Iapprove Lending Mortgage Lending & HMDA Data, 2018

In 2018, Iapprove Lending of Satna Ana, CA reported 233 mortgage applications totaling $87.8 million, down 42% from 2017. The average application was for $377,017, and applicants reported an average income of $91,072. 70% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Anaheim-Santa Ana-Irvine, CA (181), Washington-Arlington-Alexandria, DC-VA-MD-WV (28) and Phoenix-Mesa-Scottsdale, AZ (14) (applications in parentheses).

Mortgage Company & Address Iapprove Lending
3130 S Harbor Blvd Ste 520
Satna Ana, CA 92704
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  2017  2016  
Total Number of Mortgage Applications 233
Total Mortgage Loan Application Amount $87,845,000
Average Mortgage Loan Application Amount $377,017
Highest Mortgage Loan Application Amount $855,000
Average Applicant Income $91,072
Highest Applicant Income $416,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Iapprove Lending filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Iapprove Lending by Metropolitan Area in 2018

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Anaheim-Santa Ana-Irvine, CA 181 $ 73,115,000 $ 403,950 $ 96,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 28 $ 9,970,000 $ 356,071 $ 73,571
Phoenix-Mesa-Scottsdale, AZ 14 $ 2,600,000 $ 185,714 $ 61,000
Houston-The Woodlands-Sugar Land, TX 10 $ 2,160,000 $ 216,000 $ 97,000

Mortgage Loan Application Detail Totals for Iapprove Lending in 2018

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 123 $45,645,000 $371,000 $675,000 $92,000 $416,000
Cash-out Refinancing 62 $23,060,000 $371,000 $635,000 $81,000 $252,000
Refinancing 47 $18,665,000 $397,000 $855,000 $102,000 $416,000
Home Improvement 1 $475,000 $475,000 $475,000 $88,000 $88,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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
Asian 134 $53,380,000 $398,000 $675,000 $90,000 $416,000
Hispanic 19 $6,865,000 $361,000 $565,000 $86,000 $141,000
Black or African American 6 $1,940,000 $323,000 $425,000 $76,000 $111,000
White 6 $3,420,000 $570,000 $855,000 $129,000 $200,000
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
Not Provided 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) 215 $80,805,000 $375,000 $855,000 $92,000 $416,000
FHA-insured (Federal Housing Administration) 18 $7,040,000 $391,000 $525,000 $81,000 $147,000
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 164 $60,010,000 $365,000 $675,000 $87,000 $416,000
Application Approved But Not Accepted 50 $20,210,000 $404,000 $855,000 $96,000 $416,000
Application Withdrawn By Applicant 15 $6,355,000 $423,000 $855,000 $106,000 $220,000
File Closed For Incompleteness 3 $1,065,000 $355,000 $385,000 $138,000 $252,000
Preapproval Approved but not Accepted 1 $205,000 $205,000 $205,000 $63,000 $63,000
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Application 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
Not applicable 233 $87,845,000 $377,000 $855,000 $91,000 $416,000
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Iapprove Lending's 2018 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 Iapprove Lending'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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