New Wave Lending Group Inc Mortgage Lending & HMDA Data, 2024

In 2024, New Wave Lending Group Inc of City of Industry, CA reported 5,011 mortgage applications totaling $2.8 billion, up 101% from 2023. The average application was for $558,935, and applicants reported an average income of $259,722. 69% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (1,202), Anaheim-Santa Ana-Irvine, CA (531) and Riverside-San Bernardino-Ontario, CA (433) (applications in parentheses).

Mortgage Company & Address New Wave Lending Group Inc
17700 Castleton St. #268
City of Industry, CA 91748
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  
Total Number of Mortgage Applications 5,011
Total Mortgage Loan Application Amount $2,800,825,000
Average Mortgage Loan Application Amount $558,935
Highest Mortgage Loan Application Amount $4,005,000
Average Applicant Income $259,722
Highest Applicant Income $8,887,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records New Wave Lending Group Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Wave Lending Group Inc by Metropolitan Area in 2024

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 1,202 $ 841,770,000 $ 700,307 $ 386,647
Outside any metro area 553 $ 287,705,000 $ 520,262 $ 254,853
Anaheim-Santa Ana-Irvine, CA 531 $ 393,555,000 $ 741,158 $ 311,000
Riverside-San Bernardino-Ontario, CA 433 $ 207,515,000 $ 479,249 $ 214,000
Atlanta-Sandy Springs-Roswell, GA 215 $ 98,365,000 $ 457,511 $ 198,000
Oakland-Hayward-Berkeley, CA 185 $ 124,465,000 $ 672,783 $ 254,000
Las Vegas-Henderson-Paradise, NV 184 $ 65,970,000 $ 358,532 $ 140,000
Houston-The Woodlands-Sugar Land, TX 129 $ 39,785,000 $ 308,410 $ 126,000
Sacramento--Roseville--Arden-Arcade, CA 89 $ 36,635,000 $ 411,629 $ 160,000
San Jose-Sunnyvale-Santa Clara, CA 87 $ 81,135,000 $ 932,586 $ 493,000
Dallas-Plano-Irving, TX 85 $ 31,235,000 $ 367,470 $ 138,000
San Diego-Carlsbad, CA 80 $ 56,720,000 $ 709,000 $ 285,000
Chicago-Naperville, IL 75 $ 24,085,000 $ 321,133 $ 134,000
Orlando-Kissimmee-Sanford, FL 72 $ 22,620,000 $ 314,166 $ 144,000
San Francisco-Redwood City-South San Francisco, CA 67 $ 60,125,000 $ 897,388 $ 343,000
Arlington-Alexandria-Reston, VA-WV 60 $ 29,440,000 $ 490,666 $ 296,000
New York-Jersey City-White Plains, NY-NJ 45 $ 32,575,000 $ 723,888 $ 198,622
Bakersfield, CA 44 $ 13,570,000 $ 308,409 $ 121,000
Baltimore-Columbia-Towson, MD 41 $ 13,305,000 $ 324,512 $ 82,000
Fort Worth-Arlington, TX 41 $ 12,405,000 $ 302,560 $ 110,000
Austin-Round Rock, TX 34 $ 12,560,000 $ 369,411 $ 219,000
Seattle-Bellevue-Everett, WA 31 $ 19,445,000 $ 627,258 $ 217,000
Oxnard-Thousand Oaks-Ventura, CA 29 $ 21,515,000 $ 741,896 $ 248,000
Tampa, FL 29 $ 12,315,000 $ 424,655 $ 106,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 25 $ 10,305,000 $ 412,200 $ 141,000
Raleigh, NC 23 $ 6,905,000 $ 300,217 $ 95,000
Denver-Aurora-Lakewood, CO 22 $ 9,930,000 $ 451,363 $ 141,000
Phoenix-Mesa-Scottsdale, AZ 22 $ 9,670,000 $ 439,545 $ 165,000
Stockton-Lodi, CA 21 $ 8,555,000 $ 407,380 $ 143,000
Washington-Baltimore-Arlington, DC 21 $ 10,805,000 $ 514,523 $ 213,000
Fresno, CA 17 $ 4,735,000 $ 278,529 $ 138,000
Washington, DC-MD 17 $ 7,305,000 $ 429,705 $ 94,235
Elgin, IL 16 $ 4,240,000 $ 265,000 $ 130,000
Virginia Beach-Norfolk-Newport News, VA-NC 16 $ 5,910,000 $ 369,375 $ 87,000
Marietta, GA 15 $ 4,435,000 $ 295,666 $ 139,000
Philadelphia, PA 15 $ 3,505,000 $ 233,666 $ 65,000
Urban Honolulu, HI 15 $ 6,665,000 $ 444,333 $ 114,000
Durham-Chapel Hill, NC 14 $ 7,040,000 $ 502,857 $ 332,000
San Antonio-New Braunfels, TX 14 $ 4,890,000 $ 349,285 $ 127,000
Savannah, GA 14 $ 4,460,000 $ 318,571 $ 82,000
Lakeland-Winter Haven, FL 13 $ 3,365,000 $ 258,846 $ 94,000
Vallejo-Fairfield, CA 13 $ 5,985,000 $ 460,384 $ 151,000
Jacksonville, FL 12 $ 3,860,000 $ 321,666 $ 154,000
West Palm Beach-Boca Raton-Delray Beach, FL 12 $ 5,180,000 $ 431,666 $ 113,000
Charlotte-Concord-Gastonia, NC-SC 10 $ 4,050,000 $ 405,000 $ 103,000
Knoxville, TN 10 $ 3,290,000 $ 329,000 $ 350,000
Santa Maria-Santa Barbara, CA 10 $ 9,340,000 $ 934,000 $ 357,000
Visalia-Porterville, CA 10 $ 4,040,000 $ 404,000 $ 161,000
Miami-Miami Beach-Kendall, FL 9 $ 6,865,000 $ 762,777 $ 819,000
Naples-Immokalee-Marco Island, FL 9 $ 4,485,000 $ 498,333 $ 154,000
North Port-Sarasota-Bradenton, FL 9 $ 3,735,000 $ 415,000 $ 95,000
Portland-Vancouver-Hillsboro, OR-WA 9 $ 3,935,000 $ 437,222 $ 121,111
Modesto, CA 8 $ 4,060,000 $ 507,500 $ 170,000
Santa Rosa, CA 7 $ 4,475,000 $ 639,285 $ 211,000
Charleston-North Charleston, SC 6 $ 1,760,000 $ 293,333 $ 307,000
Deltona-Daytona Beach-Ormond Beach, FL 6 $ 3,430,000 $ 571,666 $ 390,000
Merced, CA 6 $ 2,070,000 $ 345,000 $ 201,000
Richmond, VA 6 $ 1,910,000 $ 318,333 $ 80,000
St. Petersburg-Clearwater-Largo, FL 6 $ 2,100,000 $ 350,000 $ 245,000
Tacoma-Lakewood, WA 6 $ 1,980,000 $ 330,000 $ 236,000
Boston, MA 5 $ 2,445,000 $ 489,000 $ 0
Gainesville, GA 5 $ 1,515,000 $ 303,000 $ 62,000
Longview, TX 5 $ 1,035,000 $ 207,000 $ 100,000
Lynchburg, VA 5 $ 1,135,000 $ 227,000 $ 131,000
Nashville-Davidson--Murfreesboro--Franklin, TN 5 $ 2,495,000 $ 499,000 $ 98,000
Indianapolis-Carmel-Anderson, IN 4 $ 730,000 $ 182,500 $ 0
Killeen-Temple, TX 4 $ 1,170,000 $ 292,500 $ 254,000
Pensacola-Ferry Pass-Brent, FL 4 $ 1,010,000 $ 252,500 $ 83,000
Camden, NJ 3 $ 995,000 $ 331,666 $ 92,000
Cape Coral-Fort Myers, FL 3 $ 1,045,000 $ 348,333 $ 108,000
Charlottesville, VA 3 $ 1,025,000 $ 341,666 $ 104,000
Chattanooga, TN-GA 3 $ 995,000 $ 331,666 $ 80,666
Colorado Springs, CO 3 $ 1,335,000 $ 445,000 $ 212,000
Columbia, SC 3 $ 845,000 $ 281,666 $ 63,000
Columbus, OH 3 $ 695,000 $ 231,666 $ 88,000
Crestview-Fort Walton Beach-Destin, FL 3 $ 1,215,000 $ 405,000 $ 925,000
Dayton-Springfield-Kettering, OH 3 $ 735,000 $ 245,000 $ 102,000
Gainesville, FL 3 $ 865,000 $ 288,333 $ 95,000
Hagerstown-Martinsburg, MD-WV 3 $ 745,000 $ 248,333 $ 0
Lakewood-New Brunswick, NJ 3 $ 985,000 $ 328,333 $ 73,000
Montgomery County-Bucks County-Chester County, PA 3 $ 2,015,000 $ 671,666 $ 99,000
Nassau County-Suffolk County, NY 3 $ 4,095,000 $ 1,365,000 $ 5,000
Newark, NJ-PA 3 $ 1,455,000 $ 485,000 $ 103,000
Pittsburgh, PA 3 $ 965,000 $ 321,666 $ 106,000
Reno, NV 3 $ 3,815,000 $ 1,271,666 $ 710,000
San Luis Obispo-Paso Robles-Arroyo Grande, CA 3 $ 2,165,000 $ 721,666 $ 385,000
Yuba City, CA 3 $ 1,155,000 $ 385,000 $ 154,000
Athens-Clarke County, GA 2 $ 570,000 $ 285,000 $ 263,000
Augusta-Richmond County, GA-SC 2 $ 280,000 $ 140,000 $ 44,000
Beckley, WV 2 $ 400,000 $ 200,000 $ 0
Carson City, NV 2 $ 470,000 $ 235,000 $ 83,000
College Station-Bryan, TX 2 $ 390,000 $ 195,000 $ 119,000
Detroit-Dearborn-Livonia, MI 2 $ 370,000 $ 185,000 $ 69,000
El Centro, CA 2 $ 610,000 $ 305,000 $ 96,000
El Paso, TX 2 $ 460,000 $ 230,000 $ 60,000
Florence, SC 2 $ 630,000 $ 315,000 $ 101,000
Greensboro-High Point, NC 2 $ 570,000 $ 285,000 $ 129,000
Greenville, NC 2 $ 810,000 $ 405,000 $ 57,000
Hartford-West Hartford-East Hartford, CT 2 $ 670,000 $ 335,000 $ 159,000
Hilton Head Island-Bluffton-Beaufort, SC 2 $ 610,000 $ 305,000 $ 122,000
Lake County-Kenosha County, IL-WI 2 $ 530,000 $ 265,000 $ 106,000
Lake Havasu City-Kingman, AZ 2 $ 470,000 $ 235,000 $ 146,000
Lubbock, TX 2 $ 440,000 $ 220,000 $ 40,000
Midland, TX 2 $ 410,000 $ 205,000 $ 111,000
New Orleans-Metairie, LA 2 $ 1,760,000 $ 880,000 $ 76,000
Ocala, FL 2 $ 310,000 $ 155,000 $ 0
Oklahoma City, OK 2 $ 260,000 $ 130,000 $ 22,000
Palm Bay-Melbourne-Titusville, FL 2 $ 750,000 $ 375,000 $ 71,000
Rochester, NY 2 $ 470,000 $ 235,000 $ 0
San Rafael, CA 2 $ 1,840,000 $ 920,000 $ 1,375,000
Santa Cruz-Watsonville, CA 2 $ 2,280,000 $ 1,140,000 $ 362,000
Staunton-Waynesboro, VA 2 $ 640,000 $ 320,000 $ 99,000
Tallahassee, FL 2 $ 560,000 $ 280,000 $ 48,000
Tucson, AZ 2 $ 850,000 $ 425,000 $ 229,000
Tyler, TX 2 $ 610,000 $ 305,000 $ 181,000
Warren-Troy-Farmington Hills, MI 2 $ 240,000 $ 120,000 $ 0
Waterbury-Shelton, CT 2 $ 670,000 $ 335,000 $ 152,000
Akron, OH 1 $ 365,000 $ 365,000 $ 0
Albuquerque, NM 1 $ 215,000 $ 215,000 $ 0
Allentown-Bethlehem-Easton, PA-NJ 1 $ 165,000 $ 165,000 $ 0
Asheville, NC 1 $ 285,000 $ 285,000 $ 76,000
Bend-Redmond, OR 1 $ 575,000 $ 575,000 $ 203,000
Blacksburg-Christiansburg-Radford, VA 1 $ 285,000 $ 285,000 $ 0
Bozeman, MT 1 $ 365,000 $ 365,000 $ 0
Cambridge-Newton-Framingham, MA 1 $ 515,000 $ 515,000 $ 0
Cedar Rapids, IA 1 $ 155,000 $ 155,000 $ 0
Chico, CA 1 $ 285,000 $ 285,000 $ 122,000
Clarksville, TN-KY 1 $ 205,000 $ 205,000 $ 0
Cleveland, OH 1 $ 85,000 $ 85,000 $ 0
Cleveland, TN 1 $ 225,000 $ 225,000 $ 0
Columbus, GA-AL 1 $ 235,000 $ 235,000 $ 130,000
Dalton, GA 1 $ 175,000 $ 175,000 $ 66,000
Everett, WA 1 $ 545,000 $ 545,000 $ 245,000
Fayetteville-Springdale-Rogers, AR-MO 1 $ 165,000 $ 165,000 $ 36,000
Gadsden, AL 1 $ 285,000 $ 285,000 $ 0
Grand Rapids-Wyoming, MI 1 $ 205,000 $ 205,000 $ 298,000
Hanford-Corcoran, CA 1 $ 265,000 $ 265,000 $ 68,000
Hickory-Lenoir-Morganton, NC 1 $ 325,000 $ 325,000 $ 0
Jacksonville, NC 1 $ 215,000 $ 215,000 $ 81,000
Jonesboro, AR 1 $ 135,000 $ 135,000 $ 0
Kansas City, MO-KS 1 $ 275,000 $ 275,000 $ 0
Lexington Park, MD 1 $ 225,000 $ 225,000 $ 0
Madison, WI 1 $ 205,000 $ 205,000 $ 0
McAllen-Edinburg-Mission, TX 1 $ 255,000 $ 255,000 $ 0
Medford, OR 1 $ 365,000 $ 365,000 $ 96,000
Memphis, TN-MS-AR 1 $ 275,000 $ 275,000 $ 0
Minneapolis-St. Paul-Bloomington, MN-WI 1 $ 235,000 $ 235,000 $ 72,000
Muskegon, MI 1 $ 255,000 $ 255,000 $ 106,000
Odessa, TX 1 $ 95,000 $ 95,000 $ 60,000
Olympia-Tumwater, WA 1 $ 485,000 $ 485,000 $ 0
Panama City, FL 1 $ 365,000 $ 365,000 $ 0
Peoria, IL 1 $ 155,000 $ 155,000 $ 0
Port St. Lucie, FL 1 $ 265,000 $ 265,000 $ 297,000
Punta Gorda, FL 1 $ 275,000 $ 275,000 $ 107,000
Redding, CA 1 $ 275,000 $ 275,000 $ 80,000
Roanoke, VA 1 $ 165,000 $ 165,000 $ 0
Rocky Mount, NC 1 $ 165,000 $ 165,000 $ 46,000
Salinas, CA 1 $ 905,000 $ 905,000 $ 240,000
Salt Lake City, UT 1 $ 205,000 $ 205,000 $ 1,023,000
San Angelo, TX 1 $ 385,000 $ 385,000 $ 179,000
South Bend-Mishawaka, IN-MI 1 $ 105,000 $ 105,000 $ 3,000
St. Louis, MO-IL 1 $ 235,000 $ 235,000 $ 0
Sumter, SC 1 $ 115,000 $ 115,000 $ 0
Tulsa, OK 1 $ 195,000 $ 195,000 $ 0
Victoria, TX 1 $ 175,000 $ 175,000 $ 54,000
Wichita, KS 1 $ 425,000 $ 425,000 $ 0
Winchester, VA-WV 1 $ 355,000 $ 355,000 $ 114,000
Worcester, MA-CT 1 $ 295,000 $ 295,000 $ 0
York-Hanover, PA 1 $ 125,000 $ 125,000 $ 314,000

Mortgage Loan Application Detail Totals for New Wave Lending Group Inc in 2024

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 3,779 $2,090,775,000 $553,000 $3,505,000 $245,000 $8,308,000
Cash-out Refinancing 733 $422,185,000 $575,000 $3,005,000 $277,000 $8,887,000
Refinancing 498 $287,740,000 $577,000 $4,005,000 $346,000 $8,347,000
Other Purpose 1 $125,000 $125,000 $125,000 $265,000 $265,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 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
Not Provided 3,842 $2,152,830,000 $560,000 $4,005,000 $269,000 $8,347,000
Asian 946 $504,480,000 $533,000 $3,505,000 $199,000 $3,195,000
White 154 $102,860,000 $667,000 $2,805,000 $367,000 $5,448,000
Hispanic 53 $31,625,000 $596,000 $3,295,000 $397,000 $8,887,000
Black or African American 14 $7,260,000 $518,000 $1,015,000 $74,000 $302,000
American Indian or Alaskan Native 2 $1,770,000 $885,000 $995,000 $239,000 $263,000
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) 4,922 $2,748,890,000 $558,000 $4,005,000 $261,000 $8,887,000
FHA-insured (Federal Housing Administration) 89 $51,935,000 $583,000 $1,275,000 $148,000 $511,000
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 3,479 $1,884,665,000 $541,000 $3,505,000 $242,000 $6,869,000
Application Withdrawn By Applicant 1,457 $867,605,000 $595,000 $4,005,000 $299,000 $8,887,000
Application Approved But Not Accepted 54 $37,370,000 $692,000 $2,815,000 $311,000 $4,967,000
Application Denied By Financial Institution 13 $7,865,000 $605,000 $1,645,000 $380,000 $2,055,000
File Closed For Incompleteness 8 $3,320,000 $415,000 $805,000 $115,000 $385,000
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
Not applicable 4,998 $2,792,960,000 $558,000 $4,005,000 $259,000 $8,887,000
Collateral 6 $4,730,000 $788,000 $1,645,000 $224,000 $540,000
Employment History 3 $1,655,000 $551,000 $795,000 $197,000 $357,000
Credit History 2 $660,000 $330,000 $455,000 $1,238,000 $2,055,000
Debt-To-Income Ratio 1 $635,000 $635,000 $635,000 $221,000 $221,000
Unverifiable Information 1 $185,000 $185,000 $185,000 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into New Wave Lending Group Inc's 2024 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 Wave Lending Group Inc'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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