Infinity Home Mortgage Co. Inc Mortgage Lending & HMDA Data, 2012
In 2012, Infinity Home Mortgage Co. Inc of Cherry Hill, NJ reported 717 mortgage applications totaling $156.5 million, down 23% from 2011. The average application was for $218,327, and applicants reported an average income of $99,058. 58% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Camden, NJ (222), Philadelphia, PA (115) and Edison-New Brunswick, NJ (83) (applications in parentheses).
| Mortgage Company & Address | Infinity Home Mortgage Co. Inc 7 Carnegie Plaza, Suite 200 Cherry Hill, NJ 08003 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 717 |
| Total Mortgage Loan Application Amount | $156,541,000 |
| Average Mortgage Loan Application Amount | $218,327 |
| Highest Mortgage Loan Application Amount | $1,400,000 |
| Average Applicant Income | $99,058 |
| Highest Applicant Income | $1,608,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Infinity Home Mortgage Co. Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Burlington, New Jersey | 100 | $ 20,091,000 | $ 200,910 | $ 80,000 |
| Philadelphia, Pennsylvania | 70 | $ 10,319,000 | $ 147,414 | $ 77,000 |
| Camden, New Jersey | 63 | $ 11,129,000 | $ 176,650 | $ 80,000 |
| Gloucester, New Jersey | 59 | $ 11,487,000 | $ 194,694 | $ 100,000 |
| Essex, New Jersey | 36 | $ 9,724,000 | $ 270,111 | $ 155,000 |
| Ocean, New Jersey | 32 | $ 7,413,000 | $ 231,656 | $ 92,000 |
| Atlantic, New Jersey | 24 | $ 4,376,000 | $ 182,333 | $ 73,000 |
| Middlesex, New Jersey | 24 | $ 6,561,000 | $ 273,375 | $ 101,000 |
| Monmouth, New Jersey | 20 | $ 6,358,000 | $ 317,900 | $ 107,000 |
| Passaic, New Jersey | 20 | $ 4,989,000 | $ 249,450 | $ 150,000 |
| Kent, Delaware | 19 | $ 4,592,000 | $ 241,684 | $ 91,000 |
| Bergen, New Jersey | 18 | $ 5,088,000 | $ 282,666 | $ 153,000 |
| Sussex, Delaware | 16 | $ 3,029,000 | $ 189,312 | $ 84,000 |
| Union, New Jersey | 16 | $ 5,395,000 | $ 337,187 | $ 133,000 |
| Montgomery, Pennsylvania | 16 | $ 3,580,000 | $ 223,750 | $ 103,000 |
| Delaware, Pennsylvania | 13 | $ 2,902,000 | $ 223,230 | $ 106,000 |
| Cape May, New Jersey | 12 | $ 2,445,000 | $ 203,750 | $ 98,000 |
| Hudson, New Jersey | 11 | $ 2,938,000 | $ 267,090 | $ 95,000 |
| Mercer, New Jersey | 10 | $ 2,408,000 | $ 240,800 | $ 76,000 |
| Allegheny, Pennsylvania | 9 | $ 1,552,000 | $ 172,444 | $ 89,000 |
| Bucks, Pennsylvania | 9 | $ 2,074,000 | $ 230,444 | $ 92,000 |
| Fairfield, Connecticut | 8 | $ 2,021,000 | $ 252,625 | $ 269,000 |
| New Castle, Delaware | 8 | $ 1,672,000 | $ 209,000 | $ 113,000 |
| Salem, New Jersey | 8 | $ 1,262,000 | $ 157,750 | $ 57,000 |
| Morris, New Jersey | 7 | $ 2,076,000 | $ 296,571 | $ 89,000 |
| Somerset, New Jersey | 7 | $ 2,347,000 | $ 335,285 | $ 95,000 |
| Berks, Pennsylvania | 7 | $ 868,000 | $ 124,000 | $ 49,000 |
| Chester, Pennsylvania | 7 | $ 2,072,000 | $ 296,000 | $ 118,000 |
| Hunterdon, New Jersey | 6 | $ 2,181,000 | $ 363,500 | $ 80,000 |
| York, Pennsylvania | 5 | $ 1,364,000 | $ 272,800 | $ 195,000 |
| Erie, Pennsylvania | 4 | $ 585,000 | $ 146,250 | $ 55,000 |
| Cumberland, New Jersey | 3 | $ 468,000 | $ 156,000 | $ 92,000 |
| Warren, New Jersey | 3 | $ 857,000 | $ 285,666 | $ 84,000 |
| Adams, Pennsylvania | 3 | $ 649,000 | $ 216,333 | $ 152,000 |
| Lancaster, Pennsylvania | 3 | $ 735,000 | $ 245,000 | $ 120,000 |
| New Haven, Connecticut | 2 | $ 451,000 | $ 225,500 | $ 54,000 |
| Windham, Connecticut | 2 | $ 474,000 | $ 237,000 | $ 60,000 |
| Okaloosa, Florida | 2 | $ 254,000 | $ 127,000 | $ 41,000 |
| Prince George's, Maryland | 2 | $ 619,000 | $ 309,500 | $ 116,000 |
| Sussex, New Jersey | 2 | $ 768,000 | $ 384,000 | $ 128,000 |
| Butler, Pennsylvania | 2 | $ 666,000 | $ 333,000 | $ 125,000 |
| Lebanon, Pennsylvania | 2 | $ 366,000 | $ 183,000 | $ 55,000 |
| Lehigh, Pennsylvania | 2 | $ 454,000 | $ 227,000 | $ 125,000 |
| Northampton, Pennsylvania | 2 | $ 514,000 | $ 257,000 | $ 98,000 |
| Prince George, Virginia | 2 | $ 394,000 | $ 197,000 | $ 508,000 |
| Hartford, Connecticut | 1 | $ 168,000 | $ 168,000 | $ 29,000 |
| Baltimore City, Maryland | 1 | $ 94,000 | $ 94,000 | $ 30,000 |
| Carroll, Maryland | 1 | $ 370,000 | $ 370,000 | $ 72,000 |
| Cecil, Maryland | 1 | $ 286,000 | $ 286,000 | $ 100,000 |
| Howard, Maryland | 1 | $ 180,000 | $ 180,000 | $ 163,000 |
| Somerset, Maryland | 1 | $ 209,000 | $ 209,000 | $ 115,000 |
| Broome, New York | 1 | $ 200,000 | $ 200,000 | $ 60,000 |
| Cabarrus, North Carolina | 1 | $ 242,000 | $ 242,000 | $ 70,000 |
| Mecklenburg, North Carolina | 1 | $ 162,000 | $ 162,000 | $ 51,000 |
| New Hanover, North Carolina | 1 | $ 352,000 | $ 352,000 | $ 138,000 |
| Blair, Pennsylvania | 1 | $ 132,000 | $ 132,000 | $ 50,000 |
| Cambria, Pennsylvania | 1 | $ 150,000 | $ 150,000 | $ 46,000 |
| Carbon, Pennsylvania | 1 | $ 117,000 | $ 117,000 | $ 112,000 |
| Centre, Pennsylvania | 1 | $ 86,000 | $ 86,000 | $ 27,000 |
| Columbia, Pennsylvania | 1 | $ 110,000 | $ 110,000 | $ 30,000 |
| Dauphin, Pennsylvania | 1 | $ 318,000 | $ 318,000 | $ 124,000 |
| Franklin, Pennsylvania | 1 | $ 203,000 | $ 203,000 | $ 122,000 |
| Lackawanna, Pennsylvania | 1 | $ 104,000 | $ 104,000 | $ 44,000 |
| Luzerne, Pennsylvania | 1 | $ 129,000 | $ 129,000 | $ 39,000 |
| Lycoming, Pennsylvania | 1 | $ 175,000 | $ 175,000 | $ 49,000 |
| Wayne, Pennsylvania | 1 | $ 187,000 | $ 187,000 | $ 71,000 |
Mortgage Loan Application Detail Totals for Infinity Home Mortgage Co. Inc in 2012
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 |
|---|---|---|---|---|---|---|
| Refinancing | 516 | $119,298,000 | $231,000 | $1,400,000 | $106,000 | $1,608,000 |
| Home Purchase | 193 | $35,541,000 | $184,000 | $900,000 | $81,000 | $508,000 |
| Home Improvement | 8 | $1,702,000 | $212,000 | $310,000 | $87,000 | $196,000 |
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 | 493 | $110,739,000 | $224,000 | $1,400,000 | $99,000 | $1,608,000 |
| Not Provided | 73 | $15,900,000 | $217,000 | $599,000 | $132,000 | $1,440,000 |
| Black or African American | 71 | $15,074,000 | $212,000 | $900,000 | $73,000 | $240,000 |
| Hispanic | 58 | $9,523,000 | $164,000 | $417,000 | $92,000 | $1,200,000 |
| Asian | 21 | $5,200,000 | $247,000 | $680,000 | $100,000 | $224,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $105,000 | $105,000 | $105,000 | $25,000 | $25,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 352 | $74,404,000 | $211,000 | $743,000 | $83,000 | $1,440,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 341 | $76,976,000 | $225,000 | $1,400,000 | $117,000 | $1,608,000 |
| VA-guaranteed (Veterans Administration) | 16 | $3,665,000 | $229,000 | $422,000 | $81,000 | $152,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $1,496,000 | $187,000 | $260,000 | $67,000 | $87,000 |
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 | 417 | $90,025,000 | $215,000 | $743,000 | $90,000 | $1,200,000 |
| Application Withdrawn By Applicant | 187 | $42,122,000 | $225,000 | $900,000 | $119,000 | $1,608,000 |
| Application Denied By Financial Institution | 81 | $15,748,000 | $194,000 | $709,000 | $92,000 | $552,000 |
| File Closed For Incompleteness | 30 | $8,176,000 | $272,000 | $1,400,000 | $114,000 | $902,000 |
| Application Approved But Not Accepted | 2 | $470,000 | $235,000 | $362,000 | $151,000 | $261,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 4 | $825,000 | $206,000 | $270,000 | $302,000 | $508,000 |
| Collateral | 3 | $1,279,000 | $426,000 | $617,000 | $163,000 | $300,000 |
| Debt-To-Income Ratio | 3 | $526,000 | $175,000 | $185,000 | $53,000 | $58,000 |
| Credit History | 1 | $178,000 | $178,000 | $178,000 | $76,000 | $76,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Infinity Home Mortgage Co. Inc's 2012 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 Home Mortgage Co. Inc'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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