AllMortgageDetail - Mortgage Application Details

Homebridge Financial Services,
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Homebridge Financial Services,
194 Wood Avenue South, 9Th Floor
Iselin, NJ 08830
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 36,033
Total Mortgage Loan Application Amount $8,671,678,000
Average Mortgage Loan Application Amount $182,976
Highest Mortgage Loan Application Amount $2,568,000
Average Applicant Income $77,909
Highest Applicant Income $3,164,000

Mortgage Loan Application Detail Totals for Homebridge Financial Services, in 2014

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 24,354 $5,530,145,000 $227,000 $2,568,000 $87,000 $3,164,000
Refinancing 10,946 $2,985,866,000 $272,000 $2,400,000 $103,000 $2,442,000
Home Improvement 733 $155,667,000 $212,000 $1,113,000 $75,000 $830,000

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 21,137 $5,047,839,000 $238,000 $2,568,000 $98,000 $2,442,000
Hispanic 5,684 $1,246,543,000 $219,000 $1,150,000 $71,000 $1,262,000
Black or African American 3,754 $791,171,000 $210,000 $1,505,000 $71,000 $1,028,000
Asian 2,720 $835,028,000 $306,000 $1,399,000 $102,000 $3,164,000
Not Provided 2,508 $687,934,000 $274,000 $1,720,000 $100,000 $2,020,000
Native Hawaiin or Other Pacific Islander 138 $41,210,000 $298,000 $806,000 $92,000 $522,000
American Indian or Alaskan Native 92 $21,953,000 $238,000 $605,000 $101,000 $487,000
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) 19,620 $5,010,439,000 $255,000 $2,568,000 $109,000 $3,164,000
FHA-insured (Federal Housing Administration) 11,840 $2,518,703,000 $212,000 $1,113,000 $69,000 $977,000
VA-guaranteed (Veterans Administration) 3,565 $981,097,000 $275,000 $1,134,000 $79,000 $805,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,008 $161,439,000 $160,000 $558,000 $52,000 $174,000

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 24,358 $5,850,282,000 $240,000 $1,854,000 $92,000 $3,164,000
File Closed For Incompleteness 3,950 $1,011,206,000 $256,000 $2,400,000 $91,000 $2,020,000
Application Withdrawn By Applicant 3,503 $804,860,000 $229,000 $2,568,000 $98,000 $1,864,000
Application Denied By Financial Institution 2,934 $727,392,000 $247,000 $1,782,000 $81,000 $2,436,000
Application Approved But Not Accepted 1,078 $233,867,000 $216,000 $986,000 $82,000 $1,061,000
Loan Purchased By The Institution 210 $44,071,000 $209,000 $626,000 $109,000 $447,000
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
Other 8 $2,129,000 $266,000 $625,000 $115,000 $174,000
Unverifiable Information 4 $1,282,000 $320,000 $626,000 $133,000 $314,000
Collateral 3 $496,000 $165,000 $208,000 $64,000 $70,000
Credit History 3 $406,000 $135,000 $150,000 $85,000 $145,000
Employment History 1 $151,000 $151,000 $151,000 $56,000 $56,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0