Mid-Island Mortgage Corp. Mortgage Lending & HMDA Data, 2018
In 2018, Mid-Island Mortgage Corp. of Westbury, NY reported 1,031 mortgage applications totaling $369.2 million, down 23% from 2017. The average application was for $358,103, and applicants reported an average income of $115,037. 63% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Nassau County-Suffolk County, NY (442), New York-Jersey City-White Plains, NY-NJ (270) and Washington-Arlington-Alexandria, DC-VA-MD-WV (64) (applications in parentheses).
| Mortgage Company & Address | Mid-Island Mortgage Corp. 900 Merchants Concourse, Suite #112 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 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,031 |
| Total Mortgage Loan Application Amount | $369,205,000 |
| Average Mortgage Loan Application Amount | $358,103 |
| Highest Mortgage Loan Application Amount | $1,605,000 |
| Average Applicant Income | $115,037 |
| Highest Applicant Income | $2,271,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mid-Island Mortgage Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Mid-Island Mortgage Corp. in 2018
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 | 688 | $247,720,000 | $360,000 | $1,605,000 | $118,000 | $2,271,000 |
| Cash-out Refinancing | 194 | $68,440,000 | $352,000 | $985,000 | $120,000 | $1,615,000 |
| Refinancing | 146 | $52,550,000 | $359,000 | $745,000 | $95,000 | $543,000 |
| Home Improvement | 3 | $495,000 | $165,000 | $245,000 | $90,000 | $195,000 |
| 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 | 378 | $127,850,000 | $338,000 | $1,465,000 | $127,000 | $2,271,000 |
| Not Provided | 245 | $88,765,000 | $362,000 | $1,605,000 | $122,000 | $891,000 |
| Black or African American | 191 | $73,375,000 | $384,000 | $1,075,000 | $101,000 | $256,000 |
| Hispanic | 155 | $58,685,000 | $378,000 | $795,000 | $95,000 | $265,000 |
| Asian | 59 | $19,525,000 | $330,000 | $745,000 | $104,000 | $278,000 |
| American Indian or Alaskan Native | 1 | $405,000 | $405,000 | $405,000 | $129,000 | $129,000 |
| Native Hawaiian 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) | 570 | $199,190,000 | $349,000 | $1,605,000 | $131,000 | $2,271,000 |
| FHA-insured (Federal Housing Administration) | 418 | $152,230,000 | $364,000 | $1,075,000 | $93,000 | $256,000 |
| VA-guaranteed (Veterans Administration) | 43 | $17,785,000 | $413,000 | $825,000 | $116,000 | $223,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 654 | $234,210,000 | $358,000 | $1,605,000 | $118,000 | $2,271,000 |
| Application Withdrawn By Applicant | 211 | $75,105,000 | $355,000 | $1,075,000 | $114,000 | $525,000 |
| Application Denied By Financial Institution | 86 | $28,750,000 | $334,000 | $695,000 | $90,000 | $270,000 |
| File Closed For Incompleteness | 77 | $29,535,000 | $383,000 | $785,000 | $120,000 | $285,000 |
| Application Approved But Not Accepted | 2 | $1,260,000 | $630,000 | $925,000 | $102,000 | $204,000 |
| Preapproval Denied by Financial Institution | 1 | $345,000 | $345,000 | $345,000 | $79,000 | $79,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 944 | $340,110,000 | $360,000 | $1,605,000 | $117,000 | $2,271,000 |
| Collateral | 21 | $6,785,000 | $323,000 | $645,000 | $95,000 | $178,000 |
| Debt-To-Income Ratio | 20 | $7,540,000 | $377,000 | $685,000 | $84,000 | $195,000 |
| Other | 18 | $5,150,000 | $286,000 | $535,000 | $93,000 | $168,000 |
| Credit History | 10 | $2,690,000 | $269,000 | $615,000 | $76,000 | $191,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $3,685,000 | $409,000 | $695,000 | $112,000 | $270,000 |
| Unverifiable Information | 5 | $2,355,000 | $471,000 | $675,000 | $101,000 | $130,000 |
| Credit Application Incomplete | 4 | $890,000 | $222,000 | $305,000 | $42,000 | $66,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Island Mortgage Corp.'s 2018 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 Mid-Island Mortgage Corp.'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.
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