Loanunited.Com, LLC Mortgage Lending & HMDA Data, 2023

In 2023, Loanunited.Com, LLC of Duluth, GA reported 3,249 mortgage applications totaling $1.1 billion, up 31% from 2022. The average application was for $350,146, and applicants reported an average income of $118,253. 29% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Houston-The Woodlands-Sugar Land, TX (174), Virginia Beach-Norfolk-Newport News, VA-NC (159) and Phoenix-Mesa-Scottsdale, AZ (155) (applications in parentheses).

Mortgage Company & Address Loanunited.Com, LLC
3235 Satellite Blvd Suite 314
Duluth, GA 30096
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  
Total Number of Mortgage Applications 3,249
Total Mortgage Loan Application Amount $1,137,625,000
Average Mortgage Loan Application Amount $350,146
Highest Mortgage Loan Application Amount $1,485,000
Average Applicant Income $118,253
Highest Applicant Income $6,186,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Loanunited.Com, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Loanunited.Com, LLC in 2023

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 1,628 $537,070,000 $329,000 $1,485,000 $106,000 $6,186,000
Home Purchase 1,590 $591,350,000 $371,000 $1,205,000 $131,000 $3,445,000
Home Improvement 31 $9,205,000 $296,000 $745,000 $108,000 $378,000
Cash-out Refinancing 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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 1,334 $457,990,000 $343,000 $1,035,000 $123,000 $6,186,000
White 923 $323,645,000 $350,000 $1,205,000 $123,000 $3,445,000
Black or African American 498 $169,950,000 $341,000 $1,405,000 $104,000 $432,000
Hispanic 238 $84,860,000 $356,000 $805,000 $104,000 $334,000
Asian 218 $87,730,000 $402,000 $1,485,000 $162,000 $722,000
American Indian or Alaskan Native 18 $5,290,000 $293,000 $645,000 $86,000 $169,000
Native Hawaiian or Other Pacific Islander 6 $2,040,000 $340,000 $545,000 $78,000 $124,000
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
VA-guaranteed (Veterans Administration) 2,040 $746,980,000 $366,000 $1,205,000 $110,000 $729,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 754 $245,050,000 $325,000 $1,485,000 $152,000 $6,186,000
FHA-insured (Federal Housing Administration) 453 $145,305,000 $320,000 $885,000 $113,000 $3,445,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $290,000 $145,000 $245,000 $84,000 $84,000

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
Application Withdrawn By Applicant 1,401 $493,925,000 $352,000 $1,485,000 $131,000 $6,186,000
Loan Originated 934 $332,050,000 $355,000 $885,000 $120,000 $722,000
File Closed For Incompleteness 630 $216,940,000 $344,000 $905,000 $113,000 $488,000
Application Denied By Financial Institution 178 $58,250,000 $327,000 $875,000 $102,000 $871,000
Preapproval Approved but not Accepted 80 $26,200,000 $327,000 $705,000 $94,000 $251,000
Preapproval Denied by Financial Institution 26 $10,260,000 $394,000 $805,000 $87,000 $178,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Application 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
Not applicable 3,045 $1,069,115,000 $351,000 $1,485,000 $123,000 $6,186,000
Credit History 134 $45,210,000 $337,000 $875,000 $95,000 $227,000
Debt-To-Income Ratio 27 $9,275,000 $343,000 $805,000 $73,000 $242,000
Employment History 17 $6,115,000 $359,000 $525,000 $102,000 $178,000
Collateral 12 $3,320,000 $276,000 $485,000 $138,000 $435,000
Other 9 $2,695,000 $299,000 $445,000 $199,000 $871,000
Unverifiable Information 5 $1,895,000 $379,000 $615,000 $95,000 $144,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Loanunited.Com, LLC's 2023 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 Loanunited.Com, 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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