Mde Home Loans LLC Mortgage Lending & HMDA Data, 2019

In 2019, Mde Home Loans LLC of Tinton Falls, NJ reported 546 mortgage applications totaling $184.6 million, up 3% from 2018. The average application was for $338,021, and applicants reported an average income of $125,201. 70% of its applications resulted in an originated loan and 5% were denied. Its largest markets were New York-Newark, NY (107), Atlanta-Sandy Springs-Roswell, GA (85) and Camden, NJ (70) (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 546
Total Mortgage Loan Application Amount $184,560,000
Average Mortgage Loan Application Amount $338,021
Highest Mortgage Loan Application Amount $1,545,000
Average Applicant Income $125,201
Highest Applicant Income $1,060,000

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Act (HMDA) records Mde Home Loans LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Mde Home Loans LLC in 2019

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 440 $147,250,000 $334,000 $1,545,000 $129,000 $1,060,000
Refinancing 105 $36,855,000 $351,000 $725,000 $109,000 $634,000
Home Improvement 1 $455,000 $455,000 $455,000 $155,000 $155,000
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 266 $93,740,000 $352,000 $1,545,000 $137,000 $1,060,000
Black or African American 152 $50,290,000 $330,000 $825,000 $101,000 $432,000
Asian 74 $24,630,000 $332,000 $725,000 $155,000 $783,000
Hispanic 47 $13,425,000 $285,000 $485,000 $97,000 $272,000
Not Provided 5 $1,685,000 $337,000 $455,000 $94,000 $160,000
Native Hawaiian or Other Pacific Islander 1 $485,000 $485,000 $485,000 $211,000 $211,000
Not applicable 1 $305,000 $305,000 $305,000 $85,000 $85,000
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) 286 $101,040,000 $353,000 $1,545,000 $154,000 $1,060,000
FHA-insured (Federal Housing Administration) 207 $64,615,000 $312,000 $725,000 $94,000 $538,000
VA-guaranteed (Veterans Administration) 51 $18,135,000 $355,000 $1,125,000 $96,000 $264,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $770,000 $385,000 $415,000 $96,000 $98,000

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 382 $126,740,000 $331,000 $1,545,000 $122,000 $1,034,000
Application Withdrawn By Applicant 135 $48,555,000 $359,000 $1,505,000 $139,000 $1,060,000
Application Denied By Financial Institution 29 $9,265,000 $319,000 $825,000 $103,000 $332,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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 517 $175,295,000 $339,000 $1,545,000 $127,000 $1,060,000
Debt-To-Income Ratio 13 $4,685,000 $360,000 $825,000 $98,000 $175,000
Employment History 6 $1,950,000 $325,000 $515,000 $120,000 $332,000
Credit History 5 $1,325,000 $265,000 $405,000 $91,000 $123,000
Collateral 4 $1,090,000 $272,000 $485,000 $122,000 $246,000
Insufficient Cash (Downpayment, Closing Cost) 1 $215,000 $215,000 $215,000 $46,000 $46,000
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 Mde Home Loans LLC's 2019 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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