Ready Mortgage Lenders, LLC Mortgage Lending & HMDA Data, 2023
In 2023, Ready Mortgage Lenders, LLC of Miami, FL reported 402 mortgage applications totaling $162.6 million, down 5% from 2022. The average application was for $404,577, and applicants reported an average income of $155,097. 56% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (223), Cape Coral-Fort Myers, FL (60) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (46) (applications in parentheses).
| Mortgage Company & Address | Ready Mortgage Lenders, LLC 1000 Nw 57th Ct Suite 120 Miami, FL 33126 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 |
| Total Number of Mortgage Applications | 402 |
| Total Mortgage Loan Application Amount | $162,640,000 |
| Average Mortgage Loan Application Amount | $404,577 |
| Highest Mortgage Loan Application Amount | $2,105,000 |
| Average Applicant Income | $155,097 |
| Highest Applicant Income | $2,637,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ready Mortgage Lenders, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Ready Mortgage Lenders, LLC in 2023
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 | 363 | $145,375,000 | $400,000 | $1,995,000 | $157,000 | $2,637,000 |
| Refinancing | 36 | $16,360,000 | $454,000 | $2,105,000 | $132,000 | $1,032,000 |
| Cash-out Refinancing | 3 | $905,000 | $301,000 | $495,000 | $202,000 | $410,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Hispanic | 359 | $146,145,000 | $407,000 | $2,105,000 | $160,000 | $2,637,000 |
| Black or African American | 22 | $7,440,000 | $338,000 | $665,000 | $132,000 | $769,000 |
| White | 13 | $5,895,000 | $453,000 | $1,995,000 | $113,000 | $181,000 |
| Asian | 4 | $1,620,000 | $405,000 | $545,000 | $148,000 | $236,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,075,000 | $358,000 | $525,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $465,000 | $465,000 | $465,000 | $100,000 | $100,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 207 | $80,605,000 | $389,000 | $635,000 | $106,000 | $248,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 192 | $80,980,000 | $421,000 | $2,105,000 | $209,000 | $2,637,000 |
| VA-guaranteed (Veterans Administration) | 3 | $1,055,000 | $351,000 | $475,000 | $69,000 | $91,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 225 | $91,395,000 | $406,000 | $1,985,000 | $166,000 | $2,637,000 |
| Application Denied By Financial Institution | 69 | $27,435,000 | $397,000 | $1,995,000 | $100,000 | $300,000 |
| Application Withdrawn By Applicant | 53 | $22,945,000 | $432,000 | $2,105,000 | $177,000 | $1,920,000 |
| File Closed For Incompleteness | 52 | $19,730,000 | $379,000 | $925,000 | $164,000 | $1,032,000 |
| Application Approved But Not Accepted | 3 | $1,135,000 | $378,000 | $565,000 | $95,000 | $132,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 332 | $135,080,000 | $406,000 | $2,105,000 | $166,000 | $2,637,000 |
| Debt-To-Income Ratio | 21 | $8,025,000 | $382,000 | $645,000 | $97,000 | $221,000 |
| Unverifiable Information | 11 | $5,095,000 | $463,000 | $1,995,000 | $70,000 | $173,000 |
| Credit History | 9 | $3,365,000 | $373,000 | $715,000 | $124,000 | $215,000 |
| Collateral | 9 | $3,065,000 | $340,000 | $675,000 | $93,000 | $167,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $3,300,000 | $412,000 | $635,000 | $117,000 | $248,000 |
| Other | 6 | $2,440,000 | $406,000 | $585,000 | $149,000 | $208,000 |
| Credit Application Incomplete | 4 | $1,570,000 | $392,000 | $725,000 | $94,000 | $300,000 |
| Employment History | 2 | $700,000 | $350,000 | $475,000 | $28,000 | $28,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ready Mortgage Lenders, LLC's 2023 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 Ready Mortgage Lenders, 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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with aggregated HMDA statistics today.
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