Horizon Mortgage & Investment Mortgage Lending & HMDA Data, 2004
In 2004, Horizon Mortgage & Investment of Tacoma, WA reported 588 mortgage applications totaling $77.0 million. The average application was for $131,006, and applicants reported an average income of $66,921. 89% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Tacoma, WA (329), Olympia, WA (127) and Seattle-Bellevue-Everett, WA (42) (applications in parentheses).
| Mortgage Company & Address | Horizon Mortgage & Investment 15 Oregon Ave. Suite 307 Tacoma, WA 98409 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 |
| Total Number of Mortgage Applications | 588 |
| Total Mortgage Loan Application Amount | $77,032,000 |
| Average Mortgage Loan Application Amount | $131,006 |
| Highest Mortgage Loan Application Amount | $1,200,000 |
| Average Applicant Income | $66,921 |
| Highest Applicant Income | $513,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Horizon Mortgage & Investment filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Horizon Mortgage & Investment in 2004
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 | 331 | $41,445,000 | $174,666 | $492,000 | $64,666 | $241,000 |
| Refinancing | 256 | $35,385,000 | $88,750 | $1,200,000 | $42,500 | $513,000 |
| Home Improvement | 1 | $202,000 | $202,000 | $202,000 | $89,000 | $89,000 |
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 | 475 | $61,646,000 | $125,400 | $1,200,000 | $50,600 | $513,000 |
| Black or African American | 45 | $6,224,000 | $138,000 | $400,000 | $77,000 | $181,000 |
| Hispanic | 22 | $2,476,000 | $112,000 | $293,000 | $52,000 | $108,000 |
| Asian | 22 | $3,138,000 | $142,000 | $356,000 | $70,000 | $204,000 |
| Not Provided | 14 | $2,245,000 | $160,000 | $436,000 | $84,000 | $170,000 |
| American Indian or Alaskan Native | 5 | $425,000 | $85,000 | $178,000 | $47,000 | $63,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $878,000 | $175,000 | $197,000 | $65,000 | $84,000 |
| 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) | 497 | $63,123,000 | $129,200 | $1,200,000 | $51,600 | $513,000 |
| FHA-insured (Federal Housing Administration) | 51 | $7,053,000 | $118,000 | $206,000 | $45,000 | $89,000 |
| VA-guaranteed (Veterans Administration) | 40 | $6,856,000 | $171,000 | $265,000 | $59,000 | $98,000 |
| 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 | 521 | $67,707,000 | $125,400 | $600,000 | $51,200 | $513,000 |
| Application Withdrawn By Applicant | 31 | $4,230,000 | $136,000 | $338,000 | $77,000 | $190,000 |
| Application Denied By Financial Institution | 30 | $4,322,000 | $144,000 | $1,200,000 | $55,000 | $220,000 |
| Application Approved But Not Accepted | 6 | $773,000 | $128,000 | $204,000 | $55,000 | $77,000 |
| 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 Application Incomplete | 26 | $3,822,000 | $147,000 | $1,200,000 | $58,000 | $220,000 |
| Debt-To-Income Ratio | 2 | $215,000 | $107,000 | $144,000 | $29,000 | $35,000 |
| Credit History | 1 | $135,000 | $135,000 | $135,000 | $56,000 | $56,000 |
| Other | 1 | $150,000 | $150,000 | $150,000 | $49,000 | $49,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Horizon Mortgage & Investment's 2004 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 Horizon Mortgage & Investment'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 Washington, download the full spreadsheet
with aggregated HMDA statistics today.
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