Potomac Mortgage Group, Inc. Mortgage Lending & HMDA Data, 2019
In 2019, Potomac Mortgage Group, Inc. of Fairfax, VA reported 5,574 mortgage applications totaling $2.1 billion, up 25% from 2018. The average application was for $376,300, and applicants reported an average income of $147,537. 77% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (2,455), Charlotte-Concord-Gastonia, NC-SC (566) and Myrtle Beach-Conway-North Myrtle Beach, SC-NC (198) (applications in parentheses).
| Mortgage Company & Address | Potomac Mortgage Group, Inc. 4035 Ridge Top Road, Suite 100 Fairfax, VA 22030 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 5,574 |
| Total Mortgage Loan Application Amount | $2,097,500,000 |
| Average Mortgage Loan Application Amount | $376,300 |
| Highest Mortgage Loan Application Amount | $3,005,000 |
| Average Applicant Income | $147,537 |
| Highest Applicant Income | $5,592,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Potomac Mortgage Group, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2,455 | $ 1,197,715,000 | $ 487,867 | $ 174,851 |
| Outside any metro area | 576 | $ 124,770,000 | $ 216,614 | $ 100,362 |
| Charlotte-Concord-Gastonia, NC-SC | 566 | $ 158,890,000 | $ 280,724 | $ 117,307 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 198 | $ 49,910,000 | $ 252,070 | $ 141,111 |
| Washington-Baltimore-Arlington, DC | 179 | $ 108,505,000 | $ 606,173 | $ 229,000 |
| Morgantown, WV | 153 | $ 33,585,000 | $ 219,509 | $ 111,000 |
| Atlanta-Sandy Springs-Roswell, GA | 137 | $ 46,795,000 | $ 341,569 | $ 134,000 |
| Raleigh, NC | 133 | $ 31,365,000 | $ 235,827 | $ 93,000 |
| Greensboro-High Point, NC | 105 | $ 29,475,000 | $ 280,714 | $ 134,000 |
| Hagerstown-Martinsburg, MD-WV | 92 | $ 18,540,000 | $ 201,521 | $ 84,565 |
| Baltimore-Columbia-Towson, MD | 91 | $ 28,295,000 | $ 310,934 | $ 145,000 |
| Wilmington, NC | 87 | $ 26,305,000 | $ 302,356 | $ 111,000 |
| Durham-Chapel Hill, NC | 77 | $ 23,825,000 | $ 309,415 | $ 105,000 |
| Columbia, SC | 71 | $ 20,495,000 | $ 288,661 | $ 102,000 |
| Winston-Salem, NC | 71 | $ 19,315,000 | $ 272,042 | $ 98,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 61 | $ 18,725,000 | $ 306,967 | $ 161,000 |
| Charleston-North Charleston, SC | 35 | $ 12,375,000 | $ 353,571 | $ 130,000 |
| Fayetteville, NC | 30 | $ 6,810,000 | $ 227,000 | $ 78,000 |
| Winchester, VA-WV | 29 | $ 8,415,000 | $ 290,172 | $ 125,896 |
| Jacksonville, NC | 26 | $ 8,410,000 | $ 323,461 | $ 123,000 |
| Richmond, VA | 26 | $ 9,940,000 | $ 382,307 | $ 155,000 |
| Hickory-Lenoir-Morganton, NC | 22 | $ 8,480,000 | $ 385,454 | $ 141,000 |
| Burlington, NC | 19 | $ 5,365,000 | $ 282,368 | $ 101,000 |
| Salisbury, MD-DE | 19 | $ 5,765,000 | $ 303,421 | $ 296,263 |
| Charleston, WV | 16 | $ 2,990,000 | $ 186,875 | $ 105,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 16 | $ 6,330,000 | $ 395,625 | $ 187,437 |
| Rocky Mount, NC | 15 | $ 2,565,000 | $ 171,000 | $ 67,000 |
| Asheville, NC | 14 | $ 4,580,000 | $ 327,142 | $ 101,000 |
| Tampa-St. Petersburg-Clearwater, FL | 14 | $ 4,220,000 | $ 301,428 | $ 140,000 |
| California-Lexington Park, MD | 9 | $ 2,645,000 | $ 293,888 | $ 120,000 |
| Denver-Aurora-Lakewood, CO | 9 | $ 6,905,000 | $ 767,222 | $ 331,000 |
| Greenville, NC | 8 | $ 1,620,000 | $ 202,500 | $ 92,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 8 | $ 2,800,000 | $ 350,000 | $ 189,000 |
| New Bern, NC | 8 | $ 1,780,000 | $ 222,500 | $ 106,000 |
| North Port-Sarasota-Bradenton, FL | 7 | $ 2,565,000 | $ 366,428 | $ 258,000 |
| Savannah, GA | 7 | $ 2,495,000 | $ 356,428 | $ 133,000 |
| Cape Coral-Fort Myers, FL | 6 | $ 1,510,000 | $ 251,666 | $ 105,000 |
| Greenville-Anderson-Mauldin, SC | 6 | $ 1,410,000 | $ 235,000 | $ 90,000 |
| Memphis, TN-MS-AR | 6 | $ 830,000 | $ 138,333 | $ 86,000 |
| Orlando-Kissimmee-Sanford, FL | 6 | $ 1,570,000 | $ 261,666 | $ 154,000 |
| Pittsburgh, PA | 6 | $ 1,390,000 | $ 231,666 | $ 96,000 |
| Columbus, OH | 5 | $ 1,775,000 | $ 355,000 | $ 152,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 2,215,000 | $ 443,000 | $ 315,000 |
| Goldsboro, NC | 5 | $ 1,065,000 | $ 213,000 | $ 86,000 |
| Houston-The Woodlands-Sugar Land, TX | 5 | $ 1,995,000 | $ 399,000 | $ 194,000 |
| Charlottesville, VA | 4 | $ 1,330,000 | $ 332,500 | $ 130,000 |
| Crestview-Fort Walton Beach-Destin, FL | 4 | $ 1,450,000 | $ 362,500 | $ 117,000 |
| Jacksonville, FL | 4 | $ 1,580,000 | $ 395,000 | $ 266,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 900,000 | $ 225,000 | $ 319,000 |
| Palm Bay-Melbourne-Titusville, FL | 4 | $ 1,460,000 | $ 365,000 | $ 271,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 1,170,000 | $ 292,500 | $ 192,000 |
| Augusta-Richmond County, GA-SC | 3 | $ 775,000 | $ 258,333 | $ 118,333 |
| Austin-Round Rock, TX | 3 | $ 765,000 | $ 255,000 | $ 74,000 |
| Cleveland-Elyria, OH | 3 | $ 895,000 | $ 298,333 | $ 183,000 |
| Huntington-Ashland, WV-KY-OH | 3 | $ 635,000 | $ 211,666 | $ 117,000 |
| Lynchburg, VA | 3 | $ 1,025,000 | $ 341,666 | $ 177,000 |
| Montgomery County-Bucks County-Chester County, PA | 3 | $ 1,155,000 | $ 385,000 | $ 76,000 |
| Naples-Immokalee-Marco Island, FL | 3 | $ 1,435,000 | $ 478,333 | $ 347,000 |
| Philadelphia, PA | 3 | $ 885,000 | $ 295,000 | $ 133,000 |
| Port St. Lucie, FL | 3 | $ 635,000 | $ 211,666 | $ 50,000 |
| Roanoke, VA | 3 | $ 745,000 | $ 248,333 | $ 77,000 |
| Sumter, SC | 3 | $ 1,085,000 | $ 361,666 | $ 118,000 |
| Athens-Clarke County, GA | 2 | $ 530,000 | $ 265,000 | $ 167,000 |
| Blacksburg-Christiansburg-Radford, VA | 2 | $ 550,000 | $ 275,000 | $ 217,000 |
| Parkersburg-Vienna, WV | 2 | $ 480,000 | $ 240,000 | $ 115,000 |
| San Antonio-New Braunfels, TX | 2 | $ 640,000 | $ 320,000 | $ 194,000 |
| Weirton-Steubenville, WV-OH | 2 | $ 230,000 | $ 115,000 | $ 40,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 305,000 | $ 305,000 | $ 260,000 |
| Beckley, WV | 1 | $ 235,000 | $ 235,000 | $ 79,000 |
| Brunswick, GA | 1 | $ 245,000 | $ 245,000 | $ 89,000 |
| Canton-Massillon, OH | 1 | $ 265,000 | $ 265,000 | $ 103,000 |
| Chattanooga, TN-GA | 1 | $ 265,000 | $ 265,000 | $ 143,000 |
| Clarksville, TN-KY | 1 | $ 185,000 | $ 185,000 | $ 149,000 |
| Dallas-Plano-Irving, TX | 1 | $ 535,000 | $ 535,000 | $ 352,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Elizabethtown-Fort Knox, KY | 1 | $ 485,000 | $ 485,000 | $ 227,000 |
| Florence, SC | 1 | $ 285,000 | $ 285,000 | $ 122,000 |
| Harrisonburg, VA | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Knoxville, TN | 1 | $ 505,000 | $ 505,000 | $ 278,000 |
| Lexington-Fayette, KY | 1 | $ 225,000 | $ 225,000 | $ 113,000 |
| Macon-Bibb County, GA | 1 | $ 225,000 | $ 225,000 | $ 57,000 |
| Morristown, TN | 1 | $ 455,000 | $ 455,000 | $ 156,000 |
| Panama City, FL | 1 | $ 285,000 | $ 285,000 | $ 60,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 155,000 | $ 155,000 | $ 52,000 |
| State College, PA | 1 | $ 285,000 | $ 285,000 | $ 160,000 |
| Wheeling, WV-OH | 1 | $ 165,000 | $ 165,000 | $ 103,000 |
| Wilmington, DE-MD-NJ | 1 | $ 285,000 | $ 285,000 | $ 218,000 |
| York-Hanover, PA | 1 | $ 125,000 | $ 125,000 | $ 90,000 |
Mortgage Loan Application Detail Totals for Potomac Mortgage Group, Inc. in 2019
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 | 4,114 | $1,486,080,000 | $361,000 | $2,765,000 | $142,000 | $5,592,000 |
| Refinancing | 1,082 | $478,490,000 | $442,000 | $3,005,000 | $168,000 | $871,000 |
| Cash-out Refinancing | 367 | $130,295,000 | $355,000 | $1,805,000 | $149,000 | $917,000 |
| Home Improvement | 11 | $2,635,000 | $239,000 | $545,000 | $157,000 | $316,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 3,151 | $1,093,055,000 | $346,000 | $3,005,000 | $139,000 | $5,592,000 |
| Not Provided | 1,623 | $719,345,000 | $443,000 | $2,505,000 | $170,000 | $3,000,000 |
| Black or African American | 326 | $104,640,000 | $320,000 | $2,765,000 | $108,000 | $562,000 |
| Asian | 216 | $90,030,000 | $416,000 | $1,585,000 | $152,000 | $923,000 |
| Hispanic | 198 | $69,530,000 | $351,000 | $1,235,000 | $138,000 | $1,348,000 |
| American Indian or Alaskan Native | 22 | $6,710,000 | $305,000 | $695,000 | $98,000 | $325,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,735,000 | $578,000 | $715,000 | $197,000 | $250,000 |
| 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) | 4,391 | $1,703,595,000 | $387,000 | $3,005,000 | $157,000 | $5,592,000 |
| VA-guaranteed (Veterans Administration) | 601 | $253,195,000 | $421,000 | $1,985,000 | $130,000 | $655,000 |
| FHA-insured (Federal Housing Administration) | 547 | $134,185,000 | $245,000 | $735,000 | $81,000 | $3,000,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 35 | $6,525,000 | $186,000 | $375,000 | $59,000 | $90,000 |
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 | 4,278 | $1,572,920,000 | $367,000 | $2,765,000 | $144,000 | $5,592,000 |
| Application Withdrawn By Applicant | 717 | $285,855,000 | $398,000 | $3,005,000 | $154,000 | $3,000,000 |
| Application Approved But Not Accepted | 480 | $204,290,000 | $425,000 | $2,005,000 | $161,000 | $1,071,000 |
| Application Denied By Financial Institution | 67 | $21,925,000 | $327,000 | $1,375,000 | $102,000 | $561,000 |
| File Closed For Incompleteness | 32 | $12,510,000 | $390,000 | $1,625,000 | $199,000 | $1,202,000 |
| 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 | 5,507 | $2,075,575,000 | $376,000 | $3,005,000 | $147,000 | $5,592,000 |
| Debt-To-Income Ratio | 30 | $10,580,000 | $352,000 | $1,375,000 | $101,000 | $561,000 |
| Credit History | 10 | $3,520,000 | $352,000 | $855,000 | $126,000 | $314,000 |
| Other | 8 | $2,420,000 | $302,000 | $615,000 | $100,000 | $186,000 |
| Collateral | 8 | $1,940,000 | $242,000 | $455,000 | $83,000 | $135,000 |
| Employment History | 7 | $1,945,000 | $277,000 | $605,000 | $91,000 | $266,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,015,000 | $338,000 | $395,000 | $78,000 | $87,000 |
| Unverifiable Information | 1 | $505,000 | $505,000 | $505,000 | $242,000 | $242,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Potomac Mortgage Group, Inc.'s 2019 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 Potomac Mortgage Group, 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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