Get A Rate LLC Mortgage Lending & HMDA Data, 2020
In 2020, Get A Rate LLC of Hackensack, NJ reported 1,842 mortgage applications totaling $628.4 million. The average application was for $341,123, and applicants reported an average income of $148,687. 65% of its applications resulted in an originated loan and 3% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (693), Newark, NJ-PA (406) and New York-Newark, NY (285) (applications in parentheses).
| Mortgage Company & Address | Get A Rate LLC 411 Hackensack Ave Suite 104 Hackensack, NJ 07601 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 |
| Total Number of Mortgage Applications | 1,842 |
| Total Mortgage Loan Application Amount | $628,350,000 |
| Average Mortgage Loan Application Amount | $341,123 |
| Highest Mortgage Loan Application Amount | $1,125,000 |
| Average Applicant Income | $148,687 |
| Highest Applicant Income | $2,820,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Get A Rate LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| New York-Jersey City-White Plains, NY-NJ | 693 | $ 259,005,000 | $ 373,744 | $ 145,000 |
| Newark, NJ-PA | 406 | $ 143,310,000 | $ 352,980 | $ 171,044 |
| New York-Newark, NY | 285 | $ 93,195,000 | $ 327,000 | $ 151,000 |
| Riverside-San Bernardino-Ontario, CA | 126 | $ 37,880,000 | $ 300,634 | $ 109,000 |
| Camden, NJ | 56 | $ 15,000,000 | $ 267,857 | $ 163,000 |
| Atlanta-Sandy Springs-Roswell, GA | 26 | $ 7,540,000 | $ 290,000 | $ 205,000 |
| Trenton, NJ | 19 | $ 6,495,000 | $ 341,842 | $ 153,000 |
| Anaheim-Santa Ana-Irvine, CA | 15 | $ 5,255,000 | $ 350,333 | $ 144,000 |
| Los Angeles-Long Beach-Glendale, CA | 15 | $ 6,475,000 | $ 431,666 | $ 140,000 |
| Ocean City, NJ | 14 | $ 4,290,000 | $ 306,428 | $ 219,000 |
| Tampa-St. Petersburg-Clearwater, FL | 14 | $ 3,020,000 | $ 215,714 | $ 106,000 |
| Orlando-Kissimmee-Sanford, FL | 13 | $ 3,445,000 | $ 265,000 | $ 87,000 |
| Atlantic City-Hammonton, NJ | 11 | $ 2,055,000 | $ 186,818 | $ 109,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 11 | $ 2,715,000 | $ 246,818 | $ 101,000 |
| East Stroudsburg, PA | 10 | $ 1,440,000 | $ 144,000 | $ 148,000 |
| Jacksonville, FL | 9 | $ 2,065,000 | $ 229,444 | $ 115,000 |
| Miami-Miami Beach-Kendall, FL | 9 | $ 3,105,000 | $ 345,000 | $ 181,000 |
| Oakland-Hayward-Berkeley, CA | 9 | $ 4,195,000 | $ 466,111 | $ 119,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 8 | $ 2,040,000 | $ 255,000 | $ 180,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 8 | $ 2,710,000 | $ 338,750 | $ 171,000 |
| San Diego-Carlsbad, CA | 6 | $ 2,060,000 | $ 343,333 | $ 166,000 |
| Lakeland-Winter Haven, FL | 5 | $ 1,305,000 | $ 261,000 | $ 83,000 |
| Palm Bay-Melbourne-Titusville, FL | 5 | $ 1,905,000 | $ 381,000 | $ 143,000 |
| Cape Coral-Fort Myers, FL | 4 | $ 820,000 | $ 205,000 | $ 82,000 |
| Outside any metro area | 4 | $ 970,000 | $ 242,500 | $ 184,500 |
| New Haven-Milford, CT | 4 | $ 1,100,000 | $ 275,000 | $ 82,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 1,080,000 | $ 270,000 | $ 107,000 |
| Port St. Lucie, FL | 4 | $ 910,000 | $ 227,500 | $ 88,000 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 945,000 | $ 315,000 | $ 89,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 625,000 | $ 208,333 | $ 78,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 3 | $ 1,035,000 | $ 345,000 | $ 157,000 |
| Fresno, CA | 2 | $ 470,000 | $ 235,000 | $ 86,000 |
| Killeen-Temple, TX | 2 | $ 340,000 | $ 170,000 | $ 23,000 |
| Ocala, FL | 2 | $ 250,000 | $ 125,000 | $ 48,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 610,000 | $ 305,000 | $ 81,000 |
| Philadelphia, PA | 2 | $ 490,000 | $ 245,000 | $ 98,000 |
| Bakersfield, CA | 1 | $ 485,000 | $ 485,000 | $ 269,000 |
| Brunswick, GA | 1 | $ 225,000 | $ 225,000 | $ 44,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 345,000 | $ 345,000 | $ 114,000 |
| Gainesville, GA | 1 | $ 575,000 | $ 575,000 | $ 225,000 |
| Modesto, CA | 1 | $ 275,000 | $ 275,000 | $ 88,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 365,000 | $ 365,000 | $ 143,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 255,000 | $ 255,000 | $ 252,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 235,000 | $ 235,000 | $ 80,000 |
| Punta Gorda, FL | 1 | $ 405,000 | $ 405,000 | $ 204,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 365,000 | $ 365,000 | $ 120,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 95,000 | $ 95,000 | $ 40,000 |
| Savannah, GA | 1 | $ 285,000 | $ 285,000 | $ 101,000 |
| Sebastian-Vero Beach, FL | 1 | $ 95,000 | $ 95,000 | $ 29,000 |
| Tallahassee, FL | 1 | $ 365,000 | $ 365,000 | $ 235,000 |
| Vallejo-Fairfield, CA | 1 | $ 345,000 | $ 345,000 | $ 89,000 |
| Vineland-Bridgeton, NJ | 1 | $ 215,000 | $ 215,000 | $ 54,000 |
| Wilmington, DE-MD-NJ | 1 | $ 365,000 | $ 365,000 | $ 154,000 |
Mortgage Loan Application Detail Totals for Get A Rate LLC in 2020
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 | 966 | $331,210,000 | $342,000 | $1,125,000 | $157,000 | $2,688,000 |
| Home Purchase | 558 | $195,810,000 | $350,000 | $845,000 | $125,000 | $2,820,000 |
| Cash-out Refinancing | 318 | $101,330,000 | $318,000 | $965,000 | $165,000 | $2,400,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 878 | $300,370,000 | $342,000 | $945,000 | $151,000 | $2,400,000 |
| Hispanic | 393 | $129,185,000 | $328,000 | $965,000 | $113,000 | $1,536,000 |
| Not Provided | 290 | $100,640,000 | $347,000 | $1,125,000 | $182,000 | $2,688,000 |
| Asian | 200 | $75,110,000 | $375,000 | $765,000 | $164,000 | $650,000 |
| Black or African American | 63 | $17,395,000 | $276,000 | $765,000 | $103,000 | $316,000 |
| American Indian or Alaskan Native | 10 | $2,560,000 | $256,000 | $395,000 | $74,000 | $131,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $435,000 | $435,000 | $435,000 | $113,000 | $113,000 |
| 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) | 1,554 | $528,060,000 | $339,000 | $1,125,000 | $157,000 | $2,820,000 |
| FHA-insured (Federal Housing Administration) | 229 | $79,795,000 | $348,000 | $805,000 | $93,000 | $283,000 |
| VA-guaranteed (Veterans Administration) | 58 | $20,350,000 | $350,000 | $705,000 | $112,000 | $373,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $145,000 | $145,000 | $145,000 | $89,000 | $89,000 |
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 | 1,204 | $415,160,000 | $344,000 | $865,000 | $145,000 | $736,000 |
| Application Withdrawn By Applicant | 283 | $93,275,000 | $329,000 | $1,125,000 | $159,000 | $2,472,000 |
| File Closed For Incompleteness | 169 | $57,205,000 | $338,000 | $845,000 | $181,000 | $2,820,000 |
| Application Approved But Not Accepted | 107 | $36,205,000 | $338,000 | $765,000 | $143,000 | $363,000 |
| Application Denied By Financial Institution | 61 | $19,585,000 | $321,000 | $965,000 | $97,000 | $283,000 |
| Preapproval Approved but not Accepted | 15 | $6,015,000 | $401,000 | $765,000 | $111,000 | $283,000 |
| Preapproval Denied by Financial Institution | 3 | $905,000 | $301,000 | $365,000 | $91,000 | $104,000 |
| Loan Purchased By The 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 | 1,778 | $607,860,000 | $341,000 | $1,125,000 | $150,000 | $2,820,000 |
| Debt-To-Income Ratio | 26 | $8,090,000 | $311,000 | $965,000 | $66,000 | $177,000 |
| Collateral | 13 | $3,915,000 | $301,000 | $945,000 | $107,000 | $218,000 |
| Credit History | 8 | $2,440,000 | $305,000 | $525,000 | $102,000 | $191,000 |
| Employment History | 7 | $2,575,000 | $367,000 | $645,000 | $137,000 | $183,000 |
| Other | 4 | $1,300,000 | $325,000 | $455,000 | $159,000 | $283,000 |
| Unverifiable Information | 4 | $1,500,000 | $375,000 | $455,000 | $138,000 | $163,000 |
| Mortgage Insurance Denied | 1 | $255,000 | $255,000 | $255,000 | $83,000 | $83,000 |
| Credit Application Incomplete | 1 | $415,000 | $415,000 | $415,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Get A Rate LLC's 2020 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 Get A Rate 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.
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with aggregated HMDA statistics today.
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