The Money Source, Inc. Mortgage Lending & HMDA Data, 2009
In 2009, The Money Source, Inc. of Altamonte Springs, FL reported 88 mortgage applications totaling $15.7 million, up 17% from 2008. The average application was for $178,875, and applicants reported an average income of $96,784. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Orlando-Kissimmee, FL (75), Deltona-Daytona Beach-Ormond Beach, FL (3) and Lakeland-Winter Haven, FL (2) (applications in parentheses).
| Mortgage Company & Address | The Money Source, Inc. 821 Douglas Avenue #183 Altamonte Springs, FL 32714 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 88 |
| Total Mortgage Loan Application Amount | $15,741,000 |
| Average Mortgage Loan Application Amount | $178,875 |
| Highest Mortgage Loan Application Amount | $416,000 |
| Average Applicant Income | $96,784 |
| Highest Applicant Income | $450,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Money Source, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Seminole, Florida | 33 | $ 6,321,000 | $ 191,545 | $ 92,000 |
| Orange, Florida | 32 | $ 5,798,000 | $ 181,187 | $ 96,000 |
| Lake, Florida | 9 | $ 1,676,000 | $ 186,222 | $ 104,000 |
| Volusia, Florida | 3 | $ 419,000 | $ 139,666 | $ 160,000 |
| Brevard, Florida | 2 | $ 296,000 | $ 148,000 | $ 159,000 |
| Polk, Florida | 2 | $ 168,000 | $ 84,000 | $ 60,000 |
| Bay, Florida | 1 | $ 105,000 | $ 105,000 | $ 71,000 |
| Indian River, Florida | 1 | $ 192,000 | $ 192,000 | $ 194,000 |
| Osceola, Florida | 1 | $ 261,000 | $ 261,000 | $ 0 |
| Palm Beach, Florida | 1 | $ 191,000 | $ 191,000 | $ 94,000 |
| Pasco, Florida | 1 | $ 99,000 | $ 99,000 | $ 52,000 |
| St. Johns, Florida | 1 | $ 156,000 | $ 156,000 | $ 99,000 |
| Sumter, Florida | 1 | $ 59,000 | $ 59,000 | $ 28,000 |
Mortgage Loan Application Detail Totals for The Money Source, Inc. in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 57 | $10,871,000 | $190,000 | $416,000 | $107,000 | $450,000 |
| Home Purchase | 31 | $4,870,000 | $157,000 | $375,000 | $78,000 | $295,000 |
| 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 | 80 | $14,327,000 | $179,000 | $416,000 | $101,000 | $450,000 |
| Asian | 4 | $762,000 | $190,000 | $275,000 | $62,000 | $90,000 |
| Hispanic | 3 | $508,000 | $169,000 | $261,000 | $52,000 | $102,000 |
| Not Provided | 1 | $144,000 | $144,000 | $144,000 | $56,000 | $56,000 |
| American Indian or Alaskan Native | 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 |
| Black or African American | 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) | 58 | $10,641,000 | $183,000 | $416,000 | $112,000 | $450,000 |
| FHA-insured (Federal Housing Administration) | 24 | $3,875,000 | $161,000 | $222,000 | $65,000 | $255,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $410,000 | $136,000 | $184,000 | $42,000 | $58,000 |
| VA-guaranteed (Veterans Administration) | 3 | $815,000 | $271,000 | $375,000 | $110,000 | $239,000 |
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 | 88 | $15,741,000 | $178,000 | $416,000 | $97,000 | $450,000 |
| 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 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $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 |
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 The Money Source, Inc.'s 2009 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 The Money Source, 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.
For a list of all lenders in Florida, download the full spreadsheet
with aggregated HMDA statistics today.
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