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(HMDA) records Mortgage300 Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Metropolitan Area in 2016

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Flint, MI 707 $ 91,653,000 $ 129,636 $ 63,000
Warren-Troy-Farmington Hills, MI 470 $ 74,304,000 $ 158,093 $ 65,000
West Palm Beach-Boca Raton-Delray Beach, FL 92 $ 20,820,000 $ 226,304 $ 91,000
Port St. Lucie, FL 39 $ 7,272,000 $ 186,461 $ 72,000
Minneapolis-St. Paul-Bloomington, MN-WI 23 $ 3,796,000 $ 165,043 $ 62,000
Saginaw, MI 23 $ 3,096,000 $ 134,608 $ 71,000
Grand Rapids-Wyoming, MI 21 $ 2,965,000 $ 141,190 $ 61,000
Detroit-Dearborn-Livonia, MI 20 $ 2,798,000 $ 139,900 $ 52,000
Lansing-East Lansing, MI 11 $ 1,466,000 $ 133,272 $ 57,000
Monroe, MI 5 $ 1,064,000 $ 212,800 $ 90,000
Tampa-St. Petersburg-Clearwater, FL 4 $ 744,000 $ 186,000 $ 41,000
Ann Arbor, MI 3 $ 511,000 $ 170,333 $ 120,000
Orlando-Kissimmee-Sanford, FL 3 $ 472,000 $ 157,333 $ 48,000
Bay City, MI 2 $ 316,000 $ 158,000 $ 56,000
Deltona-Daytona Beach-Ormond Beach, FL 2 $ 342,000 $ 171,000 $ 17,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 2 $ 370,000 $ 185,000 $ 68,000
Jacksonville, FL 2 $ 413,000 $ 206,500 $ 62,000
Lakeland-Winter Haven, FL 2 $ 310,000 $ 155,000 $ 21,000
Battle Creek, MI 1 $ 133,000 $ 133,000 $ 44,000
Jackson, MI 1 $ 143,000 $ 143,000 $ 42,000
Miami-Miami Beach-Kendall, FL 1 $ 241,000 $ 241,000 $ 69,000
Naples-Immokalee-Marco Island, FL 1 $ 316,000 $ 316,000 $ 177,000
North Port-Sarasota-Bradenton, FL 1 $ 185,000 $ 185,000 $ 53,000
Sebastian-Vero Beach, FL 1 $ 340,000 $ 340,000 $ 112,000
South Bend-Mishawaka, IN-MI 1 $ 121,000 $ 121,000 $ 0

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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