Intercoastal Mortgage Co. Mortgage Lending & HMDA Data, 2004
In 2004, Intercoastal Mortgage Co. of Winter Park, FL reported 63 mortgage applications totaling $8.4 million. The average application was for $133,682, and applicants reported an average income of $58,000. 3% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Orlando, FL (18), Deltona-Daytona Beach-Ormond Beach, FL (17) and Miami-Miami Beach-Kendall, FL (5) (applications in parentheses).
| Mortgage Company & Address | Intercoastal Mortgage Co. 1 Purlieu Place, Suite 130 Winter Park, FL 32792 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 |
| Total Number of Mortgage Applications | 63 |
| Total Mortgage Loan Application Amount | $8,422,000 |
| Average Mortgage Loan Application Amount | $133,682 |
| Highest Mortgage Loan Application Amount | $334,000 |
| Average Applicant Income | $58,000 |
| Highest Applicant Income | $151,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Intercoastal Mortgage Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Volusia, Florida | 17 | $ 1,717,000 | $ 101,000 | $ 33,000 |
| Orange, Florida | 10 | $ 1,313,000 | $ 131,300 | $ 54,000 |
| Seminole, Florida | 7 | $ 740,000 | $ 105,714 | $ 45,000 |
| Miami-Dade, Florida | 5 | $ 896,000 | $ 179,200 | $ 105,000 |
| Palm Beach, Florida | 4 | $ 937,000 | $ 234,250 | $ 109,000 |
| Brevard, Florida | 2 | $ 191,000 | $ 95,500 | $ 28,000 |
| Broward, Florida | 2 | $ 156,000 | $ 78,000 | $ 33,000 |
| Duval, Florida | 2 | $ 352,000 | $ 176,000 | $ 82,000 |
| Hillsborough, Florida | 2 | $ 302,000 | $ 151,000 | $ 61,000 |
| Pasco, Florida | 2 | $ 258,000 | $ 129,000 | $ 37,000 |
| Polk, Florida | 2 | $ 408,000 | $ 204,000 | $ 55,000 |
| Alachua, Florida | 1 | $ 126,000 | $ 126,000 | $ 51,000 |
| Collier, Florida | 1 | $ 245,000 | $ 245,000 | $ 85,000 |
| Lake, Florida | 1 | $ 92,000 | $ 92,000 | $ 36,000 |
| Levy, Florida | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Pinellas, Florida | 1 | $ 334,000 | $ 334,000 | $ 146,000 |
| Santa Rosa, Florida | 1 | $ 104,000 | $ 104,000 | $ 85,000 |
| Walton, Florida | 1 | $ 53,000 | $ 53,000 | $ 34,000 |
| Fayette, Georgia | 1 | $ 98,000 | $ 98,000 | $ 140,000 |
Mortgage Loan Application Detail Totals for Intercoastal Mortgage Co. in 2004
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 | 36 | $4,686,000 | $130,000 | $322,000 | $55,000 | $151,000 |
| Refinancing | 27 | $3,736,000 | $118,500 | $334,000 | $99,500 | $150,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 37 | $5,383,000 | $122,000 | $334,000 | $96,500 | $150,000 |
| Not Provided | 16 | $2,063,000 | $128,000 | $322,000 | $63,000 | $124,000 |
| Black or African American | 4 | $305,000 | $76,000 | $165,000 | $67,000 | $151,000 |
| Hispanic | 4 | $475,000 | $118,000 | $155,000 | $58,000 | $96,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $104,000 | $104,000 | $104,000 | $50,000 | $50,000 |
| Not applicable | 1 | $92,000 | $92,000 | $92,000 | $36,000 | $36,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 50 | $6,828,000 | $117,500 | $334,000 | $100,000 | $151,000 |
| FHA-insured (Federal Housing Administration) | 12 | $1,452,000 | $121,000 | $280,000 | $46,000 | $96,000 |
| VA-guaranteed (Veterans Administration) | 1 | $142,000 | $142,000 | $142,000 | $51,000 | $51,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 41 | $6,091,000 | $148,000 | $334,000 | $60,000 | $146,000 |
| Application Denied By Financial Institution | 14 | $1,509,000 | $107,000 | $280,000 | $38,000 | $75,000 |
| Application Approved But Not Accepted | 6 | $621,000 | $101,000 | $220,000 | $115,500 | $151,000 |
| Loan Originated | 2 | $201,000 | $100,000 | $101,000 | $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 |
| File Closed For Incompleteness | 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 Intercoastal Mortgage Co.'s 2004 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 Intercoastal Mortgage Co.'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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