M/I Financial. LLC Mortgage Lending & HMDA Data, 2020
In 2020, M/I Financial. LLC of Columbus, OH reported 7,382 mortgage applications totaling $2.3 billion, up 29% from 2019. The average application was for $315,035, and applicants reported an average income of $123,166. 79% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Tampa-St. Petersburg-Clearwater, FL (716), Columbus, OH (604) and Minneapolis-St. Paul-Bloomington, MN-WI (601) (applications in parentheses).
| Mortgage Company & Address | M/I Financial. LLC 3 Easton Oval, Suite 340 Columbus, OH 43219 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 |
| Total Number of Mortgage Applications | 7,382 |
| Total Mortgage Loan Application Amount | $2,325,590,000 |
| Average Mortgage Loan Application Amount | $315,035 |
| Highest Mortgage Loan Application Amount | $925,000 |
| Average Applicant Income | $123,166 |
| Highest Applicant Income | $2,846,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records M/I Financial. LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 M/I Financial. 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 7,340 | $2,313,960,000 | $315,000 | $925,000 | $123,000 | $2,846,000 |
| Refinancing | 30 | $8,690,000 | $289,000 | $475,000 | $154,000 | $376,000 |
| Other Purpose | 6 | $1,430,000 | $238,000 | $455,000 | $146,000 | $210,000 |
| Cash-out Refinancing | 6 | $1,510,000 | $251,000 | $405,000 | $150,000 | $204,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 3,975 | $1,238,795,000 | $311,000 | $925,000 | $128,000 | $2,846,000 |
| Hispanic | 1,035 | $302,025,000 | $291,000 | $675,000 | $105,000 | $900,000 |
| Asian | 851 | $283,295,000 | $332,000 | $835,000 | $127,000 | $719,000 |
| Black or African American | 616 | $199,200,000 | $323,000 | $665,000 | $113,000 | $1,200,000 |
| Not Provided | 577 | $189,295,000 | $328,000 | $895,000 | $130,000 | $690,000 |
| American Indian or Alaskan Native | 32 | $10,370,000 | $324,000 | $515,000 | $122,000 | $256,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,380,000 | $345,000 | $465,000 | $140,000 | $200,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 5,387 | $1,713,875,000 | $318,000 | $925,000 | $132,000 | $2,846,000 |
| FHA-insured (Federal Housing Administration) | 1,186 | $333,160,000 | $280,000 | $415,000 | $89,000 | $401,000 |
| VA-guaranteed (Veterans Administration) | 782 | $271,230,000 | $346,000 | $895,000 | $115,000 | $1,771,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 27 | $7,325,000 | $271,000 | $415,000 | $75,000 | $106,000 |
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 | 5,812 | $1,821,590,000 | $313,000 | $895,000 | $122,000 | $1,198,000 |
| Application Withdrawn By Applicant | 1,117 | $360,095,000 | $322,000 | $925,000 | $131,000 | $2,846,000 |
| Application Approved But Not Accepted | 286 | $93,390,000 | $326,000 | $695,000 | $140,000 | $515,000 |
| Application Denied By Financial Institution | 159 | $47,945,000 | $301,000 | $765,000 | $82,000 | $677,000 |
| File Closed For Incompleteness | 8 | $2,570,000 | $321,000 | $425,000 | $165,000 | $478,000 |
| 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 | 7,223 | $2,277,645,000 | $315,000 | $925,000 | $124,000 | $2,846,000 |
| Debt-To-Income Ratio | 98 | $28,650,000 | $292,000 | $765,000 | $72,000 | $677,000 |
| Credit History | 32 | $10,320,000 | $322,000 | $495,000 | $103,000 | $307,000 |
| Unverifiable Information | 12 | $3,870,000 | $322,000 | $455,000 | $93,000 | $194,000 |
| Other | 10 | $2,990,000 | $299,000 | $515,000 | $95,000 | $338,000 |
| Employment History | 5 | $1,405,000 | $281,000 | $335,000 | $77,000 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $710,000 | $355,000 | $375,000 | $94,000 | $98,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M/I Financial. 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 M/I Financial. 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 Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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