Home Financing Center, Inc. Mortgage Lending & HMDA Data, 2019
In 2019, Home Financing Center, Inc. of Coral Gables, FL reported 293 mortgage applications totaling $79.6 million, down 17% from 2018. The average application was for $271,552, and applicants reported an average income of $90,686. 95% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (227), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (40) and West Palm Beach-Boca Raton-Delray Beach, FL (8) (applications in parentheses).
| Mortgage Company & Address | Home Financing Center, Inc. 400 University Drive, Third Floor Coral Gables, FL 33134 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 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 293 |
| Total Mortgage Loan Application Amount | $79,565,000 |
| Average Mortgage Loan Application Amount | $271,552 |
| Highest Mortgage Loan Application Amount | $965,000 |
| Average Applicant Income | $90,686 |
| Highest Applicant Income | $413,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Home Financing Center, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Miami-Miami Beach-Kendall, FL | 227 | $ 65,035,000 | $ 286,497 | $ 93,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 40 | $ 9,490,000 | $ 237,250 | $ 85,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 8 | $ 1,780,000 | $ 222,500 | $ 80,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 935,000 | $ 187,000 | $ 81,000 |
| Outside any metro area | 2 | $ 220,000 | $ 110,000 | $ 72,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 300,000 | $ 150,000 | $ 86,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 410,000 | $ 205,000 | $ 65,000 |
| Port St. Lucie, FL | 2 | $ 600,000 | $ 300,000 | $ 115,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 235,000 | $ 235,000 | $ 80,000 |
| Jacksonville, FL | 1 | $ 85,000 | $ 85,000 | $ 55,000 |
| Ocala, FL | 1 | $ 75,000 | $ 75,000 | $ 18,000 |
| Punta Gorda, FL | 1 | $ 145,000 | $ 145,000 | $ 71,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 255,000 | $ 255,000 | $ 86,000 |
Mortgage Loan Application Detail Totals for Home Financing Center, Inc. in 2019
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 | 179 | $53,925,000 | $301,000 | $965,000 | $90,000 | $413,000 |
| Other Purpose | 40 | $8,400,000 | $210,000 | $435,000 | $89,000 | $224,000 |
| Refinancing | 39 | $8,325,000 | $213,000 | $415,000 | $102,000 | $320,000 |
| Cash-out Refinancing | 26 | $6,960,000 | $267,000 | $735,000 | $83,000 | $233,000 |
| Home Improvement | 9 | $1,955,000 | $217,000 | $405,000 | $85,000 | $137,000 |
| Not Applicable | 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 |
|---|---|---|---|---|---|---|
| Hispanic | 206 | $56,670,000 | $275,000 | $735,000 | $89,000 | $409,000 |
| White | 44 | $12,850,000 | $292,000 | $965,000 | $110,000 | $413,000 |
| Black or African American | 39 | $9,245,000 | $237,000 | $365,000 | $79,000 | $165,000 |
| Asian | 2 | $550,000 | $275,000 | $405,000 | $145,000 | $155,000 |
| Not Provided | 1 | $115,000 | $115,000 | $115,000 | $44,000 | $44,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 157 | $39,275,000 | $250,000 | $965,000 | $96,000 | $413,000 |
| FHA-insured (Federal Housing Administration) | 136 | $40,290,000 | $296,000 | $365,000 | $84,000 | $409,000 |
| 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 | 277 | $75,295,000 | $271,000 | $965,000 | $91,000 | $413,000 |
| Application Withdrawn By Applicant | 11 | $2,475,000 | $225,000 | $445,000 | $84,000 | $168,000 |
| Application Denied By Financial Institution | 5 | $1,795,000 | $359,000 | $485,000 | $89,000 | $118,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 288 | $77,770,000 | $270,000 | $965,000 | $91,000 | $413,000 |
| Credit Application Incomplete | 2 | $840,000 | $420,000 | $485,000 | $94,000 | $118,000 |
| Debt-To-Income Ratio | 2 | $620,000 | $310,000 | $435,000 | $72,000 | $102,000 |
| Collateral | 1 | $335,000 | $335,000 | $335,000 | $115,000 | $115,000 |
| 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 |
| Credit History | 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 Home Financing Center, Inc.'s 2019 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 Home Financing Center, 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.
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