Premier Mortgage Resources, LLC Mortgage Lending & HMDA Data, 2016

In 2016, Premier Mortgage Resources, LLC of Meridian, ID reported 2,302 mortgage applications totaling $467.0 million, up 151% from 2015. The average application was for $202,850, and applicants reported an average income of $81,180. 83% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Boise City, ID (898), Portland-Vancouver-Hillsboro, OR-WA (457) and Walla Walla, WA (121) (applications in parentheses).

Mortgage Company & Address Premier Mortgage Resources, LLC
3363 E Presidential Dr Ste 200
Meridian, ID 83646
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  
Total Number of Mortgage Applications 2,302
Total Mortgage Loan Application Amount $466,961,000
Average Mortgage Loan Application Amount $202,850
Highest Mortgage Loan Application Amount $1,920,000
Average Applicant Income $81,180
Highest Applicant Income $981,000

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records Premier Mortgage Resources, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

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Mortgage Loan Application Detail Totals for Premier Mortgage Resources, LLC in 2016

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 1,779 $349,086,000 $196,000 $1,920,000 $78,000 $981,000
Refinancing 523 $117,875,000 $225,000 $1,019,000 $92,000 $585,000
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 2,002 $414,077,000 $206,000 $1,920,000 $83,000 $861,000
Hispanic 184 $27,735,000 $150,000 $615,000 $60,000 $981,000
Asian 45 $10,575,000 $235,000 $630,000 $94,000 $413,000
American Indian or Alaskan Native 21 $3,913,000 $186,000 $626,000 $58,000 $136,000
Black or African American 18 $4,482,000 $249,000 $640,000 $74,000 $228,000
Native Hawaiin or Other Pacific Islander 17 $3,105,000 $182,000 $436,000 $63,000 $166,000
Not Provided 15 $3,074,000 $204,000 $400,000 $117,000 $503,000
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) 1,334 $286,359,000 $214,000 $1,920,000 $97,000 $981,000
FHA-insured (Federal Housing Administration) 691 $121,859,000 $176,000 $508,000 $57,000 $447,000
VA-guaranteed (Veterans Administration) 198 $46,636,000 $235,000 $1,019,000 $71,000 $234,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 79 $12,107,000 $153,000 $319,000 $47,000 $75,000

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 1,903 $386,137,000 $202,000 $1,920,000 $80,000 $981,000
Application Withdrawn By Applicant 218 $46,579,000 $213,000 $1,000,000 $90,000 $458,000
Application Approved But Not Accepted 94 $19,576,000 $208,000 $645,000 $87,000 $688,000
Application Denied By Financial Institution 72 $12,166,000 $168,000 $459,000 $68,000 $327,000
File Closed For Incompleteness 15 $2,503,000 $166,000 $417,000 $64,000 $148,000
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

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
Debt-To-Income Ratio 20 $3,758,000 $187,000 $357,000 $63,000 $136,000
Collateral 16 $2,759,000 $172,000 $350,000 $82,000 $218,000
Credit History 13 $1,497,000 $115,000 $276,000 $75,000 $327,000
Employment History 8 $1,149,000 $143,000 $250,000 $47,000 $103,000
Insufficient Cash (Downpayment, Closing Cost) 6 $1,211,000 $201,000 $459,000 $60,000 $97,000
Other 5 $1,174,000 $234,000 $276,000 $77,000 $126,000
Unverifiable Information 2 $293,000 $146,000 $201,000 $80,000 $94,000
Credit Application Incomplete 1 $103,000 $103,000 $103,000 $24,000 $24,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Premier Mortgage Resources, LLC's 2016 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 Resources, 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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