Millennium Capital Inc Mortgage Lending & HMDA Data, 2004
In 2004, Millennium Capital Inc of Reston, VA reported 1,360 mortgage applications totaling $335.3 million, down 18% from 2003. The average application was for $246,537, and applicants reported an average income of $84,933. 98% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Las Vegas-Paradise, NV (114), Bethesda-Frederick-Gaithersburg, MD (60) and Baltimore-Towson, MD (51) (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 | 1,360 |
| Total Mortgage Loan Application Amount | $335,291,000 |
| Average Mortgage Loan Application Amount | $246,537 |
| Highest Mortgage Loan Application Amount | $2,385,000 |
| Average Applicant Income | $84,933 |
| Highest Applicant Income | $1,067,000 |
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(HMDA) records Millennium Capital Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Las Vegas-Paradise, NV | 114 | $ 21,616,000 | $ 189,614 | $ 81,000 |
| Bethesda-Frederick-Gaithersburg, MD | 60 | $ 17,598,000 | $ 293,300 | $ 74,000 |
| Baltimore-Towson, MD | 51 | $ 11,409,000 | $ 223,705 | $ 96,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 38 | $ 11,136,000 | $ 293,052 | $ 131,000 |
| Richmond, VA | 31 | $ 3,754,000 | $ 121,096 | $ 52,000 |
| Raleigh-Cary, NC | 23 | $ 3,592,000 | $ 156,173 | $ 84,000 |
| Winchester, VA-WV | 15 | $ 2,432,000 | $ 162,133 | $ 68,000 |
| Bridgeport-Stamford-Norwalk, CT | 9 | $ 3,227,000 | $ 358,555 | $ 232,000 |
| Philadelphia, PA | 9 | $ 1,966,000 | $ 218,444 | $ 91,000 |
| Atlanta-Sandy Springs-Marietta, GA | 5 | $ 819,000 | $ 163,800 | $ 92,000 |
| Durham, NC | 5 | $ 686,000 | $ 137,200 | $ 46,000 |
| Hartford-West Hartford-East Hartford, CT | 4 | $ 448,000 | $ 112,000 | $ 76,000 |
| Los Angeles-Long Beach-Glendale, CA | 4 | $ 1,199,000 | $ 299,750 | $ 70,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 4 | $ 488,000 | $ 122,000 | $ 69,000 |
| San Diego-Carlsbad-San Marcos, CA | 4 | $ 1,455,000 | $ 363,750 | $ 137,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 4 | $ 395,000 | $ 98,750 | $ 95,000 |
| Austin-Round Rock, TX | 3 | $ 456,000 | $ 152,000 | $ 69,000 |
| Camden, NJ | 3 | $ 566,000 | $ 188,666 | $ 76,000 |
| Charleston-North Charleston, SC | 3 | $ 708,000 | $ 236,000 | $ 117,000 |
| Charlotte-Gastonia-Concord, NC-SC | 3 | $ 762,000 | $ 254,000 | $ 111,000 |
| Charlottesville, VA | 3 | $ 377,000 | $ 125,666 | $ 42,000 |
| Hagerstown-Martinsburg, MD-WV | 3 | $ 510,000 | $ 170,000 | $ 65,000 |
| Kansas City, MO-KS | 3 | $ 449,000 | $ 149,666 | $ 80,000 |
| Riverside-San Bernardino-Ontario, CA | 3 | $ 821,000 | $ 273,666 | $ 84,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 3 | $ 286,000 | $ 95,333 | $ 31,000 |
| Wilmington, DE-MD-NJ | 3 | $ 506,000 | $ 168,666 | $ 48,000 |
| Chicago-Naperville-Joliet, IL | 2 | $ 118,000 | $ 59,000 | $ 38,000 |
| Columbus, OH | 2 | $ 400,000 | $ 200,000 | $ 82,000 |
| Edison, NJ | 2 | $ 996,000 | $ 498,000 | $ 180,000 |
| Essex County, MA | 2 | $ 513,000 | $ 256,500 | $ 125,000 |
| Fresno, CA | 2 | $ 313,000 | $ 156,500 | $ 58,000 |
| Goldsboro, NC | 2 | $ 216,000 | $ 108,000 | $ 49,000 |
| Nassau-Suffolk, NY | 2 | $ 546,000 | $ 273,000 | $ 152,000 |
| New York-Wayne-White Plains, NY-NJ | 2 | $ 468,000 | $ 234,000 | $ 64,000 |
| Newark-Union, NJ-PA | 2 | $ 513,000 | $ 256,500 | $ 123,000 |
| Norwich-New London, CT | 2 | $ 301,000 | $ 150,500 | $ 64,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 308,000 | $ 154,000 | $ 42,000 |
| Reno-Sparks, NV | 2 | $ 714,000 | $ 357,000 | $ 137,000 |
| Roanoke, VA | 2 | $ 188,000 | $ 94,000 | $ 111,000 |
| San Francisco-San Mateo-Redwood City, CA | 2 | $ 590,000 | $ 295,000 | $ 108,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 321,000 | $ 160,500 | $ 70,000 |
| Akron, OH | 1 | $ 90,000 | $ 90,000 | $ 29,000 |
| Ames, IA | 1 | $ 100,000 | $ 100,000 | $ 59,000 |
| Anchorage, AK | 1 | $ 175,000 | $ 175,000 | $ 125,000 |
| Bakersfield, CA | 1 | $ 126,000 | $ 126,000 | $ 64,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 125,000 | $ 125,000 | $ 203,000 |
| Burlington, NC | 1 | $ 178,000 | $ 178,000 | $ 55,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 189,000 | $ 189,000 | $ 98,000 |
| Chico, CA | 1 | $ 48,000 | $ 48,000 | $ 13,000 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 136,000 | $ 136,000 | $ 58,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 152,000 | $ 152,000 | $ 53,000 |
| Colorado Springs, CO | 1 | $ 171,000 | $ 171,000 | $ 120,000 |
| Columbia, SC | 1 | $ 107,000 | $ 107,000 | $ 26,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 436,000 | $ 436,000 | $ 252,000 |
| Denver-Aurora, CO | 1 | $ 284,000 | $ 284,000 | $ 103,000 |
| Greenville, NC | 1 | $ 89,000 | $ 89,000 | $ 43,000 |
| Harrisonburg, VA | 1 | $ 141,000 | $ 141,000 | $ 66,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 55,000 | $ 55,000 | $ 16,000 |
| Jacksonville, FL | 1 | $ 94,000 | $ 94,000 | $ 47,000 |
| Kalamazoo-Portage, MI | 1 | $ 213,000 | $ 213,000 | $ 57,000 |
| Lewiston, ID-WA | 1 | $ 98,000 | $ 98,000 | $ 80,000 |
| Louisville, KY-IN | 1 | $ 276,000 | $ 276,000 | $ 134,000 |
| Michigan City-La Porte, IN | 1 | $ 285,000 | $ 285,000 | $ 68,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 322,000 | $ 322,000 | $ 144,000 |
| Morgantown, WV | 1 | $ 43,000 | $ 43,000 | $ 89,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 58,000 | $ 58,000 | $ 230,000 |
| Olympia, WA | 1 | $ 248,000 | $ 248,000 | $ 76,000 |
| Port St. Lucie-Fort Pierce, FL | 1 | $ 226,000 | $ 226,000 | $ 400,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 1 | $ 171,000 | $ 171,000 | $ 172,000 |
| Reading, PA | 1 | $ 683,000 | $ 683,000 | $ 394,000 |
| Salisbury, MD | 1 | $ 170,000 | $ 170,000 | $ 34,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 298,000 | $ 298,000 | $ 91,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 566,000 | $ 566,000 | $ 132,000 |
| Scranton--Wilkes-Barre, PA | 1 | $ 307,000 | $ 307,000 | $ 132,000 |
| St. Louis, MO-IL | 1 | $ 160,000 | $ 160,000 | $ 77,000 |
| Syracuse, NY | 1 | $ 41,000 | $ 41,000 | $ 20,000 |
| Trenton-Ewing, NJ | 1 | $ 180,000 | $ 180,000 | $ 211,000 |
| Tucson, AZ | 1 | $ 210,000 | $ 210,000 | $ 113,000 |
| Vallejo-Fairfield, CA | 1 | $ 354,000 | $ 354,000 | $ 122,000 |
| Visalia-Porterville, CA | 1 | $ 90,000 | $ 90,000 | $ 29,000 |
| Warren-Farmington Hills-Troy, MI | 1 | $ 181,000 | $ 181,000 | $ 122,000 |
| Winston-Salem, NC | 1 | $ 110,000 | $ 110,000 | $ 40,000 |
Mortgage Loan Application Detail Totals for Millennium Capital Inc in 2004
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 | 768 | $189,248,000 | $218,708 | $2,385,000 | $101,708 | $1,067,000 |
| Refinancing | 588 | $144,577,000 | $213,233 | $1,000,000 | $89,733 | $800,000 |
| Home Improvement | 4 | $1,466,000 | $450,000 | $618,000 | $210,500 | $300,000 |
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 | 762 | $193,169,000 | $231,966 | $2,385,000 | $101,866 | $1,067,000 |
| Not Provided | 181 | $42,106,000 | $194,500 | $866,000 | $91,700 | $800,000 |
| Asian | 178 | $46,501,000 | $217,888 | $620,000 | $95,111 | $300,000 |
| Black or African American | 132 | $31,036,000 | $193,363 | $819,000 | $60,818 | $200,000 |
| Hispanic | 96 | $20,400,000 | $225,666 | $515,000 | $72,888 | $198,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $1,618,000 | $230,000 | $364,000 | $62,333 | $168,000 |
| American Indian or Alaskan Native | 4 | $461,000 | $110,666 | $158,000 | $39,333 | $80,000 |
| 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) | 1,307 | $324,244,000 | $213,030 | $2,385,000 | $94,818 | $1,067,000 |
| FHA-insured (Federal Housing Administration) | 48 | $9,986,000 | $189,666 | $299,000 | $50,333 | $141,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,061,000 | $188,500 | $312,000 | $54,000 | $64,000 |
| 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 | 1,329 | $327,720,000 | $215,454 | $2,385,000 | $91,212 | $1,067,000 |
| Application Withdrawn By Applicant | 19 | $5,405,000 | $275,125 | $675,000 | $159,375 | $400,000 |
| Application Denied By Financial Institution | 7 | $1,030,000 | $129,000 | $565,000 | $64,250 | $96,000 |
| File Closed For Incompleteness | 3 | $757,000 | $252,333 | $318,000 | $94,000 | $98,000 |
| Application Approved But Not Accepted | 2 | $379,000 | $189,000 | $300,000 | $93,000 | $126,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 5 | $306,000 | $75,333 | $100,000 | $54,000 | $85,000 |
| Collateral | 2 | $724,000 | $362,000 | $565,000 | $85,500 | $96,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Millennium Capital Inc's 2004 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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