Low Va Rates, Llc
HMDA Loan Application Totals
and Mortgage Lending Details
for 2020

Low Va Rates, Llc 2020 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.

Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher, this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.

Mortgage Company & Address Low Va Rates, Llc
384 South 400 West, #100
Lindon, UT 84042
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  2017  2016  
Total Number of Mortgage Applications 12,505
Total Mortgage Loan Application Amount $3,110,835,000
Average Mortgage Loan Application Amount $246,000
Highest Mortgage Loan Application Amount $12,265,000
Average Applicant Income $52,333
Highest Applicant Income $1,711,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2020 with Low Va Rates, Llc. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Low Va Rates, Llc's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.

Our HMDA dataset for 2020 breaks down Low Va Rates, Llc's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Low Va Rates, Llc serves its applicants.

Each category highlights the total number of mortgage applications processed by Low Va Rates, Llc, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Low Va Rates, Llc's mortgage activity for 2020.

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Mortgage Loan Application Detail Totals for Low Va Rates, Llc in 2020

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 12,332 $3,063,210,000 $248,000 $12,265,000 $10,000 $1,711,000
Home Purchase 172 $47,410,000 $275,000 $745,000 $52,000 $437,000
Home Improvement 1 $215,000 $215,000 $215,000 $95,000 $95,000
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
White 6,189 $1,515,515,000 $244,000 $12,265,000 $14,000 $1,711,000
Not Provided 2,984 $758,060,000 $254,000 $1,325,000 $6,000 $1,704,000
Black or African American 1,823 $447,185,000 $245,000 $835,000 $4,000 $231,000
Hispanic 1,100 $275,110,000 $250,000 $1,225,000 $10,000 $456,000
Asian 219 $66,055,000 $301,000 $735,000 $13,000 $279,000
American Indian or Alaskan Native 124 $29,870,000 $240,000 $785,000 $16,000 $1,416,000
Native Hawaiian or Other Pacific Islander 60 $17,120,000 $285,000 $695,000 $9,000 $125,000
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) 11,694 $2,901,810,000 $248,000 $12,265,000 $4,000 $1,711,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 573 $160,095,000 $279,000 $765,000 $132,000 $1,416,000
FHA-insured (Federal Housing Administration) 236 $48,470,000 $205,000 $715,000 $18,000 $1,704,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $460,000 $230,000 $265,000 $70,000 $90,000

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 8,992 $2,190,530,000 $243,000 $1,265,000 $10,000 $1,620,000
File Closed For Incompleteness 2,010 $531,060,000 $264,000 $12,265,000 $10,000 $1,711,000
Application Withdrawn By Applicant 1,264 $333,460,000 $263,000 $915,000 $10,000 $958,000
Application Denied By Financial Institution 237 $55,335,000 $233,000 $605,000 $14,000 $154,000
Application Approved But Not Accepted 1 $205,000 $205,000 $205,000 $0 $0
Preapproval Denied by Financial Institution 1 $245,000 $245,000 $245,000 $125,000 $125,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval 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 12,267 $3,055,255,000 $249,000 $12,265,000 $10,000 $1,711,000
Credit History 191 $44,635,000 $233,000 $605,000 $9,000 $139,000
Debt-To-Income Ratio 20 $4,510,000 $225,000 $475,000 $51,000 $124,000
Other 12 $2,750,000 $229,000 $515,000 $6,000 $79,000
Collateral 11 $2,745,000 $249,000 $385,000 $44,000 $154,000
Employment History 3 $645,000 $215,000 $255,000 $15,000 $47,000
Insufficient Cash (Downpayment, Closing Cost) 1 $295,000 $295,000 $295,000 $111,000 $111,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Low Va Rates, Llc's 2020 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 Low Va Rates, 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.
For a list of all lenders in Utah, download the full spreadsheet with aggregated HMDA statistics today.

Download the Utah Lender List