Priority Home Mortgage, L.P. Mortgage Lending & HMDA Data, 2012

In 2012, Priority Home Mortgage, L.P. of Houston, TX reported 1,316 mortgage applications totaling $346.7 million, up 111% from 2011. The average application was for $263,420, and applicants reported an average income of $130,310. 79% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Houston-Sugar Land-Baytown, TX (524), San Antonio-New Braunfels, TX (222) and Austin-Round Rock-San Marcos, TX (217) (applications in parentheses).

Mortgage Company & Address Priority Home Mortgage, L.P.
11011 Richmond Avenue, Suite 830
Houston, TX 77072
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 1,316
Total Mortgage Loan Application Amount $346,661,000
Average Mortgage Loan Application Amount $263,420
Highest Mortgage Loan Application Amount $1,000,000
Average Applicant Income $130,310
Highest Applicant Income $780,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Priority Home Mortgage, L.P. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Mortgage, L.P. in 2012

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 1,301 $342,035,000 $262,000 $960,000 $129,000 $772,000
Refinancing 15 $4,626,000 $308,000 $1,000,000 $244,000 $780,000
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 798 $210,571,000 $263,000 $792,000 $136,000 $772,000
Asian 190 $54,264,000 $285,000 $1,000,000 $136,000 $780,000
Hispanic 164 $39,938,000 $243,000 $442,000 $109,000 $354,000
Black or African American 76 $17,989,000 $236,000 $417,000 $92,000 $191,000
Not Provided 75 $20,257,000 $270,000 $960,000 $129,000 $412,000
American Indian or Alaskan Native 8 $1,926,000 $240,000 $417,000 $107,000 $160,000
Native Hawaiian or Other Pacific Islander 5 $1,716,000 $343,000 $417,000 $143,000 $220,000
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) 927 $249,561,000 $269,000 $1,000,000 $141,000 $780,000
FHA-insured (Federal Housing Administration) 213 $48,320,000 $226,000 $344,000 $98,000 $378,000
VA-guaranteed (Veterans Administration) 164 $46,800,000 $285,000 $601,000 $114,000 $275,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 12 $1,980,000 $165,000 $214,000 $50,000 $77,000

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 1,038 $272,231,000 $262,000 $1,000,000 $130,000 $780,000
Application Withdrawn By Applicant 173 $46,871,000 $270,000 $594,000 $143,000 $772,000
Application Approved But Not Accepted 49 $13,071,000 $266,000 $417,000 $114,000 $215,000
Application Denied By Financial Institution 36 $8,450,000 $234,000 $417,000 $99,000 $303,000
File Closed For Incompleteness 20 $6,038,000 $301,000 $960,000 $127,000 $412,000
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
Debt-To-Income Ratio 20 $4,576,000 $228,000 $400,000 $91,000 $303,000
Credit History 10 $2,488,000 $248,000 $417,000 $92,000 $175,000
Other 2 $380,000 $190,000 $192,000 $148,000 $218,000
Employment History 1 $188,000 $188,000 $188,000 $77,000 $77,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Priority Home Mortgage, L.P.'s 2012 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 Mortgage, L.P.'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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