Infinity Mortgage Holdings, LLC Mortgage Lending & HMDA Data, 2018

In 2018, Infinity Mortgage Holdings, LLC of Austin, TX reported 505 mortgage applications totaling $122.6 million, down 22% from 2017. The average application was for $242,801, and applicants reported an average income of $111,609. 71% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Austin-Round Rock, TX (323), Houston-The Woodlands-Sugar Land, TX (65) and Dallas-Plano-Irving, TX (35) (applications in parentheses).

Mortgage Company & Address Infinity Mortgage Holdings, LLC
3420 Executive Center Drive, Suite G100
Austin, TX 78731
Tel #: available with data download
Federal Regulator * available with data download
Years 2018  2017  
Total Number of Mortgage Applications 505
Total Mortgage Loan Application Amount $122,615,000
Average Mortgage Loan Application Amount $242,801
Highest Mortgage Loan Application Amount $1,105,000
Average Applicant Income $111,609
Highest Applicant Income $2,294,000

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records Infinity Mortgage Holdings, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

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Mortgage Loan Application Detail Totals for Infinity Mortgage Holdings, LLC 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 441 $109,775,000 $248,000 $1,105,000 $114,000 $2,294,000
Refinancing 31 $6,455,000 $208,000 $415,000 $103,000 $900,000
Cash-out Refinancing 20 $3,970,000 $198,000 $325,000 $98,000 $202,000
Home Improvement 13 $2,415,000 $185,000 $365,000 $72,000 $179,000
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
White 285 $73,535,000 $258,000 $1,105,000 $114,000 $2,294,000
Hispanic 105 $20,975,000 $199,000 $455,000 $100,000 $1,181,000
Not Provided 54 $14,000,000 $259,000 $1,005,000 $131,000 $900,000
Black or African American 39 $8,525,000 $218,000 $405,000 $87,000 $217,000
Asian 17 $4,355,000 $256,000 $735,000 $138,000 $342,000
American Indian or Alaskan Native 4 $830,000 $207,000 $405,000 $80,000 $100,000
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) 381 $96,225,000 $252,000 $1,105,000 $123,000 $2,294,000
FHA-insured (Federal Housing Administration) 91 $18,105,000 $198,000 $405,000 $70,000 $168,000
VA-guaranteed (Veterans Administration) 25 $6,855,000 $274,000 $425,000 $100,000 $277,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 8 $1,430,000 $178,000 $275,000 $60,000 $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 359 $86,215,000 $240,000 $455,000 $105,000 $900,000
Application Withdrawn By Applicant 122 $32,480,000 $266,000 $1,105,000 $130,000 $2,294,000
Application Denied By Financial Institution 11 $1,515,000 $137,000 $315,000 $55,000 $130,000
Application Approved But Not Accepted 9 $1,625,000 $180,000 $305,000 $73,000 $179,000
File Closed For Incompleteness 3 $545,000 $181,000 $225,000 $441,000 $1,181,000
Preapproval Approved but not Accepted 1 $235,000 $235,000 $235,000 $112,000 $112,000
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
Loan Purchased By The 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
Debt-To-Income Ratio 505 $122,615,000 $242,000 $1,105,000 $112,000 $2,294,000
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
Not applicable 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Infinity Mortgage Holdings, LLC'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 Infinity Mortgage Holdings, LLC'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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