Northeast Equitable Mortgage LLC Mortgage Lending & HMDA Data, 2024

In 2024, Northeast Equitable Mortgage LLC of Blue Bell, PA reported 184 mortgage applications totaling $74.9 million, up 23% from 2023. The average application was for $406,847, and applicants reported an average income of $169,782. 83% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (117), Allentown-Bethlehem-Easton, PA-NJ (38) and Philadelphia, PA (13) (applications in parentheses).

Mortgage Company & Address Northeast Equitable Mortgage LLC
488 Norristown Road, Suite 241
Blue Bell, PA 19422
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 184
Total Mortgage Loan Application Amount $74,860,000
Average Mortgage Loan Application Amount $406,847
Highest Mortgage Loan Application Amount $1,355,000
Average Applicant Income $169,782
Highest Applicant Income $661,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Northeast Equitable Mortgage LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Northeast Equitable Mortgage LLC 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 178 $72,530,000 $407,000 $1,355,000 $171,000 $661,000
Refinancing 4 $1,740,000 $435,000 $765,000 $143,000 $193,000
Cash-out Refinancing 2 $590,000 $295,000 $355,000 $115,000 $126,000
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 135 $52,725,000 $390,000 $1,355,000 $160,000 $557,000
Not Provided 20 $10,000,000 $500,000 $765,000 $231,000 $648,000
Asian 10 $4,870,000 $487,000 $765,000 $169,000 $309,000
Hispanic 9 $3,015,000 $335,000 $505,000 $201,000 $661,000
Black or African American 8 $3,410,000 $426,000 $575,000 $160,000 $284,000
American Indian or Alaskan Native 2 $840,000 $420,000 $525,000 $107,000 $135,000
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) 177 $71,975,000 $406,000 $1,355,000 $171,000 $661,000
VA-guaranteed (Veterans Administration) 7 $2,885,000 $412,000 $565,000 $144,000 $194,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
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 152 $59,930,000 $394,000 $1,305,000 $165,000 $661,000
Application Withdrawn By Applicant 30 $14,330,000 $477,000 $1,355,000 $195,000 $557,000
Application Denied By Financial Institution 2 $600,000 $300,000 $365,000 $129,000 $132,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
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 182 $74,260,000 $408,000 $1,355,000 $170,000 $661,000
Collateral 1 $235,000 $235,000 $235,000 $126,000 $126,000
Credit History 1 $365,000 $365,000 $365,000 $132,000 $132,000
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 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
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Northeast Equitable Mortgage LLC'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 Northeast Equitable 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.
For a list of all lenders in Pennsylvania, download the full spreadsheet with aggregated HMDA statistics today.

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