Southwest Funding LP Mortgage Lending & HMDA Data, 2024
In 2024, Southwest Funding LP of Dallas, TX reported 3,265 mortgage applications totaling $830.0 million, up 15% from 2023. The average application was for $254,206, and applicants reported an average income of $113,758. 66% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Dallas-Plano-Irving, TX (348), San Antonio-New Braunfels, TX (194) and Fort Worth-Arlington, TX (165) (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 | 3,265 |
| Total Mortgage Loan Application Amount | $829,985,000 |
| Average Mortgage Loan Application Amount | $254,206 |
| Highest Mortgage Loan Application Amount | $1,505,000 |
| Average Applicant Income | $113,758 |
| Highest Applicant Income | $4,173,000 |
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Act (HMDA) records Southwest Funding LP filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 447 | $ 95,355,000 | $ 213,322 | $ 105,017 |
| Dallas-Plano-Irving, TX | 348 | $ 106,270,000 | $ 305,373 | $ 119,000 |
| San Antonio-New Braunfels, TX | 194 | $ 62,330,000 | $ 321,288 | $ 194,000 |
| Fort Worth-Arlington, TX | 165 | $ 53,165,000 | $ 322,212 | $ 113,000 |
| Houston-The Woodlands-Sugar Land, TX | 137 | $ 43,375,000 | $ 316,605 | $ 145,000 |
| Clarksville, TN-KY | 122 | $ 35,490,000 | $ 290,901 | $ 101,098 |
| Denver-Aurora-Lakewood, CO | 119 | $ 32,755,000 | $ 275,252 | $ 110,000 |
| New Orleans-Metairie, LA | 118 | $ 25,700,000 | $ 217,796 | $ 86,000 |
| Oklahoma City, OK | 113 | $ 25,345,000 | $ 224,292 | $ 113,000 |
| Memphis, TN-MS-AR | 100 | $ 25,360,000 | $ 253,600 | $ 80,960 |
| Austin-Round Rock, TX | 87 | $ 27,075,000 | $ 311,206 | $ 114,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 74 | $ 25,580,000 | $ 345,675 | $ 110,000 |
| McAllen-Edinburg-Mission, TX | 73 | $ 14,475,000 | $ 198,287 | $ 88,000 |
| Beaumont-Port Arthur, TX | 63 | $ 11,195,000 | $ 177,698 | $ 79,000 |
| Indianapolis-Carmel-Anderson, IN | 57 | $ 13,105,000 | $ 229,912 | $ 85,000 |
| Brownsville-Harlingen, TX | 50 | $ 10,810,000 | $ 216,200 | $ 86,000 |
| Baton Rouge, LA | 49 | $ 8,945,000 | $ 182,551 | $ 93,000 |
| Longview, TX | 45 | $ 11,045,000 | $ 245,444 | $ 98,000 |
| El Paso, TX | 42 | $ 7,950,000 | $ 189,285 | $ 90,000 |
| Tuscaloosa, AL | 42 | $ 8,580,000 | $ 204,285 | $ 77,000 |
| Florence-Muscle Shoals, AL | 41 | $ 7,705,000 | $ 187,926 | $ 89,000 |
| Laredo, TX | 41 | $ 10,885,000 | $ 265,487 | $ 106,000 |
| Detroit-Dearborn-Livonia, MI | 34 | $ 4,120,000 | $ 121,176 | $ 84,000 |
| St. Louis, MO-IL | 34 | $ 5,460,000 | $ 160,588 | $ 59,000 |
| Houma-Thibodaux, LA | 33 | $ 5,625,000 | $ 170,454 | $ 72,000 |
| Birmingham-Hoover, AL | 32 | $ 7,430,000 | $ 232,187 | $ 95,000 |
| Louisville/Jefferson County, KY-IN | 30 | $ 9,180,000 | $ 306,000 | $ 109,700 |
| Dothan, AL | 29 | $ 8,075,000 | $ 278,448 | $ 103,000 |
| Anniston-Oxford-Jacksonville, AL | 27 | $ 5,085,000 | $ 188,333 | $ 66,000 |
| Lafayette, LA | 26 | $ 4,940,000 | $ 190,000 | $ 79,000 |
| Spartanburg, SC | 26 | $ 5,190,000 | $ 199,615 | $ 92,000 |
| Greenville-Anderson-Mauldin, SC | 25 | $ 4,565,000 | $ 182,600 | $ 66,000 |
| Cleveland, OH | 22 | $ 3,580,000 | $ 162,727 | $ 74,000 |
| Albuquerque, NM | 20 | $ 6,780,000 | $ 339,000 | $ 135,000 |
| Phoenix-Mesa-Scottsdale, AZ | 18 | $ 6,800,000 | $ 377,777 | $ 95,000 |
| Huntsville, AL | 16 | $ 3,860,000 | $ 241,250 | $ 91,000 |
| Killeen-Temple, TX | 16 | $ 3,080,000 | $ 192,500 | $ 103,000 |
| Saginaw, MI | 16 | $ 2,000,000 | $ 125,000 | $ 93,000 |
| Tulsa, OK | 15 | $ 2,715,000 | $ 181,000 | $ 89,000 |
| Knoxville, TN | 13 | $ 3,335,000 | $ 256,538 | $ 94,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 13 | $ 6,265,000 | $ 481,923 | $ 119,000 |
| Warren-Troy-Farmington Hills, MI | 12 | $ 3,120,000 | $ 260,000 | $ 220,000 |
| Gainesville, FL | 11 | $ 2,685,000 | $ 244,090 | $ 85,000 |
| Greeley, CO | 11 | $ 4,545,000 | $ 413,181 | $ 137,000 |
| Springfield, OH | 11 | $ 1,455,000 | $ 132,272 | $ 76,000 |
| Columbia, SC | 10 | $ 2,320,000 | $ 232,000 | $ 74,000 |
| Gadsden, AL | 9 | $ 1,785,000 | $ 198,333 | $ 74,000 |
| Slidell-Mandeville-Covington, LA | 9 | $ 1,885,000 | $ 209,444 | $ 79,000 |
| Dayton-Springfield-Kettering, OH | 8 | $ 1,300,000 | $ 162,500 | $ 88,000 |
| Flint, MI | 8 | $ 920,000 | $ 115,000 | $ 64,000 |
| Fort Wayne, IN | 6 | $ 910,000 | $ 151,666 | $ 80,000 |
| Shreveport-Bossier City, LA | 6 | $ 1,650,000 | $ 275,000 | $ 101,000 |
| South Bend-Mishawaka, IN-MI | 6 | $ 1,050,000 | $ 175,000 | $ 88,500 |
| Tampa, FL | 6 | $ 1,800,000 | $ 300,000 | $ 383,000 |
| Tyler, TX | 6 | $ 1,700,000 | $ 283,333 | $ 105,000 |
| Chicago-Naperville, IL | 5 | $ 915,000 | $ 183,000 | $ 103,000 |
| Cincinnati, OH-KY-IN | 5 | $ 1,115,000 | $ 223,000 | $ 103,000 |
| Colorado Springs, CO | 5 | $ 1,855,000 | $ 371,000 | $ 111,000 |
| Everett, WA | 5 | $ 2,285,000 | $ 457,000 | $ 190,000 |
| Hammond, LA | 5 | $ 1,195,000 | $ 239,000 | $ 95,000 |
| Kennewick-Richland, WA | 5 | $ 1,635,000 | $ 327,000 | $ 105,000 |
| Lansing-East Lansing, MI | 5 | $ 515,000 | $ 103,000 | $ 71,000 |
| Lubbock, TX | 5 | $ 705,000 | $ 141,000 | $ 678,000 |
| Mobile, AL | 5 | $ 955,000 | $ 191,000 | $ 80,000 |
| Montgomery, AL | 5 | $ 765,000 | $ 153,000 | $ 106,000 |
| Pittsburgh, PA | 5 | $ 805,000 | $ 161,000 | $ 71,000 |
| Sherman-Denison, TX | 5 | $ 1,235,000 | $ 247,000 | $ 98,000 |
| College Station-Bryan, TX | 4 | $ 850,000 | $ 212,500 | $ 86,000 |
| Florence, SC | 4 | $ 760,000 | $ 190,000 | $ 55,000 |
| Midland, TX | 4 | $ 830,000 | $ 207,500 | $ 77,000 |
| Orlando-Kissimmee-Sanford, FL | 4 | $ 1,430,000 | $ 357,500 | $ 124,000 |
| Atlanta-Sandy Springs-Roswell, GA | 3 | $ 1,565,000 | $ 521,666 | $ 200,000 |
| Augusta-Richmond County, GA-SC | 3 | $ 495,000 | $ 165,000 | $ 110,000 |
| Corpus Christi, TX | 3 | $ 765,000 | $ 255,000 | $ 110,000 |
| Grand Rapids-Wyoming, MI | 3 | $ 745,000 | $ 248,333 | $ 106,000 |
| Jackson, MS | 3 | $ 635,000 | $ 211,666 | $ 98,000 |
| Jackson, TN | 3 | $ 345,000 | $ 115,000 | $ 56,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 465,000 | $ 155,000 | $ 62,000 |
| Lawton, OK | 3 | $ 645,000 | $ 215,000 | $ 80,000 |
| Midland, MI | 3 | $ 395,000 | $ 131,666 | $ 131,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 3 | $ 405,000 | $ 135,000 | $ 88,000 |
| Savannah, GA | 3 | $ 325,000 | $ 108,333 | $ 44,000 |
| Abilene, TX | 2 | $ 490,000 | $ 245,000 | $ 82,000 |
| Amarillo, TX | 2 | $ 450,000 | $ 225,000 | $ 164,000 |
| Bowling Green, KY | 2 | $ 190,000 | $ 95,000 | $ 60,000 |
| Columbus, GA-AL | 2 | $ 170,000 | $ 85,000 | $ 73,000 |
| Kokomo, IN | 2 | $ 170,000 | $ 85,000 | $ 37,000 |
| Lake County-Porter County-Jasper County, IN | 2 | $ 450,000 | $ 225,000 | $ 74,000 |
| Marietta, GA | 2 | $ 250,000 | $ 125,000 | $ 36,000 |
| Odessa, TX | 2 | $ 540,000 | $ 270,000 | $ 153,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 1,010,000 | $ 505,000 | $ 141,000 |
| Rockford, IL | 2 | $ 430,000 | $ 215,000 | $ 118,000 |
| Santa Fe, NM | 2 | $ 2,260,000 | $ 1,130,000 | $ 477,000 |
| Tacoma-Lakewood, WA | 2 | $ 730,000 | $ 365,000 | $ 95,000 |
| Victoria, TX | 2 | $ 460,000 | $ 230,000 | $ 104,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 270,000 | $ 135,000 | $ 106,000 |
| Yakima, WA | 2 | $ 330,000 | $ 165,000 | $ 71,000 |
| Akron, OH | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Bay City, MI | 1 | $ 95,000 | $ 95,000 | $ 67,000 |
| Boulder, CO | 1 | $ 45,000 | $ 45,000 | $ 0 |
| Bremerton-Silverdale, WA | 1 | $ 655,000 | $ 655,000 | $ 187,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 285,000 | $ 285,000 | $ 72,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 165,000 | $ 165,000 | $ 62,000 |
| Chattanooga, TN-GA | 1 | $ 175,000 | $ 175,000 | $ 46,000 |
| Cleveland, TN | 1 | $ 385,000 | $ 385,000 | $ 97,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 235,000 | $ 235,000 | $ 225,000 |
| Eagle Pass, TX | 1 | $ 405,000 | $ 405,000 | $ 157,000 |
| Elizabethtown-Fort Knox, KY | 1 | $ 195,000 | $ 195,000 | $ 111,000 |
| Elkhart-Goshen, IN | 1 | $ 235,000 | $ 235,000 | $ 77,000 |
| Evansville, IN-KY | 1 | $ 295,000 | $ 295,000 | $ 81,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 155,000 | $ 155,000 | $ 136,000 |
| Fort Collins, CO | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Gulfport-Biloxi-Pascagoula, MS | 1 | $ 215,000 | $ 215,000 | $ 154,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 75,000 | $ 75,000 | $ 40,000 |
| Kansas City, MO-KS | 1 | $ 195,000 | $ 195,000 | $ 70,000 |
| Lake Charles, LA | 1 | $ 225,000 | $ 225,000 | $ 87,000 |
| Lakeland-Winter Haven, FL | 1 | $ 225,000 | $ 225,000 | $ 87,000 |
| Lexington-Fayette, KY | 1 | $ 295,000 | $ 295,000 | $ 216,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 175,000 | $ 175,000 | $ 50,000 |
| Morristown, TN | 1 | $ 335,000 | $ 335,000 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 515,000 | $ 515,000 | $ 289,000 |
| Ocala, FL | 1 | $ 195,000 | $ 195,000 | $ 46,000 |
| Port St. Lucie, FL | 1 | $ 85,000 | $ 85,000 | $ 28,000 |
| Salem, OR | 1 | $ 445,000 | $ 445,000 | $ 83,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 305,000 | $ 305,000 | $ 135,000 |
| Sumter, SC | 1 | $ 335,000 | $ 335,000 | $ 135,000 |
| Tallahassee, FL | 1 | $ 365,000 | $ 365,000 | $ 86,000 |
| Waco, TX | 1 | $ 695,000 | $ 695,000 | $ 302,000 |
| Warner Robins, GA | 1 | $ 225,000 | $ 225,000 | $ 57,000 |
| Wichita Falls, TX | 1 | $ 225,000 | $ 225,000 | $ 56,000 |
| Wildwood-The Villages, FL | 1 | $ 225,000 | $ 225,000 | $ 61,000 |
| Winston-Salem, NC | 1 | $ 265,000 | $ 265,000 | $ 110,000 |
Mortgage Loan Application Detail Totals for Southwest Funding LP in 2024
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 | 2,697 | $665,775,000 | $246,000 | $1,505,000 | $105,000 | $3,360,000 |
| Refinancing | 305 | $91,385,000 | $299,000 | $1,065,000 | $175,000 | $4,173,000 |
| Cash-out Refinancing | 262 | $72,610,000 | $277,000 | $1,505,000 | $133,000 | $954,000 |
| Other Purpose | 1 | $215,000 | $215,000 | $215,000 | $14,000 | $14,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 |
|---|---|---|---|---|---|---|
| Hispanic | 1,162 | $293,360,000 | $252,000 | $905,000 | $104,000 | $3,360,000 |
| White | 1,126 | $296,080,000 | $262,000 | $1,505,000 | $121,000 | $4,173,000 |
| Black or African American | 648 | $150,750,000 | $232,000 | $1,305,000 | $92,000 | $780,000 |
| Not Provided | 219 | $58,225,000 | $265,000 | $1,505,000 | $123,000 | $1,000,000 |
| Asian | 64 | $20,850,000 | $325,000 | $975,000 | $122,000 | $459,000 |
| American Indian or Alaskan Native | 32 | $6,910,000 | $215,000 | $475,000 | $92,000 | $203,000 |
| Not applicable | 12 | $3,270,000 | $272,000 | $495,000 | $80,000 | $126,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $540,000 | $270,000 | $535,000 | $162,000 | $172,000 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 1,484 | $372,120,000 | $250,000 | $905,000 | $91,000 | $667,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,388 | $335,380,000 | $241,000 | $1,505,000 | $131,000 | $4,173,000 |
| VA-guaranteed (Veterans Administration) | 333 | $112,715,000 | $338,000 | $1,065,000 | $109,000 | $440,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 60 | $9,770,000 | $162,000 | $315,000 | $69,000 | $116,000 |
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 | 2,143 | $544,615,000 | $254,000 | $1,065,000 | $108,000 | $4,173,000 |
| Application Withdrawn By Applicant | 989 | $252,025,000 | $254,000 | $1,505,000 | $115,000 | $3,360,000 |
| Application Denied By Financial Institution | 117 | $27,965,000 | $239,000 | $575,000 | $88,000 | $288,000 |
| File Closed For Incompleteness | 16 | $5,380,000 | $336,000 | $1,355,000 | $88,000 | $185,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 3,148 | $802,020,000 | $254,000 | $1,505,000 | $110,000 | $4,173,000 |
| Credit Application Incomplete | 48 | $11,580,000 | $241,000 | $525,000 | $82,000 | $219,000 |
| Debt-To-Income Ratio | 23 | $4,845,000 | $210,000 | $445,000 | $82,000 | $159,000 |
| Credit History | 13 | $3,475,000 | $267,000 | $575,000 | $103,000 | $229,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $1,505,000 | $167,000 | $335,000 | $72,000 | $96,000 |
| Collateral | 9 | $2,435,000 | $270,000 | $485,000 | $95,000 | $181,000 |
| Other | 6 | $1,540,000 | $256,000 | $335,000 | $119,000 | $288,000 |
| Unverifiable Information | 5 | $1,245,000 | $249,000 | $485,000 | $90,000 | $208,000 |
| Employment History | 4 | $1,340,000 | $335,000 | $485,000 | $121,000 | $173,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Southwest Funding LP's 2024 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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