Intercoastal Mortgage, LLC Mortgage Lending & HMDA Data, 2006
In 2006, Intercoastal Mortgage, LLC of Miamisburg, OH reported 34 mortgage applications totaling $6.5 million, down 81% from 2005. The average application was for $190,676, and applicants reported an average income of $67,176. 76% of its applications resulted in an originated loan and 9% were denied. Its largest market was Virginia Beach-Norfolk-Newport News, VA-NC (29).
| Mortgage Company & Address | Intercoastal Mortgage, LLC 3232 Newmark Dr. Miamisburg, OH 45342 |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 34 |
| Total Mortgage Loan Application Amount | $6,483,000 |
| Average Mortgage Loan Application Amount | $190,676 |
| Highest Mortgage Loan Application Amount | $523,000 |
| Average Applicant Income | $67,176 |
| Highest Applicant Income | $150,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Intercoastal Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Norfolk, Virginia | 9 | $ 1,646,000 | $ 182,888 | $ 48,000 |
| Currituck, North Carolina | 4 | $ 959,000 | $ 239,750 | $ 60,000 |
| Suffolk, Virginia | 4 | $ 687,000 | $ 171,750 | $ 80,000 |
| Virginia Beach, Virginia | 4 | $ 900,000 | $ 225,000 | $ 57,000 |
| Chesapeake, Virginia | 3 | $ 501,000 | $ 167,000 | $ 67,000 |
| Portsmouth, Virginia | 3 | $ 216,000 | $ 72,000 | $ 103,000 |
| Camden, North Carolina | 1 | $ 228,000 | $ 228,000 | $ 0 |
| Chowan, North Carolina | 1 | $ 185,000 | $ 185,000 | $ 96,000 |
| Gates, North Carolina | 1 | $ 168,000 | $ 168,000 | $ 60,000 |
| Franklin City, Virginia | 1 | $ 180,000 | $ 180,000 | $ 52,000 |
| Isle of Wight, Virginia | 1 | $ 480,000 | $ 480,000 | $ 150,000 |
| King George, Virginia | 1 | $ 75,000 | $ 75,000 | $ 113,000 |
| Newport News, Virginia | 1 | $ 258,000 | $ 258,000 | $ 85,000 |
Mortgage Loan Application Detail Totals for Intercoastal Mortgage, LLC 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 28 | $5,347,000 | $190,000 | $523,000 | $73,000 | $150,000 |
| Refinancing | 6 | $1,136,000 | $189,000 | $286,000 | $40,000 | $74,000 |
| 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 | 22 | $4,112,000 | $186,000 | $523,000 | $64,000 | $126,000 |
| Black or African American | 6 | $1,301,000 | $216,000 | $480,000 | $62,000 | $150,000 |
| Hispanic | 3 | $821,000 | $273,000 | $286,000 | $64,000 | $74,000 |
| Not Provided | 3 | $249,000 | $83,000 | $186,000 | $106,000 | $131,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 19 | $3,571,000 | $187,000 | $523,000 | $71,000 | $150,000 |
| VA-guaranteed (Veterans Administration) | 11 | $2,239,000 | $203,000 | $275,000 | $65,000 | $96,000 |
| FHA-insured (Federal Housing Administration) | 4 | $673,000 | $168,000 | $286,000 | $52,000 | $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 | 26 | $4,959,000 | $190,000 | $480,000 | $66,000 | $150,000 |
| Application Approved But Not Accepted | 3 | $914,000 | $304,000 | $523,000 | $53,000 | $126,000 |
| Application Denied By Financial Institution | 3 | $155,000 | $51,000 | $92,000 | $92,000 | $131,000 |
| Preapproval Denied by Financial Institution | 2 | $455,000 | $227,000 | $258,000 | $64,000 | $66,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 2 | $289,000 | $144,000 | $197,000 | $42,000 | $63,000 |
| Credit Application Incomplete | 2 | $63,000 | $31,000 | $53,000 | $127,000 | $131,000 |
| Credit History | 1 | $258,000 | $258,000 | $258,000 | $66,000 | $66,000 |
| Collateral | 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, LLC'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 Intercoastal Mortgage, 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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