Premier Mortgage Group, Ltd Mortgage Lending & HMDA Data, 2003
In 2003, Premier Mortgage Group, Ltd of Middleburg Heights, OH reported 3,684 mortgage applications totaling $837.6 million. The average application was for $227,357, and applicants reported an average income of $110,259. 88% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Chicago, IL (557), Los Angeles-Long Beach, CA (389) and Cleveland-Lorain-Elyria, OH (380) (applications in parentheses).
| Mortgage Company & Address | Premier Mortgage Group, Ltd 7550 Lucerne Drive, Suite 204 Middleburg Heights, OH 44130 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 3,684 |
| Total Mortgage Loan Application Amount | $837,586,000 |
| Average Mortgage Loan Application Amount | $227,357 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $110,259 |
| Highest Applicant Income | $1,677,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Premier Mortgage Group, Ltd filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chicago, IL | 557 | $ 120,520,000 | $ 216,373 | $ 110,000 |
| Los Angeles-Long Beach, CA | 389 | $ 104,235,000 | $ 267,956 | $ 95,000 |
| Cleveland-Lorain-Elyria, OH | 380 | $ 65,938,000 | $ 173,521 | $ 102,000 |
| Hartford, CT | 237 | $ 45,313,000 | $ 191,194 | $ 99,000 |
| Orange County, CA | 174 | $ 50,169,000 | $ 288,327 | $ 114,000 |
| Oakland, CA | 166 | $ 51,667,000 | $ 311,246 | $ 154,000 |
| San Diego, CA | 145 | $ 38,775,000 | $ 267,413 | $ 115,000 |
| San Francisco, CA | 110 | $ 36,805,000 | $ 334,590 | $ 137,000 |
| Riverside-San Bernardino, CA | 105 | $ 23,420,000 | $ 223,047 | $ 97,000 |
| San Jose, CA | 70 | $ 21,929,000 | $ 313,271 | $ 164,000 |
| Columbus, OH | 65 | $ 12,600,000 | $ 193,846 | $ 124,000 |
| Richmond-Petersburg, VA | 61 | $ 12,454,000 | $ 204,163 | $ 101,000 |
| Akron, OH | 60 | $ 10,444,000 | $ 174,066 | $ 116,000 |
| Detroit, MI | 58 | $ 11,390,000 | $ 196,379 | $ 124,000 |
| Minneapolis-St. Paul, MN-WI | 58 | $ 12,402,000 | $ 213,827 | $ 102,000 |
| Ventura, CA | 58 | $ 17,430,000 | $ 300,517 | $ 122,000 |
| Stamford-Norwalk, CT | 48 | $ 12,716,000 | $ 264,916 | $ 136,000 |
| New Haven-Meriden, CT | 43 | $ 9,818,000 | $ 228,325 | $ 107,000 |
| Cincinnati, OH-KY-IN | 39 | $ 8,163,000 | $ 209,307 | $ 112,000 |
| Lexington, KY | 39 | $ 7,372,000 | $ 189,025 | $ 98,000 |
| Sacramento, CA | 31 | $ 7,984,000 | $ 257,548 | $ 117,000 |
| Grand Rapids-Muskegon-Holland, MI | 28 | $ 4,837,000 | $ 172,750 | $ 85,000 |
| Santa Rosa, CA | 28 | $ 6,879,000 | $ 245,678 | $ 75,000 |
| Bridgeport, CT | 25 | $ 4,617,000 | $ 184,680 | $ 89,000 |
| Dayton-Springfield, OH | 25 | $ 4,465,000 | $ 178,600 | $ 79,000 |
| Vallejo-Fairfield-Napa, CA | 21 | $ 4,910,000 | $ 233,809 | $ 99,000 |
| Indianapolis, IN | 20 | $ 2,990,000 | $ 149,500 | $ 92,000 |
| Salinas, CA | 20 | $ 4,213,000 | $ 210,650 | $ 140,000 |
| Fort Lauderdale, FL | 19 | $ 3,309,000 | $ 174,157 | $ 101,000 |
| Norfolk-Virginia Beach-Newport News, VA-NC | 19 | $ 3,113,000 | $ 163,842 | $ 90,000 |
| Jacksonville, FL | 18 | $ 3,166,000 | $ 175,888 | $ 98,000 |
| Orlando, FL | 18 | $ 2,905,000 | $ 161,388 | $ 88,000 |
| Miami, FL | 16 | $ 3,668,000 | $ 229,250 | $ 119,000 |
| Toledo, OH | 15 | $ 2,578,000 | $ 171,866 | $ 128,000 |
| Canton-Massillon, OH | 13 | $ 2,119,000 | $ 163,000 | $ 83,000 |
| Danbury, CT | 13 | $ 3,639,000 | $ 279,923 | $ 221,000 |
| Sarasota-Bradenton, FL | 13 | $ 2,435,000 | $ 187,307 | $ 84,000 |
| Denver, CO | 12 | $ 1,918,000 | $ 159,833 | $ 112,000 |
| Tampa-St. Petersburg-Clearwater, FL | 11 | $ 1,787,000 | $ 162,454 | $ 95,000 |
| New London-Norwich, CT-RI | 10 | $ 1,929,000 | $ 192,900 | $ 84,000 |
| Fort Myers-Cape Coral, FL | 9 | $ 1,864,000 | $ 207,111 | $ 172,000 |
| Hamilton-Middletown, OH | 9 | $ 1,495,000 | $ 166,111 | $ 109,000 |
| Louisville, KY-IN | 9 | $ 1,743,000 | $ 193,666 | $ 85,000 |
| Santa Cruz-Watsonville, CA | 9 | $ 2,985,000 | $ 331,666 | $ 104,000 |
| South Bend, IN | 9 | $ 1,444,000 | $ 160,444 | $ 91,000 |
| Youngstown-Warren, OH | 9 | $ 1,345,000 | $ 149,444 | $ 69,000 |
| Naples, FL | 8 | $ 2,580,000 | $ 322,500 | $ 184,000 |
| Stockton-Lodi, CA | 7 | $ 1,352,000 | $ 193,142 | $ 80,000 |
| West Palm Beach-Boca Raton, FL | 7 | $ 1,556,000 | $ 222,285 | $ 160,000 |
| Ann Arbor, MI | 6 | $ 1,803,000 | $ 300,500 | $ 122,000 |
| Colorado Springs, CO | 6 | $ 1,087,000 | $ 181,166 | $ 84,000 |
| Lakeland-Winter Haven, FL | 6 | $ 717,000 | $ 119,500 | $ 63,000 |
| San Luis Obispo-Atascadero-Paso Robles, CA | 6 | $ 1,373,000 | $ 228,833 | $ 112,000 |
| Santa Barbara-Santa Maria-Lompoc, CA | 6 | $ 2,301,000 | $ 383,500 | $ 116,000 |
| Benton Harbor, MI | 5 | $ 1,051,000 | $ 210,200 | $ 97,000 |
| Boulder-Longmont, CO | 5 | $ 1,070,000 | $ 214,000 | $ 80,000 |
| Flint, MI | 5 | $ 868,000 | $ 173,600 | $ 59,000 |
| Kalamazoo-Battle Creek, MI | 5 | $ 870,000 | $ 174,000 | $ 238,000 |
| Modesto, CA | 5 | $ 926,000 | $ 185,200 | $ 93,000 |
| Evansville-Henderson, IN-KY | 4 | $ 536,000 | $ 134,000 | $ 68,000 |
| Gary, IN | 4 | $ 536,000 | $ 134,000 | $ 51,000 |
| Merced, CA | 4 | $ 548,000 | $ 137,000 | $ 45,000 |
| Bloomington, IN | 3 | $ 432,000 | $ 144,000 | $ 218,000 |
| Fresno, CA | 3 | $ 566,000 | $ 188,666 | $ 80,000 |
| Gainesville, FL | 3 | $ 484,000 | $ 161,333 | $ 186,000 |
| Panama City, FL | 3 | $ 481,000 | $ 160,333 | $ 111,000 |
| Saginaw-Bay City-Midland, MI | 3 | $ 487,000 | $ 162,333 | $ 100,000 |
| Waterbury, CT | 3 | $ 589,000 | $ 196,333 | $ 192,000 |
| Yolo, CA | 3 | $ 624,000 | $ 208,000 | $ 107,000 |
| Melbourne-Titusville-Palm Bay, FL | 2 | $ 407,000 | $ 203,500 | $ 86,000 |
| Ocala, FL | 2 | $ 358,000 | $ 179,000 | $ 140,000 |
| Pensacola, FL | 2 | $ 300,000 | $ 150,000 | $ 90,000 |
| Rockford, IL | 2 | $ 276,000 | $ 138,000 | $ 64,000 |
| Bremerton, WA | 1 | $ 190,000 | $ 190,000 | $ 146,000 |
| Chico-Paradise, CA | 1 | $ 253,000 | $ 253,000 | $ 98,000 |
| Danville, VA | 1 | $ 90,000 | $ 90,000 | $ 69,000 |
| Daytona Beach, FL | 1 | $ 134,000 | $ 134,000 | $ 63,000 |
| Decatur, IL | 1 | $ 410,000 | $ 410,000 | $ 150,000 |
| Elkhart-Goshen, IN | 1 | $ 160,000 | $ 160,000 | $ 51,000 |
| Fort Collins-Loveland, CO | 1 | $ 158,000 | $ 158,000 | $ 61,000 |
| Fort Wayne, IN | 1 | $ 157,000 | $ 157,000 | $ 87,000 |
| Greeley, CO | 1 | $ 322,000 | $ 322,000 | $ 94,000 |
| Jackson, MI | 1 | $ 127,000 | $ 127,000 | $ 60,000 |
| Lansing-East Lansing, MI | 1 | $ 76,000 | $ 76,000 | $ 27,000 |
| Lynchburg, VA | 1 | $ 240,000 | $ 240,000 | $ 83,000 |
| Portland, ME | 1 | $ 99,000 | $ 99,000 | $ 43,000 |
| Punta Gorda, FL | 1 | $ 155,000 | $ 155,000 | $ 145,000 |
| Roanoke, VA | 1 | $ 96,000 | $ 96,000 | $ 61,000 |
| Rochester, MN | 1 | $ 170,000 | $ 170,000 | $ 160,000 |
| St. Cloud, MN | 1 | $ 127,000 | $ 127,000 | $ 40,000 |
| Wilmington-Newark, DE-MD | 1 | $ 288,000 | $ 288,000 | $ 119,000 |
| Yuba City, CA | 1 | $ 186,000 | $ 186,000 | $ 68,000 |
Mortgage Loan Application Detail Totals for Premier Mortgage Group, Ltd in 2003
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 (home purchase or home improvement, one-to-four family) | 3,175 | $719,220,000 | $212,600 | $1,500,000 | $120,000 | $1,677,000 |
| Home Purchase (one-to-four family) | 447 | $113,943,000 | $221,750 | $950,000 | $112,250 | $1,152,000 |
| Home Improvement (one-to-four family) | 62 | $4,423,000 | $82,500 | $300,000 | $129,166 | $480,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 3,002 | $669,489,000 | $212,500 | $1,500,000 | $119,642 | $1,677,000 |
| Asian or Pacific Islander | 316 | $83,627,000 | $217,666 | $765,000 | $122,222 | $480,000 |
| Hispanic | 179 | $38,998,000 | $205,571 | $571,000 | $99,000 | $499,000 |
| Information not provided by applicant in mail or telephone application | 67 | $16,825,000 | $225,181 | $650,000 | $129,818 | $938,000 |
| Black | 59 | $12,047,000 | $196,750 | $453,000 | $97,500 | $248,000 |
| Other | 56 | $15,177,000 | $241,777 | $536,000 | $92,777 | $209,000 |
| American Indian or Alaskan Native | 5 | $1,423,000 | $283,500 | $323,000 | $168,000 | $310,000 |
| 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) | 3,677 | $836,506,000 | $211,533 | $1,500,000 | $119,533 | $1,677,000 |
| FHA-insured (Federal Housing Administration) | 5 | $690,000 | $135,500 | $182,000 | $63,500 | $95,000 |
| VA-guaranteed (Veterans Administration) | 2 | $390,000 | $195,000 | $240,000 | $73,500 | $85,000 |
| 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 | 3,251 | $733,658,000 | $211,400 | $1,500,000 | $120,600 | $1,677,000 |
| Application Withdrawn By Applicant | 278 | $66,288,000 | $225,090 | $867,000 | $121,363 | $1,080,000 |
| Application Denied By Financial Institution | 74 | $17,340,000 | $194,900 | $650,000 | $106,800 | $594,000 |
| Application Approved But Not Accepted | 61 | $15,222,000 | $199,000 | $984,000 | $99,400 | $902,000 |
| File Closed For Incompleteness | 20 | $5,078,000 | $267,875 | $650,000 | $89,750 | $468,000 |
| Loan Purchased By The 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 | 33 | $7,183,000 | $215,625 | $514,000 | $125,500 | $594,000 |
| Credit History | 11 | $2,218,000 | $181,833 | $522,000 | $68,000 | $119,000 |
| Debt-To-Income Ratio | 10 | $3,333,000 | $216,333 | $650,000 | $68,000 | $121,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $775,000 | $253,500 | $315,000 | $65,000 | $151,000 |
| Collateral | 2 | $438,000 | $219,000 | $273,000 | $91,000 | $114,000 |
| Employment History | 1 | $628,000 | $628,000 | $628,000 | $158,000 | $158,000 |
| Unverifiable Information | 1 | $175,000 | $175,000 | $175,000 | $193,000 | $193,000 |
| 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 Premier Mortgage Group, Ltd's 2003 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 Premier Mortgage Group, Ltd'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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