Nuway Lending, LLC Mortgage Lending & HMDA Data, 2023

In 2023, Nuway Lending, LLC of Houston, TX reported 47 mortgage applications totaling $19.7 million. The average application was for $418,829, and applicants reported an average income of $149,127. 74% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Fort Collins, CO (35), Greeley, CO (10) and Denver-Aurora-Lakewood, CO (2) (applications in parentheses).

Mortgage Company & Address Nuway Lending, LLC
1177 West Loop South, Suite 700
Houston, TX 77027
Federal Regulator * available with data download
Years 2023  
Total Number of Mortgage Applications 47
Total Mortgage Loan Application Amount $19,685,000
Average Mortgage Loan Application Amount $418,829
Highest Mortgage Loan Application Amount $845,000
Average Applicant Income $149,127
Highest Applicant Income $455,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Nuway Lending, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Nuway Lending, LLC in 2023

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 45 $18,965,000 $421,000 $845,000 $151,000 $455,000
Other Purpose 2 $720,000 $360,000 $485,000 $107,000 $120,000
Refinancing 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Cash-out Refinancing 0 $0 $0 $0 $0 $0
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 38 $15,610,000 $410,000 $845,000 $148,000 $455,000
Hispanic 4 $1,900,000 $475,000 $765,000 $111,000 $160,000
Not Provided 3 $845,000 $281,000 $415,000 $184,000 $304,000
American Indian or Alaskan Native 2 $1,330,000 $665,000 $685,000 $193,000 $193,000
Asian 0 $0 $0 $0 $0 $0
Black or African American 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) 44 $18,080,000 $410,000 $845,000 $149,000 $455,000
FHA-insured (Federal Housing Administration) 3 $1,605,000 $535,000 $765,000 $144,000 $200,000
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 35 $13,915,000 $397,000 $755,000 $149,000 $455,000
Application Withdrawn By Applicant 12 $5,770,000 $480,000 $845,000 $147,000 $259,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Application Denied By Financial Institution 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 47 $19,685,000 $418,000 $845,000 $149,000 $455,000
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Nuway Lending, LLC's 2023 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 Nuway Lending, 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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