New American Funding, Llc. Mortgage Lending & HMDA Data, 2011

In 2011, New American Funding, Llc. of Tustin, CA reported 8,030 mortgage applications totaling $2.4 billion, up 25% from 2010. The average application was for $298,325, and applicants reported an average income of $108,900. 83% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Santa Ana-Anaheim-Irvine, CA (1,034), Los Angeles-Long Beach-Glendale, CA (1,031) and Riverside-San Bernardino-Ontario, CA (646) (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 8,030
Total Mortgage Loan Application Amount $2,395,552,000
Average Mortgage Loan Application Amount $298,325
Highest Mortgage Loan Application Amount $3,000,000
Average Applicant Income $108,900
Highest Applicant Income $8,594,000

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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Metropolitan Area in 2011

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Santa Ana-Anaheim-Irvine, CA 1,034 $ 439,230,000 $ 424,787 $ 164,000
Los Angeles-Long Beach-Glendale, CA 1,031 $ 347,496,000 $ 337,047 $ 117,000
Riverside-San Bernardino-Ontario, CA 646 $ 163,363,000 $ 252,883 $ 90,000
San Diego-Carlsbad-San Marcos, CA 570 $ 182,313,000 $ 319,847 $ 113,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 266 $ 87,524,000 $ 329,037 $ 107,060
Oakland-Fremont-Hayward, CA 194 $ 72,134,000 $ 371,824 $ 122,000
Denver-Aurora-Broomfield, CO 190 $ 47,325,000 $ 249,078 $ 88,000
Atlanta-Sandy Springs-Marietta, GA 186 $ 40,521,000 $ 217,854 $ 90,000
Portland-Vancouver-Hillsboro, OR-WA 168 $ 41,226,000 $ 245,392 $ 87,285
Houston-Sugar Land-Baytown, TX 157 $ 33,690,000 $ 214,585 $ 99,000
Sacramento--Arden-Arcade--Roseville, CA 149 $ 42,222,000 $ 283,369 $ 99,000
Baltimore-Towson, MD 143 $ 36,916,000 $ 258,153 $ 90,000
Seattle-Bellevue-Everett, WA 139 $ 42,079,000 $ 302,726 $ 93,000
Phoenix-Mesa-Glendale, AZ 136 $ 34,254,000 $ 251,867 $ 94,000
San Jose-Sunnyvale-Santa Clara, CA 136 $ 57,579,000 $ 423,375 $ 149,000
Nashville-Davidson--Murfreesboro--Franklin, TN 119 $ 25,549,000 $ 214,697 $ 76,000
Dallas-Plano-Irving, TX 102 $ 22,509,000 $ 220,676 $ 94,000
Oxnard-Thousand Oaks-Ventura, CA 95 $ 34,880,000 $ 367,157 $ 120,000
San Francisco-San Mateo-Redwood City, CA 95 $ 43,578,000 $ 458,715 $ 153,000
Bethesda-Rockville-Frederick, MD 80 $ 26,917,000 $ 336,462 $ 121,000
Ogden-Clearfield, UT 76 $ 18,686,000 $ 245,868 $ 73,000
Charlotte-Gastonia-Rock Hill, NC-SC 61 $ 13,323,000 $ 218,409 $ 86,000
Austin-Round Rock-San Marcos, TX 60 $ 14,110,000 $ 235,166 $ 107,000
Fresno, CA 54 $ 11,857,000 $ 219,574 $ 78,000
Bakersfield-Delano, CA 52 $ 11,829,000 $ 227,480 $ 87,000
Colorado Springs, CO 52 $ 11,370,000 $ 218,653 $ 74,000
Chicago-Joliet-Naperville, IL 51 $ 13,605,000 $ 266,764 $ 109,000
Milwaukee-Waukesha-West Allis, WI 51 $ 10,835,000 $ 212,450 $ 77,000
Raleigh-Cary, NC 51 $ 11,718,000 $ 229,764 $ 72,000
Cambridge-Newton-Framingham, MA 48 $ 15,765,000 $ 328,437 $ 147,000
Fort Worth-Arlington, TX 47 $ 9,419,000 $ 200,404 $ 98,000
San Antonio-New Braunfels, TX 47 $ 10,637,000 $ 226,319 $ 111,000
Tacoma, WA 46 $ 12,376,000 $ 269,043 $ 99,000
Memphis, TN-MS-AR 45 $ 9,039,000 $ 200,866 $ 75,000
Virginia Beach-Norfolk-Newport News, VA-NC 44 $ 10,305,000 $ 234,204 $ 65,909
Stockton, CA 43 $ 11,377,000 $ 264,581 $ 86,000
Hartford-West Hartford-East Hartford, CT 42 $ 10,646,000 $ 253,476 $ 99,000
Richmond, VA 41 $ 9,569,000 $ 233,390 $ 73,000
Minneapolis-St. Paul-Bloomington, MN-WI 40 $ 9,737,000 $ 243,425 $ 86,875
Provo-Orem, UT 40 $ 8,567,000 $ 214,175 $ 67,000
Tucson, AZ 40 $ 9,141,000 $ 228,525 $ 80,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 37 $ 9,674,000 $ 261,459 $ 100,000
Salt Lake City, UT 36 $ 8,476,000 $ 235,444 $ 71,000
Santa Rosa-Petaluma, CA 34 $ 10,358,000 $ 304,647 $ 120,000
Boston-Quincy, MA 32 $ 9,734,000 $ 304,187 $ 145,000
Eugene-Springfield, OR 29 $ 5,931,000 $ 204,517 $ 62,000
Salem, OR 29 $ 5,332,000 $ 183,862 $ 62,000
Vallejo-Fairfield, CA 28 $ 7,537,000 $ 269,178 $ 85,000
Boulder, CO 24 $ 7,141,000 $ 297,541 $ 107,000
Bridgeport-Stamford-Norwalk, CT 24 $ 8,394,000 $ 349,750 $ 120,000
Miami-Miami Beach-Kendall, FL 24 $ 6,042,000 $ 251,750 $ 94,000
Spokane, WA 24 $ 4,641,000 $ 193,375 $ 66,000
El Paso, TX 23 $ 4,781,000 $ 207,869 $ 91,000
New Haven-Milford, CT 23 $ 6,089,000 $ 264,739 $ 88,000
Olympia, WA 23 $ 5,065,000 $ 220,217 $ 74,000
Salinas, CA 23 $ 8,578,000 $ 372,956 $ 152,000
Modesto, CA 22 $ 4,733,000 $ 215,136 $ 74,000
Orlando-Kissimmee-Sanford, FL 22 $ 4,688,000 $ 213,090 $ 78,000
Wilmington, NC 22 $ 4,497,000 $ 204,409 $ 86,000
Madison, WI 21 $ 4,588,000 $ 218,476 $ 72,000
Knoxville, TN 19 $ 3,369,000 $ 177,315 $ 68,000
Greeley, CO 18 $ 3,647,000 $ 202,611 $ 76,000
Jacksonville, FL 18 $ 3,973,000 $ 220,722 $ 66,000
San Luis Obispo-Paso Robles, CA 18 $ 5,953,000 $ 330,722 $ 181,000
Santa Barbara-Santa Maria-Goleta, CA 18 $ 6,502,000 $ 361,222 $ 142,000
Visalia-Porterville, CA 18 $ 3,939,000 $ 218,833 $ 86,000
Tampa-St. Petersburg-Clearwater, FL 17 $ 3,542,000 $ 208,352 $ 75,000
Bremerton-Silverdale, WA 16 $ 4,466,000 $ 279,125 $ 111,000
Grand Junction, CO 15 $ 3,320,000 $ 221,333 $ 67,000
Hagerstown-Martinsburg, MD-WV 15 $ 3,470,000 $ 231,333 $ 72,000
Peabody, MA 15 $ 4,369,000 $ 291,266 $ 82,000
Chattanooga, TN-GA 14 $ 2,888,000 $ 206,285 $ 73,000
Merced, CA 14 $ 3,051,000 $ 217,928 $ 76,000
Fort Collins-Loveland, CO 13 $ 3,205,000 $ 246,538 $ 83,000
Greensboro-High Point, NC 13 $ 2,599,000 $ 199,923 $ 66,000
Napa, CA 13 $ 4,314,000 $ 331,846 $ 92,000
St. George, UT 13 $ 2,396,000 $ 184,307 $ 55,000
St. Louis, MO-IL 13 $ 2,272,000 $ 174,769 $ 72,000
Bellingham, WA 12 $ 2,926,000 $ 243,833 $ 81,000
Durham-Chapel Hill, NC 12 $ 2,310,000 $ 192,500 $ 80,000
Lake County-Kenosha County, IL-WI 12 $ 2,645,000 $ 220,416 $ 105,750
Santa Cruz-Watsonville, CA 12 $ 4,540,000 $ 378,333 $ 102,000
West Palm Beach-Boca Raton-Boynton Beach, FL 12 $ 2,674,000 $ 222,833 $ 74,000
Medford, OR 10 $ 2,458,000 $ 245,800 $ 73,000
Asheville, NC 9 $ 2,006,000 $ 222,888 $ 140,000
El Centro, CA 9 $ 1,720,000 $ 191,111 $ 73,000
Rockford, IL 9 $ 1,726,000 $ 191,777 $ 69,000
Chico, CA 8 $ 2,021,000 $ 252,625 $ 71,000
Prescott, AZ 8 $ 1,568,000 $ 196,000 $ 49,000
Winston-Salem, NC 8 $ 1,492,000 $ 186,500 $ 69,000
Bend, OR 7 $ 1,990,000 $ 284,285 $ 104,000
Fayetteville, NC 7 $ 1,144,000 $ 163,428 $ 66,000
McAllen-Edinburg-Mission, TX 7 $ 1,400,000 $ 200,000 $ 72,000
Mount Vernon-Anacortes, WA 7 $ 1,634,000 $ 233,428 $ 60,000
Worcester, MA 7 $ 2,108,000 $ 301,142 $ 118,000
Augusta-Richmond County, GA-SC 6 $ 1,255,000 $ 209,166 $ 121,000
Barnstable Town, MA 6 $ 1,579,000 $ 263,166 $ 111,000
Beaumont-Port Arthur, TX 6 $ 1,207,000 $ 201,166 $ 120,000
Cleveland, TN 6 $ 1,201,000 $ 200,166 $ 84,000
Lake Havasu City-Kingman, AZ 6 $ 1,001,000 $ 166,833 $ 112,000
Madera-Chowchilla, CA 6 $ 1,418,000 $ 236,333 $ 85,000
Pueblo, CO 6 $ 1,371,000 $ 228,500 $ 100,000
Redding, CA 6 $ 1,310,000 $ 218,333 $ 54,000
Yakima, WA 6 $ 1,076,000 $ 179,333 $ 80,000
Yuba City, CA 6 $ 1,317,000 $ 219,500 $ 73,000
Honolulu, HI 5 $ 2,430,000 $ 486,000 $ 111,000
Lakeland-Winter Haven, FL 5 $ 872,000 $ 174,400 $ 64,000
North Port-Bradenton-Sarasota, FL 5 $ 840,000 $ 168,000 $ 59,000
Norwich-New London, CT 5 $ 1,376,000 $ 275,200 $ 93,000
Racine, WI 5 $ 1,254,000 $ 250,800 $ 121,000
Salisbury, MD 5 $ 1,009,000 $ 201,800 $ 72,000
Yuma, AZ 5 $ 1,274,000 $ 254,800 $ 71,000
Amarillo, TX 4 $ 691,000 $ 172,750 $ 64,000
Corpus Christi, TX 4 $ 1,033,000 $ 258,250 $ 249,000
Hanford-Corcoran, CA 4 $ 947,000 $ 236,750 $ 69,000
Johnson City, TN 4 $ 571,000 $ 142,750 $ 65,000
Kennewick-Pasco-Richland, WA 4 $ 923,000 $ 230,750 $ 54,000
Longview, WA 4 $ 820,000 $ 205,000 $ 59,000
Oshkosh-Neenah, WI 4 $ 688,000 $ 172,000 $ 84,000
Pensacola-Ferry Pass-Brent, FL 4 $ 891,000 $ 222,750 $ 73,000
Providence-New Bedford-Fall River, RI-MA 4 $ 1,167,000 $ 291,750 $ 75,000
Wilmington, DE-MD-NJ 4 $ 1,084,000 $ 271,000 $ 116,000
Winchester, VA-WV 4 $ 1,195,000 $ 298,750 $ 52,000
Charlottesville, VA 3 $ 888,000 $ 296,000 $ 136,000
Clarksville, TN-KY 3 $ 563,000 $ 187,666 $ 84,000
College Station-Bryan, TX 3 $ 757,000 $ 252,333 $ 93,000
Corvallis, OR 3 $ 681,000 $ 227,000 $ 56,000
Flagstaff, AZ 3 $ 821,000 $ 273,666 $ 58,000
Gainesville, GA 3 $ 540,000 $ 180,000 $ 85,000
Green Bay, WI 3 $ 563,000 $ 187,666 $ 59,000
Greenville, NC 3 $ 588,000 $ 196,000 $ 73,000
Hickory-Lenoir-Morganton, NC 3 $ 706,000 $ 235,333 $ 92,000
Kingsport-Bristol-Bristol, TN-VA 3 $ 791,000 $ 263,666 $ 101,000
Midland, TX 3 $ 621,000 $ 207,000 $ 131,000
Morristown, TN 3 $ 455,000 $ 151,666 $ 60,000
Palm Bay-Melbourne-Titusville, FL 3 $ 680,000 $ 226,666 $ 103,000
Waco, TX 3 $ 490,000 $ 163,333 $ 59,000
Wenatchee-East Wenatchee, WA 3 $ 802,000 $ 267,333 $ 132,000
Cape Coral-Fort Myers, FL 2 $ 268,000 $ 134,000 $ 58,000
Columbus, GA-AL 2 $ 677,000 $ 338,500 $ 286,000
Davenport-Moline-Rock Island, IA-IL 2 $ 340,000 $ 170,000 $ 55,000
Duluth, MN-WI 2 $ 643,000 $ 321,500 $ 90,000
Killeen-Temple-Fort Hood, TX 2 $ 543,000 $ 271,500 $ 129,000
Naples-Marco Island, FL 2 $ 794,000 $ 397,000 $ 141,000
Peoria, IL 2 $ 351,000 $ 175,500 $ 73,000
Pittsfield, MA 2 $ 672,000 $ 336,000 $ 176,000
Roanoke, VA 2 $ 552,000 $ 276,000 $ 76,000
Abilene, TX 1 $ 120,000 $ 120,000 $ 42,000
Albany, GA 1 $ 171,000 $ 171,000 $ 96,000
Appleton, WI 1 $ 208,000 $ 208,000 $ 68,000
Crestview-Fort Walton Beach-Destin, FL 1 $ 197,000 $ 197,000 $ 49,000
Cumberland, MD-WV 1 $ 193,000 $ 193,000 $ 96,000
Deltona-Daytona Beach-Ormond Beach, FL 1 $ 156,000 $ 156,000 $ 48,000
Fond Du Lac, WI 1 $ 94,000 $ 94,000 $ 66,000
Jackson, TN 1 $ 196,000 $ 196,000 $ 66,000
Longview, TX 1 $ 250,000 $ 250,000 $ 88,000
Lynchburg, VA 1 $ 284,000 $ 284,000 $ 159,000
Ocala, FL 1 $ 177,000 $ 177,000 $ 37,000
Rome, GA 1 $ 154,000 $ 154,000 $ 53,000
Savannah, GA 1 $ 192,000 $ 192,000 $ 99,000
Sherman-Denison, TX 1 $ 215,000 $ 215,000 $ 64,000
Springfield, MA 1 $ 316,000 $ 316,000 $ 123,000
St. Cloud, MN 1 $ 400,000 $ 400,000 $ 482,000
Texarkana, Tx-Texarkana, AR 1 $ 157,000 $ 157,000 $ 62,000
Valdosta, GA 1 $ 125,000 $ 125,000 $ 44,000
Warner Robins, GA 1 $ 79,000 $ 79,000 $ 33,000
Wichita Falls, TX 1 $ 100,000 $ 100,000 $ 78,000

Mortgage Loan Application Detail Totals for New American Funding, Llc. in 2011

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 6,973 $2,065,734,000 $296,000 $3,000,000 $108,000 $4,318,000
Home Purchase 1,055 $329,307,000 $312,000 $2,700,000 $115,000 $8,594,000
Home Improvement 2 $511,000 $255,000 $328,000 $30,000 $60,000

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 4,543 $1,368,412,000 $301,000 $2,200,000 $112,000 $2,062,000
Not Provided 1,277 $412,679,000 $323,000 $2,700,000 $125,000 $8,594,000
Hispanic 1,048 $267,096,000 $254,000 $863,000 $81,000 $4,318,000
Asian 569 $194,675,000 $342,000 $3,000,000 $128,000 $4,164,000
Black or African American 475 $116,783,000 $245,000 $1,200,000 $80,000 $369,000
Native Hawaiian or Other Pacific Islander 83 $25,890,000 $311,000 $706,000 $93,000 $254,000
American Indian or Alaskan Native 33 $9,607,000 $291,000 $728,000 $89,000 $221,000
Not applicable 2 $410,000 $205,000 $250,000 $112,000 $129,000

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) 4,195 $1,080,381,000 $257,000 $2,020,000 $78,000 $375,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 3,336 $1,170,749,000 $350,000 $3,000,000 $149,000 $8,594,000
VA-guaranteed (Veterans Administration) 496 $143,890,000 $290,000 $1,395,000 $91,000 $683,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $532,000 $177,000 $205,000 $74,000 $102,000

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 6,649 $1,980,144,000 $297,000 $2,700,000 $109,000 $8,594,000
Application Withdrawn By Applicant 889 $269,095,000 $302,000 $3,000,000 $108,000 $4,164,000
Application Denied By Financial Institution 414 $122,896,000 $296,000 $1,930,000 $111,000 $4,318,000
Application Approved But Not Accepted 63 $18,477,000 $293,000 $710,000 $99,000 $409,000
Loan Purchased By The Institution 8 $2,425,000 $303,000 $380,000 $0 $0
File Closed For Incompleteness 7 $2,515,000 $359,000 $729,000 $218,000 $964,000
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
Debt-To-Income Ratio 61 $19,947,000 $327,000 $1,930,000 $76,000 $439,000
Credit History 30 $8,370,000 $279,000 $738,000 $84,000 $182,000
Collateral 27 $7,615,000 $282,000 $685,000 $270,000 $4,318,000
Other 17 $4,481,000 $263,000 $545,000 $97,000 $224,000
Unverifiable Information 10 $2,575,000 $257,000 $377,000 $74,000 $150,000
Employment History 6 $2,210,000 $368,000 $724,000 $66,000 $151,000
Insufficient Cash (Downpayment, Closing Cost) 1 $299,000 $299,000 $299,000 $125,000 $125,000
Mortgage Insurance Denied 1 $700,000 $700,000 $700,000 $175,000 $175,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into New American Funding, Llc.'s 2011 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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