Get A Rate LLC Mortgage Lending & HMDA Data, 2016
In 2016, Get A Rate LLC of Elmwood Park, NJ reported 538 mortgage applications totaling $170.1 million, up 57% from 2015. The average application was for $316,182, and applicants reported an average income of $117,035. 62% of its applications resulted in an originated loan and 10% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (416), Newark, NJ-PA (111) and Allentown-Bethlehem-Easton, PA-NJ (4) (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 | 538 |
| Total Mortgage Loan Application Amount | $170,106,000 |
| Average Mortgage Loan Application Amount | $316,182 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $117,035 |
| Highest Applicant Income | $769,000 |
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Act (HMDA) records Get A Rate LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 197 | $ 68,759,000 | $ 349,030 | $ 119,000 |
| Passaic, New Jersey | 123 | $ 32,715,000 | $ 265,975 | $ 101,000 |
| Hudson, New Jersey | 55 | $ 18,606,000 | $ 338,290 | $ 143,000 |
| Morris, New Jersey | 48 | $ 16,185,000 | $ 337,187 | $ 125,000 |
| Essex, New Jersey | 27 | $ 8,199,000 | $ 303,666 | $ 113,000 |
| Union, New Jersey | 18 | $ 5,460,000 | $ 303,333 | $ 99,000 |
| Middlesex, New Jersey | 16 | $ 4,571,000 | $ 285,687 | $ 101,000 |
| Ocean, New Jersey | 11 | $ 3,281,000 | $ 298,272 | $ 139,000 |
| Monmouth, New Jersey | 10 | $ 3,501,000 | $ 350,100 | $ 195,000 |
| Sussex, New Jersey | 9 | $ 2,607,000 | $ 289,666 | $ 118,000 |
| Somerset, New Jersey | 8 | $ 2,457,000 | $ 307,125 | $ 118,000 |
| Warren, New Jersey | 4 | $ 935,000 | $ 233,750 | $ 98,000 |
| Mercer, New Jersey | 3 | $ 423,000 | $ 141,000 | $ 50,000 |
| Burlington, New Jersey | 2 | $ 358,000 | $ 179,000 | $ 66,000 |
| Atlantic, New Jersey | 1 | $ 182,000 | $ 182,000 | $ 56,000 |
| Gloucester, New Jersey | 1 | $ 351,000 | $ 351,000 | $ 147,000 |
| Hunterdon, New Jersey | 1 | $ 346,000 | $ 346,000 | $ 126,000 |
| Bronx, New York | 1 | $ 153,000 | $ 153,000 | $ 46,000 |
| Queens, New York | 1 | $ 356,000 | $ 356,000 | $ 76,000 |
| Richmond, New York | 1 | $ 368,000 | $ 368,000 | $ 95,000 |
| Rockland, New York | 1 | $ 293,000 | $ 293,000 | $ 131,000 |
Mortgage Loan Application Detail Totals for Get A Rate LLC 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 319 | $103,169,000 | $323,000 | $863,000 | $115,000 | $769,000 |
| Refinancing | 219 | $66,937,000 | $305,000 | $1,000,000 | $120,000 | $522,000 |
| 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 | 273 | $87,990,000 | $322,000 | $626,000 | $128,000 | $769,000 |
| Not Provided | 111 | $33,286,000 | $299,000 | $1,000,000 | $106,000 | $480,000 |
| Hispanic | 90 | $28,019,000 | $311,000 | $632,000 | $95,000 | $300,000 |
| Asian | 48 | $15,619,000 | $325,000 | $625,000 | $130,000 | $522,000 |
| Black or African American | 16 | $5,192,000 | $324,000 | $696,000 | $93,000 | $256,000 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 374 | $117,702,000 | $314,000 | $1,000,000 | $129,000 | $769,000 |
| FHA-insured (Federal Housing Administration) | 148 | $46,529,000 | $314,000 | $625,000 | $90,000 | $301,000 |
| VA-guaranteed (Veterans Administration) | 16 | $5,875,000 | $367,000 | $696,000 | $81,000 | $256,000 |
| 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 | 334 | $110,168,000 | $329,000 | $824,000 | $120,000 | $436,000 |
| Application Withdrawn By Applicant | 129 | $38,521,000 | $298,000 | $1,000,000 | $118,000 | $769,000 |
| Application Denied By Financial Institution | 54 | $15,045,000 | $278,000 | $625,000 | $96,000 | $264,000 |
| File Closed For Incompleteness | 18 | $5,502,000 | $305,000 | $471,000 | $106,000 | $285,000 |
| Application Approved But Not Accepted | 3 | $870,000 | $290,000 | $362,000 | $140,000 | $238,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 19 | $4,976,000 | $261,000 | $625,000 | $81,000 | $243,000 |
| Credit History | 11 | $3,038,000 | $276,000 | $509,000 | $95,000 | $195,000 |
| Collateral | 6 | $1,949,000 | $324,000 | $567,000 | $145,000 | $212,000 |
| Unverifiable Information | 6 | $1,797,000 | $299,000 | $600,000 | $112,000 | $264,000 |
| Credit Application Incomplete | 2 | $784,000 | $392,000 | $464,000 | $119,000 | $133,000 |
| Other | 1 | $400,000 | $400,000 | $400,000 | $99,000 | $99,000 |
| Employment History | 1 | $153,000 | $153,000 | $153,000 | $46,000 | $46,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $305,000 | $305,000 | $305,000 | $59,000 | $59,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Get A Rate LLC's 2016 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.
For a list of all lenders in New Jersey, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About