Veritas Funding, LLC Mortgage Lending & HMDA Data, 2023
In 2023, Veritas Funding, LLC of Midvale, UT reported 2,831 mortgage applications totaling $907.3 million, down 22% from 2022. The average application was for $320,492, and applicants reported an average income of $96,093. 38% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Salt Lake City, UT (296), Atlanta-Sandy Springs-Roswell, GA (144) and Provo-Orem, UT (134) (applications in parentheses).
| Mortgage Company & Address | Veritas Funding, LLC Morgun Hall Midvale, UT 84047 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 2006 |
| Total Number of Mortgage Applications | 2,831 |
| Total Mortgage Loan Application Amount | $907,315,000 |
| Average Mortgage Loan Application Amount | $320,492 |
| Highest Mortgage Loan Application Amount | $4,305,000 |
| Average Applicant Income | $96,093 |
| Highest Applicant Income | $6,823,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Veritas Funding, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Salt Lake City, UT | 296 | $ 121,600,000 | $ 410,810 | $ 129,000 |
| Outside any metro area | 229 | $ 64,865,000 | $ 283,253 | $ 102,777 |
| Atlanta-Sandy Springs-Roswell, GA | 144 | $ 39,580,000 | $ 274,861 | $ 76,000 |
| Provo-Orem, UT | 134 | $ 58,830,000 | $ 439,029 | $ 130,000 |
| Ogden-Clearfield, UT | 92 | $ 39,560,000 | $ 430,000 | $ 200,000 |
| Phoenix-Mesa-Scottsdale, AZ | 89 | $ 26,625,000 | $ 299,157 | $ 79,000 |
| Tampa-St. Petersburg-Clearwater, FL | 85 | $ 22,695,000 | $ 267,000 | $ 74,000 |
| Riverside-San Bernardino-Ontario, CA | 73 | $ 23,175,000 | $ 317,465 | $ 79,000 |
| Idaho Falls, ID | 69 | $ 24,205,000 | $ 350,797 | $ 116,000 |
| Charlotte-Concord-Gastonia, NC-SC | 66 | $ 17,870,000 | $ 270,757 | $ 73,363 |
| Orlando-Kissimmee-Sanford, FL | 49 | $ 14,245,000 | $ 290,714 | $ 81,000 |
| Las Vegas-Henderson-Paradise, NV | 48 | $ 14,500,000 | $ 302,083 | $ 79,000 |
| Hanford-Corcoran, CA | 43 | $ 12,195,000 | $ 283,604 | $ 83,000 |
| Los Angeles-Long Beach-Glendale, CA | 37 | $ 20,135,000 | $ 544,189 | $ 104,000 |
| St. George, UT | 34 | $ 14,120,000 | $ 415,294 | $ 140,000 |
| Visalia-Porterville, CA | 34 | $ 8,540,000 | $ 251,176 | $ 85,000 |
| Chicago-Naperville, IL | 31 | $ 8,325,000 | $ 268,548 | $ 85,000 |
| San Diego-Carlsbad, CA | 31 | $ 14,855,000 | $ 479,193 | $ 105,000 |
| Tucson, AZ | 30 | $ 7,300,000 | $ 243,333 | $ 63,000 |
| Boise City, ID | 29 | $ 10,685,000 | $ 368,448 | $ 162,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 29 | $ 7,205,000 | $ 248,448 | $ 74,758 |
| Denver-Aurora-Lakewood, CO | 28 | $ 10,320,000 | $ 368,571 | $ 103,000 |
| Raleigh, NC | 26 | $ 8,150,000 | $ 313,461 | $ 85,000 |
| Charleston-North Charleston, SC | 25 | $ 7,605,000 | $ 304,200 | $ 71,000 |
| Greenville-Anderson-Mauldin, SC | 25 | $ 7,135,000 | $ 285,400 | $ 71,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 25 | $ 8,615,000 | $ 344,600 | $ 78,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 24 | $ 5,820,000 | $ 242,500 | $ 82,000 |
| Miami-Miami Beach-Kendall, FL | 24 | $ 8,260,000 | $ 344,166 | $ 84,000 |
| Lakeland-Winter Haven, FL | 23 | $ 5,775,000 | $ 251,086 | $ 77,000 |
| North Port-Sarasota-Bradenton, FL | 23 | $ 7,105,000 | $ 308,913 | $ 81,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 23 | $ 6,765,000 | $ 294,130 | $ 74,000 |
| Indianapolis-Carmel-Anderson, IN | 22 | $ 5,140,000 | $ 233,636 | $ 69,000 |
| Jacksonville, FL | 22 | $ 5,850,000 | $ 265,909 | $ 90,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 22 | $ 5,980,000 | $ 271,818 | $ 74,000 |
| Port St. Lucie, FL | 22 | $ 6,310,000 | $ 286,818 | $ 86,000 |
| Fresno, CA | 21 | $ 5,575,000 | $ 265,476 | $ 71,000 |
| Albuquerque, NM | 20 | $ 5,420,000 | $ 271,000 | $ 63,000 |
| Gary, IN | 19 | $ 4,645,000 | $ 244,473 | $ 82,000 |
| Knoxville, TN | 18 | $ 4,690,000 | $ 260,555 | $ 70,000 |
| Camden, NJ | 17 | $ 4,005,000 | $ 235,588 | $ 83,000 |
| Bakersfield, CA | 16 | $ 4,260,000 | $ 266,250 | $ 85,000 |
| Colorado Springs, CO | 16 | $ 4,680,000 | $ 292,500 | $ 77,000 |
| Columbus, OH | 16 | $ 3,490,000 | $ 218,125 | $ 71,000 |
| Eugene, OR | 16 | $ 4,640,000 | $ 290,000 | $ 83,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 16 | $ 5,350,000 | $ 334,375 | $ 94,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 15 | $ 3,865,000 | $ 257,666 | $ 69,000 |
| St. Louis, MO-IL | 15 | $ 3,445,000 | $ 229,666 | $ 74,666 |
| Kansas City, MO-KS | 14 | $ 3,930,000 | $ 280,714 | $ 92,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 14 | $ 4,510,000 | $ 322,142 | $ 99,214 |
| Cape Coral-Fort Myers, FL | 13 | $ 3,295,000 | $ 253,461 | $ 65,000 |
| Cincinnati, OH-KY-IN | 12 | $ 2,420,000 | $ 201,666 | $ 68,000 |
| Greeley, CO | 12 | $ 3,930,000 | $ 327,500 | $ 108,000 |
| Seattle-Bellevue-Everett, WA | 12 | $ 5,690,000 | $ 474,166 | $ 118,000 |
| Cleveland-Elyria, OH | 11 | $ 2,465,000 | $ 224,090 | $ 80,000 |
| Columbia, SC | 11 | $ 2,585,000 | $ 235,000 | $ 87,000 |
| Milwaukee-Waukesha-West Allis, WI | 11 | $ 2,475,000 | $ 225,000 | $ 68,000 |
| New York-Newark, NY | 11 | $ 3,885,000 | $ 353,181 | $ 95,000 |
| Newark, NJ-PA | 11 | $ 3,425,000 | $ 311,363 | $ 103,000 |
| Palm Bay-Melbourne-Titusville, FL | 11 | $ 2,805,000 | $ 255,000 | $ 82,000 |
| Stockton-Lodi, CA | 11 | $ 3,605,000 | $ 327,727 | $ 97,000 |
| Tacoma-Lakewood, WA | 11 | $ 4,355,000 | $ 395,909 | $ 130,000 |
| Vallejo-Fairfield, CA | 11 | $ 4,675,000 | $ 425,000 | $ 91,000 |
| Asheville, NC | 10 | $ 3,460,000 | $ 346,000 | $ 82,000 |
| Austin-Round Rock, TX | 10 | $ 2,980,000 | $ 298,000 | $ 78,000 |
| Greensboro-High Point, NC | 10 | $ 2,460,000 | $ 246,000 | $ 64,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 10 | $ 2,890,000 | $ 289,000 | $ 158,000 |
| Cheyenne, WY | 9 | $ 2,125,000 | $ 236,111 | $ 66,000 |
| Little Rock-North Little Rock-Conway, AR | 9 | $ 2,155,000 | $ 239,444 | $ 80,000 |
| Memphis, TN-MS-AR | 9 | $ 2,675,000 | $ 297,222 | $ 81,111 |
| Oakland-Hayward-Berkeley, CA | 9 | $ 5,765,000 | $ 640,555 | $ 137,000 |
| Salem, OR | 9 | $ 2,585,000 | $ 287,222 | $ 71,000 |
| Grand Junction, CO | 8 | $ 2,080,000 | $ 260,000 | $ 68,000 |
| Modesto, CA | 8 | $ 2,370,000 | $ 296,250 | $ 64,000 |
| Twin Falls, ID | 8 | $ 2,110,000 | $ 263,750 | $ 76,000 |
| Chattanooga, TN-GA | 7 | $ 1,675,000 | $ 239,285 | $ 84,000 |
| Elgin, IL | 7 | $ 1,985,000 | $ 283,571 | $ 108,000 |
| Johnson City, TN | 7 | $ 1,525,000 | $ 217,857 | $ 65,000 |
| Reno, NV | 7 | $ 2,475,000 | $ 353,571 | $ 92,000 |
| Savannah, GA | 7 | $ 2,065,000 | $ 295,000 | $ 65,000 |
| Sebastian-Vero Beach, FL | 7 | $ 1,745,000 | $ 249,285 | $ 81,000 |
| Atlantic City-Hammonton, NJ | 6 | $ 1,550,000 | $ 258,333 | $ 78,000 |
| Kingsport-Bristol-Bristol, TN-VA | 6 | $ 1,470,000 | $ 245,000 | $ 61,000 |
| Medford, OR | 6 | $ 1,590,000 | $ 265,000 | $ 67,000 |
| New York-Jersey City-White Plains, NY-NJ | 6 | $ 1,990,000 | $ 331,666 | $ 100,000 |
| Prescott Valley-Prescott, AZ | 6 | $ 1,570,000 | $ 261,666 | $ 75,000 |
| Spokane-Spokane Valley, WA | 6 | $ 1,340,000 | $ 223,333 | $ 61,000 |
| Springfield, MO | 6 | $ 1,420,000 | $ 236,666 | $ 75,000 |
| Winston-Salem, NC | 6 | $ 1,380,000 | $ 230,000 | $ 64,000 |
| Akron, OH | 5 | $ 1,525,000 | $ 305,000 | $ 75,000 |
| Anaheim-Santa Ana-Irvine, CA | 5 | $ 2,385,000 | $ 477,000 | $ 103,000 |
| Durham-Chapel Hill, NC | 5 | $ 1,165,000 | $ 233,000 | $ 63,000 |
| Fayetteville, NC | 5 | $ 1,255,000 | $ 251,000 | $ 75,000 |
| Gainesville, GA | 5 | $ 1,565,000 | $ 313,000 | $ 79,000 |
| Longview, WA | 5 | $ 1,415,000 | $ 283,000 | $ 74,000 |
| Madison, WI | 5 | $ 1,115,000 | $ 223,000 | $ 73,000 |
| Naples-Immokalee-Marco Island, FL | 5 | $ 1,555,000 | $ 311,000 | $ 68,000 |
| Panama City, FL | 5 | $ 1,575,000 | $ 315,000 | $ 70,000 |
| Pueblo, CO | 5 | $ 1,105,000 | $ 221,000 | $ 66,000 |
| Santa Rosa, CA | 5 | $ 1,745,000 | $ 349,000 | $ 73,000 |
| Yakima, WA | 5 | $ 1,135,000 | $ 227,000 | $ 74,000 |
| Augusta-Richmond County, GA-SC | 4 | $ 940,000 | $ 235,000 | $ 76,000 |
| Bend-Redmond, OR | 4 | $ 1,460,000 | $ 365,000 | $ 95,000 |
| Casper, WY | 4 | $ 740,000 | $ 185,000 | $ 44,000 |
| Clarksville, TN-KY | 4 | $ 1,480,000 | $ 370,000 | $ 89,000 |
| Jacksonville, NC | 4 | $ 1,390,000 | $ 347,500 | $ 120,000 |
| Lake Havasu City-Kingman, AZ | 4 | $ 930,000 | $ 232,500 | $ 66,000 |
| Merced, CA | 4 | $ 1,160,000 | $ 290,000 | $ 71,000 |
| Olympia-Tumwater, WA | 4 | $ 1,720,000 | $ 430,000 | $ 151,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 4 | $ 2,480,000 | $ 620,000 | $ 156,000 |
| Pensacola-Ferry Pass-Brent, FL | 4 | $ 1,310,000 | $ 327,500 | $ 98,000 |
| Punta Gorda, FL | 4 | $ 1,530,000 | $ 382,500 | $ 76,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 4 | $ 3,100,000 | $ 775,000 | $ 145,000 |
| Tallahassee, FL | 4 | $ 990,000 | $ 247,500 | $ 90,000 |
| Wilmington, NC | 4 | $ 910,000 | $ 227,500 | $ 86,000 |
| Billings, MT | 3 | $ 555,000 | $ 185,000 | $ 77,000 |
| Bremerton-Silverdale, WA | 3 | $ 985,000 | $ 328,333 | $ 94,000 |
| Canton-Massillon, OH | 3 | $ 525,000 | $ 175,000 | $ 55,000 |
| Chico, CA | 3 | $ 515,000 | $ 171,666 | $ 60,000 |
| Coeur D'Alene, ID | 3 | $ 625,000 | $ 208,333 | $ 47,000 |
| Elkhart-Goshen, IN | 3 | $ 685,000 | $ 228,333 | $ 79,000 |
| Flagstaff, AZ | 3 | $ 925,000 | $ 308,333 | $ 84,000 |
| Las Cruces, NM | 3 | $ 595,000 | $ 198,333 | $ 60,000 |
| Lewiston, ID-WA | 3 | $ 605,000 | $ 201,666 | $ 60,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 695,000 | $ 231,666 | $ 60,000 |
| Redding, CA | 3 | $ 655,000 | $ 218,333 | $ 76,000 |
| Rocky Mount, NC | 3 | $ 625,000 | $ 208,333 | $ 57,000 |
| Salinas, CA | 3 | $ 1,245,000 | $ 415,000 | $ 113,000 |
| Yuba City, CA | 3 | $ 925,000 | $ 308,333 | $ 64,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 820,000 | $ 410,000 | $ 110,000 |
| Athens-Clarke County, GA | 2 | $ 410,000 | $ 205,000 | $ 56,000 |
| Bloomington, IL | 2 | $ 390,000 | $ 195,000 | $ 79,000 |
| Boulder, CO | 2 | $ 880,000 | $ 440,000 | $ 150,000 |
| Columbia, MO | 2 | $ 410,000 | $ 205,000 | $ 74,000 |
| El Centro, CA | 2 | $ 390,000 | $ 195,000 | $ 65,000 |
| Farmington, NM | 2 | $ 480,000 | $ 240,000 | $ 84,000 |
| Fort Collins, CO | 2 | $ 690,000 | $ 345,000 | $ 59,000 |
| Fort Wayne, IN | 2 | $ 370,000 | $ 185,000 | $ 72,000 |
| Hickory-Lenoir-Morganton, NC | 2 | $ 360,000 | $ 180,000 | $ 66,000 |
| Homosassa Springs, FL | 2 | $ 380,000 | $ 190,000 | $ 56,000 |
| Hot Springs, AR | 2 | $ 420,000 | $ 210,000 | $ 60,000 |
| La Crosse-Onalaska, WI-MN | 2 | $ 460,000 | $ 230,000 | $ 46,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 690,000 | $ 345,000 | $ 143,000 |
| Madera, CA | 2 | $ 490,000 | $ 245,000 | $ 73,000 |
| Mount Vernon-Anacortes, WA | 2 | $ 820,000 | $ 410,000 | $ 87,000 |
| Racine, WI | 2 | $ 540,000 | $ 270,000 | $ 110,000 |
| San Antonio-New Braunfels, TX | 2 | $ 790,000 | $ 395,000 | $ 190,000 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 1,590,000 | $ 795,000 | $ 144,000 |
| Toledo, OH | 2 | $ 510,000 | $ 255,000 | $ 63,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 400,000 | $ 200,000 | $ 47,000 |
| Warner Robins, GA | 2 | $ 480,000 | $ 240,000 | $ 75,000 |
| Youngstown-Warren-Boardman, OH-PA | 2 | $ 260,000 | $ 130,000 | $ 54,000 |
| Yuma, AZ | 2 | $ 600,000 | $ 300,000 | $ 67,000 |
| Albany, GA | 1 | $ 225,000 | $ 225,000 | $ 95,000 |
| Albany, OR | 1 | $ 445,000 | $ 445,000 | $ 110,000 |
| Appleton, WI | 1 | $ 205,000 | $ 205,000 | $ 65,000 |
| Bellingham, WA | 1 | $ 555,000 | $ 555,000 | $ 127,000 |
| Carson City, NV | 1 | $ 285,000 | $ 285,000 | $ 77,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 235,000 | $ 235,000 | $ 50,000 |
| Dallas-Plano-Irving, TX | 1 | $ 335,000 | $ 335,000 | $ 150,000 |
| Dalton, GA | 1 | $ 185,000 | $ 185,000 | $ 31,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 395,000 | $ 395,000 | $ 110,000 |
| Des Moines-West Des Moines, IA | 1 | $ 145,000 | $ 145,000 | $ 110,000 |
| Dubuque, IA | 1 | $ 235,000 | $ 235,000 | $ 71,000 |
| Gainesville, FL | 1 | $ 245,000 | $ 245,000 | $ 140,000 |
| Goldsboro, NC | 1 | $ 215,000 | $ 215,000 | $ 55,000 |
| Grants Pass, OR | 1 | $ 585,000 | $ 585,000 | $ 92,000 |
| Green Bay, WI | 1 | $ 375,000 | $ 375,000 | $ 166,000 |
| Greenville, NC | 1 | $ 205,000 | $ 205,000 | $ 58,000 |
| Jackson, TN | 1 | $ 355,000 | $ 355,000 | $ 122,000 |
| Joplin, MO | 1 | $ 255,000 | $ 255,000 | $ 92,000 |
| Kennewick-Richland, WA | 1 | $ 245,000 | $ 245,000 | $ 69,000 |
| Killeen-Temple, TX | 1 | $ 85,000 | $ 85,000 | $ 47,000 |
| Lafayette-West Lafayette, IN | 1 | $ 175,000 | $ 175,000 | $ 43,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 205,000 | $ 205,000 | $ 53,000 |
| Ocala, FL | 1 | $ 255,000 | $ 255,000 | $ 70,000 |
| Pocatello, ID | 1 | $ 195,000 | $ 195,000 | $ 75,000 |
| San Angelo, TX | 1 | $ 545,000 | $ 545,000 | $ 265,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 305,000 | $ 305,000 | $ 65,000 |
| Santa Fe, NM | 1 | $ 235,000 | $ 235,000 | $ 41,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 315,000 | $ 315,000 | $ 55,000 |
| Sebring, FL | 1 | $ 145,000 | $ 145,000 | $ 40,000 |
| Sheboygan, WI | 1 | $ 275,000 | $ 275,000 | $ 55,000 |
| Sierra Vista-Douglas, AZ | 1 | $ 195,000 | $ 195,000 | $ 50,000 |
| Spartanburg, SC | 1 | $ 225,000 | $ 225,000 | $ 61,000 |
| The Villages, FL | 1 | $ 215,000 | $ 215,000 | $ 150,000 |
| Trenton, NJ | 1 | $ 225,000 | $ 225,000 | $ 57,000 |
| Tyler, TX | 1 | $ 305,000 | $ 305,000 | $ 96,000 |
| Valdosta, GA | 1 | $ 225,000 | $ 225,000 | $ 74,000 |
| Vineland-Bridgeton, NJ | 1 | $ 145,000 | $ 145,000 | $ 49,000 |
| Wausau, WI | 1 | $ 135,000 | $ 135,000 | $ 58,000 |
| Wenatchee, WA | 1 | $ 225,000 | $ 225,000 | $ 41,000 |
Mortgage Loan Application Detail Totals for Veritas Funding, LLC in 2023
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 2,088 | $607,050,000 | $290,000 | $4,305,000 | $81,000 | $2,421,000 |
| Home Purchase | 650 | $267,910,000 | $412,000 | $1,365,000 | $139,000 | $6,823,000 |
| Refinancing | 87 | $29,635,000 | $340,000 | $755,000 | $132,000 | $640,000 |
| Other Purpose | 6 | $2,720,000 | $453,000 | $905,000 | $180,000 | $500,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 1,732 | $505,030,000 | $291,000 | $4,305,000 | $81,000 | $2,421,000 |
| White | 638 | $235,100,000 | $368,000 | $1,365,000 | $133,000 | $6,823,000 |
| Hispanic | 323 | $119,175,000 | $368,000 | $895,000 | $107,000 | $807,000 |
| Black or African American | 98 | $30,460,000 | $310,000 | $605,000 | $86,000 | $390,000 |
| Asian | 19 | $8,235,000 | $433,000 | $675,000 | $118,000 | $458,000 |
| American Indian or Alaskan Native | 9 | $3,135,000 | $348,000 | $515,000 | $100,000 | $173,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $4,320,000 | $540,000 | $1,365,000 | $119,000 | $250,000 |
| Not applicable | 1 | $305,000 | $305,000 | $305,000 | $69,000 | $69,000 |
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) | 1,457 | $425,095,000 | $291,000 | $765,000 | $83,000 | $555,000 |
| VA-guaranteed (Veterans Administration) | 716 | $234,900,000 | $328,000 | $1,165,000 | $84,000 | $2,421,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 653 | $245,925,000 | $376,000 | $4,305,000 | $140,000 | $6,823,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $1,395,000 | $279,000 | $385,000 | $91,000 | $116,000 |
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 |
|---|---|---|---|---|---|---|
| File Closed For Incompleteness | 1,401 | $423,275,000 | $302,000 | $1,365,000 | $91,000 | $6,823,000 |
| Loan Originated | 1,070 | $364,490,000 | $340,000 | $1,165,000 | $106,000 | $1,800,000 |
| Application Withdrawn By Applicant | 133 | $49,715,000 | $373,000 | $4,305,000 | $106,000 | $469,000 |
| Application Denied By Financial Institution | 122 | $38,880,000 | $318,000 | $805,000 | $80,000 | $419,000 |
| Application Approved But Not Accepted | 105 | $30,955,000 | $294,000 | $655,000 | $89,000 | $370,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,709 | $868,435,000 | $320,000 | $4,305,000 | $97,000 | $6,823,000 |
| Debt-To-Income Ratio | 47 | $16,535,000 | $351,000 | $675,000 | $76,000 | $195,000 |
| Credit History | 31 | $9,265,000 | $298,000 | $585,000 | $84,000 | $214,000 |
| Collateral | 24 | $6,110,000 | $254,000 | $435,000 | $72,000 | $155,000 |
| Employment History | 11 | $3,645,000 | $331,000 | $555,000 | $73,000 | $127,000 |
| Credit Application Incomplete | 3 | $915,000 | $305,000 | $345,000 | $76,000 | $85,000 |
| Other | 3 | $1,235,000 | $411,000 | $605,000 | $94,000 | $150,000 |
| Unverifiable Information | 1 | $235,000 | $235,000 | $235,000 | $70,000 | $70,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $135,000 | $135,000 | $135,000 | $57,000 | $57,000 |
| Mortgage Insurance Denied | 1 | $805,000 | $805,000 | $805,000 | $419,000 | $419,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Veritas Funding, LLC's 2023 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 Veritas 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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