New American Funding, Llc. Mortgage Lending & HMDA Data, 2008

In 2008, New American Funding, Llc. of Tustin, CA reported 648 mortgage applications totaling $168.2 million. The average application was for $259,614, and applicants reported an average income of $71,513. 50% of its applications resulted in an originated loan and 39% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (70), Santa Ana-Anaheim-Irvine, CA (58) and Los Angeles-Long Beach-Glendale, CA (47) (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 648
Total Mortgage Loan Application Amount $168,230,000
Average Mortgage Loan Application Amount $259,614
Highest Mortgage Loan Application Amount $770,000
Average Applicant Income $71,513
Highest Applicant Income $348,000

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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Orange, California 58 $ 21,118,000 $ 364,103 $ 101,000
Los Angeles, California 47 $ 17,191,000 $ 365,765 $ 100,000
Riverside, California 37 $ 9,225,000 $ 249,324 $ 77,000
San Bernardino, California 33 $ 9,648,000 $ 292,363 $ 62,000
San Diego, California 16 $ 5,210,000 $ 325,625 $ 73,000
Hartford, Connecticut 13 $ 2,737,000 $ 210,538 $ 50,000
Prince George's, Maryland 12 $ 3,664,000 $ 305,333 $ 74,000
Stanislaus, California 9 $ 2,581,000 $ 286,777 $ 99,000
Hampton, Virginia 9 $ 1,756,000 $ 195,111 $ 53,000
Milwaukee, Wisconsin 9 $ 1,691,000 $ 187,888 $ 62,000
Kern, California 8 $ 2,144,000 $ 268,000 $ 46,000
Sacramento, California 8 $ 2,028,000 $ 253,500 $ 110,000
New Haven, Connecticut 8 $ 2,132,000 $ 266,500 $ 60,000
DeKalb, Georgia 8 $ 1,360,000 $ 170,000 $ 57,000
Worcester, Massachusetts 8 $ 2,012,000 $ 251,500 $ 71,000
Fresno, California 7 $ 1,957,000 $ 279,571 $ 73,000
Wayne, Michigan 7 $ 819,000 $ 117,000 $ 49,000
Dakota, Minnesota 7 $ 1,361,000 $ 194,428 $ 59,000
Salt Lake, Utah 7 $ 1,780,000 $ 254,285 $ 60,000
Oakland, Michigan 6 $ 1,120,000 $ 186,666 $ 85,000
Pierce, Washington 6 $ 1,804,000 $ 300,666 $ 26,000
San Joaquin, California 5 $ 1,478,000 $ 295,600 $ 85,000
Ventura, California 5 $ 1,986,000 $ 397,200 $ 119,000
Windham, Connecticut 5 $ 1,075,000 $ 215,000 $ 58,000
Cobb, Georgia 5 $ 1,043,000 $ 208,600 $ 43,000
Gwinnett, Georgia 5 $ 1,024,000 $ 204,800 $ 55,000
Hawaii, Hawaii 5 $ 1,612,000 $ 322,400 $ 90,000
Honolulu, Hawaii 5 $ 2,277,000 $ 455,400 $ 98,000
Essex, Massachusetts 5 $ 1,480,000 $ 296,000 $ 115,000
Hampden, Massachusetts 5 $ 751,000 $ 150,200 $ 56,000
Berkeley, South Carolina 5 $ 785,000 $ 157,000 $ 36,000
Richland, South Carolina 5 $ 755,000 $ 151,000 $ 48,000
Chesterfield, Virginia 5 $ 1,038,000 $ 207,600 $ 69,000
King, Washington 5 $ 1,250,000 $ 250,000 $ 15,000
Solano, California 4 $ 1,238,000 $ 309,500 $ 102,000
Fairfield, Connecticut 4 $ 1,108,000 $ 277,000 $ 70,000
New London, Connecticut 4 $ 974,000 $ 243,500 $ 64,000
Broward, Florida 4 $ 885,000 $ 221,250 $ 41,000
Miami-Dade, Florida 4 $ 1,245,000 $ 311,250 $ 61,000
Pinellas, Florida 4 $ 899,000 $ 224,750 $ 61,000
Baltimore, Maryland 4 $ 1,015,000 $ 253,750 $ 54,000
Plymouth, Massachusetts 4 $ 1,105,000 $ 276,250 $ 98,000
Charleston, South Carolina 4 $ 660,000 $ 165,000 $ 64,000
Shelby, Tennessee 4 $ 766,000 $ 191,500 $ 91,000
Norfolk, Virginia 4 $ 750,000 $ 187,500 $ 67,000
Contra Costa, California 3 $ 979,000 $ 326,333 $ 84,000
Brevard, Florida 3 $ 522,000 $ 174,000 $ 46,000
Clayton, Georgia 3 $ 422,000 $ 140,666 $ 43,000
Fulton, Georgia 3 $ 435,000 $ 145,000 $ 45,000
Paulding, Georgia 3 $ 799,000 $ 266,333 $ 73,000
Anne Arundel, Maryland 3 $ 801,000 $ 267,000 $ 83,000
Middlesex, Massachusetts 3 $ 871,000 $ 290,333 $ 83,000
Norfolk, Massachusetts 3 $ 956,000 $ 318,666 $ 96,000
Suffolk, Massachusetts 3 $ 930,000 $ 310,000 $ 56,000
Macomb, Michigan 3 $ 499,000 $ 166,333 $ 16,000
Anoka, Minnesota 3 $ 569,000 $ 189,666 $ 64,000
Clackamas, Oregon 3 $ 692,000 $ 230,666 $ 51,000
Tipton, Tennessee 3 $ 432,000 $ 144,000 $ 35,000
Fairfax, Virginia 3 $ 980,000 $ 326,666 $ 116,000
Suffolk, Virginia 3 $ 396,000 $ 132,000 $ 63,000
Del Norte, California 2 $ 761,000 $ 380,500 $ 63,000
Humboldt, California 2 $ 505,000 $ 252,500 $ 68,000
Kings, California 2 $ 480,000 $ 240,000 $ 111,000
Monterey, California 2 $ 484,000 $ 242,000 $ 0
Sonoma, California 2 $ 675,000 $ 337,500 $ 47,000
Middlesex, Connecticut 2 $ 447,000 $ 223,500 $ 37,000
Tolland, Connecticut 2 $ 423,000 $ 211,500 $ 95,000
Hillsborough, Florida 2 $ 295,000 $ 147,500 $ 51,000
Lake, Florida 2 $ 376,000 $ 188,000 $ 80,000
Lee, Florida 2 $ 309,000 $ 154,500 $ 48,000
Orange, Florida 2 $ 479,000 $ 239,500 $ 89,000
Henry, Georgia 2 $ 343,000 $ 171,500 $ 30,000
Muscogee, Georgia 2 $ 337,000 $ 168,500 $ 86,000
Newton, Georgia 2 $ 258,000 $ 129,000 $ 44,000
Baltimore City, Maryland 2 $ 324,000 $ 162,000 $ 47,000
Carroll, Maryland 2 $ 591,000 $ 295,500 $ 37,000
Frederick, Maryland 2 $ 517,000 $ 258,500 $ 78,000
Montgomery, Maryland 2 $ 615,000 $ 307,500 $ 96,000
Washington, Maryland 2 $ 479,000 $ 239,500 $ 118,000
Wright, Minnesota 2 $ 302,000 $ 151,000 $ 28,000
Jefferson, Missouri 2 $ 332,000 $ 166,000 $ 75,000
Jackson, Oregon 2 $ 722,000 $ 361,000 $ 75,000
Multnomah, Oregon 2 $ 588,000 $ 294,000 $ 36,000
Dorchester, South Carolina 2 $ 443,000 $ 221,500 $ 90,000
Lexington, South Carolina 2 $ 592,000 $ 296,000 $ 89,000
Hamilton, Tennessee 2 $ 246,000 $ 123,000 $ 36,000
Sumner, Tennessee 2 $ 349,000 $ 174,500 $ 50,000
Henrico, Virginia 2 $ 292,000 $ 146,000 $ 14,000
Prince William, Virginia 2 $ 678,000 $ 339,000 $ 111,000
Richmond City, Virginia 2 $ 329,000 $ 164,500 $ 63,000
Spotsylvania, Virginia 2 $ 398,000 $ 199,000 $ 56,000
Warren, Virginia 2 $ 626,000 $ 313,000 $ 113,000
Clark, Washington 2 $ 561,000 $ 280,500 $ 0
Skagit, Washington 2 $ 677,000 $ 338,500 $ 77,000
Snohomish, Washington 2 $ 548,000 $ 274,000 $ 0
Thurston, Washington 2 $ 537,000 $ 268,500 $ 38,000
Alameda, California 1 $ 280,000 $ 280,000 $ 112,000
Butte, California 1 $ 174,000 $ 174,000 $ 55,000
Imperial, California 1 $ 171,000 $ 171,000 $ 66,000
San Mateo, California 1 $ 425,000 $ 425,000 $ 100,000
Tehama, California 1 $ 259,000 $ 259,000 $ 116,000
Tulare, California 1 $ 148,000 $ 148,000 $ 45,000
Denver, Colorado 1 $ 284,000 $ 284,000 $ 106,000
Jefferson, Colorado 1 $ 278,000 $ 278,000 $ 47,000
La Plata, Colorado 1 $ 429,000 $ 429,000 $ 54,000
Mesa, Colorado 1 $ 177,000 $ 177,000 $ 41,000
Weld, Colorado 1 $ 169,000 $ 169,000 $ 43,000
Litchfield, Connecticut 1 $ 206,000 $ 206,000 $ 65,000
Clay, Florida 1 $ 186,000 $ 186,000 $ 0
Collier, Florida 1 $ 339,000 $ 339,000 $ 76,000
Gadsden, Florida 1 $ 292,000 $ 292,000 $ 58,000
Jackson, Florida 1 $ 187,000 $ 187,000 $ 60,000
Okaloosa, Florida 1 $ 133,000 $ 133,000 $ 57,000
Polk, Florida 1 $ 131,000 $ 131,000 $ 55,000
St. Lucie, Florida 1 $ 202,000 $ 202,000 $ 52,000
Volusia, Florida 1 $ 192,000 $ 192,000 $ 60,000
Barrow, Georgia 1 $ 128,000 $ 128,000 $ 0
Bartow, Georgia 1 $ 108,000 $ 108,000 $ 48,000
Bryan, Georgia 1 $ 259,000 $ 259,000 $ 74,000
Charlton, Georgia 1 $ 254,000 $ 254,000 $ 68,000
Chatham, Georgia 1 $ 420,000 $ 420,000 $ 96,000
Cherokee, Georgia 1 $ 200,000 $ 200,000 $ 71,000
Columbia, Georgia 1 $ 139,000 $ 139,000 $ 61,000
Dawson, Georgia 1 $ 80,000 $ 80,000 $ 25,000
Douglas, Georgia 1 $ 147,000 $ 147,000 $ 0
Forsyth, Georgia 1 $ 417,000 $ 417,000 $ 140,000
Gilmer, Georgia 1 $ 174,000 $ 174,000 $ 36,000
Habersham, Georgia 1 $ 140,000 $ 140,000 $ 0
Haralson, Georgia 1 $ 193,000 $ 193,000 $ 48,000
Jackson, Georgia 1 $ 189,000 $ 189,000 $ 53,000
Jasper, Georgia 1 $ 158,000 $ 158,000 $ 27,000
McDuffie, Georgia 1 $ 160,000 $ 160,000 $ 38,000
Rockdale, Georgia 1 $ 175,000 $ 175,000 $ 74,000
Spalding, Georgia 1 $ 119,000 $ 119,000 $ 0
Towns, Georgia 1 $ 272,000 $ 272,000 $ 45,000
Union, Georgia 1 $ 252,000 $ 252,000 $ 88,000
Wayne, Georgia 1 $ 249,000 $ 249,000 $ 80,000
White, Georgia 1 $ 144,000 $ 144,000 $ 77,000
Calvert, Maryland 1 $ 368,000 $ 368,000 $ 89,000
Cecil, Maryland 1 $ 149,000 $ 149,000 $ 60,000
Charles, Maryland 1 $ 76,000 $ 76,000 $ 24,000
Harford, Maryland 1 $ 251,000 $ 251,000 $ 101,000
Howard, Maryland 1 $ 298,000 $ 298,000 $ 83,000
Berkshire, Massachusetts 1 $ 149,000 $ 149,000 $ 0
Bristol, Massachusetts 1 $ 265,000 $ 265,000 $ 79,000
Hampshire, Massachusetts 1 $ 148,000 $ 148,000 $ 36,000
Branch, Michigan 1 $ 118,000 $ 118,000 $ 59,000
Eaton, Michigan 1 $ 196,000 $ 196,000 $ 89,000
Genesee, Michigan 1 $ 175,000 $ 175,000 $ 50,000
Roscommon, Michigan 1 $ 118,000 $ 118,000 $ 0
Van Buren, Michigan 1 $ 145,000 $ 145,000 $ 31,000
Washtenaw, Michigan 1 $ 249,000 $ 249,000 $ 122,000
Hennepin, Minnesota 1 $ 176,000 $ 176,000 $ 53,000
Jackson, Missouri 1 $ 111,000 $ 111,000 $ 82,000
Morgan, Missouri 1 $ 167,000 $ 167,000 $ 95,000
St. Charles, Missouri 1 $ 157,000 $ 157,000 $ 63,000
St. Louis, Missouri 1 $ 132,000 $ 132,000 $ 48,000
Clark, Nevada 1 $ 505,000 $ 505,000 $ 200,000
Crook, Oregon 1 $ 147,000 $ 147,000 $ 42,000
Marion, Oregon 1 $ 272,000 $ 272,000 $ 73,000
Umatilla, Oregon 1 $ 159,000 $ 159,000 $ 55,000
Anderson, South Carolina 1 $ 112,000 $ 112,000 $ 32,000
Colleton, South Carolina 1 $ 236,000 $ 236,000 $ 148,000
Florence, South Carolina 1 $ 315,000 $ 315,000 $ 85,000
Greenville, South Carolina 1 $ 108,000 $ 108,000 $ 42,000
Horry, South Carolina 1 $ 210,000 $ 210,000 $ 85,000
Spartanburg, South Carolina 1 $ 148,000 $ 148,000 $ 89,000
Campbell, Tennessee 1 $ 122,000 $ 122,000 $ 43,000
Carter, Tennessee 1 $ 164,000 $ 164,000 $ 48,000
Fayette, Tennessee 1 $ 217,000 $ 217,000 $ 68,000
Lawrence, Tennessee 1 $ 117,000 $ 117,000 $ 75,000
Maury, Tennessee 1 $ 247,000 $ 247,000 $ 157,000
Putnam, Tennessee 1 $ 160,000 $ 160,000 $ 56,000
Robertson, Tennessee 1 $ 178,000 $ 178,000 $ 68,000
Rutherford, Tennessee 1 $ 140,000 $ 140,000 $ 51,000
Sevier, Tennessee 1 $ 163,000 $ 163,000 $ 50,000
Williamson, Tennessee 1 $ 414,000 $ 414,000 $ 110,000
Wilson, Tennessee 1 $ 173,000 $ 173,000 $ 88,000
Chambers, Texas 1 $ 207,000 $ 207,000 $ 76,000
Hidalgo, Texas 1 $ 211,000 $ 211,000 $ 106,000
Utah, Utah 1 $ 196,000 $ 196,000 $ 76,000
Caroline, Virginia 1 $ 184,000 $ 184,000 $ 25,000
Chesapeake, Virginia 1 $ 163,000 $ 163,000 $ 38,000
Dinwiddie, Virginia 1 $ 478,000 $ 478,000 $ 91,000
Fauquier, Virginia 1 $ 334,000 $ 334,000 $ 71,000
King George, Virginia 1 $ 265,000 $ 265,000 $ 90,000
Newport News, Virginia 1 $ 253,000 $ 253,000 $ 69,000
Patrick, Virginia 1 $ 123,000 $ 123,000 $ 80,000
Prince George, Virginia 1 $ 155,000 $ 155,000 $ 61,000
Virginia Beach, Virginia 1 $ 313,000 $ 313,000 $ 61,000
Pacific, Washington 1 $ 178,000 $ 178,000 $ 83,000
Whatcom, Washington 1 $ 243,000 $ 243,000 $ 0
Brown, Wisconsin 1 $ 144,000 $ 144,000 $ 52,000
Portage, Wisconsin 1 $ 108,000 $ 108,000 $ 73,000
Racine, Wisconsin 1 $ 143,000 $ 143,000 $ 69,000

Mortgage Loan Application Detail Totals for New American Funding, Llc. in 2008

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 559 $142,757,000 $255,000 $770,000 $68,000 $348,000
Home Purchase 88 $25,340,000 $287,000 $668,000 $94,000 $287,000
Home Improvement 1 $133,000 $133,000 $133,000 $57,000 $57,000

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 328 $88,292,000 $269,000 $770,000 $77,000 $287,000
Not Provided 158 $38,965,000 $246,000 $668,000 $58,000 $228,000
Hispanic 71 $20,067,000 $282,000 $578,000 $76,000 $200,000
Black or African American 69 $15,069,000 $218,000 $533,000 $60,000 $160,000
Asian 13 $3,616,000 $278,000 $396,000 $114,000 $348,000
American Indian or Alaskan Native 6 $1,338,000 $223,000 $296,000 $59,000 $118,000
Native Hawaiian or Other Pacific Islander 3 $883,000 $294,000 $508,000 $83,000 $127,000
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
FHA-insured (Federal Housing Administration) 544 $133,653,000 $245,000 $618,000 $65,000 $287,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 104 $34,577,000 $332,000 $770,000 $103,000 $348,000
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
Loan Originated 324 $86,937,000 $268,000 $770,000 $68,000 $348,000
Application Denied By Financial Institution 255 $63,730,000 $249,000 $668,000 $75,000 $276,000
Application Withdrawn By Applicant 62 $15,604,000 $251,000 $499,000 $72,000 $210,000
Application Approved But Not Accepted 7 $1,959,000 $279,000 $345,000 $80,000 $101,000
File Closed For Incompleteness 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
Credit History 124 $31,143,000 $251,000 $668,000 $73,000 $228,000
Collateral 56 $13,370,000 $238,000 $533,000 $77,000 $200,000
Debt-To-Income Ratio 45 $10,939,000 $243,000 $471,000 $73,000 $276,000
Credit Application Incomplete 12 $2,813,000 $234,000 $513,000 $70,000 $145,000
Insufficient Cash (Downpayment, Closing Cost) 5 $1,546,000 $309,000 $482,000 $79,000 $130,000
Other 4 $1,107,000 $276,000 $495,000 $76,000 $135,000
Employment History 2 $433,000 $216,000 $229,000 $46,000 $57,000
Unverifiable Information 1 $176,000 $176,000 $176,000 $46,000 $46,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into New American Funding, Llc.'s 2008 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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