Town Square Mortgage & Investments LLC Mortgage Lending & HMDA Data, 2016
In 2016, Town Square Mortgage & Investments LLC of Dallas, TX reported 2,024 mortgage applications totaling $368.3 million, up 30% from 2015. The average application was for $181,973, and applicants reported an average income of $84,073. 65% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Dallas-Plano-Irving, TX (1,416), Fort Worth-Arlington, TX (324) and Houston-The Woodlands-Sugar Land, TX (83) (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 | 2,024 |
| Total Mortgage Loan Application Amount | $368,315,000 |
| Average Mortgage Loan Application Amount | $181,973 |
| Highest Mortgage Loan Application Amount | $1,232,000 |
| Average Applicant Income | $84,073 |
| Highest Applicant Income | $6,660,000 |
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Town Square Mortgage & Investments LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Town Square Mortgage & Investments LLC in 2016
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 | 1,597 | $287,400,000 | $179,000 | $1,232,000 | $72,000 | $1,092,000 |
| Refinancing | 262 | $48,094,000 | $183,000 | $850,000 | $113,000 | $1,740,000 |
| Home Improvement | 165 | $32,821,000 | $198,000 | $720,000 | $155,000 | $6,660,000 |
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 | 1,140 | $171,322,000 | $150,000 | $417,000 | $56,000 | $1,298,000 |
| White | 607 | $140,991,000 | $232,000 | $850,000 | $135,000 | $6,660,000 |
| Black or African American | 218 | $41,533,000 | $190,000 | $417,000 | $81,000 | $1,452,000 |
| Asian | 47 | $11,722,000 | $249,000 | $1,232,000 | $120,000 | $571,000 |
| American Indian or Alaskan Native | 7 | $1,732,000 | $247,000 | $312,000 | $106,000 | $204,000 |
| Not Provided | 3 | $459,000 | $153,000 | $225,000 | $87,000 | $128,000 |
| Native Hawaiin or Other Pacific Islander | 2 | $556,000 | $278,000 | $345,000 | $123,000 | $126,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 985 | $153,299,000 | $155,000 | $341,000 | $55,000 | $1,298,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 953 | $194,431,000 | $204,000 | $1,232,000 | $115,000 | $6,660,000 |
| VA-guaranteed (Veterans Administration) | 80 | $19,589,000 | $244,000 | $431,000 | $83,000 | $185,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $996,000 | $166,000 | $226,000 | $57,000 | $74,000 |
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 | 1,315 | $246,719,000 | $187,000 | $629,000 | $76,000 | $801,000 |
| Application Withdrawn By Applicant | 379 | $68,431,000 | $180,000 | $1,232,000 | $114,000 | $6,660,000 |
| Application Denied By Financial Institution | 273 | $42,071,000 | $154,000 | $850,000 | $80,000 | $1,452,000 |
| File Closed For Incompleteness | 55 | $10,361,000 | $188,000 | $431,000 | $92,000 | $316,000 |
| Application Approved But Not Accepted | 2 | $733,000 | $366,000 | $417,000 | $271,000 | $464,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Credit History | 95 | $14,731,000 | $155,000 | $850,000 | $124,000 | $1,452,000 |
| Debt-To-Income Ratio | 86 | $14,000,000 | $162,000 | $424,000 | $57,000 | $222,000 |
| Collateral | 28 | $3,666,000 | $130,000 | $199,000 | $49,000 | $118,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 20 | $2,641,000 | $132,000 | $206,000 | $54,000 | $312,000 |
| Other | 16 | $2,494,000 | $155,000 | $336,000 | $51,000 | $110,000 |
| Employment History | 14 | $2,566,000 | $183,000 | $395,000 | $70,000 | $118,000 |
| Credit Application Incomplete | 3 | $595,000 | $198,000 | $302,000 | $82,000 | $87,000 |
| Unverifiable Information | 3 | $404,000 | $134,000 | $200,000 | $52,000 | $67,000 |
| Mortgage Insurance Denied | 1 | $157,000 | $157,000 | $157,000 | $40,000 | $40,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Town Square Mortgage & Investments LLC's 2016 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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