Infinity Mortgage Holdings, LLC Mortgage Lending & HMDA Data, 2022

In 2022, Infinity Mortgage Holdings, LLC of Austin, TX reported 124 mortgage applications totaling $34.7 million, down 85% from 2021. The average application was for $280,000, and applicants reported an average income of $119,677. 71% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Lubbock, TX (35), Odessa, TX (20) and Austin-Round Rock, TX (11) (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 2022  2021  2020  2019  
Total Number of Mortgage Applications 124
Total Mortgage Loan Application Amount $34,720,000
Average Mortgage Loan Application Amount $280,000
Highest Mortgage Loan Application Amount $1,685,000
Average Applicant Income $119,677
Highest Applicant Income $775,000

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records Infinity Mortgage Holdings, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022

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 88 $21,730,000 $246,000 $1,685,000 $107,000 $626,000
Cash-out Refinancing 24 $8,160,000 $340,000 $1,605,000 $124,000 $384,000
Refinancing 12 $4,830,000 $402,000 $1,675,000 $204,000 $775,000
Home Improvement 0 $0 $0 $0 $0 $0
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 57 $19,285,000 $338,000 $1,685,000 $149,000 $775,000
Hispanic 33 $7,175,000 $217,000 $495,000 $86,000 $160,000
Not Provided 23 $5,855,000 $254,000 $1,205,000 $117,000 $437,000
Black or African American 7 $1,685,000 $240,000 $415,000 $82,000 $135,000
Asian 3 $485,000 $161,000 $215,000 $62,000 $113,000
American Indian or Alaskan Native 1 $235,000 $235,000 $235,000 $132,000 $132,000
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) 84 $25,450,000 $302,000 $1,685,000 $141,000 $775,000
FHA-insured (Federal Housing Administration) 37 $7,965,000 $215,000 $365,000 $78,000 $160,000
VA-guaranteed (Veterans Administration) 3 $1,305,000 $435,000 $645,000 $56,000 $74,000
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
Loan Originated 88 $23,030,000 $261,000 $1,675,000 $112,000 $775,000
Application Withdrawn By Applicant 24 $7,820,000 $325,000 $1,205,000 $148,000 $588,000
Application Denied By Financial Institution 7 $1,445,000 $206,000 $365,000 $96,000 $142,000
File Closed For Incompleteness 4 $740,000 $185,000 $275,000 $52,000 $67,000
Application Approved But Not Accepted 1 $1,685,000 $1,685,000 $1,685,000 $626,000 $626,000
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
Not applicable 117 $33,275,000 $284,000 $1,685,000 $121,000 $775,000
Credit History 3 $575,000 $191,000 $245,000 $86,000 $93,000
Debt-To-Income Ratio 1 $365,000 $365,000 $365,000 $142,000 $142,000
Other 1 $235,000 $235,000 $235,000 $67,000 $67,000
Unverifiable Information 1 $215,000 $215,000 $215,000 $75,000 $75,000
Collateral 1 $55,000 $55,000 $55,000 $131,000 $131,000
Credit Application Incomplete 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 Infinity Mortgage Holdings, LLC's 2022 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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