Universal Mortgage & Finance, Inc Mortgage Lending & HMDA Data, 2013
In 2013, Universal Mortgage & Finance, Inc of Edgewater, MD reported 1,275 mortgage applications totaling $268.9 million, up 25% from 2012. The average application was for $210,898, and applicants reported an average income of $82,915. 67% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Baltimore-Towson, MD (286), Miami-Miami Beach-Kendall, FL (244) and Wilmington, DE-MD-NJ (152) (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 | 1,275 |
| Total Mortgage Loan Application Amount | $268,895,000 |
| Average Mortgage Loan Application Amount | $210,898 |
| Highest Mortgage Loan Application Amount | $1,126,000 |
| Average Applicant Income | $82,915 |
| 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Universal Mortgage & Finance, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2013
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 | 673 | $138,940,000 | $206,000 | $1,126,000 | $73,000 | $360,000 |
| Refinancing | 602 | $129,955,000 | $215,000 | $1,075,000 | $94,000 | $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 | 686 | $149,924,000 | $218,000 | $1,126,000 | $90,000 | $605,000 |
| Hispanic | 339 | $64,013,000 | $188,000 | $480,000 | $71,000 | $1,440,000 |
| Black or African American | 200 | $43,389,000 | $216,000 | $676,000 | $78,000 | $287,000 |
| Not Provided | 36 | $7,849,000 | $218,000 | $1,075,000 | $82,000 | $500,000 |
| Asian | 10 | $2,528,000 | $252,000 | $352,000 | $90,000 | $144,000 |
| American Indian or Alaskan Native | 3 | $657,000 | $219,000 | $342,000 | $68,000 | $121,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $535,000 | $535,000 | $535,000 | $157,000 | $157,000 |
| 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) | 673 | $145,570,000 | $216,000 | $676,000 | $76,000 | $347,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 442 | $90,779,000 | $205,000 | $1,126,000 | $99,000 | $1,440,000 |
| VA-guaranteed (Veterans Administration) | 109 | $23,264,000 | $213,000 | $552,000 | $71,000 | $261,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 51 | $9,282,000 | $182,000 | $342,000 | $55,000 | $102,000 |
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 | 859 | $184,721,000 | $215,000 | $676,000 | $86,000 | $1,440,000 |
| Application Withdrawn By Applicant | 405 | $82,468,000 | $203,000 | $1,126,000 | $78,000 | $500,000 |
| Application Denied By Financial Institution | 9 | $1,231,000 | $136,000 | $235,000 | $55,000 | $110,000 |
| Application Approved But Not Accepted | 2 | $475,000 | $237,000 | $294,000 | $57,000 | $72,000 |
| File Closed For Incompleteness | 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 | 4 | $706,000 | $176,000 | $235,000 | $37,000 | $48,000 |
| Collateral | 3 | $276,000 | $92,000 | $140,000 | $81,000 | $110,000 |
| Credit History | 1 | $79,000 | $79,000 | $79,000 | $27,000 | $27,000 |
| Unverifiable Information | 1 | $170,000 | $170,000 | $170,000 | $80,000 | $80,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Universal Mortgage & Finance, Inc's 2013 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
with aggregated HMDA statistics today.
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