Paragon Financial Mortgage Mortgage Lending & HMDA Data, 2007
In 2007, Paragon Financial Mortgage of Santa Margarita, CA reported 1,273 mortgage applications totaling $322.8 million, up 3% from 2006. The average application was for $253,605, and applicants reported an average income of $121,219. 85% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Peoria, IL (192), Chicago-Naperville-Joliet, IL (85) and Raleigh-Cary, NC (42) (applications in parentheses).
| Mortgage Company & Address | Paragon Financial Mortgage 30071 Tomas Rancho Santa Margarita, CA 92688 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 |
| Total Number of Mortgage Applications | 1,273 |
| Total Mortgage Loan Application Amount | $322,840,000 |
| Average Mortgage Loan Application Amount | $253,605 |
| Highest Mortgage Loan Application Amount | $3,356,000 |
| Average Applicant Income | $121,219 |
| Highest Applicant Income | $990,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Paragon Financial Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Peoria, IL | 192 | $ 37,694,000 | $ 196,322 | $ 112,000 |
| Chicago-Naperville-Joliet, IL | 85 | $ 24,098,000 | $ 283,505 | $ 126,000 |
| Raleigh-Cary, NC | 42 | $ 9,741,000 | $ 231,928 | $ 105,000 |
| Houston-Sugar Land-Baytown, TX | 39 | $ 6,584,000 | $ 168,820 | $ 122,000 |
| Phoenix-Mesa-Scottsdale, AZ | 31 | $ 8,270,000 | $ 266,774 | $ 116,000 |
| Dallas-Plano-Irving, TX | 27 | $ 4,094,000 | $ 151,629 | $ 99,000 |
| Santa Ana-Anaheim-Irvine, CA | 26 | $ 15,815,000 | $ 608,269 | $ 215,000 |
| San Diego-Carlsbad-San Marcos, CA | 24 | $ 10,646,000 | $ 443,583 | $ 137,000 |
| Atlanta-Sandy Springs-Marietta, GA | 22 | $ 4,905,000 | $ 222,954 | $ 103,000 |
| Denver-Aurora, CO | 22 | $ 5,700,000 | $ 259,090 | $ 131,000 |
| Lafayette, IN | 21 | $ 3,413,000 | $ 162,523 | $ 105,000 |
| Pittsburgh, PA | 21 | $ 5,143,000 | $ 244,904 | $ 117,000 |
| Los Angeles-Long Beach-Glendale, CA | 18 | $ 10,879,000 | $ 604,388 | $ 144,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 18 | $ 4,431,000 | $ 246,166 | $ 110,000 |
| Kansas City, MO-KS | 17 | $ 3,465,000 | $ 203,823 | $ 108,000 |
| Las Vegas-Paradise, NV | 16 | $ 6,364,000 | $ 397,750 | $ 140,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 16 | $ 3,923,000 | $ 245,187 | $ 115,000 |
| St. Louis, MO-IL | 16 | $ 4,177,000 | $ 261,062 | $ 155,437 |
| Greenville-Mauldin-Easley, SC | 15 | $ 1,715,000 | $ 114,333 | $ 84,000 |
| Decatur, IL | 14 | $ 2,594,000 | $ 185,285 | $ 133,000 |
| Newark-Union, NJ-PA | 14 | $ 4,807,000 | $ 343,357 | $ 145,000 |
| Asheville, NC | 13 | $ 2,377,000 | $ 182,846 | $ 93,000 |
| Austin-Round Rock, TX | 13 | $ 2,542,000 | $ 195,538 | $ 134,000 |
| Bloomington-Normal, IL | 12 | $ 1,482,000 | $ 123,500 | $ 93,000 |
| Indianapolis-Carmel, IN | 12 | $ 1,895,000 | $ 157,916 | $ 83,000 |
| Memphis, TN-MS-AR | 12 | $ 2,334,000 | $ 194,500 | $ 111,166 |
| Seattle-Bellevue-Everett, WA | 11 | $ 4,193,000 | $ 381,181 | $ 103,000 |
| Atlantic City, NJ | 10 | $ 2,120,000 | $ 212,000 | $ 112,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 10 | $ 4,086,000 | $ 408,600 | $ 136,000 |
| Charleston-North Charleston, SC | 9 | $ 1,931,000 | $ 214,555 | $ 118,000 |
| Rockford, IL | 9 | $ 1,730,000 | $ 192,222 | $ 102,000 |
| San Antonio, TX | 9 | $ 2,213,000 | $ 245,888 | $ 143,000 |
| Philadelphia, PA | 8 | $ 1,994,000 | $ 249,250 | $ 124,000 |
| San Francisco-San Mateo-Redwood City, CA | 8 | $ 7,192,000 | $ 899,000 | $ 256,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 8 | $ 8,475,000 | $ 1,059,375 | $ 243,000 |
| Cincinnati-Middletown, OH-KY-IN | 7 | $ 1,076,000 | $ 153,714 | $ 79,571 |
| Huntsville, AL | 7 | $ 1,476,000 | $ 210,857 | $ 136,000 |
| Louisville-Jefferson County, KY-IN | 7 | $ 1,303,000 | $ 186,142 | $ 111,285 |
| Waco, TX | 7 | $ 1,190,000 | $ 170,000 | $ 122,000 |
| Wheeling, WV-OH | 7 | $ 1,107,000 | $ 158,142 | $ 91,285 |
| Baltimore-Towson, MD | 6 | $ 2,099,000 | $ 349,833 | $ 142,000 |
| Cleveland-Elyria-Mentor, OH | 6 | $ 1,162,000 | $ 193,666 | $ 94,000 |
| New York-White Plains-Wayne, NY-NJ | 6 | $ 3,523,000 | $ 587,166 | $ 351,166 |
| Riverside-San Bernardino-Ontario, CA | 6 | $ 2,311,000 | $ 385,166 | $ 142,000 |
| Salt Lake City, UT | 6 | $ 1,867,000 | $ 311,166 | $ 97,000 |
| Shreveport-Bossier City, LA | 6 | $ 926,000 | $ 154,333 | $ 104,000 |
| Tucson, AZ | 6 | $ 1,740,000 | $ 290,000 | $ 140,000 |
| Champaign-Urbana, IL | 5 | $ 1,024,000 | $ 204,800 | $ 91,000 |
| Charlotte-Gastonia-Concord, NC-SC | 5 | $ 813,000 | $ 162,600 | $ 99,000 |
| Durham, NC | 5 | $ 1,617,000 | $ 323,400 | $ 139,000 |
| Fort Worth-Arlington, TX | 5 | $ 568,000 | $ 113,600 | $ 93,000 |
| Miami-Miami Beach-Kendall, FL | 5 | $ 1,579,000 | $ 315,800 | $ 85,000 |
| Milwaukee-Waukesha-West Allis, WI | 5 | $ 702,000 | $ 140,400 | $ 78,000 |
| New Orleans-Metairie-Kenner, LA | 5 | $ 1,222,000 | $ 244,400 | $ 148,000 |
| Omaha-Council Bluffs, NE-IA | 5 | $ 1,182,000 | $ 236,400 | $ 279,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 5 | $ 1,165,000 | $ 233,000 | $ 122,000 |
| York-Hanover, PA | 5 | $ 1,000,000 | $ 200,000 | $ 133,000 |
| Akron, OH | 4 | $ 1,032,000 | $ 258,000 | $ 124,000 |
| Boston-Quincy, MA | 4 | $ 1,958,000 | $ 489,500 | $ 184,000 |
| Columbia, SC | 4 | $ 701,000 | $ 175,250 | $ 95,000 |
| Columbus, OH | 4 | $ 658,000 | $ 164,500 | $ 160,000 |
| Evansville, IN-KY | 4 | $ 620,000 | $ 155,000 | $ 84,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 4 | $ 1,072,000 | $ 268,000 | $ 121,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 4 | $ 1,512,000 | $ 378,000 | $ 151,000 |
| Sumter, SC | 4 | $ 646,000 | $ 161,500 | $ 87,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 1,914,000 | $ 478,500 | $ 178,000 |
| Yakima, WA | 4 | $ 569,000 | $ 142,250 | $ 132,000 |
| Augusta-Richmond County, GA-SC | 3 | $ 484,000 | $ 161,333 | $ 116,000 |
| Colorado Springs, CO | 3 | $ 640,000 | $ 213,333 | $ 82,000 |
| Edison, NJ | 3 | $ 989,000 | $ 329,666 | $ 158,000 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 858,000 | $ 286,000 | $ 99,000 |
| Hickory-Lenoir-Morganton, NC | 3 | $ 493,000 | $ 164,333 | $ 85,000 |
| Ithaca, NY | 3 | $ 568,000 | $ 189,333 | $ 149,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 636,000 | $ 212,000 | $ 153,000 |
| Oakland-Fremont-Hayward, CA | 3 | $ 2,438,000 | $ 812,666 | $ 169,000 |
| Roanoke, VA | 3 | $ 596,000 | $ 198,666 | $ 89,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 3 | $ 1,234,000 | $ 411,333 | $ 146,000 |
| Springfield, IL | 3 | $ 310,000 | $ 103,333 | $ 67,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 832,000 | $ 277,333 | $ 96,000 |
| Wilmington, DE-MD-NJ | 3 | $ 461,000 | $ 153,666 | $ 95,000 |
| Albuquerque, NM | 2 | $ 276,000 | $ 138,000 | $ 97,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 813,000 | $ 406,500 | $ 156,000 |
| Anchorage, AK | 2 | $ 463,000 | $ 231,500 | $ 70,000 |
| Appleton, WI | 2 | $ 197,000 | $ 98,500 | $ 86,000 |
| Boise City-Nampa, ID | 2 | $ 584,000 | $ 292,000 | $ 132,000 |
| Charleston, WV | 2 | $ 248,000 | $ 124,000 | $ 80,000 |
| Flagstaff, AZ | 2 | $ 668,000 | $ 334,000 | $ 176,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 406,000 | $ 203,000 | $ 122,000 |
| Harrisburg-Carlisle, PA | 2 | $ 288,000 | $ 144,000 | $ 109,000 |
| Harrisonburg, VA | 2 | $ 206,000 | $ 103,000 | $ 85,000 |
| Janesville, WI | 2 | $ 357,000 | $ 178,500 | $ 80,000 |
| Johnson City, TN | 2 | $ 272,000 | $ 136,000 | $ 124,000 |
| Kennewick-Richland-Pasco, WA | 2 | $ 244,000 | $ 122,000 | $ 88,000 |
| Killeen-Temple-Fort Hood, TX | 2 | $ 174,000 | $ 87,000 | $ 84,000 |
| Laredo, TX | 2 | $ 477,000 | $ 238,500 | $ 161,000 |
| Lawrence, KS | 2 | $ 165,000 | $ 82,500 | $ 78,000 |
| Manchester-Nashua, NH | 2 | $ 445,000 | $ 222,500 | $ 91,000 |
| McAllen-Edinburg-Mission, TX | 2 | $ 225,000 | $ 112,500 | $ 97,000 |
| New Haven-Milford, CT | 2 | $ 414,000 | $ 207,000 | $ 135,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 667,000 | $ 333,500 | $ 140,000 |
| Pascagoula, MS | 2 | $ 540,000 | $ 270,000 | $ 105,000 |
| Peabody, MA | 2 | $ 520,000 | $ 260,000 | $ 115,000 |
| Portland-Vancouver-Beaverton, OR-WA | 2 | $ 1,127,000 | $ 563,500 | $ 190,000 |
| Rochester, NY | 2 | $ 205,000 | $ 102,500 | $ 118,000 |
| Spartanburg, SC | 2 | $ 377,000 | $ 188,500 | $ 100,000 |
| Spokane, WA | 2 | $ 448,000 | $ 224,000 | $ 180,000 |
| Topeka, KS | 2 | $ 532,000 | $ 266,000 | $ 196,000 |
| Tulsa, OK | 2 | $ 506,000 | $ 253,000 | $ 85,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 773,000 | $ 386,500 | $ 186,000 |
| Wenatchee, WA | 2 | $ 300,000 | $ 150,000 | $ 94,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 93,000 | $ 93,000 | $ 80,000 |
| Amarillo, TX | 1 | $ 100,000 | $ 100,000 | $ 110,000 |
| Anniston-Oxford, AL | 1 | $ 153,000 | $ 153,000 | $ 87,000 |
| Baton Rouge, LA | 1 | $ 288,000 | $ 288,000 | $ 74,000 |
| Bay City, MI | 1 | $ 180,000 | $ 180,000 | $ 96,000 |
| Bethesda-Gaithersburg-Frederick, MD | 1 | $ 415,000 | $ 415,000 | $ 176,000 |
| Billings, MT | 1 | $ 288,000 | $ 288,000 | $ 152,000 |
| Birmingham-Hoover, AL | 1 | $ 192,000 | $ 192,000 | $ 82,000 |
| Boulder, CO | 1 | $ 908,000 | $ 908,000 | $ 185,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 400,000 | $ 400,000 | $ 204,000 |
| Camden, NJ | 1 | $ 284,000 | $ 284,000 | $ 103,000 |
| Corpus Christi, TX | 1 | $ 217,000 | $ 217,000 | $ 172,000 |
| Dayton, OH | 1 | $ 275,000 | $ 275,000 | $ 165,000 |
| Des Moines-West Des Moines, IA | 1 | $ 188,000 | $ 188,000 | $ 117,000 |
| Elizabethtown, KY | 1 | $ 262,000 | $ 262,000 | $ 116,000 |
| Flint, MI | 1 | $ 191,000 | $ 191,000 | $ 97,000 |
| Fort Smith, AR-OK | 1 | $ 117,000 | $ 117,000 | $ 61,000 |
| Fresno, CA | 1 | $ 512,000 | $ 512,000 | $ 165,000 |
| Gainesville, FL | 1 | $ 620,000 | $ 620,000 | $ 330,000 |
| Gary, IN | 1 | $ 220,000 | $ 220,000 | $ 132,000 |
| Jacksonville, FL | 1 | $ 270,000 | $ 270,000 | $ 125,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 235,000 | $ 235,000 | $ 163,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 226,000 | $ 226,000 | $ 99,000 |
| Logan, UT-ID | 1 | $ 372,000 | $ 372,000 | $ 240,000 |
| Michigan City-La Porte, IN | 1 | $ 268,000 | $ 268,000 | $ 160,000 |
| Midland, TX | 1 | $ 322,000 | $ 322,000 | $ 143,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 1 | $ 221,000 | $ 221,000 | $ 81,000 |
| Ocala, FL | 1 | $ 240,000 | $ 240,000 | $ 88,000 |
| Ogden-Clearfield, UT | 1 | $ 566,000 | $ 566,000 | $ 170,000 |
| Oklahoma City, OK | 1 | $ 210,000 | $ 210,000 | $ 55,000 |
| Orlando-Kissimmee, FL | 1 | $ 600,000 | $ 600,000 | $ 200,000 |
| Reno-Sparks, NV | 1 | $ 1,612,000 | $ 1,612,000 | $ 600,000 |
| Salinas, CA | 1 | $ 1,950,000 | $ 1,950,000 | $ 313,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 656,000 | $ 656,000 | $ 160,000 |
| Sioux Falls, SD | 1 | $ 165,000 | $ 165,000 | $ 84,000 |
| Tallahassee, FL | 1 | $ 172,000 | $ 172,000 | $ 90,000 |
| Toledo, OH | 1 | $ 254,000 | $ 254,000 | $ 78,000 |
| Visalia-Porterville, CA | 1 | $ 187,000 | $ 187,000 | $ 71,000 |
| Worcester, MA | 1 | $ 576,000 | $ 576,000 | $ 180,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 268,000 | $ 268,000 | $ 90,000 |
Mortgage Loan Application Detail Totals for Paragon Financial Mortgage in 2007
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 | 1,253 | $316,654,000 | $252,000 | $3,356,000 | $121,000 | $990,000 |
| Refinancing | 19 | $6,028,000 | $317,000 | $1,612,000 | $137,000 | $600,000 |
| Home Improvement | 1 | $158,000 | $158,000 | $158,000 | $96,000 | $96,000 |
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 | 1,012 | $251,593,000 | $248,000 | $3,356,000 | $121,000 | $990,000 |
| Not Provided | 120 | $34,713,000 | $289,000 | $1,612,000 | $129,000 | $600,000 |
| Asian | 53 | $15,601,000 | $294,000 | $1,000,000 | $123,000 | $261,000 |
| Hispanic | 45 | $12,993,000 | $288,000 | $1,125,000 | $128,000 | $269,000 |
| Black or African American | 41 | $7,624,000 | $185,000 | $428,000 | $94,000 | $210,000 |
| American Indian or Alaskan Native | 2 | $316,000 | $158,000 | $236,000 | $34,000 | $67,000 |
| 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) | 1,259 | $319,776,000 | $253,000 | $3,356,000 | $122,000 | $990,000 |
| VA-guaranteed (Veterans Administration) | 12 | $2,850,000 | $237,000 | $340,000 | $107,000 | $213,000 |
| FHA-insured (Federal Housing Administration) | 2 | $214,000 | $107,000 | $125,000 | $54,000 | $73,000 |
| 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 | 1,085 | $269,896,000 | $248,000 | $2,000,000 | $120,000 | $861,000 |
| Application Withdrawn By Applicant | 132 | $41,613,000 | $315,000 | $3,356,000 | $141,000 | $990,000 |
| Application Approved But Not Accepted | 34 | $6,822,000 | $200,000 | $805,000 | $119,000 | $205,000 |
| Application Denied By Financial Institution | 21 | $4,357,000 | $207,000 | $612,000 | $96,000 | $160,000 |
| File Closed For Incompleteness | 1 | $152,000 | $152,000 | $152,000 | $142,000 | $142,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 5 | $1,096,000 | $219,000 | $612,000 | $124,000 | $155,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $690,000 | $172,000 | $428,000 | $70,000 | $160,000 |
| Collateral | 4 | $786,000 | $196,000 | $508,000 | $125,000 | $155,000 |
| Debt-To-Income Ratio | 3 | $745,000 | $248,000 | $383,000 | $74,000 | $88,000 |
| Unverifiable Information | 3 | $931,000 | $310,000 | $409,000 | $112,000 | $145,000 |
| Credit History | 2 | $109,000 | $54,000 | $80,000 | $32,000 | $64,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Paragon Financial Mortgage's 2007 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 Paragon Financial Mortgage'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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