Shenandoah Mortgage, LLC Mortgage Lending & HMDA Data, 2008
In 2008, Shenandoah Mortgage, LLC of Miamisburg, OH reported 416 mortgage applications totaling $80.9 million, about the same as 2007. The average application was for $194,379, and applicants reported an average income of $61,189. 67% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Hagerstown-Martinsburg, MD-WV (273), Washington-Arlington-Alexandria, DC-VA-MD-WV (91) and Winchester, VA-WV (11) (applications in parentheses).
| Mortgage Company & Address | Shenandoah Mortgage, LLC 3232 Newmark Drive Miamisburg, OH 45352 |
| Federal Regulator | * available with data download |
| Years | 2008 2007 |
| Total Number of Mortgage Applications | 416 |
| Total Mortgage Loan Application Amount | $80,862,000 |
| Average Mortgage Loan Application Amount | $194,379 |
| Highest Mortgage Loan Application Amount | $548,000 |
| Average Applicant Income | $61,189 |
| Highest Applicant Income | $420,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Shenandoah Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Shenandoah Mortgage, LLC in 2008
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 | 226 | $46,769,000 | $206,000 | $443,000 | $56,000 | $182,000 |
| Home Purchase | 187 | $33,395,000 | $178,000 | $548,000 | $67,000 | $420,000 |
| Home Improvement | 3 | $698,000 | $232,000 | $293,000 | $90,000 | $116,000 |
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 | 349 | $66,647,000 | $190,000 | $443,000 | $62,000 | $420,000 |
| Black or African American | 35 | $7,213,000 | $206,000 | $548,000 | $52,000 | $130,000 |
| Hispanic | 14 | $2,845,000 | $203,000 | $344,000 | $61,000 | $181,000 |
| Asian | 8 | $1,591,000 | $198,000 | $290,000 | $92,000 | $182,000 |
| Not Provided | 7 | $1,786,000 | $255,000 | $335,000 | $58,000 | $111,000 |
| American Indian or Alaskan Native | 2 | $630,000 | $315,000 | $367,000 | $86,000 | $89,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $150,000 | $150,000 | $150,000 | $30,000 | $30,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 183 | $36,373,000 | $198,000 | $548,000 | $54,000 | $193,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 140 | $26,660,000 | $190,000 | $417,000 | $83,000 | $420,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 48 | $7,914,000 | $164,000 | $267,000 | $48,000 | $78,000 |
| VA-guaranteed (Veterans Administration) | 45 | $9,915,000 | $220,000 | $384,000 | $38,000 | $158,000 |
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 | 278 | $53,525,000 | $192,000 | $443,000 | $59,000 | $420,000 |
| Application Withdrawn By Applicant | 81 | $15,767,000 | $194,000 | $548,000 | $69,000 | $176,000 |
| Application Denied By Financial Institution | 34 | $7,167,000 | $210,000 | $405,000 | $63,000 | $155,000 |
| Preapproval Denied by Financial Institution | 14 | $2,264,000 | $161,000 | $295,000 | $43,000 | $81,000 |
| Application Approved But Not Accepted | 8 | $1,880,000 | $235,000 | $313,000 | $89,000 | $126,000 |
| File Closed For Incompleteness | 1 | $259,000 | $259,000 | $259,000 | $48,000 | $48,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 22 | $3,915,000 | $177,000 | $367,000 | $58,000 | $155,000 |
| Debt-To-Income Ratio | 9 | $1,425,000 | $158,000 | $335,000 | $39,000 | $70,000 |
| Credit Application Incomplete | 8 | $1,616,000 | $202,000 | $295,000 | $59,000 | $100,000 |
| Collateral | 5 | $1,521,000 | $304,000 | $405,000 | $70,000 | $124,000 |
| Other | 3 | $571,000 | $190,000 | $223,000 | $58,000 | $70,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $383,000 | $383,000 | $383,000 | $113,000 | $113,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Shenandoah Mortgage, LLC's 2008 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 Shenandoah Mortgage, 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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