Town Square Mortgage & Investments LLC Mortgage Lending & HMDA Data, 2024

In 2024, Town Square Mortgage & Investments LLC of Dallas, TX reported 285 mortgage applications totaling $91.7 million, down 92% from 2023. The average application was for $321,771, and applicants reported an average income of $135,610. 49% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Dallas-Plano-Irving, TX (183), Fort Worth-Arlington, TX (44) and Houston-The Woodlands-Sugar Land, TX (10) (applications in parentheses).

Mortgage Company & Address Town Square Mortgage & Investments LLC
17300 Dallas Pkwy, Ste 1030
Dallas, TX 75248
Tel #: available with data download
Federal Regulator * available with data download
Years 2024  2023  2022  2021  2020  2019  2017  2016  2015  2014  2013  2012  2011  2010  2009  
Total Number of Mortgage Applications 285
Total Mortgage Loan Application Amount $91,705,000
Average Mortgage Loan Application Amount $321,771
Highest Mortgage Loan Application Amount $1,205,000
Average Applicant Income $135,610
Highest Applicant Income $2,167,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Town Square Mortgage & Investments LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Town Square Mortgage & Investments LLC 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 238 $76,260,000 $320,000 $1,085,000 $135,000 $2,167,000
Cash-out Refinancing 38 $12,220,000 $321,000 $1,205,000 $141,000 $600,000
Refinancing 9 $3,225,000 $358,000 $1,095,000 $129,000 $364,000
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 164 $45,450,000 $277,000 $755,000 $111,000 $600,000
White 71 $28,385,000 $399,000 $1,205,000 $175,000 $1,236,000
Not Provided 32 $11,070,000 $345,000 $725,000 $120,000 $364,000
Asian 9 $4,515,000 $501,000 $855,000 $403,000 $2,167,000
Black or African American 9 $2,285,000 $253,000 $375,000 $77,000 $128,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 139 $48,155,000 $346,000 $1,205,000 $179,000 $2,167,000
FHA-insured (Federal Housing Administration) 138 $40,800,000 $295,000 $685,000 $94,000 $257,000
VA-guaranteed (Veterans Administration) 7 $2,515,000 $359,000 $505,000 $116,000 $181,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $235,000 $235,000 $235,000 $86,000 $86,000

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 140 $43,560,000 $311,000 $855,000 $138,000 $2,167,000
File Closed For Incompleteness 67 $23,875,000 $356,000 $1,205,000 $143,000 $1,236,000
Application Withdrawn By Applicant 47 $16,945,000 $360,000 $1,095,000 $146,000 $600,000
Application Denied By Financial Institution 31 $7,325,000 $236,000 $405,000 $95,000 $327,000
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 254 $84,380,000 $332,000 $1,205,000 $141,000 $2,167,000
Credit Application Incomplete 17 $4,015,000 $236,000 $375,000 $110,000 $327,000
Collateral 5 $755,000 $151,000 $255,000 $64,000 $97,000
Debt-To-Income Ratio 4 $1,300,000 $325,000 $405,000 $91,000 $111,000
Unverifiable Information 2 $710,000 $355,000 $395,000 $65,000 $88,000
Employment History 1 $155,000 $155,000 $155,000 $81,000 $81,000
Insufficient Cash (Downpayment, Closing Cost) 1 $135,000 $135,000 $135,000 $55,000 $55,000
Credit History 1 $255,000 $255,000 $255,000 $127,000 $127,000
Other 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Town Square Mortgage & Investments LLC'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 Town Square Mortgage & Investments 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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