Primequity, LLC Mortgage Lending & HMDA Data, 2003

In 2003, Primequity, LLC of Tampa, FL reported 1,417 mortgage applications totaling $199.0 million. The average application was for $140,407, and applicants reported an average income of $70,851. 47% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Tampa-St. Petersburg-Clearwater, FL (248), Nashville, TN (182) and Miami, FL (160) (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 1,417
Total Mortgage Loan Application Amount $198,957,000
Average Mortgage Loan Application Amount $140,407
Highest Mortgage Loan Application Amount $788,000
Average Applicant Income $70,851
Highest Applicant Income $926,000

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Act (HMDA) records Primequity, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2003

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Tampa-St. Petersburg-Clearwater, FL 248 $ 27,781,000 $ 112,020 $ 64,000
Nashville, TN 182 $ 27,147,000 $ 149,159 $ 74,000
Miami, FL 160 $ 22,617,000 $ 141,356 $ 63,000
Fort Lauderdale, FL 77 $ 10,409,000 $ 135,181 $ 61,000
Orlando, FL 64 $ 6,561,000 $ 102,515 $ 49,000
Charlotte-Gastonia-Rock Hill, NC-SC 54 $ 8,205,000 $ 151,944 $ 68,000
Melbourne-Titusville-Palm Bay, FL 47 $ 4,676,000 $ 99,489 $ 46,000
Norfolk-Virginia Beach-Newport News, VA-NC 41 $ 4,719,000 $ 115,097 $ 74,000
Raleigh-Durham-Chapel Hill, NC 34 $ 5,760,000 $ 169,411 $ 93,000
Fort Myers-Cape Coral, FL 29 $ 4,241,000 $ 146,241 $ 74,000
West Palm Beach-Boca Raton, FL 25 $ 5,136,000 $ 205,440 $ 107,000
Richmond-Petersburg, VA 22 $ 3,072,000 $ 139,636 $ 70,000
Jacksonville, FL 21 $ 1,685,000 $ 80,238 $ 45,000
Greensboro--Winston-Salem--High Point, NC 19 $ 2,935,000 $ 154,473 $ 87,000
Naples, FL 19 $ 3,759,000 $ 197,842 $ 111,000
Fort Pierce-Port St. Lucie, FL 17 $ 2,289,000 $ 134,647 $ 52,000
Sarasota-Bradenton, FL 13 $ 2,091,000 $ 160,846 $ 77,000
Greenville-Spartanburg-Anderson, SC 11 $ 1,426,000 $ 129,636 $ 54,000
Memphis, TN-AR-MS 10 $ 859,000 $ 85,900 $ 47,000
Charleston-North Charleston, SC 8 $ 1,224,000 $ 153,000 $ 102,000
Pensacola, FL 8 $ 987,000 $ 123,375 $ 60,000
Columbia, SC 6 $ 725,000 $ 120,833 $ 80,000
Lakeland-Winter Haven, FL 6 $ 408,000 $ 68,000 $ 36,000
Punta Gorda, FL 6 $ 535,000 $ 89,166 $ 62,000
Charlottesville, VA 5 $ 997,000 $ 199,400 $ 92,000
Daytona Beach, FL 5 $ 593,000 $ 118,600 $ 61,000
Wilmington, NC 5 $ 849,000 $ 169,800 $ 113,000
Hickory-Morganton-Lenoir, NC 4 $ 218,000 $ 54,500 $ 27,000
Gainesville, FL 3 $ 386,000 $ 128,666 $ 105,000
Knoxville, TN 3 $ 246,000 $ 82,000 $ 72,000
Roanoke, VA 3 $ 163,000 $ 54,333 $ 43,000
Asheville, NC 2 $ 310,000 $ 155,000 $ 87,000
Atlanta, GA 2 $ 313,000 $ 156,500 $ 122,000
Denver, CO 2 $ 333,000 $ 166,500 $ 73,000
Fayetteville, NC 2 $ 318,000 $ 159,000 $ 73,000
Goldsboro, NC 2 $ 100,000 $ 50,000 $ 34,000
Greenville, NC 2 $ 167,000 $ 83,500 $ 31,000
Ocala, FL 2 $ 97,000 $ 48,500 $ 21,000
Rocky Mount, NC 2 $ 168,000 $ 84,000 $ 46,000
Tallahassee, FL 2 $ 157,000 $ 78,500 $ 62,000
Boulder-Longmont, CO 1 $ 200,000 $ 200,000 $ 216,000
Chattanooga, TN-GA 1 $ 122,000 $ 122,000 $ 96,000
Clarksville-Hopkinsville, TN-KY 1 $ 84,000 $ 84,000 $ 39,000
Danville, VA 1 $ 229,000 $ 229,000 $ 75,000
Elkhart-Goshen, IN 1 $ 196,000 $ 196,000 $ 91,000
Evansville-Henderson, IN-KY 1 $ 53,000 $ 53,000 $ 34,000
Gary, IN 1 $ 130,000 $ 130,000 $ 72,000
Myrtle Beach, SC 1 $ 101,000 $ 101,000 $ 40,000
Panama City, FL 1 $ 160,000 $ 160,000 $ 70,000

Mortgage Loan Application Detail Totals for Primequity, LLC 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) 960 $138,656,000 $150,875 $788,000 $81,250 $926,000
Home Purchase (one-to-four family) 456 $60,211,000 $135,125 $656,000 $77,250 $840,000
Home Improvement (one-to-four family) 1 $90,000 $90,000 $90,000 $46,000 $46,000
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 897 $131,854,000 $139,555 $788,000 $78,000 $926,000
Hispanic 257 $34,276,000 $150,666 $656,000 $69,333 $300,000
Black 112 $12,692,000 $111,800 $351,000 $53,400 $170,000
Information not provided by applicant in mail or telephone application 79 $8,576,000 $123,200 $286,000 $55,400 $150,000
Asian or Pacific Islander 44 $6,985,000 $148,600 $336,000 $79,000 $246,000
Other 26 $4,329,000 $221,000 $422,000 $98,333 $337,000
American Indian or Alaskan Native 2 $245,000 $122,000 $155,000 $87,000 $90,000
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) 1,414 $198,497,000 $137,222 $788,000 $73,444 $926,000
VA-guaranteed (Veterans Administration) 2 $310,000 $155,000 $190,000 $52,500 $71,000
FHA-insured (Federal Housing Administration) 1 $150,000 $150,000 $150,000 $66,000 $66,000
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 664 $93,420,000 $153,285 $646,000 $97,857 $699,000
Application Withdrawn By Applicant 657 $94,440,000 $135,333 $788,000 $67,222 $926,000
Application Denied By Financial Institution 95 $11,051,000 $116,833 $600,000 $61,666 $200,000
Application Approved But Not Accepted 1 $46,000 $46,000 $46,000 $29,000 $29,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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
Credit History 48 $5,885,000 $118,200 $600,000 $51,000 $125,000
Collateral 17 $1,821,000 $98,500 $301,000 $78,500 $183,000
Other 11 $1,253,000 $119,800 $259,000 $84,200 $200,000
Debt-To-Income Ratio 6 $798,000 $124,750 $207,000 $38,250 $119,000
Insufficient Cash (Downpayment, Closing Cost) 3 $256,000 $85,333 $114,000 $35,666 $60,000
Unverifiable Information 2 $119,000 $59,000 $78,000 $35,000 $42,000
Credit Application Incomplete 1 $156,000 $156,000 $156,000 $98,000 $98,000
Employment History 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

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