First Mortgage Solutions, LLC Mortgage Lending & HMDA Data, 2018
In 2018, First Mortgage Solutions, LLC of Kansas City, MO reported 1,278 mortgage applications totaling $422.9 million, down 15% from 2017. The average application was for $330,899, and applicants reported an average income of $124,066. 65% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Kansas City, MO-KS (347), Atlanta-Sandy Springs-Roswell, GA (58) and Lawrence, KS (43) (applications in parentheses).
| Mortgage Company & Address | First Mortgage Solutions, LLC 9237 Ward Parkway, Suite 300 Kansas City, MO 64114 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 1,278 |
| Total Mortgage Loan Application Amount | $422,890,000 |
| Average Mortgage Loan Application Amount | $330,899 |
| Highest Mortgage Loan Application Amount | $1,995,000 |
| Average Applicant Income | $124,066 |
| Highest Applicant Income | $1,344,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Mortgage Solutions, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for First Mortgage Solutions, LLC in 2018
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 | 887 | $279,725,000 | $315,000 | $1,995,000 | $121,000 | $798,000 |
| Cash-out Refinancing | 234 | $80,640,000 | $344,000 | $1,375,000 | $125,000 | $486,000 |
| Refinancing | 157 | $62,525,000 | $398,000 | $1,215,000 | $140,000 | $1,344,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 841 | $267,485,000 | $318,000 | $1,995,000 | $123,000 | $1,344,000 |
| Not Provided | 200 | $76,150,000 | $380,000 | $1,095,000 | $139,000 | $574,000 |
| Asian | 86 | $35,790,000 | $416,000 | $1,375,000 | $149,000 | $560,000 |
| Hispanic | 76 | $21,420,000 | $281,000 | $675,000 | $90,000 | $284,000 |
| Black or African American | 64 | $17,240,000 | $269,000 | $765,000 | $99,000 | $315,000 |
| American Indian or Alaskan Native | 4 | $2,000,000 | $500,000 | $965,000 | $149,000 | $225,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $755,000 | $755,000 | $755,000 | $201,000 | $201,000 |
| 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) | 718 | $257,000,000 | $357,000 | $1,995,000 | $146,000 | $1,344,000 |
| VA-guaranteed (Veterans Administration) | 335 | $117,965,000 | $352,000 | $1,065,000 | $110,000 | $314,000 |
| FHA-insured (Federal Housing Administration) | 209 | $45,895,000 | $219,000 | $675,000 | $79,000 | $236,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 16 | $2,030,000 | $126,000 | $305,000 | $48,000 | $73,000 |
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 | 835 | $253,985,000 | $304,000 | $1,995,000 | $118,000 | $1,344,000 |
| Application Withdrawn By Applicant | 383 | $146,465,000 | $382,000 | $1,685,000 | $139,000 | $798,000 |
| Application Denied By Financial Institution | 55 | $20,245,000 | $368,000 | $1,075,000 | $105,000 | $402,000 |
| File Closed For Incompleteness | 5 | $2,195,000 | $439,000 | $725,000 | $210,000 | $282,000 |
| Application Approved But Not Accepted | 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 | 1,223 | $402,645,000 | $329,000 | $1,995,000 | $125,000 | $1,344,000 |
| Debt-To-Income Ratio | 17 | $6,395,000 | $376,000 | $1,075,000 | $73,000 | $198,000 |
| Credit History | 15 | $3,695,000 | $246,000 | $545,000 | $93,000 | $185,000 |
| Collateral | 13 | $4,815,000 | $370,000 | $985,000 | $131,000 | $402,000 |
| Other | 5 | $3,095,000 | $619,000 | $915,000 | $174,000 | $239,000 |
| Unverifiable Information | 3 | $1,245,000 | $415,000 | $725,000 | $114,000 | $155,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $1,000,000 | $500,000 | $505,000 | $122,000 | $125,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Mortgage Solutions, LLC's 2018 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 Mortgage Solutions, 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.
For a list of all lenders in Missouri, download the full spreadsheet
with aggregated HMDA statistics today.
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