Success Lending, LLC Mortgage Lending & HMDA Data, 2023
In 2023, Success Lending, LLC of Schaumburg, IL reported 764 mortgage applications totaling $233.1 million. The average application was for $305,065, and applicants reported an average income of $124,670. 63% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Chicago-Naperville, IL (198), Lake County-Kenosha County, IL-WI (24) and Indianapolis-Carmel-Anderson, IN (22) (applications in parentheses).
| Mortgage Company & Address | Success Lending, LLC Schaumburg, IL 60173 |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 764 |
| Total Mortgage Loan Application Amount | $233,070,000 |
| Average Mortgage Loan Application Amount | $305,065 |
| Highest Mortgage Loan Application Amount | $1,325,000 |
| Average Applicant Income | $124,670 |
| Highest Applicant Income | $1,027,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Success Lending, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Success Lending, LLC in 2023
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 | 664 | $204,930,000 | $308,000 | $1,325,000 | $125,000 | $1,027,000 |
| Cash-out Refinancing | 48 | $12,760,000 | $265,000 | $665,000 | $115,000 | $264,000 |
| Refinancing | 35 | $11,825,000 | $337,000 | $715,000 | $132,000 | $371,000 |
| Home Improvement | 17 | $3,555,000 | $209,000 | $505,000 | $124,000 | $380,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 377 | $118,415,000 | $314,000 | $1,325,000 | $137,000 | $1,027,000 |
| Black or African American | 157 | $36,135,000 | $230,000 | $975,000 | $95,000 | $459,000 |
| Not Provided | 88 | $28,950,000 | $328,000 | $965,000 | $126,000 | $731,000 |
| Hispanic | 86 | $28,030,000 | $325,000 | $745,000 | $118,000 | $338,000 |
| Asian | 24 | $10,010,000 | $417,000 | $1,065,000 | $143,000 | $385,000 |
| American Indian or Alaskan Native | 6 | $1,130,000 | $188,000 | $335,000 | $101,000 | $197,000 |
| 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) | 511 | $159,305,000 | $311,000 | $1,325,000 | $138,000 | $1,027,000 |
| FHA-insured (Federal Housing Administration) | 253 | $73,765,000 | $291,000 | $935,000 | $98,000 | $304,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 480 | $149,010,000 | $310,000 | $1,065,000 | $127,000 | $1,027,000 |
| Application Withdrawn By Applicant | 166 | $50,310,000 | $303,000 | $1,155,000 | $128,000 | $731,000 |
| Application Denied By Financial Institution | 108 | $31,470,000 | $291,000 | $1,325,000 | $115,000 | $563,000 |
| Preapproval Denied by Financial Institution | 10 | $2,280,000 | $228,000 | $415,000 | $69,000 | $136,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 646 | $199,320,000 | $308,000 | $1,155,000 | $127,000 | $1,027,000 |
| Credit Application Incomplete | 54 | $16,070,000 | $297,000 | $1,325,000 | $110,000 | $441,000 |
| Debt-To-Income Ratio | 25 | $7,045,000 | $281,000 | $715,000 | $84,000 | $272,000 |
| Collateral | 15 | $2,975,000 | $198,000 | $385,000 | $99,000 | $243,000 |
| Unverifiable Information | 9 | $2,515,000 | $279,000 | $545,000 | $136,000 | $563,000 |
| Other | 5 | $1,815,000 | $363,000 | $665,000 | $163,000 | $264,000 |
| Credit History | 4 | $560,000 | $140,000 | $285,000 | $120,000 | $217,000 |
| Employment History | 3 | $1,525,000 | $508,000 | $765,000 | $180,000 | $290,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,245,000 | $415,000 | $725,000 | $176,000 | $351,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Success Lending, LLC's 2023 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 Success Lending, 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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