Land/Home Financial Services Mortgage Lending & HMDA Data, 2008
In 2008, Land/Home Financial Services of Concord, CA reported 4,085 mortgage applications totaling $1.0 billion, up 98% from 2007. The average application was for $248,821, and applicants reported an average income of $87,379. 44% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Oakland-Fremont-Hayward, CA (593), Sacramento--Arden-Arcade--Roseville, CA (247) and Riverside-San Bernardino-Ontario, CA (175) (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 | 4,085 |
| Total Mortgage Loan Application Amount | $1,016,434,000 |
| Average Mortgage Loan Application Amount | $248,821 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $87,379 |
| Highest Applicant Income | $1,678,000 |
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records Land/Home Financial Services filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008
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 | 2,219 | $537,147,000 | $242,000 | $1,500,000 | $91,000 | $1,678,000 |
| Refinancing | 1,820 | $468,151,000 | $257,000 | $1,350,000 | $83,000 | $1,301,000 |
| Home Improvement | 46 | $11,136,000 | $242,000 | $1,000,000 | $86,000 | $242,000 |
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 | 2,312 | $572,467,000 | $247,000 | $1,500,000 | $92,000 | $1,391,000 |
| Hispanic | 797 | $178,783,000 | $224,000 | $985,000 | $69,000 | $384,000 |
| Not Provided | 434 | $115,569,000 | $266,000 | $1,000,000 | $84,000 | $442,000 |
| Asian | 267 | $81,689,000 | $305,000 | $1,000,000 | $95,000 | $429,000 |
| Black or African American | 213 | $49,834,000 | $233,000 | $1,123,000 | $114,000 | $1,678,000 |
| Native Hawaiian or Other Pacific Islander | 50 | $15,245,000 | $304,000 | $920,000 | $97,000 | $408,000 |
| American Indian or Alaskan Native | 12 | $2,847,000 | $237,000 | $505,000 | $65,000 | $185,000 |
| 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) | 2,806 | $692,625,000 | $246,000 | $1,500,000 | $93,000 | $1,678,000 |
| FHA-insured (Federal Housing Administration) | 1,177 | $293,037,000 | $248,000 | $739,000 | $80,000 | $618,000 |
| VA-guaranteed (Veterans Administration) | 102 | $30,772,000 | $301,000 | $626,000 | $42,000 | $204,000 |
| 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 | 1,801 | $437,079,000 | $242,000 | $999,000 | $91,000 | $1,678,000 |
| Application Approved But Not Accepted | 1,429 | $352,325,000 | $246,000 | $1,500,000 | $84,000 | $1,301,000 |
| Application Denied By Financial Institution | 854 | $226,412,000 | $265,000 | $1,500,000 | $87,000 | $1,391,000 |
| Application Withdrawn By Applicant | 1 | $618,000 | $618,000 | $618,000 | $141,000 | $141,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 401 | $117,336,000 | $292,000 | $1,500,000 | $97,000 | $1,391,000 |
| Credit History | 161 | $36,801,000 | $228,000 | $645,000 | $73,000 | $387,000 |
| Debt-To-Income Ratio | 121 | $31,359,000 | $259,000 | $1,350,000 | $70,000 | $264,000 |
| Collateral | 81 | $17,608,000 | $217,000 | $556,000 | $87,000 | $384,000 |
| Unverifiable Information | 35 | $8,939,000 | $255,000 | $657,000 | $113,000 | $540,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 28 | $7,106,000 | $253,000 | $985,000 | $82,000 | $210,000 |
| Employment History | 24 | $6,553,000 | $273,000 | $604,000 | $67,000 | $151,000 |
| Credit Application Incomplete | 3 | $710,000 | $236,000 | $281,000 | $79,000 | $115,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Land/Home Financial Services's 2008 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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