Principal Financial Group, Inc. Mortgage Lending & HMDA Data, 2019
In 2019, Principal Financial Group, Inc. of Des Moines, IA reported 47 mortgage applications totaling $950.3 million, up 7% from 2018. The average application was for $20,218,297, and applicants reported an average income of $0. 96% of its applications resulted in an originated loan and 2% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (10), Seattle-Bellevue-Everett, WA (6) and Los Angeles-Long Beach-Glendale, CA (3) (applications in parentheses).
| Mortgage Company & Address | Principal Financial Group, Inc. 711 High St Des Moines, IA 50392 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 |
| Total Number of Mortgage Applications | 47 |
| Total Mortgage Loan Application Amount | $950,260,000 |
| Average Mortgage Loan Application Amount | $20,218,297 |
| Highest Mortgage Loan Application Amount | $72,005,000 |
| Average Applicant Income | $0 |
| Highest Applicant Income | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Principal Financial Group, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New York-Jersey City-White Plains, NY-NJ | 10 | $ 131,645,000 | $ 13,164,500 | $ 0 |
| Seattle-Bellevue-Everett, WA | 6 | $ 109,930,000 | $ 18,321,666 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 102,015,000 | $ 34,005,000 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 68,975,000 | $ 22,991,666 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 3 | $ 40,010,000 | $ 13,336,666 | $ 0 |
| New York-Newark, NY | 2 | $ 24,010,000 | $ 12,005,000 | $ 0 |
| Richmond, VA | 2 | $ 23,010,000 | $ 11,505,000 | $ 0 |
| San Diego-Carlsbad, CA | 2 | $ 91,010,000 | $ 45,505,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 67,010,000 | $ 33,505,000 | $ 0 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 10,005,000 | $ 10,005,000 | $ 0 |
| Baltimore-Columbia-Towson, MD | 1 | $ 16,505,000 | $ 16,505,000 | $ 0 |
| Chicago-Naperville, IL | 1 | $ 22,505,000 | $ 22,505,000 | $ 0 |
| Columbus, OH | 1 | $ 35,005,000 | $ 35,005,000 | $ 0 |
| Denver-Aurora-Lakewood, CO | 1 | $ 17,005,000 | $ 17,005,000 | $ 0 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 15,505,000 | $ 15,505,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 27,005,000 | $ 27,005,000 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 10,005,000 | $ 10,005,000 | $ 0 |
| Newark, NJ-PA | 1 | $ 72,005,000 | $ 72,005,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 13,705,000 | $ 13,705,000 | $ 0 |
| Salt Lake City, UT | 1 | $ 21,805,000 | $ 21,805,000 | $ 0 |
| Tacoma-Lakewood, WA | 1 | $ 11,235,000 | $ 11,235,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 0 | $ 0 | $ 0 |
| Washington-Baltimore-Arlington, DC | 1 | $ 20,355,000 | $ 20,355,000 | $ 0 |
Mortgage Loan Application Detail Totals for Principal Financial Group, Inc. in 2019
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 | 38 | $783,415,000 | $22,383,000 | $58,005,000 | $0 | $0 |
| Refinancing | 9 | $166,845,000 | $18,538,000 | $72,005,000 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 47 | $950,260,000 | $21,596,000 | $72,005,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| White | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 47 | $950,260,000 | $21,596,000 | $72,005,000 | $0 | $0 |
| 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 | 45 | $887,250,000 | $21,125,000 | $72,005,000 | $0 | $0 |
| Loan Purchased By The Institution | 1 | $53,005,000 | $53,005,000 | $53,005,000 | $0 | $0 |
| Application Denied By Financial Institution | 1 | $10,005,000 | $10,005,000 | $10,005,000 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 46 | $940,255,000 | $21,866,000 | $72,005,000 | $0 | $0 |
| Collateral | 1 | $10,005,000 | $10,005,000 | $10,005,000 | $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 Principal Financial Group, Inc.'s 2019 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 Principal Financial Group, Inc.'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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