Lynx Mortgage Bank LLC Mortgage Lending & HMDA Data, 2020
In 2020, Lynx Mortgage Bank LLC of Westbury, NY reported 512 mortgage applications totaling $206.1 million, up 64% from 2019. The average application was for $402,500, and applicants reported an average income of $161,818. 86% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Nassau County-Suffolk County, NY (400), New York-Jersey City-White Plains, NY-NJ (105) and New York-Newark, NY (3) (applications in parentheses).
| Mortgage Company & Address | Lynx Mortgage Bank LLC 143 Post Ave Westbury, NY 11590 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 512 |
| Total Mortgage Loan Application Amount | $206,080,000 |
| Average Mortgage Loan Application Amount | $402,500 |
| Highest Mortgage Loan Application Amount | $1,505,000 |
| Average Applicant Income | $161,818 |
| Highest Applicant Income | $1,936,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lynx Mortgage Bank LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Lynx Mortgage Bank 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 | 280 | $111,160,000 | $397,000 | $835,000 | $167,000 | $1,459,000 |
| Home Purchase | 230 | $94,040,000 | $408,000 | $1,505,000 | $155,000 | $1,936,000 |
| Cash-out Refinancing | 1 | $485,000 | $485,000 | $485,000 | $267,000 | $267,000 |
| Home Improvement | 1 | $395,000 | $395,000 | $395,000 | $174,000 | $174,000 |
| 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 | 350 | $136,810,000 | $390,000 | $765,000 | $172,000 | $1,936,000 |
| Hispanic | 60 | $25,150,000 | $419,000 | $835,000 | $137,000 | $443,000 |
| Asian | 59 | $26,815,000 | $454,000 | $1,505,000 | $151,000 | $350,000 |
| Black or African American | 34 | $13,760,000 | $404,000 | $765,000 | $107,000 | $204,000 |
| Not Provided | 8 | $3,280,000 | $410,000 | $625,000 | $183,000 | $498,000 |
| Not applicable | 1 | $265,000 | $265,000 | $265,000 | $233,000 | $233,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 479 | $191,545,000 | $399,000 | $1,505,000 | $166,000 | $1,936,000 |
| FHA-insured (Federal Housing Administration) | 33 | $14,535,000 | $440,000 | $795,000 | $98,000 | $204,000 |
| 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 | 442 | $177,720,000 | $402,000 | $795,000 | $164,000 | $1,936,000 |
| Application Approved But Not Accepted | 24 | $9,850,000 | $410,000 | $1,505,000 | $162,000 | $528,000 |
| Application Withdrawn By Applicant | 23 | $9,555,000 | $415,000 | $765,000 | $140,000 | $300,000 |
| Application Denied By Financial Institution | 16 | $5,860,000 | $366,000 | $705,000 | $93,000 | $184,000 |
| File Closed For Incompleteness | 7 | $3,095,000 | $442,000 | $835,000 | $242,000 | $700,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 496 | $200,220,000 | $403,000 | $1,505,000 | $164,000 | $1,936,000 |
| Debt-To-Income Ratio | 7 | $2,175,000 | $310,000 | $565,000 | $62,000 | $83,000 |
| Unverifiable Information | 5 | $2,455,000 | $491,000 | $705,000 | $141,000 | $184,000 |
| Collateral | 2 | $640,000 | $320,000 | $345,000 | $96,000 | $120,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $225,000 | $225,000 | $225,000 | $89,000 | $89,000 |
| Credit History | 1 | $365,000 | $365,000 | $365,000 | $70,000 | $70,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lynx Mortgage Bank 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 Lynx Mortgage Bank 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 New York, download the full spreadsheet
with aggregated HMDA statistics today.
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