Universal Mortgage & Finance, Inc Mortgage Lending & HMDA Data, 2019
In 2019, Universal Mortgage & Finance, Inc of Edgewater, MD reported 590 mortgage applications totaling $158.1 million, up 80% from 2018. The average application was for $268,016, and applicants reported an average income of $53,913. 79% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (91), Baltimore-Columbia-Towson, MD (85) and Atlanta-Sandy Springs-Roswell, GA (28) (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 | 590 |
| Total Mortgage Loan Application Amount | $158,130,000 |
| Average Mortgage Loan Application Amount | $268,016 |
| Highest Mortgage Loan Application Amount | $1,305,000 |
| Average Applicant Income | $53,913 |
| Highest Applicant Income | $577,000 |
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Universal Mortgage & Finance, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2019
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 | 350 | $86,520,000 | $247,000 | $935,000 | $24,000 | $577,000 |
| Home Purchase | 147 | $45,825,000 | $311,000 | $855,000 | $108,000 | $577,000 |
| Cash-out Refinancing | 93 | $25,785,000 | $277,000 | $1,305,000 | $81,000 | $338,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 307 | $83,215,000 | $271,000 | $1,305,000 | $59,000 | $577,000 |
| Black or African American | 212 | $56,330,000 | $265,000 | $725,000 | $59,000 | $238,000 |
| Hispanic | 43 | $11,335,000 | $263,000 | $695,000 | $41,000 | $293,000 |
| Not Provided | 18 | $4,980,000 | $276,000 | $545,000 | $93,000 | $224,000 |
| American Indian or Alaskan Native | 5 | $1,215,000 | $243,000 | $295,000 | $37,000 | $119,000 |
| Asian | 2 | $410,000 | $205,000 | $235,000 | $78,000 | $104,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $215,000 | $215,000 | $215,000 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| VA-guaranteed (Veterans Administration) | 354 | $88,120,000 | $248,000 | $1,305,000 | $21,000 | $196,000 |
| FHA-insured (Federal Housing Administration) | 143 | $40,485,000 | $283,000 | $695,000 | $87,000 | $293,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 92 | $29,290,000 | $318,000 | $915,000 | $134,000 | $577,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $235,000 | $235,000 | $235,000 | $61,000 | $61,000 |
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 | 464 | $125,370,000 | $270,000 | $1,305,000 | $54,000 | $577,000 |
| Application Withdrawn By Applicant | 107 | $28,015,000 | $261,000 | $915,000 | $94,000 | $493,000 |
| Application Denied By Financial Institution | 19 | $4,745,000 | $249,000 | $405,000 | $73,000 | $187,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 571 | $153,385,000 | $268,000 | $1,305,000 | $58,000 | $577,000 |
| Other | 5 | $1,355,000 | $271,000 | $325,000 | $0 | $0 |
| Collateral | 4 | $890,000 | $222,000 | $295,000 | $68,000 | $105,000 |
| Credit History | 4 | $830,000 | $207,000 | $315,000 | $88,000 | $187,000 |
| Debt-To-Income Ratio | 4 | $1,280,000 | $320,000 | $405,000 | $70,000 | $93,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $390,000 | $195,000 | $265,000 | $60,000 | $80,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 Universal Mortgage & Finance, Inc's 2019 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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