Homespring Financial, LLC Mortgage Lending & HMDA Data, 2008
In 2008, Homespring Financial, LLC of Kansas City, MO reported 658 mortgage applications totaling $153.5 million. The average application was for $233,217, and applicants reported an average income of $133,177. 77% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (298), Baltimore-Towson, MD (166) and Bethesda-Frederick-Gaithersburg, MD (68) (applications in parentheses).
| Mortgage Company & Address | Homespring Financial, LLC 1200 Main St, Mail Stop Mo8-060-12-24 Kansas City, MO 64105 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 |
| Total Number of Mortgage Applications | 658 |
| Total Mortgage Loan Application Amount | $153,457,000 |
| Average Mortgage Loan Application Amount | $233,217 |
| Highest Mortgage Loan Application Amount | $992,000 |
| Average Applicant Income | $133,177 |
| Highest Applicant Income | $1,002,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Homespring Financial, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Calvert, Maryland | 183 | $ 43,941,000 | $ 240,114 | $ 135,000 |
| St. Mary's, Maryland | 65 | $ 15,332,000 | $ 235,876 | $ 115,000 |
| Howard, Maryland | 59 | $ 14,525,000 | $ 246,186 | $ 119,000 |
| Frederick, Maryland | 54 | $ 12,837,000 | $ 237,722 | $ 127,000 |
| Fairfax, Virginia | 38 | $ 9,446,000 | $ 248,578 | $ 144,000 |
| Baltimore, Maryland | 34 | $ 6,815,000 | $ 200,441 | $ 107,000 |
| Baltimore City, Maryland | 27 | $ 4,990,000 | $ 184,814 | $ 152,000 |
| Anne Arundel, Maryland | 25 | $ 5,573,000 | $ 222,920 | $ 129,000 |
| Prince George's, Maryland | 24 | $ 5,781,000 | $ 240,875 | $ 102,000 |
| Charles, Maryland | 19 | $ 4,298,000 | $ 226,210 | $ 155,000 |
| Montgomery, Maryland | 14 | $ 3,767,000 | $ 269,071 | $ 142,000 |
| Carroll, Maryland | 12 | $ 2,612,000 | $ 217,666 | $ 105,000 |
| Jefferson, West Virginia | 12 | $ 2,263,000 | $ 188,583 | $ 132,000 |
| Prince William, Virginia | 8 | $ 1,981,000 | $ 247,625 | $ 112,000 |
| Worcester, Maryland | 7 | $ 1,552,000 | $ 221,714 | $ 478,000 |
| Queen Anne's, Maryland | 6 | $ 1,628,000 | $ 271,333 | $ 244,000 |
| Mecklenburg, North Carolina | 6 | $ 706,000 | $ 117,666 | $ 89,000 |
| Manassas, Virginia | 4 | $ 762,000 | $ 190,500 | $ 152,000 |
| District of Columbia, District Of Columbia | 3 | $ 847,000 | $ 282,333 | $ 158,000 |
| Garrett, Maryland | 3 | $ 776,000 | $ 258,666 | $ 193,000 |
| Harford, Maryland | 3 | $ 505,000 | $ 168,333 | $ 78,000 |
| Washington, Maryland | 3 | $ 704,000 | $ 234,666 | $ 77,000 |
| Sussex, Delaware | 2 | $ 366,000 | $ 183,000 | $ 102,000 |
| Sarasota, Florida | 2 | $ 455,000 | $ 227,500 | $ 254,000 |
| Talbot, Maryland | 2 | $ 365,000 | $ 182,500 | $ 66,000 |
| Currituck, North Carolina | 2 | $ 539,000 | $ 269,500 | $ 236,000 |
| Orange, North Carolina | 2 | $ 311,000 | $ 155,500 | $ 197,000 |
| Adams, Pennsylvania | 2 | $ 432,000 | $ 216,000 | $ 63,000 |
| Montgomery, Pennsylvania | 2 | $ 195,000 | $ 97,500 | $ 46,000 |
| Beaufort, South Carolina | 2 | $ 456,000 | $ 228,000 | $ 181,000 |
| Alexandria, Virginia | 2 | $ 434,000 | $ 217,000 | $ 52,000 |
| Augusta, Virginia | 2 | $ 600,000 | $ 300,000 | $ 253,000 |
| Culpeper, Virginia | 2 | $ 481,000 | $ 240,500 | $ 130,000 |
| Loudoun, Virginia | 2 | $ 600,000 | $ 300,000 | $ 159,000 |
| Warren, Virginia | 2 | $ 305,000 | $ 152,500 | $ 88,000 |
| Brevard, Florida | 1 | $ 100,000 | $ 100,000 | $ 109,000 |
| Franklin, Kentucky | 1 | $ 188,000 | $ 188,000 | $ 167,000 |
| Cumberland, Maine | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
| Gloucester, New Jersey | 1 | $ 398,000 | $ 398,000 | $ 147,000 |
| New Hanover, North Carolina | 1 | $ 338,000 | $ 338,000 | $ 182,000 |
| Wake, North Carolina | 1 | $ 300,000 | $ 300,000 | $ 112,000 |
| Licking, Ohio | 1 | $ 360,000 | $ 360,000 | $ 114,000 |
| Bristol, Rhode Island | 1 | $ 319,000 | $ 319,000 | $ 140,000 |
| Charleston, South Carolina | 1 | $ 192,000 | $ 192,000 | $ 280,000 |
| Horry, South Carolina | 1 | $ 260,000 | $ 260,000 | $ 231,000 |
| Sullivan, Tennessee | 1 | $ 167,000 | $ 167,000 | $ 107,000 |
| Dallas, Texas | 1 | $ 992,000 | $ 992,000 | $ 304,000 |
| Arlington, Virginia | 1 | $ 364,000 | $ 364,000 | $ 216,000 |
| King George, Virginia | 1 | $ 279,000 | $ 279,000 | $ 90,000 |
| Virginia Beach, Virginia | 1 | $ 170,000 | $ 170,000 | $ 78,000 |
| Pierce, Washington | 1 | $ 170,000 | $ 170,000 | $ 49,000 |
| Hampshire, West Virginia | 1 | $ 125,000 | $ 125,000 | $ 250,000 |
Mortgage Loan Application Detail Totals for Homespring Financial, LLC in 2008
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 | 394 | $89,875,000 | $228,000 | $992,000 | $129,000 | $1,002,000 |
| Refinancing | 259 | $62,078,000 | $239,000 | $417,000 | $140,000 | $520,000 |
| Home Improvement | 5 | $1,504,000 | $300,000 | $360,000 | $109,000 | $165,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 326 | $81,550,000 | $250,000 | $992,000 | $142,000 | $495,000 |
| White | 299 | $63,964,000 | $213,000 | $796,000 | $127,000 | $1,002,000 |
| Black or African American | 22 | $5,473,000 | $248,000 | $417,000 | $97,000 | $238,000 |
| Hispanic | 5 | $908,000 | $181,000 | $350,000 | $147,000 | $289,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $658,000 | $329,000 | $417,000 | $81,000 | $94,000 |
| American Indian or Alaskan Native | 2 | $293,000 | $146,000 | $260,000 | $66,000 | $66,000 |
| Asian | 2 | $611,000 | $305,000 | $417,000 | $197,000 | $197,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 656 | $152,910,000 | $233,000 | $992,000 | $134,000 | $1,002,000 |
| FHA-insured (Federal Housing Administration) | 1 | $196,000 | $196,000 | $196,000 | $125,000 | $125,000 |
| VA-guaranteed (Veterans Administration) | 1 | $351,000 | $351,000 | $351,000 | $83,000 | $83,000 |
| 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 | 505 | $118,232,000 | $234,000 | $992,000 | $134,000 | $1,002,000 |
| Application Denied By Financial Institution | 52 | $12,220,000 | $235,000 | $417,000 | $128,000 | $336,000 |
| Application Withdrawn By Applicant | 51 | $13,317,000 | $261,000 | $417,000 | $140,000 | $378,000 |
| Application Approved But Not Accepted | 42 | $8,130,000 | $193,000 | $417,000 | $133,000 | $334,000 |
| Preapproval Approved but not Accepted | 3 | $913,000 | $304,000 | $351,000 | $72,000 | $83,000 |
| Preapproval Denied by Financial Institution | 3 | $467,000 | $155,000 | $332,000 | $81,000 | $100,000 |
| File Closed For Incompleteness | 2 | $178,000 | $89,000 | $150,000 | $125,000 | $125,000 |
| Loan Purchased By The 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 | 40 | $9,576,000 | $239,000 | $417,000 | $125,000 | $336,000 |
| Other | 8 | $1,799,000 | $224,000 | $417,000 | $154,000 | $264,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $775,000 | $258,000 | $417,000 | $133,000 | $177,000 |
| Credit History | 3 | $258,000 | $86,000 | $142,000 | $70,000 | $83,000 |
| Debt-To-Income Ratio | 1 | $279,000 | $279,000 | $279,000 | $98,000 | $98,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Homespring Financial, LLC's 2008 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 Homespring Financial, 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 Missouri, download the full spreadsheet
with aggregated HMDA statistics today.
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