Priority Home Lending, LLC Mortgage Lending & HMDA Data, 2018

In 2018, Priority Home Lending, LLC of Houston, TX reported 468 mortgage applications totaling $134.9 million, up 1% from 2017. The average application was for $288,162, and applicants reported an average income of $95,769. 79% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (134), Spokane-Spokane Valley, WA (110) and Tacoma-Lakewood, WA (76) (applications in parentheses).

Mortgage Company & Address Priority Home Lending, LLC

Houston, TX 77027
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  
Total Number of Mortgage Applications 468
Total Mortgage Loan Application Amount $134,860,000
Average Mortgage Loan Application Amount $288,162
Highest Mortgage Loan Application Amount $925,000
Average Applicant Income $95,769
Highest Applicant Income $335,000

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records Priority Home Lending, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

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Mortgage Loan Application Detail Totals for Priority Home Lending, LLC in 2018

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 432 $125,330,000 $290,000 $925,000 $95,000 $335,000
Cash-out Refinancing 18 $4,270,000 $237,000 $425,000 $106,000 $237,000
Refinancing 12 $3,970,000 $330,000 $485,000 $121,000 $310,000
Other Purpose 4 $990,000 $247,000 $345,000 $69,000 $83,000
Home Improvement 2 $300,000 $150,000 $215,000 $72,000 $131,000
Not Applicable 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 325 $92,385,000 $284,000 $925,000 $95,000 $335,000
Asian 47 $14,345,000 $305,000 $665,000 $86,000 $200,000
Not Provided 45 $13,585,000 $301,000 $665,000 $116,000 $247,000
Hispanic 25 $6,505,000 $260,000 $665,000 $95,000 $189,000
Black or African American 13 $4,735,000 $364,000 $645,000 $91,000 $183,000
American Indian or Alaskan Native 3 $425,000 $141,000 $265,000 $58,000 $68,000
Native Hawaiian or Other Pacific Islander 2 $530,000 $265,000 $325,000 $88,000 $100,000
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) 393 $111,295,000 $283,000 $925,000 $98,000 $335,000
FHA-insured (Federal Housing Administration) 65 $20,195,000 $310,000 $595,000 $84,000 $194,000
VA-guaranteed (Veterans Administration) 8 $2,690,000 $336,000 $555,000 $116,000 $183,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $680,000 $340,000 $355,000 $83,000 $100,000

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 372 $104,680,000 $281,000 $665,000 $95,000 $335,000
Application Withdrawn By Applicant 83 $26,115,000 $314,000 $925,000 $107,000 $310,000
Application Denied By Financial Institution 8 $2,140,000 $267,000 $905,000 $44,000 $93,000
Application Approved But Not Accepted 5 $1,925,000 $385,000 $665,000 $97,000 $236,000
File Closed For Incompleteness 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
Not applicable 460 $132,720,000 $288,000 $925,000 $97,000 $335,000
Debt-To-Income Ratio 4 $1,630,000 $407,000 $905,000 $27,000 $58,000
Collateral 3 $345,000 $115,000 $275,000 $51,000 $93,000
Credit History 1 $165,000 $165,000 $165,000 $73,000 $73,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Priority Home Lending, LLC's 2018 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 Home Lending, 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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