Total Quality Financial Inc Mortgage Lending & HMDA Data, 2024
In 2024, Total Quality Financial Inc of Carmel, IN reported 458 mortgage applications totaling $133.4 million, up 21% from 2023. The average application was for $291,353, and applicants reported an average income of $189,777. 48% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (82), Charlotte-Concord-Gastonia, NC-SC (13) and Cleveland, OH (12) (applications in parentheses).
| Mortgage Company & Address | Total Quality Financial Inc Carmel, IN 46032 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 |
| Total Number of Mortgage Applications | 458 |
| Total Mortgage Loan Application Amount | $133,440,000 |
| Average Mortgage Loan Application Amount | $291,353 |
| Highest Mortgage Loan Application Amount | $3,315,000 |
| Average Applicant Income | $189,777 |
| Highest Applicant Income | $3,559,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Total Quality Financial Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Indianapolis-Carmel-Anderson, IN | 82 | $ 16,860,000 | $ 205,609 | $ 151,000 |
| Outside any metro area | 53 | $ 14,615,000 | $ 275,754 | $ 139,169 |
| Charlotte-Concord-Gastonia, NC-SC | 13 | $ 2,685,000 | $ 206,538 | $ 199,000 |
| Cleveland, OH | 12 | $ 1,640,000 | $ 136,666 | $ 122,000 |
| Savannah, GA | 12 | $ 3,860,000 | $ 321,666 | $ 160,000 |
| Dallas-Plano-Irving, TX | 9 | $ 3,025,000 | $ 336,111 | $ 136,000 |
| Anaheim-Santa Ana-Irvine, CA | 8 | $ 5,210,000 | $ 651,250 | $ 345,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 8 | $ 3,530,000 | $ 441,250 | $ 212,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 8 | $ 2,150,000 | $ 268,750 | $ 101,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 8 | $ 2,490,000 | $ 311,250 | $ 404,000 |
| Los Angeles-Long Beach-Glendale, CA | 7 | $ 7,335,000 | $ 1,047,857 | $ 260,000 |
| Waco, TX | 7 | $ 895,000 | $ 127,857 | $ 918,000 |
| Asheville, NC | 6 | $ 2,600,000 | $ 433,333 | $ 194,000 |
| Atlanta-Sandy Springs-Roswell, GA | 6 | $ 1,550,000 | $ 258,333 | $ 148,000 |
| Lake County-Porter County-Jasper County, IN | 6 | $ 990,000 | $ 165,000 | $ 85,000 |
| Riverside-San Bernardino-Ontario, CA | 6 | $ 2,480,000 | $ 413,333 | $ 104,000 |
| Cincinnati, OH-KY-IN | 5 | $ 1,215,000 | $ 243,000 | $ 230,000 |
| Columbus, OH | 5 | $ 1,355,000 | $ 271,000 | $ 176,000 |
| Greenville-Anderson-Mauldin, SC | 5 | $ 1,185,000 | $ 237,000 | $ 358,000 |
| North Port-Sarasota-Bradenton, FL | 5 | $ 2,185,000 | $ 437,000 | $ 143,000 |
| Phoenix-Mesa-Scottsdale, AZ | 5 | $ 3,905,000 | $ 781,000 | $ 632,000 |
| Wildwood-The Villages, FL | 5 | $ 1,515,000 | $ 303,000 | $ 116,000 |
| Arlington-Alexandria-Reston, VA-WV | 4 | $ 5,340,000 | $ 1,335,000 | $ 356,000 |
| Birmingham-Hoover, AL | 4 | $ 390,000 | $ 97,500 | $ 47,000 |
| Columbia, SC | 4 | $ 680,000 | $ 170,000 | $ 86,000 |
| Detroit-Dearborn-Livonia, MI | 4 | $ 550,000 | $ 137,500 | $ 61,000 |
| Greensboro-High Point, NC | 4 | $ 760,000 | $ 190,000 | $ 158,000 |
| Huntsville, AL | 4 | $ 1,200,000 | $ 300,000 | $ 49,000 |
| Jacksonville, FL | 4 | $ 740,000 | $ 185,000 | $ 260,000 |
| Mobile, AL | 4 | $ 340,000 | $ 85,000 | $ 99,000 |
| Richmond, VA | 4 | $ 580,000 | $ 145,000 | $ 114,000 |
| Roanoke, VA | 4 | $ 890,000 | $ 222,500 | $ 102,000 |
| Tulsa, OK | 4 | $ 460,000 | $ 115,000 | $ 55,000 |
| Akron, OH | 3 | $ 635,000 | $ 211,666 | $ 53,000 |
| Augusta-Richmond County, GA-SC | 3 | $ 485,000 | $ 161,666 | $ 30,000 |
| Austin-Round Rock, TX | 3 | $ 1,055,000 | $ 351,666 | $ 248,000 |
| Charleston-North Charleston, SC | 3 | $ 1,575,000 | $ 525,000 | $ 1,048,000 |
| Chattanooga, TN-GA | 3 | $ 615,000 | $ 205,000 | $ 204,000 |
| Colorado Springs, CO | 3 | $ 1,815,000 | $ 605,000 | $ 21,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 1,725,000 | $ 575,000 | $ 199,000 |
| Fort Worth-Arlington, TX | 3 | $ 905,000 | $ 301,666 | $ 145,000 |
| Houston-The Woodlands-Sugar Land, TX | 3 | $ 785,000 | $ 261,666 | $ 64,000 |
| Macon-Bibb County, GA | 3 | $ 585,000 | $ 195,000 | $ 136,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 555,000 | $ 185,000 | $ 174,000 |
| San Antonio-New Braunfels, TX | 3 | $ 1,315,000 | $ 438,333 | $ 160,000 |
| San Diego-Carlsbad, CA | 3 | $ 1,445,000 | $ 481,666 | $ 145,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 3 | $ 735,000 | $ 245,000 | $ 114,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 800,000 | $ 400,000 | $ 247,000 |
| Columbus, GA-AL | 2 | $ 410,000 | $ 205,000 | $ 235,000 |
| Daphne-Fairhope-Foley, AL | 2 | $ 650,000 | $ 325,000 | $ 315,000 |
| Elgin, IL | 2 | $ 290,000 | $ 145,000 | $ 30,000 |
| Fort Collins, CO | 2 | $ 490,000 | $ 245,000 | $ 93,000 |
| Fort Wayne, IN | 2 | $ 160,000 | $ 80,000 | $ 87,000 |
| Ocala, FL | 2 | $ 410,000 | $ 205,000 | $ 74,000 |
| Oklahoma City, OK | 2 | $ 470,000 | $ 235,000 | $ 224,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 790,000 | $ 395,000 | $ 225,000 |
| Port St. Lucie, FL | 2 | $ 1,010,000 | $ 505,000 | $ 236,000 |
| Punta Gorda, FL | 2 | $ 360,000 | $ 180,000 | $ 134,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 910,000 | $ 455,000 | $ 115,000 |
| St. Petersburg-Clearwater-Largo, FL | 2 | $ 1,080,000 | $ 540,000 | $ 427,000 |
| Tampa, FL | 2 | $ 600,000 | $ 300,000 | $ 178,000 |
| Terre Haute, IN | 2 | $ 300,000 | $ 150,000 | $ 286,000 |
| Warner Robins, GA | 2 | $ 430,000 | $ 215,000 | $ 109,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 150,000 | $ 75,000 | $ 65,000 |
| Waterbury-Shelton, CT | 2 | $ 520,000 | $ 260,000 | $ 122,000 |
| Albuquerque, NM | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Amarillo, TX | 1 | $ 105,000 | $ 105,000 | $ 7,000 |
| Ann Arbor, MI | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Battle Creek, MI | 1 | $ 115,000 | $ 115,000 | $ 123,000 |
| Beaumont-Port Arthur, TX | 1 | $ 135,000 | $ 135,000 | $ 43,000 |
| Boston, MA | 1 | $ 385,000 | $ 385,000 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 1,355,000 | $ 1,355,000 | $ 899,000 |
| Canton-Massillon, OH | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Chicago-Naperville, IL | 1 | $ 235,000 | $ 235,000 | $ 55,000 |
| Cleveland, TN | 1 | $ 165,000 | $ 165,000 | $ 1,000 |
| Coeur D'Alene, ID | 1 | $ 435,000 | $ 435,000 | $ 0 |
| College Station-Bryan, TX | 1 | $ 195,000 | $ 195,000 | $ 51,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 245,000 | $ 245,000 | $ 159,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 1,055,000 | $ 1,055,000 | $ 3,559,000 |
| Des Moines-West Des Moines, IA | 1 | $ 255,000 | $ 255,000 | $ 159,000 |
| Durham-Chapel Hill, NC | 1 | $ 165,000 | $ 165,000 | $ 239,000 |
| Elkhart-Goshen, IN | 1 | $ 155,000 | $ 155,000 | $ 106,000 |
| Enid, OK | 1 | $ 65,000 | $ 65,000 | $ 41,000 |
| Fayetteville, NC | 1 | $ 95,000 | $ 95,000 | $ 81,000 |
| Flint, MI | 1 | $ 85,000 | $ 85,000 | $ 149,000 |
| Florence-Muscle Shoals, AL | 1 | $ 145,000 | $ 145,000 | $ 2,000 |
| Harrisonburg, VA | 1 | $ 335,000 | $ 335,000 | $ 12,000 |
| Homosassa Springs, FL | 1 | $ 345,000 | $ 345,000 | $ 175,000 |
| Idaho Falls, ID | 1 | $ 225,000 | $ 225,000 | $ 132,000 |
| Kahului-Wailuku-Lahaina, HI | 1 | $ 105,000 | $ 105,000 | $ 834,000 |
| Kansas City, MO-KS | 1 | $ 225,000 | $ 225,000 | $ 89,000 |
| Lansing-East Lansing, MI | 1 | $ 245,000 | $ 245,000 | $ 234,000 |
| Laredo, TX | 1 | $ 135,000 | $ 135,000 | $ 89,000 |
| Lawton, OK | 1 | $ 95,000 | $ 95,000 | $ 166,000 |
| Longview, WA | 1 | $ 485,000 | $ 485,000 | $ 88,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 105,000 | $ 105,000 | $ 227,000 |
| Lubbock, TX | 1 | $ 225,000 | $ 225,000 | $ 219,000 |
| Marietta, GA | 1 | $ 425,000 | $ 425,000 | $ 190,000 |
| Memphis, TN-MS-AR | 1 | $ 125,000 | $ 125,000 | $ 280,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 225,000 | $ 225,000 | $ 158,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 215,000 | $ 215,000 | $ 282,000 |
| Montgomery, AL | 1 | $ 125,000 | $ 125,000 | $ 99,000 |
| Muncie, IN | 1 | $ 135,000 | $ 135,000 | $ 118,000 |
| Muskegon, MI | 1 | $ 155,000 | $ 155,000 | $ 56,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 275,000 | $ 275,000 | $ 92,000 |
| New Haven-Milford, CT | 1 | $ 265,000 | $ 265,000 | $ 252,000 |
| Oakland-Hayward-Berkeley, CA | 1 | $ 255,000 | $ 255,000 | $ 3,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 545,000 | $ 545,000 | $ 135,000 |
| Raleigh, NC | 1 | $ 215,000 | $ 215,000 | $ 75,000 |
| Rockford, IL | 1 | $ 65,000 | $ 65,000 | $ 99,000 |
| Saginaw, MI | 1 | $ 245,000 | $ 245,000 | $ 140,000 |
| Salem, OR | 1 | $ 615,000 | $ 615,000 | $ 29,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 585,000 | $ 585,000 | $ 380,000 |
| Sebastian-Vero Beach, FL | 1 | $ 345,000 | $ 345,000 | $ 155,000 |
| Sherman-Denison, TX | 1 | $ 195,000 | $ 195,000 | $ 270,000 |
| Springfield, IL | 1 | $ 35,000 | $ 35,000 | $ 10,000 |
| Texarkana, TX-AR | 1 | $ 125,000 | $ 125,000 | $ 99,000 |
| Tuscaloosa, AL | 1 | $ 175,000 | $ 175,000 | $ 148,000 |
| Winston-Salem, NC | 1 | $ 125,000 | $ 125,000 | $ 50,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 155,000 | $ 155,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for Total Quality Financial Inc 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 | 325 | $97,385,000 | $299,000 | $1,715,000 | $177,000 | $3,559,000 |
| Cash-out Refinancing | 83 | $19,535,000 | $235,000 | $1,495,000 | $279,000 | $2,199,000 |
| Refinancing | 47 | $15,865,000 | $337,000 | $3,315,000 | $127,000 | $877,000 |
| Home Improvement | 3 | $655,000 | $218,000 | $245,000 | $89,000 | $116,000 |
| 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 | 159 | $46,965,000 | $295,000 | $1,595,000 | $264,000 | $3,559,000 |
| Not Provided | 129 | $38,645,000 | $299,000 | $1,715,000 | $159,000 | $1,300,000 |
| Hispanic | 69 | $19,095,000 | $276,000 | $825,000 | $103,000 | $556,000 |
| Asian | 53 | $14,105,000 | $266,000 | $905,000 | $206,000 | $2,146,000 |
| Black or African American | 47 | $14,135,000 | $300,000 | $3,315,000 | $125,000 | $877,000 |
| American Indian or Alaskan Native | 1 | $495,000 | $495,000 | $495,000 | $447,000 | $447,000 |
| 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) | 403 | $113,395,000 | $281,000 | $3,315,000 | $202,000 | $3,559,000 |
| FHA-insured (Federal Housing Administration) | 47 | $15,375,000 | $327,000 | $785,000 | $88,000 | $257,000 |
| VA-guaranteed (Veterans Administration) | 8 | $4,670,000 | $583,000 | $955,000 | $152,000 | $294,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 221 | $60,925,000 | $275,000 | $1,595,000 | $195,000 | $2,199,000 |
| Application Withdrawn By Applicant | 211 | $65,435,000 | $310,000 | $3,315,000 | $196,000 | $3,559,000 |
| Application Denied By Financial Institution | 25 | $6,935,000 | $277,000 | $955,000 | $97,000 | $447,000 |
| File Closed For Incompleteness | 1 | $145,000 | $145,000 | $145,000 | $53,000 | $53,000 |
| 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 | 433 | $126,505,000 | $292,000 | $3,315,000 | $195,000 | $3,559,000 |
| Other | 11 | $2,495,000 | $226,000 | $495,000 | $117,000 | $447,000 |
| Credit History | 6 | $2,490,000 | $415,000 | $955,000 | $102,000 | $294,000 |
| Collateral | 3 | $945,000 | $315,000 | $425,000 | $63,000 | $107,000 |
| Debt-To-Income Ratio | 2 | $410,000 | $205,000 | $265,000 | $65,000 | $74,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $320,000 | $160,000 | $235,000 | $71,000 | $97,000 |
| Unverifiable Information | 1 | $275,000 | $275,000 | $275,000 | $78,000 | $78,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Total Quality Financial Inc'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 Total Quality Financial 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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