Milend, Inc Mortgage Lending & HMDA Data, 2023

In 2023, Milend, Inc of Alpharetta, GA reported 4,645 mortgage applications totaling $1.2 billion, up 14% from 2022. The average application was for $254,545, and applicants reported an average income of $87,000. 28% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (963), Charlotte-Concord-Gastonia, NC-SC (125) and Virginia Beach-Norfolk-Newport News, VA-NC (122) (applications in parentheses).

Mortgage Company & Address Milend, Inc
375 Northridge Rd, Suite 600
Alpharetta, GA 30009
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  
Total Number of Mortgage Applications 4,645
Total Mortgage Loan Application Amount $1,182,365,000
Average Mortgage Loan Application Amount $254,545
Highest Mortgage Loan Application Amount $3,715,000
Average Applicant Income $87,000
Highest Applicant Income $1,500,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Milend, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Milend, Inc by Metropolitan Area in 2023

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Atlanta-Sandy Springs-Roswell, GA 963 $ 274,715,000 $ 285,269 $ 95,000
Outside any metro area 468 $ 97,440,000 $ 208,205 $ 77,091
Charlotte-Concord-Gastonia, NC-SC 125 $ 32,955,000 $ 263,640 $ 79,768
Virginia Beach-Norfolk-Newport News, VA-NC 122 $ 31,850,000 $ 261,065 $ 81,000
Nashville-Davidson--Murfreesboro--Franklin, TN 116 $ 30,660,000 $ 264,310 $ 78,000
Birmingham-Hoover, AL 103 $ 20,465,000 $ 198,689 $ 74,000
Richmond, VA 102 $ 25,630,000 $ 251,274 $ 86,000
Tampa-St. Petersburg-Clearwater, FL 99 $ 27,895,000 $ 281,767 $ 92,000
Jacksonville, FL 96 $ 25,820,000 $ 268,958 $ 82,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 89 $ 35,415,000 $ 397,921 $ 135,674
Orlando-Kissimmee-Sanford, FL 81 $ 21,475,000 $ 265,123 $ 78,000
Augusta-Richmond County, GA-SC 77 $ 16,765,000 $ 217,727 $ 88,363
Minneapolis-St. Paul-Bloomington, MN-WI 61 $ 17,245,000 $ 282,704 $ 96,000
Memphis, TN-MS-AR 56 $ 12,700,000 $ 226,785 $ 79,000
Chattanooga, TN-GA 51 $ 10,805,000 $ 211,862 $ 81,823
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 51 $ 14,185,000 $ 278,137 $ 82,000
Huntsville, AL 50 $ 11,330,000 $ 226,600 $ 75,000
Montgomery, AL 50 $ 8,930,000 $ 178,600 $ 65,000
Montgomery County-Bucks County-Chester County, PA 47 $ 17,725,000 $ 377,127 $ 111,000
Savannah, GA 46 $ 11,040,000 $ 240,000 $ 86,000
Columbia, SC 45 $ 9,815,000 $ 218,111 $ 90,000
Pittsburgh, PA 44 $ 9,630,000 $ 218,863 $ 102,000
Mobile, AL 42 $ 7,700,000 $ 183,333 $ 73,000
Greensboro-High Point, NC 41 $ 8,225,000 $ 200,609 $ 70,000
Lakeland-Winter Haven, FL 41 $ 9,655,000 $ 235,487 $ 77,000
Miami-Miami Beach-Kendall, FL 41 $ 13,185,000 $ 321,585 $ 108,000
Knoxville, TN 40 $ 9,980,000 $ 249,500 $ 84,000
Philadelphia, PA 39 $ 8,015,000 $ 205,512 $ 86,000
Raleigh, NC 37 $ 9,895,000 $ 267,432 $ 93,000
Charleston-North Charleston, SC 34 $ 8,470,000 $ 249,117 $ 73,000
Columbus, GA-AL 34 $ 8,380,000 $ 246,470 $ 84,352
West Palm Beach-Boca Raton-Delray Beach, FL 34 $ 13,160,000 $ 387,058 $ 117,000
Warner Robins, GA 33 $ 8,875,000 $ 268,939 $ 85,000
Deltona-Daytona Beach-Ormond Beach, FL 32 $ 8,230,000 $ 257,187 $ 80,000
Gainesville, GA 32 $ 9,330,000 $ 291,562 $ 88,000
Allentown-Bethlehem-Easton, PA-NJ 31 $ 7,355,000 $ 237,258 $ 69,000
Macon-Bibb County, GA 30 $ 5,450,000 $ 181,666 $ 73,000
Winston-Salem, NC 30 $ 6,370,000 $ 212,333 $ 78,000
Durham-Chapel Hill, NC 29 $ 6,695,000 $ 230,862 $ 85,000
Fayetteville, NC 29 $ 7,305,000 $ 251,896 $ 88,000
Worcester, MA-CT 29 $ 7,175,000 $ 247,413 $ 91,000
Clarksville, TN-KY 28 $ 6,370,000 $ 227,500 $ 74,000
Boston, MA 27 $ 9,925,000 $ 367,592 $ 101,000
Port St. Lucie, FL 27 $ 7,345,000 $ 272,037 $ 82,000
Harrisburg-Carlisle, PA 26 $ 5,000,000 $ 192,307 $ 78,000
Palm Bay-Melbourne-Titusville, FL 26 $ 5,770,000 $ 221,923 $ 66,000
North Port-Sarasota-Bradenton, FL 24 $ 7,620,000 $ 317,500 $ 90,000
Cape Coral-Fort Myers, FL 21 $ 7,515,000 $ 357,857 $ 99,000
York-Hanover, PA 21 $ 4,525,000 $ 215,476 $ 86,000
Greenville-Anderson-Mauldin, SC 20 $ 4,600,000 $ 230,000 $ 67,000
Pensacola-Ferry Pass-Brent, FL 19 $ 4,655,000 $ 245,000 $ 83,000
Kingsport-Bristol-Bristol, TN-VA 18 $ 3,620,000 $ 201,111 $ 67,166
Spartanburg, SC 18 $ 3,780,000 $ 210,000 $ 67,000
Tuscaloosa, AL 18 $ 4,010,000 $ 222,777 $ 81,000
Athens-Clarke County, GA 17 $ 4,155,000 $ 244,411 $ 94,000
Daphne-Fairhope-Foley, AL 17 $ 4,185,000 $ 246,176 $ 97,000
Hinesville, GA 17 $ 3,235,000 $ 190,294 $ 78,000
Lancaster, PA 17 $ 4,095,000 $ 240,882 $ 84,000
Providence-Warwick, RI-MA 17 $ 5,195,000 $ 305,588 $ 101,000
Cambridge-Newton-Framingham, MA 16 $ 6,510,000 $ 406,875 $ 129,000
Ocala, FL 16 $ 3,770,000 $ 235,625 $ 62,000
Reading, PA 16 $ 3,960,000 $ 247,500 $ 78,000
Dothan, AL 15 $ 2,705,000 $ 180,333 $ 172,000
Johnson City, TN 15 $ 3,425,000 $ 228,333 $ 76,000
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 15 $ 4,125,000 $ 275,000 $ 93,200
Roanoke, VA 15 $ 3,635,000 $ 242,333 $ 92,000
Springfield, MA 15 $ 3,345,000 $ 223,000 $ 76,000
Tallahassee, FL 15 $ 3,685,000 $ 245,666 $ 105,000
Valdosta, GA 15 $ 3,245,000 $ 216,333 $ 85,000
Auburn-Opelika, AL 14 $ 3,010,000 $ 215,000 $ 85,000
Dalton, GA 14 $ 3,020,000 $ 215,714 $ 86,000
Lynchburg, VA 14 $ 2,570,000 $ 183,571 $ 58,000
Gadsden, AL 13 $ 2,815,000 $ 216,538 $ 68,000
Wilmington, NC 13 $ 3,265,000 $ 251,153 $ 78,000
Albany, GA 12 $ 2,140,000 $ 178,333 $ 85,000
Baltimore-Columbia-Towson, MD 12 $ 3,760,000 $ 313,333 $ 104,000
Burlington, NC 12 $ 2,840,000 $ 236,666 $ 73,000
Columbus, OH 12 $ 2,630,000 $ 219,166 $ 91,000
Warren-Troy-Farmington Hills, MI 12 $ 2,770,000 $ 230,833 $ 108,000
Cincinnati, OH-KY-IN 11 $ 2,545,000 $ 231,363 $ 102,000
Crestview-Fort Walton Beach-Destin, FL 11 $ 2,655,000 $ 241,363 $ 98,000
East Stroudsburg, PA 11 $ 2,435,000 $ 221,363 $ 66,000
Chambersburg-Waynesboro, PA 10 $ 2,020,000 $ 202,000 $ 65,000
Decatur, AL 10 $ 2,170,000 $ 217,000 $ 95,000
Homosassa Springs, FL 10 $ 2,470,000 $ 247,000 $ 95,000
Morristown, TN 10 $ 2,320,000 $ 232,000 $ 74,000
Rocky Mount, NC 10 $ 2,020,000 $ 202,000 $ 76,000
Scranton--Wilkes-Barre--Hazleton, PA 10 $ 1,980,000 $ 198,000 $ 83,000
Anniston-Oxford-Jacksonville, AL 9 $ 1,325,000 $ 147,222 $ 70,000
Cleveland-Elyria, OH 9 $ 1,725,000 $ 191,666 $ 76,000
Erie, PA 9 $ 1,415,000 $ 157,222 $ 81,000
Florence, SC 9 $ 3,395,000 $ 377,222 $ 73,000
Hickory-Lenoir-Morganton, NC 9 $ 2,385,000 $ 265,000 $ 97,000
Jackson, TN 9 $ 1,695,000 $ 188,333 $ 72,000
Rome, GA 9 $ 2,015,000 $ 223,888 $ 72,000
Winchester, VA-WV 9 $ 2,025,000 $ 225,000 $ 79,000
Asheville, NC 8 $ 2,650,000 $ 331,250 $ 84,000
Barnstable Town, MA 8 $ 4,490,000 $ 561,250 $ 94,000
Blacksburg-Christiansburg-Radford, VA 8 $ 1,530,000 $ 191,250 $ 83,000
Jacksonville, NC 8 $ 1,620,000 $ 202,500 $ 76,000
Pittsfield, MA 8 $ 1,820,000 $ 227,500 $ 65,000
Staunton-Waynesboro, VA 8 $ 1,850,000 $ 231,250 $ 77,000
Canton-Massillon, OH 7 $ 1,325,000 $ 189,285 $ 88,000
Charlottesville, VA 7 $ 1,845,000 $ 263,571 $ 78,000
Cleveland, TN 7 $ 1,485,000 $ 212,142 $ 59,000
Detroit-Dearborn-Livonia, MI 7 $ 1,455,000 $ 207,857 $ 86,000
Gainesville, FL 7 $ 1,475,000 $ 210,714 $ 53,000
Hilton Head Island-Bluffton-Beaufort, SC 7 $ 1,945,000 $ 277,857 $ 143,000
New Bern, NC 7 $ 1,245,000 $ 177,857 $ 59,000
Panama City, FL 7 $ 1,405,000 $ 200,714 $ 86,000
Dayton-Springfield-Kettering, OH 6 $ 960,000 $ 160,000 $ 60,000
Sumter, SC 6 $ 1,070,000 $ 178,333 $ 77,000
Florence-Muscle Shoals, AL 5 $ 1,025,000 $ 205,000 $ 89,000
Goldsboro, NC 5 $ 925,000 $ 185,000 $ 89,000
Naples-Immokalee-Marco Island, FL 5 $ 1,875,000 $ 375,000 $ 99,000
Sebastian-Vero Beach, FL 5 $ 1,275,000 $ 255,000 $ 62,000
Sebring, FL 5 $ 855,000 $ 171,000 $ 93,000
State College, PA 5 $ 1,225,000 $ 245,000 $ 58,000
Toledo, OH 5 $ 1,165,000 $ 233,000 $ 93,000
Brunswick, GA 4 $ 800,000 $ 200,000 $ 64,000
Greenville, NC 4 $ 700,000 $ 175,000 $ 49,000
Harrisonburg, VA 4 $ 830,000 $ 207,500 $ 90,000
Newark, NJ-PA 4 $ 910,000 $ 227,500 $ 150,000
St. Cloud, MN 4 $ 770,000 $ 192,500 $ 87,000
Washington-Baltimore-Arlington, DC 4 $ 1,300,000 $ 325,000 $ 108,000
Williamsport, PA 4 $ 740,000 $ 185,000 $ 71,000
Akron, OH 3 $ 765,000 $ 255,000 $ 67,000
Kalamazoo-Portage, MI 3 $ 685,000 $ 228,333 $ 66,000
Lansing-East Lansing, MI 3 $ 375,000 $ 125,000 $ 53,000
Lebanon, PA 3 $ 725,000 $ 241,666 $ 87,000
New York-Newark, NY 3 $ 1,035,000 $ 345,000 $ 110,000
Punta Gorda, FL 3 $ 985,000 $ 328,333 $ 153,000
Salisbury, MD-DE 3 $ 805,000 $ 268,333 $ 86,000
Gettysburg, PA 2 $ 380,000 $ 190,000 $ 56,000
Grand Rapids-Wyoming, MI 2 $ 510,000 $ 255,000 $ 68,000
Trenton, NJ 2 $ 780,000 $ 390,000 $ 131,000
Altoona, PA 1 $ 135,000 $ 135,000 $ 65,000
Ann Arbor, MI 1 $ 365,000 $ 365,000 $ 130,000
Atlantic City-Hammonton, NJ 1 $ 165,000 $ 165,000 $ 98,000
Bay City, MI 1 $ 175,000 $ 175,000 $ 91,000
Camden, NJ 1 $ 405,000 $ 405,000 $ 170,000
Fargo, ND-MN 1 $ 175,000 $ 175,000 $ 66,000
Johnstown, PA 1 $ 155,000 $ 155,000 $ 97,000
Lima, OH 1 $ 405,000 $ 405,000 $ 77,000
Monroe, MI 1 $ 365,000 $ 365,000 $ 116,000
Muskegon, MI 1 $ 155,000 $ 155,000 $ 54,000
Rochester, MN 1 $ 165,000 $ 165,000 $ 45,000
Saginaw, MI 1 $ 265,000 $ 265,000 $ 136,000
South Bend-Mishawaka, IN-MI 1 $ 175,000 $ 175,000 $ 92,000
The Villages, FL 1 $ 325,000 $ 325,000 $ 80,000
Youngstown-Warren-Boardman, OH-PA 1 $ 1,965,000 $ 1,965,000 $ 125,000

Mortgage Loan Application Detail Totals for Milend, Inc 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
Refinancing 4,443 $1,111,555,000 $250,000 $3,715,000 $85,000 $1,500,000
Home Purchase 202 $70,810,000 $350,000 $1,345,000 $131,000 $562,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0
Cash-out Refinancing 0 $0 $0 $0 $0 $0
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 2,057 $547,345,000 $266,000 $3,715,000 $92,000 $562,000
Black or African American 1,190 $284,390,000 $238,000 $2,035,000 $80,000 $430,000
Not Provided 1,141 $280,855,000 $246,000 $2,725,000 $83,000 $1,500,000
Hispanic 200 $52,580,000 $262,000 $615,000 $87,000 $384,000
Asian 39 $11,575,000 $296,000 $655,000 $96,000 $255,000
American Indian or Alaskan Native 15 $4,885,000 $325,000 $765,000 $116,000 $224,000
Native Hawaiian or Other Pacific Islander 3 $735,000 $245,000 $365,000 $79,000 $122,000
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
FHA-insured (Federal Housing Administration) 3,089 $743,845,000 $240,000 $3,715,000 $81,000 $1,500,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 954 $268,990,000 $281,000 $2,725,000 $103,000 $996,000
VA-guaranteed (Veterans Administration) 600 $168,830,000 $281,000 $1,805,000 $88,000 $430,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $700,000 $350,000 $465,000 $158,000 $235,000

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
Application Withdrawn By Applicant 2,310 $584,900,000 $253,000 $3,715,000 $87,000 $1,500,000
Loan Originated 1,305 $334,235,000 $256,000 $1,345,000 $92,000 $459,000
File Closed For Incompleteness 504 $128,050,000 $254,000 $2,305,000 $82,000 $335,000
Application Denied By Financial Institution 492 $124,710,000 $253,000 $2,035,000 $73,000 $468,000
Application Approved But Not Accepted 34 $10,470,000 $307,000 $995,000 $94,000 $206,000
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 4,153 $1,057,655,000 $254,000 $3,715,000 $88,000 $1,500,000
Debt-To-Income Ratio 214 $56,720,000 $265,000 $2,035,000 $62,000 $468,000
Credit History 179 $42,505,000 $237,000 $535,000 $80,000 $240,000
Collateral 54 $13,410,000 $248,000 $955,000 $83,000 $430,000
Unverifiable Information 19 $5,485,000 $288,000 $665,000 $90,000 $184,000
Other 14 $3,810,000 $272,000 $475,000 $100,000 $225,000
Employment History 9 $2,175,000 $241,000 $435,000 $67,000 $121,000
Insufficient Cash (Downpayment, Closing Cost) 3 $605,000 $201,000 $215,000 $49,000 $57,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Milend, Inc'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 Milend, Inc'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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