Fmhm Mortgage LLC dba Harvard Mortgage Lending & HMDA Data, 2006

In 2006, Fmhm Mortgage LLC dba Harvard of Tucson, AZ reported 123 mortgage applications totaling $16.6 million. The average application was for $134,569, and applicants reported an average income of $90,975. 90% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Albuquerque, NM (122) and Las Cruces, NM (1).

Mortgage Company & Address Fmhm Mortgage LLC dba Harvard
603 N. Wilmot Rd
Tucson, AZ 85711
Federal Regulator * available with data download
Years 2006  
Total Number of Mortgage Applications 123
Total Mortgage Loan Application Amount $16,552,000
Average Mortgage Loan Application Amount $134,569
Highest Mortgage Loan Application Amount $415,000
Average Applicant Income $90,975
Highest Applicant Income $869,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fmhm Mortgage LLC dba Harvard filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Fmhm Mortgage LLC dba Harvard by Metropolitan Area in 2006

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Albuquerque, NM 122 $ 16,452,000 $ 134,852 $ 91,000
Las Cruces, NM 1 $ 100,000 $ 100,000 $ 112,000

Mortgage Loan Application Detail Totals for Fmhm Mortgage LLC dba Harvard in 2006

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 108 $14,276,000 $132,000 $415,000 $95,000 $869,000
Refinancing 15 $2,276,000 $151,000 $415,000 $62,000 $145,000
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
White 86 $12,140,000 $141,000 $415,000 $99,000 $869,000
Hispanic 27 $3,231,000 $119,000 $294,000 $64,000 $120,000
Not Provided 5 $666,000 $133,000 $236,000 $121,000 $228,000
Black or African American 3 $195,000 $65,000 $132,000 $89,000 $180,000
Asian 2 $320,000 $160,000 $213,000 $49,000 $56,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
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) 109 $14,106,000 $129,000 $415,000 $86,000 $750,000
VA-guaranteed (Veterans Administration) 13 $2,323,000 $178,000 $415,000 $133,000 $869,000
FHA-insured (Federal Housing Administration) 1 $123,000 $123,000 $123,000 $55,000 $55,000
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 111 $14,845,000 $133,000 $415,000 $89,000 $869,000
Application Withdrawn By Applicant 7 $851,000 $121,000 $208,000 $91,000 $138,000
Application Approved But Not Accepted 5 $856,000 $171,000 $384,000 $125,000 $310,000
Application Denied By Financial Institution 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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
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 Fmhm Mortgage LLC dba Harvard's 2006 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 Fmhm Mortgage LLC dba Harvard'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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