Universal Mortgage & Finance, Inc Mortgage Lending & HMDA Data, 2012
In 2012, Universal Mortgage & Finance, Inc of Edgewater, MD reported 1,017 mortgage applications totaling $230.7 million, down 2% from 2011. The average application was for $226,816, and applicants reported an average income of $91,878. 76% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Baltimore-Towson, MD (277), Washington-Arlington-Alexandria, DC-VA-MD-WV (172) and Wilmington, DE-MD-NJ (120) (applications in parentheses).
| Mortgage Company & Address | Universal Mortgage & Finance, Inc 3158 Braverton Street Suite 204 Edgewater, MD 21037 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 |
| Total Number of Mortgage Applications | 1,017 |
| Total Mortgage Loan Application Amount | $230,672,000 |
| Average Mortgage Loan Application Amount | $226,816 |
| Highest Mortgage Loan Application Amount | $825,000 |
| Average Applicant Income | $91,878 |
| Highest Applicant Income | $1,440,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Universal Mortgage & Finance, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Universal Mortgage & Finance, Inc in 2012
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 | 604 | $146,002,000 | $241,000 | $822,000 | $100,000 | $474,000 |
| Home Purchase | 413 | $84,670,000 | $205,000 | $825,000 | $80,000 | $1,440,000 |
| 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 | 639 | $148,623,000 | $232,000 | $825,000 | $96,000 | $474,000 |
| Black or African American | 180 | $40,826,000 | $226,000 | $702,000 | $85,000 | $324,000 |
| Hispanic | 112 | $20,827,000 | $185,000 | $715,000 | $83,000 | $1,440,000 |
| Not Provided | 64 | $15,010,000 | $234,000 | $751,000 | $87,000 | $265,000 |
| Asian | 20 | $5,085,000 | $254,000 | $532,000 | $99,000 | $247,000 |
| American Indian or Alaskan Native | 1 | $225,000 | $225,000 | $225,000 | $78,000 | $78,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $76,000 | $76,000 | $76,000 | $31,000 | $31,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 470 | $102,731,000 | $218,000 | $712,000 | $80,000 | $366,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 434 | $102,845,000 | $236,000 | $825,000 | $109,000 | $1,440,000 |
| VA-guaranteed (Veterans Administration) | 60 | $16,371,000 | $272,000 | $726,000 | $98,000 | $430,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 53 | $8,725,000 | $164,000 | $303,000 | $49,000 | $127,000 |
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 | 773 | $176,909,000 | $228,000 | $825,000 | $93,000 | $1,440,000 |
| Application Withdrawn By Applicant | 233 | $52,311,000 | $224,000 | $751,000 | $89,000 | $430,000 |
| Application Denied By Financial Institution | 9 | $1,206,000 | $134,000 | $336,000 | $52,000 | $130,000 |
| File Closed For Incompleteness | 2 | $246,000 | $123,000 | $187,000 | $41,000 | $63,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 3 | $323,000 | $107,000 | $127,000 | $31,000 | $36,000 |
| Collateral | 2 | $156,000 | $78,000 | $117,000 | $38,000 | $40,000 |
| Other | 2 | $289,000 | $144,000 | $199,000 | $64,000 | $77,000 |
| Unverifiable Information | 1 | $336,000 | $336,000 | $336,000 | $130,000 | $130,000 |
| Credit History | 1 | $102,000 | $102,000 | $102,000 | $42,000 | $42,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Universal Mortgage & Finance, Inc's 2012 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 Universal Mortgage & Finance, 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.
For a list of all lenders in Maryland, download the full spreadsheet
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