Millennium Capital Inc Mortgage Lending & HMDA Data, 2003
In 2003, Millennium Capital Inc of Reston, VA reported 1,651 mortgage applications totaling $296.3 million. The average application was for $179,453, and applicants reported an average income of $99,009. 53% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Baltimore, MD (61), Washington, DC-MD-VA-WV (53) and Richmond-Petersburg, VA (41) (applications in parentheses).
| Mortgage Company & Address | Millennium Capital Inc 1601 Washington Plaza Reston, VA 20190 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,651 |
| Total Mortgage Loan Application Amount | $296,277,000 |
| Average Mortgage Loan Application Amount | $179,453 |
| Highest Mortgage Loan Application Amount | $996,000 |
| Average Applicant Income | $99,009 |
| Highest Applicant Income | $904,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Millennium Capital Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Baltimore, MD | 61 | $ 8,546,000 | $ 140,098 | $ 93,000 |
| Washington, DC-MD-VA-WV | 53 | $ 13,105,000 | $ 247,264 | $ 91,000 |
| Richmond-Petersburg, VA | 41 | $ 6,341,000 | $ 154,658 | $ 78,000 |
| Los Angeles-Long Beach, CA | 38 | $ 9,285,000 | $ 244,342 | $ 134,000 |
| Philadelphia, PA-NJ | 33 | $ 6,088,000 | $ 184,484 | $ 87,000 |
| Minneapolis-St. Paul, MN-WI | 30 | $ 4,684,000 | $ 156,133 | $ 105,000 |
| Seattle-Bellevue-Everett, WA | 30 | $ 6,528,000 | $ 217,600 | $ 110,000 |
| Newark, NJ | 28 | $ 6,097,000 | $ 217,750 | $ 114,000 |
| Boston, MA-NH | 27 | $ 7,452,000 | $ 276,000 | $ 134,000 |
| Norfolk-Virginia Beach-Newport News, VA-NC | 27 | $ 1,736,000 | $ 64,296 | $ 75,000 |
| Las Vegas, NV-AZ | 25 | $ 3,943,000 | $ 157,720 | $ 65,000 |
| Middlesex-Somerset-Hunterdon, NJ | 25 | $ 6,426,000 | $ 257,040 | $ 133,000 |
| Monmouth-Ocean, NJ | 24 | $ 5,870,000 | $ 244,583 | $ 158,000 |
| Oakland, CA | 24 | $ 4,819,000 | $ 200,791 | $ 154,000 |
| Phoenix-Mesa, AZ | 22 | $ 3,616,000 | $ 164,363 | $ 93,000 |
| Chicago, IL | 21 | $ 4,370,000 | $ 208,095 | $ 147,000 |
| Cleveland-Lorain-Elyria, OH | 21 | $ 2,310,000 | $ 110,000 | $ 106,000 |
| Bergen-Passaic, NJ | 19 | $ 5,494,000 | $ 289,157 | $ 156,000 |
| San Diego, CA | 19 | $ 4,577,000 | $ 240,894 | $ 69,000 |
| Orange County, CA | 18 | $ 4,966,000 | $ 275,888 | $ 89,000 |
| Providence-Fall River-Warwick, RI-MA | 15 | $ 2,827,000 | $ 188,466 | $ 114,000 |
| San Francisco, CA | 15 | $ 2,887,000 | $ 192,466 | $ 166,000 |
| Tampa-St. Petersburg-Clearwater, FL | 15 | $ 2,079,000 | $ 138,600 | $ 75,000 |
| Hartford, CT | 14 | $ 2,410,000 | $ 172,142 | $ 98,000 |
| Denver, CO | 12 | $ 2,823,000 | $ 235,250 | $ 93,000 |
| Indianapolis, IN | 11 | $ 1,795,000 | $ 163,181 | $ 96,000 |
| Riverside-San Bernardino, CA | 11 | $ 2,000,000 | $ 181,818 | $ 92,000 |
| Harrisburg-Lebanon-Carlisle, PA | 10 | $ 1,258,000 | $ 125,800 | $ 79,000 |
| Cincinnati, OH-KY-IN | 9 | $ 717,000 | $ 79,666 | $ 91,000 |
| Columbus, OH | 9 | $ 727,000 | $ 80,777 | $ 74,000 |
| Detroit, MI | 9 | $ 1,018,000 | $ 113,111 | $ 71,000 |
| Fayetteville-Springdale-Rogers, AR | 8 | $ 487,000 | $ 60,875 | $ 66,000 |
| Pittsburgh, PA | 8 | $ 604,000 | $ 75,500 | $ 80,000 |
| San Jose, CA | 8 | $ 1,615,000 | $ 201,875 | $ 124,000 |
| Wilmington-Newark, DE-MD | 8 | $ 1,254,000 | $ 156,750 | $ 80,000 |
| Bridgeport, CT | 7 | $ 1,639,000 | $ 234,142 | $ 131,000 |
| Jacksonville, FL | 7 | $ 477,000 | $ 68,142 | $ 62,000 |
| Louisville, KY-IN | 7 | $ 849,000 | $ 121,285 | $ 87,000 |
| Sacramento, CA | 7 | $ 1,168,000 | $ 166,857 | $ 116,000 |
| Ann Arbor, MI | 6 | $ 1,198,000 | $ 199,666 | $ 67,000 |
| Charlottesville, VA | 6 | $ 797,000 | $ 132,833 | $ 63,000 |
| Lancaster, PA | 6 | $ 724,000 | $ 120,666 | $ 77,000 |
| Oklahoma City, OK | 6 | $ 360,000 | $ 60,000 | $ 67,000 |
| Stockton-Lodi, CA | 6 | $ 645,000 | $ 107,500 | $ 84,000 |
| Toledo, OH | 6 | $ 266,000 | $ 44,333 | $ 54,000 |
| Ventura, CA | 6 | $ 1,410,000 | $ 235,000 | $ 95,000 |
| Colorado Springs, CO | 5 | $ 557,000 | $ 111,400 | $ 97,000 |
| Dayton-Springfield, OH | 5 | $ 188,000 | $ 37,600 | $ 66,000 |
| Manchester, NH | 5 | $ 693,000 | $ 138,600 | $ 83,000 |
| Nashua, NH | 5 | $ 1,076,000 | $ 215,200 | $ 100,000 |
| Portsmouth-Rochester, NH-ME | 5 | $ 1,323,000 | $ 264,600 | $ 91,000 |
| Reading, PA | 5 | $ 388,000 | $ 77,600 | $ 64,000 |
| Roanoke, VA | 5 | $ 187,000 | $ 37,400 | $ 70,000 |
| Stamford-Norwalk, CT | 5 | $ 1,643,000 | $ 328,600 | $ 151,000 |
| Tulsa, OK | 5 | $ 780,000 | $ 156,000 | $ 114,000 |
| Akron, OH | 4 | $ 714,000 | $ 178,500 | $ 113,000 |
| Allentown-Bethlehem-Easton, PA | 4 | $ 455,000 | $ 113,750 | $ 71,000 |
| Charleston-North Charleston, SC | 4 | $ 371,000 | $ 92,750 | $ 70,000 |
| Fort Lauderdale, FL | 4 | $ 417,000 | $ 104,250 | $ 61,000 |
| Jersey City, NJ | 4 | $ 1,067,000 | $ 266,750 | $ 190,000 |
| Lexington, KY | 4 | $ 1,138,000 | $ 284,500 | $ 103,000 |
| Milwaukee-Waukesha, WI | 4 | $ 701,000 | $ 175,250 | $ 127,000 |
| New Haven-Meriden, CT | 4 | $ 834,000 | $ 208,500 | $ 68,000 |
| Portland, ME | 4 | $ 692,000 | $ 173,000 | $ 120,000 |
| Salt Lake City-Ogden, UT | 4 | $ 298,000 | $ 74,500 | $ 66,000 |
| Shreveport-Bossier City, LA | 4 | $ 1,084,000 | $ 271,000 | $ 257,000 |
| Atlanta, GA | 3 | $ 532,000 | $ 177,333 | $ 70,000 |
| Atlantic-Cape May, NJ | 3 | $ 299,000 | $ 99,666 | $ 80,000 |
| Baton Rouge, LA | 3 | $ 431,000 | $ 143,666 | $ 70,000 |
| Boise City, ID | 3 | $ 106,000 | $ 35,333 | $ 35,000 |
| Burlington, VT | 3 | $ 490,000 | $ 163,333 | $ 86,000 |
| Fort Myers-Cape Coral, FL | 3 | $ 355,000 | $ 118,333 | $ 89,000 |
| Fort Smith, AR-OK | 3 | $ 122,000 | $ 40,666 | $ 41,000 |
| Greenville-Spartanburg-Anderson, SC | 3 | $ 581,000 | $ 193,666 | $ 120,000 |
| Hagerstown, MD | 3 | $ 288,000 | $ 96,000 | $ 77,000 |
| Lincoln, NE | 3 | $ 462,000 | $ 154,000 | $ 95,000 |
| Little Rock-North Little Rock, AR | 3 | $ 162,000 | $ 54,000 | $ 52,000 |
| Lowell, MA-NH | 3 | $ 972,000 | $ 324,000 | $ 110,000 |
| Memphis, TN-AR-MS | 3 | $ 145,000 | $ 48,333 | $ 93,000 |
| Omaha, NE-IA | 3 | $ 699,000 | $ 233,000 | $ 255,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 3 | $ 164,000 | $ 54,666 | $ 82,000 |
| Youngstown-Warren, OH | 3 | $ 613,000 | $ 204,333 | $ 108,000 |
| Altoona, PA | 2 | $ 80,000 | $ 40,000 | $ 44,000 |
| Bismarck, ND | 2 | $ 288,000 | $ 144,000 | $ 67,000 |
| Danbury, CT | 2 | $ 233,000 | $ 116,500 | $ 99,000 |
| Dover, DE | 2 | $ 60,000 | $ 30,000 | $ 71,000 |
| Fort Pierce-Port St. Lucie, FL | 2 | $ 317,000 | $ 158,500 | $ 120,000 |
| Fort Wayne, IN | 2 | $ 75,000 | $ 37,500 | $ 105,000 |
| Grand Rapids-Muskegon-Holland, MI | 2 | $ 40,000 | $ 20,000 | $ 61,000 |
| Hamilton-Middletown, OH | 2 | $ 54,000 | $ 27,000 | $ 101,000 |
| Huntsville, AL | 2 | $ 157,000 | $ 78,500 | $ 153,000 |
| Kansas City, MO-KS | 2 | $ 214,000 | $ 107,000 | $ 72,000 |
| Knoxville, TN | 2 | $ 83,000 | $ 41,500 | $ 105,000 |
| Lewiston-Auburn, ME | 2 | $ 162,000 | $ 81,000 | $ 41,000 |
| Lynchburg, VA | 2 | $ 360,000 | $ 180,000 | $ 62,000 |
| Melbourne-Titusville-Palm Bay, FL | 2 | $ 199,000 | $ 99,500 | $ 56,000 |
| Nashville, TN | 2 | $ 632,000 | $ 316,000 | $ 122,000 |
| New Orleans, LA | 2 | $ 718,000 | $ 359,000 | $ 259,000 |
| Olympia, WA | 2 | $ 100,000 | $ 50,000 | $ 155,000 |
| Orlando, FL | 2 | $ 213,000 | $ 106,500 | $ 78,000 |
| Pensacola, FL | 2 | $ 355,000 | $ 177,500 | $ 112,000 |
| Salinas, CA | 2 | $ 582,000 | $ 291,000 | $ 96,000 |
| Santa Rosa, CA | 2 | $ 354,000 | $ 177,000 | $ 75,000 |
| Springfield, MA | 2 | $ 279,000 | $ 139,500 | $ 42,000 |
| St. Louis, MO-IL | 2 | $ 744,000 | $ 372,000 | $ 151,000 |
| Tacoma, WA | 2 | $ 334,000 | $ 167,000 | $ 81,000 |
| Vallejo-Fairfield-Napa, CA | 2 | $ 316,000 | $ 158,000 | $ 90,000 |
| West Palm Beach-Boca Raton, FL | 2 | $ 257,000 | $ 128,500 | $ 48,000 |
| Albuquerque, NM | 1 | $ 150,000 | $ 150,000 | $ 93,000 |
| Anniston, AL | 1 | $ 30,000 | $ 30,000 | $ 31,000 |
| Bakersfield, CA | 1 | $ 24,000 | $ 24,000 | $ 71,000 |
| Biloxi-Gulfport-Pascagoula, MS | 1 | $ 284,000 | $ 284,000 | $ 135,000 |
| Boulder-Longmont, CO | 1 | $ 499,000 | $ 499,000 | $ 156,000 |
| Brockton, MA | 1 | $ 230,000 | $ 230,000 | $ 107,000 |
| Cedar Rapids, IA | 1 | $ 25,000 | $ 25,000 | $ 51,000 |
| Chico-Paradise, CA | 1 | $ 73,000 | $ 73,000 | $ 41,000 |
| Columbia, MO | 1 | $ 247,000 | $ 247,000 | $ 91,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 35,000 | $ 35,000 | $ 53,000 |
| Daytona Beach, FL | 1 | $ 210,000 | $ 210,000 | $ 349,000 |
| Duluth-Superior, MN-WI | 1 | $ 184,000 | $ 184,000 | $ 0 |
| Dutchess County, NY | 1 | $ 120,000 | $ 120,000 | $ 74,000 |
| Erie, PA | 1 | $ 45,000 | $ 45,000 | $ 48,000 |
| Fargo-Moorhead, ND-MN | 1 | $ 64,000 | $ 64,000 | $ 72,000 |
| Fitchburg-Leominster, MA | 1 | $ 220,000 | $ 220,000 | $ 83,000 |
| Florence, AL | 1 | $ 171,000 | $ 171,000 | $ 83,000 |
| Fort Collins-Loveland, CO | 1 | $ 70,000 | $ 70,000 | $ 70,000 |
| Fresno, CA | 1 | $ 65,000 | $ 65,000 | $ 74,000 |
| Johnstown, PA | 1 | $ 28,000 | $ 28,000 | $ 41,000 |
| Kenosha, WI | 1 | $ 50,000 | $ 50,000 | $ 492,000 |
| Lansing-East Lansing, MI | 1 | $ 249,000 | $ 249,000 | $ 205,000 |
| Lawrence, MA-NH | 1 | $ 338,000 | $ 338,000 | $ 347,000 |
| Lawton, OK | 1 | $ 50,000 | $ 50,000 | $ 111,000 |
| Miami, FL | 1 | $ 50,000 | $ 50,000 | $ 119,000 |
| Modesto, CA | 1 | $ 192,000 | $ 192,000 | $ 58,000 |
| Nassau-Suffolk, NY | 1 | $ 540,000 | $ 540,000 | $ 235,000 |
| New London-Norwich, CT-RI | 1 | $ 318,000 | $ 318,000 | $ 92,000 |
| New York, NY | 1 | $ 361,000 | $ 361,000 | $ 109,000 |
| Owensboro, KY | 1 | $ 75,000 | $ 75,000 | $ 129,000 |
| Pocatello, ID | 1 | $ 396,000 | $ 396,000 | $ 0 |
| Portland-Vancouver, OR-WA | 1 | $ 270,000 | $ 270,000 | $ 82,000 |
| Raleigh-Durham-Chapel Hill, NC | 1 | $ 250,000 | $ 250,000 | $ 132,000 |
| Redding, CA | 1 | $ 88,000 | $ 88,000 | $ 38,000 |
| Rochester, MN | 1 | $ 22,000 | $ 22,000 | $ 35,000 |
| Saginaw-Bay City-Midland, MI | 1 | $ 111,000 | $ 111,000 | $ 80,000 |
| Salem, OR | 1 | $ 283,000 | $ 283,000 | $ 155,000 |
| San Luis Obispo-Atascadero-Paso Robles, CA | 1 | $ 54,000 | $ 54,000 | $ 109,000 |
| Sharon, PA | 1 | $ 116,000 | $ 116,000 | $ 69,000 |
| State College, PA | 1 | $ 58,000 | $ 58,000 | $ 120,000 |
| Steubenville-Weirton, OH-WV | 1 | $ 25,000 | $ 25,000 | $ 66,000 |
| Trenton, NJ | 1 | $ 31,000 | $ 31,000 | $ 124,000 |
| Tucson, AZ | 1 | $ 212,000 | $ 212,000 | $ 115,000 |
| Visalia-Tulare-Porterville, CA | 1 | $ 184,000 | $ 184,000 | $ 0 |
| Waterloo-Cedar Falls, IA | 1 | $ 45,000 | $ 45,000 | $ 75,000 |
| Wausau, WI | 1 | $ 37,000 | $ 37,000 | $ 53,000 |
| Wichita, KS | 1 | $ 81,000 | $ 81,000 | $ 31,000 |
| York, PA | 1 | $ 52,000 | $ 52,000 | $ 87,000 |
Mortgage Loan Application Detail Totals for Millennium Capital Inc in 2003
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 (home purchase or home improvement, one-to-four family) | 1,259 | $234,550,000 | $168,133 | $996,000 | $97,266 | $904,000 |
| Home Purchase (one-to-four family) | 391 | $61,604,000 | $150,777 | $741,000 | $99,500 | $453,000 |
| Home Improvement (one-to-four family) | 1 | $123,000 | $123,000 | $123,000 | $39,000 | $39,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 |
|---|---|---|---|---|---|---|
| Information not provided by applicant in mail or telephone application | 1,232 | $233,861,000 | $167,111 | $996,000 | $98,022 | $492,000 |
| White | 338 | $50,282,000 | $157,432 | $926,000 | $98,486 | $904,000 |
| Asian or Pacific Islander | 29 | $5,151,000 | $176,166 | $500,000 | $111,333 | $212,000 |
| Black | 28 | $3,278,000 | $129,500 | $359,000 | $72,833 | $138,000 |
| Hispanic | 20 | $3,227,000 | $172,000 | $384,000 | $102,750 | $140,000 |
| Other | 3 | $375,000 | $148,000 | $218,000 | $188,000 | $223,000 |
| American Indian or Alaskan Native | 1 | $103,000 | $103,000 | $103,000 | $66,000 | $66,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,650 | $295,997,000 | $159,673 | $996,000 | $96,369 | $904,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $280,000 | $280,000 | $280,000 | $156,000 | $156,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing Administration) | 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 | 871 | $172,272,000 | $160,595 | $996,000 | $97,738 | $904,000 |
| Application Withdrawn By Applicant | 655 | $111,421,000 | $167,604 | $860,000 | $99,837 | $492,000 |
| File Closed For Incompleteness | 63 | $5,618,000 | $103,722 | $361,000 | $90,722 | $453,000 |
| Application Denied By Financial Institution | 41 | $3,630,000 | $77,750 | $525,000 | $52,291 | $201,000 |
| Application Approved But Not Accepted | 21 | $3,336,000 | $125,923 | $560,000 | $41,153 | $300,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Credit History | 19 | $1,897,000 | $78,461 | $525,000 | $33,692 | $120,000 |
| Debt-To-Income Ratio | 10 | $458,000 | $45,800 | $58,000 | $57,900 | $100,000 |
| Other | 6 | $642,000 | $105,500 | $275,000 | $82,250 | $201,000 |
| Collateral | 3 | $374,000 | $124,666 | $172,000 | $72,000 | $89,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $101,000 | $50,000 | $51,000 | $53,000 | $77,000 |
| Unverifiable Information | 1 | $158,000 | $158,000 | $158,000 | $51,000 | $51,000 |
| Mortgage Insurance Denied | 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 Millennium Capital Inc's 2003 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 Millennium Capital 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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