Jet Mortgage Services, LLC Mortgage Lending & HMDA Data, 2007
In 2007, Jet Mortgage Services, LLC of Birmingham, AL reported 42 mortgage applications totaling $5.6 million. The average application was for $134,119, and applicants reported an average income of $54,857. 55% of its applications resulted in an originated loan and 19% were denied. Its largest market was Fayetteville, NC (29).
| Mortgage Company & Address | Jet Mortgage Services, LLC 1900 Crestwood Boulevard Birmingham, AL 35210 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 |
| Total Number of Mortgage Applications | 42 |
| Total Mortgage Loan Application Amount | $5,633,000 |
| Average Mortgage Loan Application Amount | $134,119 |
| Highest Mortgage Loan Application Amount | $332,000 |
| Average Applicant Income | $54,857 |
| Highest Applicant Income | $144,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Jet Mortgage Services, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Jet Mortgage Services, LLC in 2007
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 | 41 | $5,547,000 | $135,000 | $332,000 | $55,000 | $144,000 |
| Refinancing | 1 | $86,000 | $86,000 | $86,000 | $49,000 | $49,000 |
| 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 | 28 | $3,600,000 | $128,000 | $255,000 | $54,000 | $114,000 |
| Black or African American | 11 | $1,644,000 | $149,000 | $332,000 | $58,000 | $144,000 |
| Hispanic | 3 | $389,000 | $129,000 | $200,000 | $49,000 | $57,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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 |
|---|---|---|---|---|---|---|
| VA-guaranteed (Veterans Administration) | 23 | $3,159,000 | $137,000 | $284,000 | $59,000 | $114,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 13 | $1,884,000 | $144,000 | $332,000 | $54,000 | $144,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $414,000 | $103,000 | $116,000 | $35,000 | $47,000 |
| FHA-insured (Federal Housing Administration) | 2 | $176,000 | $88,000 | $131,000 | $46,000 | $73,000 |
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 | 23 | $3,124,000 | $135,000 | $296,000 | $58,000 | $114,000 |
| Application Denied By Financial Institution | 8 | $1,335,000 | $166,000 | $332,000 | $69,000 | $144,000 |
| Preapproval Denied by Financial Institution | 4 | $312,000 | $78,000 | $116,000 | $38,000 | $65,000 |
| File Closed For Incompleteness | 3 | $321,000 | $107,000 | $230,000 | $42,000 | $86,000 |
| Application Approved But Not Accepted | 2 | $151,000 | $75,000 | $99,000 | $26,000 | $33,000 |
| Preapproval Approved but not Accepted | 2 | $390,000 | $195,000 | $200,000 | $50,000 | $57,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 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 | 6 | $1,063,000 | $177,000 | $332,000 | $66,000 | $144,000 |
| Debt-To-Income Ratio | 2 | $142,000 | $71,000 | $92,000 | $25,000 | $26,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $333,000 | $166,000 | $217,000 | $55,000 | $74,000 |
| Employment History | 1 | $55,000 | $55,000 | $55,000 | $86,000 | $86,000 |
| Credit Application Incomplete | 1 | $54,000 | $54,000 | $54,000 | $65,000 | $65,000 |
| Collateral | 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 Jet Mortgage Services, LLC's 2007 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 Jet Mortgage Services, 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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