Mission Mortgage LLC Mortgage Lending & HMDA Data, 2022

In 2022, Mission Mortgage LLC of Wilmington, DE reported 194 mortgage applications totaling $95.7 million, down 51% from 2021. The average application was for $493,092, and applicants reported an average income of $0. 68% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (122), Washington-Baltimore-Arlington, DC (49) and Baltimore-Columbia-Towson, MD (16) (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 194
Total Mortgage Loan Application Amount $95,660,000
Average Mortgage Loan Application Amount $493,092
Highest Mortgage Loan Application Amount $3,005,000
Average Applicant Income $0
Highest Applicant Income $2,000

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Act (HMDA) records Mission Mortgage LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022

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 168 $83,300,000 $495,000 $3,005,000 $0 $2,000
Cash-out Refinancing 20 $10,110,000 $505,000 $975,000 $0 $0
Refinancing 6 $2,250,000 $375,000 $665,000 $0 $0
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 73 $40,605,000 $556,000 $2,005,000 $0 $2,000
Not Provided 50 $21,230,000 $424,000 $3,005,000 $0 $2,000
Black or African American 39 $16,225,000 $416,000 $865,000 $0 $1,000
Hispanic 21 $10,375,000 $494,000 $1,985,000 $0 $1,000
Asian 9 $6,805,000 $756,000 $1,515,000 $0 $0
American Indian or Alaskan Native 2 $420,000 $210,000 $225,000 $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) 162 $79,000,000 $487,000 $3,005,000 $0 $2,000
VA-guaranteed (Veterans Administration) 17 $11,015,000 $647,000 $1,515,000 $0 $0
FHA-insured (Federal Housing Administration) 13 $5,055,000 $388,000 $635,000 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $590,000 $295,000 $305,000 $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 132 $65,860,000 $498,000 $3,005,000 $0 $2,000
Application Withdrawn By Applicant 44 $21,040,000 $478,000 $995,000 $0 $0
Application Denied By Financial Institution 8 $2,970,000 $371,000 $605,000 $0 $0
Preapproval Approved but not Accepted 6 $4,150,000 $691,000 $1,325,000 $0 $1,000
Application Approved But Not Accepted 2 $760,000 $380,000 $395,000 $0 $0
File Closed For Incompleteness 2 $880,000 $440,000 $455,000 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
Loan Purchased By The 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 186 $92,690,000 $498,000 $3,005,000 $0 $2,000
Credit History 3 $605,000 $201,000 $235,000 $0 $0
Debt-To-Income Ratio 2 $970,000 $485,000 $515,000 $0 $0
Credit Application Incomplete 2 $1,010,000 $505,000 $605,000 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 1 $385,000 $385,000 $385,000 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 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 2022 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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