Residential Mortgage Services, Inc. Mortgage Lending & HMDA Data, 2022
In 2022, Residential Mortgage Services, Inc. of South Portland, ME reported 306 mortgage applications totaling $122.8 million, down 99% from 2021. The average application was for $401,307, and applicants reported an average income of $136,679. 28% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Portland-South Portland, ME (44), Salisbury, MD-DE (31) and York-Hanover, PA (28) (applications in parentheses).
| Mortgage Company & Address | Residential Mortgage Services, Inc. 24 Christopher Toppi Drive South Portland, ME 04106 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 306 |
| Total Mortgage Loan Application Amount | $122,800,000 |
| Average Mortgage Loan Application Amount | $401,307 |
| Highest Mortgage Loan Application Amount | $1,505,000 |
| Average Applicant Income | $136,679 |
| Highest Applicant Income | $546,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Residential Mortgage Services, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Sussex, Delaware | 31 | $ 12,205,000 | $ 393,709 | $ 166,000 |
| Cumberland, Maine | 31 | $ 12,165,000 | $ 392,419 | $ 122,000 |
| York, Pennsylvania | 28 | $ 12,210,000 | $ 436,071 | $ 149,000 |
| Lancaster, Pennsylvania | 27 | $ 13,245,000 | $ 490,555 | $ 163,000 |
| Cumberland, Pennsylvania | 17 | $ 7,655,000 | $ 450,294 | $ 138,000 |
| Hillsborough, New Hampshire | 14 | $ 5,780,000 | $ 412,857 | $ 177,000 |
| York, Maine | 12 | $ 4,200,000 | $ 350,000 | $ 96,000 |
| Androscoggin, Maine | 11 | $ 3,535,000 | $ 321,363 | $ 94,000 |
| Cecil, Maryland | 10 | $ 4,390,000 | $ 439,000 | $ 133,000 |
| Bristol, Massachusetts | 10 | $ 3,300,000 | $ 330,000 | $ 125,000 |
| Worcester, Massachusetts | 9 | $ 2,945,000 | $ 327,222 | $ 119,000 |
| Middlesex, Massachusetts | 8 | $ 3,890,000 | $ 486,250 | $ 136,000 |
| Merrimack, New Hampshire | 6 | $ 1,990,000 | $ 331,666 | $ 135,000 |
| Dauphin, Pennsylvania | 6 | $ 2,770,000 | $ 461,666 | $ 151,000 |
| Oxford, Maine | 5 | $ 1,365,000 | $ 273,000 | $ 92,000 |
| Frederick, Maryland | 5 | $ 2,215,000 | $ 443,000 | $ 100,000 |
| Rockingham, New Hampshire | 5 | $ 2,705,000 | $ 541,000 | $ 263,000 |
| Providence, Rhode Island | 5 | $ 1,985,000 | $ 397,000 | $ 108,000 |
| Kent, Delaware | 4 | $ 1,450,000 | $ 362,500 | $ 94,000 |
| Norfolk, Massachusetts | 4 | $ 1,560,000 | $ 390,000 | $ 149,000 |
| Lebanon, Pennsylvania | 4 | $ 1,790,000 | $ 447,500 | $ 139,000 |
| New Castle, Delaware | 3 | $ 1,085,000 | $ 361,666 | $ 92,000 |
| Kennebec, Maine | 3 | $ 655,000 | $ 218,333 | $ 74,000 |
| Hampden, Massachusetts | 3 | $ 495,000 | $ 165,000 | $ 69,000 |
| Plymouth, Massachusetts | 3 | $ 1,375,000 | $ 458,333 | $ 162,000 |
| Berks, Pennsylvania | 3 | $ 1,335,000 | $ 445,000 | $ 156,000 |
| Hartford, Connecticut | 2 | $ 730,000 | $ 365,000 | $ 169,000 |
| Suffolk, Massachusetts | 2 | $ 1,750,000 | $ 875,000 | $ 206,000 |
| Carroll, New Hampshire | 2 | $ 810,000 | $ 405,000 | $ 119,000 |
| Strafford, New Hampshire | 2 | $ 500,000 | $ 250,000 | $ 121,000 |
| Adams, Pennsylvania | 2 | $ 580,000 | $ 290,000 | $ 113,000 |
| Chester, Pennsylvania | 2 | $ 740,000 | $ 370,000 | $ 125,000 |
| Berkeley, West Virginia | 2 | $ 420,000 | $ 210,000 | $ 59,000 |
| Lee, Florida | 1 | $ 155,000 | $ 155,000 | $ 51,000 |
| Pasco, Florida | 1 | $ 455,000 | $ 455,000 | $ 150,000 |
| Franklin, Maine | 1 | $ 65,000 | $ 65,000 | $ 55,000 |
| Knox, Maine | 1 | $ 255,000 | $ 255,000 | $ 83,000 |
| Penobscot, Maine | 1 | $ 325,000 | $ 325,000 | $ 78,000 |
| Sagadahoc, Maine | 1 | $ 105,000 | $ 105,000 | $ 35,000 |
| Somerset, Maine | 1 | $ 115,000 | $ 115,000 | $ 46,000 |
| Baltimore, Maryland | 1 | $ 255,000 | $ 255,000 | $ 223,000 |
| Harford, Maryland | 1 | $ 555,000 | $ 555,000 | $ 118,000 |
| Barnstable, Massachusetts | 1 | $ 595,000 | $ 595,000 | $ 126,000 |
| Essex, Massachusetts | 1 | $ 435,000 | $ 435,000 | $ 54,000 |
| Franklin, Massachusetts | 1 | $ 495,000 | $ 495,000 | $ 0 |
| Belknap, New Hampshire | 1 | $ 495,000 | $ 495,000 | $ 214,000 |
| Grafton, New Hampshire | 1 | $ 505,000 | $ 505,000 | $ 264,000 |
| Monmouth, New Jersey | 1 | $ 455,000 | $ 455,000 | $ 126,000 |
| Iredell, North Carolina | 1 | $ 315,000 | $ 315,000 | $ 157,000 |
| Onslow, North Carolina | 1 | $ 285,000 | $ 285,000 | $ 442,000 |
| Luzerne, Pennsylvania | 1 | $ 445,000 | $ 445,000 | $ 110,000 |
| Montgomery, Pennsylvania | 1 | $ 485,000 | $ 485,000 | $ 114,000 |
| Schuylkill, Pennsylvania | 1 | $ 175,000 | $ 175,000 | $ 38,000 |
| Wyoming, Pennsylvania | 1 | $ 95,000 | $ 95,000 | $ 47,000 |
| Washington, Rhode Island | 1 | $ 1,505,000 | $ 1,505,000 | $ 377,000 |
| Jefferson, Tennessee | 1 | $ 185,000 | $ 185,000 | $ 160,000 |
| Windham, Vermont | 1 | $ 165,000 | $ 165,000 | $ 48,000 |
| Fluvanna, Virginia | 1 | $ 55,000 | $ 55,000 | $ 53,000 |
Mortgage Loan Application Detail Totals for Residential Mortgage Services, Inc. in 2022
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 | 269 | $111,745,000 | $415,000 | $1,505,000 | $141,000 | $546,000 |
| Refinancing | 20 | $6,480,000 | $324,000 | $855,000 | $114,000 | $287,000 |
| Cash-out Refinancing | 17 | $4,575,000 | $269,000 | $495,000 | $95,000 | $220,000 |
| 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 | 192 | $73,910,000 | $384,000 | $1,505,000 | $138,000 | $546,000 |
| Not Provided | 53 | $22,245,000 | $419,000 | $855,000 | $131,000 | $311,000 |
| Asian | 26 | $10,850,000 | $417,000 | $605,000 | $136,000 | $387,000 |
| Black or African American | 16 | $7,260,000 | $453,000 | $775,000 | $142,000 | $250,000 |
| Hispanic | 13 | $5,425,000 | $417,000 | $645,000 | $117,000 | $296,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 291 | $118,335,000 | $406,000 | $1,505,000 | $141,000 | $546,000 |
| FHA-insured (Federal Housing Administration) | 11 | $3,255,000 | $295,000 | $855,000 | $72,000 | $151,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $330,000 | $165,000 | $215,000 | $64,000 | $83,000 |
| VA-guaranteed (Veterans Administration) | 2 | $880,000 | $440,000 | $585,000 | $75,000 | $83,000 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 216 | $90,140,000 | $417,000 | $895,000 | $144,000 | $546,000 |
| Loan Originated | 86 | $31,630,000 | $367,000 | $1,505,000 | $122,000 | $442,000 |
| File Closed For Incompleteness | 2 | $500,000 | $250,000 | $255,000 | $187,000 | $223,000 |
| Application Approved But Not Accepted | 1 | $295,000 | $295,000 | $295,000 | $75,000 | $75,000 |
| Application Denied By Financial Institution | 1 | $235,000 | $235,000 | $235,000 | $62,000 | $62,000 |
| 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 | 305 | $122,565,000 | $401,000 | $1,505,000 | $138,000 | $546,000 |
| Credit Application Incomplete | 1 | $235,000 | $235,000 | $235,000 | $62,000 | $62,000 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Residential Mortgage Services, Inc.'s 2022 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 Mortgage Services, Inc.'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 Maine, download the full spreadsheet
with aggregated HMDA statistics today.
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