Mid-Island Mortgage Corp. Mortgage Lending & HMDA Data, 2023
In 2023, Mid-Island Mortgage Corp. of Westbury, NY reported 490 mortgage applications totaling $198.0 million, down 40% from 2022. The average application was for $404,081, and applicants reported an average income of $144,757. 65% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Nassau County-Suffolk County, NY (178), New York-Jersey City-White Plains, NY-NJ (102) and Washington-Arlington-Alexandria, DC-VA-MD-WV (27) (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 | 490 |
| Total Mortgage Loan Application Amount | $198,000,000 |
| Average Mortgage Loan Application Amount | $404,081 |
| Highest Mortgage Loan Application Amount | $1,145,000 |
| Average Applicant Income | $144,757 |
| Highest Applicant Income | $398,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2023
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 | 376 | $153,130,000 | $407,000 | $1,135,000 | $144,000 | $398,000 |
| Cash-out Refinancing | 95 | $37,715,000 | $397,000 | $1,145,000 | $149,000 | $336,000 |
| Refinancing | 12 | $4,880,000 | $406,000 | $795,000 | $129,000 | $245,000 |
| Home Improvement | 4 | $1,570,000 | $392,000 | $755,000 | $196,000 | $212,000 |
| Other Purpose | 3 | $705,000 | $235,000 | $325,000 | $100,000 | $147,000 |
| 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 | 227 | $83,245,000 | $366,000 | $1,135,000 | $144,000 | $398,000 |
| Not Provided | 122 | $52,100,000 | $427,000 | $915,000 | $156,000 | $381,000 |
| Black or African American | 68 | $32,270,000 | $474,000 | $1,145,000 | $141,000 | $340,000 |
| Hispanic | 47 | $18,505,000 | $393,000 | $755,000 | $125,000 | $318,000 |
| Asian | 24 | $11,380,000 | $474,000 | $765,000 | $140,000 | $248,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 362 | $140,900,000 | $389,000 | $1,145,000 | $148,000 | $398,000 |
| FHA-insured (Federal Housing Administration) | 111 | $49,395,000 | $445,000 | $925,000 | $132,000 | $320,000 |
| VA-guaranteed (Veterans Administration) | 17 | $7,705,000 | $453,000 | $1,005,000 | $155,000 | $336,000 |
| 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 | 320 | $128,310,000 | $400,000 | $1,145,000 | $146,000 | $398,000 |
| Application Withdrawn By Applicant | 90 | $38,190,000 | $424,000 | $1,135,000 | $148,000 | $364,000 |
| Application Denied By Financial Institution | 47 | $17,915,000 | $381,000 | $875,000 | $94,000 | $164,000 |
| File Closed For Incompleteness | 33 | $13,585,000 | $411,000 | $915,000 | $144,000 | $320,000 |
| Application Approved But Not Accepted | 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 | 443 | $180,085,000 | $406,000 | $1,145,000 | $146,000 | $398,000 |
| Other | 19 | $5,925,000 | $311,000 | $705,000 | $164,000 | $164,000 |
| Debt-To-Income Ratio | 11 | $4,365,000 | $396,000 | $655,000 | $80,000 | $160,000 |
| Credit History | 8 | $3,440,000 | $430,000 | $755,000 | $0 | $0 |
| Collateral | 4 | $1,250,000 | $312,000 | $475,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,935,000 | $645,000 | $875,000 | $162,000 | $162,000 |
| Unverifiable Information | 1 | $775,000 | $775,000 | $775,000 | $0 | $0 |
| Employment History | 1 | $225,000 | $225,000 | $225,000 | $0 | $0 |
| Credit Application Incomplete | 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 2023 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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