Town Square Mortgage & Investments, Inc. Mortgage Lending & HMDA Data, 2018
In 2018, Town Square Mortgage & Investments, Inc. of Dallas, TX reported 2,463 mortgage applications totaling $462.5 million. The average application was for $187,768, and applicants reported an average income of $82,711. 77% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Dallas-Plano-Irving, TX (1,285), Fort Worth-Arlington, TX (301) and Houston-The Woodlands-Sugar Land, TX (210) (applications in parentheses).
| Mortgage Company & Address | Town Square Mortgage & Investments, Inc. 17300 Dallas Pkwy, Ste 1030 Dallas, TX 75248 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 |
| Total Number of Mortgage Applications | 2,463 |
| Total Mortgage Loan Application Amount | $462,475,000 |
| Average Mortgage Loan Application Amount | $187,768 |
| Highest Mortgage Loan Application Amount | $2,805,000 |
| Average Applicant Income | $82,711 |
| Highest Applicant Income | $6,600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Town Square Mortgage & Investments, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Dallas-Plano-Irving, TX | 1,285 | $ 272,745,000 | $ 212,252 | $ 97,000 |
| Fort Worth-Arlington, TX | 301 | $ 54,505,000 | $ 181,079 | $ 69,000 |
| Houston-The Woodlands-Sugar Land, TX | 210 | $ 34,440,000 | $ 164,000 | $ 65,000 |
| Outside any metro area | 193 | $ 28,845,000 | $ 149,455 | $ 65,000 |
| El Paso, TX | 101 | $ 13,025,000 | $ 128,960 | $ 56,000 |
| Beaumont-Port Arthur, TX | 100 | $ 9,650,000 | $ 96,500 | $ 69,000 |
| Orlando-Kissimmee-Sanford, FL | 72 | $ 12,570,000 | $ 174,583 | $ 70,000 |
| Austin-Round Rock, TX | 49 | $ 9,855,000 | $ 201,122 | $ 85,000 |
| McAllen-Edinburg-Mission, TX | 38 | $ 5,640,000 | $ 148,421 | $ 63,000 |
| Brownsville-Harlingen, TX | 16 | $ 2,170,000 | $ 135,625 | $ 54,000 |
| Miami-Miami Beach-Kendall, FL | 14 | $ 2,780,000 | $ 198,571 | $ 62,000 |
| San Antonio-New Braunfels, TX | 11 | $ 1,885,000 | $ 171,363 | $ 56,000 |
| Sherman-Denison, TX | 10 | $ 2,170,000 | $ 217,000 | $ 126,000 |
| Lakeland-Winter Haven, FL | 9 | $ 1,355,000 | $ 150,555 | $ 55,000 |
| Killeen-Temple, TX | 5 | $ 865,000 | $ 173,000 | $ 55,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 1,450,000 | $ 362,500 | $ 133,000 |
| Tyler, TX | 4 | $ 800,000 | $ 200,000 | $ 126,000 |
| Amarillo, TX | 3 | $ 425,000 | $ 141,666 | $ 82,000 |
| Greeley, CO | 2 | $ 610,000 | $ 305,000 | $ 78,000 |
| Jacksonville, FL | 2 | $ 530,000 | $ 265,000 | $ 72,000 |
| Laredo, TX | 2 | $ 220,000 | $ 110,000 | $ 61,000 |
| Longview, TX | 2 | $ 170,000 | $ 85,000 | $ 22,000 |
| Lubbock, TX | 2 | $ 260,000 | $ 130,000 | $ 55,000 |
| Midland, TX | 2 | $ 400,000 | $ 200,000 | $ 72,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 510,000 | $ 255,000 | $ 63,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 195,000 | $ 195,000 | $ 47,000 |
| College Station-Bryan, TX | 1 | $ 185,000 | $ 185,000 | $ 57,000 |
| Corpus Christi, TX | 1 | $ 205,000 | $ 205,000 | $ 72,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 245,000 | $ 245,000 | $ 91,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 235,000 | $ 235,000 | $ 134,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 285,000 | $ 285,000 | $ 77,000 |
| Odessa, TX | 1 | $ 175,000 | $ 175,000 | $ 63,000 |
| Oklahoma City, OK | 1 | $ 355,000 | $ 355,000 | $ 327,000 |
| Punta Gorda, FL | 1 | $ 145,000 | $ 145,000 | $ 28,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 385,000 | $ 385,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for Town Square Mortgage & Investments, Inc. in 2018
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 | 2,116 | $402,610,000 | $190,000 | $2,805,000 | $80,000 | $6,600,000 |
| Refinancing | 168 | $26,850,000 | $159,000 | $1,115,000 | $89,000 | $1,740,000 |
| Cash-out Refinancing | 160 | $28,220,000 | $176,000 | $615,000 | $106,000 | $3,120,000 |
| Home Improvement | 19 | $4,795,000 | $252,000 | $655,000 | $133,000 | $632,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 1,578 | $261,880,000 | $165,000 | $745,000 | $63,000 | $1,740,000 |
| White | 578 | $142,120,000 | $245,000 | $2,805,000 | $133,000 | $6,600,000 |
| Black or African American | 202 | $33,130,000 | $164,000 | $1,115,000 | $74,000 | $536,000 |
| Not Provided | 49 | $11,905,000 | $242,000 | $1,655,000 | $118,000 | $1,090,000 |
| Asian | 49 | $12,045,000 | $245,000 | $765,000 | $119,000 | $317,000 |
| American Indian or Alaskan Native | 2 | $400,000 | $200,000 | $285,000 | $65,000 | $104,000 |
| Not applicable | 1 | $175,000 | $175,000 | $175,000 | $44,000 | $44,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,185 | $243,745,000 | $205,000 | $2,805,000 | $106,000 | $6,600,000 |
| FHA-insured (Federal Housing Administration) | 1,169 | $195,315,000 | $167,000 | $1,115,000 | $60,000 | $1,080,000 |
| VA-guaranteed (Veterans Administration) | 89 | $20,225,000 | $227,000 | $465,000 | $79,000 | $268,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 20 | $3,190,000 | $159,000 | $245,000 | $52,000 | $75,000 |
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 | 1,887 | $352,225,000 | $186,000 | $765,000 | $78,000 | $1,826,000 |
| Application Withdrawn By Applicant | 370 | $70,740,000 | $191,000 | $1,655,000 | $91,000 | $3,120,000 |
| Application Denied By Financial Institution | 187 | $34,855,000 | $186,000 | $2,805,000 | $105,000 | $6,600,000 |
| File Closed For Incompleteness | 17 | $4,295,000 | $252,000 | $615,000 | $138,000 | $600,000 |
| Application Approved But Not Accepted | 2 | $360,000 | $180,000 | $185,000 | $78,000 | $90,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,276 | $427,620,000 | $187,000 | $1,655,000 | $81,000 | $3,120,000 |
| Credit History | 90 | $16,950,000 | $188,000 | $2,805,000 | $151,000 | $6,600,000 |
| Debt-To-Income Ratio | 52 | $8,480,000 | $163,000 | $615,000 | $53,000 | $133,000 |
| Unverifiable Information | 16 | $2,850,000 | $178,000 | $455,000 | $74,000 | $307,000 |
| Collateral | 12 | $2,520,000 | $210,000 | $455,000 | $66,000 | $182,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,640,000 | $205,000 | $285,000 | $75,000 | $150,000 |
| Employment History | 6 | $1,260,000 | $210,000 | $345,000 | $64,000 | $144,000 |
| Credit Application Incomplete | 3 | $1,155,000 | $385,000 | $865,000 | $88,000 | $183,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Town Square Mortgage & Investments, Inc.'s 2018 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, 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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