Tucker Mortgage, LLC Mortgage Lending & HMDA Data, 2023

In 2023, Tucker Mortgage, LLC of Indianapolis, IN reported 1,038 mortgage applications totaling $256.7 million, down 7% from 2022. The average application was for $247,341, and applicants reported an average income of $97,645. 25% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (306), South Bend-Mishawaka, IN-MI (4) and Columbus, IN (3) (applications in parentheses).

Mortgage Company & Address Tucker Mortgage, LLC
9201 N Meridian St, Ste 200
Indianapolis, IN 46260
Tel #: available with data download
Federal Regulator * available with data download
Years 2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,038
Total Mortgage Loan Application Amount $256,740,000
Average Mortgage Loan Application Amount $247,341
Highest Mortgage Loan Application Amount $1,355,000
Average Applicant Income $97,645
Highest Applicant Income $1,291,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Tucker Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Tucker Mortgage, 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 1,030 $255,610,000 $248,000 $1,355,000 $98,000 $1,291,000
Refinancing 8 $1,130,000 $141,000 $225,000 $52,000 $68,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0
Cash-out Refinancing 0 $0 $0 $0 $0 $0
Home Improvement 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 766 $190,290,000 $248,000 $925,000 $103,000 $1,291,000
Black or African American 120 $28,120,000 $234,000 $955,000 $72,000 $324,000
Hispanic 58 $11,660,000 $201,000 $465,000 $69,000 $432,000
Not Provided 46 $12,110,000 $263,000 $625,000 $91,000 $344,000
Asian 40 $12,680,000 $317,000 $1,355,000 $124,000 $508,000
American Indian or Alaskan Native 5 $935,000 $187,000 $285,000 $104,000 $313,000
Native Hawaiian or Other Pacific Islander 1 $225,000 $225,000 $225,000 $214,000 $214,000
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) 568 $159,140,000 $280,000 $1,355,000 $125,000 $1,291,000
FHA-insured (Federal Housing Administration) 401 $77,855,000 $194,000 $475,000 $60,000 $275,000
VA-guaranteed (Veterans Administration) 65 $19,175,000 $295,000 $955,000 $93,000 $324,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4 $570,000 $142,000 $185,000 $47,000 $55,000

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
Preapproval Approved but not Accepted 446 $120,630,000 $270,000 $1,355,000 $105,000 $550,000
Preapproval Denied by Financial Institution 262 $49,960,000 $190,000 $535,000 $58,000 $417,000
Loan Originated 260 $67,340,000 $259,000 $755,000 $120,000 $1,291,000
Application Withdrawn By Applicant 58 $16,430,000 $283,000 $1,125,000 $118,000 $481,000
Application Denied By Financial Institution 11 $2,225,000 $202,000 $385,000 $81,000 $260,000
Application Approved But Not Accepted 1 $155,000 $155,000 $155,000 $48,000 $48,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Loan Purchased By The 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 765 $204,555,000 $267,000 $1,355,000 $111,000 $1,291,000
Credit History 152 $26,570,000 $174,000 $445,000 $60,000 $417,000
Debt-To-Income Ratio 78 $16,220,000 $207,000 $535,000 $46,000 $175,000
Employment History 23 $5,495,000 $238,000 $465,000 $62,000 $350,000
Other 12 $2,320,000 $193,000 $345,000 $83,000 $345,000
Insufficient Cash (Downpayment, Closing Cost) 4 $830,000 $207,000 $295,000 $63,000 $119,000
Collateral 3 $495,000 $165,000 $245,000 $216,000 $325,000
Unverifiable Information 1 $255,000 $255,000 $255,000 $55,000 $55,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Tucker Mortgage, 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 Tucker Mortgage, 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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