Mde Home Loans LLC Mortgage Lending & HMDA Data, 2016

In 2016, Mde Home Loans LLC of Tinton Falls, NJ reported 398 mortgage applications totaling $125.3 million, up 10% from 2015. The average application was for $314,866, and applicants reported an average income of $109,806. 72% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Camden, NJ (99), New York-Jersey City-White Plains, NY-NJ (76) and Wilmington, DE-MD-NJ (63) (applications in parentheses).

Mortgage Company & Address Mde Home Loans LLC
766 Shrewsbury Avenue
Tinton Falls, NJ 07724
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  
Total Number of Mortgage Applications 398
Total Mortgage Loan Application Amount $125,317,000
Average Mortgage Loan Application Amount $314,866
Highest Mortgage Loan Application Amount $1,340,000
Average Applicant Income $109,806
Highest Applicant Income $700,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mde Home Loans LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Mde Home Loans LLC by County in 2016

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
New Castle, Delaware 61 $ 17,527,000 $ 287,327 $ 80,000
Gloucester, New Jersey 59 $ 11,954,000 $ 202,610 $ 110,000
Monmouth, New Jersey 48 $ 19,335,000 $ 402,812 $ 141,000
Morris, New Jersey 36 $ 12,140,000 $ 337,222 $ 113,000
Delaware, Pennsylvania 30 $ 9,084,000 $ 302,800 $ 115,000
Burlington, New Jersey 28 $ 8,249,000 $ 294,607 $ 101,000
Atlantic, New Jersey 19 $ 3,813,000 $ 200,684 $ 99,000
Camden, New Jersey 12 $ 3,071,000 $ 255,916 $ 107,000
Middlesex, New Jersey 10 $ 3,572,000 $ 357,200 $ 126,000
Ocean, New Jersey 10 $ 2,399,000 $ 239,900 $ 57,000
Somerset, New Jersey 9 $ 5,652,000 $ 628,000 $ 167,000
Prince George's, Maryland 7 $ 2,418,000 $ 345,428 $ 76,000
Bucks, Pennsylvania 7 $ 2,307,000 $ 329,571 $ 104,000
Bergen, New Jersey 6 $ 2,512,000 $ 418,666 $ 202,000
Mercer, New Jersey 6 $ 857,000 $ 142,833 $ 49,000
Anne Arundel, Maryland 5 $ 2,244,000 $ 448,800 $ 51,000
Union, New Jersey 4 $ 1,270,000 $ 317,500 $ 132,000
Baltimore, Maryland 3 $ 1,201,000 $ 400,333 $ 97,000
Allegheny, Pennsylvania 3 $ 610,000 $ 203,333 $ 147,000
Prince William, Virginia 3 $ 1,784,000 $ 594,666 $ 67,000
Kent, Delaware 2 $ 515,000 $ 257,500 $ 51,000
Baltimore City, Maryland 2 $ 508,000 $ 254,000 $ 81,000
Cecil, Maryland 2 $ 449,000 $ 224,500 $ 60,000
Howard, Maryland 2 $ 777,000 $ 388,500 $ 0
Cape May, New Jersey 2 $ 567,000 $ 283,500 $ 34,000
Passaic, New Jersey 2 $ 1,044,000 $ 522,000 $ 157,000
Suffolk, New York 2 $ 2,670,000 $ 1,335,000 $ 700,000
Philadelphia, Pennsylvania 2 $ 554,000 $ 277,000 $ 95,000
Fairfax, Virginia 2 $ 932,000 $ 466,000 $ 105,000
District of Columbia, District Of Columbia 1 $ 512,000 $ 512,000 $ 120,000
Carroll, Maryland 1 $ 580,000 $ 580,000 $ 157,000
Charles, Maryland 1 $ 321,000 $ 321,000 $ 177,000
Montgomery, Maryland 1 $ 500,000 $ 500,000 $ 105,000
Cumberland, New Jersey 1 $ 176,000 $ 176,000 $ 0
Essex, New Jersey 1 $ 288,000 $ 288,000 $ 0
Saratoga, New York 1 $ 292,000 $ 292,000 $ 65,000
Johnston, North Carolina 1 $ 325,000 $ 325,000 $ 62,000
Mecklenburg, North Carolina 1 $ 203,000 $ 203,000 $ 153,000
Chester, Pennsylvania 1 $ 328,000 $ 328,000 $ 76,000
Lehigh, Pennsylvania 1 $ 656,000 $ 656,000 $ 280,000
Montgomery, Pennsylvania 1 $ 413,000 $ 413,000 $ 112,000
Culpeper, Virginia 1 $ 420,000 $ 420,000 $ 115,000
Spotsylvania, Virginia 1 $ 288,000 $ 288,000 $ 75,000

Mortgage Loan Application Detail Totals for Mde Home Loans LLC in 2016

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 291 $83,837,000 $288,000 $1,086,000 $109,000 $391,000
Refinancing 107 $41,480,000 $387,000 $1,340,000 $112,000 $700,000
Home Improvement 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 235 $72,651,000 $309,000 $916,000 $117,000 $668,000
Black or African American 83 $23,873,000 $287,000 $636,000 $85,000 $360,000
Asian 46 $18,498,000 $402,000 $1,340,000 $139,000 $700,000
Hispanic 25 $7,508,000 $300,000 $603,000 $85,000 $269,000
Not Provided 9 $2,787,000 $309,000 $492,000 $61,000 $110,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiin or Other Pacific Islander 0 $0 $0 $0 $0 $0
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) 204 $65,351,000 $320,000 $1,340,000 $142,000 $700,000
FHA-insured (Federal Housing Administration) 162 $48,935,000 $302,000 $636,000 $76,000 $266,000
VA-guaranteed (Veterans Administration) 31 $10,729,000 $346,000 $610,000 $73,000 $126,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $302,000 $302,000 $302,000 $86,000 $86,000

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 287 $88,395,000 $307,000 $916,000 $104,000 $668,000
Application Withdrawn By Applicant 69 $22,614,000 $327,000 $1,086,000 $131,000 $540,000
Application Denied By Financial Institution 35 $10,351,000 $295,000 $578,000 $86,000 $177,000
File Closed For Incompleteness 6 $3,693,000 $615,000 $1,340,000 $254,000 $700,000
Application Approved But Not Accepted 1 $264,000 $264,000 $264,000 $117,000 $117,000
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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Mde Home Loans LLC's 2016 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 Mde Home Loans 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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