Vanguard Funding LLC Mortgage Lending & HMDA Data, 2014

In 2014, Vanguard Funding LLC of Garden City, NY reported 3,546 mortgage applications totaling $1.1 billion, up 2% from 2013. The average application was for $304,348, and applicants reported an average income of $115,756. 55% of its applications resulted in an originated loan and 4% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (1,719), Nassau County-Suffolk County, NY (949) and Newark, NJ-PA (200) (applications in parentheses).

Mortgage Company & Address Vanguard Funding LLC
300 Garden City Plaza, Suite 170
Garden City, NY 11530
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  
Total Number of Mortgage Applications 3,546
Total Mortgage Loan Application Amount $1,079,221,000
Average Mortgage Loan Application Amount $304,348
Highest Mortgage Loan Application Amount $2,200,000
Average Applicant Income $115,756
Highest Applicant Income $2,117,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Vanguard Funding LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Vanguard Funding LLC by County in 2014

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Nassau, New York 477 $ 165,195,000 $ 346,320 $ 137,000
Suffolk, New York 472 $ 135,134,000 $ 286,300 $ 111,000
Queens, New York 329 $ 116,952,000 $ 355,477 $ 104,000
Kings, New York 266 $ 114,921,000 $ 432,033 $ 113,000
Richmond, New York 196 $ 62,698,000 $ 319,887 $ 105,000
Hudson, New Jersey 132 $ 46,267,000 $ 350,507 $ 143,000
Ocean, New Jersey 121 $ 27,612,000 $ 228,198 $ 95,000
Passaic, New Jersey 111 $ 24,127,000 $ 217,360 $ 81,000
Monmouth, New Jersey 110 $ 33,569,000 $ 305,172 $ 164,000
Bronx, New York 103 $ 35,188,000 $ 341,631 $ 91,000
Westchester, New York 89 $ 32,273,000 $ 362,617 $ 127,000
Middlesex, New Jersey 88 $ 24,128,000 $ 274,181 $ 115,000
Bergen, New Jersey 80 $ 25,286,000 $ 316,075 $ 118,000
Essex, New Jersey 74 $ 18,639,000 $ 251,878 $ 110,000
Morris, New Jersey 53 $ 15,133,000 $ 285,528 $ 117,000
New York, New York 42 $ 22,350,000 $ 532,142 $ 187,000
Union, New Jersey 35 $ 7,704,000 $ 220,114 $ 106,000
Orange, New York 30 $ 7,618,000 $ 253,933 $ 117,000
Broward, Florida 26 $ 5,442,000 $ 209,307 $ 128,000
Atlantic, New Jersey 26 $ 5,819,000 $ 223,807 $ 155,000
Dutchess, New York 24 $ 6,871,000 $ 286,291 $ 97,000
Rockland, New York 22 $ 7,648,000 $ 347,636 $ 134,000
Erie, New York 21 $ 3,018,000 $ 143,714 $ 71,000
Palm Beach, Florida 20 $ 5,256,000 $ 262,800 $ 106,000
Burlington, New Jersey 20 $ 4,515,000 $ 225,750 $ 97,000
Cape May, New Jersey 18 $ 5,129,000 $ 284,944 $ 305,000
Philadelphia, Pennsylvania 17 $ 3,626,000 $ 213,294 $ 123,000
Sussex, New Jersey 16 $ 3,278,000 $ 204,875 $ 78,000
Warren, New Jersey 16 $ 3,070,000 $ 191,875 $ 88,000
Somerset, New Jersey 15 $ 4,270,000 $ 284,666 $ 140,000
Fairfield, Connecticut 14 $ 6,469,000 $ 462,071 $ 158,000
Middlesex, Massachusetts 14 $ 4,125,000 $ 294,642 $ 117,000
Camden, New Jersey 13 $ 2,876,000 $ 221,230 $ 107,000
Lee, Florida 11 $ 1,500,000 $ 136,363 $ 114,000
Albany, New York 11 $ 2,415,000 $ 219,545 $ 95,000
Hartford, Connecticut 10 $ 1,861,000 $ 186,100 $ 83,000
Orange, Florida 10 $ 2,229,000 $ 222,900 $ 139,000
Mercer, New Jersey 10 $ 2,025,000 $ 202,500 $ 57,000
Onondaga, New York 10 $ 1,194,000 $ 119,400 $ 65,000
Putnam, New York 10 $ 2,429,000 $ 242,900 $ 96,000
New Haven, Connecticut 9 $ 1,619,000 $ 179,888 $ 93,000
Miami-Dade, Florida 9 $ 1,703,000 $ 189,222 $ 97,000
Prince George's, Maryland 9 $ 2,520,000 $ 280,000 $ 119,000
Ulster, New York 9 $ 1,561,000 $ 173,444 $ 70,000
Delaware, Pennsylvania 9 $ 2,575,000 $ 286,111 $ 104,000
Worcester, Massachusetts 8 $ 1,568,000 $ 196,000 $ 121,000
Bucks, Pennsylvania 7 $ 1,528,000 $ 218,285 $ 103,000
Chester, Pennsylvania 7 $ 1,535,000 $ 219,285 $ 100,000
Monroe, Pennsylvania 7 $ 1,438,000 $ 205,428 $ 111,000
Los Angeles, California 6 $ 3,539,000 $ 589,833 $ 184,000
Sarasota, Florida 6 $ 1,678,000 $ 279,666 $ 80,000
Charles, Maryland 6 $ 1,948,000 $ 324,666 $ 115,000
Oneida, New York 6 $ 527,000 $ 87,833 $ 67,000
Rensselaer, New York 6 $ 934,000 $ 155,666 $ 89,000
Allegheny, Pennsylvania 6 $ 1,212,000 $ 202,000 $ 83,000
Hillsborough, Florida 5 $ 873,000 $ 174,600 $ 79,000
Pinellas, Florida 5 $ 1,061,000 $ 212,200 $ 139,000
Baltimore, Maryland 5 $ 1,047,000 $ 209,400 $ 98,000
Barnstable, Massachusetts 5 $ 1,008,000 $ 201,600 $ 115,000
Essex, Massachusetts 5 $ 1,766,000 $ 353,200 $ 114,000
Hampden, Massachusetts 5 $ 966,000 $ 193,200 $ 114,000
Livingston, New York 5 $ 708,000 $ 141,600 $ 82,000
Ontario, New York 5 $ 1,046,000 $ 209,200 $ 95,000
Saratoga, New York 5 $ 847,000 $ 169,400 $ 75,000
Sullivan, New York 5 $ 598,000 $ 119,600 $ 115,000
Berks, Pennsylvania 5 $ 1,014,000 $ 202,800 $ 96,000
Northampton, Pennsylvania 5 $ 1,239,000 $ 247,800 $ 125,000
Collier, Florida 4 $ 566,000 $ 141,500 $ 81,000
St. Lucie, Florida 4 $ 606,000 $ 151,500 $ 74,000
Gwinnett, Georgia 4 $ 560,000 $ 140,000 $ 69,000
Baltimore City, Maryland 4 $ 585,000 $ 146,250 $ 28,000
Montgomery, Maryland 4 $ 666,000 $ 166,500 $ 75,000
Norfolk, Massachusetts 4 $ 1,491,000 $ 372,750 $ 180,000
Gloucester, New Jersey 4 $ 1,067,000 $ 266,750 $ 102,000
Hunterdon, New Jersey 4 $ 2,023,000 $ 505,750 $ 209,000
Onslow, North Carolina 4 $ 288,000 $ 72,000 $ 106,000
Sacramento, California 3 $ 1,160,000 $ 386,666 $ 109,000
Middlesex, Connecticut 3 $ 883,000 $ 294,333 $ 97,000
New London, Connecticut 3 $ 656,000 $ 218,666 $ 73,000
Duval, Florida 3 $ 495,000 $ 165,000 $ 141,000
Levy, Florida 3 $ 444,000 $ 148,000 $ 84,000
Marion, Florida 3 $ 508,000 $ 169,333 $ 66,000
Martin, Florida 3 $ 983,000 $ 327,666 $ 130,000
Volusia, Florida 3 $ 457,000 $ 152,333 $ 69,000
DeKalb, Georgia 3 $ 637,000 $ 212,333 $ 177,000
Howard, Maryland 3 $ 1,239,000 $ 413,000 $ 130,000
Broome, New York 3 $ 606,000 $ 202,000 $ 118,000
Cayuga, New York 3 $ 465,000 $ 155,000 $ 64,000
Columbia, New York 3 $ 647,000 $ 215,666 $ 122,000
Delaware, New York 3 $ 461,000 $ 153,666 $ 56,000
Genesee, New York 3 $ 391,000 $ 130,333 $ 78,000
Madison, New York 3 $ 452,000 $ 150,666 $ 120,000
Monroe, New York 3 $ 380,000 $ 126,666 $ 70,000
Schenectady, New York 3 $ 297,000 $ 99,000 $ 51,000
Mecklenburg, North Carolina 3 $ 434,000 $ 144,666 $ 63,000
Lehigh, Pennsylvania 3 $ 494,000 $ 164,666 $ 59,000
Pike, Pennsylvania 3 $ 556,000 $ 185,333 $ 97,000
Westmoreland, Pennsylvania 3 $ 362,000 $ 120,666 $ 50,000
York, Pennsylvania 3 $ 710,000 $ 236,666 $ 157,000
Alachua, Florida 2 $ 322,000 $ 161,000 $ 75,000
Lake, Florida 2 $ 297,000 $ 148,500 $ 157,000
Osceola, Florida 2 $ 321,000 $ 160,500 $ 60,000
Seminole, Florida 2 $ 398,000 $ 199,000 $ 90,000
St. Johns, Florida 2 $ 292,000 $ 146,000 $ 50,000
Sumter, Florida 2 $ 425,000 $ 212,500 $ 159,000
Fulton, Georgia 2 $ 659,000 $ 329,500 $ 237,000
Anne Arundel, Maryland 2 $ 534,000 $ 267,000 $ 69,000
Bristol, Massachusetts 2 $ 621,000 $ 310,500 $ 109,000
Plymouth, Massachusetts 2 $ 326,000 $ 163,000 $ 54,000
Suffolk, Massachusetts 2 $ 360,000 $ 180,000 $ 51,000
Chautauqua, New York 2 $ 321,000 $ 160,500 $ 66,000
Orleans, New York 2 $ 361,000 $ 180,500 $ 37,000
Otsego, New York 2 $ 391,000 $ 195,500 $ 124,000
Schoharie, New York 2 $ 293,000 $ 146,500 $ 95,000
St. Lawrence, New York 2 $ 299,000 $ 149,500 $ 70,000
Washington, New York 2 $ 412,000 $ 206,000 $ 75,000
Caldwell, North Carolina 2 $ 358,000 $ 179,000 $ 70,000
Forsyth, North Carolina 2 $ 228,000 $ 114,000 $ 18,000
Guilford, North Carolina 2 $ 250,000 $ 125,000 $ 54,000
Johnston, North Carolina 2 $ 366,000 $ 183,000 $ 64,000
Wake, North Carolina 2 $ 390,000 $ 195,000 $ 83,000
Cumberland, Pennsylvania 2 $ 518,000 $ 259,000 $ 54,000
Dauphin, Pennsylvania 2 $ 245,000 $ 122,500 $ 116,000
Lackawanna, Pennsylvania 2 $ 283,000 $ 141,500 $ 58,000
Montgomery, Pennsylvania 2 $ 474,000 $ 237,000 $ 61,000
Alameda, California 1 $ 448,000 $ 448,000 $ 96,000
Orange, California 1 $ 192,000 $ 192,000 $ 137,000
San Diego, California 1 $ 400,000 $ 400,000 $ 104,000
San Mateo, California 1 $ 375,000 $ 375,000 $ 136,000
Clay, Florida 1 $ 259,000 $ 259,000 $ 83,000
Escambia, Florida 1 $ 202,000 $ 202,000 $ 64,000
Monroe, Florida 1 $ 254,000 $ 254,000 $ 276,000
Nassau, Florida 1 $ 141,000 $ 141,000 $ 39,000
Okaloosa, Florida 1 $ 343,000 $ 343,000 $ 211,000
Polk, Florida 1 $ 128,000 $ 128,000 $ 33,000
Putnam, Florida 1 $ 167,000 $ 167,000 $ 185,000
Wakulla, Florida 1 $ 117,000 $ 117,000 $ 43,000
Carroll, Georgia 1 $ 175,000 $ 175,000 $ 44,000
Clarke, Georgia 1 $ 303,000 $ 303,000 $ 119,000
Cobb, Georgia 1 $ 173,000 $ 173,000 $ 79,000
Coffee, Georgia 1 $ 138,000 $ 138,000 $ 41,000
Fayette, Georgia 1 $ 215,000 $ 215,000 $ 93,000
Lee, Georgia 1 $ 130,000 $ 130,000 $ 56,000
Paulding, Georgia 1 $ 137,000 $ 137,000 $ 69,000
Rockdale, Georgia 1 $ 88,000 $ 88,000 $ 61,000
Walton, Georgia 1 $ 160,000 $ 160,000 $ 62,000
Carroll, Maryland 1 $ 288,000 $ 288,000 $ 54,000
Dorchester, Maryland 1 $ 122,000 $ 122,000 $ 75,000
Harford, Maryland 1 $ 139,000 $ 139,000 $ 49,000
Kent, Maryland 1 $ 194,000 $ 194,000 $ 83,000
Queen Anne's, Maryland 1 $ 228,000 $ 228,000 $ 101,000
St. Mary's, Maryland 1 $ 328,000 $ 328,000 $ 152,000
Wicomico, Maryland 1 $ 65,000 $ 65,000 $ 33,000
Berkshire, Massachusetts 1 $ 141,000 $ 141,000 $ 48,000
Franklin, New York 1 $ 120,000 $ 120,000 $ 39,000
Jefferson, New York 1 $ 107,000 $ 107,000 $ 99,000
Niagara, New York 1 $ 155,000 $ 155,000 $ 1,106,000
Oswego, New York 1 $ 105,000 $ 105,000 $ 70,000
Seneca, New York 1 $ 97,000 $ 97,000 $ 52,000
Steuben, New York 1 $ 270,000 $ 270,000 $ 250,000
Tioga, New York 1 $ 89,000 $ 89,000 $ 110,000
Alamance, North Carolina 1 $ 134,000 $ 134,000 $ 42,000
Alleghany, North Carolina 1 $ 117,000 $ 117,000 $ 24,000
Caswell, North Carolina 1 $ 126,000 $ 126,000 $ 79,000
Halifax, North Carolina 1 $ 172,000 $ 172,000 $ 60,000
Iredell, North Carolina 1 $ 81,000 $ 81,000 $ 33,000
Jones, North Carolina 1 $ 105,000 $ 105,000 $ 0
Pitt, North Carolina 1 $ 177,000 $ 177,000 $ 67,000
Randolph, North Carolina 1 $ 138,000 $ 138,000 $ 65,000
Richmond, North Carolina 1 $ 41,000 $ 41,000 $ 39,000
Vance, North Carolina 1 $ 99,000 $ 99,000 $ 80,000
Adams, Pennsylvania 1 $ 192,000 $ 192,000 $ 60,000
Beaver, Pennsylvania 1 $ 132,000 $ 132,000 $ 94,000
Blair, Pennsylvania 1 $ 173,000 $ 173,000 $ 61,000
Butler, Pennsylvania 1 $ 285,000 $ 285,000 $ 52,000
Carbon, Pennsylvania 1 $ 136,000 $ 136,000 $ 92,000
Franklin, Pennsylvania 1 $ 126,000 $ 126,000 $ 96,000
Lancaster, Pennsylvania 1 $ 155,000 $ 155,000 $ 51,000
Lycoming, Pennsylvania 1 $ 219,000 $ 219,000 $ 79,000
Perry, Pennsylvania 1 $ 146,000 $ 146,000 $ 112,000
Venango, Pennsylvania 1 $ 123,000 $ 123,000 $ 71,000
Wayne, Pennsylvania 1 $ 121,000 $ 121,000 $ 50,000

Mortgage Loan Application Detail Totals for Vanguard Funding LLC in 2014

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 2,066 $615,332,000 $297,000 $1,520,000 $112,000 $1,750,000
Refinancing 1,480 $463,889,000 $313,000 $2,200,000 $121,000 $2,117,000
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 2,185 $671,844,000 $307,000 $2,200,000 $126,000 $2,117,000
Black or African American 597 $180,782,000 $302,000 $1,007,000 $97,000 $1,106,000
Hispanic 518 $140,192,000 $270,000 $1,090,000 $85,000 $838,000
Asian 203 $73,213,000 $360,000 $1,500,000 $137,000 $950,000
Not Provided 29 $8,562,000 $295,000 $581,000 $147,000 $480,000
Native Hawaiian or Other Pacific Islander 8 $2,748,000 $343,000 $609,000 $128,000 $265,000
American Indian or Alaskan Native 6 $1,880,000 $313,000 $450,000 $89,000 $146,000
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 2,147 $667,233,000 $310,000 $2,200,000 $130,000 $2,117,000
FHA-insured (Federal Housing Administration) 1,370 $404,079,000 $294,000 $1,039,000 $93,000 $1,106,000
VA-guaranteed (Veterans Administration) 18 $5,937,000 $329,000 $701,000 $88,000 $193,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 11 $1,972,000 $179,000 $251,000 $69,000 $99,000

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 1,961 $591,365,000 $301,000 $1,388,000 $114,000 $2,117,000
Application Withdrawn By Applicant 908 $291,193,000 $320,000 $2,200,000 $121,000 $2,117,000
Application Approved But Not Accepted 291 $82,872,000 $284,000 $900,000 $104,000 $575,000
File Closed For Incompleteness 252 $81,674,000 $324,000 $1,520,000 $139,000 $1,896,000
Application Denied By Financial Institution 134 $32,117,000 $239,000 $900,000 $81,000 $304,000
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
Credit History 22 $4,973,000 $226,000 $515,000 $80,000 $176,000
Debt-To-Income Ratio 22 $5,869,000 $266,000 $900,000 $60,000 $130,000
Collateral 11 $2,405,000 $218,000 $469,000 $111,000 $285,000
Other 7 $1,024,000 $146,000 $229,000 $62,000 $91,000
Employment History 5 $1,425,000 $285,000 $382,000 $79,000 $121,000
Insufficient Cash (Downpayment, Closing Cost) 5 $1,949,000 $389,000 $575,000 $105,000 $165,000
Unverifiable Information 2 $665,000 $332,000 $360,000 $149,000 $225,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Vanguard Funding LLC's 2014 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 Vanguard Funding 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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