Crossfire Financial Network, Inc. Mortgage Lending & HMDA Data, 2023

In 2023, Crossfire Financial Network, Inc. of Homestead, FL reported 16 mortgage applications totaling $6.6 million, down 82% from 2022. The average application was for $411,250, and applicants reported an average income of $129,750. 75% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (13), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (2) and North Port-Sarasota-Bradenton, FL (1) (applications in parentheses).

Mortgage Company & Address Crossfire Financial Network, Inc.
9350 Sunset Dr #151
Homestead, FL 33173
Tel #: available with data download
Federal Regulator * available with data download
Years 2023  2022  2021  2020  2019  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 16
Total Mortgage Loan Application Amount $6,580,000
Average Mortgage Loan Application Amount $411,250
Highest Mortgage Loan Application Amount $585,000
Average Applicant Income $129,750
Highest Applicant Income $245,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Crossfire Financial Network, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Crossfire Financial Network, Inc. by Metropolitan Area in 2023

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Miami-Miami Beach-Kendall, FL 13 $ 5,435,000 $ 418,076 $ 133,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 2 $ 780,000 $ 390,000 $ 106,000
North Port-Sarasota-Bradenton, FL 1 $ 365,000 $ 365,000 $ 132,000

Mortgage Loan Application Detail Totals for Crossfire Financial Network, Inc. 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 14 $5,630,000 $402,000 $575,000 $125,000 $245,000
Cash-out Refinancing 1 $585,000 $585,000 $585,000 $194,000 $194,000
Refinancing 1 $365,000 $365,000 $365,000 $132,000 $132,000
Home Improvement 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
Hispanic 13 $5,435,000 $418,000 $585,000 $133,000 $245,000
Black or African American 2 $780,000 $390,000 $465,000 $106,000 $110,000
White 1 $365,000 $365,000 $365,000 $132,000 $132,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 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) 8 $3,370,000 $421,000 $585,000 $140,000 $245,000
FHA-insured (Federal Housing Administration) 8 $3,210,000 $401,000 $495,000 $119,000 $193,000
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 12 $4,690,000 $390,000 $575,000 $116,000 $193,000
Application Withdrawn By Applicant 4 $1,890,000 $472,000 $585,000 $168,000 $245,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Application Denied By Financial Institution 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 16 $6,580,000 $411,000 $585,000 $129,000 $245,000
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 Crossfire Financial Network, Inc.'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 Crossfire Financial Network, Inc.'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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