121 Financial Mortgage Lending & HMDA Data, 2022
In 2022, 121 Financial of Jacksonville, FL reported 808 mortgage applications totaling $108.2 million, up 109% from 2021. The average application was for $133,948, and applicants reported an average income of $127,841. 58% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Jacksonville, FL (761), Gainesville, FL (8) and Tampa-St. Petersburg-Clearwater, FL (5) (applications in parentheses).
| Mortgage Company & Address | 121 Financial 701 Riverside Park Place Jacksonville, FL 32204 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 808 |
| Total Mortgage Loan Application Amount | $108,230,000 |
| Average Mortgage Loan Application Amount | $133,948 |
| Highest Mortgage Loan Application Amount | $1,505,000 |
| Average Applicant Income | $127,841 |
| Highest Applicant Income | $9,685,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records 121 Financial filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 121 Financial in 2022
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 Improvement | 330 | $33,590,000 | $101,000 | $505,000 | $152,000 | $9,685,000 |
| Other Purpose | 220 | $22,500,000 | $102,000 | $805,000 | $124,000 | $895,000 |
| Cash-out Refinancing | 136 | $28,790,000 | $211,000 | $1,505,000 | $99,000 | $646,000 |
| Refinancing | 78 | $10,180,000 | $130,000 | $755,000 | $94,000 | $591,000 |
| Home Purchase | 44 | $13,170,000 | $299,000 | $735,000 | $115,000 | $274,000 |
| 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 | 482 | $67,520,000 | $140,000 | $1,505,000 | $150,000 | $9,685,000 |
| Black or African American | 160 | $15,490,000 | $96,000 | $655,000 | $81,000 | $375,000 |
| Not Provided | 94 | $15,040,000 | $160,000 | $865,000 | $101,000 | $591,000 |
| Hispanic | 38 | $4,440,000 | $116,000 | $565,000 | $104,000 | $450,000 |
| Asian | 21 | $2,555,000 | $121,000 | $315,000 | $138,000 | $422,000 |
| Not applicable | 7 | $1,965,000 | $280,000 | $735,000 | $0 | $0 |
| American Indian or Alaskan Native | 5 | $985,000 | $197,000 | $375,000 | $161,000 | $246,000 |
| Native Hawaiian 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) | 803 | $106,695,000 | $132,000 | $1,505,000 | $128,000 | $9,685,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,535,000 | $307,000 | $485,000 | $142,000 | $274,000 |
| 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 |
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 | 471 | $59,665,000 | $126,000 | $865,000 | $131,000 | $930,000 |
| Application Withdrawn By Applicant | 156 | $23,340,000 | $149,000 | $1,505,000 | $112,000 | $895,000 |
| Application Denied By Financial Institution | 150 | $18,120,000 | $120,000 | $715,000 | $142,000 | $9,685,000 |
| File Closed For Incompleteness | 16 | $3,320,000 | $207,000 | $635,000 | $95,000 | $150,000 |
| Application Approved But Not Accepted | 15 | $3,785,000 | $252,000 | $645,000 | $111,000 | $400,000 |
| 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 | 658 | $90,110,000 | $136,000 | $1,505,000 | $125,000 | $930,000 |
| Credit History | 62 | $5,120,000 | $82,000 | $265,000 | $69,000 | $170,000 |
| Debt-To-Income Ratio | 46 | $7,350,000 | $159,000 | $655,000 | $69,000 | $357,000 |
| Other | 19 | $2,005,000 | $105,000 | $715,000 | $118,000 | $453,000 |
| Collateral | 15 | $1,445,000 | $96,000 | $375,000 | $78,000 | $192,000 |
| Unverifiable Information | 7 | $2,065,000 | $295,000 | $505,000 | $1,468,000 | $9,685,000 |
| Employment History | 1 | $135,000 | $135,000 | $135,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into 121 Financial's 2022 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 121 Financial'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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