Resource Lenders Inc Mortgage Lending & HMDA Data, 2012
In 2012, Resource Lenders Inc of Fresno, CA reported 3,182 mortgage applications totaling $659.4 million, up 14% from 2011. The average application was for $207,215, and applicants reported an average income of $86,649. 82% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Fresno, CA (1,477), San Luis Obispo-Paso Robles, CA (436) and Santa Barbara-Santa Maria-Goleta, CA (325) (applications in parentheses).
| Mortgage Company & Address | Resource Lenders Inc 7330 N. Palm Ave Ste 106 Fresno, CA 93711 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,182 |
| Total Mortgage Loan Application Amount | $659,359,000 |
| Average Mortgage Loan Application Amount | $207,215 |
| Highest Mortgage Loan Application Amount | $985,000 |
| Average Applicant Income | $86,649 |
| Highest Applicant Income | $2,509,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Resource Lenders Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fresno, CA | 1,477 | $ 276,622,000 | $ 187,286 | $ 87,000 |
| San Luis Obispo-Paso Robles, CA | 436 | $ 130,828,000 | $ 300,064 | $ 97,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 325 | $ 70,172,000 | $ 215,913 | $ 69,000 |
| Bakersfield-Delano, CA | 305 | $ 52,383,000 | $ 171,747 | $ 76,000 |
| Visalia-Porterville, CA | 172 | $ 31,303,000 | $ 181,994 | $ 77,000 |
| Madera-Chowchilla, CA | 163 | $ 26,622,000 | $ 163,325 | $ 75,000 |
| Hanford-Corcoran, CA | 51 | $ 8,314,000 | $ 163,019 | $ 69,000 |
| Reno-Sparks, NV | 39 | $ 8,405,000 | $ 215,512 | $ 127,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 29 | $ 6,920,000 | $ 238,620 | $ 195,000 |
| Merced, CA | 27 | $ 3,508,000 | $ 129,925 | $ 45,000 |
| Los Angeles-Long Beach-Glendale, CA | 23 | $ 6,920,000 | $ 300,869 | $ 89,000 |
| San Diego-Carlsbad-San Marcos, CA | 17 | $ 5,449,000 | $ 320,529 | $ 101,000 |
| Oakland-Fremont-Hayward, CA | 11 | $ 3,481,000 | $ 316,454 | $ 100,000 |
| Riverside-San Bernardino-Ontario, CA | 9 | $ 2,240,000 | $ 248,888 | $ 95,000 |
| Salinas, CA | 9 | $ 2,838,000 | $ 315,333 | $ 227,000 |
| Santa Ana-Anaheim-Irvine, CA | 9 | $ 3,028,000 | $ 336,444 | $ 85,000 |
| Modesto, CA | 8 | $ 1,510,000 | $ 188,750 | $ 44,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 7 | $ 1,832,000 | $ 261,714 | $ 128,000 |
| Carson City, NV | 5 | $ 873,000 | $ 174,600 | $ 61,000 |
| San Francisco-San Mateo-Redwood City, CA | 4 | $ 1,751,000 | $ 437,750 | $ 182,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 4 | $ 1,271,000 | $ 317,750 | $ 127,000 |
| Santa Cruz-Watsonville, CA | 4 | $ 1,564,000 | $ 391,000 | $ 222,000 |
| Santa Rosa-Petaluma, CA | 4 | $ 1,081,000 | $ 270,250 | $ 43,000 |
| Stockton, CA | 3 | $ 760,000 | $ 253,333 | $ 204,000 |
| Vallejo-Fairfield, CA | 2 | $ 597,000 | $ 298,500 | $ 75,000 |
| Chico, CA | 1 | $ 248,000 | $ 248,000 | $ 61,000 |
| Las Vegas-Paradise, NV | 1 | $ 186,000 | $ 186,000 | $ 44,000 |
| Yuba City, CA | 1 | $ 165,000 | $ 165,000 | $ 39,000 |
Mortgage Loan Application Detail Totals for Resource Lenders Inc in 2012
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 | 2,068 | $399,648,000 | $193,000 | $739,000 | $87,000 | $2,509,000 |
| Refinancing | 1,114 | $259,711,000 | $233,000 | $985,000 | $86,000 | $1,453,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 2,295 | $502,492,000 | $218,000 | $985,000 | $94,000 | $2,509,000 |
| Hispanic | 604 | $98,317,000 | $162,000 | $520,000 | $51,000 | $256,000 |
| Asian | 117 | $24,029,000 | $205,000 | $650,000 | $109,000 | $655,000 |
| Not Provided | 101 | $21,841,000 | $216,000 | $482,000 | $116,000 | $511,000 |
| Black or African American | 38 | $6,694,000 | $176,000 | $407,000 | $54,000 | $252,000 |
| Native Hawaiian or Other Pacific Islander | 16 | $3,868,000 | $241,000 | $377,000 | $85,000 | $326,000 |
| American Indian or Alaskan Native | 10 | $2,037,000 | $203,000 | $274,000 | $91,000 | $209,000 |
| Not applicable | 1 | $81,000 | $81,000 | $81,000 | $39,000 | $39,000 |
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) | 1,738 | $381,085,000 | $219,000 | $985,000 | $115,000 | $2,509,000 |
| FHA-insured (Federal Housing Administration) | 1,162 | $216,900,000 | $186,000 | $689,000 | $50,000 | $655,000 |
| VA-guaranteed (Veterans Administration) | 191 | $45,653,000 | $239,000 | $480,000 | $75,000 | $206,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 91 | $15,721,000 | $172,000 | $378,000 | $47,000 | $85,000 |
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 | 2,622 | $536,086,000 | $204,000 | $739,000 | $85,000 | $2,509,000 |
| Application Withdrawn By Applicant | 455 | $99,471,000 | $218,000 | $985,000 | $97,000 | $1,420,000 |
| Application Denied By Financial Institution | 88 | $20,269,000 | $230,000 | $482,000 | $82,000 | $343,000 |
| Application Approved But Not Accepted | 12 | $2,363,000 | $196,000 | $333,000 | $64,000 | $119,000 |
| File Closed For Incompleteness | 5 | $1,170,000 | $234,000 | $500,000 | $78,000 | $144,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 22 | $4,968,000 | $225,000 | $445,000 | $86,000 | $204,000 |
| Debt-To-Income Ratio | 21 | $5,410,000 | $257,000 | $482,000 | $78,000 | $152,000 |
| Collateral | 15 | $3,224,000 | $214,000 | $416,000 | $95,000 | $211,000 |
| Credit History | 14 | $2,978,000 | $212,000 | $334,000 | $64,000 | $166,000 |
| Unverifiable Information | 4 | $857,000 | $214,000 | $340,000 | $84,000 | $198,000 |
| Employment History | 2 | $536,000 | $268,000 | $320,000 | $75,000 | $97,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $517,000 | $258,000 | $291,000 | $90,000 | $103,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Resource Lenders Inc's 2012 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 Resource Lenders 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 California, download the full spreadsheet
with aggregated HMDA statistics today.
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