Infinity Funding Plc Mortgage Lending & HMDA Data, 2015

In 2015, Infinity Funding Plc of Tucson, AZ reported 47 mortgage applications totaling $7.0 million, down 84% from 2014. The average application was for $149,617, and applicants reported an average income of $76,936. 91% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Tucson, AZ (38), Sierra Vista-Douglas, AZ (4) and Phoenix-Mesa-Scottsdale, AZ (2) (applications in parentheses).

Mortgage Company & Address Infinity Funding Plc
1585 E River Rd Suite 201
Tucson, AZ 85718
Tel #: available with data download
Federal Regulator * available with data download
Years 2015  2014  2013  2012  2011  2010  2009  2008  
Total Number of Mortgage Applications 47
Total Mortgage Loan Application Amount $7,032,000
Average Mortgage Loan Application Amount $149,617
Highest Mortgage Loan Application Amount $429,000
Average Applicant Income $76,936
Highest Applicant Income $318,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Infinity Funding Plc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Infinity Funding Plc by County in 2015

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Pima, Arizona 38 $ 5,522,000 $ 145,315 $ 73,000
Cochise, Arizona 4 $ 486,000 $ 121,500 $ 51,000
Maricopa, Arizona 2 $ 354,000 $ 177,000 $ 198,000
Santa Cruz, Arizona 2 $ 412,000 $ 206,000 $ 89,000
Riverside, California 1 $ 258,000 $ 258,000 $ 84,000

Mortgage Loan Application Detail Totals for Infinity Funding Plc in 2015

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 32 $4,340,000 $135,000 $258,000 $68,000 $219,000
Refinancing 15 $2,692,000 $179,000 $429,000 $96,000 $318,000
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
Hispanic 35 $5,184,000 $148,000 $293,000 $80,000 $318,000
White 12 $1,848,000 $154,000 $429,000 $70,000 $182,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 0 $0 $0 $0 $0 $0
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
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) 23 $3,619,000 $157,000 $429,000 $104,000 $318,000
FHA-insured (Federal Housing Administration) 12 $1,703,000 $141,000 $221,000 $49,000 $126,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 10 $1,405,000 $140,000 $258,000 $49,000 $84,000
VA-guaranteed (Veterans Administration) 2 $305,000 $152,000 $160,000 $73,000 $79,000

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 43 $6,460,000 $150,000 $429,000 $78,000 $318,000
Application Withdrawn By Applicant 4 $572,000 $143,000 $177,000 $67,000 $134,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Application Denied By Financial Institution 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
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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Infinity Funding Plc's 2015 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 Infinity Funding Plc'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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