Harborone Mortgage, LLC Mortgage Lending & HMDA Data, 2017

In 2017, Harborone Mortgage, LLC of Manchester, NH reported 6,016 mortgage applications totaling $1.4 billion, down 23% from 2016. The average application was for $233,208, and applicants reported an average income of $98,497. 70% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Manchester-Nashua, NH (1,015), Portland-South Portland, ME (841) and Rockingham County-Strafford County, NH (629) (applications in parentheses).

Mortgage Company & Address Harborone Mortgage, LLC
1045 Elm St Suite 601
Manchester, NH 03101
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  
Total Number of Mortgage Applications 6,016
Total Mortgage Loan Application Amount $1,402,980,000
Average Mortgage Loan Application Amount $233,208
Highest Mortgage Loan Application Amount $1,890,000
Average Applicant Income $98,497
Highest Applicant Income $4,080,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Harborone Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Harborone Mortgage, LLC in 2017

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 4,701 $1,080,932,000 $229,000 $1,120,000 $95,000 $1,415,000
Refinancing 1,315 $322,048,000 $244,000 $1,890,000 $111,000 $4,080,000
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 4,910 $1,129,832,000 $230,000 $1,120,000 $98,000 $1,415,000
Not Provided 587 $150,690,000 $256,000 $1,890,000 $118,000 $4,080,000
Hispanic 274 $61,817,000 $225,000 $515,000 $69,000 $235,000
Asian 124 $33,281,000 $268,000 $820,000 $109,000 $324,000
Black or African American 109 $24,809,000 $227,000 $546,000 $85,000 $400,000
Native Hawaiian or Other Pacific Islander 6 $1,356,000 $226,000 $424,000 $76,000 $123,000
American Indian or Alaskan Native 6 $1,195,000 $199,000 $296,000 $86,000 $179,000
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) 3,532 $871,638,000 $246,000 $1,890,000 $117,000 $4,080,000
FHA-insured (Federal Housing Administration) 1,577 $339,776,000 $215,000 $599,000 $72,000 $323,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 488 $83,829,000 $171,000 $455,000 $57,000 $119,000
VA-guaranteed (Veterans Administration) 419 $107,737,000 $257,000 $600,000 $82,000 $223,000

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 4,232 $993,417,000 $234,000 $1,890,000 $100,000 $1,386,000
Application Withdrawn By Applicant 1,018 $243,689,000 $239,000 $1,000,000 $109,000 $4,080,000
Application Denied By Financial Institution 572 $122,607,000 $214,000 $1,108,000 $75,000 $415,000
Preapproval Denied by Financial Institution 96 $19,955,000 $207,000 $560,000 $62,000 $191,000
File Closed For Incompleteness 64 $15,097,000 $235,000 $500,000 $93,000 $316,000
Application Approved But Not Accepted 34 $8,215,000 $241,000 $513,000 $99,000 $282,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 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
Debt-To-Income Ratio 192 $43,529,000 $226,000 $1,108,000 $61,000 $319,000
Collateral 137 $27,200,000 $198,000 $575,000 $84,000 $415,000
Credit History 111 $23,777,000 $214,000 $695,000 $78,000 $268,000
Credit Application Incomplete 100 $20,658,000 $206,000 $514,000 $75,000 $254,000
Other 68 $13,892,000 $204,000 $417,000 $70,000 $166,000
Employment History 23 $5,964,000 $259,000 $700,000 $62,000 $160,000
Insufficient Cash (Downpayment, Closing Cost) 18 $3,856,000 $214,000 $406,000 $81,000 $153,000
Unverifiable Information 12 $2,524,000 $210,000 $424,000 $77,000 $127,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Harborone Mortgage, LLC's 2017 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 Harborone Mortgage, 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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