Milestone Home Lending, LLC Mortgage Lending & HMDA Data, 2018

In 2018, Milestone Home Lending, LLC of Fort Washington, PA reported 544 mortgage applications totaling $107.8 million. The average application was for $198,143, and applicants reported an average income of $99,507. 76% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (516), Bloomington, IN (10) and Muncie, IN (5) (applications in parentheses).

Mortgage Company & Address Milestone Home Lending, LLC
1100 Virginia Drive, Suite 125
Fort Washington, PA 19034
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  
Total Number of Mortgage Applications 544
Total Mortgage Loan Application Amount $107,790,000
Average Mortgage Loan Application Amount $198,143
Highest Mortgage Loan Application Amount $765,000
Average Applicant Income $99,507
Highest Applicant Income $3,900,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Milestone Home Lending, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Milestone Home Lending, LLC 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 498 $98,940,000 $198,000 $765,000 $100,000 $3,900,000
Refinancing 23 $5,075,000 $220,000 $725,000 $85,000 $217,000
Cash-out Refinancing 18 $2,980,000 $165,000 $385,000 $94,000 $212,000
Other Purpose 5 $795,000 $159,000 $505,000 $137,000 $235,000
Home Improvement 0 $0 $0 $0 $0 $0
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 434 $87,210,000 $200,000 $765,000 $105,000 $3,900,000
Not Provided 30 $5,760,000 $192,000 $365,000 $92,000 $320,000
Hispanic 29 $4,865,000 $167,000 $725,000 $61,000 $217,000
Black or African American 27 $5,015,000 $185,000 $445,000 $64,000 $211,000
Asian 22 $4,720,000 $214,000 $455,000 $86,000 $270,000
American Indian or Alaskan Native 2 $220,000 $110,000 $175,000 $43,000 $50,000
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) 341 $71,785,000 $210,000 $765,000 $120,000 $3,900,000
FHA-insured (Federal Housing Administration) 152 $24,210,000 $159,000 $325,000 $59,000 $191,000
VA-guaranteed (Veterans Administration) 38 $10,030,000 $263,000 $635,000 $94,000 $270,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 13 $1,765,000 $135,000 $225,000 $53,000 $78,000

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 411 $82,415,000 $200,000 $765,000 $104,000 $3,900,000
Application Withdrawn By Applicant 80 $14,840,000 $185,000 $455,000 $83,000 $334,000
Application Approved But Not Accepted 30 $5,470,000 $182,000 $335,000 $83,000 $191,000
Application Denied By Financial Institution 21 $4,425,000 $210,000 $765,000 $87,000 $456,000
File Closed For Incompleteness 2 $640,000 $320,000 $445,000 $115,000 $174,000
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 523 $103,365,000 $197,000 $765,000 $100,000 $3,900,000
Debt-To-Income Ratio 8 $2,080,000 $260,000 $765,000 $93,000 $299,000
Credit Application Incomplete 3 $805,000 $268,000 $455,000 $52,000 $78,000
Credit History 3 $505,000 $168,000 $285,000 $61,000 $72,000
Other 2 $290,000 $145,000 $215,000 $52,000 $57,000
Insufficient Cash (Downpayment, Closing Cost) 2 $350,000 $175,000 $245,000 $243,000 $456,000
Collateral 2 $340,000 $170,000 $195,000 $58,000 $72,000
Employment History 1 $55,000 $55,000 $55,000 $14,000 $14,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Milestone Home Lending, LLC'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 Milestone Home Lending, 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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