AllMortgageDetail - Mortgage Application Details

Freedom Mortgage Corporation
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Freedom Mortgage Corporation
10500 Kincaid Dr
Fishers, IN 46037
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2014  2013  2012  2011  
Total Number of Mortgage Applications 146,611
Total Mortgage Loan Application Amount $31,283,489,000
Average Mortgage Loan Application Amount $158,393
Highest Mortgage Loan Application Amount $1,833,000
Average Applicant Income $19,260
Highest Applicant Income $4,522,000

Mortgage Loan Application Detail Totals for Freedom Mortgage Corporation in 2014

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 94,026 $18,592,126,000 $197,000 $1,833,000 $20,000 $4,522,000
Home Purchase 52,325 $12,630,228,000 $241,000 $1,500,000 $28,000 $2,502,000
Home Improvement 261 $61,331,000 $234,000 $880,000 $34,000 $326,000

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 60,717 $11,462,348,000 $188,000 $1,833,000 $36,000 $4,522,000
Not applicable 46,805 $12,044,961,000 $257,000 $1,198,000 $0 $408,000
Black or African American 14,092 $2,505,078,000 $177,000 $989,000 $14,000 $916,000
Not Provided 10,552 $2,236,893,000 $211,000 $1,261,000 $29,000 $1,300,000
Hispanic 9,269 $1,745,483,000 $188,000 $1,265,000 $28,000 $1,035,000
Asian 3,634 $983,955,000 $270,000 $1,052,000 $91,000 $2,502,000
American Indian or Alaskan Native 980 $163,868,000 $167,000 $832,000 $15,000 $469,000
Native Hawaiin or Other Pacific Islander 563 $141,099,000 $250,000 $999,000 $33,000 $504,000

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
VA-guaranteed (Veterans Administration) 65,295 $13,560,690,000 $207,000 $1,350,000 $9,000 $916,000
FHA-insured (Federal Housing Administration) 46,747 $8,999,090,000 $192,000 $962,000 $11,000 $648,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 34,102 $8,652,775,000 $253,000 $1,833,000 $64,000 $4,522,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 468 $71,130,000 $151,000 $449,000 $40,000 $111,000

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 57,594 $11,610,890,000 $201,000 $1,833,000 $36,000 $2,431,000
Loan Purchased By The Institution 46,805 $12,044,961,000 $257,000 $1,198,000 $0 $408,000
Application Withdrawn By Applicant 17,310 $3,099,557,000 $179,000 $1,300,000 $30,000 $1,959,000
File Closed For Incompleteness 16,659 $2,907,889,000 $174,000 $1,089,000 $18,000 $1,035,000
Application Denied By Financial Institution 5,889 $1,152,246,000 $195,000 $1,265,000 $61,000 $4,522,000
Application Approved But Not Accepted 2,355 $468,142,000 $198,000 $981,000 $27,000 $746,000
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