Instant Capital Funding Mortgage Lending & HMDA Data, 2006
In 2006, Instant Capital Funding of Orange, CA reported 965 mortgage applications totaling $280.9 million, up 56% from 2005. The average application was for $291,069, and applicants reported an average income of $90,554. 57% of its applications resulted in an originated loan and 42% were denied. Its largest markets were Las Vegas-Paradise, NV (263), Los Angeles-Long Beach-Glendale, CA (150) and Riverside-San Bernardino-Ontario, CA (127) (applications in parentheses).
| Mortgage Company & Address | Instant Capital Funding 1045 W Katella Ave, Ste 390 Orange, CA 92867 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 |
| Total Number of Mortgage Applications | 965 |
| Total Mortgage Loan Application Amount | $280,882,000 |
| Average Mortgage Loan Application Amount | $291,069 |
| Highest Mortgage Loan Application Amount | $1,540,000 |
| Average Applicant Income | $90,554 |
| Highest Applicant Income | $4,673,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Instant Capital Funding filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Clark, Nevada | 263 | $ 56,861,000 | $ 216,201 | $ 82,000 |
| Los Angeles, California | 150 | $ 50,347,000 | $ 335,646 | $ 118,000 |
| Orange, California | 87 | $ 33,312,000 | $ 382,896 | $ 89,000 |
| San Bernardino, California | 70 | $ 18,000,000 | $ 257,142 | $ 77,000 |
| Honolulu, Hawaii | 69 | $ 26,321,000 | $ 381,463 | $ 96,000 |
| Riverside, California | 57 | $ 15,116,000 | $ 265,192 | $ 94,000 |
| Hawaii, Hawaii | 55 | $ 14,827,000 | $ 269,581 | $ 66,000 |
| Maui, Hawaii | 36 | $ 17,022,000 | $ 472,833 | $ 111,000 |
| San Diego, California | 31 | $ 11,393,000 | $ 367,516 | $ 92,000 |
| Maricopa, Arizona | 23 | $ 4,372,000 | $ 190,086 | $ 62,000 |
| District of Columbia, District Of Columbia | 19 | $ 6,190,000 | $ 325,789 | $ 89,000 |
| Ventura, California | 12 | $ 4,200,000 | $ 350,000 | $ 105,000 |
| Kauai, Hawaii | 9 | $ 2,757,000 | $ 306,333 | $ 107,000 |
| Bernalillo, New Mexico | 7 | $ 1,359,000 | $ 194,142 | $ 75,000 |
| Kings, California | 6 | $ 1,080,000 | $ 180,000 | $ 50,000 |
| Broward, Florida | 5 | $ 1,569,000 | $ 313,800 | $ 93,000 |
| Fresno, California | 3 | $ 688,000 | $ 229,333 | $ 88,000 |
| Prince George's, Maryland | 3 | $ 734,000 | $ 244,666 | $ 77,000 |
| Hennepin, Minnesota | 3 | $ 487,000 | $ 162,333 | $ 72,000 |
| Washoe, Nevada | 3 | $ 1,108,000 | $ 369,333 | $ 24,000 |
| Kern, California | 2 | $ 649,000 | $ 324,500 | $ 82,000 |
| Madera, California | 2 | $ 600,000 | $ 300,000 | $ 69,000 |
| Placer, California | 2 | $ 558,000 | $ 279,000 | $ 85,000 |
| Sonoma, California | 2 | $ 361,000 | $ 180,500 | $ 102,000 |
| Bay, Florida | 2 | $ 580,000 | $ 290,000 | $ 126,000 |
| Flagler, Florida | 2 | $ 376,000 | $ 188,000 | $ 51,000 |
| Woodford, Illinois | 2 | $ 164,000 | $ 82,000 | $ 97,000 |
| Sedgwick, Kansas | 2 | $ 128,000 | $ 64,000 | $ 0 |
| Baltimore City, Maryland | 2 | $ 1,058,000 | $ 529,000 | $ 264,000 |
| Greenville, South Carolina | 2 | $ 272,000 | $ 136,000 | $ 132,000 |
| Fairfax, Virginia | 2 | $ 947,000 | $ 473,500 | $ 145,000 |
| Pierce, Washington | 2 | $ 298,000 | $ 149,000 | $ 53,000 |
| Barbour, Alabama | 1 | $ 169,000 | $ 169,000 | $ 59,000 |
| Anchorage, Alaska | 1 | $ 240,000 | $ 240,000 | $ 76,000 |
| Mohave, Arizona | 1 | $ 244,000 | $ 244,000 | $ 183,000 |
| Contra Costa, California | 1 | $ 380,000 | $ 380,000 | $ 0 |
| Imperial, California | 1 | $ 64,000 | $ 64,000 | $ 36,000 |
| Merced, California | 1 | $ 376,000 | $ 376,000 | $ 84,000 |
| Monterey, California | 1 | $ 296,000 | $ 296,000 | $ 0 |
| Sacramento, California | 1 | $ 380,000 | $ 380,000 | $ 0 |
| San Joaquin, California | 1 | $ 423,000 | $ 423,000 | $ 87,000 |
| San Mateo, California | 1 | $ 165,000 | $ 165,000 | $ 324,000 |
| Solano, California | 1 | $ 269,000 | $ 269,000 | $ 57,000 |
| Garfield, Colorado | 1 | $ 455,000 | $ 455,000 | $ 216,000 |
| Brevard, Florida | 1 | $ 64,000 | $ 64,000 | $ 0 |
| Hillsborough, Florida | 1 | $ 152,000 | $ 152,000 | $ 39,000 |
| Fulton, Georgia | 1 | $ 398,000 | $ 398,000 | $ 95,000 |
| Twin Falls, Idaho | 1 | $ 116,000 | $ 116,000 | $ 47,000 |
| Linn, Iowa | 1 | $ 101,000 | $ 101,000 | $ 55,000 |
| Livingston, Kentucky | 1 | $ 90,000 | $ 90,000 | $ 22,000 |
| Anne Arundel, Maryland | 1 | $ 618,000 | $ 618,000 | $ 264,000 |
| Barnstable, Massachusetts | 1 | $ 240,000 | $ 240,000 | $ 71,000 |
| Van Buren, Michigan | 1 | $ 168,000 | $ 168,000 | $ 73,000 |
| Jackson, Missouri | 1 | $ 131,000 | $ 131,000 | $ 78,000 |
| White Pine, Nevada | 1 | $ 131,000 | $ 131,000 | $ 48,000 |
| Hillsborough, New Hampshire | 1 | $ 273,000 | $ 273,000 | $ 77,000 |
| Santa Fe, New Mexico | 1 | $ 300,000 | $ 300,000 | $ 125,000 |
| Multnomah, Oregon | 1 | $ 176,000 | $ 176,000 | $ 51,000 |
| Sumter, South Carolina | 1 | $ 75,000 | $ 75,000 | $ 58,000 |
| Spokane, Washington | 1 | $ 71,000 | $ 71,000 | $ 103,000 |
| Jefferson, West Virginia | 1 | $ 419,000 | $ 419,000 | $ 300,000 |
| Sauk, Wisconsin | 1 | $ 164,000 | $ 164,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for Instant Capital Funding in 2006
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 | 880 | $258,938,000 | $294,000 | $1,540,000 | $88,000 | $4,673,000 |
| Home Purchase | 85 | $21,944,000 | $258,000 | $1,000,000 | $117,000 | $426,000 |
| 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 | 362 | $98,687,000 | $272,000 | $860,000 | $72,000 | $331,000 |
| White | 230 | $70,288,000 | $305,000 | $1,243,000 | $95,000 | $684,000 |
| Not Provided | 182 | $52,163,000 | $286,000 | $976,000 | $94,000 | $480,000 |
| Native Hawaiian or Other Pacific Islander | 73 | $23,756,000 | $325,000 | $1,540,000 | $91,000 | $360,000 |
| Asian | 57 | $18,440,000 | $323,000 | $694,000 | $180,000 | $4,673,000 |
| Black or African American | 57 | $16,621,000 | $291,000 | $713,000 | $87,000 | $324,000 |
| American Indian or Alaskan Native | 4 | $927,000 | $231,000 | $284,000 | $105,000 | $276,000 |
| 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) | 965 | $280,882,000 | $291,000 | $1,540,000 | $90,000 | $4,673,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 553 | $162,690,000 | $294,000 | $1,540,000 | $89,000 | $4,673,000 |
| Application Denied By Financial Institution | 408 | $117,536,000 | $288,000 | $1,243,000 | $92,000 | $684,000 |
| Application Approved But Not Accepted | 4 | $656,000 | $164,000 | $300,000 | $99,000 | $165,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Other | 7 | $2,566,000 | $366,000 | $520,000 | $136,000 | $420,000 |
| 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 Instant Capital Funding's 2006 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 Instant Capital Funding'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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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