Performance Mortgage LLC Mortgage Lending & HMDA Data, 2022

In 2022, Performance Mortgage LLC of Chalmette, LA reported 639 mortgage applications totaling $123.0 million, down 39% from 2021. The average application was for $192,511, and applicants reported an average income of $64,572. 17% of its applications resulted in an originated loan and 27% were denied. Its largest markets were New Orleans-Metairie, LA (134), Baton Rouge, LA (23) and Houma-Thibodaux, LA (4) (applications in parentheses).

Mortgage Company & Address Performance Mortgage LLC
1000 E Judge Perez Dr
Chalmette, LA 70043
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  
Total Number of Mortgage Applications 639
Total Mortgage Loan Application Amount $123,015,000
Average Mortgage Loan Application Amount $192,511
Highest Mortgage Loan Application Amount $1,205,000
Average Applicant Income $64,572
Highest Applicant Income $671,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Performance Mortgage LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Performance Mortgage LLC by County in 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
St. Bernard, Louisiana 61 $ 12,085,000 $ 198,114 $ 86,000
Jefferson, Louisiana 27 $ 5,965,000 $ 220,925 $ 80,000
Orleans, Louisiana 22 $ 6,070,000 $ 275,909 $ 84,000
St. Tammany, Louisiana 20 $ 5,190,000 $ 259,500 $ 108,000
Livingston, Louisiana 11 $ 2,415,000 $ 219,545 $ 88,000
East Baton Rouge, Louisiana 10 $ 2,200,000 $ 220,000 $ 106,000
St. John the Baptist, Louisiana 3 $ 635,000 $ 211,666 $ 51,000
Ascension, Louisiana 2 $ 510,000 $ 255,000 $ 137,000
Lafourche, Louisiana 2 $ 670,000 $ 335,000 $ 89,000
St. Mary, Louisiana 2 $ 370,000 $ 185,000 $ 93,000
Tangipahoa, Louisiana 2 $ 350,000 $ 175,000 $ 46,000
Terrebonne, Louisiana 2 $ 410,000 $ 205,000 $ 88,000
Hinds, Mississippi 2 $ 150,000 $ 75,000 $ 136,000
Duval, Florida 1 $ 345,000 $ 345,000 $ 85,000
Clark, Indiana 1 $ 185,000 $ 185,000 $ 20,000
Acadia, Louisiana 1 $ 145,000 $ 145,000 $ 137,000
Evangeline, Louisiana 1 $ 135,000 $ 135,000 $ 42,000
Ouachita, Louisiana 1 $ 165,000 $ 165,000 $ 109,000
Plaquemines, Louisiana 1 $ 165,000 $ 165,000 $ 98,000
St. Landry, Louisiana 1 $ 125,000 $ 125,000 $ 43,000
Washington, Louisiana 1 $ 205,000 $ 205,000 $ 121,000
Hancock, Mississippi 1 $ 175,000 $ 175,000 $ 37,000
Pearl River, Mississippi 1 $ 165,000 $ 165,000 $ 37,000

Mortgage Loan Application Detail Totals for Performance Mortgage LLC in 2022

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 573 $110,325,000 $192,000 $1,205,000 $61,000 $658,000
Cash-out Refinancing 37 $6,455,000 $174,000 $705,000 $89,000 $273,000
Refinancing 29 $6,235,000 $215,000 $555,000 $104,000 $671,000
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 352 $69,080,000 $196,000 $865,000 $69,000 $360,000
Black or African American 193 $36,625,000 $189,000 $1,205,000 $59,000 $336,000
Hispanic 59 $10,655,000 $180,000 $405,000 $48,000 $128,000
Not Provided 17 $2,765,000 $162,000 $355,000 $79,000 $658,000
Asian 10 $2,080,000 $208,000 $445,000 $117,000 $671,000
American Indian or Alaskan Native 5 $1,035,000 $207,000 $295,000 $53,000 $80,000
Native Hawaiian or Other Pacific Islander 1 $325,000 $325,000 $325,000 $52,000 $52,000
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
FHA-insured (Federal Housing Administration) 257 $48,225,000 $187,000 $545,000 $57,000 $360,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 249 $51,935,000 $208,000 $1,205,000 $79,000 $671,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 108 $17,910,000 $165,000 $355,000 $50,000 $180,000
VA-guaranteed (Veterans Administration) 25 $4,945,000 $197,000 $355,000 $58,000 $120,000

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
Application Withdrawn By Applicant 358 $69,250,000 $193,000 $1,205,000 $66,000 $671,000
Application Denied By Financial Institution 170 $28,050,000 $165,000 $555,000 $49,000 $276,000
Loan Originated 111 $25,715,000 $231,000 $545,000 $84,000 $273,000
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
Application Approved But Not Accepted 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 469 $94,965,000 $202,000 $1,205,000 $70,000 $671,000
Credit History 100 $14,080,000 $140,000 $385,000 $55,000 $276,000
Debt-To-Income Ratio 57 $11,185,000 $196,000 $555,000 $36,000 $86,000
Credit Application Incomplete 8 $1,370,000 $171,000 $305,000 $57,000 $132,000
Employment History 2 $440,000 $220,000 $235,000 $36,000 $48,000
Unverifiable Information 2 $420,000 $210,000 $265,000 $27,000 $44,000
Collateral 1 $555,000 $555,000 $555,000 $143,000 $143,000
Other 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 Performance Mortgage LLC's 2022 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 Performance Mortgage 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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