Palm Beach First Financial & Mortgage Company, LLC Mortgage Lending & HMDA Data, 2020
In 2020, Palm Beach First Financial & Mortgage Company, LLC of West Palm Beach, FL reported 120 mortgage applications totaling $37.4 million. The average application was for $311,750, and applicants reported an average income of $137,766. 93% of its applications resulted in an originated loan and 3% were denied. Its largest markets were West Palm Beach-Boca Raton-Delray Beach, FL (90), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (14) and Port St. Lucie, FL (2) (applications in parentheses).
| Mortgage Company & Address | Palm Beach First Financial & Mortgage Company, LLC 120 S Olive Ave #602 West Palm Beach, FL 33401 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 |
| Total Number of Mortgage Applications | 120 |
| Total Mortgage Loan Application Amount | $37,410,000 |
| Average Mortgage Loan Application Amount | $311,750 |
| Highest Mortgage Loan Application Amount | $815,000 |
| Average Applicant Income | $137,766 |
| Highest Applicant Income | $1,103,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Palm Beach First Financial & Mortgage Company, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Palm Beach, Florida | 90 | $ 28,400,000 | $ 315,555 | $ 139,000 |
| Broward, Florida | 14 | $ 4,740,000 | $ 338,571 | $ 107,000 |
| Brevard, Florida | 1 | $ 325,000 | $ 325,000 | $ 79,000 |
| Collier, Florida | 1 | $ 355,000 | $ 355,000 | $ 513,000 |
| Lake, Florida | 1 | $ 315,000 | $ 315,000 | $ 161,000 |
| Manatee, Florida | 1 | $ 345,000 | $ 345,000 | $ 189,000 |
| Marion, Florida | 1 | $ 145,000 | $ 145,000 | $ 58,000 |
| Martin, Florida | 1 | $ 165,000 | $ 165,000 | $ 85,000 |
| Pinellas, Florida | 1 | $ 325,000 | $ 325,000 | $ 307,000 |
| Polk, Florida | 1 | $ 205,000 | $ 205,000 | $ 121,000 |
| St. Lucie, Florida | 1 | $ 105,000 | $ 105,000 | $ 89,000 |
Mortgage Loan Application Detail Totals for Palm Beach First Financial & Mortgage Company, LLC in 2020
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 | 67 | $19,985,000 | $298,000 | $765,000 | $129,000 | $513,000 |
| Refinancing | 33 | $10,955,000 | $331,000 | $515,000 | $173,000 | $1,103,000 |
| Cash-out Refinancing | 20 | $6,470,000 | $323,000 | $815,000 | $109,000 | $286,000 |
| 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 | 87 | $28,315,000 | $325,000 | $815,000 | $146,000 | $1,103,000 |
| Hispanic | 15 | $3,875,000 | $258,000 | $395,000 | $111,000 | $312,000 |
| Not Provided | 9 | $2,865,000 | $318,000 | $535,000 | $132,000 | $307,000 |
| Black or African American | 4 | $1,020,000 | $255,000 | $515,000 | $114,000 | $160,000 |
| Asian | 3 | $805,000 | $268,000 | $345,000 | $125,000 | $158,000 |
| American Indian or Alaskan Native | 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) | 94 | $29,950,000 | $318,000 | $815,000 | $153,000 | $1,103,000 |
| FHA-insured (Federal Housing Administration) | 22 | $5,780,000 | $262,000 | $385,000 | $81,000 | $135,000 |
| VA-guaranteed (Veterans Administration) | 4 | $1,680,000 | $420,000 | $535,000 | $84,000 | $148,000 |
| 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 | 112 | $35,040,000 | $312,000 | $815,000 | $141,000 | $1,103,000 |
| Application Denied By Financial Institution | 4 | $1,000,000 | $250,000 | $375,000 | $90,000 | $137,000 |
| Preapproval Approved but not Accepted | 3 | $975,000 | $325,000 | $345,000 | $78,000 | $88,000 |
| Application Withdrawn By Applicant | 1 | $395,000 | $395,000 | $395,000 | $142,000 | $142,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 116 | $36,410,000 | $313,000 | $815,000 | $139,000 | $1,103,000 |
| Credit History | 2 | $410,000 | $205,000 | $215,000 | $105,000 | $137,000 |
| Debt-To-Income Ratio | 2 | $590,000 | $295,000 | $375,000 | $76,000 | $100,000 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Palm Beach First Financial & Mortgage Company, LLC's 2020 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 Palm Beach First Financial & Mortgage Company, 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 Florida, download the full spreadsheet
with aggregated HMDA statistics today.
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