Peak Residential Lending Inc Mortgage Lending & HMDA Data, 2024
In 2024, Peak Residential Lending Inc of Gilbert, AZ reported 671 mortgage applications totaling $253.5 million. The average application was for $377,861, and applicants reported an average income of $136,220. 69% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Yuba City, CA (174), Sacramento--Roseville--Arden-Arcade, CA (108) and Bakersfield, CA (95) (applications in parentheses).
| Mortgage Company & Address | Peak Residential Lending Inc Gilbert, AZ 85295 |
| Federal Regulator | * available with data download |
| Years | 2025 2024 |
| Total Number of Mortgage Applications | 671 |
| Total Mortgage Loan Application Amount | $253,545,000 |
| Average Mortgage Loan Application Amount | $377,861 |
| Highest Mortgage Loan Application Amount | $1,165,000 |
| Average Applicant Income | $136,220 |
| Highest Applicant Income | $1,300,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Peak Residential Lending Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Yuba City, CA | 174 | $ 65,230,000 | $ 374,885 | $ 129,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 108 | $ 52,690,000 | $ 487,870 | $ 167,000 |
| Bakersfield, CA | 95 | $ 31,215,000 | $ 328,578 | $ 107,000 |
| Outside any metro area | 66 | $ 18,620,000 | $ 282,121 | $ 118,409 |
| Reno, NV | 62 | $ 24,350,000 | $ 392,741 | $ 119,000 |
| Phoenix-Mesa-Scottsdale, AZ | 53 | $ 20,155,000 | $ 380,283 | $ 131,000 |
| Chico, CA | 30 | $ 8,810,000 | $ 293,666 | $ 118,000 |
| Lexington-Fayette, KY | 13 | $ 4,265,000 | $ 328,076 | $ 128,000 |
| Austin-Round Rock, TX | 11 | $ 5,205,000 | $ 473,181 | $ 387,000 |
| Carson City, NV | 6 | $ 1,820,000 | $ 303,333 | $ 96,000 |
| Stockton-Lodi, CA | 6 | $ 2,390,000 | $ 398,333 | $ 355,000 |
| Boise City, ID | 4 | $ 1,550,000 | $ 387,500 | $ 57,000 |
| Prescott Valley-Prescott, AZ | 4 | $ 1,100,000 | $ 275,000 | $ 127,000 |
| Fort Worth-Arlington, TX | 3 | $ 955,000 | $ 318,333 | $ 88,000 |
| Las Vegas-Henderson-Paradise, NV | 3 | $ 1,385,000 | $ 461,666 | $ 184,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 3 | $ 3,025,000 | $ 1,008,333 | $ 298,000 |
| Santa Rosa, CA | 3 | $ 1,155,000 | $ 385,000 | $ 107,000 |
| Fort Smith, AR-OK | 2 | $ 810,000 | $ 405,000 | $ 125,000 |
| Missoula, MT | 2 | $ 740,000 | $ 370,000 | $ 99,000 |
| Modesto, CA | 2 | $ 910,000 | $ 455,000 | $ 122,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 1,000,000 | $ 500,000 | $ 179,000 |
| Vallejo-Fairfield, CA | 2 | $ 1,000,000 | $ 500,000 | $ 214,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 255,000 | $ 255,000 | $ 289,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 265,000 | $ 265,000 | $ 128,000 |
| Killeen-Temple, TX | 1 | $ 325,000 | $ 325,000 | $ 100,000 |
| Knoxville, TN | 1 | $ 195,000 | $ 195,000 | $ 255,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 75,000 | $ 75,000 | $ 45,000 |
| Merced, CA | 1 | $ 105,000 | $ 105,000 | $ 74,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 395,000 | $ 395,000 | $ 115,000 |
| Olympia-Tumwater, WA | 1 | $ 155,000 | $ 155,000 | $ 48,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 115,000 | $ 115,000 | $ 40,000 |
| Redding, CA | 1 | $ 425,000 | $ 425,000 | $ 178,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 585,000 | $ 585,000 | $ 281,000 |
| San Antonio-New Braunfels, TX | 1 | $ 225,000 | $ 225,000 | $ 46,000 |
| San Diego-Carlsbad, CA | 1 | $ 605,000 | $ 605,000 | $ 175,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 395,000 | $ 395,000 | $ 240,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 535,000 | $ 535,000 | $ 142,000 |
| Spokane-Spokane Valley, WA | 1 | $ 125,000 | $ 125,000 | $ 27,000 |
| Tucson, AZ | 1 | $ 385,000 | $ 385,000 | $ 110,000 |
Mortgage Loan Application Detail Totals for Peak Residential Lending Inc in 2024
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 | 579 | $224,235,000 | $387,000 | $1,165,000 | $136,000 | $1,300,000 |
| Cash-out Refinancing | 62 | $18,260,000 | $294,000 | $785,000 | $135,000 | $442,000 |
| Refinancing | 30 | $11,050,000 | $368,000 | $1,035,000 | $143,000 | $397,000 |
| 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 | 267 | $99,735,000 | $373,000 | $1,165,000 | $142,000 | $1,196,000 |
| Hispanic | 201 | $68,385,000 | $340,000 | $1,035,000 | $109,000 | $397,000 |
| Asian | 94 | $42,980,000 | $457,000 | $845,000 | $142,000 | $416,000 |
| Not Provided | 78 | $31,270,000 | $400,000 | $995,000 | $175,000 | $1,300,000 |
| Black or African American | 19 | $7,315,000 | $385,000 | $765,000 | $132,000 | $319,000 |
| American Indian or Alaskan Native | 8 | $1,950,000 | $243,000 | $455,000 | $95,000 | $179,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,910,000 | $477,000 | $715,000 | $323,000 | $442,000 |
| 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) | 432 | $165,420,000 | $382,000 | $1,165,000 | $149,000 | $1,300,000 |
| FHA-insured (Federal Housing Administration) | 179 | $63,235,000 | $353,000 | $775,000 | $107,000 | $563,000 |
| VA-guaranteed (Veterans Administration) | 51 | $23,075,000 | $452,000 | $995,000 | $146,000 | $1,196,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $1,815,000 | $201,000 | $305,000 | $69,000 | $113,000 |
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 | 464 | $179,010,000 | $385,000 | $1,065,000 | $139,000 | $1,196,000 |
| Application Withdrawn By Applicant | 189 | $68,235,000 | $361,000 | $1,165,000 | $132,000 | $1,300,000 |
| Application Approved But Not Accepted | 15 | $5,405,000 | $360,000 | $715,000 | $122,000 | $255,000 |
| Application Denied By Financial Institution | 3 | $895,000 | $298,000 | $355,000 | $76,000 | $94,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 668 | $252,650,000 | $378,000 | $1,165,000 | $137,000 | $1,300,000 |
| Collateral | 2 | $570,000 | $285,000 | $355,000 | $84,000 | $94,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $325,000 | $325,000 | $325,000 | $60,000 | $60,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peak Residential Lending Inc's 2024 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 Peak Residential Lending Inc'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 Arizona, download the full spreadsheet
with aggregated HMDA statistics today.
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