Graystone Funding Company, LLC Mortgage Lending & HMDA Data, 2020
In 2020, Graystone Funding Company, LLC of Salt Lake City, UT reported 1,785 mortgage applications totaling $466.2 million, up 26% from 2019. The average application was for $261,151, and applicants reported an average income of $95,412. 80% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Salt Lake City, UT (625), Ogden-Clearfield, UT (490) and Atlanta-Sandy Springs-Roswell, GA (155) (applications in parentheses).
| Mortgage Company & Address | Graystone Funding Company, LLC 1966 East 6200 South Salt Lake City, UT 84121 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2012 2011 |
| Total Number of Mortgage Applications | 1,785 |
| Total Mortgage Loan Application Amount | $466,155,000 |
| Average Mortgage Loan Application Amount | $261,151 |
| Highest Mortgage Loan Application Amount | $1,275,000 |
| Average Applicant Income | $95,412 |
| Highest Applicant Income | $1,461,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Graystone Funding Company, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Salt Lake, Utah | 559 | $ 157,585,000 | $ 281,905 | $ 103,000 |
| Weber, Utah | 231 | $ 53,905,000 | $ 233,354 | $ 78,000 |
| Davis, Utah | 229 | $ 60,735,000 | $ 265,218 | $ 92,000 |
| Utah, Utah | 126 | $ 33,710,000 | $ 267,539 | $ 111,000 |
| Washington, Utah | 91 | $ 20,975,000 | $ 230,494 | $ 99,000 |
| Tooele, Utah | 66 | $ 16,480,000 | $ 249,696 | $ 80,000 |
| King, Washington | 51 | $ 19,635,000 | $ 385,000 | $ 136,000 |
| Cobb, Georgia | 36 | $ 7,700,000 | $ 213,888 | $ 73,000 |
| Fulton, Georgia | 35 | $ 5,385,000 | $ 153,857 | $ 63,000 |
| Snohomish, Washington | 30 | $ 11,360,000 | $ 378,666 | $ 102,000 |
| Gwinnett, Georgia | 23 | $ 4,195,000 | $ 182,391 | $ 64,000 |
| DeKalb, Georgia | 21 | $ 3,465,000 | $ 165,000 | $ 65,000 |
| Box Elder, Utah | 17 | $ 3,675,000 | $ 216,176 | $ 69,000 |
| Uinta, Wyoming | 17 | $ 2,925,000 | $ 172,058 | $ 78,000 |
| Pierce, Washington | 14 | $ 4,380,000 | $ 312,857 | $ 101,000 |
| Morgan, Utah | 13 | $ 4,735,000 | $ 364,230 | $ 130,000 |
| Contra Costa, California | 10 | $ 4,940,000 | $ 494,000 | $ 121,000 |
| Clayton, Georgia | 9 | $ 975,000 | $ 108,333 | $ 38,000 |
| Iron, Utah | 9 | $ 2,445,000 | $ 271,666 | $ 95,000 |
| Henry, Georgia | 8 | $ 1,170,000 | $ 146,250 | $ 57,000 |
| Thurston, Washington | 8 | $ 2,570,000 | $ 321,250 | $ 101,000 |
| Cache, Utah | 7 | $ 1,445,000 | $ 206,428 | $ 102,000 |
| Uintah, Utah | 7 | $ 1,015,000 | $ 145,000 | $ 73,000 |
| Newton, Georgia | 6 | $ 940,000 | $ 156,666 | $ 80,000 |
| Tarrant, Texas | 6 | $ 1,090,000 | $ 181,666 | $ 79,000 |
| Douglas, Georgia | 5 | $ 635,000 | $ 127,000 | $ 53,000 |
| Bannock, Idaho | 5 | $ 565,000 | $ 113,000 | $ 69,000 |
| Sanpete, Utah | 5 | $ 1,105,000 | $ 221,000 | $ 89,000 |
| Millard, Utah | 4 | $ 330,000 | $ 82,500 | $ 39,000 |
| Benton, Washington | 4 | $ 890,000 | $ 222,500 | $ 66,000 |
| Kitsap, Washington | 4 | $ 1,300,000 | $ 325,000 | $ 83,000 |
| Sweetwater, Wyoming | 4 | $ 780,000 | $ 195,000 | $ 94,000 |
| Mesa, Colorado | 3 | $ 875,000 | $ 291,666 | $ 99,000 |
| Barrow, Georgia | 3 | $ 495,000 | $ 165,000 | $ 67,000 |
| Bonneville, Idaho | 3 | $ 475,000 | $ 158,333 | $ 46,000 |
| Kootenai, Idaho | 3 | $ 855,000 | $ 285,000 | $ 133,000 |
| Mason, Washington | 3 | $ 1,255,000 | $ 418,333 | $ 92,000 |
| Alameda, California | 2 | $ 910,000 | $ 455,000 | $ 92,000 |
| Imperial, California | 2 | $ 240,000 | $ 120,000 | $ 62,000 |
| Mendocino, California | 2 | $ 430,000 | $ 215,000 | $ 95,000 |
| San Joaquin, California | 2 | $ 240,000 | $ 120,000 | $ 52,000 |
| San Mateo, California | 2 | $ 660,000 | $ 330,000 | $ 309,000 |
| Sonoma, California | 2 | $ 830,000 | $ 415,000 | $ 104,000 |
| El Paso, Colorado | 2 | $ 650,000 | $ 325,000 | $ 85,000 |
| Cherokee, Georgia | 2 | $ 210,000 | $ 105,000 | $ 42,000 |
| Coweta, Georgia | 2 | $ 410,000 | $ 205,000 | $ 73,000 |
| Elbert, Georgia | 2 | $ 140,000 | $ 70,000 | $ 35,000 |
| Forsyth, Georgia | 2 | $ 640,000 | $ 320,000 | $ 0 |
| Jackson, Georgia | 2 | $ 210,000 | $ 105,000 | $ 74,000 |
| Madison, Georgia | 2 | $ 250,000 | $ 125,000 | $ 51,000 |
| Walton, Georgia | 2 | $ 620,000 | $ 310,000 | $ 104,000 |
| Lane, Oregon | 2 | $ 1,010,000 | $ 505,000 | $ 176,000 |
| Johnson, Texas | 2 | $ 190,000 | $ 95,000 | $ 69,000 |
| Duchesne, Utah | 2 | $ 350,000 | $ 175,000 | $ 100,000 |
| Kane, Utah | 2 | $ 470,000 | $ 235,000 | $ 104,000 |
| Wasatch, Utah | 2 | $ 360,000 | $ 180,000 | $ 211,000 |
| Clark, Washington | 2 | $ 700,000 | $ 350,000 | $ 35,000 |
| Kittitas, Washington | 2 | $ 840,000 | $ 420,000 | $ 256,000 |
| Klickitat, Washington | 2 | $ 360,000 | $ 180,000 | $ 56,000 |
| Lewis, Washington | 2 | $ 340,000 | $ 170,000 | $ 91,000 |
| Mobile, Alabama | 1 | $ 125,000 | $ 125,000 | $ 51,000 |
| Orange, California | 1 | $ 765,000 | $ 765,000 | $ 218,000 |
| Riverside, California | 1 | $ 365,000 | $ 365,000 | $ 55,000 |
| San Bernardino, California | 1 | $ 315,000 | $ 315,000 | $ 135,000 |
| San Diego, California | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Ventura, California | 1 | $ 375,000 | $ 375,000 | $ 304,000 |
| Arapahoe, Colorado | 1 | $ 315,000 | $ 315,000 | $ 85,000 |
| Douglas, Colorado | 1 | $ 205,000 | $ 205,000 | $ 158,000 |
| Larimer, Colorado | 1 | $ 195,000 | $ 195,000 | $ 260,000 |
| Bay, Florida | 1 | $ 125,000 | $ 125,000 | $ 150,000 |
| Lee, Florida | 1 | $ 285,000 | $ 285,000 | $ 638,000 |
| Sarasota, Florida | 1 | $ 305,000 | $ 305,000 | $ 186,000 |
| Columbia, Georgia | 1 | $ 245,000 | $ 245,000 | $ 48,000 |
| Jones, Georgia | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Oglethorpe, Georgia | 1 | $ 185,000 | $ 185,000 | $ 67,000 |
| Spalding, Georgia | 1 | $ 185,000 | $ 185,000 | $ 47,000 |
| Ada, Idaho | 1 | $ 235,000 | $ 235,000 | $ 97,000 |
| Bear Lake, Idaho | 1 | $ 195,000 | $ 195,000 | $ 302,000 |
| Canyon, Idaho | 1 | $ 175,000 | $ 175,000 | $ 66,000 |
| Jefferson, Idaho | 1 | $ 235,000 | $ 235,000 | $ 54,000 |
| Valley, Idaho | 1 | $ 205,000 | $ 205,000 | $ 84,000 |
| Deschutes, Oregon | 1 | $ 405,000 | $ 405,000 | $ 86,000 |
| Douglas, Oregon | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Jackson, Oregon | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Jefferson, Oregon | 1 | $ 245,000 | $ 245,000 | $ 100,000 |
| Hughes, South Dakota | 1 | $ 325,000 | $ 325,000 | $ 96,000 |
| Montgomery, Texas | 1 | $ 515,000 | $ 515,000 | $ 209,000 |
| Travis, Texas | 1 | $ 185,000 | $ 185,000 | $ 100,000 |
| Emery, Utah | 1 | $ 245,000 | $ 245,000 | $ 74,000 |
| Juab, Utah | 1 | $ 285,000 | $ 285,000 | $ 81,000 |
| Rich, Utah | 1 | $ 175,000 | $ 175,000 | $ 73,000 |
| Sevier, Utah | 1 | $ 135,000 | $ 135,000 | $ 57,000 |
| Summit, Utah | 1 | $ 285,000 | $ 285,000 | $ 53,000 |
| Spokane, Washington | 1 | $ 415,000 | $ 415,000 | $ 0 |
| Yakima, Washington | 1 | $ 305,000 | $ 305,000 | $ 125,000 |
| Carbon, Wyoming | 1 | $ 215,000 | $ 215,000 | $ 78,000 |
| Lincoln, Wyoming | 1 | $ 155,000 | $ 155,000 | $ 203,000 |
| Washakie, Wyoming | 1 | $ 115,000 | $ 115,000 | $ 38,000 |
Mortgage Loan Application Detail Totals for Graystone Funding Company, 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 976 | $238,140,000 | $243,000 | $1,275,000 | $89,000 | $1,461,000 |
| Refinancing | 803 | $225,995,000 | $281,000 | $915,000 | $102,000 | $1,082,000 |
| Cash-out Refinancing | 6 | $2,020,000 | $336,000 | $565,000 | $257,000 | $1,082,000 |
| 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 | 1,113 | $305,785,000 | $274,000 | $1,275,000 | $102,000 | $1,461,000 |
| Not Provided | 332 | $84,090,000 | $253,000 | $895,000 | $92,000 | $910,000 |
| Black or African American | 128 | $22,550,000 | $176,000 | $685,000 | $62,000 | $168,000 |
| Hispanic | 127 | $29,165,000 | $229,000 | $515,000 | $77,000 | $289,000 |
| Asian | 41 | $11,585,000 | $282,000 | $625,000 | $92,000 | $222,000 |
| Native Hawaiian or Other Pacific Islander | 37 | $11,165,000 | $301,000 | $605,000 | $85,000 | $190,000 |
| American Indian or Alaskan Native | 6 | $1,630,000 | $271,000 | $315,000 | $86,000 | $187,000 |
| 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) | 1,254 | $310,890,000 | $247,000 | $1,275,000 | $104,000 | $1,461,000 |
| FHA-insured (Federal Housing Administration) | 405 | $111,255,000 | $274,000 | $635,000 | $71,000 | $586,000 |
| VA-guaranteed (Veterans Administration) | 108 | $38,760,000 | $358,000 | $905,000 | $85,000 | $369,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 18 | $5,250,000 | $291,000 | $645,000 | $73,000 | $134,000 |
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 | 1,427 | $370,435,000 | $259,000 | $915,000 | $96,000 | $1,461,000 |
| Application Withdrawn By Applicant | 324 | $87,210,000 | $269,000 | $1,275,000 | $95,000 | $586,000 |
| Application Denied By Financial Institution | 30 | $6,830,000 | $227,000 | $445,000 | $67,000 | $172,000 |
| File Closed For Incompleteness | 3 | $1,325,000 | $441,000 | $485,000 | $103,000 | $135,000 |
| Application Approved But Not Accepted | 1 | $355,000 | $355,000 | $355,000 | $0 | $0 |
| 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 | 1,755 | $459,325,000 | $261,000 | $1,275,000 | $96,000 | $1,461,000 |
| Credit History | 12 | $2,920,000 | $243,000 | $405,000 | $83,000 | $172,000 |
| Debt-To-Income Ratio | 6 | $1,220,000 | $203,000 | $375,000 | $57,000 | $79,000 |
| Employment History | 6 | $1,380,000 | $230,000 | $355,000 | $63,000 | $78,000 |
| Collateral | 3 | $355,000 | $118,000 | $145,000 | $56,000 | $68,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $510,000 | $255,000 | $275,000 | $70,000 | $77,000 |
| Unverifiable Information | 1 | $445,000 | $445,000 | $445,000 | $45,000 | $45,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Graystone Funding Company, 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 Graystone Funding Company, 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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