Mission Loans, LLC Mortgage Lending & HMDA Data, 2019

In 2019, Mission Loans, LLC of Irvine, CA reported 2,996 mortgage applications totaling $713.9 million, up 13% from 2018. The average application was for $238,271, and applicants reported an average income of $84,003. 65% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Las Vegas-Henderson-Paradise, NV (1,222), Riverside-San Bernardino-Ontario, CA (374) and Bakersfield, CA (166) (applications in parentheses).

Mortgage Company & Address Mission Loans, LLC

Irvine, CA 92612
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 2,996
Total Mortgage Loan Application Amount $713,860,000
Average Mortgage Loan Application Amount $238,271
Highest Mortgage Loan Application Amount $1,835,000
Average Applicant Income $84,003
Highest Applicant Income $1,176,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mission Loans, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Mission Loans, LLC in 2019

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 2,117 $492,425,000 $232,000 $1,835,000 $84,000 $892,000
Refinancing 449 $122,185,000 $272,000 $845,000 $86,000 $1,176,000
Cash-out Refinancing 394 $98,270,000 $249,000 $1,325,000 $83,000 $456,000
Other Purpose 35 $715,000 $20,000 $465,000 $70,000 $295,000
Not Applicable 1 $265,000 $265,000 $265,000 $79,000 $79,000
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
Hispanic 1,468 $332,710,000 $226,000 $915,000 $76,000 $514,000
White 919 $230,575,000 $250,000 $1,835,000 $93,000 $892,000
Not Provided 208 $43,730,000 $210,000 $495,000 $74,000 $346,000
Asian 200 $56,130,000 $280,000 $725,000 $102,000 $702,000
Black or African American 172 $42,160,000 $245,000 $605,000 $83,000 $247,000
Native Hawaiian or Other Pacific Islander 18 $5,420,000 $301,000 $605,000 $91,000 $154,000
American Indian or Alaskan Native 6 $1,890,000 $315,000 $465,000 $439,000 $1,176,000
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) 1,763 $400,595,000 $227,000 $1,835,000 $94,000 $1,176,000
FHA-insured (Federal Housing Administration) 1,022 $250,840,000 $245,000 $665,000 $67,000 $450,000
VA-guaranteed (Veterans Administration) 199 $60,495,000 $303,000 $655,000 $82,000 $295,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 12 $1,930,000 $160,000 $205,000 $53,000 $80,000

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 1,960 $463,800,000 $236,000 $725,000 $83,000 $1,175,000
Application Withdrawn By Applicant 748 $180,810,000 $241,000 $1,835,000 $87,000 $1,176,000
Application Denied By Financial Institution 163 $36,895,000 $226,000 $595,000 $73,000 $495,000
Application Approved But Not Accepted 114 $30,050,000 $263,000 $725,000 $88,000 $344,000
Preapproval Denied by Financial Institution 10 $2,120,000 $212,000 $385,000 $65,000 $117,000
Preapproval Approved but not Accepted 1 $185,000 $185,000 $185,000 $67,000 $67,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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 2,823 $674,845,000 $239,000 $1,835,000 $84,000 $1,176,000
Debt-To-Income Ratio 56 $12,070,000 $215,000 $585,000 $53,000 $215,000
Collateral 38 $6,140,000 $161,000 $425,000 $78,000 $346,000
Credit History 37 $9,075,000 $245,000 $575,000 $93,000 $409,000
Other 25 $7,525,000 $301,000 $595,000 $86,000 $495,000
Unverifiable Information 5 $1,375,000 $275,000 $435,000 $84,000 $160,000
Credit Application Incomplete 4 $1,180,000 $295,000 $405,000 $68,000 $91,000
Employment History 4 $610,000 $152,000 $205,000 $30,000 $42,000
Insufficient Cash (Downpayment, Closing Cost) 4 $1,040,000 $260,000 $465,000 $69,000 $120,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Mission Loans, LLC's 2019 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 Mission Loans, 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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