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Act (HMDA) records Loanfront, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Loanfront, LLC by Metropolitan Area in 2024

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Outside any metro area 34 $ 5,570,000 $ 163,823 $ 60,333
Atlanta-Sandy Springs-Roswell, GA 7 $ 2,095,000 $ 299,285 $ 79,000
Camden, NJ 5 $ 1,255,000 $ 251,000 $ 89,000
Lakewood-New Brunswick, NJ 5 $ 1,955,000 $ 391,000 $ 213,000
Charlotte-Concord-Gastonia, NC-SC 4 $ 930,000 $ 232,500 $ 85,250
Cincinnati, OH-KY-IN 4 $ 780,000 $ 195,000 $ 64,000
Cleveland, OH 4 $ 640,000 $ 160,000 $ 47,000
Augusta-Richmond County, GA-SC 3 $ 635,000 $ 211,666 $ 78,000
Boise City, ID 3 $ 945,000 $ 315,000 $ 110,000
Fort Worth-Arlington, TX 3 $ 815,000 $ 271,666 $ 100,000
Greenville-Anderson-Mauldin, SC 3 $ 865,000 $ 288,333 $ 100,000
Indianapolis-Carmel-Anderson, IN 3 $ 405,000 $ 135,000 $ 30,000
Jacksonville, FL 3 $ 645,000 $ 215,000 $ 85,000
Los Angeles-Long Beach-Glendale, CA 3 $ 1,195,000 $ 398,333 $ 99,000
Marietta, GA 3 $ 1,265,000 $ 421,666 $ 115,000
Montgomery County-Bucks County-Chester County, PA 3 $ 895,000 $ 298,333 $ 89,000
Montgomery, AL 3 $ 575,000 $ 191,666 $ 95,000
Omaha-Council Bluffs, NE-IA 3 $ 715,000 $ 238,333 $ 88,000
Tampa, FL 3 $ 1,035,000 $ 345,000 $ 70,000
Chicago-Naperville, IL 2 $ 360,000 $ 180,000 $ 72,000
Dayton-Springfield-Kettering, OH 2 $ 290,000 $ 145,000 $ 54,000
Jacksonville, NC 2 $ 390,000 $ 195,000 $ 32,000
Lake County-Porter County-Jasper County, IN 2 $ 430,000 $ 215,000 $ 102,000
Little Rock-North Little Rock-Conway, AR 2 $ 280,000 $ 140,000 $ 57,000
Louisville/Jefferson County, KY-IN 2 $ 480,000 $ 240,000 $ 126,000
Nashville-Davidson--Murfreesboro--Franklin, TN 2 $ 690,000 $ 345,000 $ 124,000
New York-Jersey City-White Plains, NY-NJ 2 $ 1,160,000 $ 580,000 $ 165,000
Newark, NJ-PA 2 $ 660,000 $ 330,000 $ 0
North Port-Sarasota-Bradenton, FL 2 $ 500,000 $ 250,000 $ 69,000
Ocala, FL 2 $ 300,000 $ 150,000 $ 116,000
Orlando-Kissimmee-Sanford, FL 2 $ 620,000 $ 310,000 $ 88,000
Philadelphia, PA 2 $ 350,000 $ 175,000 $ 106,000
Phoenix-Mesa-Scottsdale, AZ 2 $ 600,000 $ 300,000 $ 112,000
Scranton--Wilkes-Barre--Hazleton, PA 2 $ 370,000 $ 185,000 $ 74,000
Toledo, OH 2 $ 300,000 $ 150,000 $ 49,000
Warner Robins, GA 2 $ 450,000 $ 225,000 $ 51,000
Warren-Troy-Farmington Hills, MI 2 $ 220,000 $ 110,000 $ 40,000
Allentown-Bethlehem-Easton, PA-NJ 1 $ 105,000 $ 105,000 $ 0
Altoona, PA 1 $ 105,000 $ 105,000 $ 0
Anniston-Oxford-Jacksonville, AL 1 $ 105,000 $ 105,000 $ 0
Arlington-Alexandria-Reston, VA-WV 1 $ 295,000 $ 295,000 $ 145,000
Bangor, ME 1 $ 195,000 $ 195,000 $ 44,000
Birmingham-Hoover, AL 1 $ 275,000 $ 275,000 $ 110,000
Bowling Green, KY 1 $ 175,000 $ 175,000 $ 0
Chattanooga, TN-GA 1 $ 245,000 $ 245,000 $ 0
Columbia, SC 1 $ 165,000 $ 165,000 $ 0
Columbus, OH 1 $ 215,000 $ 215,000 $ 58,000
Dallas-Plano-Irving, TX 1 $ 145,000 $ 145,000 $ 66,000
Davenport-Moline-Rock Island, IA-IL 1 $ 105,000 $ 105,000 $ 0
Denver-Aurora-Lakewood, CO 1 $ 325,000 $ 325,000 $ 0
Des Moines-West Des Moines, IA 1 $ 295,000 $ 295,000 $ 0
Detroit-Dearborn-Livonia, MI 1 $ 145,000 $ 145,000 $ 0
Durham-Chapel Hill, NC 1 $ 385,000 $ 385,000 $ 0
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 1 $ 335,000 $ 335,000 $ 98,000
Fresno, CA 1 $ 345,000 $ 345,000 $ 106,000
Greenville, NC 1 $ 235,000 $ 235,000 $ 188,000
Hagerstown-Martinsburg, MD-WV 1 $ 225,000 $ 225,000 $ 64,000
Hammond, LA 1 $ 135,000 $ 135,000 $ 0
Hartford-West Hartford-East Hartford, CT 1 $ 485,000 $ 485,000 $ 169,000
Hot Springs, AR 1 $ 175,000 $ 175,000 $ 68,000
Huntington-Ashland, WV-KY-OH 1 $ 255,000 $ 255,000 $ 104,000
Huntsville, AL 1 $ 205,000 $ 205,000 $ 149,000
Jonesboro, AR 1 $ 165,000 $ 165,000 $ 60,000
Kansas City, MO-KS 1 $ 175,000 $ 175,000 $ 86,000
Knoxville, TN 1 $ 175,000 $ 175,000 $ 120,000
Kokomo, IN 1 $ 105,000 $ 105,000 $ 92,000
Modesto, CA 1 $ 315,000 $ 315,000 $ 92,000
Muncie, IN 1 $ 185,000 $ 185,000 $ 57,000
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 1 $ 205,000 $ 205,000 $ 0
Owensboro, KY 1 $ 155,000 $ 155,000 $ 65,000
Palm Bay-Melbourne-Titusville, FL 1 $ 225,000 $ 225,000 $ 69,000
Portland-South Portland, ME 1 $ 405,000 $ 405,000 $ 138,000
Raleigh, NC 1 $ 165,000 $ 165,000 $ 35,000
Reading, PA 1 $ 215,000 $ 215,000 $ 0
Richmond, VA 1 $ 255,000 $ 255,000 $ 0
Riverside-San Bernardino-Ontario, CA 1 $ 565,000 $ 565,000 $ 159,000
San Francisco-Redwood City-South San Francisco, CA 1 $ 705,000 $ 705,000 $ 0
Seattle-Bellevue-Everett, WA 1 $ 455,000 $ 455,000 $ 0
Tallahassee, FL 1 $ 185,000 $ 185,000 $ 62,000
Tuscaloosa, AL 1 $ 235,000 $ 235,000 $ 95,000
Twin Falls, ID 1 $ 405,000 $ 405,000 $ 110,000
Vineland-Bridgeton, NJ 1 $ 145,000 $ 145,000 $ 64,000
Wichita, KS 1 $ 175,000 $ 175,000 $ 97,000
York-Hanover, PA 1 $ 205,000 $ 205,000 $ 60,000
Yuma, AZ 1 $ 255,000 $ 255,000 $ 76,000

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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