Gvc Mortgage, Inc. Mortgage Lending & HMDA Data, 2017

In 2017, Gvc Mortgage, Inc. of Suite 200, IN reported 4,075 mortgage applications totaling $569.4 million, down 8% from 2016. The average application was for $139,734, and applicants reported an average income of $62,889. 79% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (2,169), Gary, IN (293) and Elkhart-Goshen, IN (229) (applications in parentheses).

Mortgage Company & Address Gvc Mortgage, Inc.
One Plaza Drive, Suite 3
Suite 200, IN 46064
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2013  2012  2011  2010  2009  2008  
Total Number of Mortgage Applications 4,075
Total Mortgage Loan Application Amount $569,419,000
Average Mortgage Loan Application Amount $139,734
Highest Mortgage Loan Application Amount $788,000
Average Applicant Income $62,889
Highest Applicant Income $880,000

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Act (HMDA) records Gvc Mortgage, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

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Mortgage Loan Application Detail Totals for Gvc Mortgage, Inc. in 2017

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 3,622 $506,570,000 $139,000 $788,000 $62,000 $880,000
Refinancing 453 $62,849,000 $138,000 $560,000 $70,000 $825,000
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 3,477 $485,616,000 $139,000 $788,000 $64,000 $880,000
Black or African American 199 $29,332,000 $147,000 $513,000 $60,000 $269,000
Hispanic 166 $21,209,000 $127,000 $314,000 $50,000 $164,000
Asian 138 $18,734,000 $135,000 $405,000 $45,000 $790,000
Not Provided 69 $10,926,000 $158,000 $355,000 $67,000 $253,000
American Indian or Alaskan Native 16 $2,060,000 $128,000 $455,000 $56,000 $139,000
Native Hawaiian or Other Pacific Islander 10 $1,542,000 $154,000 $260,000 $52,000 $79,000
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
FHA-insured (Federal Housing Administration) 1,787 $231,188,000 $129,000 $372,000 $55,000 $367,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,370 $221,711,000 $161,000 $788,000 $81,000 $880,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 664 $75,080,000 $113,000 $301,000 $43,000 $96,000
VA-guaranteed (Veterans Administration) 254 $41,440,000 $163,000 $490,000 $66,000 $223,000

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 3,237 $457,194,000 $141,000 $788,000 $63,000 $880,000
Application Withdrawn By Applicant 764 $102,631,000 $134,000 $626,000 $61,000 $526,000
Application Denied By Financial Institution 74 $9,594,000 $129,000 $425,000 $51,000 $230,000
Application Approved But Not Accepted 0 $0 $0 $0 $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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 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
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Gvc Mortgage, Inc.'s 2017 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 Gvc Mortgage, 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 Indiana, download the full spreadsheet with aggregated HMDA statistics today.

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