Primelending Ventures LLC Mortgage Lending & HMDA Data, 2016

In 2016, Primelending Ventures LLC of Dallas, TX reported 1,421 mortgage applications totaling $424.4 million, up 26% from 2015. The average application was for $298,682, and applicants reported an average income of $134,911. 87% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Dallas-Plano-Irving, TX (715), Houston-The Woodlands-Sugar Land, TX (398) and Austin-Round Rock, TX (187) (applications in parentheses).

Mortgage Company & Address Primelending Ventures LLC
18111 Preston Road #900
Dallas, TX 75252
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  
Total Number of Mortgage Applications 1,421
Total Mortgage Loan Application Amount $424,428,000
Average Mortgage Loan Application Amount $298,682
Highest Mortgage Loan Application Amount $417,000
Average Applicant Income $134,911
Highest Applicant Income $1,285,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Primelending Ventures LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Primelending Ventures 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 1,403 $420,508,000 $299,000 $417,000 $135,000 $1,285,000
Refinancing 18 $3,920,000 $217,000 $416,000 $128,000 $300,000
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 708 $209,045,000 $295,000 $417,000 $138,000 $1,285,000
Not Provided 338 $101,372,000 $299,000 $417,000 $139,000 $509,000
Asian 209 $65,500,000 $313,000 $417,000 $123,000 $353,000
Hispanic 110 $31,365,000 $285,000 $417,000 $130,000 $543,000
Black or African American 50 $15,395,000 $307,000 $417,000 $136,000 $436,000
American Indian or Alaskan Native 4 $1,133,000 $283,000 $417,000 $95,000 $120,000
Native Hawaiin or Other Pacific Islander 2 $618,000 $309,000 $372,000 $138,000 $219,000
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) 1,419 $423,826,000 $298,000 $417,000 $135,000 $1,285,000
FHA-insured (Federal Housing Administration) 1 $302,000 $302,000 $302,000 $73,000 $73,000
VA-guaranteed (Veterans Administration) 1 $300,000 $300,000 $300,000 $95,000 $95,000
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 1,238 $367,478,000 $296,000 $417,000 $135,000 $1,285,000
Application Approved But Not Accepted 152 $47,752,000 $314,000 $417,000 $143,000 $1,072,000
Application Denied By Financial Institution 31 $9,198,000 $296,000 $417,000 $96,000 $207,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
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
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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Primelending Ventures 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 Primelending Ventures 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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