Lendlo Mortgage, LLC Mortgage Lending & HMDA Data, 2024

In 2024, Lendlo Mortgage, LLC of Houston, TX reported 4,327 mortgage applications totaling $873.4 million. The average application was for $201,850, and applicants reported an average income of $86,998. 82% of its applications resulted in an originated loan and 2% were denied. Its largest markets were San Antonio-New Braunfels, TX (677), Oklahoma City, OK (599) and Fayetteville-Springdale-Rogers, AR-MO (593) (applications in parentheses).

Mortgage Company & Address Lendlo Mortgage, LLC
1177 West Loop S Ste 700
Houston, TX 77027
Federal Regulator * available with data download
Years 2025  2024  
Total Number of Mortgage Applications 4,327
Total Mortgage Loan Application Amount $873,405,000
Average Mortgage Loan Application Amount $201,850
Highest Mortgage Loan Application Amount $725,000
Average Applicant Income $86,998
Highest Applicant Income $1,073,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lendlo Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Lendlo Mortgage, LLC in 2024

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 4,323 $872,595,000 $201,000 $725,000 $87,000 $1,073,000
Other Purpose 2 $160,000 $80,000 $105,000 $95,000 $108,000
Refinancing 2 $650,000 $325,000 $505,000 $76,000 $76,000
Not Applicable 0 $0 $0 $0 $0 $0
Cash-out Refinancing 0 $0 $0 $0 $0 $0
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 1,759 $350,675,000 $199,000 $555,000 $89,000 $499,000
Hispanic 1,290 $268,950,000 $208,000 $555,000 $82,000 $800,000
Black or African American 532 $105,070,000 $197,000 $325,000 $75,000 $418,000
Not Provided 395 $79,685,000 $201,000 $725,000 $98,000 $1,073,000
American Indian or Alaskan Native 171 $32,065,000 $187,000 $375,000 $84,000 $252,000
Asian 162 $33,210,000 $205,000 $315,000 $120,000 $954,000
Native Hawaiian or Other Pacific Islander 18 $3,750,000 $208,000 $305,000 $79,000 $134,000
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
FHA-insured (Federal Housing Administration) 2,307 $519,545,000 $225,000 $515,000 $82,000 $1,073,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,226 $169,030,000 $137,000 $725,000 $101,000 $954,000
VA-guaranteed (Veterans Administration) 473 $112,655,000 $238,000 $555,000 $79,000 $302,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 321 $72,175,000 $224,000 $335,000 $78,000 $142,000

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 3,545 $709,115,000 $200,000 $725,000 $86,000 $1,073,000
Application Withdrawn By Applicant 662 $138,490,000 $209,000 $505,000 $91,000 $802,000
Application Denied By Financial Institution 104 $22,390,000 $215,000 $335,000 $73,000 $275,000
Application Approved But Not Accepted 16 $3,410,000 $213,000 $315,000 $77,000 $111,000
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
Not applicable 4,223 $851,015,000 $201,000 $725,000 $87,000 $1,073,000
Debt-To-Income Ratio 45 $8,665,000 $192,000 $305,000 $61,000 $156,000
Credit Application Incomplete 30 $7,010,000 $233,000 $295,000 $83,000 $275,000
Credit History 17 $3,825,000 $225,000 $285,000 $77,000 $121,000
Unverifiable Information 6 $1,320,000 $220,000 $335,000 $83,000 $129,000
Insufficient Cash (Downpayment, Closing Cost) 3 $765,000 $255,000 $295,000 $75,000 $84,000
Employment History 2 $550,000 $275,000 $275,000 $77,000 $155,000
Collateral 1 $255,000 $255,000 $255,000 $162,000 $162,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Lendlo Mortgage, LLC's 2024 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 Lendlo Mortgage, 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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