Paragon Home Lending, LLC Mortgage Lending & HMDA Data, 2004
In 2004, Paragon Home Lending, LLC of Brookfield, WI reported 12,745 mortgage applications totaling $1.7 billion, down 25% from 2003. The average application was for $129,674, and applicants reported an average income of $49,461. 39% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (2,378), Minneapolis-St. Paul-Bloomington, MN-WI (1,285) and Chicago-Naperville-Joliet, IL (1,120) (applications in parentheses).
| Mortgage Company & Address | Paragon Home Lending, LLC 19435 W. Capitol Drive, Suite 201 Brookfield, WI 53045 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 12,745 |
| Total Mortgage Loan Application Amount | $1,652,702,000 |
| Average Mortgage Loan Application Amount | $129,674 |
| Highest Mortgage Loan Application Amount | $840,000 |
| Average Applicant Income | $49,461 |
| Highest Applicant Income | $1,380,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Paragon Home Lending, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Paragon Home Lending, LLC in 2004
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 |
|---|---|---|---|---|---|---|
| Refinancing | 8,431 | $1,103,271,000 | $140,677 | $840,000 | $52,741 | $1,000,000 |
| Home Purchase | 4,314 | $549,431,000 | $140,111 | $673,000 | $56,074 | $1,380,000 |
| 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 | 6,382 | $828,291,000 | $152,620 | $608,000 | $66,448 | $576,000 |
| Not Provided | 3,946 | $524,774,000 | $131,413 | $840,000 | $42,793 | $1,380,000 |
| Black or African American | 1,530 | $178,770,000 | $124,136 | $612,000 | $54,954 | $660,000 |
| Hispanic | 674 | $86,692,000 | $117,100 | $448,000 | $45,450 | $1,056,000 |
| Asian | 169 | $28,689,000 | $139,000 | $673,000 | $56,875 | $336,000 |
| American Indian or Alaskan Native | 24 | $2,626,000 | $108,888 | $217,000 | $76,555 | $1,000,000 |
| Native Hawaiian or Other Pacific Islander | 17 | $2,477,000 | $155,250 | $308,000 | $53,375 | $83,000 |
| Not applicable | 3 | $383,000 | $136,500 | $163,000 | $41,000 | $48,000 |
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) | 11,913 | $1,553,104,000 | $148,137 | $840,000 | $59,068 | $1,380,000 |
| FHA-insured (Federal Housing Administration) | 821 | $98,108,000 | $118,105 | $272,000 | $32,684 | $154,000 |
| VA-guaranteed (Veterans Administration) | 11 | $1,490,000 | $137,400 | $204,000 | $51,200 | $115,000 |
| 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 | 4,943 | $625,352,000 | $139,280 | $673,000 | $62,000 | $1,056,000 |
| Application Withdrawn By Applicant | 3,133 | $423,448,000 | $143,500 | $840,000 | $44,857 | $1,380,000 |
| Application Denied By Financial Institution | 2,299 | $298,452,000 | $135,740 | $700,000 | $56,666 | $660,000 |
| Loan Purchased By The Institution | 2,270 | $292,848,000 | $139,809 | $484,000 | $56,476 | $306,000 |
| Application Approved But Not Accepted | 75 | $9,323,000 | $130,272 | $560,000 | $96,818 | $420,000 |
| File Closed For Incompleteness | 21 | $2,864,000 | $161,125 | $360,000 | $54,500 | $142,000 |
| Preapproval Approved but not Accepted | 4 | $415,000 | $103,000 | $154,000 | $45,000 | $71,000 |
| 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 | 284 | $34,944,000 | $118,142 | $700,000 | $48,904 | $660,000 |
| Collateral | 211 | $26,576,000 | $128,000 | $608,000 | $54,954 | $240,000 |
| Credit History | 165 | $18,460,000 | $114,062 | $464,000 | $52,562 | $158,000 |
| Debt-To-Income Ratio | 156 | $21,825,000 | $164,277 | $500,000 | $56,222 | $175,000 |
| Employment History | 66 | $7,703,000 | $106,285 | $410,000 | $49,000 | $124,000 |
| Unverifiable Information | 17 | $2,311,000 | $128,538 | $300,000 | $58,461 | $120,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 14 | $1,592,000 | $111,777 | $240,000 | $49,222 | $105,000 |
| Mortgage Insurance Denied | 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 Home Lending, LLC's 2004 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 Home 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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