Gulf Atlantic Funding Group, Inc. Mortgage Lending & HMDA Data, 2010
In 2010, Gulf Atlantic Funding Group, Inc. of Davie, FL reported 290 mortgage applications totaling $46.5 million, down 14% from 2009. The average application was for $160,175, and applicants reported an average income of $74,948. 67% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (177), West Palm Beach-Boca Raton-Boynton Beach, FL (54) and Miami-Miami Beach-Kendall, FL (36) (applications in parentheses).
| Mortgage Company & Address | Gulf Atlantic Funding Group, Inc. 5400 S. University Dr #603l Davie, FL 33328 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 290 |
| Total Mortgage Loan Application Amount | $46,451,000 |
| Average Mortgage Loan Application Amount | $160,175 |
| Highest Mortgage Loan Application Amount | $460,000 |
| Average Applicant Income | $74,948 |
| Highest Applicant Income | $1,963,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gulf Atlantic Funding Group, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Gulf Atlantic Funding Group, Inc. in 2010
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 | 265 | $41,948,000 | $158,000 | $460,000 | $74,000 | $1,963,000 |
| Refinancing | 25 | $4,503,000 | $180,000 | $414,000 | $85,000 | $478,000 |
| 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 | 126 | $20,865,000 | $165,000 | $460,000 | $96,000 | $1,963,000 |
| Black or African American | 81 | $12,341,000 | $152,000 | $403,000 | $56,000 | $168,000 |
| Hispanic | 80 | $12,441,000 | $155,000 | $414,000 | $61,000 | $171,000 |
| Asian | 2 | $653,000 | $326,000 | $349,000 | $129,000 | $157,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $151,000 | $151,000 | $151,000 | $53,000 | $53,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 176 | $27,577,000 | $156,000 | $414,000 | $67,000 | $478,000 |
| VA-guaranteed (Veterans Administration) | 75 | $12,606,000 | $168,000 | $383,000 | $86,000 | $1,963,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 39 | $6,268,000 | $160,000 | $460,000 | $93,000 | $293,000 |
| 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 | 194 | $32,196,000 | $165,000 | $460,000 | $71,000 | $297,000 |
| Application Withdrawn By Applicant | 54 | $8,652,000 | $160,000 | $319,000 | $95,000 | $1,963,000 |
| Application Denied By Financial Institution | 41 | $5,517,000 | $134,000 | $321,000 | $71,000 | $478,000 |
| Preapproval Denied by Financial Institution | 1 | $86,000 | $86,000 | $86,000 | $31,000 | $31,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $1,528,000 | $127,000 | $321,000 | $60,000 | $140,000 |
| Credit History | 11 | $1,400,000 | $127,000 | $199,000 | $52,000 | $83,000 |
| Other | 8 | $830,000 | $103,000 | $166,000 | $43,000 | $65,000 |
| Debt-To-Income Ratio | 4 | $613,000 | $153,000 | $286,000 | $106,000 | $284,000 |
| Collateral | 3 | $495,000 | $165,000 | $240,000 | $82,000 | $121,000 |
| Unverifiable Information | 2 | $352,000 | $176,000 | $196,000 | $69,000 | $89,000 |
| Credit Application Incomplete | 1 | $268,000 | $268,000 | $268,000 | $478,000 | $478,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gulf Atlantic Funding Group, Inc.'s 2010 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 Gulf Atlantic Funding Group, 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 Florida, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About