Neal Communities Funding, LLC Mortgage Lending & HMDA Data, 2020
In 2020, Neal Communities Funding, LLC of Maitland, FL reported 595 mortgage applications totaling $166.0 million, up 14% from 2019. The average application was for $278,949, and applicants reported an average income of $132,385. 81% of its applications resulted in an originated loan and 2% were denied. Its largest markets were North Port-Sarasota-Bradenton, FL (459), Cape Coral-Fort Myers, FL (68) and Naples-Immokalee-Marco Island, FL (63) (applications in parentheses).
| Mortgage Company & Address | Neal Communities Funding, LLC 495 N. Keller Road Suite 550b Maitland, FL 32751 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 |
| Total Number of Mortgage Applications | 595 |
| Total Mortgage Loan Application Amount | $165,975,000 |
| Average Mortgage Loan Application Amount | $278,949 |
| Highest Mortgage Loan Application Amount | $655,000 |
| Average Applicant Income | $132,385 |
| Highest Applicant Income | $2,910,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Neal Communities Funding, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| North Port-Sarasota-Bradenton, FL | 459 | $ 129,275,000 | $ 281,644 | $ 124,000 |
| Cape Coral-Fort Myers, FL | 68 | $ 19,200,000 | $ 282,352 | $ 194,000 |
| Naples-Immokalee-Marco Island, FL | 63 | $ 15,945,000 | $ 253,095 | $ 127,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 1,555,000 | $ 311,000 | $ 144,000 |
Mortgage Loan Application Detail Totals for Neal Communities Funding, LLC in 2020
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 | 588 | $163,980,000 | $278,000 | $655,000 | $132,000 | $2,910,000 |
| Refinancing | 4 | $1,040,000 | $260,000 | $325,000 | $189,000 | $298,000 |
| Cash-out Refinancing | 3 | $955,000 | $318,000 | $475,000 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 496 | $137,660,000 | $277,000 | $655,000 | $135,000 | $2,910,000 |
| Not Provided | 42 | $11,760,000 | $280,000 | $555,000 | $131,000 | $530,000 |
| Hispanic | 35 | $9,275,000 | $265,000 | $515,000 | $115,000 | $331,000 |
| Black or African American | 9 | $3,125,000 | $347,000 | $515,000 | $146,000 | $293,000 |
| Asian | 8 | $2,540,000 | $317,000 | $415,000 | $107,000 | $170,000 |
| American Indian or Alaskan Native | 3 | $1,165,000 | $388,000 | $505,000 | $124,000 | $145,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $245,000 | $245,000 | $245,000 | $52,000 | $52,000 |
| 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) | 554 | $152,740,000 | $275,000 | $655,000 | $135,000 | $2,910,000 |
| FHA-insured (Federal Housing Administration) | 25 | $7,505,000 | $300,000 | $335,000 | $109,000 | $282,000 |
| VA-guaranteed (Veterans Administration) | 16 | $5,730,000 | $358,000 | $565,000 | $104,000 | $187,000 |
| 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 | 481 | $132,295,000 | $275,000 | $565,000 | $129,000 | $923,000 |
| Application Withdrawn By Applicant | 77 | $22,825,000 | $296,000 | $655,000 | $131,000 | $1,050,000 |
| File Closed For Incompleteness | 27 | $7,885,000 | $292,000 | $515,000 | $119,000 | $224,000 |
| Application Denied By Financial Institution | 10 | $2,970,000 | $297,000 | $515,000 | $375,000 | $2,910,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 585 | $163,005,000 | $278,000 | $655,000 | $129,000 | $1,050,000 |
| Credit History | 3 | $1,095,000 | $365,000 | $515,000 | $138,000 | $233,000 |
| Debt-To-Income Ratio | 3 | $795,000 | $265,000 | $295,000 | $93,000 | $105,000 |
| Unverifiable Information | 2 | $460,000 | $230,000 | $285,000 | $67,000 | $94,000 |
| Employment History | 1 | $205,000 | $205,000 | $205,000 | $12,000 | $12,000 |
| Other | 1 | $415,000 | $415,000 | $415,000 | $2,910,000 | $2,910,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Neal Communities Funding, LLC's 2020 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 Neal Communities Funding, 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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