Sara Mortgage & Financial LLC Mortgage Lending & HMDA Data, 2007

In 2007, Sara Mortgage & Financial LLC of Hollis, NH reported 407 mortgage applications totaling $109.7 million, up 34% from 2006. The average application was for $269,631, and applicants reported an average income of $84,968. 0% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Manchester-Nashua, NH (97), Rockingham County-Strafford County, NH (70) and Cambridge-Newton-Framingham, MA (45) (applications in parentheses).

Mortgage Company & Address Sara Mortgage & Financial LLC
5 Martket Place
Hollis, NH 03049
Tel #: available with data download
Federal Regulator * available with data download
Years 2007  2006  2005  
Total Number of Mortgage Applications 407
Total Mortgage Loan Application Amount $109,740,000
Average Mortgage Loan Application Amount $269,631
Highest Mortgage Loan Application Amount $1,470,000
Average Applicant Income $84,968
Highest Applicant Income $540,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sara Mortgage & Financial LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Sara Mortgage & Financial LLC in 2007

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
Refinancing 394 $105,730,000 $268,000 $1,470,000 $85,000 $540,000
Home Purchase 13 $4,010,000 $308,000 $790,000 $84,000 $180,000
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 317 $83,736,000 $264,000 $1,470,000 $86,000 $540,000
Not Provided 79 $22,629,000 $286,000 $818,000 $82,000 $240,000
Hispanic 5 $1,598,000 $319,000 $498,000 $69,000 $129,000
Black or African American 4 $1,289,000 $322,000 $725,000 $97,000 $126,000
Asian 2 $488,000 $244,000 $288,000 $78,000 $85,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
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) 405 $109,353,000 $270,000 $1,470,000 $85,000 $540,000
FHA-insured (Federal Housing Administration) 2 $387,000 $193,000 $207,000 $68,000 $95,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0

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 405 $109,395,000 $270,000 $1,470,000 $85,000 $540,000
File Closed For Incompleteness 1 $120,000 $120,000 $120,000 $51,000 $51,000
Application Denied By Financial Institution 1 $225,000 $225,000 $225,000 $90,000 $90,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Loan Originated 0 $0 $0 $0 $0 $0
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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Sara Mortgage & Financial LLC's 2007 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 Sara Mortgage & Financial 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.
For a list of all lenders in New Hampshire, download the full spreadsheet with aggregated HMDA statistics today.

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