanic | 355 | $95,115,000 | $267,000 | $905,000 | $83,000 | $875,000 |
| Asian | 99 | $32,495,000 | $328,000 | $835,000 | $112,000 | $470,000 |
| American Indian or Alaskan Native | 65 | $21,845,000 | $336,000 | $1,655,000 | $108,000 | $360,000 |
| Native Hawaiian or Other Pacific Islander | 19 | $5,605,000 | $295,000 | $715,000 | $86,000 | $200,000 |
| Not Provided | 4 | $930,000 | $232,000 | $305,000 | $67,000 | $87,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 1,531 | $404,135,000 | $263,000 | $635,000 | $82,000 | $952,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,445 | $404,085,000 | $279,000 | $1,655,000 | $104,000 | $900,000 |
| VA-guaranteed (Veterans Administration) | 219 | $65,495,000 | $299,000 | $1,025,000 | $82,000 | $450,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $1,155,000 | $231,000 | $315,000 | $120,000 | $240,000 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 2,289 | $630,475,000 | $275,000 | $1,655,000 | $92,000 | $952,000 |
| Loan Originated | 861 | $230,785,000 | $268,000 | $695,000 | $92,000 | $593,000 |
| Application Approved But Not Accepted | 42 | $11,440,000 | $272,000 | $505,000 | $90,000 | $375,000 |
| Application Denied By Financial Institution | 8 | $2,170,000 | $271,000 | $615,000 | $116,000 | $225,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 3,192 | $872,700,000 | $273,000 | $1,655,000 | $92,000 | $952,000 |
| Debt-To-Income Ratio | 5 | $1,485,000 | $297,000 | $615,000 | $126,000 | $225,000 |
| Employment History | 2 | $390,000 | $195,000 | $205,000 | $111,000 | $146,000 |
| Credit History | 1 | $295,000 | $295,000 | $295,000 | $78,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Financial Freedom Mortgage, LLC's 2020 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 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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