Mortgage300 Corporation Mortgage Lending & HMDA Data, 2016

In 2016, Mortgage300 Corporation of Stuart, FL reported 1,730 mortgage applications totaling $245.0 million, up 3% from 2015. The average application was for $141,597, and applicants reported an average income of $62,991. 84% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Flint, MI (707), Warren-Troy-Farmington Hills, MI (470) and West Palm Beach-Boca Raton-Delray Beach, FL (92) (applications in parentheses).

Mortgage Company & Address Mortgage300 Corporation
10 Se Central Parkway Suite 325
Stuart, FL 34994
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  
Total Number of Mortgage Applications 1,730
Total Mortgage Loan Application Amount $244,963,000
Average Mortgage Loan Application Amount $141,597
Highest Mortgage Loan Application Amount $1,120,000
Average Applicant Income $62,991
Highest Applicant Income $817,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage300 Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Mortgage300 Corporation by County in 2016

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Genesee, Michigan 710 $ 91,886,000 $ 129,416 $ 63,000
Lapeer, Michigan 230 $ 30,571,000 $ 132,917 $ 54,000
Oakland, Michigan 152 $ 28,102,000 $ 184,881 $ 78,000
Palm Beach, Florida 92 $ 20,820,000 $ 226,304 $ 91,000
Wexford, Michigan 49 $ 5,238,000 $ 106,897 $ 48,000
Livingston, Michigan 48 $ 9,477,000 $ 197,437 $ 72,000
Shiawassee, Michigan 41 $ 4,195,000 $ 102,317 $ 47,000
Macomb, Michigan 34 $ 5,314,000 $ 156,294 $ 76,000
Tuscola, Michigan 31 $ 3,087,000 $ 99,580 $ 45,000
Saginaw, Michigan 23 $ 3,096,000 $ 134,608 $ 71,000
Iosco, Michigan 21 $ 1,734,000 $ 82,571 $ 58,000
St. Lucie, Florida 20 $ 3,079,000 $ 153,950 $ 59,000
Wayne, Michigan 20 $ 2,798,000 $ 139,900 $ 52,000
Martin, Florida 19 $ 4,193,000 $ 220,684 $ 85,000
Kent, Michigan 15 $ 1,919,000 $ 127,933 $ 58,000
Sanilac, Michigan 15 $ 1,268,000 $ 84,533 $ 35,000
Missaukee, Michigan 14 $ 1,553,000 $ 110,928 $ 46,000
Roscommon, Michigan 13 $ 1,382,000 $ 106,307 $ 60,000
Alcona, Michigan 12 $ 1,224,000 $ 102,000 $ 47,000
Osceola, Michigan 12 $ 1,040,000 $ 86,666 $ 42,000
Pine, Minnesota 12 $ 1,779,000 $ 148,250 $ 50,000
Antrim, Michigan 9 $ 1,031,000 $ 114,555 $ 42,000
Crawford, Michigan 7 $ 859,000 $ 122,714 $ 65,000
St. Clair, Michigan 7 $ 969,000 $ 138,428 $ 56,000
Chisago, Minnesota 7 $ 899,000 $ 128,428 $ 53,000
Clinton, Michigan 6 $ 685,000 $ 114,166 $ 55,000
Isanti, Minnesota 6 $ 959,000 $ 159,833 $ 86,000
Charlevoix, Michigan 5 $ 605,000 $ 121,000 $ 35,000
Monroe, Michigan 5 $ 1,064,000 $ 212,800 $ 90,000
Anoka, Minnesota 5 $ 930,000 $ 186,000 $ 41,000
Hillsborough, Florida 4 $ 744,000 $ 186,000 $ 41,000
Clare, Michigan 4 $ 404,000 $ 101,000 $ 42,000
Lake, Michigan 4 $ 400,000 $ 100,000 $ 70,000
Ingham, Michigan 3 $ 363,000 $ 121,000 $ 43,000
Leelanau, Michigan 3 $ 579,000 $ 193,000 $ 59,000
Lenawee, Michigan 3 $ 285,000 $ 95,000 $ 97,000
Manistee, Michigan 3 $ 319,000 $ 106,333 $ 61,000
Mason, Michigan 3 $ 249,000 $ 83,000 $ 36,000
Mecosta, Michigan 3 $ 204,000 $ 68,000 $ 29,000
Montcalm, Michigan 3 $ 481,000 $ 160,333 $ 60,000
Washtenaw, Michigan 3 $ 511,000 $ 170,333 $ 120,000
Broward, Florida 2 $ 370,000 $ 185,000 $ 68,000
Osceola, Florida 2 $ 242,000 $ 121,000 $ 26,000
Polk, Florida 2 $ 310,000 $ 155,000 $ 21,000
Volusia, Florida 2 $ 342,000 $ 171,000 $ 17,000
Arenac, Michigan 2 $ 159,000 $ 79,500 $ 51,000
Bay, Michigan 2 $ 316,000 $ 158,000 $ 56,000
Eaton, Michigan 2 $ 418,000 $ 209,000 $ 84,000
Emmet, Michigan 2 $ 188,000 $ 94,000 $ 26,000
Huron, Michigan 2 $ 226,000 $ 113,000 $ 40,000
Ionia, Michigan 2 $ 378,000 $ 189,000 $ 70,000
Ogemaw, Michigan 2 $ 401,000 $ 200,500 $ 63,000
Ottawa, Michigan 2 $ 452,000 $ 226,000 $ 63,000
Presque Isle, Michigan 2 $ 109,000 $ 54,500 $ 44,000
Kanabec, Minnesota 2 $ 258,000 $ 129,000 $ 55,000
Washington, Minnesota 2 $ 389,000 $ 194,500 $ 49,000
Clay, Florida 1 $ 138,000 $ 138,000 $ 67,000
Collier, Florida 1 $ 316,000 $ 316,000 $ 177,000
Indian River, Florida 1 $ 340,000 $ 340,000 $ 112,000
Lake, Florida 1 $ 230,000 $ 230,000 $ 92,000
Miami-Dade, Florida 1 $ 241,000 $ 241,000 $ 69,000
Sarasota, Florida 1 $ 185,000 $ 185,000 $ 53,000
St. Johns, Florida 1 $ 275,000 $ 275,000 $ 57,000
Barry, Michigan 1 $ 113,000 $ 113,000 $ 109,000
Calhoun, Michigan 1 $ 133,000 $ 133,000 $ 44,000
Cass, Michigan 1 $ 121,000 $ 121,000 $ 0
Gladwin, Michigan 1 $ 64,000 $ 64,000 $ 35,000
Grand Traverse, Michigan 1 $ 182,000 $ 182,000 $ 56,000
Isabella, Michigan 1 $ 156,000 $ 156,000 $ 58,000
Jackson, Michigan 1 $ 143,000 $ 143,000 $ 42,000
Kalkaska, Michigan 1 $ 68,000 $ 68,000 $ 18,000
Montmorency, Michigan 1 $ 102,000 $ 102,000 $ 111,000
Newaygo, Michigan 1 $ 121,000 $ 121,000 $ 45,000
Otsego, Michigan 1 $ 143,000 $ 143,000 $ 44,000
Clearwater, Minnesota 1 $ 80,000 $ 80,000 $ 48,000
Dakota, Minnesota 1 $ 313,000 $ 313,000 $ 111,000
McLeod, Minnesota 1 $ 240,000 $ 240,000 $ 105,000
Pope, Minnesota 1 $ 100,000 $ 100,000 $ 36,000
Ramsey, Minnesota 1 $ 148,000 $ 148,000 $ 79,000
Sherburne, Minnesota 1 $ 158,000 $ 158,000 $ 42,000

Mortgage Loan Application Detail Totals for Mortgage300 Corporation in 2016

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 1,319 $180,001,000 $136,000 $1,120,000 $63,000 $817,000
Refinancing 282 $45,533,000 $161,000 $880,000 $57,000 $490,000
Home Improvement 129 $19,429,000 $150,000 $365,000 $76,000 $272,000

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 1,587 $222,379,000 $140,000 $1,120,000 $63,000 $817,000
Hispanic 66 $11,361,000 $172,000 $417,000 $68,000 $539,000
Black or African American 49 $7,623,000 $155,000 $389,000 $61,000 $174,000
Not Provided 14 $1,796,000 $128,000 $236,000 $59,000 $139,000
Asian 11 $1,368,000 $124,000 $285,000 $57,000 $176,000
American Indian or Alaskan Native 3 $436,000 $145,000 $171,000 $32,000 $68,000
Native Hawaiin 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) 690 $109,045,000 $158,000 $1,120,000 $79,000 $817,000
FHA-insured (Federal Housing Administration) 569 $79,846,000 $140,000 $313,000 $58,000 $230,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 402 $45,554,000 $113,000 $282,000 $44,000 $97,000
VA-guaranteed (Veterans Administration) 69 $10,518,000 $152,000 $365,000 $55,000 $143,000

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 1,456 $207,630,000 $142,000 $1,120,000 $63,000 $817,000
Application Withdrawn By Applicant 232 $31,858,000 $137,000 $880,000 $63,000 $490,000
Application Denied By Financial Institution 41 $5,318,000 $129,000 $275,000 $47,000 $109,000
File Closed For Incompleteness 1 $157,000 $157,000 $157,000 $77,000 $77,000
Application Approved But Not Accepted 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
Credit History 16 $2,252,000 $140,000 $274,000 $54,000 $92,000
Debt-To-Income Ratio 8 $1,145,000 $143,000 $272,000 $39,000 $62,000
Collateral 8 $965,000 $120,000 $261,000 $56,000 $109,000
Employment History 4 $508,000 $127,000 $275,000 $30,000 $57,000
Other 3 $207,000 $69,000 $86,000 $43,000 $53,000
Unverifiable Information 1 $116,000 $116,000 $116,000 $34,000 $34,000
Credit Application Incomplete 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 Mortgage300 Corporation's 2016 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 Mortgage300 Corporation'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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