Home Solution Lenders Inc. Mortgage Lending & HMDA Data, 2018
In 2018, Home Solution Lenders Inc. of Bartow, FL reported 698 mortgage applications totaling $138.2 million, down 21% from 2017. The average application was for $198,008, and applicants reported an average income of $68,297. 59% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Lakeland-Winter Haven, FL (267), Tampa-St. Petersburg-Clearwater, FL (56) and Jacksonville, FL (28) (applications in parentheses).
| Mortgage Company & Address | Home Solution Lenders Inc. 1445 E Main St Bartow, FL 33830 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 |
| Total Number of Mortgage Applications | 698 |
| Total Mortgage Loan Application Amount | $138,210,000 |
| Average Mortgage Loan Application Amount | $198,008 |
| Highest Mortgage Loan Application Amount | $465,000 |
| Average Applicant Income | $68,297 |
| Highest Applicant Income | $319,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Home Solution Lenders Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Lakeland-Winter Haven, FL | 267 | $ 49,635,000 | $ 185,898 | $ 64,000 |
| Tampa-St. Petersburg-Clearwater, FL | 56 | $ 10,880,000 | $ 194,285 | $ 66,000 |
| Jacksonville, FL | 28 | $ 7,040,000 | $ 251,428 | $ 99,000 |
| Ocala, FL | 28 | $ 5,980,000 | $ 213,571 | $ 85,000 |
| Orlando-Kissimmee-Sanford, FL | 18 | $ 3,920,000 | $ 217,777 | $ 83,000 |
| North Port-Sarasota-Bradenton, FL | 5 | $ 1,475,000 | $ 295,000 | $ 121,000 |
| Punta Gorda, FL | 2 | $ 630,000 | $ 315,000 | $ 95,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 360,000 | $ 180,000 | $ 53,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 185,000 | $ 185,000 | $ 43,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 155,000 | $ 155,000 | $ 113,000 |
| Outside any metro area | 1 | $ 75,000 | $ 75,000 | $ 37,000 |
Mortgage Loan Application Detail Totals for Home Solution Lenders Inc. in 2018
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 | 668 | $134,110,000 | $200,000 | $465,000 | $68,000 | $319,000 |
| Cash-out Refinancing | 16 | $2,620,000 | $163,000 | $275,000 | $73,000 | $187,000 |
| Other Purpose | 8 | $40,000 | $5,000 | $5,000 | $60,000 | $81,000 |
| Refinancing | 6 | $1,440,000 | $240,000 | $435,000 | $100,000 | $173,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| White | 319 | $63,065,000 | $197,000 | $465,000 | $76,000 | $319,000 |
| Hispanic | 233 | $45,325,000 | $194,000 | $295,000 | $62,000 | $280,000 |
| Black or African American | 110 | $23,040,000 | $209,000 | $455,000 | $66,000 | $188,000 |
| Not Provided | 23 | $4,405,000 | $191,000 | $335,000 | $51,000 | $181,000 |
| Asian | 6 | $1,050,000 | $175,000 | $205,000 | $56,000 | $80,000 |
| American Indian or Alaskan Native | 5 | $875,000 | $175,000 | $255,000 | $53,000 | $73,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $235,000 | $235,000 | $235,000 | $46,000 | $46,000 |
| 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) | 377 | $75,385,000 | $199,000 | $295,000 | $61,000 | $153,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 166 | $29,690,000 | $178,000 | $455,000 | $85,000 | $319,000 |
| VA-guaranteed (Veterans Administration) | 81 | $18,355,000 | $226,000 | $465,000 | $74,000 | $235,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 74 | $14,780,000 | $199,000 | $285,000 | $58,000 | $101,000 |
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 | 413 | $82,915,000 | $200,000 | $465,000 | $72,000 | $280,000 |
| Application Denied By Financial Institution | 123 | $23,725,000 | $192,000 | $415,000 | $57,000 | $235,000 |
| Application Withdrawn By Applicant | 117 | $22,355,000 | $191,000 | $455,000 | $64,000 | $188,000 |
| Application Approved But Not Accepted | 31 | $6,405,000 | $206,000 | $345,000 | $83,000 | $319,000 |
| File Closed For Incompleteness | 11 | $2,195,000 | $199,000 | $365,000 | $58,000 | $216,000 |
| Loan Purchased By The Institution | 3 | $615,000 | $205,000 | $245,000 | $80,000 | $80,000 |
| 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 | 575 | $114,485,000 | $199,000 | $465,000 | $70,000 | $319,000 |
| Debt-To-Income Ratio | 47 | $8,795,000 | $187,000 | $265,000 | $43,000 | $120,000 |
| Credit History | 42 | $8,580,000 | $204,000 | $295,000 | $57,000 | $139,000 |
| Other | 19 | $3,685,000 | $193,000 | $415,000 | $73,000 | $235,000 |
| Collateral | 5 | $865,000 | $173,000 | $335,000 | $111,000 | $187,000 |
| Unverifiable Information | 4 | $760,000 | $190,000 | $245,000 | $55,000 | $83,000 |
| Employment History | 3 | $525,000 | $175,000 | $185,000 | $46,000 | $68,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $320,000 | $160,000 | $165,000 | $119,000 | $165,000 |
| Credit Application Incomplete | 1 | $195,000 | $195,000 | $195,000 | $52,000 | $52,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Home Solution Lenders Inc.'s 2018 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 Solution Lenders 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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