My Mortgage, Inc Mortgage Lending & HMDA Data, 2023
In 2023, My Mortgage, Inc of Crofton, MD reported 1,565 mortgage applications totaling $533.2 million, down 35% from 2022. The average application was for $340,731, and applicants reported an average income of $121,159. 64% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (430), Orlando-Kissimmee-Sanford, FL (224) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (167) (applications in parentheses).
| Mortgage Company & Address | My Mortgage, Inc 2191 Defense Hwy Unit 304b Crofton, MD 21114 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 |
| Total Number of Mortgage Applications | 1,565 |
| Total Mortgage Loan Application Amount | $533,245,000 |
| Average Mortgage Loan Application Amount | $340,731 |
| Highest Mortgage Loan Application Amount | $1,725,000 |
| Average Applicant Income | $121,159 |
| Highest Applicant Income | $2,445,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records My Mortgage, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for My Mortgage, 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,385 | $487,055,000 | $351,000 | $1,725,000 | $123,000 | $2,445,000 |
| Refinancing | 180 | $46,190,000 | $256,000 | $765,000 | $107,000 | $445,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 1,164 | $406,720,000 | $349,000 | $1,375,000 | $117,000 | $1,995,000 |
| Black or African American | 157 | $48,265,000 | $307,000 | $1,725,000 | $114,000 | $2,445,000 |
| White | 144 | $42,320,000 | $293,000 | $1,725,000 | $147,000 | $797,000 |
| Not Provided | 91 | $33,105,000 | $363,000 | $925,000 | $133,000 | $617,000 |
| Asian | 9 | $2,835,000 | $315,000 | $535,000 | $264,000 | $932,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 893 | $285,365,000 | $319,000 | $1,725,000 | $137,000 | $2,445,000 |
| FHA-insured (Federal Housing Administration) | 620 | $227,840,000 | $367,000 | $885,000 | $101,000 | $263,000 |
| VA-guaranteed (Veterans Administration) | 52 | $20,040,000 | $385,000 | $925,000 | $102,000 | $209,000 |
| 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 | 996 | $353,790,000 | $355,000 | $1,375,000 | $122,000 | $1,995,000 |
| Application Withdrawn By Applicant | 321 | $103,215,000 | $321,000 | $1,275,000 | $122,000 | $932,000 |
| File Closed For Incompleteness | 136 | $42,490,000 | $312,000 | $1,725,000 | $123,000 | $979,000 |
| Application Approved But Not Accepted | 67 | $21,605,000 | $322,000 | $1,725,000 | $135,000 | $2,445,000 |
| Application Denied By Financial Institution | 45 | $12,145,000 | $269,000 | $545,000 | $96,000 | $255,000 |
| 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 | 1,520 | $521,100,000 | $342,000 | $1,725,000 | $122,000 | $2,445,000 |
| Debt-To-Income Ratio | 17 | $4,035,000 | $237,000 | $545,000 | $81,000 | $170,000 |
| Collateral | 9 | $1,875,000 | $208,000 | $375,000 | $86,000 | $188,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $1,635,000 | $233,000 | $315,000 | $101,000 | $255,000 |
| Employment History | 4 | $1,630,000 | $407,000 | $435,000 | $126,000 | $178,000 |
| Credit History | 4 | $1,380,000 | $345,000 | $545,000 | $121,000 | $140,000 |
| Other | 2 | $680,000 | $340,000 | $425,000 | $79,000 | $96,000 |
| Unverifiable Information | 2 | $910,000 | $455,000 | $515,000 | $159,000 | $203,000 |
| 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 My Mortgage, 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 My Mortgage, 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.
For a list of all lenders in Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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