Swh Funding LLC Mortgage Lending & HMDA Data, 2018

In 2018, Swh Funding LLC of Phoenix, AZ reported 230 mortgage applications totaling $36.8 million. The average application was for $160,000, and applicants reported an average income of $3,000. 88% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (214), Prescott, AZ (6) and Flagstaff, AZ (3) (applications in parentheses).

Mortgage Company & Address Swh Funding LLC
1649 E Bethany Home Rd
Phoenix, AZ 85016
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  
Total Number of Mortgage Applications 230
Total Mortgage Loan Application Amount $36,800,000
Average Mortgage Loan Application Amount $160,000
Highest Mortgage Loan Application Amount $745,000
Average Applicant Income $3,000
Highest Applicant Income $3,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Swh Funding LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Swh Funding LLC by Metropolitan Area in 2018

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Phoenix-Mesa-Scottsdale, AZ 214 $ 34,640,000 $ 161,869 $ 3,000
Prescott, AZ 6 $ 840,000 $ 140,000 $ 0
Flagstaff, AZ 3 $ 455,000 $ 151,666 $ 0
Tucson, AZ 3 $ 305,000 $ 101,666 $ 0
Outside any metro area 1 $ 35,000 $ 35,000 $ 0
Yuma, AZ 1 $ 145,000 $ 145,000 $ 0

Mortgage Loan Application Detail Totals for Swh Funding LLC in 2018

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 218 $35,210,000 $161,000 $745,000 $3,000 $3,000
Refinancing 9 $1,175,000 $130,000 $305,000 $0 $0
Home Improvement 3 $415,000 $138,000 $185,000 $0 $0
Cash-out Refinancing 0 $0 $0 $0 $0 $0
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
Not applicable 124 $22,310,000 $179,000 $745,000 $0 $0
Not Provided 67 $8,875,000 $132,000 $405,000 $0 $0
White 20 $3,240,000 $162,000 $435,000 $0 $0
Hispanic 15 $1,685,000 $112,000 $145,000 $0 $0
Black or African American 3 $325,000 $108,000 $145,000 $0 $0
American Indian or Alaskan Native 1 $365,000 $365,000 $365,000 $3,000 $3,000
Asian 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 230 $36,800,000 $160,000 $745,000 $3,000 $3,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
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 203 $32,845,000 $161,000 $745,000 $3,000 $3,000
Application Approved But Not Accepted 27 $3,955,000 $146,000 $365,000 $0 $0
Application Denied By Financial Institution 0 $0 $0 $0 $0 $0
Application Withdrawn By Applicant 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
Not applicable 230 $36,800,000 $160,000 $745,000 $3,000 $3,000
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Swh Funding LLC's 2018 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 Swh Funding 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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