Guaranteed Rate Affinity, LLC Mortgage Lending & HMDA Data, 2018
In 2018, Guaranteed Rate Affinity, LLC of Chicago, IL reported 21,364 mortgage applications totaling $6.4 billion, up 653% from 2017. The average application was for $301,902, and applicants reported an average income of $124,498. 70% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (1,603), Chicago-Naperville-Arlington Heights, IL (840) and Newark, NJ-PA (772) (applications in parentheses).
| Mortgage Company & Address | Guaranteed Rate Affinity, LLC 1800 West Larchmont Ave Chicago, IL 60613 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 21,364 |
| Total Mortgage Loan Application Amount | $6,449,850,000 |
| Average Mortgage Loan Application Amount | $301,902 |
| Highest Mortgage Loan Application Amount | $3,005,000 |
| Average Applicant Income | $124,498 |
| Highest Applicant Income | $5,556,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Guaranteed Rate Affinity, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Guaranteed Rate Affinity, 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 | 19,130 | $5,687,720,000 | $297,000 | $3,005,000 | $123,000 | $3,108,000 |
| Cash-out Refinancing | 1,358 | $436,590,000 | $321,000 | $2,005,000 | $124,000 | $1,162,000 |
| Refinancing | 876 | $325,540,000 | $371,000 | $1,855,000 | $158,000 | $5,556,000 |
| 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 | 13,073 | $3,822,145,000 | $292,000 | $2,615,000 | $122,000 | $2,217,000 |
| Not Provided | 4,442 | $1,474,210,000 | $331,000 | $3,005,000 | $140,000 | $5,556,000 |
| Hispanic | 1,494 | $404,670,000 | $270,000 | $2,105,000 | $104,000 | $897,000 |
| Black or African American | 1,027 | $253,005,000 | $246,000 | $1,205,000 | $94,000 | $620,000 |
| Asian | 925 | $347,135,000 | $375,000 | $2,345,000 | $142,000 | $942,000 |
| American Indian or Alaskan Native | 104 | $29,030,000 | $279,000 | $1,065,000 | $137,000 | $1,500,000 |
| Native Hawaiian or Other Pacific Islander | 30 | $10,210,000 | $340,000 | $735,000 | $127,000 | $476,000 |
| 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) | 16,834 | $5,269,830,000 | $313,000 | $3,005,000 | $134,000 | $5,556,000 |
| FHA-insured (Federal Housing Administration) | 2,599 | $587,915,000 | $226,000 | $845,000 | $81,000 | $679,000 |
| VA-guaranteed (Veterans Administration) | 1,816 | $572,430,000 | $315,000 | $1,505,000 | $103,000 | $518,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 115 | $19,675,000 | $171,000 | $365,000 | $57,000 | $98,000 |
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 | 14,955 | $4,377,725,000 | $292,000 | $2,865,000 | $120,000 | $2,503,000 |
| Application Withdrawn By Applicant | 4,979 | $1,612,905,000 | $323,000 | $2,615,000 | $137,000 | $5,556,000 |
| Application Denied By Financial Institution | 942 | $274,620,000 | $291,000 | $2,345,000 | $105,000 | $1,200,000 |
| File Closed For Incompleteness | 353 | $136,635,000 | $387,000 | $3,005,000 | $157,000 | $3,108,000 |
| Application Approved But Not Accepted | 107 | $35,235,000 | $329,000 | $2,065,000 | $135,000 | $727,000 |
| Preapproval Denied by Financial Institution | 16 | $6,650,000 | $415,000 | $925,000 | $104,000 | $296,000 |
| Preapproval Approved but not Accepted | 12 | $6,080,000 | $506,000 | $805,000 | $303,000 | $2,217,000 |
| 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 | 20,406 | $6,168,580,000 | $302,000 | $3,005,000 | $125,000 | $5,556,000 |
| Debt-To-Income Ratio | 312 | $107,200,000 | $343,000 | $1,875,000 | $87,000 | $714,000 |
| Credit History | 240 | $63,460,000 | $264,000 | $2,345,000 | $111,000 | $801,000 |
| Collateral | 168 | $39,780,000 | $236,000 | $1,185,000 | $110,000 | $555,000 |
| Other | 62 | $12,840,000 | $207,000 | $925,000 | $141,000 | $1,200,000 |
| Unverifiable Information | 47 | $11,925,000 | $253,000 | $625,000 | $98,000 | $374,000 |
| Credit Application Incomplete | 46 | $20,640,000 | $448,000 | $1,945,000 | $149,000 | $750,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 45 | $13,535,000 | $300,000 | $1,065,000 | $104,000 | $313,000 |
| Employment History | 38 | $11,890,000 | $312,000 | $1,065,000 | $98,000 | $326,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Guaranteed Rate Affinity, 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 Guaranteed Rate Affinity, 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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