Lend America, Inc Mortgage Lending & HMDA Data, 2009
In 2009, Lend America, Inc of Westminster, CO reported 34 mortgage applications totaling $6.1 million, up 36% from 2008. The average application was for $179,323, and applicants reported an average income of $60,235. 0% of its applications resulted in an originated loan and 41% were denied. Its largest markets were Denver-Aurora-Broomfield, CO (27), Fort Collins-Loveland, CO (1) and Greeley, CO (1) (applications in parentheses).
| Mortgage Company & Address | Lend America, Inc 12000 Pecos St #290 Westminster, CO 80234 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 34 |
| Total Mortgage Loan Application Amount | $6,097,000 |
| Average Mortgage Loan Application Amount | $179,323 |
| Highest Mortgage Loan Application Amount | $357,000 |
| Average Applicant Income | $60,235 |
| Highest Applicant Income | $169,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lend America, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Lend America, Inc in 2009
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 | 26 | $4,359,000 | $167,000 | $344,000 | $60,000 | $169,000 |
| Refinancing | 8 | $1,738,000 | $217,000 | $357,000 | $61,000 | $129,000 |
| 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 | 24 | $4,525,000 | $188,000 | $357,000 | $66,000 | $169,000 |
| Hispanic | 7 | $1,140,000 | $162,000 | $333,000 | $41,000 | $98,000 |
| Asian | 2 | $226,000 | $113,000 | $137,000 | $59,000 | $76,000 |
| Black or African American | 1 | $206,000 | $206,000 | $206,000 | $78,000 | $78,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 18 | $3,033,000 | $168,000 | $344,000 | $46,000 | $169,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 13 | $2,492,000 | $191,000 | $357,000 | $77,000 | $129,000 |
| VA-guaranteed (Veterans Administration) | 3 | $572,000 | $190,000 | $206,000 | $76,000 | $78,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 17 | $3,411,000 | $200,000 | $357,000 | $58,000 | $129,000 |
| Application Denied By Financial Institution | 14 | $2,227,000 | $159,000 | $333,000 | $66,000 | $169,000 |
| Preapproval Denied by Financial Institution | 2 | $209,000 | $104,000 | $128,000 | $32,000 | $40,000 |
| Application Approved But Not Accepted | 1 | $250,000 | $250,000 | $250,000 | $93,000 | $93,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Originated | 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 |
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 |
|---|---|---|---|---|---|---|
| Collateral | 5 | $819,000 | $163,000 | $232,000 | $88,000 | $169,000 |
| Unverifiable Information | 4 | $818,000 | $204,000 | $333,000 | $72,000 | $98,000 |
| Credit History | 3 | $402,000 | $134,000 | $137,000 | $38,000 | $43,000 |
| Debt-To-Income Ratio | 3 | $316,000 | $105,000 | $172,000 | $40,000 | $76,000 |
| Employment History | 1 | $81,000 | $81,000 | $81,000 | $25,000 | $25,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lend America, Inc's 2009 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 Lend America, Inc'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 Colorado, download the full spreadsheet
with aggregated HMDA statistics today.
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