Toyota Financial Savings Bank Mortgage Lending & HMDA Data, 2020

In 2020, Toyota Financial Savings Bank of Henderson, NV reported 884 mortgage applications totaling $559.3 million, up 85% from 2019. The average application was for $632,714, and applicants reported an average income of $537,600. 77% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (61), Dallas-Plano-Irving, TX (58) and Anaheim-Santa Ana-Irvine, CA (50) (applications in parentheses).

Mortgage Company & Address Toyota Financial Savings Bank
2485 Village View Drive, Suite 200
Henderson, NV 89074
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  
Total Number of Mortgage Applications 884
Total Mortgage Loan Application Amount $559,320,000
Average Mortgage Loan Application Amount $632,714
Highest Mortgage Loan Application Amount $8,005,000
Average Applicant Income $537,600
Highest Applicant Income $9,632,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Toyota Financial Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Toyota Financial Savings Bank in 2020

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 319 $214,045,000 $670,000 $8,005,000 $507,000 $9,632,000
Cash-out Refinancing 266 $173,070,000 $650,000 $6,005,000 $487,000 $5,069,000
Refinancing 248 $137,640,000 $555,000 $6,675,000 $561,000 $5,422,000
Other Purpose 49 $34,385,000 $701,000 $6,045,000 $906,000 $9,294,000
Home Improvement 2 $180,000 $90,000 $105,000 $221,000 $270,000
Not Applicable 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 670 $430,370,000 $642,000 $8,005,000 $594,000 $9,632,000
Not Provided 102 $66,450,000 $651,000 $6,045,000 $414,000 $4,031,000
Hispanic 46 $28,400,000 $617,000 $2,405,000 $282,000 $753,000
Asian 39 $21,365,000 $547,000 $1,905,000 $290,000 $1,024,000
Black or African American 13 $5,855,000 $450,000 $815,000 $365,000 $960,000
Native Hawaiian or Other Pacific Islander 6 $1,680,000 $280,000 $455,000 $377,000 $500,000
American Indian or Alaskan Native 4 $1,610,000 $402,000 $525,000 $520,000 $1,247,000
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 884 $559,320,000 $632,000 $8,005,000 $538,000 $9,632,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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 681 $430,755,000 $632,000 $8,005,000 $537,000 $9,294,000
Application Withdrawn By Applicant 141 $91,155,000 $646,000 $3,605,000 $632,000 $9,632,000
Application Denied By Financial Institution 51 $31,925,000 $625,000 $6,675,000 $361,000 $4,015,000
Application Approved But Not Accepted 8 $3,980,000 $497,000 $1,065,000 $223,000 $489,000
File Closed For Incompleteness 3 $1,505,000 $501,000 $565,000 $289,000 $550,000
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
Debt-To-Income Ratio 884 $559,320,000 $632,000 $8,005,000 $538,000 $9,632,000
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
Not applicable 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Toyota Financial Savings Bank's 2020 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 Toyota Financial Savings Bank'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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