Primco Mortgage LLC Mortgage Lending & HMDA Data, 2023

In 2023, Primco Mortgage LLC of San Ramon, CA reported 78 mortgage applications totaling $49.7 million. The average application was for $637,692, and applicants reported an average income of $201,371. 41% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Anaheim-Santa Ana-Irvine, CA (32), Riverside-San Bernardino-Ontario, CA (11) and San Diego-Carlsbad, CA (3) (applications in parentheses).

Mortgage Company & Address Primco Mortgage LLC
3160 Crow Canyon Rd, Ste 400
San Ramon, CA 94583
Federal Regulator * available with data download
Years 2023  
Total Number of Mortgage Applications 78
Total Mortgage Loan Application Amount $49,740,000
Average Mortgage Loan Application Amount $637,692
Highest Mortgage Loan Application Amount $1,435,000
Average Applicant Income $201,371
Highest Applicant Income $1,307,000

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Act (HMDA) records Primco Mortgage LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

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Mortgage Loan Application Detail Totals for Primco Mortgage LLC in 2023

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 67 $43,035,000 $642,000 $1,355,000 $184,000 $489,000
Refinancing 6 $3,530,000 $588,000 $1,375,000 $239,000 $472,000
Cash-out Refinancing 5 $3,175,000 $635,000 $1,435,000 $389,000 $1,307,000
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 42 $26,170,000 $623,000 $1,375,000 $178,000 $489,000
Not Provided 16 $10,880,000 $680,000 $1,435,000 $288,000 $1,307,000
Asian 13 $7,935,000 $610,000 $965,000 $176,000 $335,000
Hispanic 6 $4,260,000 $710,000 $1,125,000 $188,000 $303,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 77 $48,915,000 $635,000 $1,435,000 $202,000 $1,307,000
VA-guaranteed (Veterans Administration) 1 $825,000 $825,000 $825,000 $214,000 $214,000
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

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 32 $18,330,000 $572,000 $1,005,000 $167,000 $271,000
Preapproval Approved but not Accepted 29 $19,335,000 $666,000 $1,355,000 $186,000 $489,000
Application Withdrawn By Applicant 10 $6,740,000 $674,000 $1,435,000 $338,000 $1,307,000
Application Approved But Not Accepted 6 $4,210,000 $701,000 $1,375,000 $218,000 $439,000
Preapproval Denied by Financial Institution 1 $1,125,000 $1,125,000 $1,125,000 $305,000 $305,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Application 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 77 $48,615,000 $631,000 $1,435,000 $200,000 $1,307,000
Other 1 $1,125,000 $1,125,000 $1,125,000 $305,000 $305,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 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
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 Primco Mortgage LLC's 2023 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 Primco 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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