Valley Mortgage Services, LLC Mortgage Lending & HMDA Data, 2008
In 2008, Valley Mortgage Services, LLC of Miamisburg, OH reported 60 mortgage applications totaling $11.1 million, up 2% from 2007. The average application was for $184,183, and applicants reported an average income of $73,616. 73% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Allentown-Bethlehem-Easton, PA-NJ (46), Philadelphia, PA (7) and Reading, PA (3) (applications in parentheses).
| Mortgage Company & Address | Valley Mortgage Services, LLC 3232 Newmark Dr. Miamisburg, OH 45342 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 60 |
| Total Mortgage Loan Application Amount | $11,051,000 |
| Average Mortgage Loan Application Amount | $184,183 |
| Highest Mortgage Loan Application Amount | $375,000 |
| Average Applicant Income | $73,616 |
| Highest Applicant Income | $220,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Valley Mortgage Services, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Valley Mortgage Services, LLC in 2008
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 | 41 | $7,508,000 | $183,000 | $375,000 | $79,000 | $220,000 |
| Refinancing | 19 | $3,543,000 | $186,000 | $348,000 | $62,000 | $149,000 |
| 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 | 42 | $7,972,000 | $189,000 | $375,000 | $79,000 | $220,000 |
| Hispanic | 9 | $1,204,000 | $133,000 | $262,000 | $48,000 | $97,000 |
| Not Provided | 7 | $1,267,000 | $181,000 | $276,000 | $53,000 | $75,000 |
| Black or African American | 2 | $608,000 | $304,000 | $331,000 | $150,000 | $176,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 40 | $7,279,000 | $181,000 | $348,000 | $70,000 | $176,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 17 | $2,880,000 | $169,000 | $299,000 | $74,000 | $220,000 |
| VA-guaranteed (Veterans Administration) | 3 | $892,000 | $297,000 | $375,000 | $134,000 | $191,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 44 | $8,207,000 | $186,000 | $375,000 | $75,000 | $220,000 |
| Application Withdrawn By Applicant | 11 | $2,112,000 | $192,000 | $370,000 | $75,000 | $180,000 |
| Application Denied By Financial Institution | 3 | $361,000 | $120,000 | $125,000 | $61,000 | $97,000 |
| Application Approved But Not Accepted | 2 | $371,000 | $185,000 | $218,000 | $66,000 | $73,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 2 | $239,000 | $119,000 | $125,000 | $76,000 | $97,000 |
| Collateral | 1 | $122,000 | $122,000 | $122,000 | $33,000 | $33,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Valley Mortgage Services, LLC's 2008 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 Valley Mortgage Services, LLC'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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