First Choice Funding, Inc.
HMDA Loan Application Totals
and Mortgage Lending Details
for 2007
First Choice Funding, Inc. 2007 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | First Choice Funding, Inc. 2100 Riverchase Center Ste 100 Birmingham, AL 35244 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 897 |
| Total Mortgage Loan Application Amount | $120,866,000 |
| Average Mortgage Loan Application Amount | $136,000 |
| Highest Mortgage Loan Application Amount | $1,935,000 |
| Average Applicant Income | $60,000 |
| Highest Applicant Income | $1,992,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2007 with First Choice Funding, Inc.. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing First Choice Funding, Inc.'s lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2007 breaks down First Choice Funding, Inc.'s mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how First Choice Funding, Inc. serves its applicants.
Each category highlights the total number of mortgage applications processed by First Choice Funding, Inc., total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at First Choice Funding, Inc.'s mortgage activity for 2007.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Jefferson County Alabama | 76 | $ 8,390,000 | $ 110,000 | $ 43,000 |
| Hinds County Mississippi | 56 | $ 5,084,000 | $ 90,000 | $ 52,000 |
| Mobile County Alabama | 42 | $ 4,867,000 | $ 115,000 | $ 51,000 |
| Morgan County Alabama | 27 | $ 3,171,000 | $ 117,000 | $ 48,000 |
| Lauderdale County Mississippi | 23 | $ 1,572,000 | $ 68,000 | $ 28,000 |
| Hamilton County Tennessee | 20 | $ 2,346,000 | $ 117,000 | $ 54,000 |
| Tuscaloosa County Alabama | 19 | $ 2,203,000 | $ 115,000 | $ 48,000 |
| Madison County Alabama | 16 | $ 1,612,000 | $ 100,000 | $ 57,000 |
| Fulton County Georgia | 11 | $ 1,936,000 | $ 176,000 | $ 72,000 |
| Guilford County North Carolina | 11 | $ 1,389,000 | $ 126,000 | $ 51,000 |
| Etowah County Alabama | 10 | $ 1,164,000 | $ 116,000 | $ 45,000 |
| Limestone County Alabama | 10 | $ 1,428,000 | $ 142,000 | $ 55,000 |
| St. Louis City County Missouri | 10 | $ 858,000 | $ 85,000 | $ 40,000 |
| Baldwin County Alabama | 8 | $ 1,492,000 | $ 186,000 | $ 85,000 |
| Davidson County Tennessee | 8 | $ 1,553,000 | $ 194,000 | $ 71,000 |
| Cobb County Georgia | 7 | $ 1,845,000 | $ 263,000 | $ 57,000 |
| Gwinnett County Georgia | 7 | $ 1,821,000 | $ 260,000 | $ 67,000 |
| Jefferson County Kentucky | 7 | $ 965,000 | $ 137,000 | $ 151,000 |
| Lincoln County Mississippi | 7 | $ 604,000 | $ 86,000 | $ 36,000 |
| Shelby County Tennessee | 7 | $ 706,000 | $ 100,000 | $ 62,000 |
| Montgomery County Alabama | 6 | $ 669,000 | $ 111,000 | $ 47,000 |
| Talladega County Alabama | 6 | $ 673,000 | $ 112,000 | $ 33,000 |
| DeKalb County Georgia | 6 | $ 1,029,000 | $ 171,000 | $ 69,000 |
| Muscogee County Georgia | 6 | $ 641,000 | $ 106,000 | $ 42,000 |
| Johnston County North Carolina | 6 | $ 764,000 | $ 127,000 | $ 42,000 |
| Wake County North Carolina | 6 | $ 3,190,000 | $ 531,000 | $ 224,000 |
| Calhoun County Alabama | 5 | $ 896,000 | $ 179,000 | $ 54,000 |
| Cullman County Alabama | 5 | $ 557,000 | $ 111,000 | $ 53,000 |
| Shelby County Alabama | 5 | $ 648,000 | $ 129,000 | $ 49,000 |
| Broward County Florida | 5 | $ 1,855,000 | $ 371,000 | $ 359,000 |
| Hillsborough County Florida | 5 | $ 912,000 | $ 182,000 | $ 82,000 |
| Catoosa County Georgia | 5 | $ 760,000 | $ 152,000 | $ 51,000 |
| Clayton County Georgia | 5 | $ 672,000 | $ 134,000 | $ 72,000 |
| Whitfield County Georgia | 5 | $ 851,000 | $ 170,000 | $ 62,000 |
| Kenton County Kentucky | 5 | $ 940,000 | $ 188,000 | $ 72,000 |
| Warren County Kentucky | 5 | $ 625,000 | $ 125,000 | $ 87,000 |
| Jackson County Mississippi | 5 | $ 712,000 | $ 142,000 | $ 40,000 |
| Lamar County Mississippi | 5 | $ 669,000 | $ 133,000 | $ 48,000 |
| Jefferson County Louisiana | 4 | $ 654,000 | $ 163,000 | $ 55,000 |
| Livingston County Louisiana | 4 | $ 665,000 | $ 166,000 | $ 160,000 |
| Orleans County Louisiana | 4 | $ 507,000 | $ 126,000 | $ 81,000 |
| Harrison County Mississippi | 4 | $ 497,000 | $ 124,000 | $ 41,000 |
| Jones County Mississippi | 4 | $ 277,000 | $ 69,000 | $ 38,000 |
| Madison County Mississippi | 4 | $ 694,000 | $ 173,000 | $ 72,000 |
| Jackson County Missouri | 4 | $ 525,000 | $ 131,000 | $ 49,000 |
| Cumberland County North Carolina | 4 | $ 308,000 | $ 77,000 | $ 62,000 |
| Davidson County North Carolina | 4 | $ 505,000 | $ 126,000 | $ 33,000 |
| Forsyth County North Carolina | 4 | $ 395,000 | $ 98,000 | $ 41,000 |
| Bradley County Tennessee | 4 | $ 552,000 | $ 138,000 | $ 61,000 |
| Robertson County Tennessee | 4 | $ 497,000 | $ 124,000 | $ 69,000 |
| Rutherford County Tennessee | 4 | $ 543,000 | $ 135,000 | $ 84,000 |
| Escambia County Alabama | 3 | $ 204,000 | $ 68,000 | $ 44,000 |
| Jackson County Alabama | 3 | $ 259,000 | $ 86,000 | $ 56,000 |
| Lauderdale County Alabama | 3 | $ 407,000 | $ 135,000 | $ 76,000 |
| Macon County Alabama | 3 | $ 193,000 | $ 64,000 | $ 53,000 |
| Lee County Florida | 3 | $ 1,700,000 | $ 566,000 | $ 165,000 |
| Pinellas County Florida | 3 | $ 971,000 | $ 323,000 | $ 94,000 |
| Polk County Florida | 3 | $ 441,000 | $ 147,000 | $ 44,000 |
| Coweta County Georgia | 3 | $ 257,000 | $ 85,000 | $ 47,000 |
| Henry County Georgia | 3 | $ 489,000 | $ 163,000 | $ 76,000 |
| Houston County Georgia | 3 | $ 383,000 | $ 127,000 | $ 45,000 |
| Troup County Georgia | 3 | $ 535,000 | $ 178,000 | $ 48,000 |
| East Baton Rouge County Louisiana | 3 | $ 470,000 | $ 156,000 | $ 57,000 |
| Copiah County Mississippi | 3 | $ 290,000 | $ 96,000 | $ 63,000 |
| George County Mississippi | 3 | $ 325,000 | $ 108,000 | $ 34,000 |
| Leake County Mississippi | 3 | $ 197,000 | $ 65,000 | $ 40,000 |
| Marshall County Mississippi | 3 | $ 261,000 | $ 87,000 | $ 45,000 |
| Rankin County Mississippi | 3 | $ 657,000 | $ 219,000 | $ 68,000 |
| St. Louis County Missouri | 3 | $ 318,000 | $ 106,000 | $ 40,000 |
| Randolph County North Carolina | 3 | $ 717,000 | $ 239,000 | $ 86,000 |
| Lauderdale County Tennessee | 3 | $ 216,000 | $ 72,000 | $ 34,000 |
| Marion County Tennessee | 3 | $ 307,000 | $ 102,000 | $ 38,000 |
| McMinn County Tennessee | 3 | $ 260,000 | $ 86,000 | $ 46,000 |
| Blount County Alabama | 2 | $ 404,000 | $ 202,000 | $ 72,000 |
| Chambers County Alabama | 2 | $ 128,000 | $ 64,000 | $ 41,000 |
| Chilton County Alabama | 2 | $ 289,000 | $ 144,000 | $ 62,000 |
| Clarke County Alabama | 2 | $ 309,000 | $ 154,000 | $ 81,000 |
| Colbert County Alabama | 2 | $ 175,000 | $ 87,000 | $ 51,000 |
| Elmore County Alabama | 2 | $ 364,000 | $ 182,000 | $ 76,000 |
| Houston County Alabama | 2 | $ 197,000 | $ 98,000 | $ 61,000 |
| Lawrence County Alabama | 2 | $ 187,000 | $ 93,000 | $ 44,000 |
| Marshall County Alabama | 2 | $ 210,000 | $ 105,000 | $ 34,000 |
| New Haven County Connecticut | 2 | $ 349,000 | $ 174,000 | $ 69,000 |
| New London County Connecticut | 2 | $ 2,130,000 | $ 1,065,000 | $ 330,000 |
| Bay County Florida | 2 | $ 995,000 | $ 497,000 | $ 607,000 |
| Cook County Illinois | 2 | $ 722,000 | $ 361,000 | $ 90,000 |
| Ascension County Louisiana | 2 | $ 922,000 | $ 461,000 | $ 135,000 |
| Lafayette County Louisiana | 2 | $ 321,000 | $ 160,000 | $ 64,000 |
| St. Tammany County Louisiana | 2 | $ 327,000 | $ 163,000 | $ 38,000 |
| Calhoun County Mississippi | 2 | $ 116,000 | $ 58,000 | $ 35,000 |
| Chickasaw County Mississippi | 2 | $ 132,000 | $ 66,000 | $ 23,000 |
| Hancock County Mississippi | 2 | $ 216,000 | $ 108,000 | $ 47,000 |
| Lawrence County Mississippi | 2 | $ 105,000 | $ 52,000 | $ 33,000 |
| Lee County Mississippi | 2 | $ 162,000 | $ 81,000 | $ 46,000 |
| Pike County Mississippi | 2 | $ 308,000 | $ 154,000 | $ 51,000 |
| Walthall County Mississippi | 2 | $ 761,000 | $ 380,000 | $ 112,000 |
| Warren County Mississippi | 2 | $ 165,000 | $ 82,000 | $ 31,000 |
| Yazoo County Mississippi | 2 | $ 161,000 | $ 80,000 | $ 24,000 |
| Cass County Missouri | 2 | $ 390,000 | $ 195,000 | $ 34,000 |
| Brunswick County North Carolina | 2 | $ 371,000 | $ 185,000 | $ 229,000 |
| Craven County North Carolina | 2 | $ 270,000 | $ 135,000 | $ 36,000 |
| Franklin County North Carolina | 2 | $ 302,000 | $ 151,000 | $ 65,000 |
| Mecklenburg County North Carolina | 2 | $ 248,000 | $ 124,000 | $ 31,000 |
| Claiborne County Tennessee | 2 | $ 175,000 | $ 87,000 | $ 48,000 |
| Henry County Tennessee | 2 | $ 204,000 | $ 102,000 | $ 47,000 |
| Weakley County Tennessee | 2 | $ 104,000 | $ 52,000 | $ 45,000 |
| Wilson County Tennessee | 2 | $ 415,000 | $ 207,000 | $ 141,000 |
| Bibb County Alabama | 1 | $ 55,000 | $ 55,000 | $ 23,000 |
| Choctaw County Alabama | 1 | $ 105,000 | $ 105,000 | $ 65,000 |
| Crenshaw County Alabama | 1 | $ 72,000 | $ 72,000 | $ 28,000 |
| Dale County Alabama | 1 | $ 71,000 | $ 71,000 | $ 33,000 |
| Dallas County Alabama | 1 | $ 74,000 | $ 74,000 | $ 25,000 |
| Fayette County Alabama | 1 | $ 61,000 | $ 61,000 | $ 60,000 |
| Marion County Alabama | 1 | $ 252,000 | $ 252,000 | $ 104,000 |
| Randolph County Alabama | 1 | $ 138,000 | $ 138,000 | $ 41,000 |
| Russell County Alabama | 1 | $ 64,000 | $ 64,000 | $ 48,000 |
| St. Clair County Alabama | 1 | $ 428,000 | $ 428,000 | $ 115,000 |
| Walker County Alabama | 1 | $ 144,000 | $ 144,000 | $ 70,000 |
| Washington County Alabama | 1 | $ 159,000 | $ 159,000 | $ 81,000 |
| Wilcox County Alabama | 1 | $ 70,000 | $ 70,000 | $ 48,000 |
| Litchfield County Connecticut | 1 | $ 1,935,000 | $ 1,935,000 | $ 480,000 |
| Escambia County Florida | 1 | $ 237,000 | $ 237,000 | $ 66,000 |
| Miami-Dade County Florida | 1 | $ 336,000 | $ 336,000 | $ 86,000 |
| Orange County Florida | 1 | $ 298,000 | $ 298,000 | $ 66,000 |
| Palm Beach County Florida | 1 | $ 656,000 | $ 656,000 | $ 294,000 |
| Pasco County Florida | 1 | $ 98,000 | $ 98,000 | $ 25,000 |
| Santa Rosa County Florida | 1 | $ 33,000 | $ 33,000 | $ 63,000 |
| Sarasota County Florida | 1 | $ 200,000 | $ 200,000 | $ 1,992,000 |
| Barrow County Georgia | 1 | $ 107,000 | $ 107,000 | $ 37,000 |
| Bibb County Georgia | 1 | $ 113,000 | $ 113,000 | $ 70,000 |
| Carroll County Georgia | 1 | $ 138,000 | $ 138,000 | $ 46,000 |
| Cherokee County Georgia | 1 | $ 207,000 | $ 207,000 | $ 97,000 |
| Forsyth County Georgia | 1 | $ 241,000 | $ 241,000 | $ 107,000 |
| Franklin County Georgia | 1 | $ 133,000 | $ 133,000 | $ 62,000 |
| Hall County Georgia | 1 | $ 117,000 | $ 117,000 | $ 44,000 |
| Harris County Georgia | 1 | $ 146,000 | $ 146,000 | $ 85,000 |
| Jasper County Georgia | 1 | $ 301,000 | $ 301,000 | $ 68,000 |
| Meriwether County Georgia | 1 | $ 109,000 | $ 109,000 | $ 40,000 |
| Murray County Georgia | 1 | $ 118,000 | $ 118,000 | $ 34,000 |
| Paulding County Georgia | 1 | $ 235,000 | $ 235,000 | $ 58,000 |
| Polk County Georgia | 1 | $ 90,000 | $ 90,000 | $ 32,000 |
| Putnam County Georgia | 1 | $ 309,000 | $ 309,000 | $ 76,000 |
| Rockdale County Georgia | 1 | $ 218,000 | $ 218,000 | $ 26,000 |
| Twiggs County Georgia | 1 | $ 78,000 | $ 78,000 | $ 55,000 |
| Walker County Georgia | 1 | $ 122,000 | $ 122,000 | $ 43,000 |
| Cass County Illinois | 1 | $ 57,000 | $ 57,000 | $ 18,000 |
| Madison County Illinois | 1 | $ 75,000 | $ 75,000 | $ 145,000 |
| McHenry County Illinois | 1 | $ 152,000 | $ 152,000 | $ 55,000 |
| St. Clair County Illinois | 1 | $ 142,000 | $ 142,000 | $ 41,000 |
| Bartholomew County Indiana | 1 | $ 62,000 | $ 62,000 | $ 23,000 |
| Oldham County Kentucky | 1 | $ 59,000 | $ 59,000 | $ 49,000 |
| Assumption County Louisiana | 1 | $ 509,000 | $ 509,000 | $ 156,000 |
| Caddo County Louisiana | 1 | $ 152,000 | $ 152,000 | $ 53,000 |
| Rapides County Louisiana | 1 | $ 133,000 | $ 133,000 | $ 45,000 |
| St. John the Baptist County Louisiana | 1 | $ 183,000 | $ 183,000 | $ 54,000 |
| Tangipahoa County Louisiana | 1 | $ 338,000 | $ 338,000 | $ 50,000 |
| Terrebonne County Louisiana | 1 | $ 191,000 | $ 191,000 | $ 60,000 |
| West Baton Rouge County Louisiana | 1 | $ 209,000 | $ 209,000 | $ 98,000 |
| Alcorn County Mississippi | 1 | $ 53,000 | $ 53,000 | $ 27,000 |
| Choctaw County Mississippi | 1 | $ 51,000 | $ 51,000 | $ 19,000 |
| Clarke County Mississippi | 1 | $ 95,000 | $ 95,000 | $ 50,000 |
| Forrest County Mississippi | 1 | $ 75,000 | $ 75,000 | $ 31,000 |
| Jasper County Mississippi | 1 | $ 85,000 | $ 85,000 | $ 38,000 |
| Jefferson County Mississippi | 1 | $ 417,000 | $ 417,000 | $ 151,000 |
| Lowndes County Mississippi | 1 | $ 66,000 | $ 66,000 | $ 38,000 |
| Monroe County Mississippi | 1 | $ 82,000 | $ 82,000 | $ 53,000 |
| Oktibbeha County Mississippi | 1 | $ 106,000 | $ 106,000 | $ 27,000 |
| Pontotoc County Mississippi | 1 | $ 57,000 | $ 57,000 | $ 52,000 |
| Scott County Mississippi | 1 | $ 67,000 | $ 67,000 | $ 25,000 |
| Tishomingo County Mississippi | 1 | $ 119,000 | $ 119,000 | $ 32,000 |
| Winston County Mississippi | 1 | $ 55,000 | $ 55,000 | $ 17,000 |
| Christian County Missouri | 1 | $ 127,000 | $ 127,000 | $ 63,000 |
| Franklin County Missouri | 1 | $ 154,000 | $ 154,000 | $ 33,000 |
| Jasper County Missouri | 1 | $ 95,000 | $ 95,000 | $ 20,000 |
| Newton County Missouri | 1 | $ 77,000 | $ 77,000 | $ 18,000 |
| Putnam County Missouri | 1 | $ 150,000 | $ 150,000 | $ 20,000 |
| Carteret County North Carolina | 1 | $ 155,000 | $ 155,000 | $ 53,000 |
| Harnett County North Carolina | 1 | $ 159,000 | $ 159,000 | $ 97,000 |
| Hoke County North Carolina | 1 | $ 156,000 | $ 156,000 | $ 93,000 |
| McDowell County North Carolina | 1 | $ 147,000 | $ 147,000 | $ 43,000 |
| Moore County North Carolina | 1 | $ 171,000 | $ 171,000 | $ 42,000 |
| Nash County North Carolina | 1 | $ 137,000 | $ 137,000 | $ 33,000 |
| Surry County North Carolina | 1 | $ 125,000 | $ 125,000 | $ 30,000 |
| Wilson County North Carolina | 1 | $ 135,000 | $ 135,000 | $ 53,000 |
| Charleston County South Carolina | 1 | $ 129,000 | $ 129,000 | $ 38,000 |
| Florence County South Carolina | 1 | $ 66,000 | $ 66,000 | $ 30,000 |
| Georgetown County South Carolina | 1 | $ 82,000 | $ 82,000 | $ 40,000 |
| Greenville County South Carolina | 1 | $ 96,000 | $ 96,000 | $ 32,000 |
| Richland County South Carolina | 1 | $ 279,000 | $ 279,000 | $ 97,000 |
| Bledsoe County Tennessee | 1 | $ 103,000 | $ 103,000 | $ 44,000 |
| Blount County Tennessee | 1 | $ 109,000 | $ 109,000 | $ 44,000 |
| Cheatham County Tennessee | 1 | $ 89,000 | $ 89,000 | $ 38,000 |
| Hardeman County Tennessee | 1 | $ 77,000 | $ 77,000 | $ 31,000 |
| Knox County Tennessee | 1 | $ 195,000 | $ 195,000 | $ 161,000 |
| Lawrence County Tennessee | 1 | $ 141,000 | $ 141,000 | $ 40,000 |
| Lincoln County Tennessee | 1 | $ 167,000 | $ 167,000 | $ 76,000 |
| Madison County Tennessee | 1 | $ 84,000 | $ 84,000 | $ 36,000 |
| Meigs County Tennessee | 1 | $ 178,000 | $ 178,000 | $ 43,000 |
| Monroe County Tennessee | 1 | $ 72,000 | $ 72,000 | $ 14,000 |
| Putnam County Tennessee | 1 | $ 89,000 | $ 89,000 | $ 27,000 |
| Rhea County Tennessee | 1 | $ 51,000 | $ 51,000 | $ 50,000 |
| Sevier County Tennessee | 1 | $ 110,000 | $ 110,000 | $ 41,000 |
| Tipton County Tennessee | 1 | $ 75,000 | $ 75,000 | $ 38,000 |
| Williamson County Tennessee | 1 | $ 228,000 | $ 228,000 | $ 87,000 |
| Smith County Texas | 1 | $ 63,000 | $ 63,000 | $ 44,000 |
| Tarrant County Texas | 1 | $ 145,000 | $ 145,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for First Choice Funding, Inc. in 2007
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 | 746 | $99,851,000 | $133,000 | $1,935,000 | $63,000 | $1,992,000 |
| Refinancing | 151 | $21,015,000 | $139,000 | $736,000 | $57,000 | $229,000 |
| 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 |
|---|---|---|---|---|---|---|
| Black or African American | 360 | $42,510,000 | $118,000 | $796,000 | $54,000 | $816,000 |
| White | 277 | $40,059,000 | $144,000 | $960,000 | $71,000 | $1,992,000 |
| Not Provided | 237 | $33,056,000 | $139,000 | $1,935,000 | $62,000 | $1,764,000 |
| Hispanic | 17 | $4,582,000 | $269,000 | $1,205,000 | $111,000 | $480,000 |
| Asian | 4 | $459,000 | $114,000 | $167,000 | $67,000 | $118,000 |
| American Indian or Alaskan Native | 2 | $200,000 | $100,000 | $149,000 | $58,000 | $66,000 |
| 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) | 804 | $108,109,000 | $134,000 | $1,935,000 | $63,000 | $1,992,000 |
| FHA-insured (Federal Housing Administration) | 82 | $11,014,000 | $134,000 | $336,000 | $51,000 | $136,000 |
| VA-guaranteed (Veterans Administration) | 10 | $1,596,000 | $159,000 | $244,000 | $58,000 | $94,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $147,000 | $147,000 | $147,000 | $46,000 | $46,000 |
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 Denied By Financial Institution | 440 | $56,802,000 | $129,000 | $1,935,000 | $63,000 | $1,992,000 |
| Loan Originated | 292 | $39,491,000 | $135,000 | $796,000 | $60,000 | $607,000 |
| File Closed For Incompleteness | 83 | $12,313,000 | $148,000 | $950,000 | $68,000 | $1,437,000 |
| Application Withdrawn By Applicant | 44 | $7,775,000 | $176,000 | $1,205,000 | $71,000 | $480,000 |
| Application Approved But Not Accepted | 37 | $4,376,000 | $118,000 | $550,000 | $50,000 | $168,000 |
| Preapproval Denied by Financial Institution | 1 | $109,000 | $109,000 | $109,000 | $20,000 | $20,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 214 | $25,681,000 | $120,000 | $1,170,000 | $62,000 | $1,992,000 |
| Other | 71 | $9,842,000 | $138,000 | $1,935,000 | $80,000 | $1,764,000 |
| Debt-To-Income Ratio | 9 | $1,515,000 | $168,000 | $640,000 | $41,000 | $142,000 |
| Employment History | 8 | $618,000 | $77,000 | $115,000 | $40,000 | $58,000 |
| Collateral | 7 | $587,000 | $83,000 | $150,000 | $63,000 | $180,000 |
| Unverifiable Information | 6 | $1,095,000 | $182,000 | $656,000 | $87,000 | $294,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $403,000 | $100,000 | $143,000 | $41,000 | $66,000 |
| Credit Application Incomplete | 3 | $238,000 | $79,000 | $88,000 | $37,000 | $51,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Choice Funding, Inc.'s 2007 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 First Choice Funding, 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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