Southwest Funding LP Mortgage Lending & HMDA Data, 2011

In 2011, Southwest Funding LP of Dallas, TX reported 521 mortgage applications totaling $86.1 million, down 23% from 2010. The average application was for $165,339, and applicants reported an average income of $75,518. 99% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Dallas-Plano-Irving, TX (110), Houston-Sugar Land-Baytown, TX (60) and San Antonio-New Braunfels, TX (42) (applications in parentheses).

Mortgage Company & Address Southwest Funding LP
13150 Coit Road Ste 100
Dallas, TX 75240
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  
Total Number of Mortgage Applications 521
Total Mortgage Loan Application Amount $86,142,000
Average Mortgage Loan Application Amount $165,339
Highest Mortgage Loan Application Amount $417,000
Average Applicant Income $75,518
Highest Applicant Income $416,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Southwest Funding LP filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Southwest Funding LP by Metropolitan Area in 2011

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Dallas-Plano-Irving, TX 110 $ 20,251,000 $ 184,100 $ 91,000
Houston-Sugar Land-Baytown, TX 60 $ 9,319,000 $ 155,316 $ 76,000
San Antonio-New Braunfels, TX 42 $ 6,474,000 $ 154,142 $ 68,000
Austin-Round Rock-San Marcos, TX 37 $ 7,099,000 $ 191,864 $ 92,000
Lafayette, LA 29 $ 4,826,000 $ 166,413 $ 67,000
El Paso, TX 27 $ 3,881,000 $ 143,740 $ 61,000
Fort Worth-Arlington, TX 27 $ 4,201,000 $ 155,592 $ 75,000
Longview, TX 18 $ 2,694,000 $ 149,666 $ 58,000
Albuquerque, NM 12 $ 2,154,000 $ 179,500 $ 72,000
New Orleans-Metairie-Kenner, LA 12 $ 2,178,000 $ 181,500 $ 88,000
Little Rock-North Little Rock-Conway, AR 10 $ 1,755,000 $ 175,500 $ 82,000
Nashville-Davidson--Murfreesboro--Franklin, TN 8 $ 1,495,000 $ 186,875 $ 97,000
Baton Rouge, LA 7 $ 1,155,000 $ 165,000 $ 78,000
Santa Fe, NM 7 $ 1,609,000 $ 229,857 $ 64,000
Monroe, LA 5 $ 688,000 $ 137,600 $ 43,000
Orlando-Kissimmee-Sanford, FL 5 $ 642,000 $ 128,400 $ 33,000
Waco, TX 5 $ 451,000 $ 90,200 $ 57,000
Birmingham-Hoover, AL 4 $ 838,000 $ 209,500 $ 62,000
Gary, IN 4 $ 594,000 $ 148,500 $ 79,000
Oklahoma City, OK 4 $ 398,000 $ 99,500 $ 38,000
Tuscaloosa, AL 4 $ 607,000 $ 151,750 $ 64,000
Corpus Christi, TX 3 $ 389,000 $ 129,666 $ 52,000
Fayetteville-Springdale-Rogers, AR-MO 3 $ 563,000 $ 187,666 $ 86,000
Huntsville, AL 3 $ 692,000 $ 230,666 $ 48,000
Killeen-Temple-Fort Hood, TX 3 $ 605,000 $ 201,666 $ 96,000
Memphis, TN-MS-AR 3 $ 331,000 $ 110,333 $ 44,666
Michigan City-La Porte, IN 3 $ 227,000 $ 75,666 $ 28,000
Cape Coral-Fort Myers, FL 2 $ 217,000 $ 108,500 $ 50,000
Detroit-Livonia-Dearborn, MI 2 $ 154,000 $ 77,000 $ 47,000
Indianapolis-Carmel, IN 2 $ 342,000 $ 171,000 $ 98,000
McAllen-Edinburg-Mission, TX 2 $ 206,000 $ 103,000 $ 62,000
Warren-Troy-Farmington Hills, MI 2 $ 282,000 $ 141,000 $ 76,000
Amarillo, TX 1 $ 264,000 $ 264,000 $ 116,000
College Station-Bryan, TX 1 $ 408,000 $ 408,000 $ 100,000
Fort Wayne, IN 1 $ 158,000 $ 158,000 $ 68,000
Houma-Bayou Cane-Thibodaux, LA 1 $ 349,000 $ 349,000 $ 100,000
Jackson, MS 1 $ 219,000 $ 219,000 $ 70,000
Knoxville, TN 1 $ 125,000 $ 125,000 $ 38,000
Lakeland-Winter Haven, FL 1 $ 69,000 $ 69,000 $ 39,000
Lawton, OK 1 $ 136,000 $ 136,000 $ 0
Midland, TX 1 $ 138,000 $ 138,000 $ 96,000
Mobile, AL 1 $ 95,000 $ 95,000 $ 42,000
Montgomery, AL 1 $ 158,000 $ 158,000 $ 60,000
Tampa-St. Petersburg-Clearwater, FL 1 $ 284,000 $ 284,000 $ 155,000
Tyler, TX 1 $ 77,000 $ 77,000 $ 55,000

Mortgage Loan Application Detail Totals for Southwest Funding LP in 2011

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 386 $62,655,000 $162,000 $417,000 $75,000 $416,000
Refinancing 135 $23,487,000 $173,000 $417,000 $77,000 $280,000
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 291 $49,576,000 $170,000 $417,000 $80,000 $355,000
Hispanic 118 $15,568,000 $131,000 $374,000 $55,000 $171,000
Black or African American 56 $9,443,000 $168,000 $417,000 $71,000 $180,000
Not Provided 39 $8,394,000 $215,000 $415,000 $103,000 $280,000
Asian 16 $2,957,000 $184,000 $381,000 $93,000 $416,000
Native Hawaiian or Other Pacific Islander 1 $204,000 $204,000 $204,000 $88,000 $88,000
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
FHA-insured (Federal Housing Administration) 277 $40,773,000 $147,000 $374,000 $66,000 $416,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 162 $31,281,000 $193,000 $417,000 $96,000 $355,000
VA-guaranteed (Veterans Administration) 49 $9,905,000 $202,000 $408,000 $78,000 $207,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 33 $4,183,000 $126,000 $254,000 $47,000 $86,000

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 518 $85,446,000 $164,000 $417,000 $75,000 $416,000
Application Withdrawn By Applicant 2 $597,000 $298,000 $350,000 $141,000 $163,000
Application Approved But Not Accepted 1 $99,000 $99,000 $99,000 $61,000 $61,000
Application Denied By Financial Institution 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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 Southwest Funding LP's 2011 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 Southwest Funding LP'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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