Mortgage300 Corporation Mortgage Lending & HMDA Data, 2019

In 2019, Mortgage300 Corporation of Stuart, FL reported 2,884 mortgage applications totaling $552.7 million, up 68% from 2018. The average application was for $191,647, and applicants reported an average income of $76,841. 77% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Flint, MI (749), Warren-Troy-Farmington Hills, MI (491) and Columbus, OH (202) (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 2,884
Total Mortgage Loan Application Amount $552,710,000
Average Mortgage Loan Application Amount $191,647
Highest Mortgage Loan Application Amount $1,585,000
Average Applicant Income $76,841
Highest Applicant Income $855,000

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(HMDA) records Mortgage300 Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

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Mortgage Loan Application Detail Totals for Mortgage300 Corporation in 2019

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 2,138 $388,690,000 $181,000 $995,000 $75,000 $734,000
Refinancing 496 $112,300,000 $226,000 $755,000 $78,000 $656,000
Home Improvement 98 $21,080,000 $215,000 $505,000 $99,000 $445,000
Not Applicable 88 $18,540,000 $210,000 $1,585,000 $83,000 $855,000
Cash-out Refinancing 64 $12,100,000 $189,000 $485,000 $87,000 $358,000
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
White 2,515 $473,435,000 $188,000 $1,585,000 $77,000 $734,000
Hispanic 172 $40,220,000 $233,000 $705,000 $77,000 $656,000
Black or African American 133 $23,295,000 $175,000 $485,000 $70,000 $855,000
Asian 30 $8,100,000 $270,000 $675,000 $112,000 $309,000
Not Provided 21 $4,945,000 $235,000 $485,000 $89,000 $258,000
American Indian or Alaskan Native 5 $695,000 $139,000 $215,000 $46,000 $72,000
Not applicable 3 $465,000 $155,000 $185,000 $72,000 $110,000
Native Hawaiian or Other Pacific Islander 2 $700,000 $350,000 $355,000 $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) 1,336 $288,990,000 $216,000 $1,585,000 $98,000 $855,000
FHA-insured (Federal Housing Administration) 951 $162,125,000 $170,000 $585,000 $62,000 $576,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 377 $49,705,000 $131,000 $355,000 $49,000 $95,000
VA-guaranteed (Veterans Administration) 220 $51,890,000 $235,000 $745,000 $59,000 $296,000

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 2,220 $416,560,000 $187,000 $815,000 $76,000 $734,000
Application Withdrawn By Applicant 554 $115,830,000 $209,000 $1,585,000 $80,000 $855,000
Application Denied By Financial Institution 110 $20,320,000 $184,000 $635,000 $72,000 $656,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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
Not applicable 2,774 $532,390,000 $191,000 $1,585,000 $77,000 $855,000
Debt-To-Income Ratio 30 $6,760,000 $225,000 $635,000 $61,000 $168,000
Credit History 29 $5,205,000 $179,000 $445,000 $89,000 $656,000
Collateral 19 $2,295,000 $120,000 $205,000 $69,000 $202,000
Insufficient Cash (Downpayment, Closing Cost) 13 $2,795,000 $215,000 $605,000 $60,000 $155,000
Unverifiable Information 8 $1,490,000 $186,000 $295,000 $72,000 $129,000
Employment History 5 $645,000 $129,000 $205,000 $50,000 $81,000
Other 4 $1,000,000 $250,000 $355,000 $102,000 $179,000
Credit Application Incomplete 2 $130,000 $65,000 $105,000 $69,000 $74,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage300 Corporation's 2019 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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