Residential Home Funding Corp. Mortgage Lending & HMDA Data, 2023

In 2023, Residential Home Funding Corp. of White Plains, NY reported 616 mortgage applications totaling $256.0 million, down 60% from 2022. The average application was for $415,600, and applicants reported an average income of $177,292. 50% of its applications resulted in an originated loan and 7% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (123), Nassau County-Suffolk County, NY (79) and New York-Newark, NY (52) (applications in parentheses).

Mortgage Company & Address Residential Home Funding Corp.
707 Westchester Avenue, Suite 305
White Plains, NY 10604
Tel #: available with data download
Federal Regulator * available with data download
Years 2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  
Total Number of Mortgage Applications 616
Total Mortgage Loan Application Amount $256,010,000
Average Mortgage Loan Application Amount $415,600
Highest Mortgage Loan Application Amount $3,005,000
Average Applicant Income $177,292
Highest Applicant Income $2,400,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Residential Home Funding Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Residential Home Funding Corp. by County in 2023

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Suffolk, New York 44 $ 23,260,000 $ 528,636 $ 185,000
Nassau, New York 35 $ 18,325,000 $ 523,571 $ 328,000
Bergen, New Jersey 27 $ 15,645,000 $ 579,444 $ 185,000
Queens, New York 24 $ 15,010,000 $ 625,416 $ 199,000
Monroe, Pennsylvania 20 $ 5,240,000 $ 262,000 $ 121,000
Ocean, New Jersey 19 $ 4,895,000 $ 257,631 $ 93,000
Westchester, New York 16 $ 9,910,000 $ 619,375 $ 305,000
Middlesex, New Jersey 13 $ 4,985,000 $ 383,461 $ 113,000
Passaic, New Jersey 13 $ 4,305,000 $ 331,153 $ 117,000
Fairfield, Connecticut 12 $ 4,730,000 $ 394,166 $ 105,000
Broward, Florida 12 $ 4,970,000 $ 414,166 $ 171,000
Atlantic, New Jersey 12 $ 3,420,000 $ 285,000 $ 87,000
Kings, New York 10 $ 7,770,000 $ 777,000 $ 372,000
Union, New Jersey 9 $ 4,205,000 $ 467,222 $ 173,000
Bronx, New York 9 $ 4,735,000 $ 526,111 $ 182,000
New Haven, Connecticut 7 $ 2,815,000 $ 402,142 $ 207,000
Duval, Florida 7 $ 2,455,000 $ 350,714 $ 106,000
Bryan, Georgia 7 $ 2,205,000 $ 315,000 $ 114,000
Chatham, Georgia 7 $ 1,855,000 $ 265,000 $ 87,000
Essex, New Jersey 7 $ 3,255,000 $ 465,000 $ 140,000
Monmouth, New Jersey 7 $ 2,745,000 $ 392,142 $ 170,000
Putnam, New York 7 $ 2,625,000 $ 375,000 $ 143,000
Carbon, Pennsylvania 7 $ 1,775,000 $ 253,571 $ 321,000
Palm Beach, Florida 6 $ 2,680,000 $ 446,666 $ 194,000
Burlington, New Jersey 6 $ 1,880,000 $ 313,333 $ 160,000
Hudson, New Jersey 6 $ 3,080,000 $ 513,333 $ 146,000
Morris, New Jersey 6 $ 1,880,000 $ 313,333 $ 109,000
Johnston, North Carolina 6 $ 1,890,000 $ 315,000 $ 169,000
Greenville, South Carolina 6 $ 1,710,000 $ 285,000 $ 366,000
Baltimore, Maryland 5 $ 2,295,000 $ 459,000 $ 603,000
Baltimore City, Maryland 5 $ 695,000 $ 139,000 $ 96,000
Orange, New York 5 $ 2,315,000 $ 463,000 $ 176,000
Rockland, New York 5 $ 2,495,000 $ 499,000 $ 189,000
Philadelphia, Pennsylvania 5 $ 1,795,000 $ 359,000 $ 338,000
Hartford, Connecticut 4 $ 1,360,000 $ 340,000 $ 159,000
Clay, Florida 4 $ 1,410,000 $ 352,500 $ 164,000
Collier, Florida 4 $ 2,910,000 $ 727,500 $ 298,000
Miami-Dade, Florida 4 $ 1,580,000 $ 395,000 $ 155,000
Orange, Florida 4 $ 1,640,000 $ 410,000 $ 143,000
Volusia, Florida 4 $ 1,270,000 $ 317,500 $ 122,000
Anne Arundel, Maryland 4 $ 1,790,000 $ 447,500 $ 155,000
Mercer, New Jersey 4 $ 1,160,000 $ 290,000 $ 115,000
Somerset, New Jersey 4 $ 1,760,000 $ 440,000 $ 160,000
Dutchess, New York 4 $ 1,410,000 $ 352,500 $ 147,000
Richmond, New York 4 $ 2,670,000 $ 667,500 $ 452,000
Bucks, Pennsylvania 4 $ 1,460,000 $ 365,000 $ 151,000
Pike, Pennsylvania 4 $ 840,000 $ 210,000 $ 104,000
El Paso, Colorado 3 $ 1,605,000 $ 535,000 $ 187,000
Litchfield, Connecticut 3 $ 1,255,000 $ 418,333 $ 78,000
Lee, Florida 3 $ 1,055,000 $ 351,666 $ 175,000
Camden, New Jersey 3 $ 795,000 $ 265,000 $ 94,000
Hunterdon, New Jersey 3 $ 1,005,000 $ 335,000 $ 145,000
Hamilton, Ohio 3 $ 505,000 $ 168,333 $ 108,000
Chester, Pennsylvania 3 $ 1,525,000 $ 508,333 $ 122,000
York, South Carolina 3 $ 885,000 $ 295,000 $ 78,000
Montgomery, Tennessee 3 $ 1,205,000 $ 401,666 $ 157,000
Bexar, Texas 3 $ 1,125,000 $ 375,000 $ 99,000
Denton, Texas 3 $ 1,215,000 $ 405,000 $ 99,000
Fairfax, Virginia 3 $ 2,205,000 $ 735,000 $ 237,000
Loudoun, Virginia 3 $ 1,565,000 $ 521,666 $ 139,000
Grays Harbor, Washington 3 $ 585,000 $ 195,000 $ 0
Weld, Colorado 2 $ 1,150,000 $ 575,000 $ 280,000
Okaloosa, Florida 2 $ 870,000 $ 435,000 $ 310,000
Polk, Florida 2 $ 420,000 $ 210,000 $ 148,000
St. Johns, Florida 2 $ 520,000 $ 260,000 $ 162,000
St. Lucie, Florida 2 $ 820,000 $ 410,000 $ 40,000
Bulloch, Georgia 2 $ 480,000 $ 240,000 $ 64,000
Effingham, Georgia 2 $ 560,000 $ 280,000 $ 94,000
Peach, Georgia 2 $ 470,000 $ 235,000 $ 63,000
Macomb, Michigan 2 $ 370,000 $ 185,000 $ 59,000
Gloucester, New Jersey 2 $ 480,000 $ 240,000 $ 78,000
New York, New York 2 $ 1,370,000 $ 685,000 $ 173,000
Saratoga, New York 2 $ 460,000 $ 230,000 $ 108,000
Warren, New York 2 $ 420,000 $ 210,000 $ 89,000
Burke, North Carolina 2 $ 600,000 $ 300,000 $ 62,000
Cabarrus, North Carolina 2 $ 590,000 $ 295,000 $ 130,000
Forsyth, North Carolina 2 $ 710,000 $ 355,000 $ 143,000
Mecklenburg, North Carolina 2 $ 570,000 $ 285,000 $ 110,000
Schuylkill, Pennsylvania 2 $ 580,000 $ 290,000 $ 68,000
Wayne, Pennsylvania 2 $ 350,000 $ 175,000 $ 57,000
Horry, South Carolina 2 $ 530,000 $ 265,000 $ 252,000
Richland, South Carolina 2 $ 390,000 $ 195,000 $ 120,000
Nueces, Texas 2 $ 690,000 $ 345,000 $ 178,000
Refugio, Texas 2 $ 1,120,000 $ 560,000 $ 166,000
Tarrant, Texas 2 $ 1,600,000 $ 800,000 $ 801,000
Travis, Texas 2 $ 700,000 $ 350,000 $ 133,000
Williamson, Texas 2 $ 730,000 $ 365,000 $ 73,000
Alexandria, Virginia 2 $ 970,000 $ 485,000 $ 189,000
Madison, Alabama 1 $ 565,000 $ 565,000 $ 337,000
Arapahoe, Colorado 1 $ 725,000 $ 725,000 $ 347,000
Broomfield, Colorado 1 $ 425,000 $ 425,000 $ 83,000
Alachua, Florida 1 $ 385,000 $ 385,000 $ 142,000
Brevard, Florida 1 $ 405,000 $ 405,000 $ 193,000
Charlotte, Florida 1 $ 125,000 $ 125,000 $ 113,000
Flagler, Florida 1 $ 215,000 $ 215,000 $ 0
Highlands, Florida 1 $ 185,000 $ 185,000 $ 57,000
Hillsborough, Florida 1 $ 535,000 $ 535,000 $ 124,000
Manatee, Florida 1 $ 215,000 $ 215,000 $ 45,000
Marion, Florida 1 $ 115,000 $ 115,000 $ 28,000
Martin, Florida 1 $ 555,000 $ 555,000 $ 556,000
Osceola, Florida 1 $ 425,000 $ 425,000 $ 141,000
Pasco, Florida 1 $ 295,000 $ 295,000 $ 104,000
Pinellas, Florida 1 $ 565,000 $ 565,000 $ 230,000
Sarasota, Florida 1 $ 395,000 $ 395,000 $ 177,000
Columbia, Georgia 1 $ 325,000 $ 325,000 $ 98,000
Evans, Georgia 1 $ 205,000 $ 205,000 $ 56,000
Fayette, Georgia 1 $ 715,000 $ 715,000 $ 218,000
Forsyth, Georgia 1 $ 705,000 $ 705,000 $ 130,000
Franklin, Georgia 1 $ 315,000 $ 315,000 $ 92,000
Glynn, Georgia 1 $ 345,000 $ 345,000 $ 110,000
Gwinnett, Georgia 1 $ 365,000 $ 365,000 $ 135,000
Henry, Georgia 1 $ 295,000 $ 295,000 $ 68,000
Liberty, Georgia 1 $ 185,000 $ 185,000 $ 83,000
Muscogee, Georgia 1 $ 345,000 $ 345,000 $ 114,000
Tattnall, Georgia 1 $ 135,000 $ 135,000 $ 46,000
Frederick, Maryland 1 $ 435,000 $ 435,000 $ 166,000
Harford, Maryland 1 $ 405,000 $ 405,000 $ 41,000
Prince George's, Maryland 1 $ 1,085,000 $ 1,085,000 $ 500,000
Cumberland, New Jersey 1 $ 135,000 $ 135,000 $ 31,000
Sussex, New Jersey 1 $ 195,000 $ 195,000 $ 100,000
Warren, New Jersey 1 $ 305,000 $ 305,000 $ 120,000
Erie, New York 1 $ 95,000 $ 95,000 $ 102,000
Onondaga, New York 1 $ 125,000 $ 125,000 $ 121,000
Sullivan, New York 1 $ 155,000 $ 155,000 $ 400,000
Ulster, New York 1 $ 325,000 $ 325,000 $ 0
Alamance, North Carolina 1 $ 175,000 $ 175,000 $ 49,000
Carteret, North Carolina 1 $ 485,000 $ 485,000 $ 122,000
Catawba, North Carolina 1 $ 235,000 $ 235,000 $ 80,000
Currituck, North Carolina 1 $ 325,000 $ 325,000 $ 0
Guilford, North Carolina 1 $ 395,000 $ 395,000 $ 193,000
Haywood, North Carolina 1 $ 555,000 $ 555,000 $ 153,000
Iredell, North Carolina 1 $ 375,000 $ 375,000 $ 125,000
Lincoln, North Carolina 1 $ 245,000 $ 245,000 $ 52,000
Wake, North Carolina 1 $ 465,000 $ 465,000 $ 166,000
Licking, Ohio 1 $ 215,000 $ 215,000 $ 58,000
Allegheny, Pennsylvania 1 $ 95,000 $ 95,000 $ 36,000
Butler, Pennsylvania 1 $ 255,000 $ 255,000 $ 56,000
Lackawanna, Pennsylvania 1 $ 235,000 $ 235,000 $ 61,000
Montgomery, Pennsylvania 1 $ 285,000 $ 285,000 $ 68,000
Northampton, Pennsylvania 1 $ 185,000 $ 185,000 $ 175,000
Susquehanna, Pennsylvania 1 $ 55,000 $ 55,000 $ 47,000
Anderson, South Carolina 1 $ 5,000 $ 5,000 $ 447,000
Lexington, South Carolina 1 $ 265,000 $ 265,000 $ 0
Oconee, South Carolina 1 $ 155,000 $ 155,000 $ 224,000
Dickson, Tennessee 1 $ 335,000 $ 335,000 $ 118,000
Knox, Tennessee 1 $ 415,000 $ 415,000 $ 134,000
Monroe, Tennessee 1 $ 375,000 $ 375,000 $ 132,000
Rutherford, Tennessee 1 $ 565,000 $ 565,000 $ 124,000
Bell, Texas 1 $ 375,000 $ 375,000 $ 166,000
Brazoria, Texas 1 $ 355,000 $ 355,000 $ 149,000
Collin, Texas 1 $ 575,000 $ 575,000 $ 288,000
Harris, Texas 1 $ 365,000 $ 365,000 $ 149,000
Hays, Texas 1 $ 335,000 $ 335,000 $ 222,000
McLennan, Texas 1 $ 485,000 $ 485,000 $ 138,000
Montgomery, Texas 1 $ 305,000 $ 305,000 $ 107,000
Bedford, Virginia 1 $ 255,000 $ 255,000 $ 55,000
Fluvanna, Virginia 1 $ 235,000 $ 235,000 $ 124,000
Newport News, Virginia 1 $ 115,000 $ 115,000 $ 90,000
Page, Virginia 1 $ 135,000 $ 135,000 $ 92,000
Prince William, Virginia 1 $ 585,000 $ 585,000 $ 196,000
Roanoke City, Virginia 1 $ 105,000 $ 105,000 $ 42,000
Virginia Beach, Virginia 1 $ 515,000 $ 515,000 $ 165,000
Williamsburg, Virginia 1 $ 345,000 $ 345,000 $ 130,000
York, Virginia 1 $ 745,000 $ 745,000 $ 552,000

Mortgage Loan Application Detail Totals for Residential Home Funding Corp. 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 509 $204,585,000 $401,000 $1,715,000 $164,000 $2,400,000
Cash-out Refinancing 88 $43,140,000 $490,000 $3,005,000 $251,000 $2,042,000
Refinancing 19 $8,285,000 $436,000 $1,065,000 $192,000 $527,000
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
White 330 $134,890,000 $408,000 $3,005,000 $177,000 $2,042,000
Hispanic 155 $61,855,000 $399,000 $1,165,000 $152,000 $1,464,000
Black or African American 69 $27,535,000 $399,000 $1,085,000 $192,000 $2,400,000
Asian 50 $26,020,000 $520,000 $1,245,000 $205,000 $1,357,000
Not Provided 10 $4,610,000 $461,000 $725,000 $180,000 $279,000
Native Hawaiian or Other Pacific Islander 1 $345,000 $345,000 $345,000 $130,000 $130,000
Not applicable 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 406 $170,560,000 $420,000 $3,005,000 $202,000 $2,400,000
FHA-insured (Federal Housing Administration) 133 $50,495,000 $379,000 $1,085,000 $116,000 $747,000
VA-guaranteed (Veterans Administration) 75 $34,555,000 $460,000 $885,000 $157,000 $552,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $400,000 $200,000 $265,000 $68,000 $90,000

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 305 $120,565,000 $395,000 $1,685,000 $159,000 $1,357,000
Application Withdrawn By Applicant 231 $98,265,000 $425,000 $3,005,000 $189,000 $2,400,000
Application Denied By Financial Institution 42 $17,750,000 $422,000 $1,085,000 $167,000 $747,000
Application Approved But Not Accepted 29 $14,685,000 $506,000 $1,975,000 $225,000 $1,623,000
File Closed For Incompleteness 9 $4,745,000 $527,000 $1,715,000 $263,000 $637,000
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 574 $238,260,000 $415,000 $3,005,000 $176,000 $2,400,000
Debt-To-Income Ratio 14 $5,680,000 $405,000 $875,000 $119,000 $403,000
Collateral 11 $3,665,000 $333,000 $745,000 $224,000 $447,000
Credit History 9 $4,465,000 $496,000 $1,085,000 $221,000 $747,000
Unverifiable Information 3 $1,385,000 $461,000 $975,000 $155,000 $155,000
Employment History 2 $1,220,000 $610,000 $855,000 $174,000 $260,000
Insufficient Cash (Downpayment, Closing Cost) 2 $1,060,000 $530,000 $615,000 $198,000 $253,000
Other 1 $275,000 $275,000 $275,000 $166,000 $166,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Residential Home Funding Corp.'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 Residential Home Funding Corp.'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.
For a list of all lenders in New York, download the full spreadsheet with aggregated HMDA statistics today.

Download the New York Lender List