Guaranteed Rate, Inc. Mortgage Lending & HMDA Data, 2008
In 2008, Guaranteed Rate, Inc. of Chicago, IL reported 13,019 mortgage applications totaling $3.5 billion, down 9% from 2007. The average application was for $266,706, and applicants reported an average income of $9,000. 80% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (7,455), Lake County-Kenosha County, IL-WI (853) and Minneapolis-St. Paul-Bloomington, MN-WI (442) (applications in parentheses).
| Mortgage Company & Address | Guaranteed Rate, Inc. 3940 North Ravenswood 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 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 13,019 |
| Total Mortgage Loan Application Amount | $3,472,246,000 |
| Average Mortgage Loan Application Amount | $266,706 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $9,000 |
| Highest Applicant Income | $5,160,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Guaranteed Rate, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville-Joliet, IL | 7,455 | $ 2,161,681,000 | $ 289,963 | $ 11,000 |
| Lake County-Kenosha County, IL-WI | 853 | $ 265,007,000 | $ 310,676 | $ 11,865 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 442 | $ 84,340,000 | $ 190,814 | $ 2,875 |
| Denver-Aurora, CO | 358 | $ 86,588,000 | $ 241,865 | $ 6,000 |
| Phoenix-Mesa-Scottsdale, AZ | 282 | $ 76,834,000 | $ 272,460 | $ 10,000 |
| Kansas City, MO-KS | 216 | $ 36,185,000 | $ 167,523 | $ 4,000 |
| Warren-Troy-Farmington Hills, MI | 97 | $ 19,124,000 | $ 197,154 | $ 5,000 |
| Charlotte-Gastonia-Concord, NC-SC | 95 | $ 18,271,000 | $ 192,326 | $ 4,831 |
| Atlanta-Sandy Springs-Marietta, GA | 79 | $ 18,822,000 | $ 238,253 | $ 10,000 |
| Milwaukee-Waukesha-West Allis, WI | 69 | $ 19,904,000 | $ 288,463 | $ 7,000 |
| Yuma, AZ | 68 | $ 12,224,000 | $ 179,764 | $ 2,000 |
| Riverside-San Bernardino-Ontario, CA | 63 | $ 18,812,000 | $ 298,603 | $ 5,000 |
| Hartford-West Hartford-East Hartford, CT | 62 | $ 13,751,000 | $ 221,790 | $ 4,000 |
| Kalamazoo-Portage, MI | 62 | $ 8,248,000 | $ 133,032 | $ 2,000 |
| Los Angeles-Long Beach-Glendale, CA | 62 | $ 24,140,000 | $ 389,354 | $ 11,000 |
| St. Louis, MO-IL | 59 | $ 10,629,000 | $ 180,152 | $ 3,525 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 58 | $ 18,705,000 | $ 322,500 | $ 13,189 |
| Detroit-Livonia-Dearborn, MI | 57 | $ 11,175,000 | $ 196,052 | $ 5,000 |
| Gary, IN | 56 | $ 10,875,000 | $ 194,196 | $ 6,000 |
| Madison, WI | 55 | $ 11,869,000 | $ 215,800 | $ 6,000 |
| Houston-Sugar Land-Baytown, TX | 54 | $ 11,627,000 | $ 215,314 | $ 7,000 |
| Baltimore-Towson, MD | 44 | $ 11,013,000 | $ 250,295 | $ 6,000 |
| Wilmington, DE-MD-NJ | 42 | $ 7,319,000 | $ 174,261 | $ 4,000 |
| Tampa-St. Petersburg-Clearwater, FL | 41 | $ 9,174,000 | $ 223,756 | $ 6,000 |
| Portland-Vancouver-Beaverton, OR-WA | 36 | $ 8,878,000 | $ 246,611 | $ 2,666 |
| San Diego-Carlsbad-San Marcos, CA | 36 | $ 11,866,000 | $ 329,611 | $ 8,000 |
| Dallas-Plano-Irving, TX | 35 | $ 6,901,000 | $ 197,171 | $ 6,000 |
| Las Vegas-Paradise, NV | 35 | $ 7,921,000 | $ 226,314 | $ 20,000 |
| Raleigh-Cary, NC | 35 | $ 7,488,000 | $ 213,942 | $ 3,000 |
| Grand Rapids-Wyoming, MI | 33 | $ 3,552,000 | $ 107,636 | $ 3,000 |
| Cleveland-Elyria-Mentor, OH | 32 | $ 6,520,000 | $ 203,750 | $ 8,000 |
| San Antonio, TX | 32 | $ 5,515,000 | $ 172,343 | $ 8,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 32 | $ 7,969,000 | $ 249,031 | $ 9,000 |
| Boston-Quincy, MA | 29 | $ 8,035,000 | $ 277,068 | $ 6,000 |
| Niles-Benton Harbor, MI | 28 | $ 8,500,000 | $ 303,571 | $ 25,000 |
| Boulder, CO | 27 | $ 7,034,000 | $ 260,518 | $ 7,000 |
| Cincinnati-Middletown, OH-KY-IN | 27 | $ 6,619,000 | $ 245,148 | $ 7,037 |
| Indianapolis-Carmel, IN | 27 | $ 5,207,000 | $ 192,851 | $ 6,000 |
| Santa Ana-Anaheim-Irvine, CA | 27 | $ 8,114,000 | $ 300,518 | $ 6,000 |
| Albuquerque, NM | 25 | $ 5,104,000 | $ 204,160 | $ 2,000 |
| Orlando-Kissimmee, FL | 25 | $ 5,528,000 | $ 221,120 | $ 26,000 |
| Columbus, OH | 23 | $ 4,930,000 | $ 214,347 | $ 7,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 23 | $ 5,715,000 | $ 248,478 | $ 3,521 |
| Bethesda-Frederick-Gaithersburg, MD | 22 | $ 7,236,000 | $ 328,909 | $ 5,000 |
| Duluth, MN-WI | 22 | $ 3,516,000 | $ 159,818 | $ 1,409 |
| Durham, NC | 22 | $ 4,307,000 | $ 195,772 | $ 6,000 |
| Seattle-Bellevue-Everett, WA | 22 | $ 5,854,000 | $ 266,090 | $ 6,000 |
| Wilmington, NC | 21 | $ 4,279,000 | $ 203,761 | $ 5,000 |
| Asheville, NC | 20 | $ 3,716,000 | $ 185,800 | $ 4,000 |
| New Haven-Milford, CT | 20 | $ 3,951,000 | $ 197,550 | $ 2,000 |
| Waterloo-Cedar Falls, IA | 20 | $ 1,974,000 | $ 98,700 | $ 5,000 |
| Greensboro-High Point, NC | 19 | $ 2,610,000 | $ 137,368 | $ 1,000 |
| Miami-Miami Beach-Kendall, FL | 19 | $ 5,166,000 | $ 271,894 | $ 40,000 |
| Cambridge-Newton-Framingham, MA | 18 | $ 5,017,000 | $ 278,722 | $ 7,000 |
| Green Bay, WI | 17 | $ 2,229,000 | $ 131,117 | $ 4,000 |
| Oakland-Fremont-Hayward, CA | 17 | $ 6,807,000 | $ 400,411 | $ 12,000 |
| Bridgeport-Stamford-Norwalk, CT | 16 | $ 5,725,000 | $ 357,812 | $ 13,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 16 | $ 3,672,000 | $ 229,500 | $ 20,000 |
| Battle Creek, MI | 15 | $ 1,649,000 | $ 109,933 | $ 2,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 15 | $ 3,327,000 | $ 221,800 | $ 3,000 |
| Louisville-Jefferson County, KY-IN | 15 | $ 3,006,000 | $ 200,400 | $ 7,133 |
| Memphis, TN-MS-AR | 15 | $ 2,826,000 | $ 188,400 | $ 4,000 |
| Naples-Marco Island, FL | 15 | $ 4,033,000 | $ 268,866 | $ 43,000 |
| Colorado Springs, CO | 14 | $ 3,841,000 | $ 274,357 | $ 6,000 |
| Fort Collins-Loveland, CO | 14 | $ 3,360,000 | $ 240,000 | $ 5,000 |
| Ann Arbor, MI | 13 | $ 2,667,000 | $ 205,153 | $ 7,000 |
| Appleton, WI | 13 | $ 2,072,000 | $ 159,384 | $ 3,000 |
| Greeley, CO | 13 | $ 3,001,000 | $ 230,846 | $ 4,000 |
| Jacksonville, FL | 13 | $ 3,059,000 | $ 235,307 | $ 6,000 |
| Charleston-North Charleston-Summerville, SC | 12 | $ 2,606,000 | $ 217,166 | $ 5,000 |
| Fort Worth-Arlington, TX | 12 | $ 2,077,000 | $ 173,083 | $ 5,000 |
| Beaumont-Port Arthur, TX | 11 | $ 1,599,000 | $ 145,363 | $ 4,000 |
| Bloomington-Normal, IL | 11 | $ 1,745,000 | $ 158,636 | $ 3,000 |
| Cedar Rapids, IA | 11 | $ 1,897,000 | $ 172,454 | $ 4,000 |
| Michigan City-La Porte, IN | 11 | $ 2,790,000 | $ 253,636 | $ 11,000 |
| Richmond, VA | 11 | $ 2,524,000 | $ 229,454 | $ 2,000 |
| Rockford, IL | 11 | $ 1,690,000 | $ 153,636 | $ 3,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 11 | $ 3,458,000 | $ 314,363 | $ 16,000 |
| Akron, OH | 10 | $ 1,872,000 | $ 187,200 | $ 7,000 |
| Austin-Round Rock, TX | 10 | $ 2,317,000 | $ 231,700 | $ 7,000 |
| Canton-Massillon, OH | 10 | $ 1,567,000 | $ 156,700 | $ 3,000 |
| Cape Coral-Fort Myers, FL | 10 | $ 2,980,000 | $ 298,000 | $ 20,000 |
| Hickory-Lenoir-Morganton, NC | 10 | $ 1,500,000 | $ 150,000 | $ 1,000 |
| Omaha-Council Bluffs, NE-IA | 10 | $ 1,999,000 | $ 199,900 | $ 1,800 |
| Racine, WI | 10 | $ 2,887,000 | $ 288,700 | $ 8,000 |
| Santa Fe, NM | 10 | $ 3,271,000 | $ 327,100 | $ 4,000 |
| Des Moines-West Des Moines, IA | 9 | $ 1,995,000 | $ 221,666 | $ 5,000 |
| South Bend-Mishawaka, IN-MI | 9 | $ 1,726,000 | $ 191,777 | $ 25,555 |
| Tucson, AZ | 9 | $ 2,719,000 | $ 302,111 | $ 11,000 |
| Lexington-Fayette, KY | 8 | $ 1,600,000 | $ 200,000 | $ 4,000 |
| Peabody, MA | 8 | $ 2,226,000 | $ 278,250 | $ 6,000 |
| Prescott, AZ | 8 | $ 1,999,000 | $ 249,875 | $ 4,000 |
| Winston-Salem, NC | 8 | $ 1,089,000 | $ 136,125 | $ 2,000 |
| Anchorage, AK | 7 | $ 1,626,000 | $ 232,285 | $ 1,000 |
| Oklahoma City, OK | 7 | $ 1,387,000 | $ 198,142 | $ 3,000 |
| Peoria, IL | 7 | $ 1,197,000 | $ 171,000 | $ 7,000 |
| Port St. Lucie, FL | 7 | $ 1,147,000 | $ 163,857 | $ 2,000 |
| Salem, OR | 7 | $ 1,820,000 | $ 260,000 | $ 6,000 |
| Savannah, GA | 7 | $ 1,357,000 | $ 193,857 | $ 4,000 |
| Tacoma, WA | 7 | $ 1,915,000 | $ 273,571 | $ 5,000 |
| Bradenton-Sarasota-Venice, FL | 6 | $ 2,378,000 | $ 396,333 | $ 14,000 |
| Columbia, SC | 6 | $ 1,098,000 | $ 183,000 | $ 2,000 |
| Davenport-Moline-Rock Island, IA-IL | 6 | $ 1,225,000 | $ 204,166 | $ 3,666 |
| Dover, DE | 6 | $ 1,617,000 | $ 269,500 | $ 1,000 |
| Grand Junction, CO | 6 | $ 1,225,000 | $ 204,166 | $ 2,000 |
| Holland-Grand Haven, MI | 6 | $ 972,000 | $ 162,000 | $ 9,000 |
| Honolulu, HI | 6 | $ 2,141,000 | $ 356,833 | $ 5,000 |
| Lansing-East Lansing, MI | 6 | $ 1,060,000 | $ 176,666 | $ 5,000 |
| Springfield, MA | 6 | $ 1,170,000 | $ 195,000 | $ 5,000 |
| Springfield, MO | 6 | $ 1,473,000 | $ 245,500 | $ 9,000 |
| Champaign-Urbana, IL | 5 | $ 451,000 | $ 90,200 | $ 2,000 |
| Eau Claire, WI | 5 | $ 958,000 | $ 191,600 | $ 4,000 |
| Flagstaff, AZ | 5 | $ 1,001,000 | $ 200,200 | $ 9,000 |
| Greenville-Mauldin-Easley, SC | 5 | $ 2,863,000 | $ 572,600 | $ 51,000 |
| Kankakee-Bradley, IL | 5 | $ 1,095,000 | $ 219,000 | $ 3,000 |
| Lakeland-Winter Haven, FL | 5 | $ 807,000 | $ 161,400 | $ 3,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 5 | $ 837,000 | $ 167,400 | $ 3,000 |
| Norwich-New London, CT | 5 | $ 1,155,000 | $ 231,000 | $ 3,000 |
| Pittsburgh, PA | 5 | $ 1,028,000 | $ 205,600 | $ 5,000 |
| Reno-Sparks, NV | 5 | $ 1,162,000 | $ 232,400 | $ 7,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 5 | $ 2,269,000 | $ 453,800 | $ 6,000 |
| Santa Cruz-Watsonville, CA | 5 | $ 2,307,000 | $ 461,400 | $ 8,000 |
| Wichita, KS | 5 | $ 914,000 | $ 182,800 | $ 3,000 |
| Worcester, MA | 5 | $ 1,047,000 | $ 209,400 | $ 5,000 |
| Barnstable Town, MA | 4 | $ 2,889,000 | $ 722,250 | $ 18,000 |
| Bend, OR | 4 | $ 1,010,000 | $ 252,500 | $ 5,000 |
| Chattanooga, TN-GA | 4 | $ 709,000 | $ 177,250 | $ 6,000 |
| Columbia, MO | 4 | $ 614,000 | $ 153,500 | $ 0 |
| Elkhart-Goshen, IN | 4 | $ 728,000 | $ 182,000 | $ 15,000 |
| Evansville, IN-KY | 4 | $ 1,347,000 | $ 336,750 | $ 8,250 |
| Fond Du Lac, WI | 4 | $ 470,000 | $ 117,500 | $ 1,000 |
| Knoxville, TN | 4 | $ 716,000 | $ 179,000 | $ 4,000 |
| Monroe, MI | 4 | $ 793,000 | $ 198,250 | $ 2,000 |
| Oshkosh-Neenah, WI | 4 | $ 813,000 | $ 203,250 | $ 4,000 |
| Provo-Orem, UT | 4 | $ 2,278,000 | $ 569,500 | $ 9,000 |
| San Francisco-San Mateo-Redwood City, CA | 4 | $ 1,531,000 | $ 382,750 | $ 11,000 |
| Stockton, CA | 4 | $ 888,000 | $ 222,000 | $ 4,000 |
| Toledo, OH | 4 | $ 647,000 | $ 161,750 | $ 0 |
| Tulsa, OK | 4 | $ 882,000 | $ 220,500 | $ 3,000 |
| Wausau, WI | 4 | $ 740,000 | $ 185,000 | $ 2,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 685,000 | $ 228,333 | $ 5,000 |
| Flint, MI | 3 | $ 616,000 | $ 205,333 | $ 6,000 |
| Fresno, CA | 3 | $ 690,000 | $ 230,000 | $ 3,000 |
| Jacksonville, NC | 3 | $ 675,000 | $ 225,000 | $ 3,000 |
| Lawrence, KS | 3 | $ 479,000 | $ 159,666 | $ 2,000 |
| Lawton, OK | 3 | $ 757,000 | $ 252,333 | $ 0 |
| Lynchburg, VA | 3 | $ 550,000 | $ 183,333 | $ 5,000 |
| Ocala, FL | 3 | $ 462,000 | $ 154,000 | $ 2,000 |
| Philadelphia, PA | 3 | $ 908,000 | $ 302,666 | $ 13,000 |
| Providence-New Bedford-Fall River, RI-MA | 3 | $ 937,000 | $ 312,333 | $ 8,000 |
| Rockingham County-Strafford County, NH | 3 | $ 657,000 | $ 219,000 | $ 3,000 |
| Sheboygan, WI | 3 | $ 550,000 | $ 183,333 | $ 5,000 |
| Tallahassee, FL | 3 | $ 520,000 | $ 173,333 | $ 0 |
| Vallejo-Fairfield, CA | 3 | $ 1,289,000 | $ 429,666 | $ 13,000 |
| Anderson, SC | 2 | $ 399,000 | $ 199,500 | $ 6,000 |
| Athens-Clarke County, GA | 2 | $ 314,000 | $ 157,000 | $ 3,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 376,000 | $ 188,000 | $ 3,500 |
| Billings, MT | 2 | $ 411,000 | $ 205,500 | $ 3,000 |
| Bloomington, IN | 2 | $ 555,000 | $ 277,500 | $ 16,000 |
| Boise City-Nampa, ID | 2 | $ 242,000 | $ 121,000 | $ 0 |
| Bremerton-Silverdale, WA | 2 | $ 768,000 | $ 384,000 | $ 4,000 |
| Charlottesville, VA | 2 | $ 758,000 | $ 379,000 | $ 14,000 |
| Chico, CA | 2 | $ 359,000 | $ 179,500 | $ 4,000 |
| Corpus Christi, TX | 2 | $ 475,000 | $ 237,500 | $ 4,000 |
| Farmington, NM | 2 | $ 650,000 | $ 325,000 | $ 21,000 |
| Fayetteville, NC | 2 | $ 332,000 | $ 166,000 | $ 0 |
| Florence, SC | 2 | $ 384,000 | $ 192,000 | $ 10,000 |
| Grand Forks, ND-MN | 2 | $ 267,000 | $ 133,500 | $ 0 |
| Great Falls, MT | 2 | $ 194,000 | $ 97,000 | $ 0 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 481,000 | $ 240,500 | $ 4,000 |
| Huntington-Ashland, WV-KY-OH | 2 | $ 355,000 | $ 177,500 | $ 8,000 |
| Iowa City, IA | 2 | $ 304,000 | $ 152,000 | $ 0 |
| Kingsport-Bristol-Bristol, TN-VA | 2 | $ 253,000 | $ 126,500 | $ 0 |
| Lake Havasu City-Kingman, AZ | 2 | $ 422,000 | $ 211,000 | $ 4,000 |
| Lincoln, NE | 2 | $ 326,000 | $ 163,000 | $ 0 |
| Logan, UT-ID | 2 | $ 301,000 | $ 150,500 | $ 7,000 |
| McAllen-Edinburg-Mission, TX | 2 | $ 140,000 | $ 70,000 | $ 0 |
| Napa, CA | 2 | $ 786,000 | $ 393,000 | $ 5,000 |
| Ogden-Clearfield, UT | 2 | $ 561,000 | $ 280,500 | $ 4,000 |
| Olympia, WA | 2 | $ 505,000 | $ 252,500 | $ 0 |
| Owensboro, KY | 2 | $ 365,000 | $ 182,500 | $ 4,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 414,000 | $ 207,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 410,000 | $ 205,000 | $ 0 |
| Pueblo, CO | 2 | $ 528,000 | $ 264,000 | $ 4,000 |
| Rochester, MN | 2 | $ 389,000 | $ 194,500 | $ 5,000 |
| Salinas, CA | 2 | $ 861,000 | $ 430,500 | $ 14,000 |
| Salt Lake City, UT | 2 | $ 407,000 | $ 203,500 | $ 0 |
| Santa Barbara-Santa Maria-Goleta, CA | 2 | $ 703,000 | $ 351,500 | $ 10,000 |
| Santa Rosa-Petaluma, CA | 2 | $ 619,000 | $ 309,500 | $ 11,000 |
| Sebastian-Vero Beach, FL | 2 | $ 279,000 | $ 139,500 | $ 0 |
| Sioux City, IA-NE-SD | 2 | $ 266,000 | $ 133,000 | $ 0 |
| Springfield, IL | 2 | $ 210,000 | $ 105,000 | $ 10,000 |
| St. Cloud, MN | 2 | $ 313,000 | $ 156,500 | $ 0 |
| Visalia-Porterville, CA | 2 | $ 617,000 | $ 308,500 | $ 11,000 |
| Youngstown-Warren-Boardman, OH-PA | 2 | $ 362,000 | $ 181,000 | $ 5,000 |
| Abilene, TX | 1 | $ 103,000 | $ 103,000 | $ 9,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 266,000 | $ 266,000 | $ 0 |
| Amarillo, TX | 1 | $ 417,000 | $ 417,000 | $ 25,000 |
| Ames, IA | 1 | $ 245,000 | $ 245,000 | $ 10,000 |
| Auburn-Opelika, AL | 1 | $ 1,032,000 | $ 1,032,000 | $ 156,000 |
| Baton Rouge, LA | 1 | $ 238,000 | $ 238,000 | $ 25,000 |
| Bismarck, ND | 1 | $ 122,000 | $ 122,000 | $ 0 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 106,000 | $ 106,000 | $ 0 |
| Brownsville-Harlingen, TX | 1 | $ 90,000 | $ 90,000 | $ 0 |
| Brunswick, GA | 1 | $ 149,000 | $ 149,000 | $ 0 |
| Burlington, NC | 1 | $ 98,000 | $ 98,000 | $ 0 |
| Clarksville, TN-KY | 1 | $ 131,000 | $ 131,000 | $ 0 |
| Coeur D'Alene, ID | 1 | $ 566,000 | $ 566,000 | $ 22,000 |
| Corvallis, OR | 1 | $ 176,000 | $ 176,000 | $ 0 |
| Danville, VA | 1 | $ 270,000 | $ 270,000 | $ 0 |
| Dayton, OH | 1 | $ 300,000 | $ 300,000 | $ 15,000 |
| Decatur, IL | 1 | $ 124,000 | $ 124,000 | $ 8,000 |
| El Paso, TX | 1 | $ 42,000 | $ 42,000 | $ 0 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 288,000 | $ 288,000 | $ 9,000 |
| Fort Wayne, IN | 1 | $ 95,000 | $ 95,000 | $ 25,000 |
| Gainesville, FL | 1 | $ 173,000 | $ 173,000 | $ 0 |
| Gainesville, GA | 1 | $ 139,000 | $ 139,000 | $ 0 |
| Ithaca, NY | 1 | $ 233,000 | $ 233,000 | $ 9,000 |
| Jackson, MI | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Joplin, MO | 1 | $ 48,000 | $ 48,000 | $ 9,000 |
| Kennewick-Pasco-Richland, WA | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Kokomo, IN | 1 | $ 127,000 | $ 127,000 | $ 0 |
| La Crosse, WI-MN | 1 | $ 197,000 | $ 197,000 | $ 0 |
| Las Cruces, NM | 1 | $ 288,000 | $ 288,000 | $ 8,000 |
| Longview, TX | 1 | $ 226,000 | $ 226,000 | $ 0 |
| Macon, GA | 1 | $ 77,000 | $ 77,000 | $ 0 |
| Manchester-Nashua, NH | 1 | $ 298,000 | $ 298,000 | $ 9,000 |
| Medford, OR | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Missoula, MT | 1 | $ 187,000 | $ 187,000 | $ 0 |
| Modesto, CA | 1 | $ 118,000 | $ 118,000 | $ 0 |
| Morristown, TN | 1 | $ 94,000 | $ 94,000 | $ 0 |
| Muskegon-Norton Shores, MI | 1 | $ 29,000 | $ 29,000 | $ 0 |
| New York-White Plains-Wayne, NY-NJ | 1 | $ 650,000 | $ 650,000 | $ 22,000 |
| Newark-Union, NJ-PA | 1 | $ 166,000 | $ 166,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 229,000 | $ 229,000 | $ 0 |
| Panama City-Lynn Haven, FL | 1 | $ 321,000 | $ 321,000 | $ 0 |
| Poughkeepsie-Newburgh-Middletown, NY | 1 | $ 173,000 | $ 173,000 | $ 0 |
| Punta Gorda, FL | 1 | $ 513,000 | $ 513,000 | $ 25,000 |
| Redding, CA | 1 | $ 307,000 | $ 307,000 | $ 0 |
| Roanoke, VA | 1 | $ 119,000 | $ 119,000 | $ 0 |
| Rochester, NY | 1 | $ 146,000 | $ 146,000 | $ 0 |
| Rocky Mount, NC | 1 | $ 129,000 | $ 129,000 | $ 0 |
| Spartanburg, SC | 1 | $ 176,000 | $ 176,000 | $ 0 |
| St. George, UT | 1 | $ 295,000 | $ 295,000 | $ 9,000 |
| Sumter, SC | 1 | $ 212,000 | $ 212,000 | $ 8,000 |
| Texarkana, Tx-Texarkana, AR | 1 | $ 126,000 | $ 126,000 | $ 0 |
| Topeka, KS | 1 | $ 188,000 | $ 188,000 | $ 10,000 |
| Tyler, TX | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Warner Robins, GA | 1 | $ 173,000 | $ 173,000 | $ 0 |
| Wenatchee, WA | 1 | $ 210,000 | $ 210,000 | $ 0 |
Mortgage Loan Application Detail Totals for Guaranteed Rate, Inc. in 2008
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 | 7,268 | $2,023,466,000 | $278,000 | $3,000,000 | $9,000 | $434,000 |
| Home Purchase | 5,751 | $1,448,780,000 | $251,000 | $2,302,000 | $9,000 | $5,160,000 |
| 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 | 9,588 | $2,642,079,000 | $275,000 | $3,000,000 | $9,000 | $434,000 |
| Not Provided | 1,848 | $450,015,000 | $243,000 | $1,400,000 | $8,000 | $329,000 |
| Hispanic | 565 | $125,788,000 | $222,000 | $1,100,000 | $4,000 | $102,000 |
| Asian | 522 | $143,820,000 | $275,000 | $1,800,000 | $19,000 | $5,160,000 |
| Black or African American | 454 | $100,613,000 | $221,000 | $1,032,000 | $10,000 | $469,000 |
| American Indian or Alaskan Native | 25 | $5,606,000 | $224,000 | $1,200,000 | $5,000 | $100,000 |
| Native Hawaiian or Other Pacific Islander | 17 | $4,325,000 | $254,000 | $417,000 | $4,000 | $18,000 |
| 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) | 11,171 | $3,116,084,000 | $278,000 | $3,000,000 | $10,000 | $5,160,000 |
| FHA-insured (Federal Housing Administration) | 1,757 | $338,456,000 | $192,000 | $673,000 | $3,000 | $303,000 |
| VA-guaranteed (Veterans Administration) | 91 | $17,706,000 | $194,000 | $410,000 | $2,000 | $13,000 |
| 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 | 10,455 | $2,809,861,000 | $268,000 | $3,000,000 | $10,000 | $5,160,000 |
| Application Approved But Not Accepted | 1,451 | $379,494,000 | $261,000 | $1,847,000 | $7,000 | $156,000 |
| File Closed For Incompleteness | 547 | $136,641,000 | $249,000 | $2,000,000 | $7,000 | $216,000 |
| Application Denied By Financial Institution | 409 | $100,927,000 | $246,000 | $1,100,000 | $6,000 | $95,000 |
| Application Withdrawn By Applicant | 157 | $45,323,000 | $288,000 | $1,989,000 | $10,000 | $131,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 156 | $40,605,000 | $260,000 | $730,000 | $7,000 | $58,000 |
| Collateral | 71 | $17,194,000 | $242,000 | $781,000 | $7,000 | $43,000 |
| Debt-To-Income Ratio | 68 | $16,862,000 | $247,000 | $820,000 | $3,000 | $22,000 |
| Unverifiable Information | 51 | $11,314,000 | $221,000 | $1,100,000 | $8,000 | $95,000 |
| Credit History | 29 | $5,145,000 | $177,000 | $426,000 | $2,000 | $15,000 |
| Mortgage Insurance Denied | 12 | $3,496,000 | $291,000 | $513,000 | $7,000 | $25,000 |
| Employment History | 10 | $3,122,000 | $312,000 | $721,000 | $8,000 | $36,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $1,691,000 | $241,000 | $703,000 | $6,000 | $22,000 |
| Credit Application Incomplete | 5 | $1,498,000 | $299,000 | $375,000 | $5,000 | $12,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Guaranteed Rate, Inc.'s 2008 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, Inc.'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 Illinois, download the full spreadsheet
with aggregated HMDA statistics today.
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