Leverage Financial LLC Mortgage Lending & HMDA Data, 2009
In 2009, Leverage Financial LLC of Tampa, FL reported 207 mortgage applications totaling $40.7 million. The average application was for $196,661, and applicants reported an average income of $110,492. 41% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Tampa-St. Petersburg-Clearwater, FL (65), Orlando-Kissimmee, FL (35) and Atlanta-Sandy Springs-Marietta, GA (10) (applications in parentheses).
| Mortgage Company & Address | Leverage Financial LLC 1213 N. Franklin St. Tampa, FL 33602 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 |
| Total Number of Mortgage Applications | 207 |
| Total Mortgage Loan Application Amount | $40,709,000 |
| Average Mortgage Loan Application Amount | $196,661 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $110,492 |
| Highest Applicant Income | $1,190,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Leverage Financial LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Tampa-St. Petersburg-Clearwater, FL | 65 | $ 11,321,000 | $ 174,169 | $ 94,000 |
| Orlando-Kissimmee, FL | 35 | $ 6,079,000 | $ 173,685 | $ 109,000 |
| Atlanta-Sandy Springs-Marietta, GA | 10 | $ 1,871,000 | $ 187,100 | $ 96,000 |
| Tallahassee, FL | 10 | $ 1,791,000 | $ 179,100 | $ 88,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 8 | $ 2,194,000 | $ 274,250 | $ 116,000 |
| Cape Coral-Fort Myers, FL | 7 | $ 931,000 | $ 133,000 | $ 121,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 7 | $ 3,012,000 | $ 430,285 | $ 354,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 7 | $ 1,433,000 | $ 204,714 | $ 99,000 |
| Jacksonville, FL | 6 | $ 1,428,000 | $ 238,000 | $ 144,000 |
| Lakeland-Winter Haven, FL | 6 | $ 988,000 | $ 164,666 | $ 75,000 |
| Naples-Marco Island, FL | 5 | $ 1,443,000 | $ 288,600 | $ 164,000 |
| Bradenton-Sarasota-Venice, FL | 4 | $ 750,000 | $ 187,500 | $ 170,000 |
| Fort Walton Beach-Crestview-Destin, FL | 4 | $ 775,000 | $ 193,750 | $ 121,000 |
| Sebastian-Vero Beach, FL | 4 | $ 1,056,000 | $ 264,000 | $ 94,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 238,000 | $ 79,333 | $ 34,000 |
| Knoxville, TN | 2 | $ 313,000 | $ 156,500 | $ 93,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 500,000 | $ 250,000 | $ 137,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 209,000 | $ 104,500 | $ 88,000 |
| Palm Coast, FL | 2 | $ 535,000 | $ 267,500 | $ 51,000 |
| Florence-Muscle Shoals, AL | 1 | $ 177,000 | $ 177,000 | $ 55,000 |
| Gainesville, FL | 1 | $ 200,000 | $ 200,000 | $ 70,000 |
| Mobile, AL | 1 | $ 308,000 | $ 308,000 | $ 125,000 |
| Ocala, FL | 1 | $ 316,000 | $ 316,000 | $ 57,000 |
Mortgage Loan Application Detail Totals for Leverage Financial LLC 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 |
|---|---|---|---|---|---|---|
| Refinancing | 145 | $28,324,000 | $195,000 | $2,000,000 | $106,000 | $1,190,000 |
| Home Purchase | 62 | $12,385,000 | $199,000 | $560,000 | $121,000 | $426,000 |
| 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 | 142 | $26,961,000 | $189,000 | $552,000 | $107,000 | $542,000 |
| Not Provided | 24 | $7,271,000 | $302,000 | $2,000,000 | $167,000 | $1,190,000 |
| Black or African American | 21 | $3,190,000 | $151,000 | $308,000 | $77,000 | $181,000 |
| Hispanic | 13 | $1,906,000 | $146,000 | $417,000 | $92,000 | $372,000 |
| Asian | 5 | $1,033,000 | $206,000 | $386,000 | $104,000 | $180,000 |
| American Indian or Alaskan Native | 1 | $240,000 | $240,000 | $240,000 | $150,000 | $150,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $108,000 | $108,000 | $108,000 | $187,000 | $187,000 |
| 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) | 202 | $39,872,000 | $197,000 | $2,000,000 | $111,000 | $1,190,000 |
| FHA-insured (Federal Housing Administration) | 5 | $837,000 | $167,000 | $265,000 | $80,000 | $150,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 85 | $14,969,000 | $176,000 | $417,000 | $103,000 | $542,000 |
| File Closed For Incompleteness | 56 | $13,271,000 | $236,000 | $2,000,000 | $139,000 | $1,190,000 |
| Application Denied By Financial Institution | 36 | $7,103,000 | $197,000 | $560,000 | $84,000 | $181,000 |
| Application Withdrawn By Applicant | 26 | $4,725,000 | $181,000 | $331,000 | $106,000 | $238,000 |
| Application Approved But Not Accepted | 4 | $641,000 | $160,000 | $240,000 | $138,000 | $235,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 7 | $1,036,000 | $148,000 | $260,000 | $61,000 | $115,000 |
| Debt-To-Income Ratio | 7 | $1,319,000 | $188,000 | $330,000 | $72,000 | $157,000 |
| Other | 7 | $2,011,000 | $287,000 | $560,000 | $121,000 | $181,000 |
| Collateral | 4 | $933,000 | $233,000 | $395,000 | $78,000 | $88,000 |
| Unverifiable Information | 3 | $644,000 | $214,000 | $288,000 | $133,000 | $181,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $230,000 | $115,000 | $180,000 | $53,000 | $65,000 |
| Mortgage Insurance Denied | 1 | $135,000 | $135,000 | $135,000 | $73,000 | $73,000 |
| Credit Application Incomplete | 1 | $232,000 | $232,000 | $232,000 | $111,000 | $111,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Leverage Financial LLC'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 Leverage Financial 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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