Primequity, LLC Mortgage Lending & HMDA Data, 2007

In 2007, Primequity, LLC of Tampa, FL reported 3,119 mortgage applications totaling $683.4 million, up 2% from 2006. The average application was for $219,095, and applicants reported an average income of $90,412. 18% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (427), Tampa-St. Petersburg-Clearwater, FL (406) and Orlando-Kissimmee, FL (273) (applications in parentheses).

Mortgage Company & Address Primequity, LLC
6520 Harney Road
Tampa, FL 33610
Tel #: available with data download
Federal Regulator * available with data download
Years 2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 3,119
Total Mortgage Loan Application Amount $683,359,000
Average Mortgage Loan Application Amount $219,095
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $90,412
Highest Applicant Income $3,630,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Primequity, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Primequity, LLC by Metropolitan Area in 2007

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Miami-Miami Beach-Kendall, FL 427 $ 121,385,000 $ 284,274 $ 106,000
Tampa-St. Petersburg-Clearwater, FL 406 $ 75,941,000 $ 187,046 $ 80,000
Orlando-Kissimmee, FL 273 $ 58,366,000 $ 213,794 $ 79,000
Atlanta-Sandy Springs-Marietta, GA 246 $ 52,992,000 $ 215,414 $ 90,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 218 $ 58,589,000 $ 268,756 $ 103,000
Cape Coral-Fort Myers, FL 126 $ 28,324,000 $ 224,793 $ 87,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 125 $ 37,993,000 $ 303,944 $ 111,808
West Palm Beach-Boca Raton-Boynton Beach, FL 116 $ 30,970,000 $ 266,982 $ 100,000
Jacksonville, FL 90 $ 12,994,000 $ 144,377 $ 58,000
Virginia Beach-Norfolk-Newport News, VA-NC 82 $ 15,879,000 $ 193,646 $ 96,000
Baltimore-Towson, MD 65 $ 14,525,000 $ 223,461 $ 89,000
Naples-Marco Island, FL 53 $ 15,261,000 $ 287,943 $ 109,000
Sarasota-Bradenton-Venice, FL 53 $ 12,143,000 $ 229,113 $ 72,000
Richmond, VA 52 $ 8,984,000 $ 172,769 $ 79,000
Lakeland, FL 49 $ 8,634,000 $ 176,204 $ 72,000
Memphis, TN-MS-AR 48 $ 5,611,000 $ 116,895 $ 54,000
Port St. Lucie, FL 41 $ 7,513,000 $ 183,243 $ 68,000
Deltona-Daytona Beach-Ormond Beach, FL 36 $ 5,587,000 $ 155,194 $ 69,000
Nashville-Davidson--Murfreesboro--Franklin, TN 27 $ 4,013,000 $ 148,629 $ 60,000
Palm Bay-Melbourne-Titusville, FL 27 $ 5,144,000 $ 190,518 $ 97,000
Bridgeport-Stamford-Norwalk, CT 23 $ 5,877,000 $ 255,521 $ 76,000
Charlotte-Gastonia-Concord, NC-SC 23 $ 4,434,000 $ 192,782 $ 109,260
Sebastian-Vero Beach, FL 19 $ 4,065,000 $ 213,947 $ 67,000
New Haven-Milford, CT 17 $ 3,248,000 $ 191,058 $ 56,000
Bethesda-Gaithersburg-Frederick, MD 16 $ 5,953,000 $ 372,062 $ 155,000
Charleston-North Charleston, SC 16 $ 2,958,000 $ 184,875 $ 85,000
Ocala, FL 16 $ 3,031,000 $ 189,437 $ 58,000
Denver-Aurora, CO 15 $ 3,812,000 $ 254,133 $ 158,000
Indianapolis-Carmel, IN 13 $ 1,906,000 $ 146,615 $ 51,000
Knoxville, TN 13 $ 1,772,000 $ 136,307 $ 89,000
Pensacola-Ferry Pass-Brent, FL 12 $ 1,278,000 $ 106,500 $ 12,000
Punta Gorda, FL 12 $ 3,598,000 $ 299,833 $ 153,000
Minneapolis-St. Paul-Bloomington, MN-WI 11 $ 2,527,000 $ 229,727 $ 114,000
Tallahassee, FL 11 $ 1,626,000 $ 147,818 $ 98,000
Panama City-Lynn Haven, FL 10 $ 3,050,000 $ 305,000 $ 86,000
Hartford-West Hartford-East Hartford, CT 9 $ 1,481,000 $ 164,555 $ 46,000
Fort Wayne, IN 8 $ 989,000 $ 123,625 $ 63,000
Gainesville, FL 8 $ 1,838,000 $ 229,750 $ 78,000
Gary, IN 8 $ 1,523,000 $ 190,375 $ 81,000
Spartanburg, SC 8 $ 1,037,000 $ 129,625 $ 43,000
Evansville, IN-KY 7 $ 855,000 $ 122,142 $ 729,000
Jackson, TN 7 $ 826,000 $ 118,000 $ 170,000
Lynchburg, VA 7 $ 749,000 $ 107,000 $ 81,000
Durham, NC 6 $ 1,075,000 $ 179,166 $ 87,000
Kingsport-Bristol-Bristol, TN-VA 6 $ 647,000 $ 107,833 $ 51,000
Raleigh-Cary, NC 6 $ 1,432,000 $ 238,666 $ 68,000
Macon, GA 5 $ 739,000 $ 147,800 $ 81,000
Myrtle Beach-Conway-North Myrtle Beach, SC 5 $ 1,888,000 $ 377,600 $ 814,000
St. Louis, MO-IL 5 $ 736,000 $ 147,200 $ 196,000
Asheville, NC 4 $ 704,000 $ 176,000 $ 75,000
Chattanooga, TN-GA 4 $ 335,000 $ 83,750 $ 96,000
Greensboro-High Point, NC 4 $ 803,000 $ 200,750 $ 80,000
Kansas City, MO-KS 4 $ 442,000 $ 110,500 $ 67,000
Norwich-New London, CT 4 $ 593,000 $ 148,250 $ 21,000
Pueblo, CO 4 $ 573,000 $ 143,250 $ 54,000
Roanoke, VA 4 $ 524,000 $ 131,000 $ 54,000
Savannah, GA 4 $ 1,032,000 $ 258,000 $ 127,000
Sumter, SC 4 $ 316,000 $ 79,000 $ 27,000
Winston-Salem, NC 4 $ 192,000 $ 48,000 $ 42,000
Columbia, SC 3 $ 274,000 $ 91,333 $ 66,000
Fort Walton Beach-Crestview-Destin, FL 3 $ 338,000 $ 112,666 $ 16,000
Gainesville, GA 3 $ 377,000 $ 125,666 $ 71,000
Harrisonburg, VA 3 $ 609,000 $ 203,000 $ 54,000
Warner Robins, GA 3 $ 353,000 $ 117,666 $ 47,000
Augusta-Richmond County, GA-SC 2 $ 750,000 $ 375,000 $ 197,000
Bloomington, IN 2 $ 499,000 $ 249,500 $ 84,000
Burlington, NC 2 $ 309,000 $ 154,500 $ 39,000
Clarksville, TN-KY 2 $ 279,000 $ 139,500 $ 54,000
Cleveland, TN 2 $ 169,000 $ 84,500 $ 169,000
Columbus, GA-AL 2 $ 351,000 $ 175,500 $ 47,000
Greenville-Mauldin-Easley, SC 2 $ 171,000 $ 85,500 $ 54,000
Johnson City, TN 2 $ 148,000 $ 74,000 $ 35,000
Morristown, TN 2 $ 249,000 $ 124,500 $ 30,000
Wilmington, NC 2 $ 170,000 $ 85,000 $ 81,000
Albany, GA 1 $ 54,000 $ 54,000 $ 16,000
Cumberland, MD-WV 1 $ 85,000 $ 85,000 $ 16,000
Dalton, GA 1 $ 170,000 $ 170,000 $ 66,000
Danville, VA 1 $ 180,000 $ 180,000 $ 35,000
Greeley, CO 1 $ 480,000 $ 480,000 $ 0
Hickory-Lenoir-Morganton, NC 1 $ 86,000 $ 86,000 $ 31,000
Joplin, MO 1 $ 111,000 $ 111,000 $ 120,000
Rocky Mount, NC 1 $ 75,000 $ 75,000 $ 19,000
Springfield, MO 1 $ 178,000 $ 178,000 $ 0
Winchester, VA-WV 1 $ 407,000 $ 407,000 $ 0

Mortgage Loan Application Detail Totals for Primequity, LLC in 2007

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 1,831 $429,280,000 $234,000 $1,500,000 $90,000 $3,630,000
Refinancing 1,288 $254,079,000 $197,000 $1,424,000 $91,000 $1,446,000
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
Black or African American 1,005 $208,942,000 $207,000 $1,280,000 $77,000 $908,000
White 918 $185,638,000 $202,000 $1,424,000 $102,000 $3,630,000
Hispanic 841 $202,842,000 $241,000 $1,215,000 $94,000 $1,446,000
Not Provided 283 $68,865,000 $243,000 $1,500,000 $87,000 $552,000
Asian 49 $11,562,000 $235,000 $592,000 $93,000 $348,000
Native Hawaiian or Other Pacific Islander 16 $4,075,000 $254,000 $976,000 $99,000 $354,000
American Indian or Alaskan Native 7 $1,435,000 $205,000 $300,000 $75,000 $126,000
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) 3,119 $683,359,000 $219,000 $1,500,000 $90,000 $3,630,000
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
VA-guaranteed (Veterans Administration) 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
Application Withdrawn By Applicant 1,895 $427,220,000 $225,000 $1,424,000 $95,000 $3,630,000
Application Denied By Financial Institution 654 $147,857,000 $226,000 $1,500,000 $87,000 $984,000
Loan Originated 570 $108,282,000 $189,000 $1,120,000 $77,000 $862,000
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
Credit History 273 $54,711,000 $200,000 $1,500,000 $76,000 $660,000
Other 169 $41,848,000 $247,000 $1,200,000 $96,000 $984,000
Debt-To-Income Ratio 63 $15,099,000 $239,000 $630,000 $79,000 $295,000
Collateral 51 $10,701,000 $209,000 $1,000,000 $97,000 $456,000
Unverifiable Information 45 $13,712,000 $304,000 $1,280,000 $130,000 $466,000
Employment History 29 $6,845,000 $236,000 $642,000 $75,000 $198,000
Insufficient Cash (Downpayment, Closing Cost) 17 $3,834,000 $225,000 $600,000 $110,000 $370,000
Credit Application Incomplete 5 $683,000 $136,000 $198,000 $20,000 $56,000
Mortgage Insurance Denied 2 $424,000 $212,000 $228,000 $86,000 $97,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Primequity, LLC's 2007 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 Primequity, 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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