Genway Home Mortgage, Inc. Mortgage Lending & HMDA Data, 2024
In 2024, Genway Home Mortgage, Inc. of Frisco, TX reported 1,075 mortgage applications totaling $469.7 million, up 280% from 2023. The average application was for $436,944, and applicants reported an average income of $165,210. 34% of its applications resulted in an originated loan and 31% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (138), Los Angeles-Long Beach-Glendale, CA (134) and Bakersfield, CA (51) (applications in parentheses).
| Mortgage Company & Address | Genway Home Mortgage, Inc. 3211 Internet Boulevard, Suite 300 Frisco, TX 75034 |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 1,075 |
| Total Mortgage Loan Application Amount | $469,715,000 |
| Average Mortgage Loan Application Amount | $436,944 |
| Highest Mortgage Loan Application Amount | $3,005,000 |
| Average Applicant Income | $165,210 |
| Highest Applicant Income | $6,538,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Genway Home Mortgage, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Genway Home Mortgage, Inc. in 2024
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 | 831 | $338,035,000 | $406,000 | $2,945,000 | $161,000 | $6,538,000 |
| Refinancing | 197 | $104,565,000 | $530,000 | $3,005,000 | $173,000 | $1,896,000 |
| Home Improvement | 47 | $27,115,000 | $576,000 | $2,105,000 | $207,000 | $2,700,000 |
| Cash-out Refinancing | 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 |
|---|---|---|---|---|---|---|
| Hispanic | 346 | $142,830,000 | $412,000 | $2,485,000 | $158,000 | $6,538,000 |
| White | 266 | $126,270,000 | $474,000 | $3,005,000 | $170,000 | $1,896,000 |
| Not Provided | 224 | $115,660,000 | $516,000 | $2,945,000 | $196,000 | $2,255,000 |
| Black or African American | 157 | $46,255,000 | $294,000 | $805,000 | $119,000 | $491,000 |
| Asian | 70 | $33,840,000 | $483,000 | $1,505,000 | $192,000 | $1,400,000 |
| American Indian or Alaskan Native | 8 | $2,730,000 | $341,000 | $995,000 | $102,000 | $289,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,975,000 | $658,000 | $995,000 | $101,000 | $127,000 |
| Not applicable | 1 | $155,000 | $155,000 | $155,000 | $45,000 | $45,000 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 537 | $239,075,000 | $445,000 | $1,155,000 | $124,000 | $2,255,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 486 | $208,890,000 | $429,000 | $3,005,000 | $216,000 | $6,538,000 |
| VA-guaranteed (Veterans Administration) | 29 | $15,885,000 | $547,000 | $1,285,000 | $129,000 | $253,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 23 | $5,865,000 | $255,000 | $785,000 | $90,000 | $288,000 |
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 | 362 | $160,530,000 | $443,000 | $2,945,000 | $165,000 | $1,834,000 |
| Application Denied By Financial Institution | 330 | $141,030,000 | $427,000 | $2,855,000 | $151,000 | $2,700,000 |
| Application Withdrawn By Applicant | 298 | $125,660,000 | $421,000 | $3,005,000 | $171,000 | $6,538,000 |
| File Closed For Incompleteness | 84 | $42,080,000 | $500,000 | $1,615,000 | $195,000 | $1,197,000 |
| Application Approved But Not Accepted | 1 | $415,000 | $415,000 | $415,000 | $87,000 | $87,000 |
| 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 | 745 | $328,685,000 | $441,000 | $3,005,000 | $171,000 | $6,538,000 |
| Debt-To-Income Ratio | 97 | $35,965,000 | $370,000 | $1,945,000 | $116,000 | $2,255,000 |
| Unverifiable Information | 74 | $32,290,000 | $436,000 | $1,575,000 | $134,000 | $622,000 |
| Other | 49 | $22,725,000 | $463,000 | $1,925,000 | $137,000 | $716,000 |
| Credit History | 46 | $18,120,000 | $393,000 | $2,855,000 | $156,000 | $1,478,000 |
| Collateral | 36 | $21,320,000 | $592,000 | $2,455,000 | $297,000 | $2,700,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 22 | $8,270,000 | $375,000 | $805,000 | $133,000 | $387,000 |
| Employment History | 5 | $2,055,000 | $411,000 | $695,000 | $195,000 | $450,000 |
| Credit Application Incomplete | 1 | $285,000 | $285,000 | $285,000 | $303,000 | $303,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Genway Home Mortgage, Inc.'s 2024 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 Genway Home Mortgage, Inc.'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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