Mid-Island Mortgage Corp. Mortgage Lending & HMDA Data, 2024
In 2024, Mid-Island Mortgage Corp. of Westbury, NY reported 517 mortgage applications totaling $216.7 million, up 6% from 2023. The average application was for $419,177, and applicants reported an average income of $153,021. 67% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Nassau County-Suffolk County, NY (203), New York-Jersey City-White Plains, NY-NJ (110) and Kiryas Joel-Poughkeepsie-Newburgh, NY (21) (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 | 517 |
| Total Mortgage Loan Application Amount | $216,715,000 |
| Average Mortgage Loan Application Amount | $419,177 |
| Highest Mortgage Loan Application Amount | $1,805,000 |
| Average Applicant Income | $153,021 |
| Highest Applicant Income | $514,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2024
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 | 379 | $163,365,000 | $431,000 | $1,265,000 | $157,000 | $514,000 |
| Cash-out Refinancing | 108 | $42,190,000 | $390,000 | $1,805,000 | $145,000 | $382,000 |
| Refinancing | 27 | $10,515,000 | $389,000 | $775,000 | $137,000 | $269,000 |
| Home Improvement | 2 | $450,000 | $225,000 | $325,000 | $86,000 | $144,000 |
| Other Purpose | 1 | $195,000 | $195,000 | $195,000 | $78,000 | $78,000 |
| 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 | 256 | $103,150,000 | $402,000 | $1,235,000 | $154,000 | $514,000 |
| Not Provided | 107 | $47,975,000 | $448,000 | $1,805,000 | $164,000 | $425,000 |
| Black or African American | 68 | $30,080,000 | $442,000 | $1,265,000 | $130,000 | $312,000 |
| Hispanic | 56 | $22,230,000 | $396,000 | $1,145,000 | $133,000 | $299,000 |
| Asian | 29 | $12,485,000 | $430,000 | $1,085,000 | $192,000 | $484,000 |
| American Indian or Alaskan Native | 1 | $795,000 | $795,000 | $795,000 | $344,000 | $344,000 |
| 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) | 390 | $156,790,000 | $402,000 | $1,805,000 | $160,000 | $514,000 |
| FHA-insured (Federal Housing Administration) | 100 | $45,130,000 | $451,000 | $915,000 | $126,000 | $255,000 |
| VA-guaranteed (Veterans Administration) | 27 | $14,795,000 | $547,000 | $1,265,000 | $156,000 | $344,000 |
| 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 | 348 | $146,890,000 | $422,000 | $1,145,000 | $158,000 | $484,000 |
| Application Withdrawn By Applicant | 110 | $46,690,000 | $424,000 | $1,805,000 | $147,000 | $514,000 |
| Application Denied By Financial Institution | 38 | $13,620,000 | $358,000 | $915,000 | $88,000 | $144,000 |
| File Closed For Incompleteness | 21 | $9,515,000 | $453,000 | $865,000 | $160,000 | $309,000 |
| 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 | 479 | $203,095,000 | $423,000 | $1,805,000 | $155,000 | $514,000 |
| Other | 15 | $4,005,000 | $267,000 | $475,000 | $74,000 | $108,000 |
| Debt-To-Income Ratio | 11 | $4,465,000 | $405,000 | $765,000 | $93,000 | $144,000 |
| Credit History | 6 | $3,250,000 | $541,000 | $915,000 | $75,000 | $75,000 |
| Collateral | 5 | $1,315,000 | $263,000 | $465,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $585,000 | $585,000 | $585,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Island Mortgage Corp.'s 2024 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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