Get A Rate LLC Mortgage Lending & HMDA Data, 2018
In 2018, Get A Rate LLC of Elmwood Park, NJ reported 921 mortgage applications totaling $295.7 million, up 42% from 2017. The average application was for $321,058, and applicants reported an average income of $133,552. 47% of its applications resulted in an originated loan and 5% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (456), Newark, NJ-PA (170) and Tampa-St. Petersburg-Clearwater, FL (29) (applications in parentheses).
| Mortgage Company & Address | Get A Rate LLC 200 Riverfront Blvd, Ste 100 Elmwood Park, NJ 07407 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 921 |
| Total Mortgage Loan Application Amount | $295,695,000 |
| Average Mortgage Loan Application Amount | $321,058 |
| Highest Mortgage Loan Application Amount | $985,000 |
| Average Applicant Income | $133,552 |
| Highest Applicant Income | $2,640,000 |
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Act (HMDA) records Get A Rate LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Bergen, New Jersey | 172 | $ 64,840,000 | $ 376,976 | $ 133,000 |
| Passaic, New Jersey | 152 | $ 44,810,000 | $ 294,802 | $ 112,000 |
| Essex, New Jersey | 56 | $ 17,660,000 | $ 315,357 | $ 127,000 |
| Hudson, New Jersey | 51 | $ 19,185,000 | $ 376,176 | $ 126,000 |
| Middlesex, New Jersey | 49 | $ 15,935,000 | $ 325,204 | $ 171,000 |
| Morris, New Jersey | 38 | $ 12,310,000 | $ 323,947 | $ 122,000 |
| Union, New Jersey | 37 | $ 10,515,000 | $ 284,189 | $ 99,000 |
| Sussex, New Jersey | 26 | $ 7,920,000 | $ 304,615 | $ 135,000 |
| Monmouth, New Jersey | 22 | $ 7,800,000 | $ 354,545 | $ 165,000 |
| Hillsborough, Florida | 21 | $ 6,675,000 | $ 317,857 | $ 122,000 |
| Orange, Florida | 13 | $ 3,465,000 | $ 266,538 | $ 113,000 |
| Camden, New Jersey | 11 | $ 2,665,000 | $ 242,272 | $ 108,000 |
| Broward, Florida | 10 | $ 2,710,000 | $ 271,000 | $ 113,000 |
| Ocean, New Jersey | 10 | $ 2,610,000 | $ 261,000 | $ 110,000 |
| Somerset, New Jersey | 10 | $ 3,630,000 | $ 363,000 | $ 147,000 |
| Mercer, New Jersey | 9 | $ 2,115,000 | $ 235,000 | $ 120,000 |
| Miami-Dade, Florida | 7 | $ 2,565,000 | $ 366,428 | $ 175,000 |
| Hartford, Connecticut | 6 | $ 1,550,000 | $ 258,333 | $ 100,000 |
| Brevard, Florida | 6 | $ 1,840,000 | $ 306,666 | $ 154,000 |
| Palm Beach, Florida | 6 | $ 1,990,000 | $ 331,666 | $ 207,000 |
| Burlington, New Jersey | 6 | $ 1,580,000 | $ 263,333 | $ 127,000 |
| Lee, Florida | 4 | $ 980,000 | $ 245,000 | $ 67,000 |
| Pasco, Florida | 4 | $ 1,250,000 | $ 312,500 | $ 114,000 |
| Pinellas, Florida | 4 | $ 1,130,000 | $ 282,500 | $ 136,000 |
| Sarasota, Florida | 4 | $ 1,540,000 | $ 385,000 | $ 89,000 |
| Volusia, Florida | 4 | $ 1,100,000 | $ 275,000 | $ 132,000 |
| Gloucester, New Jersey | 4 | $ 1,230,000 | $ 307,500 | $ 153,000 |
| Fairfield, Connecticut | 3 | $ 945,000 | $ 315,000 | $ 82,000 |
| New Haven, Connecticut | 3 | $ 865,000 | $ 288,333 | $ 115,000 |
| Windham, Connecticut | 3 | $ 875,000 | $ 291,666 | $ 168,000 |
| Polk, Florida | 3 | $ 675,000 | $ 225,000 | $ 85,000 |
| Hunterdon, New Jersey | 3 | $ 1,235,000 | $ 411,666 | $ 183,000 |
| Monroe, Pennsylvania | 3 | $ 695,000 | $ 231,666 | $ 105,000 |
| Philadelphia, Pennsylvania | 3 | $ 1,035,000 | $ 345,000 | $ 120,000 |
| Charlotte, Florida | 2 | $ 380,000 | $ 190,000 | $ 83,000 |
| Duval, Florida | 2 | $ 440,000 | $ 220,000 | $ 111,000 |
| Manatee, Florida | 2 | $ 750,000 | $ 375,000 | $ 76,000 |
| Marion, Florida | 2 | $ 280,000 | $ 140,000 | $ 100,000 |
| Okeechobee, Florida | 2 | $ 490,000 | $ 245,000 | $ 49,000 |
| Seminole, Florida | 2 | $ 550,000 | $ 275,000 | $ 62,000 |
| St. Johns, Florida | 2 | $ 700,000 | $ 350,000 | $ 111,000 |
| Sumter, Florida | 2 | $ 670,000 | $ 335,000 | $ 172,000 |
| Warren, New Jersey | 2 | $ 620,000 | $ 310,000 | $ 92,000 |
| Litchfield, Connecticut | 1 | $ 165,000 | $ 165,000 | $ 580,000 |
| Middlesex, Connecticut | 1 | $ 295,000 | $ 295,000 | $ 152,000 |
| Alachua, Florida | 1 | $ 305,000 | $ 305,000 | $ 91,000 |
| Citrus, Florida | 1 | $ 235,000 | $ 235,000 | $ 154,000 |
| Highlands, Florida | 1 | $ 175,000 | $ 175,000 | $ 111,000 |
| Madison, Florida | 1 | $ 215,000 | $ 215,000 | $ 74,000 |
| Osceola, Florida | 1 | $ 225,000 | $ 225,000 | $ 103,000 |
| Gwinnett, Georgia | 1 | $ 175,000 | $ 175,000 | $ 107,000 |
| Atlantic, New Jersey | 1 | $ 335,000 | $ 335,000 | $ 152,000 |
| Salem, New Jersey | 1 | $ 215,000 | $ 215,000 | $ 89,000 |
| Allegheny, Pennsylvania | 1 | $ 365,000 | $ 365,000 | $ 251,000 |
| Bucks, Pennsylvania | 1 | $ 355,000 | $ 355,000 | $ 202,000 |
| Chester, Pennsylvania | 1 | $ 365,000 | $ 365,000 | $ 75,000 |
| Lackawanna, Pennsylvania | 1 | $ 95,000 | $ 95,000 | $ 66,000 |
Mortgage Loan Application Detail Totals for Get A Rate LLC in 2018
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 | 722 | $232,140,000 | $321,000 | $985,000 | $129,000 | $2,640,000 |
| Refinancing | 122 | $37,720,000 | $309,000 | $855,000 | $164,000 | $2,004,000 |
| Cash-out Refinancing | 77 | $25,835,000 | $335,000 | $705,000 | $128,000 | $435,000 |
| 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 | 426 | $139,110,000 | $326,000 | $985,000 | $135,000 | $2,004,000 |
| Hispanic | 187 | $57,675,000 | $308,000 | $835,000 | $104,000 | $410,000 |
| Not Provided | 124 | $38,650,000 | $311,000 | $675,000 | $181,000 | $2,640,000 |
| Asian | 103 | $36,075,000 | $350,000 | $715,000 | $129,000 | $316,000 |
| Black or African American | 68 | $19,750,000 | $290,000 | $635,000 | $122,000 | $840,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $2,025,000 | $405,000 | $485,000 | $108,000 | $143,000 |
| American Indian or Alaskan Native | 2 | $460,000 | $230,000 | $235,000 | $83,000 | $99,000 |
| 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) | 706 | $227,820,000 | $322,000 | $985,000 | $145,000 | $2,640,000 |
| FHA-insured (Federal Housing Administration) | 195 | $59,915,000 | $307,000 | $655,000 | $95,000 | $235,000 |
| VA-guaranteed (Veterans Administration) | 19 | $7,705,000 | $405,000 | $565,000 | $113,000 | $200,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $255,000 | $255,000 | $255,000 | $54,000 | $54,000 |
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 | 432 | $138,620,000 | $320,000 | $955,000 | $127,000 | $584,000 |
| Application Withdrawn By Applicant | 328 | $108,040,000 | $329,000 | $985,000 | $149,000 | $2,640,000 |
| File Closed For Incompleteness | 116 | $35,220,000 | $303,000 | $795,000 | $127,000 | $989,000 |
| Application Denied By Financial Institution | 43 | $13,275,000 | $308,000 | $835,000 | $108,000 | $271,000 |
| Application Approved But Not Accepted | 2 | $540,000 | $270,000 | $305,000 | $108,000 | $129,000 |
| 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 | 878 | $282,420,000 | $321,000 | $985,000 | $135,000 | $2,640,000 |
| Collateral | 13 | $3,345,000 | $257,000 | $505,000 | $117,000 | $200,000 |
| Debt-To-Income Ratio | 13 | $5,365,000 | $412,000 | $835,000 | $119,000 | $271,000 |
| Credit History | 7 | $1,945,000 | $277,000 | $435,000 | $106,000 | $200,000 |
| Employment History | 4 | $1,170,000 | $292,000 | $365,000 | $87,000 | $100,000 |
| Other | 2 | $530,000 | $265,000 | $275,000 | $59,000 | $60,000 |
| Unverifiable Information | 2 | $530,000 | $265,000 | $295,000 | $96,000 | $110,000 |
| Credit Application Incomplete | 1 | $125,000 | $125,000 | $125,000 | $111,000 | $111,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $265,000 | $265,000 | $265,000 | $92,000 | $92,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Get A Rate LLC's 2018 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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