Truhome Solutions, LLC Mortgage Lending & HMDA Data, 2023

In 2023, Truhome Solutions, LLC of Lenexa, KS reported 1,340 mortgage applications totaling $359.6 million, up 4% from 2022. The average application was for $268,358, and applicants reported an average income of $104,270. 17% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Kansas City, MO-KS (270), Tucson, AZ (81) and St. Louis, MO-IL (58) (applications in parentheses).

Mortgage Company & Address Truhome Solutions, LLC
9601 Legler Road
Lenexa, KS 66219
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  
Total Number of Mortgage Applications 1,340
Total Mortgage Loan Application Amount $359,600,000
Average Mortgage Loan Application Amount $268,358
Highest Mortgage Loan Application Amount $1,555,000
Average Applicant Income $104,270
Highest Applicant Income $1,500,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Truhome Solutions, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Truhome Solutions, LLC in 2023

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 947 $269,105,000 $284,000 $855,000 $109,000 $1,500,000
Cash-out Refinancing 350 $78,440,000 $224,000 $1,555,000 $92,000 $1,025,000
Refinancing 43 $12,055,000 $280,000 $1,175,000 $100,000 $264,000
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
Not applicable 684 $176,060,000 $257,000 $855,000 $0 $0
White 261 $68,775,000 $263,000 $725,000 $107,000 $1,169,000
Not Provided 151 $43,785,000 $289,000 $1,555,000 $119,000 $1,500,000
Black or African American 116 $30,590,000 $263,000 $675,000 $84,000 $311,000
Hispanic 104 $32,270,000 $310,000 $795,000 $97,000 $299,000
Asian 16 $6,140,000 $383,000 $705,000 $107,000 $189,000
American Indian or Alaskan Native 5 $1,055,000 $211,000 $475,000 $61,000 $141,000
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
FHA-insured (Federal Housing Administration) 686 $183,380,000 $267,000 $1,175,000 $94,000 $1,500,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 491 $119,485,000 $243,000 $725,000 $131,000 $1,169,000
VA-guaranteed (Veterans Administration) 158 $55,960,000 $354,000 $1,555,000 $131,000 $1,025,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 5 $775,000 $155,000 $205,000 $87,000 $95,000

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 Purchased By The Institution 684 $176,060,000 $257,000 $855,000 $0 $0
Loan Originated 230 $65,200,000 $283,000 $1,175,000 $107,000 $780,000
Application Withdrawn By Applicant 190 $55,090,000 $289,000 $1,555,000 $122,000 $1,500,000
Application Denied By Financial Institution 74 $19,100,000 $258,000 $1,555,000 $81,000 $1,025,000
Preapproval Approved but not Accepted 70 $21,350,000 $305,000 $735,000 $92,000 $261,000
File Closed For Incompleteness 45 $10,145,000 $225,000 $485,000 $81,000 $225,000
Application Approved But Not Accepted 29 $7,895,000 $272,000 $675,000 $95,000 $311,000
Preapproval Denied by Financial Institution 18 $4,760,000 $264,000 $635,000 $64,000 $122,000

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 1,248 $335,740,000 $269,000 $1,555,000 $108,000 $1,500,000
Debt-To-Income Ratio 52 $13,710,000 $263,000 $635,000 $67,000 $232,000
Credit History 28 $7,530,000 $268,000 $1,555,000 $100,000 $1,025,000
Other 4 $910,000 $227,000 $275,000 $90,000 $124,000
Unverifiable Information 3 $325,000 $108,000 $155,000 $55,000 $78,000
Collateral 2 $560,000 $280,000 $355,000 $75,000 $106,000
Employment History 2 $540,000 $270,000 $335,000 $51,000 $79,000
Insufficient Cash (Downpayment, Closing Cost) 1 $285,000 $285,000 $285,000 $98,000 $98,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Truhome Solutions, LLC's 2023 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 Truhome Solutions, 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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