Firstkey Mortgage, LLC Mortgage Lending & HMDA Data, 2016
In 2016, Firstkey Mortgage, LLC of New York, NY reported 114 mortgage applications totaling $43.7 million, down 94% from 2015. The average application was for $383,245, and applicants reported an average income of $20,105. 49% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Jacksonville, FL (8), Los Angeles-Long Beach-Glendale, CA (8) and Pittsburgh, PA (8) (applications in parentheses).
| Mortgage Company & Address | Firstkey Mortgage, LLC 900 Third Avenue, Suite 500 New York, NY 10022 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 |
| Total Number of Mortgage Applications | 114 |
| Total Mortgage Loan Application Amount | $43,690,000 |
| Average Mortgage Loan Application Amount | $383,245 |
| Highest Mortgage Loan Application Amount | $4,411,000 |
| Average Applicant Income | $20,105 |
| Highest Applicant Income | $145,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Firstkey Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Jacksonville, FL | 8 | $ 10,871,000 | $ 1,358,875 | $ 5,000 |
| Los Angeles-Long Beach-Glendale, CA | 8 | $ 1,553,000 | $ 194,125 | $ 20,000 |
| Pittsburgh, PA | 8 | $ 1,068,000 | $ 133,500 | $ 18,000 |
| Chicago-Naperville-Arlington Heights, IL | 6 | $ 707,000 | $ 117,833 | $ 18,000 |
| Houston-The Woodlands-Sugar Land, TX | 6 | $ 2,085,000 | $ 347,500 | $ 8,000 |
| New York-Jersey City-White Plains, NY-NJ | 6 | $ 1,605,000 | $ 267,500 | $ 43,500 |
| Sacramento--Roseville--Arden-Arcade, CA | 4 | $ 1,220,000 | $ 305,000 | $ 23,000 |
| Bakersfield, CA | 3 | $ 1,048,000 | $ 349,333 | $ 12,000 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 342,000 | $ 114,000 | $ 23,000 |
| Norwich-New London, CT | 3 | $ 311,000 | $ 103,666 | $ 25,000 |
| Riverside-San Bernardino-Ontario, CA | 3 | $ 665,000 | $ 221,666 | $ 36,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 1,542,000 | $ 514,000 | $ 48,000 |
| Akron, OH | 2 | $ 1,355,000 | $ 677,500 | $ 55,000 |
| Baltimore-Columbia-Towson, MD | 2 | $ 412,000 | $ 206,000 | $ 8,000 |
| Cleveland-Elyria, OH | 2 | $ 2,324,000 | $ 1,162,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 704,000 | $ 352,000 | $ 60,000 |
| Fort Worth-Arlington, TX | 2 | $ 2,926,000 | $ 1,463,000 | $ 7,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 162,000 | $ 81,000 | $ 14,000 |
| Kansas City, MO-KS | 2 | $ 199,000 | $ 99,500 | $ 17,000 |
| Nassau County-Suffolk County, NY | 2 | $ 198,000 | $ 99,000 | $ 21,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 1,728,000 | $ 864,000 | $ 0 |
| Seattle-Bellevue-Everett, WA | 2 | $ 471,000 | $ 235,500 | $ 28,000 |
| St. Louis, MO-IL | 2 | $ 608,000 | $ 304,000 | $ 8,000 |
| Tacoma-Lakewood, WA | 2 | $ 157,000 | $ 78,500 | $ 15,000 |
| Vallejo-Fairfield, CA | 2 | $ 271,000 | $ 135,500 | $ 16,000 |
| Visalia-Porterville, CA | 2 | $ 211,000 | $ 105,500 | $ 0 |
| Albany-Schenectady-Troy, NY | 1 | $ 228,000 | $ 228,000 | $ 36,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 745,000 | $ 745,000 | $ 0 |
| Boston, MA | 1 | $ 405,000 | $ 405,000 | $ 60,000 |
| Camden, NJ | 1 | $ 538,000 | $ 538,000 | $ 0 |
| Dallas-Plano-Irving, TX | 1 | $ 141,000 | $ 141,000 | $ 0 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 162,000 | $ 162,000 | $ 26,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 237,000 | $ 237,000 | $ 0 |
| Lake County-Kenosha County, IL-WI | 1 | $ 886,000 | $ 886,000 | $ 0 |
| Manchester-Nashua, NH | 1 | $ 161,000 | $ 161,000 | $ 32,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 105,000 | $ 105,000 | $ 20,000 |
| Newark, NJ-PA | 1 | $ 112,000 | $ 112,000 | $ 0 |
| Ocala, FL | 1 | $ 69,000 | $ 69,000 | $ 10,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 89,000 | $ 89,000 | $ 16,000 |
| Philadelphia, PA | 1 | $ 75,000 | $ 75,000 | $ 12,000 |
| Port St. Lucie, FL | 1 | $ 682,000 | $ 682,000 | $ 0 |
| Providence-Warwick, RI-MA | 1 | $ 692,000 | $ 692,000 | $ 135,000 |
| Richmond, VA | 1 | $ 75,000 | $ 75,000 | $ 11,000 |
| Santa Rosa, CA | 1 | $ 132,000 | $ 132,000 | $ 18,000 |
| Tucson, AZ | 1 | $ 1,204,000 | $ 1,204,000 | $ 0 |
| Tyler, TX | 1 | $ 610,000 | $ 610,000 | $ 110,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 120,000 | $ 120,000 | $ 21,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 652,000 | $ 652,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 100,000 | $ 100,000 | $ 19,000 |
| Wilmington, DE-MD-NJ | 1 | $ 652,000 | $ 652,000 | $ 0 |
Mortgage Loan Application Detail Totals for Firstkey Mortgage, LLC in 2016
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 | 72 | $33,598,000 | $466,000 | $4,411,000 | $22,000 | $145,000 |
| Home Purchase | 38 | $9,217,000 | $242,000 | $1,988,000 | $16,000 | $60,000 |
| Home Improvement | 4 | $875,000 | $218,000 | $400,000 | $25,000 | $40,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 40 | $29,987,000 | $749,000 | $4,411,000 | $3,000 | $33,000 |
| White | 29 | $5,238,000 | $180,000 | $610,000 | $30,000 | $145,000 |
| Not Provided | 28 | $5,428,000 | $193,000 | $692,000 | $28,000 | $135,000 |
| Hispanic | 9 | $1,764,000 | $196,000 | $298,000 | $36,000 | $57,000 |
| Asian | 5 | $848,000 | $169,000 | $405,000 | $25,000 | $60,000 |
| Black or African American | 2 | $169,000 | $84,000 | $94,000 | $15,000 | $19,000 |
| American Indian or Alaskan Native | 1 | $256,000 | $256,000 | $256,000 | $32,000 | $32,000 |
| Native Hawaiin or Other Pacific Islander | 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) | 114 | $43,690,000 | $383,000 | $4,411,000 | $20,000 | $145,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $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 |
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 | 56 | $29,141,000 | $520,000 | $4,411,000 | $12,000 | $49,000 |
| Application Withdrawn By Applicant | 33 | $8,158,000 | $247,000 | $1,988,000 | $25,000 | $110,000 |
| Application Denied By Financial Institution | 17 | $4,501,000 | $264,000 | $692,000 | $47,000 | $145,000 |
| Loan Purchased By The Institution | 7 | $1,815,000 | $259,000 | $886,000 | $0 | $0 |
| Application Approved But Not Accepted | 1 | $75,000 | $75,000 | $75,000 | $12,000 | $12,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Firstkey Mortgage, LLC's 2016 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 Firstkey 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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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