Loanfront, LLC Mortgage Lending & HMDA Data, 2024
In 2024, Loanfront, LLC of Red Bank, NJ reported 183 mortgage applications totaling $43.4 million. The average application was for $237,240, and applicants reported an average income of $86,196. 41% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (7), Camden, NJ (5) and Lakewood-New Brunswick, NJ (5) (applications in parentheses).
| Mortgage Company & Address | Loanfront, LLC Red Bank, NJ 07701 |
| Federal Regulator | * available with data download |
| Years | 2024 |
| Total Number of Mortgage Applications | 183 |
| Total Mortgage Loan Application Amount | $43,415,000 |
| Average Mortgage Loan Application Amount | $237,240 |
| Highest Mortgage Loan Application Amount | $705,000 |
| Average Applicant Income | $86,196 |
| Highest Applicant Income | $237,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Loanfront, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Loanfront, 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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 145 | $35,275,000 | $243,000 | $705,000 | $90,000 | $237,000 |
| Refinancing | 36 | $7,830,000 | $217,000 | $565,000 | $69,000 | $165,000 |
| Home Purchase | 2 | $310,000 | $155,000 | $205,000 | $120,000 | $149,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Not Provided | 182 | $43,220,000 | $237,000 | $705,000 | $89,000 | $237,000 |
| White | 1 | $195,000 | $195,000 | $195,000 | $44,000 | $44,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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 |
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) | 177 | $42,475,000 | $239,000 | $705,000 | $90,000 | $237,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 6 | $940,000 | $156,000 | $175,000 | $64,000 | $100,000 |
| 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 | 75 | $18,555,000 | $247,000 | $595,000 | $95,000 | $237,000 |
| Loan Purchased By The Institution | 73 | $16,945,000 | $232,000 | $705,000 | $0 | $0 |
| Application Denied By Financial Institution | 24 | $5,880,000 | $245,000 | $565,000 | $77,000 | $140,000 |
| Application Withdrawn By Applicant | 6 | $1,300,000 | $216,000 | $295,000 | $88,000 | $134,000 |
| File Closed For Incompleteness | 5 | $735,000 | $147,000 | $155,000 | $58,000 | $76,000 |
| Application Approved But Not Accepted | 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 | 159 | $37,535,000 | $236,000 | $705,000 | $92,000 | $237,000 |
| Credit History | 7 | $1,615,000 | $230,000 | $405,000 | $79,000 | $140,000 |
| Debt-To-Income Ratio | 6 | $1,380,000 | $230,000 | $465,000 | $60,000 | $97,000 |
| Unverifiable Information | 5 | $1,775,000 | $355,000 | $565,000 | $89,000 | $129,000 |
| Other | 3 | $445,000 | $148,000 | $175,000 | $82,000 | $100,000 |
| Credit Application Incomplete | 2 | $470,000 | $235,000 | $235,000 | $88,000 | $88,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $195,000 | $195,000 | $195,000 | $71,000 | $71,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Loanfront, 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 Loanfront, 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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