Freedom Mortgage Corporation
Mortgage Loan Application
Totals and Details
for 2016

Mortgage Company & Address Freedom Mortgage Corporation
10500 Kincaid Drive
Fishers, IN 46037
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  
Total Number of Mortgage Applications 381,476
Total Mortgage Loan Application Amount $78,961,415,000
Average Mortgage Loan Application Amount $153,261
Highest Mortgage Loan Application Amount $3,000,000
Average Applicant Income $16,502
Highest Applicant Income $4,800,000
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Mortgage Loan Application Detail Totals for Freedom Mortgage Corporation 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 284,417 $57,789,686,000 $203,000 $2,461,000 $19,000 $4,800,000
Home Purchase 96,145 $20,956,572,000 $217,000 $3,000,000 $28,000 $3,794,000
Home Improvement 916 $215,480,000 $235,000 $1,560,000 $53,000 $3,729,000

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
White 171,230 $33,729,686,000 $196,000 $3,000,000 $30,000 $4,800,000
Not applicable 87,065 $20,201,450,000 $232,000 $1,920,000 $0 $0
Black or African American 40,729 $7,770,698,000 $190,000 $1,180,000 $17,000 $4,733,000
Hispanic 36,295 $7,280,894,000 $200,000 $1,051,000 $24,000 $996,000
Not Provided 33,736 $6,982,951,000 $206,000 $2,461,000 $27,000 $2,622,000
Asian 8,104 $2,070,369,000 $255,000 $2,240,000 $52,000 $1,270,000
American Indian or Alaskan Native 2,678 $498,332,000 $186,000 $1,456,000 $19,000 $371,000
Native Hawaiin or Other Pacific Islander 1,641 $427,358,000 $260,000 $820,000 $28,000 $303,000

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
FHA-insured (Federal Housing Administration) 174,460 $32,986,945,000 $189,000 $981,000 $11,000 $2,622,000
VA-guaranteed (Veterans Administration) 137,637 $30,985,927,000 $225,000 $2,461,000 $12,000 $1,500,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 54,568 $12,720,283,000 $233,000 $3,000,000 $83,000 $4,800,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 14,813 $2,268,583,000 $153,000 $723,000 $1,000 $128,000

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 154,839 $32,215,701,000 $208,000 $3,000,000 $28,000 $4,733,000
Loan Purchased By The Institution 87,065 $20,201,450,000 $232,000 $1,920,000 $0 $0
File Closed For Incompleteness 77,848 $14,491,310,000 $186,000 $2,100,000 $19,000 $4,800,000
Application Withdrawn By Applicant 43,200 $8,402,634,000 $194,000 $1,830,000 $41,000 $3,644,000
Application Denied By Financial Institution 11,807 $2,201,310,000 $186,000 $1,870,000 $42,000 $1,005,000
Application Approved But Not Accepted 6,719 $1,449,333,000 $215,000 $1,498,000 $26,000 $908,000
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
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