Guidance Residential, LLC Mortgage Lending & HMDA Data, 2004

In 2004, Guidance Residential, LLC of Reston, VA reported 1,933 mortgage applications totaling $391.5 million, up 31% from 2003. The average application was for $202,515, and applicants reported an average income of $76,746. 47% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (332), Edison, NJ (123) and New York-Wayne-White Plains, NY-NJ (98) (applications in parentheses).

Mortgage Company & Address Guidance Residential, LLC
11107 Sunset Hills Road, Stes 100 & 200
Reston, VA 20190
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 1,933
Total Mortgage Loan Application Amount $391,463,000
Average Mortgage Loan Application Amount $202,515
Highest Mortgage Loan Application Amount $580,000
Average Applicant Income $76,746
Highest Applicant Income $677,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Guidance Residential, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Guidance Residential, LLC by County in 2004

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cook, Illinois 157 $ 31,487,000 $ 200,554 $ 69,000
DuPage, Illinois 126 $ 24,078,000 $ 191,095 $ 80,000
Middlesex, New Jersey 88 $ 21,251,000 $ 241,488 $ 98,000
Wayne, Michigan 85 $ 12,395,000 $ 145,823 $ 63,000
Fairfax, Virginia 64 $ 15,040,000 $ 235,000 $ 72,000
Queens, New York 56 $ 14,563,000 $ 260,053 $ 79,000
Broward, Florida 54 $ 9,424,000 $ 174,518 $ 57,000
Orange, Florida 51 $ 9,458,000 $ 185,450 $ 64,000
Montgomery, Maryland 38 $ 8,374,000 $ 220,368 $ 77,000
Cuyahoga, Ohio 38 $ 4,011,000 $ 105,552 $ 45,000
Will, Illinois 37 $ 7,794,000 $ 210,648 $ 89,000
Baltimore, Maryland 35 $ 5,084,000 $ 145,257 $ 64,000
Prince George's, Maryland 34 $ 7,774,000 $ 228,647 $ 74,000
Philadelphia, Pennsylvania 33 $ 2,969,000 $ 89,969 $ 43,000
Los Angeles, California 29 $ 6,308,000 $ 217,517 $ 72,000
Oakland, Michigan 27 $ 6,888,000 $ 255,111 $ 111,000
Suffolk, New York 26 $ 6,308,000 $ 242,615 $ 69,000
Loudoun, Virginia 25 $ 6,939,000 $ 277,560 $ 80,000
Hillsborough, Florida 23 $ 3,527,000 $ 153,347 $ 86,000
Hennepin, Minnesota 23 $ 3,981,000 $ 173,086 $ 57,000
Essex, New Jersey 21 $ 3,984,000 $ 189,714 $ 72,000
Santa Clara, California 20 $ 5,745,000 $ 287,250 $ 130,000
Anoka, Minnesota 20 $ 3,827,000 $ 191,350 $ 71,000
Franklin, Ohio 20 $ 3,320,000 $ 166,000 $ 66,000
Somerset, New Jersey 19 $ 4,716,000 $ 248,210 $ 73,000
Kings, New York 19 $ 4,641,000 $ 244,263 $ 67,000
Delaware, Pennsylvania 19 $ 1,888,000 $ 99,368 $ 42,000
Bergen, New Jersey 18 $ 4,647,000 $ 258,166 $ 94,000
Orange, California 17 $ 4,670,000 $ 274,705 $ 77,000
Washtenaw, Michigan 17 $ 3,512,000 $ 206,588 $ 82,000
Alameda, California 16 $ 3,566,000 $ 222,875 $ 75,000
Hudson, New Jersey 16 $ 3,354,000 $ 209,625 $ 84,000
Monmouth, New Jersey 16 $ 3,654,000 $ 228,375 $ 108,000
Passaic, New Jersey 16 $ 4,623,000 $ 288,937 $ 82,000
Nassau, New York 16 $ 4,230,000 $ 264,375 $ 109,000
Howard, Maryland 15 $ 3,795,000 $ 253,000 $ 80,000
Miami-Dade, Florida 14 $ 2,521,000 $ 180,071 $ 48,000
Sacramento, California 13 $ 3,353,000 $ 257,923 $ 67,000
San Bernardino, California 13 $ 2,683,000 $ 206,384 $ 103,000
Montgomery, Pennsylvania 13 $ 2,751,000 $ 211,615 $ 65,000
Prince William, Virginia 13 $ 3,046,000 $ 234,307 $ 85,000
Riverside, California 12 $ 2,941,000 $ 245,083 $ 83,000
Osceola, Florida 12 $ 1,567,000 $ 130,583 $ 77,000
Baltimore City, Maryland 12 $ 1,150,000 $ 95,833 $ 55,000
Genesee, Michigan 12 $ 1,744,000 $ 145,333 $ 76,000
San Diego, California 10 $ 2,773,000 $ 277,300 $ 85,000
Duval, Florida 10 $ 1,669,000 $ 166,900 $ 69,000
Seminole, Florida 10 $ 1,626,000 $ 162,600 $ 36,000
Mercer, New Jersey 10 $ 1,960,000 $ 196,000 $ 76,000
Champaign, Illinois 9 $ 1,208,000 $ 134,222 $ 60,000
Dakota, Minnesota 9 $ 1,943,000 $ 215,888 $ 70,000
Westchester, New York 9 $ 2,897,000 $ 321,888 $ 133,000
Palm Beach, Florida 8 $ 1,833,000 $ 229,125 $ 66,000
Lake, Illinois 8 $ 1,541,000 $ 192,625 $ 87,000
Burlington, New Jersey 8 $ 1,314,000 $ 164,250 $ 67,000
Richmond, New York 8 $ 2,150,000 $ 268,750 $ 103,000
Bucks, Pennsylvania 8 $ 1,787,000 $ 223,375 $ 176,000
Contra Costa, California 7 $ 2,259,000 $ 322,714 $ 122,000
Anne Arundel, Maryland 7 $ 1,708,000 $ 244,000 $ 76,000
Camden, New Jersey 7 $ 958,000 $ 136,857 $ 62,000
Orange, New York 7 $ 1,861,000 $ 265,857 $ 145,000
Summit, Ohio 7 $ 778,000 $ 111,142 $ 42,000
Allegheny, Pennsylvania 7 $ 1,195,000 $ 170,714 $ 58,000
Kane, Illinois 6 $ 916,000 $ 152,666 $ 52,000
Ingham, Michigan 6 $ 1,015,000 $ 169,166 $ 78,000
Atlantic, New Jersey 6 $ 1,086,000 $ 181,000 $ 48,000
Butler, Ohio 6 $ 1,179,000 $ 196,500 $ 105,000
Chesterfield, Virginia 6 $ 708,000 $ 118,000 $ 104,000
San Joaquin, California 5 $ 1,305,000 $ 261,000 $ 67,000
Winnebago, Illinois 5 $ 705,000 $ 141,000 $ 72,000
Charles, Maryland 5 $ 1,112,000 $ 222,400 $ 132,000
Morris, New Jersey 5 $ 883,000 $ 176,600 $ 86,000
Arlington, Virginia 5 $ 1,100,000 $ 220,000 $ 122,000
Harrisonburg, Virginia 5 $ 828,000 $ 165,600 $ 63,000
Leon, Florida 4 $ 390,000 $ 97,500 $ 76,000
Pinellas, Florida 4 $ 362,000 $ 90,500 $ 44,000
Peoria, Illinois 4 $ 621,000 $ 155,250 $ 65,000
Union, New Jersey 4 $ 888,000 $ 222,000 $ 87,000
Berks, Pennsylvania 4 $ 558,000 $ 139,500 $ 108,000
Alexandria, Virginia 4 $ 533,000 $ 133,250 $ 52,000
Bay, Florida 3 $ 714,000 $ 238,000 $ 132,000
Clay, Florida 3 $ 704,000 $ 234,666 $ 109,000
Lake, Florida 3 $ 558,000 $ 186,000 $ 94,000
Pasco, Florida 3 $ 416,000 $ 138,666 $ 74,000
McHenry, Illinois 3 $ 566,000 $ 188,666 $ 73,000
St. Clair, Illinois 3 $ 612,000 $ 204,000 $ 110,000
Frederick, Maryland 3 $ 612,000 $ 204,000 $ 97,000
Harford, Maryland 3 $ 886,000 $ 295,333 $ 89,000
Olmsted, Minnesota 3 $ 435,000 $ 145,000 $ 49,000
Ramsey, Minnesota 3 $ 690,000 $ 230,000 $ 83,000
Scott, Minnesota 3 $ 738,000 $ 246,000 $ 75,000
Albany, New York 3 $ 514,000 $ 171,333 $ 64,000
Bronx, New York 3 $ 411,000 $ 137,000 $ 45,000
Lucas, Ohio 3 $ 632,000 $ 210,666 $ 132,000
Lehigh, Pennsylvania 3 $ 528,000 $ 176,000 $ 56,000
Northampton, Pennsylvania 3 $ 550,000 $ 183,333 $ 81,000
York, Pennsylvania 3 $ 556,000 $ 185,333 $ 71,000
Henrico, Virginia 3 $ 491,000 $ 163,666 $ 72,000
Fresno, California 2 $ 533,000 $ 266,500 $ 98,000
Placer, California 2 $ 414,000 $ 207,000 $ 112,000
District of Columbia, District Of Columbia 2 $ 322,000 $ 161,000 $ 45,000
Brevard, Florida 2 $ 412,000 $ 206,000 $ 66,000
Hernando, Florida 2 $ 346,000 $ 173,000 $ 94,000
Lee, Florida 2 $ 129,000 $ 64,500 $ 32,000
St. Lucie, Florida 2 $ 354,000 $ 177,000 $ 97,000
Kendall, Illinois 2 $ 362,000 $ 181,000 $ 69,000
Madison, Illinois 2 $ 378,000 $ 189,000 $ 38,000
Washington, Maryland 2 $ 659,000 $ 329,500 $ 287,000
Kalamazoo, Michigan 2 $ 560,000 $ 280,000 $ 69,000
Macomb, Michigan 2 $ 495,000 $ 247,500 $ 77,000
Gloucester, New Jersey 2 $ 349,000 $ 174,500 $ 62,000
Monroe, New York 2 $ 402,000 $ 201,000 $ 107,000
Onondaga, New York 2 $ 223,000 $ 111,500 $ 89,000
Rockland, New York 2 $ 634,000 $ 317,000 $ 101,000
Hamilton, Ohio 2 $ 301,000 $ 150,500 $ 159,000
Warren, Ohio 2 $ 538,000 $ 269,000 $ 75,000
Chester, Pennsylvania 2 $ 479,000 $ 239,500 $ 123,000
Cumberland, Pennsylvania 2 $ 262,000 $ 131,000 $ 48,000
Dauphin, Pennsylvania 2 $ 308,000 $ 154,000 $ 74,000
York, Virginia 2 $ 464,000 $ 232,000 $ 54,000
Kern, California 1 $ 310,000 $ 310,000 $ 120,000
San Francisco, California 1 $ 219,000 $ 219,000 $ 55,000
Santa Barbara, California 1 $ 156,000 $ 156,000 $ 30,000
Solano, California 1 $ 165,000 $ 165,000 $ 60,000
Stanislaus, California 1 $ 279,000 $ 279,000 $ 64,000
Ventura, California 1 $ 191,000 $ 191,000 $ 60,000
Alachua, Florida 1 $ 148,000 $ 148,000 $ 49,000
Escambia, Florida 1 $ 73,000 $ 73,000 $ 29,000
Manatee, Florida 1 $ 90,000 $ 90,000 $ 59,000
Marion, Florida 1 $ 44,000 $ 44,000 $ 20,000
Sarasota, Florida 1 $ 100,000 $ 100,000 $ 134,000
St. Johns, Florida 1 $ 207,000 $ 207,000 $ 94,000
Volusia, Florida 1 $ 135,000 $ 135,000 $ 94,000
Grundy, Illinois 1 $ 129,000 $ 129,000 $ 34,000
Ogle, Illinois 1 $ 124,000 $ 124,000 $ 33,000
Sangamon, Illinois 1 $ 20,000 $ 20,000 $ 54,000
Talbot, Maryland 1 $ 334,000 $ 334,000 $ 125,000
Wicomico, Maryland 1 $ 205,000 $ 205,000 $ 62,000
Bay, Michigan 1 $ 225,000 $ 225,000 $ 83,000
Branch, Michigan 1 $ 86,000 $ 86,000 $ 24,000
Kent, Michigan 1 $ 151,000 $ 151,000 $ 60,000
Mecosta, Michigan 1 $ 216,000 $ 216,000 $ 70,000
Carver, Minnesota 1 $ 300,000 $ 300,000 $ 69,000
Chippewa, Minnesota 1 $ 109,000 $ 109,000 $ 54,000
Freeborn, Minnesota 1 $ 247,000 $ 247,000 $ 135,000
St. Louis, Minnesota 1 $ 232,000 $ 232,000 $ 175,000
Stearns, Minnesota 1 $ 179,000 $ 179,000 $ 117,000
Stevens, Minnesota 1 $ 172,000 $ 172,000 $ 90,000
Washington, Minnesota 1 $ 155,000 $ 155,000 $ 38,000
Cumberland, New Jersey 1 $ 122,000 $ 122,000 $ 44,000
Hunterdon, New Jersey 1 $ 276,000 $ 276,000 $ 116,000
Warren, New Jersey 1 $ 90,000 $ 90,000 $ 41,000
Broome, New York 1 $ 214,000 $ 214,000 $ 63,000
Chemung, New York 1 $ 195,000 $ 195,000 $ 90,000
Dutchess, New York 1 $ 250,000 $ 250,000 $ 55,000
Erie, New York 1 $ 223,000 $ 223,000 $ 57,000
New York, New York 1 $ 315,000 $ 315,000 $ 173,000
Oneida, New York 1 $ 60,000 $ 60,000 $ 100,000
Saratoga, New York 1 $ 135,000 $ 135,000 $ 99,000
Schenectady, New York 1 $ 62,000 $ 62,000 $ 55,000
Sullivan, New York 1 $ 30,000 $ 30,000 $ 24,000
Allen, Ohio 1 $ 334,000 $ 334,000 $ 341,000
Fairfield, Ohio 1 $ 140,000 $ 140,000 $ 33,000
Greene, Ohio 1 $ 313,000 $ 313,000 $ 225,000
Lorain, Ohio 1 $ 262,000 $ 262,000 $ 92,000
Montgomery, Ohio 1 $ 155,000 $ 155,000 $ 201,000
Portage, Ohio 1 $ 198,000 $ 198,000 $ 62,000
Lebanon, Pennsylvania 1 $ 56,000 $ 56,000 $ 110,000
Schuylkill, Pennsylvania 1 $ 150,000 $ 150,000 $ 25,000
Westmoreland, Pennsylvania 1 $ 232,000 $ 232,000 $ 43,000
Fairfax City, Virginia 1 $ 109,000 $ 109,000 $ 24,000
Falls Church, Virginia 1 $ 40,000 $ 40,000 $ 20,000
Hampton, Virginia 1 $ 200,000 $ 200,000 $ 204,000
Hopewell, Virginia 1 $ 95,000 $ 95,000 $ 20,000
Lynchburg, Virginia 1 $ 329,000 $ 329,000 $ 195,000
Manassas Park, Virginia 1 $ 260,000 $ 260,000 $ 83,000
Richmond City, Virginia 1 $ 82,000 $ 82,000 $ 164,000
Rockingham, Virginia 1 $ 199,000 $ 199,000 $ 69,000
Spotsylvania, Virginia 1 $ 117,000 $ 117,000 $ 94,000

Mortgage Loan Application Detail Totals for Guidance Residential, LLC in 2004

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 1,050 $222,785,000 $213,416 $580,000 $79,083 $677,000
Refinancing 883 $168,678,000 $181,333 $457,000 $71,416 $521,000
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
Asian 993 $210,642,000 $213,833 $457,000 $83,916 $677,000
White 466 $90,614,000 $206,333 $418,000 $73,833 $389,000
Not Provided 270 $57,702,000 $198,500 $580,000 $74,416 $360,000
Black or African American 182 $29,075,000 $161,916 $392,000 $62,500 $268,000
Hispanic 15 $2,052,000 $132,285 $334,000 $68,285 $331,000
Native Hawaiian or Other Pacific Islander 4 $878,000 $179,500 $334,000 $56,500 $94,000
American Indian or Alaskan Native 3 $500,000 $166,666 $200,000 $40,000 $54,000
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) 1,933 $391,463,000 $196,923 $580,000 $73,923 $677,000
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
VA-guaranteed (Veterans Administration) 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 918 $191,338,000 $200,666 $457,000 $80,750 $677,000
Application Withdrawn By Applicant 394 $75,405,000 $186,416 $427,000 $73,250 $480,000
Application Approved But Not Accepted 264 $57,921,000 $210,000 $580,000 $83,166 $360,000
Application Denied By Financial Institution 199 $36,196,000 $182,333 $417,000 $58,500 $311,000
File Closed For Incompleteness 158 $30,603,000 $190,454 $406,000 $76,545 $294,000
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 77 $13,522,000 $179,000 $417,000 $41,333 $133,000
Credit History 43 $8,339,000 $177,222 $406,000 $66,777 $132,000
Other 42 $7,147,000 $185,090 $384,000 $77,181 $311,000
Collateral 18 $2,966,000 $150,000 $354,000 $59,800 $135,000
Employment History 7 $1,215,000 $163,333 $271,000 $46,333 $71,000
Unverifiable Information 5 $1,287,000 $265,000 $390,000 $102,250 $275,000
Insufficient Cash (Downpayment, Closing Cost) 4 $1,030,000 $257,500 $334,000 $92,500 $151,000
Credit Application Incomplete 3 $690,000 $203,500 $291,000 $58,000 $100,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Guidance Residential, LLC's 2004 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 Guidance Residential, 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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