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 |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2006 2005 |
| 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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Riverside-San Bernardino-Ontario, CA | 70 | $ 18,873,000 | $ 269,614 | $ 70,000 |
| Santa Ana-Anaheim-Irvine, CA | 58 | $ 21,118,000 | $ 364,103 | $ 101,000 |
| Los Angeles-Long Beach-Glendale, CA | 47 | $ 17,191,000 | $ 365,765 | $ 100,000 |
| Atlanta-Sandy Springs-Marietta, GA | 41 | $ 7,409,000 | $ 180,707 | $ 49,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 24 | $ 7,124,000 | $ 296,833 | $ 82,250 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 19 | $ 3,631,000 | $ 191,105 | $ 58,000 |
| Hartford-West Hartford-East Hartford, CT | 17 | $ 3,607,000 | $ 212,176 | $ 54,000 |
| San Diego-Carlsbad-San Marcos, CA | 16 | $ 5,210,000 | $ 325,625 | $ 73,000 |
| Baltimore-Towson, MD | 13 | $ 3,280,000 | $ 252,307 | $ 63,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 13 | $ 2,408,000 | $ 185,230 | $ 55,000 |
| Richmond, VA | 12 | $ 2,476,000 | $ 206,333 | $ 56,000 |
| Charleston-North Charleston-Summerville, SC | 11 | $ 1,888,000 | $ 171,636 | $ 56,000 |
| Boston-Quincy, MA | 10 | $ 2,991,000 | $ 299,100 | $ 85,000 |
| Milwaukee-Waukesha-West Allis, WI | 9 | $ 1,691,000 | $ 187,888 | $ 62,000 |
| Modesto, CA | 9 | $ 2,581,000 | $ 286,777 | $ 99,000 |
| Warren-Troy-Farmington Hills, MI | 9 | $ 1,619,000 | $ 179,888 | $ 62,000 |
| Bakersfield, CA | 8 | $ 2,144,000 | $ 268,000 | $ 46,000 |
| Memphis, TN-MS-AR | 8 | $ 1,415,000 | $ 176,875 | $ 67,000 |
| New Haven-Milford, CT | 8 | $ 2,132,000 | $ 266,500 | $ 60,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 8 | $ 2,028,000 | $ 253,500 | $ 110,000 |
| Worcester, MA | 8 | $ 2,012,000 | $ 251,500 | $ 71,000 |
| Columbia, SC | 7 | $ 1,347,000 | $ 192,428 | $ 59,000 |
| Detroit-Livonia-Dearborn, MI | 7 | $ 819,000 | $ 117,000 | $ 49,000 |
| Fresno, CA | 7 | $ 1,957,000 | $ 279,571 | $ 73,000 |
| Portland-Vancouver-Beaverton, OR-WA | 7 | $ 1,841,000 | $ 263,000 | $ 32,142 |
| Salt Lake City, UT | 7 | $ 1,780,000 | $ 254,285 | $ 60,000 |
| Seattle-Bellevue-Everett, WA | 7 | $ 1,798,000 | $ 256,857 | $ 10,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 6 | $ 1,254,000 | $ 209,000 | $ 69,000 |
| Springfield, MA | 6 | $ 899,000 | $ 149,833 | $ 52,000 |
| Tacoma, WA | 6 | $ 1,804,000 | $ 300,666 | $ 26,000 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 1,194,000 | $ 199,000 | $ 57,000 |
| Honolulu, HI | 5 | $ 2,277,000 | $ 455,400 | $ 98,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 5 | $ 1,986,000 | $ 397,200 | $ 119,000 |
| Peabody, MA | 5 | $ 1,480,000 | $ 296,000 | $ 115,000 |
| Stockton, CA | 5 | $ 1,478,000 | $ 295,600 | $ 85,000 |
| Bethesda-Frederick-Gaithersburg, MD | 4 | $ 1,132,000 | $ 283,000 | $ 87,000 |
| Bridgeport-Stamford-Norwalk, CT | 4 | $ 1,108,000 | $ 277,000 | $ 70,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 885,000 | $ 221,250 | $ 41,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 1,245,000 | $ 311,250 | $ 61,000 |
| Norwich-New London, CT | 4 | $ 974,000 | $ 243,500 | $ 64,000 |
| Oakland-Fremont-Hayward, CA | 4 | $ 1,259,000 | $ 314,750 | $ 91,000 |
| Orlando-Kissimmee, FL | 4 | $ 855,000 | $ 213,750 | $ 85,000 |
| St. Louis, MO-IL | 4 | $ 621,000 | $ 155,250 | $ 65,000 |
| Vallejo-Fairfield, CA | 4 | $ 1,238,000 | $ 309,500 | $ 102,000 |
| Cambridge-Newton-Framingham, MA | 3 | $ 871,000 | $ 290,333 | $ 83,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 522,000 | $ 174,000 | $ 46,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 299,000 | $ 149,500 | $ 49,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 309,000 | $ 154,500 | $ 48,000 |
| Chattanooga, TN-GA | 2 | $ 246,000 | $ 123,000 | $ 36,000 |
| Columbus, GA-AL | 2 | $ 337,000 | $ 168,500 | $ 86,000 |
| Denver-Aurora, CO | 2 | $ 562,000 | $ 281,000 | $ 76,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 479,000 | $ 239,500 | $ 118,000 |
| Hanford-Corcoran, CA | 2 | $ 480,000 | $ 240,000 | $ 111,000 |
| Medford, OR | 2 | $ 722,000 | $ 361,000 | $ 75,000 |
| Mount Vernon-Anacortes, WA | 2 | $ 677,000 | $ 338,500 | $ 77,000 |
| Olympia, WA | 2 | $ 537,000 | $ 268,500 | $ 38,000 |
| Salinas, CA | 2 | $ 484,000 | $ 242,000 | $ 0 |
| Santa Rosa-Petaluma, CA | 2 | $ 675,000 | $ 337,500 | $ 47,000 |
| Savannah, GA | 2 | $ 679,000 | $ 339,500 | $ 85,000 |
| Anderson, SC | 1 | $ 112,000 | $ 112,000 | $ 32,000 |
| Ann Arbor, MI | 1 | $ 249,000 | $ 249,000 | $ 122,000 |
| Bellingham, WA | 1 | $ 243,000 | $ 243,000 | $ 0 |
| Chico, CA | 1 | $ 174,000 | $ 174,000 | $ 55,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 192,000 | $ 192,000 | $ 60,000 |
| El Centro, CA | 1 | $ 171,000 | $ 171,000 | $ 66,000 |
| Flint, MI | 1 | $ 175,000 | $ 175,000 | $ 50,000 |
| Florence, SC | 1 | $ 315,000 | $ 315,000 | $ 85,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 133,000 | $ 133,000 | $ 57,000 |
| Grand Junction, CO | 1 | $ 177,000 | $ 177,000 | $ 41,000 |
| Greeley, CO | 1 | $ 169,000 | $ 169,000 | $ 43,000 |
| Green Bay, WI | 1 | $ 144,000 | $ 144,000 | $ 52,000 |
| Greenville-Mauldin-Easley, SC | 1 | $ 108,000 | $ 108,000 | $ 42,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 207,000 | $ 207,000 | $ 76,000 |
| Jacksonville, FL | 1 | $ 186,000 | $ 186,000 | $ 0 |
| Johnson City, TN | 1 | $ 164,000 | $ 164,000 | $ 48,000 |
| Kalamazoo-Portage, MI | 1 | $ 145,000 | $ 145,000 | $ 31,000 |
| Kansas City, MO-KS | 1 | $ 111,000 | $ 111,000 | $ 82,000 |
| Lakeland-Winter Haven, FL | 1 | $ 131,000 | $ 131,000 | $ 55,000 |
| Lansing-East Lansing, MI | 1 | $ 196,000 | $ 196,000 | $ 89,000 |
| Las Vegas-Paradise, NV | 1 | $ 505,000 | $ 505,000 | $ 200,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 211,000 | $ 211,000 | $ 106,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 210,000 | $ 210,000 | $ 85,000 |
| Naples-Marco Island, FL | 1 | $ 339,000 | $ 339,000 | $ 76,000 |
| Pittsfield, MA | 1 | $ 149,000 | $ 149,000 | $ 0 |
| Port St. Lucie, FL | 1 | $ 202,000 | $ 202,000 | $ 52,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 265,000 | $ 265,000 | $ 79,000 |
| Provo-Orem, UT | 1 | $ 196,000 | $ 196,000 | $ 76,000 |
| Racine, WI | 1 | $ 143,000 | $ 143,000 | $ 69,000 |
| Salem, OR | 1 | $ 272,000 | $ 272,000 | $ 73,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 425,000 | $ 425,000 | $ 100,000 |
| Spartanburg, SC | 1 | $ 148,000 | $ 148,000 | $ 89,000 |
| Tallahassee, FL | 1 | $ 292,000 | $ 292,000 | $ 58,000 |
| Visalia-Porterville, CA | 1 | $ 148,000 | $ 148,000 | $ 45,000 |
| Wilmington, DE-MD-NJ | 1 | $ 149,000 | $ 149,000 | $ 60,000 |
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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