New American Funding, Llc. Mortgage Lending & HMDA Data, 2006

In 2006, New American Funding, Llc. of Tustin, CA reported 695 mortgage applications totaling $188.2 million, up 162% from 2005. The average application was for $270,778, and applicants reported an average income of $114,018. 36% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (54), Riverside-San Bernardino-Ontario, CA (48) and Las Vegas-Paradise, NV (46) (applications in parentheses).

Mortgage Company & Address New American Funding, Llc.
14511 Myford Road, Suite 100
Tustin, CA 92780
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 695
Total Mortgage Loan Application Amount $188,191,000
Average Mortgage Loan Application Amount $270,778
Highest Mortgage Loan Application Amount $3,000,000
Average Applicant Income $114,018
Highest Applicant Income $991,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records New American 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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for New American Funding, Llc. by County in 2006

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Clark, Nevada 46 $ 8,973,000 $ 195,065 $ 106,000
Orange, California 39 $ 16,487,000 $ 422,743 $ 162,000
Riverside, California 34 $ 8,772,000 $ 258,000 $ 120,000
San Diego, California 32 $ 12,234,000 $ 382,312 $ 144,000
Los Angeles, California 28 $ 9,107,000 $ 325,250 $ 97,000
Prince George's, Maryland 26 $ 8,299,000 $ 319,192 $ 110,000
Broward, Florida 17 $ 3,957,000 $ 232,764 $ 116,000
San Bernardino, California 14 $ 3,295,000 $ 235,357 $ 90,000
Salt Lake, Utah 14 $ 2,248,000 $ 160,571 $ 96,000
King, Washington 14 $ 3,921,000 $ 280,071 $ 107,000
Alameda, California 12 $ 4,115,000 $ 342,916 $ 179,000
Pierce, Washington 12 $ 2,324,000 $ 193,666 $ 90,000
Worcester, Massachusetts 10 $ 1,889,000 $ 188,900 $ 86,000
Sacramento, California 9 $ 2,024,000 $ 224,888 $ 84,000
Fairfax, Virginia 8 $ 4,226,000 $ 528,250 $ 140,000
Lee, Florida 7 $ 1,619,000 $ 231,285 $ 144,000
Palm Beach, Florida 7 $ 1,473,000 $ 210,428 $ 105,000
Volusia, Florida 7 $ 989,000 $ 141,285 $ 68,000
Montgomery, Maryland 7 $ 3,615,000 $ 516,428 $ 148,000
Bristol, Massachusetts 7 $ 1,273,000 $ 181,857 $ 77,000
Middlesex, Massachusetts 7 $ 2,365,000 $ 337,857 $ 145,000
Contra Costa, California 6 $ 1,436,000 $ 239,333 $ 123,000
Solano, California 6 $ 2,236,000 $ 372,666 $ 105,000
Fairfield, Connecticut 6 $ 1,961,000 $ 326,833 $ 97,000
Essex, Massachusetts 6 $ 1,691,000 $ 281,833 $ 96,000
Clackamas, Oregon 6 $ 1,322,000 $ 220,333 $ 85,000
Utah, Utah 6 $ 1,272,000 $ 212,000 $ 81,000
Kern, California 5 $ 1,244,000 $ 248,800 $ 108,000
Santa Clara, California 5 $ 1,182,000 $ 236,400 $ 145,000
Miami-Dade, Florida 5 $ 878,000 $ 175,600 $ 117,000
Charles, Maryland 5 $ 1,470,000 $ 294,000 $ 66,000
Lane, Oregon 5 $ 1,215,000 $ 243,000 $ 92,000
Davis, Utah 5 $ 986,000 $ 197,200 $ 83,000
Snohomish, Washington 5 $ 1,240,000 $ 248,000 $ 84,000
El Dorado, California 4 $ 1,280,000 $ 320,000 $ 132,000
Fresno, California 4 $ 938,000 $ 234,500 $ 119,000
Placer, California 4 $ 814,000 $ 203,500 $ 97,000
San Joaquin, California 4 $ 1,161,000 $ 290,250 $ 88,000
Sonoma, California 4 $ 1,438,000 $ 359,500 $ 87,000
Stanislaus, California 4 $ 967,000 $ 241,750 $ 120,000
Ventura, California 4 $ 1,219,000 $ 304,750 $ 121,000
New Haven, Connecticut 4 $ 807,000 $ 201,750 $ 68,000
Brevard, Florida 4 $ 1,935,000 $ 483,750 $ 184,000
Hillsborough, Florida 4 $ 665,000 $ 166,250 $ 66,000
Indian River, Florida 4 $ 4,608,000 $ 1,152,000 $ 527,000
Lake, Florida 4 $ 439,000 $ 109,750 $ 54,000
Orange, Florida 4 $ 672,000 $ 168,000 $ 110,000
Seminole, Florida 4 $ 851,000 $ 212,750 $ 146,000
Montgomery, Indiana 4 $ 324,000 $ 81,000 $ 118,000
Frederick, Maryland 4 $ 808,000 $ 202,000 $ 110,000
Harford, Maryland 4 $ 744,000 $ 186,000 $ 52,000
Norfolk, Massachusetts 4 $ 606,000 $ 151,500 $ 81,000
Marion, Oregon 4 $ 464,000 $ 116,000 $ 70,000
Chesapeake, Virginia 4 $ 861,000 $ 215,250 $ 49,000
Henrico, Virginia 4 $ 336,000 $ 84,000 $ 68,000
Napa, California 3 $ 1,435,000 $ 478,333 $ 181,000
San Mateo, California 3 $ 1,112,000 $ 370,666 $ 129,000
Santa Barbara, California 3 $ 1,249,000 $ 416,333 $ 200,000
Tulare, California 3 $ 689,000 $ 229,666 $ 58,000
El Paso, Colorado 3 $ 503,000 $ 167,666 $ 140,000
Hartford, Connecticut 3 $ 1,342,000 $ 447,333 $ 148,000
New London, Connecticut 3 $ 808,000 $ 269,333 $ 58,000
Collier, Florida 3 $ 661,000 $ 220,333 $ 66,000
Sarasota, Florida 3 $ 1,435,000 $ 478,333 $ 275,000
Anne Arundel, Maryland 3 $ 600,000 $ 200,000 $ 121,000
Baltimore, Maryland 3 $ 456,000 $ 152,000 $ 94,000
Caroline, Maryland 3 $ 697,000 $ 232,333 $ 174,000
Suffolk, Massachusetts 3 $ 1,250,000 $ 416,666 $ 109,000
Hood River, Oregon 3 $ 540,000 $ 180,000 $ 56,000
Washington, Oregon 3 $ 568,000 $ 189,333 $ 83,000
Gloucester, Virginia 3 $ 499,000 $ 166,333 $ 87,000
Prince William, Virginia 3 $ 1,223,000 $ 407,666 $ 93,000
Stafford, Virginia 3 $ 576,000 $ 192,000 $ 92,000
Suffolk, Virginia 3 $ 651,000 $ 217,000 $ 88,000
Sutter, California 2 $ 484,000 $ 242,000 $ 58,000
Tuolumne, California 2 $ 329,000 $ 164,500 $ 63,000
Arapahoe, Colorado 2 $ 484,000 $ 242,000 $ 44,000
Clear Creek, Colorado 2 $ 697,000 $ 348,500 $ 103,000
Denver, Colorado 2 $ 230,000 $ 115,000 $ 70,000
Mesa, Colorado 2 $ 360,000 $ 180,000 $ 87,000
District of Columbia, District Of Columbia 2 $ 501,000 $ 250,500 $ 81,000
Bay, Florida 2 $ 640,000 $ 320,000 $ 125,000
Citrus, Florida 2 $ 359,000 $ 179,500 $ 72,000
Duval, Florida 2 $ 503,000 $ 251,500 $ 117,000
Hernando, Florida 2 $ 454,000 $ 227,000 $ 52,000
Jackson, Florida 2 $ 315,000 $ 157,500 $ 92,000
Manatee, Florida 2 $ 272,000 $ 136,000 $ 39,000
Monroe, Florida 2 $ 1,354,000 $ 677,000 $ 229,000
Okaloosa, Florida 2 $ 1,187,000 $ 593,500 $ 515,000
Pasco, Florida 2 $ 531,000 $ 265,500 $ 127,000
Elkhart, Indiana 2 $ 88,000 $ 44,000 $ 73,000
Lake, Indiana 2 $ 193,000 $ 96,500 $ 103,000
White, Indiana 2 $ 351,000 $ 175,500 $ 84,000
Calvert, Maryland 2 $ 238,000 $ 119,000 $ 58,000
Queen Anne's, Maryland 2 $ 527,000 $ 263,500 $ 200,000
Clatsop, Oregon 2 $ 245,000 $ 122,500 $ 84,000
Chesterfield, Virginia 2 $ 373,000 $ 186,500 $ 51,000
Fauquier, Virginia 2 $ 386,000 $ 193,000 $ 168,000
Page, Virginia 2 $ 196,000 $ 98,000 $ 129,000
Powhatan, Virginia 2 $ 265,000 $ 132,500 $ 104,000
Virginia Beach, Virginia 2 $ 289,000 $ 144,500 $ 82,000
Warren, Virginia 2 $ 415,000 $ 207,500 $ 96,000
Benton, Washington 2 $ 354,000 $ 177,000 $ 144,000
Clallam, Washington 2 $ 285,000 $ 142,500 $ 84,000
Clark, Washington 2 $ 454,000 $ 227,000 $ 98,000
Skagit, Washington 2 $ 597,000 $ 298,500 $ 98,000
Whatcom, Washington 2 $ 87,000 $ 43,500 $ 99,000
Kings, California 1 $ 128,000 $ 128,000 $ 50,000
Merced, California 1 $ 272,000 $ 272,000 $ 110,000
Monterey, California 1 $ 644,000 $ 644,000 $ 360,000
Nevada, California 1 $ 435,000 $ 435,000 $ 84,000
San Luis Obispo, California 1 $ 355,000 $ 355,000 $ 82,000
Santa Cruz, California 1 $ 387,000 $ 387,000 $ 131,000
Yolo, California 1 $ 355,000 $ 355,000 $ 126,000
Yuba, California 1 $ 29,000 $ 29,000 $ 48,000
Adams, Colorado 1 $ 236,000 $ 236,000 $ 120,000
Conejos, Colorado 1 $ 30,000 $ 30,000 $ 144,000
Eagle, Colorado 1 $ 276,000 $ 276,000 $ 79,000
Garfield, Colorado 1 $ 380,000 $ 380,000 $ 96,000
La Plata, Colorado 1 $ 404,000 $ 404,000 $ 95,000
Rio Grande, Colorado 1 $ 102,000 $ 102,000 $ 91,000
Middlesex, Connecticut 1 $ 252,000 $ 252,000 $ 104,000
Charlotte, Florida 1 $ 428,000 $ 428,000 $ 105,000
Clay, Florida 1 $ 347,000 $ 347,000 $ 132,000
Flagler, Florida 1 $ 248,000 $ 248,000 $ 56,000
Pinellas, Florida 1 $ 188,000 $ 188,000 $ 84,000
Polk, Florida 1 $ 345,000 $ 345,000 $ 240,000
Putnam, Florida 1 $ 223,000 $ 223,000 $ 88,000
Santa Rosa, Florida 1 $ 237,000 $ 237,000 $ 63,000
St. Johns, Florida 1 $ 319,000 $ 319,000 $ 114,000
Walton, Florida 1 $ 200,000 $ 200,000 $ 120,000
Sangamon, Illinois 1 $ 70,000 $ 70,000 $ 0
LaPorte, Indiana 1 $ 196,000 $ 196,000 $ 85,000
Marion, Indiana 1 $ 258,000 $ 258,000 $ 104,000
Morgan, Indiana 1 $ 24,000 $ 24,000 $ 100,000
Carter, Kentucky 1 $ 150,000 $ 150,000 $ 63,000
Lee, Kentucky 1 $ 132,000 $ 132,000 $ 50,000
Baltimore City, Maryland 1 $ 190,000 $ 190,000 $ 0
Howard, Maryland 1 $ 315,000 $ 315,000 $ 71,000
Barnstable, Massachusetts 1 $ 449,000 $ 449,000 $ 95,000
Franklin, Massachusetts 1 $ 197,000 $ 197,000 $ 81,000
Plymouth, Massachusetts 1 $ 260,000 $ 260,000 $ 60,000
Jackson, Oregon 1 $ 245,000 $ 245,000 $ 108,000
Jefferson, Oregon 1 $ 368,000 $ 368,000 $ 66,000
Linn, Oregon 1 $ 152,000 $ 152,000 $ 126,000
Multnomah, Oregon 1 $ 112,000 $ 112,000 $ 60,000
Tillamook, Oregon 1 $ 153,000 $ 153,000 $ 53,000
Yamhill, Oregon 1 $ 221,000 $ 221,000 $ 49,000
Bedford, Virginia 1 $ 251,000 $ 251,000 $ 153,000
Caroline, Virginia 1 $ 225,000 $ 225,000 $ 48,000
Fairfax City, Virginia 1 $ 602,000 $ 602,000 $ 186,000
Frederick, Virginia 1 $ 245,000 $ 245,000 $ 65,000
Norfolk, Virginia 1 $ 50,000 $ 50,000 $ 20,000
Portsmouth, Virginia 1 $ 179,000 $ 179,000 $ 71,000
Richmond City, Virginia 1 $ 252,000 $ 252,000 $ 53,000
Shenandoah, Virginia 1 $ 356,000 $ 356,000 $ 90,000
Westmoreland, Virginia 1 $ 112,000 $ 112,000 $ 48,000
Douglas, Washington 1 $ 255,000 $ 255,000 $ 288,000
Grant, Washington 1 $ 296,000 $ 296,000 $ 0
Kitsap, Washington 1 $ 259,000 $ 259,000 $ 60,000
Okanogan, Washington 1 $ 147,000 $ 147,000 $ 32,000
Spokane, Washington 1 $ 128,000 $ 128,000 $ 36,000
Stevens, Washington 1 $ 136,000 $ 136,000 $ 57,000
Thurston, Washington 1 $ 298,000 $ 298,000 $ 593,000
Yakima, Washington 1 $ 104,000 $ 104,000 $ 38,000
Berkeley, West Virginia 1 $ 72,000 $ 72,000 $ 80,000

Mortgage Loan Application Detail Totals for New American Funding, Llc. in 2006

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
Refinancing 429 $121,210,000 $282,000 $3,000,000 $117,000 $991,000
Home Improvement 200 $50,905,000 $254,000 $1,400,000 $104,000 $660,000
Home Purchase 66 $16,076,000 $243,000 $825,000 $125,000 $593,000

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 406 $108,168,000 $266,000 $3,000,000 $117,000 $991,000
Not Provided 96 $30,159,000 $314,000 $2,000,000 $111,000 $525,000
Hispanic 95 $22,585,000 $237,000 $1,080,000 $95,000 $287,000
Black or African American 58 $14,581,000 $251,000 $762,000 $104,000 $593,000
Asian 26 $7,395,000 $284,000 $825,000 $130,000 $339,000
Native Hawaiian or Other Pacific Islander 11 $4,481,000 $407,000 $1,268,000 $182,000 $486,000
American Indian or Alaskan Native 3 $822,000 $274,000 $456,000 $107,000 $136,000
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) 695 $188,191,000 $270,000 $3,000,000 $114,000 $991,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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
File Closed For Incompleteness 340 $91,429,000 $268,000 $3,000,000 $116,000 $991,000
Loan Originated 250 $67,391,000 $269,000 $1,400,000 $110,000 $660,000
Application Denied By Financial Institution 105 $29,371,000 $279,000 $2,000,000 $115,000 $660,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
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
Collateral 34 $9,231,000 $271,000 $815,000 $126,000 $660,000
Other 27 $7,115,000 $263,000 $896,000 $96,000 $262,000
Credit History 22 $7,624,000 $346,000 $2,000,000 $130,000 $525,000
Credit Application Incomplete 11 $2,965,000 $269,000 $825,000 $121,000 $339,000
Debt-To-Income Ratio 5 $1,252,000 $250,000 $428,000 $84,000 $118,000
Insufficient Cash (Downpayment, Closing Cost) 5 $900,000 $180,000 $423,000 $105,000 $167,000
Employment History 1 $284,000 $284,000 $284,000 $19,000 $19,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into New American Funding, Llc.'s 2006 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 New American 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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