Land/Home Financial Services Mortgage Lending & HMDA Data, 2003
In 2003, Land/Home Financial Services of Concord, CA reported 3,360 mortgage applications totaling $770.1 million. The average application was for $229,200, and applicants reported an average income of $89,014. 56% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Oakland, CA (1,147), San Francisco, CA (247) and Vallejo-Fairfield-Napa, CA (188) (applications in parentheses).
| Mortgage Company & Address | Land/Home Financial Services 1355 Willow Way, Suite 250 Concord, CA 94520 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,360 |
| Total Mortgage Loan Application Amount | $770,114,000 |
| Average Mortgage Loan Application Amount | $229,200 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $89,014 |
| Highest Applicant Income | $2,737,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Land/Home Financial Services filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Land/Home Financial Services in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 2,720 | $619,123,000 | $191,407 | $3,000,000 | $84,148 | $2,737,000 |
| Home Purchase (one-to-four family) | 602 | $140,422,000 | $182,833 | $1,000,000 | $84,916 | $744,000 |
| Home Improvement (one-to-four family) | 20 | $3,845,000 | $209,666 | $475,000 | $82,000 | $456,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 18 | $6,724,000 | $431,666 | $850,000 | $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 | 2,252 | $511,383,000 | $182,066 | $3,000,000 | $88,666 | $2,737,000 |
| Hispanic | 335 | $68,553,000 | $118,250 | $595,000 | $51,750 | $343,000 |
| Asian or Pacific Islander | 270 | $67,489,000 | $235,285 | $957,000 | $126,857 | $759,000 |
| Information not provided by applicant in mail or telephone application | 202 | $55,426,000 | $160,071 | $1,000,000 | $44,571 | $1,161,000 |
| Not applicable | 144 | $32,153,000 | $124,222 | $814,000 | $54,333 | $515,000 |
| Black | 103 | $22,259,000 | $164,333 | $650,000 | $42,333 | $349,000 |
| Other | 38 | $9,609,000 | $160,750 | $1,300,000 | $67,875 | $469,000 |
| American Indian or Alaskan Native | 16 | $3,242,000 | $137,500 | $527,000 | $70,000 | $200,000 |
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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 3,260 | $757,842,000 | $179,483 | $3,000,000 | $82,193 | $2,737,000 |
| FHA-insured (Federal Housing Administration) | 95 | $11,587,000 | $110,363 | $285,000 | $37,000 | $115,000 |
| VA-guaranteed (Veterans Administration) | 5 | $685,000 | $176,000 | $241,000 | $65,000 | $92,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,873 | $411,523,000 | $191,172 | $1,000,000 | $87,758 | $2,737,000 |
| Loan Purchased By The Institution | 608 | $157,431,000 | $243,750 | $3,000,000 | $113,250 | $1,161,000 |
| Application Withdrawn By Applicant | 532 | $121,511,000 | $164,352 | $3,000,000 | $80,058 | $1,972,000 |
| Application Approved But Not Accepted | 255 | $60,760,000 | $185,470 | $1,300,000 | $60,941 | $744,000 |
| Application Denied By Financial Institution | 66 | $14,421,000 | $176,300 | $484,000 | $53,500 | $350,000 |
| File Closed For Incompleteness | 26 | $4,468,000 | $123,428 | $414,000 | $56,714 | $163,000 |
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 |
|---|---|---|---|---|---|---|
| Other | 15 | $3,805,000 | $227,000 | $476,000 | $72,000 | $125,000 |
| Collateral | 4 | $1,836,000 | $459,000 | $484,000 | $151,000 | $350,000 |
| Credit History | 4 | $809,000 | $274,500 | $419,000 | $75,000 | $106,000 |
| Debt-To-Income Ratio | 1 | $140,000 | $140,000 | $140,000 | $37,000 | $37,000 |
| Employment History | 1 | $258,000 | $258,000 | $258,000 | $128,000 | $128,000 |
| Unverifiable Information | 1 | $132,000 | $132,000 | $132,000 | $21,000 | $21,000 |
| Mortgage Insurance Denied | 1 | $163,000 | $163,000 | $163,000 | $55,000 | $55,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Land/Home Financial Services's 2003 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 Land/Home Financial Services'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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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