Primequity, LLC Mortgage Lending & HMDA Data, 2005

In 2005, Primequity, LLC of Tampa, FL reported 2,834 mortgage applications totaling $368.9 million, up 75% from 2004. The average application was for $130,175, and applicants reported an average income of $85,264. 47% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Tampa-St. Petersburg-Clearwater, FL (365), Miami-Miami Beach-Kendall, FL (363) and Cape Coral-Fort Myers, FL (269) (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 2,834
Total Mortgage Loan Application Amount $368,918,000
Average Mortgage Loan Application Amount $130,175
Highest Mortgage Loan Application Amount $1,791,000
Average Applicant Income $85,264
Highest Applicant Income $4,724,000

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Act (HMDA) records Primequity, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2005

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 365 $ 40,839,000 $ 111,887 $ 84,000
Miami-Miami Beach-Kendall, FL 363 $ 54,707,000 $ 150,707 $ 100,000
Cape Coral-Fort Myers, FL 269 $ 38,132,000 $ 141,754 $ 119,000
Orlando, FL 197 $ 25,051,000 $ 127,162 $ 83,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 188 $ 31,504,000 $ 167,574 $ 127,000
Virginia Beach-Norfolk-Newport News, VA-NC 126 $ 14,587,000 $ 115,769 $ 67,000
Jacksonville, FL 103 $ 9,484,000 $ 92,077 $ 60,000
West Palm Beach-Boca Raton-Boynton Beach, FL 103 $ 13,476,000 $ 130,834 $ 93,000
Naples-Marco Island, FL 72 $ 11,781,000 $ 163,625 $ 97,000
Port St. Lucie-Fort Pierce, FL 62 $ 7,963,000 $ 128,435 $ 236,000
Atlanta-Sandy Springs-Marietta, GA 56 $ 8,128,000 $ 145,142 $ 104,000
Lakeland, FL 54 $ 5,257,000 $ 97,351 $ 61,000
Richmond, VA 52 $ 5,295,000 $ 101,826 $ 54,000
Sarasota-Bradenton-Venice, FL 50 $ 7,325,000 $ 146,500 $ 92,000
Deltona-Daytona Beach-Ormond Beach, FL 49 $ 6,002,000 $ 122,489 $ 76,000
Palm Bay-Melbourne-Titusville, FL 37 $ 4,079,000 $ 110,243 $ 78,000
Pensacola-Ferry Pass-Brent, FL 31 $ 2,727,000 $ 87,967 $ 53,000
Vero Beach, FL 28 $ 3,131,000 $ 111,821 $ 61,000
Ocala, FL 26 $ 2,749,000 $ 105,730 $ 81,000
Baltimore-Towson, MD 23 $ 2,554,000 $ 111,043 $ 90,000
Memphis, TN-MS-AR 23 $ 2,247,000 $ 97,695 $ 44,000
Panama City-Lynn Haven, FL 23 $ 5,526,000 $ 240,260 $ 88,000
Tallahassee, FL 16 $ 1,569,000 $ 98,062 $ 53,000
Jackson, TN 14 $ 868,000 $ 62,000 $ 26,000
Bethesda-Frederick-Gaithersburg, MD 13 $ 2,565,000 $ 197,307 $ 149,000
Gainesville, FL 12 $ 1,108,000 $ 92,333 $ 79,000
Fort Walton Beach-Crestview-Destin, FL 10 $ 1,766,000 $ 176,600 $ 88,000
Fort Wayne, IN 7 $ 768,000 $ 109,714 $ 58,000
Lexington-Fayette, KY 7 $ 469,000 $ 67,000 $ 70,000
Punta Gorda, FL 7 $ 590,000 $ 84,285 $ 59,000
Charlottesville, VA 6 $ 1,318,000 $ 219,666 $ 111,000
Louisville, KY-IN 6 $ 333,000 $ 55,500 $ 49,000
Nashville-Davidson--Murfreesboro, TN 6 $ 408,000 $ 68,000 $ 71,000
Charlotte-Gastonia-Concord, NC-SC 5 $ 486,000 $ 97,200 $ 54,000
Raleigh-Cary, NC 5 $ 849,000 $ 169,800 $ 66,000
Knoxville, TN 4 $ 298,000 $ 74,500 $ 49,000
Colorado Springs, CO 3 $ 271,000 $ 90,333 $ 46,000
Hickory-Lenoir-Morganton, NC 3 $ 241,000 $ 80,333 $ 33,000
Lynchburg, VA 3 $ 280,000 $ 93,333 $ 71,000
Durham, NC 2 $ 128,000 $ 64,000 $ 55,000
Fayetteville, NC 2 $ 288,000 $ 144,000 $ 94,000
Greenville, SC 2 $ 160,000 $ 80,000 $ 47,000
Hinesville-Fort Stewart, GA 2 $ 139,000 $ 69,500 $ 77,000
Kingsport-Bristol-Bristol, TN-VA 2 $ 81,000 $ 40,500 $ 26,000
Macon, GA 2 $ 130,000 $ 65,000 $ 34,000
Terre Haute, IN 2 $ 125,000 $ 62,500 $ 78,000
Winchester, VA-WV 2 $ 377,000 $ 188,500 $ 89,000
Anderson, IN 1 $ 81,000 $ 81,000 $ 58,000
Athens-Clarke County, GA 1 $ 50,000 $ 50,000 $ 18,000
Columbia, SC 1 $ 72,000 $ 72,000 $ 35,000
Danville, VA 1 $ 72,000 $ 72,000 $ 45,000
Elizabethtown, KY 1 $ 54,000 $ 54,000 $ 101,000
Gary, IN 1 $ 78,000 $ 78,000 $ 114,000
Greenville, NC 1 $ 77,000 $ 77,000 $ 55,000
Hagerstown-Martinsburg, MD-WV 1 $ 93,000 $ 93,000 $ 171,000
Indianapolis, IN 1 $ 60,000 $ 60,000 $ 59,000
Morristown, TN 1 $ 104,000 $ 104,000 $ 30,000
Savannah, GA 1 $ 102,000 $ 102,000 $ 27,000
Spartanburg, SC 1 $ 248,000 $ 248,000 $ 58,000
Valdosta, GA 1 $ 49,000 $ 49,000 $ 65,000

Mortgage Loan Application Detail Totals for Primequity, LLC in 2005

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 1,793 $231,341,000 $105,900 $1,791,000 $64,300 $813,000
Refinancing 1,041 $137,577,000 $117,700 $1,400,000 $72,000 $4,724,000
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 1,156 $148,982,000 $109,454 $1,791,000 $70,454 $1,047,000
Hispanic 880 $120,087,000 $150,714 $930,000 $86,285 $630,000
Black or African American 645 $77,724,000 $117,777 $855,000 $65,333 $4,724,000
Asian 87 $12,775,000 $130,500 $467,000 $92,500 $289,000
Not Provided 39 $4,587,000 $134,250 $398,000 $54,750 $405,000
American Indian or Alaskan Native 21 $4,132,000 $121,500 $850,000 $66,750 $298,000
Native Hawaiian or Other Pacific Islander 6 $631,000 $105,000 $244,000 $66,000 $125,000
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) 2,834 $368,918,000 $109,909 $1,791,000 $65,454 $4,724,000
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
Loan Originated 1,333 $162,156,000 $94,800 $825,000 $70,400 $4,724,000
Application Withdrawn By Applicant 1,178 $161,519,000 $114,181 $1,791,000 $61,363 $715,000
Application Denied By Financial Institution 320 $44,793,000 $119,200 $855,000 $71,300 $1,047,000
File Closed For Incompleteness 3 $450,000 $150,000 $250,000 $90,000 $178,000
Application Approved But Not Accepted 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
Credit History 173 $25,461,000 $158,428 $796,000 $84,428 $1,047,000
Other 38 $4,534,000 $106,666 $455,000 $92,333 $386,000
Collateral 37 $5,774,000 $161,400 $855,000 $106,400 $241,000
Debt-To-Income Ratio 27 $2,710,000 $103,400 $212,000 $55,200 $276,000
Unverifiable Information 22 $2,623,000 $104,250 $378,000 $126,500 $335,000
Employment History 12 $2,131,000 $143,000 $424,000 $51,666 $126,000
Insufficient Cash (Downpayment, Closing Cost) 9 $1,256,000 $154,666 $366,000 $71,000 $180,000
Credit Application Incomplete 2 $304,000 $152,000 $164,000 $80,000 $125,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Primequity, LLC's 2005 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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