Homeway Mortgage LLC Mortgage Lending & HMDA Data, 2017

In 2017, Homeway Mortgage LLC of Katy, TX reported 146 mortgage applications totaling $35.3 million, down 25% from 2016. The average application was for $241,787, and applicants reported an average income of $135,698. 76% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Houston-The Woodlands-Sugar Land, TX (111), Victoria, TX (17) and Austin-Round Rock, TX (7) (applications in parentheses).

Mortgage Company & Address Homeway Mortgage LLC
23218 Red River Dr.
Katy, TX 77494
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  
Total Number of Mortgage Applications 146
Total Mortgage Loan Application Amount $35,301,000
Average Mortgage Loan Application Amount $241,787
Highest Mortgage Loan Application Amount $1,293,000
Average Applicant Income $135,698
Highest Applicant Income $1,350,000

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Act (HMDA) records Homeway Mortgage LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

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Mortgage Loan Application Detail Totals for Homeway Mortgage LLC 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 115 $27,880,000 $242,000 $1,293,000 $134,000 $1,350,000
Refinancing 31 $7,421,000 $239,000 $750,000 $142,000 $304,000
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 92 $23,537,000 $255,000 $1,125,000 $155,000 $1,350,000
Hispanic 32 $5,526,000 $172,000 $424,000 $82,000 $305,000
Black or African American 12 $3,044,000 $253,000 $750,000 $115,000 $304,000
Asian 6 $2,586,000 $431,000 $1,293,000 $205,000 $474,000
Not Provided 4 $608,000 $152,000 $262,000 $69,000 $160,000
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) 93 $25,109,000 $269,000 $1,293,000 $168,000 $1,350,000
FHA-insured (Federal Housing Administration) 45 $8,504,000 $188,000 $324,000 $79,000 $222,000
VA-guaranteed (Veterans Administration) 8 $1,688,000 $211,000 $334,000 $73,000 $142,000
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 111 $26,731,000 $240,000 $1,293,000 $134,000 $988,000
Application Withdrawn By Applicant 30 $6,552,000 $218,000 $750,000 $105,000 $384,000
Application Denied By Financial Institution 5 $2,018,000 $403,000 $1,000,000 $355,000 $1,350,000
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
Credit History 3 $726,000 $242,000 $358,000 $108,000 $162,000
Collateral 1 $292,000 $292,000 $292,000 $99,000 $99,000
Insufficient Cash (Downpayment, Closing Cost) 1 $1,000,000 $1,000,000 $1,000,000 $1,350,000 $1,350,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Homeway Mortgage LLC'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 Homeway Mortgage 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.
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