Universal Mortgage & Finance, Inc Mortgage Lending & HMDA Data, 2020
In 2020, Universal Mortgage & Finance, Inc of Edgewater, MD reported 507 mortgage applications totaling $159.3 million, down 14% from 2019. The average application was for $314,132, and applicants reported an average income of $105,625. 86% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (193), Baltimore-Columbia-Towson, MD (133) and Virginia Beach-Norfolk-Newport News, VA-NC (69) (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 | 507 |
| Total Mortgage Loan Application Amount | $159,265,000 |
| Average Mortgage Loan Application Amount | $314,132 |
| Highest Mortgage Loan Application Amount | $1,005,000 |
| Average Applicant Income | $105,625 |
| Highest Applicant Income | $1,216,000 |
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Universal Mortgage & Finance, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2020
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 | 220 | $71,580,000 | $325,000 | $1,005,000 | $101,000 | $1,216,000 |
| Refinancing | 217 | $68,325,000 | $314,000 | $655,000 | $106,000 | $415,000 |
| Cash-out Refinancing | 70 | $19,360,000 | $276,000 | $725,000 | $119,000 | $973,000 |
| 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 | 232 | $70,420,000 | $303,000 | $1,005,000 | $109,000 | $1,216,000 |
| Black or African American | 188 | $57,850,000 | $307,000 | $995,000 | $90,000 | $307,000 |
| Not Provided | 63 | $23,385,000 | $371,000 | $935,000 | $148,000 | $973,000 |
| Hispanic | 17 | $5,465,000 | $321,000 | $475,000 | $89,000 | $211,000 |
| Asian | 5 | $1,565,000 | $313,000 | $415,000 | $109,000 | $189,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $235,000 | $235,000 | $235,000 | $76,000 | $76,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 288 | $85,220,000 | $295,000 | $1,005,000 | $122,000 | $1,216,000 |
| FHA-insured (Federal Housing Administration) | 135 | $43,325,000 | $320,000 | $705,000 | $90,000 | $287,000 |
| VA-guaranteed (Veterans Administration) | 74 | $27,590,000 | $372,000 | $995,000 | $72,000 | $274,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $3,130,000 | $313,000 | $465,000 | $74,000 | $120,000 |
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 | 435 | $137,965,000 | $317,000 | $1,005,000 | $106,000 | $1,216,000 |
| Application Withdrawn By Applicant | 51 | $15,535,000 | $304,000 | $655,000 | $110,000 | $862,000 |
| Application Denied By Financial Institution | 16 | $4,250,000 | $265,000 | $565,000 | $64,000 | $148,000 |
| File Closed For Incompleteness | 5 | $1,515,000 | $303,000 | $635,000 | $163,000 | $285,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 491 | $155,015,000 | $315,000 | $1,005,000 | $107,000 | $1,216,000 |
| Credit History | 5 | $1,255,000 | $251,000 | $305,000 | $65,000 | $92,000 |
| Debt-To-Income Ratio | 4 | $1,030,000 | $257,000 | $295,000 | $47,000 | $75,000 |
| Other | 3 | $965,000 | $321,000 | $565,000 | $33,000 | $79,000 |
| Collateral | 2 | $420,000 | $210,000 | $225,000 | $100,000 | $119,000 |
| Unverifiable Information | 1 | $345,000 | $345,000 | $345,000 | $148,000 | $148,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $235,000 | $235,000 | $235,000 | $70,000 | $70,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Universal Mortgage & Finance, Inc's 2020 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About