Neal Communities Funding, LLC Mortgage Lending & HMDA Data, 2023
In 2023, Neal Communities Funding, LLC of Maitland, FL reported 620 mortgage applications totaling $219.7 million, up 5% from 2022. The average application was for $354,403, and applicants reported an average income of $169,000. 72% of its applications resulted in an originated loan and 4% were denied. Its largest markets were North Port-Sarasota-Bradenton, FL (533), Naples-Immokalee-Marco Island, FL (46) and Punta Gorda, FL (25) (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 | 620 |
| Total Mortgage Loan Application Amount | $219,730,000 |
| Average Mortgage Loan Application Amount | $354,403 |
| Highest Mortgage Loan Application Amount | $1,035,000 |
| Average Applicant Income | $169,000 |
| Highest Applicant Income | $1,186,000 |
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records Neal Communities Funding, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Neal Communities Funding, LLC 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 | 620 | $219,730,000 | $354,000 | $1,035,000 | $169,000 | $1,186,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing | 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 |
|---|---|---|---|---|---|---|
| White | 520 | $182,320,000 | $350,000 | $1,035,000 | $167,000 | $1,186,000 |
| Not Provided | 47 | $17,205,000 | $366,000 | $995,000 | $182,000 | $707,000 |
| Hispanic | 27 | $9,565,000 | $354,000 | $675,000 | $137,000 | $342,000 |
| Asian | 17 | $6,625,000 | $389,000 | $725,000 | $239,000 | $998,000 |
| Black or African American | 4 | $2,240,000 | $560,000 | $785,000 | $208,000 | $301,000 |
| American Indian or Alaskan Native | 4 | $1,480,000 | $370,000 | $545,000 | $131,000 | $170,000 |
| 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) | 551 | $190,455,000 | $345,000 | $1,035,000 | $171,000 | $1,108,000 |
| VA-guaranteed (Veterans Administration) | 35 | $17,305,000 | $494,000 | $995,000 | $186,000 | $1,186,000 |
| FHA-insured (Federal Housing Administration) | 33 | $11,655,000 | $353,000 | $605,000 | $117,000 | $320,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $315,000 | $315,000 | $315,000 | $68,000 | $68,000 |
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 | 448 | $148,900,000 | $332,000 | $995,000 | $161,000 | $1,186,000 |
| Application Withdrawn By Applicant | 111 | $44,755,000 | $403,000 | $1,035,000 | $205,000 | $1,108,000 |
| File Closed For Incompleteness | 37 | $15,305,000 | $413,000 | $905,000 | $202,000 | $1,024,000 |
| Application Denied By Financial Institution | 24 | $10,770,000 | $448,000 | $1,025,000 | $113,000 | $410,000 |
| 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 | 596 | $208,960,000 | $350,000 | $1,035,000 | $172,000 | $1,186,000 |
| Debt-To-Income Ratio | 21 | $9,335,000 | $444,000 | $1,025,000 | $102,000 | $337,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $1,050,000 | $525,000 | $845,000 | $236,000 | $410,000 |
| Other | 1 | $385,000 | $385,000 | $385,000 | $87,000 | $87,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Neal Communities Funding, LLC'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 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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