Homesale Lending, LLC Mortgage Lending & HMDA Data, 2012
In 2012, Homesale Lending, LLC of Winston-Salem, NC reported 742 mortgage applications totaling $115.6 million, up 545% from 2011. The average application was for $155,843, and applicants reported an average income of $54,566. 68% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Lancaster, PA (224), York-Hanover, PA (105) and Harrisburg-Carlisle, PA (89) (applications in parentheses).
| Mortgage Company & Address | Homesale Lending, LLC 100 N Main Street Mac D4001-063 Winston-Salem, NC 27150 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 |
| Total Number of Mortgage Applications | 742 |
| Total Mortgage Loan Application Amount | $115,636,000 |
| Average Mortgage Loan Application Amount | $155,843 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $54,566 |
| Highest Applicant Income | $271,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Homesale Lending, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lancaster, Pennsylvania | 224 | $ 36,729,000 | $ 163,968 | $ 61,000 |
| York, Pennsylvania | 105 | $ 16,017,000 | $ 152,542 | $ 60,000 |
| Franklin, Pennsylvania | 55 | $ 8,600,000 | $ 156,363 | $ 53,000 |
| Dauphin, Pennsylvania | 48 | $ 7,447,000 | $ 155,145 | $ 70,000 |
| Berks, Pennsylvania | 46 | $ 7,563,000 | $ 164,413 | $ 71,000 |
| Cumberland, Pennsylvania | 39 | $ 7,114,000 | $ 182,410 | $ 82,000 |
| Adams, Pennsylvania | 26 | $ 3,794,000 | $ 145,923 | $ 59,000 |
| Lebanon, Pennsylvania | 23 | $ 3,731,000 | $ 162,217 | $ 69,000 |
| Schuylkill, Pennsylvania | 17 | $ 1,415,000 | $ 83,235 | $ 76,000 |
| Chester, Pennsylvania | 7 | $ 1,662,000 | $ 237,428 | $ 23,000 |
| Washington, Maryland | 4 | $ 443,000 | $ 110,750 | $ 13,000 |
| Montgomery, Pennsylvania | 4 | $ 922,000 | $ 230,500 | $ 108,000 |
| Carroll, Maryland | 2 | $ 527,000 | $ 263,500 | $ 59,000 |
| Worcester, Maryland | 2 | $ 233,000 | $ 116,500 | $ 73,000 |
| Lehigh, Pennsylvania | 2 | $ 286,000 | $ 143,000 | $ 49,000 |
| Northampton, Pennsylvania | 2 | $ 90,000 | $ 45,000 | $ 21,000 |
| Perry, Pennsylvania | 2 | $ 275,000 | $ 137,500 | $ 83,000 |
| Washington, Virginia | 2 | $ 285,000 | $ 142,500 | $ 0 |
| Baltimore, Maryland | 1 | $ 137,000 | $ 137,000 | $ 0 |
| Baltimore City, Maryland | 1 | $ 146,000 | $ 146,000 | $ 0 |
| Frederick, Maryland | 1 | $ 193,000 | $ 193,000 | $ 0 |
| Harford, Maryland | 1 | $ 223,000 | $ 223,000 | $ 114,000 |
| Wicomico, Maryland | 1 | $ 152,000 | $ 152,000 | $ 0 |
| Allegheny, Pennsylvania | 1 | $ 42,000 | $ 42,000 | $ 52,000 |
| Bucks, Pennsylvania | 1 | $ 204,000 | $ 204,000 | $ 0 |
| Clarion, Pennsylvania | 1 | $ 192,000 | $ 192,000 | $ 52,000 |
| Lackawanna, Pennsylvania | 1 | $ 179,000 | $ 179,000 | $ 113,000 |
| Luzerne, Pennsylvania | 1 | $ 206,000 | $ 206,000 | $ 104,000 |
| Fairfax, Virginia | 1 | $ 390,000 | $ 390,000 | $ 254,000 |
Mortgage Loan Application Detail Totals for Homesale Lending, LLC in 2012
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 | 628 | $95,278,000 | $151,000 | $1,000,000 | $54,000 | $265,000 |
| Refinancing | 112 | $20,024,000 | $178,000 | $402,000 | $57,000 | $271,000 |
| Home Improvement | 2 | $334,000 | $167,000 | $230,000 | $96,000 | $150,000 |
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 | 633 | $101,247,000 | $159,000 | $1,000,000 | $58,000 | $271,000 |
| Not Provided | 45 | $5,825,000 | $129,000 | $276,000 | $6,000 | $129,000 |
| Hispanic | 42 | $5,227,000 | $124,000 | $360,000 | $36,000 | $93,000 |
| Black or African American | 18 | $2,805,000 | $155,000 | $276,000 | $68,000 | $246,000 |
| Asian | 4 | $532,000 | $133,000 | $176,000 | $73,000 | $126,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 595 | $88,754,000 | $149,000 | $1,000,000 | $46,000 | $246,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 147 | $26,882,000 | $182,000 | $417,000 | $89,000 | $271,000 |
| 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 | 502 | $80,596,000 | $160,000 | $417,000 | $64,000 | $271,000 |
| Preapproval Denied by Financial Institution | 121 | $16,439,000 | $135,000 | $1,000,000 | $10,000 | $147,000 |
| Application Denied By Financial Institution | 59 | $8,168,000 | $138,000 | $378,000 | $49,000 | $178,000 |
| Application Approved But Not Accepted | 38 | $6,925,000 | $182,000 | $344,000 | $79,000 | $265,000 |
| Application Withdrawn By Applicant | 21 | $3,361,000 | $160,000 | $360,000 | $44,000 | $129,000 |
| File Closed For Incompleteness | 1 | $147,000 | $147,000 | $147,000 | $44,000 | $44,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 120 | $16,531,000 | $137,000 | $1,000,000 | $17,000 | $178,000 |
| Debt-To-Income Ratio | 20 | $2,586,000 | $129,000 | $196,000 | $24,000 | $55,000 |
| Collateral | 14 | $1,879,000 | $134,000 | $182,000 | $57,000 | $101,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $1,194,000 | $132,000 | $196,000 | $39,000 | $72,000 |
| Credit Application Incomplete | 6 | $1,027,000 | $171,000 | $280,000 | $48,000 | $101,000 |
| Employment History | 5 | $643,000 | $128,000 | $193,000 | $34,000 | $55,000 |
| Other | 4 | $537,000 | $134,000 | $212,000 | $0 | $0 |
| Unverifiable Information | 2 | $210,000 | $105,000 | $113,000 | $27,000 | $29,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Homesale Lending, LLC's 2012 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 Homesale Lending, 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.
For a list of all lenders in North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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