U.S. Financial Mortgage Corp Mortgage Lending & HMDA Data, 2004
In 2004, U.S. Financial Mortgage Corp of Roseville, CA reported 2,458 mortgage applications totaling $518.7 million, down 32% from 2003. The average application was for $211,012, and applicants reported an average income of $93,515. 81% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Merced, CA (173), Reno-Sparks, NV (156) and Sacramento--Arden-Arcade--Roseville, CA (156) (applications in parentheses).
| Mortgage Company & Address | U.S. Financial Mortgage Corp 970 Sunrise Ave. Suite 125 Box 327 Roseville, CA 95661 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,458 |
| Total Mortgage Loan Application Amount | $518,669,000 |
| Average Mortgage Loan Application Amount | $211,012 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $93,515 |
| Highest Applicant Income | $1,308,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records U.S. Financial Mortgage Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 U.S. Financial Mortgage Corp in 2004
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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,231 | $247,301,000 | $162,000 | $900,000 | $70,500 | $1,308,000 |
| Home Purchase | 1,206 | $262,217,000 | $179,636 | $1,300,000 | $86,272 | $1,025,000 |
| Home Improvement | 21 | $9,151,000 | $433,000 | $1,500,000 | $160,500 | $579,000 |
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 |
|---|---|---|---|---|---|---|
| White | 1,569 | $346,431,000 | $177,923 | $1,300,000 | $83,307 | $1,308,000 |
| Hispanic | 335 | $57,262,000 | $226,714 | $844,000 | $90,000 | $912,000 |
| Native Hawaiian or Other Pacific Islander | 229 | $44,752,000 | $161,600 | $1,500,000 | $63,600 | $600,000 |
| Asian | 228 | $48,684,000 | $164,400 | $750,000 | $75,200 | $600,000 |
| Black or African American | 53 | $11,730,000 | $201,600 | $515,000 | $61,200 | $579,000 |
| Not Provided | 27 | $6,627,000 | $231,666 | $550,000 | $137,000 | $747,000 |
| American Indian or Alaskan Native | 16 | $2,949,000 | $161,400 | $346,000 | $56,200 | $173,000 |
| Not applicable | 1 | $234,000 | $234,000 | $234,000 | $50,000 | $50,000 |
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) | 2,157 | $475,622,000 | $180,923 | $1,500,000 | $84,846 | $1,308,000 |
| FHA-insured (Federal Housing Administration) | 257 | $35,417,000 | $131,428 | $325,000 | $66,285 | $190,000 |
| VA-guaranteed (Veterans Administration) | 42 | $7,368,000 | $179,000 | $336,000 | $64,000 | $346,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $262,000 | $131,000 | $173,000 | $67,000 | $83,000 |
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 | 1,998 | $416,283,000 | $182,666 | $1,300,000 | $87,583 | $1,308,000 |
| Application Withdrawn By Applicant | 422 | $95,207,000 | $172,250 | $1,500,000 | $70,250 | $1,025,000 |
| Application Approved But Not Accepted | 19 | $3,780,000 | $121,000 | $420,000 | $58,000 | $180,000 |
| Application Denied By Financial Institution | 12 | $1,984,000 | $171,800 | $400,000 | $92,600 | $269,000 |
| File Closed For Incompleteness | 7 | $1,415,000 | $234,333 | $386,000 | $74,000 | $134,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 3 | $337,000 | $112,000 | $179,000 | $41,000 | $56,000 |
| Other | 3 | $446,000 | $148,666 | $179,000 | $131,333 | $269,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $231,000 | $115,500 | $119,000 | $29,500 | $36,000 |
| Credit History | 2 | $558,000 | $279,000 | $400,000 | $34,000 | $48,000 |
| Unverifiable Information | 1 | $172,000 | $172,000 | $172,000 | $58,000 | $58,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into U.S. Financial Mortgage Corp's 2004 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 U.S. Financial Mortgage Corp'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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