Priority Funding LLC Mortgage Lending & HMDA Data, 2010
In 2010, Priority Funding LLC of Northboro, MA reported 649 mortgage applications totaling $31.9 million. The average application was for $49,167, and applicants reported an average income of $39,281. 0% of its applications resulted in an originated loan and 91% were denied. Its largest markets were Rockingham County-Strafford County, NH (147), Boston-Quincy, MA (63) and Providence-New Bedford-Fall River, RI-MA (49) (applications in parentheses).
| Mortgage Company & Address | Priority Funding LLC 292 Main Street, Ste G1 Northboro, MA 01532 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 649 |
| Total Mortgage Loan Application Amount | $31,910,000 |
| Average Mortgage Loan Application Amount | $49,167 |
| Highest Mortgage Loan Application Amount | $186,000 |
| Average Applicant Income | $39,281 |
| Highest Applicant Income | $183,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Priority Funding LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Priority Funding LLC in 2010
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 | 474 | $22,812,000 | $48,000 | $146,000 | $39,000 | $150,000 |
| Refinancing | 137 | $8,039,000 | $58,000 | $186,000 | $42,000 | $183,000 |
| Home Improvement | 38 | $1,059,000 | $27,000 | $110,000 | $33,000 | $86,000 |
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 | 504 | $24,814,000 | $49,000 | $186,000 | $40,000 | $183,000 |
| Not Provided | 103 | $4,904,000 | $47,000 | $126,000 | $39,000 | $113,000 |
| Hispanic | 17 | $830,000 | $48,000 | $109,000 | $34,000 | $108,000 |
| American Indian or Alaskan Native | 15 | $822,000 | $54,000 | $100,000 | $38,000 | $102,000 |
| Black or African American | 6 | $325,000 | $54,000 | $113,000 | $42,000 | $78,000 |
| Asian | 4 | $215,000 | $53,000 | $90,000 | $45,000 | $64,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 649 | $31,910,000 | $49,000 | $186,000 | $39,000 | $183,000 |
| 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 Denied By Financial Institution | 591 | $28,548,000 | $48,000 | $186,000 | $39,000 | $183,000 |
| Application Withdrawn By Applicant | 29 | $1,566,000 | $54,000 | $110,000 | $49,000 | $175,000 |
| File Closed For Incompleteness | 29 | $1,796,000 | $61,000 | $113,000 | $40,000 | $108,000 |
| Loan Originated | 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 |
| Application Approved But Not Accepted | 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 | 338 | $15,302,000 | $45,000 | $167,000 | $38,000 | $111,000 |
| Debt-To-Income Ratio | 144 | $7,629,000 | $52,000 | $141,000 | $33,000 | $143,000 |
| Other | 49 | $2,046,000 | $41,000 | $139,000 | $47,000 | $150,000 |
| Collateral | 48 | $2,950,000 | $61,000 | $186,000 | $53,000 | $183,000 |
| Employment History | 7 | $304,000 | $43,000 | $125,000 | $36,000 | $100,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $151,000 | $50,000 | $73,000 | $33,000 | $55,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Priority Funding LLC's 2010 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 Priority Funding 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.
For a list of all lenders in Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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