Opendoor Home Loans LLC Mortgage Lending & HMDA Data, 2022
In 2022, Opendoor Home Loans LLC of San Francisco, CA reported 608 mortgage applications totaling $199.0 million, down 42% from 2021. The average application was for $327,286, and applicants reported an average income of $121,891. 58% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (125), Atlanta-Sandy Springs-Roswell, GA (121) and Houston-The Woodlands-Sugar Land, TX (72) (applications in parentheses).
| Mortgage Company & Address | Opendoor Home Loans LLC 4634 3rd St San Francisco, CA 94105 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 |
| Total Number of Mortgage Applications | 608 |
| Total Mortgage Loan Application Amount | $198,990,000 |
| Average Mortgage Loan Application Amount | $327,286 |
| Highest Mortgage Loan Application Amount | $645,000 |
| Average Applicant Income | $121,891 |
| Highest Applicant Income | $420,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Opendoor Home Loans LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Maricopa, Arizona | 100 | $ 39,630,000 | $ 396,300 | $ 125,000 |
| Harris, Texas | 51 | $ 13,995,000 | $ 274,411 | $ 129,000 |
| Pima, Arizona | 35 | $ 9,535,000 | $ 272,428 | $ 104,000 |
| Bexar, Texas | 30 | $ 7,440,000 | $ 248,000 | $ 94,000 |
| Tarrant, Texas | 29 | $ 9,135,000 | $ 315,000 | $ 129,000 |
| Gwinnett, Georgia | 26 | $ 9,180,000 | $ 353,076 | $ 141,000 |
| Pinal, Arizona | 25 | $ 8,305,000 | $ 332,200 | $ 97,000 |
| Dallas, Texas | 21 | $ 6,715,000 | $ 319,761 | $ 131,000 |
| Fulton, Georgia | 20 | $ 6,210,000 | $ 310,500 | $ 97,000 |
| Travis, Texas | 20 | $ 8,410,000 | $ 420,500 | $ 187,000 |
| Cobb, Georgia | 19 | $ 5,875,000 | $ 309,210 | $ 124,000 |
| Williamson, Texas | 18 | $ 7,380,000 | $ 410,000 | $ 178,000 |
| Denton, Texas | 16 | $ 5,830,000 | $ 364,375 | $ 121,000 |
| DeKalb, Georgia | 15 | $ 4,075,000 | $ 271,666 | $ 136,000 |
| Fort Bend, Texas | 15 | $ 3,655,000 | $ 243,666 | $ 85,000 |
| Forsyth, Georgia | 9 | $ 3,945,000 | $ 438,333 | $ 133,000 |
| Collin, Texas | 9 | $ 3,405,000 | $ 378,333 | $ 123,000 |
| Cherokee, Georgia | 7 | $ 2,635,000 | $ 376,428 | $ 164,000 |
| Mecklenburg, North Carolina | 6 | $ 1,770,000 | $ 295,000 | $ 127,000 |
| Wake, North Carolina | 6 | $ 2,090,000 | $ 348,333 | $ 111,000 |
| Durham, North Carolina | 5 | $ 1,375,000 | $ 275,000 | $ 134,000 |
| Hays, Texas | 5 | $ 2,135,000 | $ 427,000 | $ 205,000 |
| Barrow, Georgia | 4 | $ 1,190,000 | $ 297,500 | $ 80,000 |
| Hall, Georgia | 4 | $ 1,090,000 | $ 272,500 | $ 84,000 |
| Henry, Georgia | 4 | $ 1,210,000 | $ 302,500 | $ 92,000 |
| Newton, Georgia | 4 | $ 1,020,000 | $ 255,000 | $ 99,000 |
| Ellis, Texas | 4 | $ 1,270,000 | $ 317,500 | $ 129,000 |
| Rockwall, Texas | 4 | $ 1,130,000 | $ 282,500 | $ 98,000 |
| Hillsborough, Florida | 3 | $ 1,395,000 | $ 465,000 | $ 116,000 |
| Bibb, Georgia | 3 | $ 505,000 | $ 168,333 | $ 37,000 |
| Douglas, Georgia | 3 | $ 905,000 | $ 301,666 | $ 85,000 |
| Richmond, Georgia | 3 | $ 685,000 | $ 228,333 | $ 57,000 |
| Cabarrus, North Carolina | 3 | $ 605,000 | $ 201,666 | $ 88,000 |
| Richland, South Carolina | 3 | $ 605,000 | $ 201,666 | $ 57,000 |
| Comal, Texas | 3 | $ 885,000 | $ 295,000 | $ 86,000 |
| Denver, Colorado | 2 | $ 1,040,000 | $ 520,000 | $ 107,000 |
| Duval, Florida | 2 | $ 490,000 | $ 245,000 | $ 110,000 |
| Hernando, Florida | 2 | $ 640,000 | $ 320,000 | $ 179,000 |
| Orange, Florida | 2 | $ 680,000 | $ 340,000 | $ 62,000 |
| Pasco, Florida | 2 | $ 580,000 | $ 290,000 | $ 123,000 |
| Polk, Florida | 2 | $ 610,000 | $ 305,000 | $ 110,000 |
| Clayton, Georgia | 2 | $ 510,000 | $ 255,000 | $ 84,000 |
| Dawson, Georgia | 2 | $ 480,000 | $ 240,000 | $ 213,000 |
| Paulding, Georgia | 2 | $ 590,000 | $ 295,000 | $ 89,000 |
| Guilford, North Carolina | 2 | $ 820,000 | $ 410,000 | $ 209,000 |
| Iredell, North Carolina | 2 | $ 510,000 | $ 255,000 | $ 85,000 |
| Orange, North Carolina | 2 | $ 700,000 | $ 350,000 | $ 90,000 |
| York, South Carolina | 2 | $ 540,000 | $ 270,000 | $ 68,000 |
| Bell, Texas | 2 | $ 380,000 | $ 190,000 | $ 162,000 |
| Galveston, Texas | 2 | $ 710,000 | $ 355,000 | $ 138,000 |
| Johnson, Texas | 2 | $ 440,000 | $ 220,000 | $ 207,000 |
| Kaufman, Texas | 2 | $ 640,000 | $ 320,000 | $ 68,000 |
| Montgomery, Texas | 2 | $ 970,000 | $ 485,000 | $ 157,000 |
| Yavapai, Arizona | 1 | $ 245,000 | $ 245,000 | $ 101,000 |
| Adams, Colorado | 1 | $ 335,000 | $ 335,000 | $ 62,000 |
| Arapahoe, Colorado | 1 | $ 315,000 | $ 315,000 | $ 75,000 |
| Douglas, Colorado | 1 | $ 585,000 | $ 585,000 | $ 89,000 |
| El Paso, Colorado | 1 | $ 595,000 | $ 595,000 | $ 165,000 |
| Elbert, Colorado | 1 | $ 305,000 | $ 305,000 | $ 83,000 |
| Fremont, Colorado | 1 | $ 105,000 | $ 105,000 | $ 23,000 |
| Broward, Florida | 1 | $ 295,000 | $ 295,000 | $ 76,000 |
| Clay, Florida | 1 | $ 285,000 | $ 285,000 | $ 90,000 |
| Lake, Florida | 1 | $ 405,000 | $ 405,000 | $ 150,000 |
| Manatee, Florida | 1 | $ 115,000 | $ 115,000 | $ 57,000 |
| Palm Beach, Florida | 1 | $ 255,000 | $ 255,000 | $ 234,000 |
| Pinellas, Florida | 1 | $ 315,000 | $ 315,000 | $ 91,000 |
| Sarasota, Florida | 1 | $ 605,000 | $ 605,000 | $ 124,000 |
| Seminole, Florida | 1 | $ 345,000 | $ 345,000 | $ 150,000 |
| Bartow, Georgia | 1 | $ 285,000 | $ 285,000 | $ 82,000 |
| Coweta, Georgia | 1 | $ 355,000 | $ 355,000 | $ 241,000 |
| Fayette, Georgia | 1 | $ 435,000 | $ 435,000 | $ 157,000 |
| Jackson, Georgia | 1 | $ 375,000 | $ 375,000 | $ 80,000 |
| Putnam, Georgia | 1 | $ 115,000 | $ 115,000 | $ 109,000 |
| Rockdale, Georgia | 1 | $ 185,000 | $ 185,000 | $ 51,000 |
| Union, Georgia | 1 | $ 365,000 | $ 365,000 | $ 110,000 |
| Alamance, North Carolina | 1 | $ 325,000 | $ 325,000 | $ 120,000 |
| Franklin, North Carolina | 1 | $ 315,000 | $ 315,000 | $ 100,000 |
| Granville, North Carolina | 1 | $ 115,000 | $ 115,000 | $ 23,000 |
| Johnston, North Carolina | 1 | $ 375,000 | $ 375,000 | $ 114,000 |
| Union, North Carolina | 1 | $ 375,000 | $ 375,000 | $ 125,000 |
| Chester, South Carolina | 1 | $ 305,000 | $ 305,000 | $ 66,000 |
| Dorchester, South Carolina | 1 | $ 255,000 | $ 255,000 | $ 57,000 |
| Lexington, South Carolina | 1 | $ 185,000 | $ 185,000 | $ 44,000 |
| Rutherford, Tennessee | 1 | $ 215,000 | $ 215,000 | $ 68,000 |
| Atascosa, Texas | 1 | $ 315,000 | $ 315,000 | $ 156,000 |
| Bastrop, Texas | 1 | $ 375,000 | $ 375,000 | $ 284,000 |
| Brazoria, Texas | 1 | $ 245,000 | $ 245,000 | $ 157,000 |
| Caldwell, Texas | 1 | $ 275,000 | $ 275,000 | $ 100,000 |
| Parker, Texas | 1 | $ 425,000 | $ 425,000 | $ 172,000 |
| San Patricio, Texas | 1 | $ 195,000 | $ 195,000 | $ 115,000 |
| Waller, Texas | 1 | $ 355,000 | $ 355,000 | $ 75,000 |
| Wise, Texas | 1 | $ 335,000 | $ 335,000 | $ 117,000 |
Mortgage Loan Application Detail Totals for Opendoor Home Loans 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 | 601 | $197,165,000 | $328,000 | $645,000 | $122,000 | $420,000 |
| Cash-out Refinancing | 6 | $1,510,000 | $251,000 | $365,000 | $124,000 | $234,000 |
| Other Purpose | 1 | $315,000 | $315,000 | $315,000 | $44,000 | $44,000 |
| Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| White | 292 | $93,690,000 | $320,000 | $645,000 | $123,000 | $420,000 |
| Not Provided | 96 | $32,120,000 | $334,000 | $645,000 | $119,000 | $309,000 |
| Black or African American | 70 | $19,920,000 | $284,000 | $495,000 | $106,000 | $272,000 |
| Hispanic | 67 | $20,355,000 | $303,000 | $605,000 | $106,000 | $223,000 |
| Asian | 51 | $19,855,000 | $389,000 | $605,000 | $152,000 | $347,000 |
| American Indian or Alaskan Native | 3 | $1,055,000 | $351,000 | $475,000 | $117,000 | $141,000 |
| 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) | 604 | $197,630,000 | $327,000 | $645,000 | $122,000 | $420,000 |
| FHA-insured (Federal Housing Administration) | 2 | $570,000 | $285,000 | $295,000 | $66,000 | $67,000 |
| VA-guaranteed (Veterans Administration) | 2 | $790,000 | $395,000 | $435,000 | $155,000 | $183,000 |
| 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 | 351 | $117,915,000 | $335,000 | $645,000 | $125,000 | $420,000 |
| Application Withdrawn By Applicant | 205 | $66,515,000 | $324,000 | $645,000 | $126,000 | $375,000 |
| Application Denied By Financial Institution | 28 | $8,550,000 | $305,000 | $495,000 | $78,000 | $161,000 |
| File Closed For Incompleteness | 18 | $4,580,000 | $254,000 | $415,000 | $93,000 | $180,000 |
| Application Approved But Not Accepted | 5 | $1,145,000 | $229,000 | $345,000 | $126,000 | $309,000 |
| Preapproval Approved but not Accepted | 1 | $285,000 | $285,000 | $285,000 | $106,000 | $106,000 |
| 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 | 580 | $190,440,000 | $328,000 | $645,000 | $124,000 | $420,000 |
| Debt-To-Income Ratio | 16 | $4,780,000 | $298,000 | $495,000 | $71,000 | $161,000 |
| Credit History | 4 | $1,480,000 | $370,000 | $465,000 | $95,000 | $150,000 |
| Collateral | 2 | $580,000 | $290,000 | $305,000 | $63,000 | $67,000 |
| Credit Application Incomplete | 2 | $620,000 | $310,000 | $365,000 | $109,000 | $125,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $600,000 | $300,000 | $475,000 | $95,000 | $141,000 |
| Employment History | 1 | $315,000 | $315,000 | $315,000 | $44,000 | $44,000 |
| Unverifiable Information | 1 | $175,000 | $175,000 | $175,000 | $89,000 | $89,000 |
| 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 Opendoor Home Loans 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 Opendoor Home Loans 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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