Horizon Nw Home Mortgage Mortgage Lending & HMDA Data, 2008
In 2008, Horizon Nw Home Mortgage of Spokane Valley, WA reported 218 mortgage applications totaling $35.7 million. The average application was for $163,839, and applicants reported an average income of $58,724. 0% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Spokane, WA (103), Coeur D'Alene, ID (25) and Kennewick-Pasco-Richland, WA (1) (applications in parentheses).
| Mortgage Company & Address | Horizon Nw Home Mortgage 13224 E Mansfield Ave, Ste 110 Spokane Valley, WA 99216 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 |
| Total Number of Mortgage Applications | 218 |
| Total Mortgage Loan Application Amount | $35,717,000 |
| Average Mortgage Loan Application Amount | $163,839 |
| Highest Mortgage Loan Application Amount | $596,000 |
| Average Applicant Income | $58,724 |
| Highest Applicant Income | $388,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Horizon Nw Home Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Nw Home Mortgage 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 | 114 | $16,823,000 | $147,000 | $572,000 | $53,000 | $244,000 |
| Refinancing | 104 | $18,894,000 | $181,000 | $596,000 | $65,000 | $388,000 |
| 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 | 173 | $27,566,000 | $159,000 | $596,000 | $58,000 | $388,000 |
| Not Provided | 30 | $5,956,000 | $198,000 | $572,000 | $67,000 | $133,000 |
| Hispanic | 8 | $1,281,000 | $160,000 | $230,000 | $46,000 | $62,000 |
| American Indian or Alaskan Native | 5 | $596,000 | $119,000 | $166,000 | $38,000 | $63,000 |
| Asian | 2 | $318,000 | $159,000 | $168,000 | $38,000 | $41,000 |
| Black or African American | 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) | 152 | $25,473,000 | $167,000 | $596,000 | $62,000 | $388,000 |
| FHA-insured (Federal Housing Administration) | 54 | $8,675,000 | $160,000 | $275,000 | $51,000 | $116,000 |
| VA-guaranteed (Veterans Administration) | 12 | $1,569,000 | $130,000 | $189,000 | $41,000 | $64,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 177 | $29,164,000 | $164,000 | $596,000 | $59,000 | $388,000 |
| Application Denied By Financial Institution | 35 | $5,678,000 | $162,000 | $572,000 | $57,000 | $128,000 |
| File Closed For Incompleteness | 5 | $735,000 | $147,000 | $247,000 | $50,000 | $116,000 |
| Application Approved But Not Accepted | 1 | $140,000 | $140,000 | $140,000 | $60,000 | $60,000 |
| Loan Originated | 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 | 10 | $1,348,000 | $134,000 | $246,000 | $43,000 | $102,000 |
| Collateral | 7 | $1,204,000 | $172,000 | $253,000 | $65,000 | $79,000 |
| Debt-To-Income Ratio | 5 | $690,000 | $138,000 | $203,000 | $62,000 | $128,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $984,000 | $246,000 | $572,000 | $55,000 | $122,000 |
| Other | 2 | $423,000 | $211,000 | $222,000 | $56,000 | $62,000 |
| Employment History | 2 | $335,000 | $167,000 | $245,000 | $83,000 | $118,000 |
| Unverifiable Information | 1 | $165,000 | $165,000 | $165,000 | $120,000 | $120,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Horizon Nw Home Mortgage'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 Horizon Nw Home Mortgage'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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