First Choice Loan Services Inc. Mortgage Lending & HMDA Data, 2020
In 2020, First Choice Loan Services Inc. of East Brunswick, NJ reported 2,545 mortgage applications totaling $935.3 million, down 81% from 2019. The average application was for $367,491, and applicants reported an average income of $149,720. 66% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (131), Phoenix-Mesa-Scottsdale, AZ (124) and Anaheim-Santa Ana-Irvine, CA (106) (applications in parentheses).
| Mortgage Company & Address | First Choice Loan Services Inc. One Tower Center, Floor #18 East Brunswick, NJ 08816 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 |
| Total Number of Mortgage Applications | 2,545 |
| Total Mortgage Loan Application Amount | $935,265,000 |
| Average Mortgage Loan Application Amount | $367,491 |
| Highest Mortgage Loan Application Amount | $2,675,000 |
| Average Applicant Income | $149,720 |
| Highest Applicant Income | $2,431,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Choice Loan Services Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 131 | $ 59,215,000 | $ 452,022 | $ 155,000 |
| Phoenix-Mesa-Scottsdale, AZ | 124 | $ 42,460,000 | $ 342,419 | $ 146,000 |
| Anaheim-Santa Ana-Irvine, CA | 106 | $ 50,950,000 | $ 480,660 | $ 157,000 |
| Dallas-Plano-Irving, TX | 99 | $ 31,195,000 | $ 315,101 | $ 175,000 |
| Outside any metro area | 90 | $ 28,370,000 | $ 315,222 | $ 152,409 |
| Riverside-San Bernardino-Ontario, CA | 84 | $ 29,420,000 | $ 350,238 | $ 126,000 |
| New York-Newark, NY | 77 | $ 27,825,000 | $ 361,363 | $ 180,000 |
| San Diego-Carlsbad, CA | 74 | $ 39,510,000 | $ 533,918 | $ 167,000 |
| Seattle-Bellevue-Everett, WA | 73 | $ 31,625,000 | $ 433,219 | $ 155,000 |
| Atlanta-Sandy Springs-Roswell, GA | 71 | $ 21,405,000 | $ 301,478 | $ 137,000 |
| Houston-The Woodlands-Sugar Land, TX | 70 | $ 17,060,000 | $ 243,714 | $ 106,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 65 | $ 28,945,000 | $ 445,307 | $ 160,092 |
| Reno, NV | 61 | $ 19,335,000 | $ 316,967 | $ 126,000 |
| Las Vegas-Henderson-Paradise, NV | 56 | $ 19,790,000 | $ 353,392 | $ 121,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 50 | $ 19,550,000 | $ 391,000 | $ 155,400 |
| Montgomery County-Bucks County-Chester County, PA | 49 | $ 17,845,000 | $ 364,183 | $ 162,000 |
| Oakland-Hayward-Berkeley, CA | 46 | $ 24,830,000 | $ 539,782 | $ 161,000 |
| Denver-Aurora-Lakewood, CO | 44 | $ 17,260,000 | $ 392,272 | $ 128,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 44 | $ 16,210,000 | $ 368,409 | $ 173,000 |
| Columbus, GA-AL | 40 | $ 5,260,000 | $ 131,500 | $ 61,250 |
| Sacramento--Roseville--Arden-Arcade, CA | 40 | $ 14,780,000 | $ 369,500 | $ 151,000 |
| Chicago-Naperville, IL | 36 | $ 13,420,000 | $ 372,777 | $ 201,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 35 | $ 11,455,000 | $ 327,285 | $ 97,000 |
| Fort Worth-Arlington, TX | 28 | $ 7,990,000 | $ 285,357 | $ 114,000 |
| Cambridge-Newton-Framingham, MA | 27 | $ 10,855,000 | $ 402,037 | $ 172,000 |
| Trenton, NJ | 27 | $ 7,685,000 | $ 284,629 | $ 142,000 |
| Boston, MA | 26 | $ 12,780,000 | $ 491,538 | $ 176,000 |
| Charlotte-Concord-Gastonia, NC-SC | 26 | $ 8,810,000 | $ 338,846 | $ 120,961 |
| Austin-Round Rock, TX | 25 | $ 9,265,000 | $ 370,600 | $ 163,000 |
| Baltimore-Columbia-Towson, MD | 23 | $ 9,805,000 | $ 426,304 | $ 181,000 |
| Newark, NJ-PA | 23 | $ 8,125,000 | $ 353,260 | $ 263,695 |
| Salt Lake City, UT | 23 | $ 8,465,000 | $ 368,043 | $ 137,000 |
| Warren-Troy-Farmington Hills, MI | 22 | $ 7,470,000 | $ 339,545 | $ 157,000 |
| Reading, PA | 20 | $ 2,910,000 | $ 145,500 | $ 68,000 |
| Norwich-New London, CT | 18 | $ 4,410,000 | $ 245,000 | $ 116,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 18 | $ 10,770,000 | $ 598,333 | $ 182,000 |
| Philadelphia, PA | 17 | $ 4,135,000 | $ 243,235 | $ 103,000 |
| Raleigh, NC | 17 | $ 6,295,000 | $ 370,294 | $ 192,000 |
| Auburn-Opelika, AL | 16 | $ 2,640,000 | $ 165,000 | $ 74,000 |
| Boise City, ID | 16 | $ 5,360,000 | $ 335,000 | $ 113,000 |
| Provo-Orem, UT | 16 | $ 5,730,000 | $ 358,125 | $ 169,000 |
| Salinas, CA | 16 | $ 7,230,000 | $ 451,875 | $ 124,000 |
| Hartford-West Hartford-East Hartford, CT | 15 | $ 4,405,000 | $ 293,666 | $ 200,000 |
| Vallejo-Fairfield, CA | 15 | $ 5,615,000 | $ 374,333 | $ 242,000 |
| Washington-Baltimore-Arlington, DC | 14 | $ 6,430,000 | $ 459,285 | $ 187,000 |
| Worcester, MA-CT | 14 | $ 4,490,000 | $ 320,714 | $ 154,000 |
| Eugene, OR | 12 | $ 3,850,000 | $ 320,833 | $ 124,000 |
| San Francisco-Redwood City-South San Francisco, CA | 12 | $ 7,280,000 | $ 606,666 | $ 262,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 11 | $ 2,115,000 | $ 192,272 | $ 71,000 |
| San Antonio-New Braunfels, TX | 11 | $ 4,245,000 | $ 385,909 | $ 171,000 |
| Stockton-Lodi, CA | 11 | $ 5,025,000 | $ 456,818 | $ 174,000 |
| Urban Honolulu, HI | 11 | $ 5,855,000 | $ 532,272 | $ 142,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 10 | $ 4,860,000 | $ 486,000 | $ 150,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 9 | $ 2,805,000 | $ 311,666 | $ 121,333 |
| Kansas City, MO-KS | 9 | $ 2,985,000 | $ 331,666 | $ 129,444 |
| New Orleans-Metairie, LA | 9 | $ 3,335,000 | $ 370,555 | $ 138,000 |
| Ogden-Clearfield, UT | 9 | $ 4,095,000 | $ 455,000 | $ 171,000 |
| Anchorage, AK | 8 | $ 3,660,000 | $ 457,500 | $ 144,000 |
| Bremerton-Silverdale, WA | 8 | $ 2,910,000 | $ 363,750 | $ 155,000 |
| Bridgeport-Stamford-Norwalk, CT | 8 | $ 3,700,000 | $ 462,500 | $ 155,000 |
| Fort Collins, CO | 8 | $ 3,450,000 | $ 431,250 | $ 220,000 |
| New York-Jersey City-White Plains, NY-NJ | 8 | $ 3,310,000 | $ 413,750 | $ 149,000 |
| Tacoma-Lakewood, WA | 8 | $ 2,430,000 | $ 303,750 | $ 151,000 |
| Camden, NJ | 7 | $ 2,395,000 | $ 342,142 | $ 143,000 |
| Detroit-Dearborn-Livonia, MI | 7 | $ 2,295,000 | $ 327,857 | $ 159,000 |
| Durham-Chapel Hill, NC | 7 | $ 2,435,000 | $ 347,857 | $ 181,000 |
| Fresno, CA | 7 | $ 2,545,000 | $ 363,571 | $ 150,000 |
| Olympia-Tumwater, WA | 7 | $ 1,995,000 | $ 285,000 | $ 151,000 |
| Santa Fe, NM | 7 | $ 2,415,000 | $ 345,000 | $ 174,000 |
| Santa Rosa, CA | 7 | $ 3,725,000 | $ 532,142 | $ 167,000 |
| St. Louis, MO-IL | 7 | $ 2,035,000 | $ 290,714 | $ 128,000 |
| Boulder, CO | 6 | $ 2,470,000 | $ 411,666 | $ 145,000 |
| Cincinnati, OH-KY-IN | 6 | $ 1,870,000 | $ 311,666 | $ 136,666 |
| Coeur D'Alene, ID | 6 | $ 2,240,000 | $ 373,333 | $ 168,000 |
| Indianapolis-Carmel-Anderson, IN | 6 | $ 2,350,000 | $ 391,666 | $ 172,000 |
| Jacksonville, FL | 6 | $ 1,950,000 | $ 325,000 | $ 152,000 |
| Knoxville, TN | 6 | $ 1,550,000 | $ 258,333 | $ 85,000 |
| Tucson, AZ | 6 | $ 1,760,000 | $ 293,333 | $ 176,000 |
| Albuquerque, NM | 5 | $ 1,935,000 | $ 387,000 | $ 182,000 |
| Bellingham, WA | 5 | $ 1,975,000 | $ 395,000 | $ 112,000 |
| Columbus, OH | 5 | $ 1,345,000 | $ 269,000 | $ 94,000 |
| Elgin, IL | 5 | $ 1,575,000 | $ 315,000 | $ 148,000 |
| Flagstaff, AZ | 5 | $ 1,835,000 | $ 367,000 | $ 112,000 |
| Memphis, TN-MS-AR | 5 | $ 855,000 | $ 171,000 | $ 155,000 |
| Mobile, AL | 5 | $ 1,215,000 | $ 243,000 | $ 149,000 |
| Pittsburgh, PA | 5 | $ 1,875,000 | $ 375,000 | $ 178,000 |
| Prescott Valley-Prescott, AZ | 5 | $ 1,315,000 | $ 263,000 | $ 140,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 1,665,000 | $ 333,000 | $ 137,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 5 | $ 1,515,000 | $ 303,000 | $ 124,800 |
| Bend-Redmond, OR | 4 | $ 2,640,000 | $ 660,000 | $ 136,000 |
| Birmingham-Hoover, AL | 4 | $ 1,310,000 | $ 327,500 | $ 105,000 |
| Chico, CA | 4 | $ 1,460,000 | $ 365,000 | $ 107,000 |
| Lake County-Kenosha County, IL-WI | 4 | $ 2,050,000 | $ 512,500 | $ 238,000 |
| Napa, CA | 4 | $ 1,910,000 | $ 477,500 | $ 138,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 1,170,000 | $ 292,500 | $ 88,000 |
| Salisbury, MD-DE | 4 | $ 1,010,000 | $ 252,500 | $ 148,000 |
| San Rafael, CA | 4 | $ 2,280,000 | $ 570,000 | $ 214,000 |
| Spokane-Spokane Valley, WA | 4 | $ 1,560,000 | $ 390,000 | $ 236,000 |
| St. George, UT | 4 | $ 1,340,000 | $ 335,000 | $ 96,000 |
| Wilmington, DE-MD-NJ | 4 | $ 1,580,000 | $ 395,000 | $ 195,000 |
| Ann Arbor, MI | 3 | $ 1,085,000 | $ 361,666 | $ 214,000 |
| Bakersfield, CA | 3 | $ 1,235,000 | $ 411,666 | $ 219,000 |
| Carson City, NV | 3 | $ 755,000 | $ 251,666 | $ 81,000 |
| Charleston-North Charleston, SC | 3 | $ 885,000 | $ 295,000 | $ 279,000 |
| Chattanooga, TN-GA | 3 | $ 725,000 | $ 241,666 | $ 188,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 785,000 | $ 261,666 | $ 144,000 |
| Greensboro-High Point, NC | 3 | $ 995,000 | $ 331,666 | $ 136,000 |
| Greenville-Anderson-Mauldin, SC | 3 | $ 785,000 | $ 261,666 | $ 133,000 |
| Louisville/Jefferson County, KY-IN | 3 | $ 855,000 | $ 285,000 | $ 134,000 |
| Milwaukee-Waukesha-West Allis, WI | 3 | $ 1,215,000 | $ 405,000 | $ 187,000 |
| Modesto, CA | 3 | $ 1,055,000 | $ 351,666 | $ 188,000 |
| New Haven-Milford, CT | 3 | $ 845,000 | $ 281,666 | $ 115,000 |
| Omaha-Council Bluffs, NE-IA | 3 | $ 1,185,000 | $ 395,000 | $ 153,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 1,155,000 | $ 385,000 | $ 121,000 |
| Rochester, MN | 3 | $ 1,205,000 | $ 401,666 | $ 165,000 |
| Salem, OR | 3 | $ 895,000 | $ 298,333 | $ 155,000 |
| Santa Cruz-Watsonville, CA | 3 | $ 1,715,000 | $ 571,666 | $ 161,000 |
| Santa Maria-Santa Barbara, CA | 3 | $ 1,225,000 | $ 408,333 | $ 166,000 |
| Visalia-Porterville, CA | 3 | $ 1,325,000 | $ 441,666 | $ 116,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 3 | $ 1,415,000 | $ 471,666 | $ 188,000 |
| Yakima, WA | 3 | $ 945,000 | $ 315,000 | $ 135,000 |
| Amarillo, TX | 2 | $ 710,000 | $ 355,000 | $ 130,000 |
| Athens-Clarke County, GA | 2 | $ 640,000 | $ 320,000 | $ 36,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 720,000 | $ 360,000 | $ 143,000 |
| Casper, WY | 2 | $ 410,000 | $ 205,000 | $ 115,000 |
| Charlottesville, VA | 2 | $ 780,000 | $ 390,000 | $ 149,000 |
| Cleveland-Elyria, OH | 2 | $ 530,000 | $ 265,000 | $ 101,000 |
| Fairbanks, AK | 2 | $ 510,000 | $ 255,000 | $ 127,000 |
| Fayetteville, NC | 2 | $ 410,000 | $ 205,000 | $ 0 |
| Gary, IN | 2 | $ 300,000 | $ 150,000 | $ 151,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 680,000 | $ 340,000 | $ 258,000 |
| Greeley, CO | 2 | $ 440,000 | $ 220,000 | $ 60,000 |
| Hanford-Corcoran, CA | 2 | $ 650,000 | $ 325,000 | $ 99,000 |
| Huntsville, AL | 2 | $ 410,000 | $ 205,000 | $ 88,000 |
| Kahului-Wailuku-Lahaina, HI | 2 | $ 990,000 | $ 495,000 | $ 114,000 |
| Kennewick-Richland, WA | 2 | $ 630,000 | $ 315,000 | $ 101,000 |
| Lakeland-Winter Haven, FL | 2 | $ 410,000 | $ 205,000 | $ 74,000 |
| Madison, WI | 2 | $ 870,000 | $ 435,000 | $ 191,000 |
| McAllen-Edinburg-Mission, TX | 2 | $ 410,000 | $ 205,000 | $ 97,000 |
| Medford, OR | 2 | $ 710,000 | $ 355,000 | $ 168,000 |
| Merced, CA | 2 | $ 480,000 | $ 240,000 | $ 108,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 930,000 | $ 465,000 | $ 237,000 |
| Midland, TX | 2 | $ 1,000,000 | $ 500,000 | $ 185,000 |
| Panama City, FL | 2 | $ 530,000 | $ 265,000 | $ 160,000 |
| Providence-Warwick, RI-MA | 2 | $ 940,000 | $ 470,000 | $ 115,500 |
| Redding, CA | 2 | $ 700,000 | $ 350,000 | $ 89,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 2 | $ 930,000 | $ 465,000 | $ 195,000 |
| Savannah, GA | 2 | $ 520,000 | $ 260,000 | $ 112,000 |
| Springfield, MA | 2 | $ 490,000 | $ 245,000 | $ 75,000 |
| Williamsport, PA | 2 | $ 260,000 | $ 130,000 | $ 48,000 |
| Albany, OR | 1 | $ 325,000 | $ 325,000 | $ 78,000 |
| Baton Rouge, LA | 1 | $ 345,000 | $ 345,000 | $ 103,000 |
| Billings, MT | 1 | $ 215,000 | $ 215,000 | $ 162,000 |
| Columbia, SC | 1 | $ 505,000 | $ 505,000 | $ 243,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 315,000 | $ 315,000 | $ 247,000 |
| Decatur, AL | 1 | $ 115,000 | $ 115,000 | $ 41,000 |
| Dover, DE | 1 | $ 425,000 | $ 425,000 | $ 700,000 |
| Eau Claire, WI | 1 | $ 425,000 | $ 425,000 | $ 217,000 |
| El Paso, TX | 1 | $ 225,000 | $ 225,000 | $ 53,000 |
| Hammond, LA | 1 | $ 155,000 | $ 155,000 | $ 49,000 |
| Houma-Thibodaux, LA | 1 | $ 515,000 | $ 515,000 | $ 343,000 |
| Killeen-Temple, TX | 1 | $ 255,000 | $ 255,000 | $ 88,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 225,000 | $ 225,000 | $ 109,000 |
| Laredo, TX | 1 | $ 165,000 | $ 165,000 | $ 115,000 |
| Lebanon, PA | 1 | $ 135,000 | $ 135,000 | $ 106,000 |
| Lubbock, TX | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Madera, CA | 1 | $ 205,000 | $ 205,000 | $ 186,000 |
| Manchester-Nashua, NH | 1 | $ 335,000 | $ 335,000 | $ 175,000 |
| Missoula, MT | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Montgomery, AL | 1 | $ 245,000 | $ 245,000 | $ 57,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 595,000 | $ 595,000 | $ 203,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 305,000 | $ 305,000 | $ 123,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 375,000 | $ 375,000 | $ 144,000 |
| Ocean City, NJ | 1 | $ 125,000 | $ 125,000 | $ 57,000 |
| Oklahoma City, OK | 1 | $ 235,000 | $ 235,000 | $ 160,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 305,000 | $ 305,000 | $ 141,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 155,000 | $ 155,000 | $ 52,000 |
| Pocatello, ID | 1 | $ 225,000 | $ 225,000 | $ 118,000 |
| Port St. Lucie, FL | 1 | $ 165,000 | $ 165,000 | $ 31,000 |
| Portland-South Portland, ME | 1 | $ 235,000 | $ 235,000 | $ 151,000 |
| Punta Gorda, FL | 1 | $ 295,000 | $ 295,000 | $ 89,000 |
| Richmond, VA | 1 | $ 295,000 | $ 295,000 | $ 98,000 |
| Rockingham County-Strafford County, NH | 1 | $ 85,000 | $ 85,000 | $ 196,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 145,000 | $ 145,000 | $ 193,000 |
| Toledo, OH | 1 | $ 495,000 | $ 495,000 | $ 292,000 |
| Tulsa, OK | 1 | $ 195,000 | $ 195,000 | $ 89,000 |
| Valdosta, GA | 1 | $ 135,000 | $ 135,000 | $ 65,000 |
| Waco, TX | 1 | $ 315,000 | $ 315,000 | $ 134,000 |
Mortgage Loan Application Detail Totals for First Choice Loan Services Inc. 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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,292 | $512,740,000 | $396,000 | $1,755,000 | $164,000 | $2,280,000 |
| Home Purchase | 776 | $246,440,000 | $317,000 | $2,675,000 | $124,000 | $2,401,000 |
| Cash-out Refinancing | 445 | $168,555,000 | $378,000 | $1,755,000 | $147,000 | $1,709,000 |
| Other Purpose | 27 | $6,055,000 | $224,000 | $685,000 | $253,000 | $2,431,000 |
| Home Improvement | 5 | $1,475,000 | $295,000 | $515,000 | $136,000 | $198,000 |
| 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 | 1,282 | $470,910,000 | $367,000 | $2,675,000 | $150,000 | $2,431,000 |
| Not Provided | 663 | $257,255,000 | $388,000 | $1,755,000 | $162,000 | $2,401,000 |
| Asian | 234 | $96,170,000 | $410,000 | $975,000 | $161,000 | $700,000 |
| Hispanic | 214 | $65,670,000 | $306,000 | $795,000 | $110,000 | $407,000 |
| Black or African American | 118 | $30,500,000 | $258,000 | $1,105,000 | $92,000 | $475,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,825,000 | $365,000 | $455,000 | $145,000 | $215,000 |
| American Indian or Alaskan Native | 4 | $1,000,000 | $250,000 | $365,000 | $114,000 | $187,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 2,200 | $836,700,000 | $380,000 | $2,675,000 | $158,000 | $2,431,000 |
| FHA-insured (Federal Housing Administration) | 193 | $42,755,000 | $221,000 | $675,000 | $76,000 | $456,000 |
| VA-guaranteed (Veterans Administration) | 144 | $54,370,000 | $377,000 | $855,000 | $107,000 | $330,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $1,440,000 | $180,000 | $285,000 | $66,000 | $95,000 |
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 |
|---|---|---|---|---|---|---|
| Loan Originated | 1,684 | $604,120,000 | $358,000 | $1,205,000 | $146,000 | $2,401,000 |
| Application Withdrawn By Applicant | 502 | $195,280,000 | $389,000 | $2,675,000 | $159,000 | $2,431,000 |
| Application Approved But Not Accepted | 208 | $74,220,000 | $356,000 | $1,275,000 | $144,000 | $695,000 |
| Application Denied By Financial Institution | 88 | $36,360,000 | $413,000 | $2,005,000 | $136,000 | $1,250,000 |
| File Closed For Incompleteness | 62 | $25,230,000 | $406,000 | $1,305,000 | $188,000 | $1,188,000 |
| Preapproval Denied by Financial Institution | 1 | $55,000 | $55,000 | $55,000 | $11,000 | $11,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,456 | $898,850,000 | $365,000 | $2,675,000 | $150,000 | $2,431,000 |
| Other | 43 | $20,155,000 | $468,000 | $2,005,000 | $175,000 | $1,250,000 |
| Debt-To-Income Ratio | 26 | $10,530,000 | $405,000 | $1,285,000 | $101,000 | $252,000 |
| Collateral | 10 | $3,300,000 | $330,000 | $555,000 | $112,000 | $182,000 |
| Credit History | 6 | $1,190,000 | $198,000 | $425,000 | $59,000 | $114,000 |
| Employment History | 2 | $460,000 | $230,000 | $305,000 | $41,000 | $41,000 |
| Credit Application Incomplete | 1 | $205,000 | $205,000 | $205,000 | $39,000 | $39,000 |
| Unverifiable Information | 1 | $575,000 | $575,000 | $575,000 | $159,000 | $159,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Choice Loan Services Inc.'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 First Choice Loan Services 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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