New American Funding, Llc. Mortgage Lending & HMDA Data, 2012

In 2012, New American Funding, Llc. of Tustin, CA reported 12,793 mortgage applications totaling $3.9 billion, up 59% from 2011. The average application was for $301,657, and applicants reported an average income of $102,116. 74% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (2,350), Santa Ana-Anaheim-Irvine, CA (1,893) and Riverside-San Bernardino-Ontario, CA (1,340) (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 12,793
Total Mortgage Loan Application Amount $3,859,102,000
Average Mortgage Loan Application Amount $301,657
Highest Mortgage Loan Application Amount $6,000,000
Average Applicant Income $102,116
Highest Applicant Income $4,800,000

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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2012

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles-Long Beach-Glendale, CA 2,350 $ 762,167,000 $ 324,326 $ 104,000
Santa Ana-Anaheim-Irvine, CA 1,893 $ 722,903,000 $ 381,882 $ 132,000
Riverside-San Bernardino-Ontario, CA 1,340 $ 323,722,000 $ 241,583 $ 80,000
San Diego-Carlsbad-San Marcos, CA 644 $ 212,885,000 $ 330,566 $ 116,000
Oakland-Fremont-Hayward, CA 252 $ 86,473,000 $ 343,146 $ 107,000
Phoenix-Mesa-Glendale, AZ 252 $ 59,576,000 $ 236,412 $ 94,000
Sacramento--Arden-Arcade--Roseville, CA 226 $ 56,881,000 $ 251,685 $ 94,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 215 $ 69,022,000 $ 321,032 $ 94,627
Oxnard-Thousand Oaks-Ventura, CA 207 $ 65,511,000 $ 316,478 $ 109,000
San Jose-Sunnyvale-Santa Clara, CA 168 $ 68,799,000 $ 409,517 $ 146,000
Denver-Aurora-Broomfield, CO 158 $ 35,251,000 $ 223,107 $ 68,000
Houston-Sugar Land-Baytown, TX 151 $ 30,811,000 $ 204,046 $ 72,000
San Francisco-San Mateo-Redwood City, CA 110 $ 53,084,000 $ 482,581 $ 163,000
Atlanta-Sandy Springs-Marietta, GA 108 $ 24,221,000 $ 224,268 $ 80,000
Seattle-Bellevue-Everett, WA 97 $ 28,909,000 $ 298,030 $ 77,000
Portland-Vancouver-Hillsboro, OR-WA 96 $ 23,219,000 $ 241,864 $ 73,750
Bakersfield-Delano, CA 92 $ 19,673,000 $ 213,836 $ 66,000
Dallas-Plano-Irving, TX 86 $ 22,138,000 $ 257,418 $ 77,000
Baltimore-Towson, MD 79 $ 22,028,000 $ 278,835 $ 80,000
Chicago-Joliet-Naperville, IL 68 $ 14,815,000 $ 217,867 $ 82,000
Stockton, CA 67 $ 16,058,000 $ 239,671 $ 75,000
Fresno, CA 57 $ 12,810,000 $ 224,736 $ 74,000
Vallejo-Fairfield, CA 57 $ 15,572,000 $ 273,192 $ 64,000
Bethesda-Rockville-Frederick, MD 55 $ 18,841,000 $ 342,563 $ 99,000
Modesto, CA 53 $ 11,903,000 $ 224,584 $ 75,000
Tucson, AZ 50 $ 9,863,000 $ 197,260 $ 59,000
Visalia-Porterville, CA 49 $ 10,999,000 $ 224,469 $ 110,000
Charlotte-Gastonia-Rock Hill, NC-SC 48 $ 10,005,000 $ 208,437 $ 73,000
Nashville-Davidson--Murfreesboro--Franklin, TN 48 $ 10,743,000 $ 223,812 $ 51,000
Salt Lake City, UT 48 $ 13,295,000 $ 276,979 $ 86,000
Santa Barbara-Santa Maria-Goleta, CA 46 $ 18,273,000 $ 397,239 $ 115,000
Cambridge-Newton-Framingham, MA 43 $ 13,054,000 $ 303,581 $ 116,000
Orlando-Kissimmee-Sanford, FL 42 $ 9,435,000 $ 224,642 $ 77,000
Tacoma, WA 41 $ 9,666,000 $ 235,756 $ 80,000
Richmond, VA 38 $ 9,772,000 $ 257,157 $ 65,000
Austin-Round Rock-San Marcos, TX 37 $ 8,906,000 $ 240,702 $ 105,000
San Antonio-New Braunfels, TX 36 $ 7,155,000 $ 198,750 $ 47,000
Tampa-St. Petersburg-Clearwater, FL 35 $ 6,383,000 $ 182,371 $ 77,000
Fort Worth-Arlington, TX 34 $ 6,728,000 $ 197,882 $ 83,000
Santa Rosa-Petaluma, CA 33 $ 9,638,000 $ 292,060 $ 84,000
Minneapolis-St. Paul-Bloomington, MN-WI 32 $ 6,564,000 $ 205,125 $ 106,812
Provo-Orem, UT 29 $ 5,701,000 $ 196,586 $ 74,000
Ogden-Clearfield, UT 28 $ 5,392,000 $ 192,571 $ 51,000
Salinas, CA 28 $ 7,862,000 $ 280,785 $ 83,000
Las Vegas-Paradise, NV 27 $ 5,783,000 $ 214,185 $ 123,000
Virginia Beach-Norfolk-Newport News, VA-NC 27 $ 7,494,000 $ 277,555 $ 60,000
San Luis Obispo-Paso Robles, CA 26 $ 8,608,000 $ 331,076 $ 167,000
Colorado Springs, CO 25 $ 5,290,000 $ 211,600 $ 66,000
Raleigh-Cary, NC 23 $ 5,804,000 $ 252,347 $ 76,000
Boston-Quincy, MA 22 $ 6,686,000 $ 303,909 $ 109,000
Merced, CA 21 $ 3,453,000 $ 164,428 $ 67,000
Miami-Miami Beach-Kendall, FL 20 $ 4,694,000 $ 234,700 $ 63,000
Lake Havasu City-Kingman, AZ 19 $ 3,409,000 $ 179,421 $ 94,000
Napa, CA 19 $ 6,995,000 $ 368,157 $ 103,000
Worcester, MA 19 $ 4,727,000 $ 248,789 $ 82,000
West Palm Beach-Boca Raton-Boynton Beach, FL 18 $ 4,096,000 $ 227,555 $ 89,000
El Centro, CA 17 $ 3,257,000 $ 191,588 $ 66,000
Salem, OR 17 $ 3,602,000 $ 211,882 $ 43,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 16 $ 3,445,000 $ 215,312 $ 71,000
Eugene-Springfield, OR 15 $ 3,442,000 $ 229,466 $ 36,000
Hartford-West Hartford-East Hartford, CT 15 $ 3,830,000 $ 255,333 $ 70,000
Milwaukee-Waukesha-West Allis, WI 15 $ 3,166,000 $ 211,066 $ 65,000
Prescott, AZ 15 $ 3,055,000 $ 203,666 $ 96,000
Santa Cruz-Watsonville, CA 15 $ 5,515,000 $ 367,666 $ 116,000
Madera-Chowchilla, CA 14 $ 2,837,000 $ 202,642 $ 73,000
Memphis, TN-MS-AR 14 $ 2,747,000 $ 196,214 $ 58,000
Bridgeport-Stamford-Norwalk, CT 13 $ 4,069,000 $ 313,000 $ 87,000
Jacksonville, FL 13 $ 2,858,000 $ 219,846 $ 84,000
Port St. Lucie, FL 13 $ 2,220,000 $ 170,769 $ 69,000
Bend, OR 12 $ 2,961,000 $ 246,750 $ 86,000
Durham-Chapel Hill, NC 12 $ 3,060,000 $ 255,000 $ 106,000
El Paso, TX 12 $ 2,581,000 $ 215,083 $ 48,000
Peabody, MA 12 $ 3,608,000 $ 300,666 $ 110,000
Yuba City, CA 12 $ 2,569,000 $ 214,083 $ 70,000
Fort Collins-Loveland, CO 11 $ 2,680,000 $ 243,636 $ 75,000
Lake County-Kenosha County, IL-WI 11 $ 2,810,000 $ 255,454 $ 74,000
New Haven-Milford, CT 11 $ 2,881,000 $ 261,909 $ 79,000
Spokane, WA 11 $ 2,064,000 $ 187,636 $ 48,000
St. George, UT 11 $ 2,325,000 $ 211,363 $ 113,000
Greeley, CO 10 $ 1,822,000 $ 182,200 $ 49,000
Knoxville, TN 10 $ 2,216,000 $ 221,600 $ 73,000
Olympia, WA 10 $ 2,630,000 $ 263,000 $ 63,000
Madison, WI 9 $ 1,769,000 $ 196,555 $ 58,000
North Port-Bradenton-Sarasota, FL 9 $ 1,866,000 $ 207,333 $ 84,000
Norwich-New London, CT 8 $ 1,872,000 $ 234,000 $ 67,000
Boulder, CO 7 $ 1,740,000 $ 248,571 $ 45,000
Cape Coral-Fort Myers, FL 7 $ 1,256,000 $ 179,428 $ 57,000
Chico, CA 7 $ 1,679,000 $ 239,857 $ 42,000
Greensboro-High Point, NC 7 $ 1,585,000 $ 226,428 $ 57,000
Medford, OR 7 $ 1,464,000 $ 209,142 $ 65,000
Palm Coast, FL 7 $ 1,168,000 $ 166,857 $ 115,000
Redding, CA 7 $ 1,705,000 $ 243,571 $ 107,000
Asheville, NC 6 $ 1,272,000 $ 212,000 $ 58,000
Bellingham, WA 6 $ 1,417,000 $ 236,166 $ 103,000
Fayetteville, NC 6 $ 1,253,000 $ 208,833 $ 84,000
Flagstaff, AZ 6 $ 1,414,000 $ 235,666 $ 66,000
Grand Junction, CO 6 $ 1,172,000 $ 195,333 $ 38,000
Lakeland-Winter Haven, FL 6 $ 1,298,000 $ 216,333 $ 93,000
Palm Bay-Melbourne-Titusville, FL 6 $ 1,233,000 $ 205,500 $ 128,000
Chattanooga, TN-GA 5 $ 1,081,000 $ 216,200 $ 68,200
Deltona-Daytona Beach-Ormond Beach, FL 5 $ 1,027,000 $ 205,400 $ 121,000
Providence-New Bedford-Fall River, RI-MA 5 $ 1,168,000 $ 233,600 $ 72,000
Reno-Sparks, NV 5 $ 1,545,000 $ 309,000 $ 112,000
Wilmington, NC 5 $ 1,281,000 $ 256,200 $ 73,000
Winston-Salem, NC 5 $ 847,000 $ 169,400 $ 74,000
Barnstable Town, MA 4 $ 1,206,000 $ 301,500 $ 93,000
Corpus Christi, TX 4 $ 738,000 $ 184,500 $ 186,000
Hanford-Corcoran, CA 4 $ 1,063,000 $ 265,750 $ 79,000
Kennewick-Pasco-Richland, WA 4 $ 826,000 $ 206,500 $ 23,000
Logan, UT-ID 4 $ 857,000 $ 214,250 $ 77,000
McAllen-Edinburg-Mission, TX 4 $ 860,000 $ 215,000 $ 45,000
Roanoke, VA 4 $ 901,000 $ 225,250 $ 93,000
Sherman-Denison, TX 4 $ 890,000 $ 222,500 $ 73,000
Tyler, TX 4 $ 684,000 $ 171,000 $ 21,000
Bremerton-Silverdale, WA 3 $ 709,000 $ 236,333 $ 65,000
Clarksville, TN-KY 3 $ 544,000 $ 181,333 $ 81,000
Hickory-Lenoir-Morganton, NC 3 $ 577,000 $ 192,333 $ 56,000
Midland, TX 3 $ 726,000 $ 242,000 $ 60,000
Mount Vernon-Anacortes, WA 3 $ 686,000 $ 228,666 $ 57,000
Pueblo, CO 3 $ 532,000 $ 177,333 $ 0
Tallahassee, FL 3 $ 444,000 $ 148,000 $ 57,000
Yuma, AZ 3 $ 667,000 $ 222,333 $ 80,000
Amarillo, TX 2 $ 385,000 $ 192,500 $ 0
Appleton, WI 2 $ 213,000 $ 106,500 $ 19,000
Augusta-Richmond County, GA-SC 2 $ 441,000 $ 220,500 $ 0
Charlottesville, VA 2 $ 687,000 $ 343,500 $ 160,000
College Station-Bryan, TX 2 $ 336,000 $ 168,000 $ 70,000
Corvallis, OR 2 $ 555,000 $ 277,500 $ 51,000
Crestview-Fort Walton Beach-Destin, FL 2 $ 264,000 $ 132,000 $ 84,000
Davenport-Moline-Rock Island, IA-IL 2 $ 230,000 $ 115,000 $ 62,000
Duluth, MN-WI 2 $ 442,000 $ 221,000 $ 59,000
Eau Claire, WI 2 $ 398,000 $ 199,000 $ 31,000
Gainesville, FL 2 $ 483,000 $ 241,500 $ 67,000
Gainesville, GA 2 $ 321,000 $ 160,500 $ 20,000
Green Bay, WI 2 $ 345,000 $ 172,500 $ 55,000
Greenville, NC 2 $ 374,000 $ 187,000 $ 64,000
Hagerstown-Martinsburg, MD-WV 2 $ 511,000 $ 255,500 $ 45,000
Longview, WA 2 $ 672,000 $ 336,000 $ 118,000
Naples-Marco Island, FL 2 $ 336,000 $ 168,000 $ 87,000
Panama City-Lynn Haven-Panama City Beach, FL 2 $ 370,000 $ 185,000 $ 38,000
Savannah, GA 2 $ 441,000 $ 220,500 $ 108,000
Springfield, MA 2 $ 529,000 $ 264,500 $ 89,000
St. Louis, MO-IL 2 $ 298,000 $ 149,000 $ 17,000
Yakima, WA 2 $ 344,000 $ 172,000 $ 43,000
Beaumont-Port Arthur, TX 1 $ 225,000 $ 225,000 $ 127,000
Burlington, NC 1 $ 126,000 $ 126,000 $ 0
Carson City, NV 1 $ 299,000 $ 299,000 $ 44,000
Champaign-Urbana, IL 1 $ 204,000 $ 204,000 $ 0
Hinesville-Fort Stewart, GA 1 $ 129,000 $ 129,000 $ 80,000
Johnson City, TN 1 $ 151,000 $ 151,000 $ 61,000
Killeen-Temple-Fort Hood, TX 1 $ 145,000 $ 145,000 $ 0
Morristown, TN 1 $ 156,000 $ 156,000 $ 0
Odessa, TX 1 $ 146,000 $ 146,000 $ 60,000
Oshkosh-Neenah, WI 1 $ 163,000 $ 163,000 $ 0
Pensacola-Ferry Pass-Brent, FL 1 $ 394,000 $ 394,000 $ 134,000
Peoria, IL 1 $ 251,000 $ 251,000 $ 0
Punta Gorda, FL 1 $ 182,000 $ 182,000 $ 42,000
Rochester, MN 1 $ 123,000 $ 123,000 $ 54,000
Rockford, IL 1 $ 172,000 $ 172,000 $ 0
Salisbury, MD 1 $ 232,000 $ 232,000 $ 0
San Angelo, TX 1 $ 415,000 $ 415,000 $ 194,000
Sebastian-Vero Beach, FL 1 $ 160,000 $ 160,000 $ 43,000
Texarkana, Tx-Texarkana, AR 1 $ 147,000 $ 147,000 $ 72,000
Waco, TX 1 $ 200,000 $ 200,000 $ 37,000
Wenatchee-East Wenatchee, WA 1 $ 279,000 $ 279,000 $ 128,000
Wilmington, DE-MD-NJ 1 $ 258,000 $ 258,000 $ 63,000

Mortgage Loan Application Detail Totals for New American Funding, Llc. in 2012

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 10,710 $3,201,358,000 $298,000 $3,600,000 $100,000 $2,565,000
Home Purchase 2,083 $657,744,000 $315,000 $6,000,000 $113,000 $4,800,000
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 6,001 $1,891,891,000 $315,000 $6,000,000 $113,000 $4,800,000
Not Provided 3,786 $1,127,827,000 $297,000 $3,600,000 $101,000 $2,400,000
Hispanic 1,523 $392,404,000 $257,000 $1,103,000 $64,000 $419,000
Asian 998 $321,227,000 $321,000 $1,162,000 $111,000 $2,396,000
Black or African American 356 $88,436,000 $248,000 $705,000 $63,000 $248,000
Native Hawaiian or Other Pacific Islander 111 $32,940,000 $296,000 $820,000 $105,000 $2,565,000
American Indian or Alaskan Native 18 $4,377,000 $243,000 $545,000 $74,000 $260,000
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) 8,866 $2,802,107,000 $316,000 $6,000,000 $127,000 $4,800,000
FHA-insured (Federal Housing Administration) 3,358 $881,149,000 $262,000 $800,000 $38,000 $1,224,000
VA-guaranteed (Veterans Administration) 565 $174,877,000 $309,000 $1,002,000 $89,000 $288,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4 $969,000 $242,000 $298,000 $69,000 $150,000

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 9,422 $2,802,835,000 $297,000 $3,250,000 $100,000 $2,565,000
Application Withdrawn By Applicant 1,842 $604,916,000 $328,000 $6,000,000 $118,000 $4,800,000
Application Denied By Financial Institution 1,386 $406,473,000 $293,000 $2,030,000 $92,000 $1,410,000
Application Approved But Not Accepted 139 $43,967,000 $316,000 $1,400,000 $102,000 $709,000
File Closed For Incompleteness 4 $911,000 $227,000 $284,000 $97,000 $170,000
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
Debt-To-Income Ratio 120 $35,407,000 $295,000 $663,000 $75,000 $339,000
Collateral 111 $33,599,000 $302,000 $703,000 $100,000 $323,000
Credit History 68 $17,085,000 $251,000 $618,000 $87,000 $324,000
Other 62 $17,305,000 $279,000 $578,000 $114,000 $624,000
Unverifiable Information 27 $8,076,000 $299,000 $626,000 $88,000 $264,000
Insufficient Cash (Downpayment, Closing Cost) 18 $5,504,000 $305,000 $612,000 $71,000 $162,000
Credit Application Incomplete 12 $2,724,000 $227,000 $345,000 $72,000 $168,000
Employment History 11 $3,182,000 $289,000 $416,000 $65,000 $187,000
Mortgage Insurance Denied 2 $455,000 $227,000 $288,000 $63,000 $76,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into New American Funding, Llc.'s 2012 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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