Park Lane Finance Solutionsllc Mortgage Lending & HMDA Data, 2019
In 2019, Park Lane Finance Solutionsllc of Charlottesville, VA reported 1,038 mortgage applications totaling $44.6 million, up 21% from 2018. The average application was for $42,957, and applicants reported an average income of $52,984. 18% of its applications resulted in an originated loan and 39% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (134), Evansville, IN-KY (80) and Orlando-Kissimmee-Sanford, FL (75) (applications in parentheses).
| Mortgage Company & Address | Park Lane Finance Solutionsllc 1228 Cedars Ct Ste 201 Charlottesville, VA 22903 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 1,038 |
| Total Mortgage Loan Application Amount | $44,590,000 |
| Average Mortgage Loan Application Amount | $42,957 |
| Highest Mortgage Loan Application Amount | $145,000 |
| Average Applicant Income | $52,984 |
| Highest Applicant Income | $400,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Park Lane Finance Solutionsllc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 174 | $ 4,120,000 | $ 23,678 | $ 43,660 |
| Louisville/Jefferson County, KY-IN | 134 | $ 5,450,000 | $ 40,671 | $ 46,552 |
| Evansville, IN-KY | 80 | $ 3,000,000 | $ 37,500 | $ 47,000 |
| Orlando-Kissimmee-Sanford, FL | 75 | $ 3,725,000 | $ 49,666 | $ 63,000 |
| Cincinnati, OH-KY-IN | 66 | $ 2,680,000 | $ 40,606 | $ 44,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 60 | $ 3,650,000 | $ 60,833 | $ 58,933 |
| Pensacola-Ferry Pass-Brent, FL | 56 | $ 2,630,000 | $ 46,964 | $ 40,000 |
| Hickory-Lenoir-Morganton, NC | 49 | $ 1,695,000 | $ 34,591 | $ 50,000 |
| Staunton-Waynesboro, VA | 35 | $ 1,795,000 | $ 51,285 | $ 56,000 |
| Atlanta-Sandy Springs-Roswell, GA | 32 | $ 1,660,000 | $ 51,875 | $ 54,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 25 | $ 885,000 | $ 35,400 | $ 55,200 |
| Winchester, VA-WV | 25 | $ 1,235,000 | $ 49,400 | $ 67,000 |
| Baltimore-Columbia-Towson, MD | 23 | $ 1,365,000 | $ 59,347 | $ 61,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 22 | $ 1,390,000 | $ 63,181 | $ 61,000 |
| Tampa-St. Petersburg-Clearwater, FL | 22 | $ 970,000 | $ 44,090 | $ 59,000 |
| Durham-Chapel Hill, NC | 19 | $ 1,385,000 | $ 72,894 | $ 51,000 |
| Hagerstown-Martinsburg, MD-WV | 18 | $ 880,000 | $ 48,888 | $ 58,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 14 | $ 820,000 | $ 58,571 | $ 74,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 14 | $ 1,060,000 | $ 75,714 | $ 76,000 |
| Cape Coral-Fort Myers, FL | 13 | $ 435,000 | $ 33,461 | $ 49,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 12 | $ 490,000 | $ 40,833 | $ 57,000 |
| Greensboro-High Point, NC | 9 | $ 345,000 | $ 38,333 | $ 55,000 |
| Owensboro, KY | 8 | $ 320,000 | $ 40,000 | $ 43,000 |
| Port St. Lucie, FL | 7 | $ 335,000 | $ 47,857 | $ 63,000 |
| Lakeland-Winter Haven, FL | 6 | $ 210,000 | $ 35,000 | $ 63,000 |
| North Port-Sarasota-Bradenton, FL | 5 | $ 385,000 | $ 77,000 | $ 80,000 |
| Richmond, VA | 5 | $ 205,000 | $ 41,000 | $ 59,000 |
| Lynchburg, VA | 4 | $ 210,000 | $ 52,500 | $ 49,000 |
| Hinesville, GA | 3 | $ 135,000 | $ 45,000 | $ 43,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 275,000 | $ 91,666 | $ 53,000 |
| Raleigh, NC | 3 | $ 145,000 | $ 48,333 | $ 46,000 |
| Tallahassee, FL | 3 | $ 135,000 | $ 45,000 | $ 89,000 |
| Asheville, NC | 2 | $ 80,000 | $ 40,000 | $ 48,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 40,000 | $ 20,000 | $ 60,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 45,000 | $ 45,000 | $ 176,000 |
| Chattanooga, TN-GA | 1 | $ 65,000 | $ 65,000 | $ 111,000 |
| Elizabethtown-Fort Knox, KY | 1 | $ 35,000 | $ 35,000 | $ 88,000 |
| Gary, IN | 1 | $ 25,000 | $ 25,000 | $ 95,000 |
| Kokomo, IN | 1 | $ 35,000 | $ 35,000 | $ 250,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 75,000 | $ 75,000 | $ 48,000 |
| Ocala, FL | 1 | $ 65,000 | $ 65,000 | $ 32,000 |
| Sebastian-Vero Beach, FL | 1 | $ 15,000 | $ 15,000 | $ 100,000 |
| Spartanburg, SC | 1 | $ 45,000 | $ 45,000 | $ 59,000 |
| The Villages, FL | 1 | $ 45,000 | $ 45,000 | $ 82,000 |
Mortgage Loan Application Detail Totals for Park Lane Finance Solutionsllc in 2019
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 | 1,037 | $44,555,000 | $42,000 | $145,000 | $53,000 | $400,000 |
| Refinancing | 1 | $35,000 | $35,000 | $35,000 | $37,000 | $37,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 586 | $25,490,000 | $43,000 | $145,000 | $54,000 | $334,000 |
| Hispanic | 194 | $10,460,000 | $53,000 | $115,000 | $56,000 | $187,000 |
| Black or African American | 93 | $3,675,000 | $39,000 | $85,000 | $44,000 | $187,000 |
| Not applicable | 72 | $1,180,000 | $16,000 | $55,000 | $0 | $0 |
| Not Provided | 61 | $2,675,000 | $43,000 | $85,000 | $55,000 | $262,000 |
| American Indian or Alaskan Native | 21 | $605,000 | $28,000 | $65,000 | $39,000 | $84,000 |
| Asian | 8 | $350,000 | $43,000 | $65,000 | $53,000 | $99,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $90,000 | $45,000 | $75,000 | $29,000 | $41,000 |
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) | 1,038 | $44,590,000 | $42,000 | $145,000 | $53,000 | $400,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 405 | $18,615,000 | $45,000 | $135,000 | $47,000 | $187,000 |
| Application Approved But Not Accepted | 245 | $10,215,000 | $41,000 | $145,000 | $53,000 | $400,000 |
| Loan Originated | 188 | $8,530,000 | $45,000 | $95,000 | $62,000 | $265,000 |
| Application Withdrawn By Applicant | 128 | $6,050,000 | $47,000 | $145,000 | $61,000 | $262,000 |
| Loan Purchased By The Institution | 72 | $1,180,000 | $16,000 | $55,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 633 | $25,975,000 | $41,000 | $145,000 | $58,000 | $400,000 |
| Debt-To-Income Ratio | 228 | $10,660,000 | $46,000 | $135,000 | $39,000 | $123,000 |
| Credit History | 146 | $6,560,000 | $44,000 | $105,000 | $56,000 | $187,000 |
| Other | 20 | $820,000 | $41,000 | $85,000 | $59,000 | $115,000 |
| Unverifiable Information | 6 | $280,000 | $46,000 | $75,000 | $74,000 | $187,000 |
| Employment History | 4 | $240,000 | $60,000 | $85,000 | $53,000 | $83,000 |
| Credit Application Incomplete | 1 | $55,000 | $55,000 | $55,000 | $58,000 | $58,000 |
| Collateral | 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 Park Lane Finance Solutionsllc's 2019 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 Park Lane Finance Solutionsllc'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 Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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