Planet Home Lending, LLC Mortgage Lending & HMDA Data, 2013

In 2013, Planet Home Lending, LLC of Meriden, CT reported 84 mortgage applications totaling $10.7 million. The average application was for $127,071, and applicants reported an average income of $0. 19% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (13), Nashville-Davidson--Murfreesboro--Franklin, TN (6) and Savannah, GA (6) (applications in parentheses).

Mortgage Company & Address Planet Home Lending, LLC
321 Research Parkway Suite 303
Meriden, CT 06450
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  
Total Number of Mortgage Applications 84
Total Mortgage Loan Application Amount $10,674,000
Average Mortgage Loan Application Amount $127,071
Highest Mortgage Loan Application Amount $304,000
Average Applicant Income $0
Highest Applicant Income $55,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Planet Home Lending, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Planet Home Lending, LLC in 2013

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 84 $10,674,000 $127,000 $304,000 $0 $55,000
Home Improvement 0 $0 $0 $0 $0 $0
Home Purchase 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 53 $6,754,000 $127,000 $301,000 $0 $0
Black or African American 21 $2,339,000 $111,000 $186,000 $2,000 $55,000
Hispanic 5 $794,000 $158,000 $195,000 $0 $0
Not Provided 4 $703,000 $175,000 $304,000 $0 $0
American Indian or Alaskan Native 1 $84,000 $84,000 $84,000 $0 $0
Asian 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
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
VA-guaranteed (Veterans Administration) 84 $10,674,000 $127,000 $304,000 $0 $55,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 0 $0 $0 $0 $0 $0
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
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
Application Withdrawn By Applicant 61 $7,782,000 $127,000 $304,000 $0 $55,000
Loan Originated 16 $1,757,000 $109,000 $198,000 $0 $0
Application Denied By Financial Institution 6 $1,052,000 $175,000 $301,000 $0 $0
Application Approved But Not Accepted 1 $83,000 $83,000 $83,000 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $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
Credit History 4 $751,000 $187,000 $301,000 $0 $0
Unverifiable Information 2 $301,000 $150,000 $171,000 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Planet Home Lending, LLC's 2013 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 Planet Home Lending, 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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