Mission Mortgage LLC Mortgage Lending & HMDA Data, 2018

In 2018, Mission Mortgage LLC of Wilmington, DE reported 372 mortgage applications totaling $67.2 million, up 1967% from 2017. The average application was for $180,645, and applicants reported an average income of $97,669. 58% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Philadelphia, PA (45), Tampa-St. Petersburg-Clearwater, FL (32) and Lakeland-Winter Haven, FL (24) (applications in parentheses).

Mortgage Company & Address Mission Mortgage LLC
13550 Falling Water Road
Wilmington, DE 44136
Tel #: available with data download
Federal Regulator * available with data download
Years 2023  2022  2021  2020  2019  2018  2017  
Total Number of Mortgage Applications 372
Total Mortgage Loan Application Amount $67,200,000
Average Mortgage Loan Application Amount $180,645
Highest Mortgage Loan Application Amount $635,000
Average Applicant Income $97,669
Highest Applicant Income $651,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mission Mortgage LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Mission Mortgage LLC in 2018

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
Home Purchase 239 $43,875,000 $183,000 $625,000 $100,000 $562,000
Cash-out Refinancing 107 $18,425,000 $172,000 $635,000 $97,000 $651,000
Refinancing 26 $4,900,000 $188,000 $525,000 $79,000 $216,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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 205 $38,315,000 $186,000 $635,000 $105,000 $651,000
Black or African American 58 $8,840,000 $152,000 $565,000 $84,000 $433,000
Hispanic 40 $7,090,000 $177,000 $365,000 $101,000 $416,000
Not Provided 38 $6,650,000 $175,000 $615,000 $79,000 $232,000
Asian 31 $6,305,000 $203,000 $565,000 $92,000 $325,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
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) 365 $65,675,000 $179,000 $635,000 $98,000 $651,000
FHA-insured (Federal Housing Administration) 5 $825,000 $165,000 $255,000 $61,000 $108,000
VA-guaranteed (Veterans Administration) 2 $700,000 $350,000 $395,000 $61,000 $86,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 214 $36,810,000 $172,000 $525,000 $101,000 $651,000
Application Approved But Not Accepted 55 $9,215,000 $167,000 $505,000 $90,000 $336,000
Application Withdrawn By Applicant 52 $11,310,000 $217,000 $625,000 $105,000 $468,000
Application Denied By Financial Institution 51 $9,865,000 $193,000 $635,000 $83,000 $357,000
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
Not applicable 321 $57,335,000 $178,000 $625,000 $100,000 $651,000
Credit Application Incomplete 28 $5,610,000 $200,000 $565,000 $96,000 $357,000
Debt-To-Income Ratio 12 $1,670,000 $139,000 $245,000 $62,000 $145,000
Unverifiable Information 4 $810,000 $202,000 $265,000 $75,000 $135,000
Collateral 3 $1,325,000 $441,000 $635,000 $104,000 $130,000
Credit History 3 $345,000 $115,000 $195,000 $68,000 $97,000
Insufficient Cash (Downpayment, Closing Cost) 1 $105,000 $105,000 $105,000 $35,000 $35,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Mission Mortgage LLC's 2018 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 Mission Mortgage 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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