Lynx Mortgage Bank LLC Mortgage Lending & HMDA Data, 2024

In 2024, Lynx Mortgage Bank LLC of Westbury, NY reported 274 mortgage applications totaling $134.7 million, up 9% from 2023. The average application was for $491,459, and applicants reported an average income of $269,262. 84% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Nassau County-Suffolk County, NY (200), New York-Jersey City-White Plains, NY-NJ (60) and Kiryas Joel-Poughkeepsie-Newburgh, NY (2) (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 274
Total Mortgage Loan Application Amount $134,660,000
Average Mortgage Loan Application Amount $491,459
Highest Mortgage Loan Application Amount $1,145,000
Average Applicant Income $269,262
Highest Applicant Income $6,721,000

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(HMDA) records Lynx Mortgage Bank LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Download the New York Lender List

Mortgage Loan Application Detail Totals for Lynx Mortgage Bank 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
Home Purchase 234 $119,080,000 $508,000 $1,145,000 $251,000 $6,721,000
Refinancing 39 $14,815,000 $379,000 $995,000 $375,000 $2,155,000
Home Improvement 1 $765,000 $765,000 $765,000 $419,000 $419,000
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 164 $74,030,000 $451,000 $1,145,000 $310,000 $6,721,000
Asian 44 $25,540,000 $580,000 $1,085,000 $200,000 $1,276,000
Not Provided 25 $15,075,000 $603,000 $1,135,000 $299,000 $1,526,000
Hispanic 22 $11,720,000 $532,000 $875,000 $162,000 $349,000
Black or African American 19 $8,295,000 $436,000 $905,000 $154,000 $450,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 253 $120,085,000 $474,000 $1,145,000 $275,000 $6,721,000
FHA-insured (Federal Housing Administration) 21 $14,575,000 $694,000 $1,135,000 $199,000 $422,000
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 230 $111,440,000 $484,000 $1,145,000 $280,000 $6,721,000
Application Approved But Not Accepted 14 $8,070,000 $576,000 $1,065,000 $198,000 $450,000
Application Withdrawn By Applicant 13 $7,835,000 $602,000 $1,125,000 $265,000 $841,000
Application Denied By Financial Institution 11 $4,565,000 $415,000 $995,000 $152,000 $287,000
File Closed For Incompleteness 6 $2,750,000 $458,000 $705,000 $246,000 $600,000
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 263 $130,095,000 $494,000 $1,145,000 $274,000 $6,721,000
Collateral 5 $1,545,000 $309,000 $465,000 $125,000 $199,000
Credit History 3 $965,000 $321,000 $625,000 $155,000 $204,000
Debt-To-Income Ratio 3 $2,055,000 $685,000 $995,000 $194,000 $287,000
Employment History 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
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Lynx Mortgage Bank 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 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.

Download the New York Lender List