Clearpoint Funding, Inc. Mortgage Lending & HMDA Data, 2013
In 2013, Clearpoint Funding, Inc. of Westborough, MA reported 1,514 mortgage applications totaling $366.5 million, down 84% from 2012. The average application was for $242,086, and applicants reported an average income of $107,807. 62% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Boston-Quincy, MA (128), Washington-Arlington-Alexandria, DC-VA-MD-WV (123) and Cambridge-Newton-Framingham, MA (109) (applications in parentheses).
| Mortgage Company & Address | Clearpoint Funding, Inc. 4 Technology Drive, Suite 200 Westborough, MA 01581 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 1,514 |
| Total Mortgage Loan Application Amount | $366,519,000 |
| Average Mortgage Loan Application Amount | $242,086 |
| Highest Mortgage Loan Application Amount | $1,436,000 |
| Average Applicant Income | $107,807 |
| Highest Applicant Income | $1,510,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Clearpoint Funding, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Middlesex, Massachusetts | 109 | $ 28,567,000 | $ 262,082 | $ 116,000 |
| Los Angeles, California | 89 | $ 27,241,000 | $ 306,078 | $ 111,000 |
| Essex, Massachusetts | 67 | $ 18,808,000 | $ 280,716 | $ 125,000 |
| Norfolk, Massachusetts | 62 | $ 16,243,000 | $ 261,983 | $ 106,000 |
| Worcester, Massachusetts | 56 | $ 11,537,000 | $ 206,017 | $ 93,000 |
| Fairfax, Virginia | 54 | $ 16,816,000 | $ 311,407 | $ 121,000 |
| San Diego, California | 36 | $ 11,950,000 | $ 331,944 | $ 121,000 |
| Plymouth, Massachusetts | 35 | $ 8,339,000 | $ 238,257 | $ 113,000 |
| Orange, California | 34 | $ 10,694,000 | $ 314,529 | $ 115,000 |
| Hartford, Connecticut | 34 | $ 7,696,000 | $ 226,352 | $ 107,000 |
| Suffolk, Massachusetts | 31 | $ 9,904,000 | $ 319,483 | $ 131,000 |
| Barnstable, Massachusetts | 30 | $ 6,183,000 | $ 206,100 | $ 109,000 |
| Montgomery, Maryland | 29 | $ 8,005,000 | $ 276,034 | $ 126,000 |
| Bristol, Massachusetts | 29 | $ 6,498,000 | $ 224,068 | $ 87,000 |
| Hillsborough, New Hampshire | 29 | $ 5,490,000 | $ 189,310 | $ 87,000 |
| Cook, Illinois | 27 | $ 4,314,000 | $ 159,777 | $ 75,000 |
| Prince William, Virginia | 26 | $ 6,348,000 | $ 244,153 | $ 73,000 |
| Providence, Rhode Island | 21 | $ 3,258,000 | $ 155,142 | $ 70,000 |
| Fulton, Georgia | 20 | $ 4,596,000 | $ 229,800 | $ 124,000 |
| Anne Arundel, Maryland | 19 | $ 4,725,000 | $ 248,684 | $ 100,000 |
| Livingston, Michigan | 16 | $ 3,005,000 | $ 187,812 | $ 101,000 |
| Oakland, Michigan | 16 | $ 3,332,000 | $ 208,250 | $ 111,000 |
| Santa Clara, California | 15 | $ 5,612,000 | $ 374,133 | $ 125,000 |
| Alameda, California | 13 | $ 3,724,000 | $ 286,461 | $ 132,000 |
| Miami-Dade, Florida | 13 | $ 2,430,000 | $ 186,923 | $ 83,000 |
| Rockingham, New Hampshire | 13 | $ 2,709,000 | $ 208,384 | $ 83,000 |
| Washington, Rhode Island | 13 | $ 3,490,000 | $ 268,461 | $ 90,000 |
| Loudoun, Virginia | 13 | $ 3,873,000 | $ 297,923 | $ 99,000 |
| Ventura, California | 12 | $ 3,447,000 | $ 287,250 | $ 155,000 |
| Fairfield, Connecticut | 12 | $ 3,715,000 | $ 309,583 | $ 127,000 |
| York, Maine | 12 | $ 1,849,000 | $ 154,083 | $ 81,000 |
| District of Columbia, District Of Columbia | 11 | $ 4,260,000 | $ 387,272 | $ 252,000 |
| Macomb, Michigan | 11 | $ 1,588,000 | $ 144,363 | $ 67,000 |
| Henrico, Virginia | 11 | $ 2,620,000 | $ 238,181 | $ 134,000 |
| Riverside, California | 10 | $ 2,073,000 | $ 207,300 | $ 171,000 |
| Muskingum, Ohio | 10 | $ 1,286,000 | $ 128,600 | $ 60,000 |
| Harris, Texas | 10 | $ 1,805,000 | $ 180,500 | $ 102,000 |
| Contra Costa, California | 8 | $ 2,301,000 | $ 287,625 | $ 135,000 |
| San Bernardino, California | 8 | $ 2,123,000 | $ 265,375 | $ 292,000 |
| Gwinnett, Georgia | 8 | $ 1,624,000 | $ 203,000 | $ 99,000 |
| Howard, Maryland | 8 | $ 2,218,000 | $ 277,250 | $ 133,000 |
| Prince George's, Maryland | 8 | $ 1,553,000 | $ 194,125 | $ 72,000 |
| Hampden, Massachusetts | 8 | $ 1,473,000 | $ 184,125 | $ 78,000 |
| Allegheny, Pennsylvania | 8 | $ 1,222,000 | $ 152,750 | $ 70,000 |
| Montgomery, Pennsylvania | 8 | $ 1,638,000 | $ 204,750 | $ 85,000 |
| Middlesex, Connecticut | 7 | $ 1,257,000 | $ 179,571 | $ 100,000 |
| Cumberland, Maine | 7 | $ 1,511,000 | $ 215,857 | $ 66,000 |
| Baltimore, Maryland | 7 | $ 1,801,000 | $ 257,285 | $ 83,000 |
| Baltimore City, Maryland | 7 | $ 1,778,000 | $ 254,000 | $ 116,000 |
| Philadelphia, Pennsylvania | 7 | $ 1,118,000 | $ 159,714 | $ 50,000 |
| Chesterfield, Virginia | 7 | $ 1,649,000 | $ 235,571 | $ 75,000 |
| Cobb, Georgia | 6 | $ 1,530,000 | $ 255,000 | $ 225,000 |
| Merrimack, New Hampshire | 6 | $ 1,035,000 | $ 172,500 | $ 111,000 |
| Strafford, New Hampshire | 6 | $ 891,000 | $ 148,500 | $ 64,000 |
| Bucks, Pennsylvania | 6 | $ 1,450,000 | $ 241,666 | $ 79,000 |
| Sacramento, California | 5 | $ 1,264,000 | $ 252,800 | $ 139,000 |
| New Haven, Connecticut | 5 | $ 1,262,000 | $ 252,400 | $ 169,000 |
| Tolland, Connecticut | 5 | $ 1,440,000 | $ 288,000 | $ 166,000 |
| Broward, Florida | 5 | $ 967,000 | $ 193,400 | $ 81,000 |
| Bibb, Georgia | 5 | $ 1,068,000 | $ 213,600 | $ 132,000 |
| DeKalb, Georgia | 5 | $ 1,307,000 | $ 261,400 | $ 89,000 |
| Will, Illinois | 5 | $ 1,212,000 | $ 242,400 | $ 89,000 |
| Sedgwick, Kansas | 5 | $ 716,000 | $ 143,200 | $ 66,000 |
| Cuyahoga, Ohio | 5 | $ 1,172,000 | $ 234,400 | $ 78,000 |
| Alexandria, Virginia | 5 | $ 1,305,000 | $ 261,000 | $ 114,000 |
| San Mateo, California | 4 | $ 1,836,000 | $ 459,000 | $ 134,000 |
| Denver, Colorado | 4 | $ 818,000 | $ 204,500 | $ 96,000 |
| Douglas, Colorado | 4 | $ 1,153,000 | $ 288,250 | $ 107,000 |
| Jefferson, Colorado | 4 | $ 647,000 | $ 161,750 | $ 40,000 |
| Orange, Florida | 4 | $ 542,000 | $ 135,500 | $ 46,000 |
| Harford, Maryland | 4 | $ 838,000 | $ 209,500 | $ 111,000 |
| Essex, New Jersey | 4 | $ 687,000 | $ 171,750 | $ 70,000 |
| Lucas, Ohio | 4 | $ 420,000 | $ 105,000 | $ 63,000 |
| Perry, Pennsylvania | 4 | $ 479,000 | $ 119,750 | $ 81,000 |
| Kent, Rhode Island | 4 | $ 614,000 | $ 153,500 | $ 92,000 |
| Travis, Texas | 4 | $ 590,000 | $ 147,500 | $ 75,000 |
| Salt Lake, Utah | 4 | $ 987,000 | $ 246,750 | $ 121,000 |
| San Francisco, California | 3 | $ 970,000 | $ 323,333 | $ 152,000 |
| Santa Barbara, California | 3 | $ 577,000 | $ 192,333 | $ 83,000 |
| Arapahoe, Colorado | 3 | $ 506,000 | $ 168,666 | $ 63,000 |
| Forsyth, Georgia | 3 | $ 678,000 | $ 226,000 | $ 82,000 |
| Hancock, Maine | 3 | $ 902,000 | $ 300,666 | $ 138,000 |
| St. Mary's, Maryland | 3 | $ 786,000 | $ 262,000 | $ 106,000 |
| Belknap, New Hampshire | 3 | $ 514,000 | $ 171,333 | $ 49,000 |
| Hamilton, Ohio | 3 | $ 462,000 | $ 154,000 | $ 107,000 |
| Portage, Ohio | 3 | $ 439,000 | $ 146,333 | $ 64,000 |
| Cumberland, Pennsylvania | 3 | $ 562,000 | $ 187,333 | $ 84,000 |
| Dauphin, Pennsylvania | 3 | $ 731,000 | $ 243,666 | $ 105,000 |
| Washington, Pennsylvania | 3 | $ 533,000 | $ 177,666 | $ 78,000 |
| Orangeburg, South Carolina | 3 | $ 305,000 | $ 101,666 | $ 37,000 |
| Arlington, Virginia | 3 | $ 929,000 | $ 309,666 | $ 100,000 |
| Hampton, Virginia | 3 | $ 306,000 | $ 102,000 | $ 82,000 |
| Jefferson, Alabama | 2 | $ 1,162,000 | $ 581,000 | $ 137,000 |
| Maricopa, Arizona | 2 | $ 200,000 | $ 100,000 | $ 49,000 |
| San Luis Obispo, California | 2 | $ 535,000 | $ 267,500 | $ 91,000 |
| Sonoma, California | 2 | $ 765,000 | $ 382,500 | $ 247,000 |
| El Paso, Colorado | 2 | $ 517,000 | $ 258,500 | $ 61,000 |
| Litchfield, Connecticut | 2 | $ 489,000 | $ 244,500 | $ 72,000 |
| Sussex, Delaware | 2 | $ 490,000 | $ 245,000 | $ 248,000 |
| Pinellas, Florida | 2 | $ 615,000 | $ 307,500 | $ 68,000 |
| Cherokee, Georgia | 2 | $ 333,000 | $ 166,500 | $ 139,000 |
| Lake, Illinois | 2 | $ 187,000 | $ 93,500 | $ 38,000 |
| Caroline, Maryland | 2 | $ 568,000 | $ 284,000 | $ 99,000 |
| Frederick, Maryland | 2 | $ 751,000 | $ 375,500 | $ 137,000 |
| Worcester, Maryland | 2 | $ 255,000 | $ 127,500 | $ 161,000 |
| Monroe, Michigan | 2 | $ 229,000 | $ 114,500 | $ 63,000 |
| Wayne, Michigan | 2 | $ 95,000 | $ 47,500 | $ 41,000 |
| Ocean, New Jersey | 2 | $ 462,000 | $ 231,000 | $ 80,000 |
| Union, New Jersey | 2 | $ 263,000 | $ 131,500 | $ 74,000 |
| Union, Ohio | 2 | $ 319,000 | $ 159,500 | $ 136,000 |
| Clatsop, Oregon | 2 | $ 634,000 | $ 317,000 | $ 70,000 |
| Deschutes, Oregon | 2 | $ 383,000 | $ 191,500 | $ 114,000 |
| Chester, Pennsylvania | 2 | $ 656,000 | $ 328,000 | $ 148,000 |
| Delaware, Pennsylvania | 2 | $ 435,000 | $ 217,500 | $ 102,000 |
| Westmoreland, Pennsylvania | 2 | $ 233,000 | $ 116,500 | $ 67,000 |
| Charleston, South Carolina | 2 | $ 601,000 | $ 300,500 | $ 85,000 |
| Greenville, South Carolina | 2 | $ 252,000 | $ 126,000 | $ 38,000 |
| Spartanburg, South Carolina | 2 | $ 162,000 | $ 81,000 | $ 44,000 |
| Minnehaha, South Dakota | 2 | $ 465,000 | $ 232,500 | $ 70,000 |
| Fort Bend, Texas | 2 | $ 457,000 | $ 228,500 | $ 152,000 |
| Montgomery, Texas | 2 | $ 349,000 | $ 174,500 | $ 148,000 |
| Amherst, Virginia | 2 | $ 414,000 | $ 207,000 | $ 101,000 |
| Hanover, Virginia | 2 | $ 489,000 | $ 244,500 | $ 83,000 |
| New Kent, Virginia | 2 | $ 291,000 | $ 145,500 | $ 48,000 |
| Northumberland, Virginia | 2 | $ 418,000 | $ 209,000 | $ 149,000 |
| Richmond City, Virginia | 2 | $ 400,000 | $ 200,000 | $ 148,000 |
| York, Virginia | 2 | $ 364,000 | $ 182,000 | $ 78,000 |
| King, Washington | 2 | $ 726,000 | $ 363,000 | $ 174,000 |
| Laramie, Wyoming | 2 | $ 222,000 | $ 111,000 | $ 22,000 |
| Madison, Alabama | 1 | $ 129,000 | $ 129,000 | $ 125,000 |
| Marengo, Alabama | 1 | $ 167,000 | $ 167,000 | $ 37,000 |
| Kodiak Island, Alaska | 1 | $ 304,000 | $ 304,000 | $ 77,000 |
| Butte, California | 1 | $ 176,000 | $ 176,000 | $ 181,000 |
| Calaveras, California | 1 | $ 120,000 | $ 120,000 | $ 126,000 |
| Kern, California | 1 | $ 313,000 | $ 313,000 | $ 151,000 |
| Monterey, California | 1 | $ 665,000 | $ 665,000 | $ 412,000 |
| Placer, California | 1 | $ 276,000 | $ 276,000 | $ 112,000 |
| San Joaquin, California | 1 | $ 250,000 | $ 250,000 | $ 216,000 |
| Santa Cruz, California | 1 | $ 407,000 | $ 407,000 | $ 193,000 |
| Solano, California | 1 | $ 187,000 | $ 187,000 | $ 46,000 |
| Yolo, California | 1 | $ 262,000 | $ 262,000 | $ 151,000 |
| Adams, Colorado | 1 | $ 147,000 | $ 147,000 | $ 34,000 |
| Larimer, Colorado | 1 | $ 221,000 | $ 221,000 | $ 94,000 |
| Summit, Colorado | 1 | $ 199,000 | $ 199,000 | $ 131,000 |
| New London, Connecticut | 1 | $ 264,000 | $ 264,000 | $ 103,000 |
| Windham, Connecticut | 1 | $ 168,000 | $ 168,000 | $ 78,000 |
| Collier, Florida | 1 | $ 417,000 | $ 417,000 | $ 513,000 |
| Hernando, Florida | 1 | $ 109,000 | $ 109,000 | $ 79,000 |
| Hillsborough, Florida | 1 | $ 112,000 | $ 112,000 | $ 74,000 |
| Lee, Florida | 1 | $ 98,000 | $ 98,000 | $ 95,000 |
| Okaloosa, Florida | 1 | $ 207,000 | $ 207,000 | $ 72,000 |
| Osceola, Florida | 1 | $ 83,000 | $ 83,000 | $ 60,000 |
| Walton, Florida | 1 | $ 169,000 | $ 169,000 | $ 90,000 |
| Glynn, Georgia | 1 | $ 124,000 | $ 124,000 | $ 71,000 |
| Hall, Georgia | 1 | $ 304,000 | $ 304,000 | $ 134,000 |
| Lumpkin, Georgia | 1 | $ 83,000 | $ 83,000 | $ 70,000 |
| Madison, Georgia | 1 | $ 327,000 | $ 327,000 | $ 96,000 |
| Putnam, Georgia | 1 | $ 225,000 | $ 225,000 | $ 72,000 |
| Spalding, Georgia | 1 | $ 86,000 | $ 86,000 | $ 31,000 |
| Kane, Illinois | 1 | $ 81,000 | $ 81,000 | $ 30,000 |
| Kankakee, Illinois | 1 | $ 249,000 | $ 249,000 | $ 158,000 |
| Kendall, Illinois | 1 | $ 120,000 | $ 120,000 | $ 83,000 |
| Linn, Iowa | 1 | $ 104,000 | $ 104,000 | $ 43,000 |
| Butler, Kansas | 1 | $ 138,000 | $ 138,000 | $ 184,000 |
| Seward, Kansas | 1 | $ 76,000 | $ 76,000 | $ 22,000 |
| Sumner, Kansas | 1 | $ 130,000 | $ 130,000 | $ 141,000 |
| Morgan, Kentucky | 1 | $ 140,000 | $ 140,000 | $ 55,000 |
| Livingston, Louisiana | 1 | $ 127,000 | $ 127,000 | $ 39,000 |
| Androscoggin, Maine | 1 | $ 105,000 | $ 105,000 | $ 142,000 |
| Kennebec, Maine | 1 | $ 375,000 | $ 375,000 | $ 78,000 |
| Knox, Maine | 1 | $ 110,000 | $ 110,000 | $ 54,000 |
| Carroll, Maryland | 1 | $ 318,000 | $ 318,000 | $ 53,000 |
| Charles, Maryland | 1 | $ 272,000 | $ 272,000 | $ 53,000 |
| Kent, Maryland | 1 | $ 193,000 | $ 193,000 | $ 458,000 |
| Washington, Maryland | 1 | $ 326,000 | $ 326,000 | $ 69,000 |
| Berkshire, Massachusetts | 1 | $ 128,000 | $ 128,000 | $ 107,000 |
| Franklin, Massachusetts | 1 | $ 112,000 | $ 112,000 | $ 90,000 |
| Genesee, Michigan | 1 | $ 214,000 | $ 214,000 | $ 70,000 |
| Ingham, Michigan | 1 | $ 180,000 | $ 180,000 | $ 82,000 |
| Kalamazoo, Michigan | 1 | $ 192,000 | $ 192,000 | $ 157,000 |
| Dakota, Minnesota | 1 | $ 146,000 | $ 146,000 | $ 38,000 |
| Hennepin, Minnesota | 1 | $ 152,000 | $ 152,000 | $ 35,000 |
| Ramsey, Minnesota | 1 | $ 41,000 | $ 41,000 | $ 58,000 |
| Scott, Minnesota | 1 | $ 165,000 | $ 165,000 | $ 57,000 |
| Cheshire, New Hampshire | 1 | $ 148,000 | $ 148,000 | $ 109,000 |
| Middlesex, New Jersey | 1 | $ 118,000 | $ 118,000 | $ 26,000 |
| Dare, North Carolina | 1 | $ 400,000 | $ 400,000 | $ 208,000 |
| Mecklenburg, North Carolina | 1 | $ 98,000 | $ 98,000 | $ 0 |
| New Hanover, North Carolina | 1 | $ 131,000 | $ 131,000 | $ 48,000 |
| Butler, Ohio | 1 | $ 133,000 | $ 133,000 | $ 28,000 |
| Delaware, Ohio | 1 | $ 149,000 | $ 149,000 | $ 45,000 |
| Fairfield, Ohio | 1 | $ 183,000 | $ 183,000 | $ 58,000 |
| Franklin, Ohio | 1 | $ 215,000 | $ 215,000 | $ 87,000 |
| Geauga, Ohio | 1 | $ 312,000 | $ 312,000 | $ 111,000 |
| Guernsey, Ohio | 1 | $ 119,000 | $ 119,000 | $ 140,000 |
| Lorain, Ohio | 1 | $ 221,000 | $ 221,000 | $ 45,000 |
| Miami, Ohio | 1 | $ 309,000 | $ 309,000 | $ 204,000 |
| Trumbull, Ohio | 1 | $ 233,000 | $ 233,000 | $ 74,000 |
| Warren, Ohio | 1 | $ 230,000 | $ 230,000 | $ 133,000 |
| Wood, Ohio | 1 | $ 94,000 | $ 94,000 | $ 67,000 |
| Clackamas, Oregon | 1 | $ 240,000 | $ 240,000 | $ 46,000 |
| Linn, Oregon | 1 | $ 86,000 | $ 86,000 | $ 116,000 |
| Adams, Pennsylvania | 1 | $ 115,000 | $ 115,000 | $ 118,000 |
| Clarion, Pennsylvania | 1 | $ 180,000 | $ 180,000 | $ 91,000 |
| Clearfield, Pennsylvania | 1 | $ 43,000 | $ 43,000 | $ 46,000 |
| Fayette, Pennsylvania | 1 | $ 56,000 | $ 56,000 | $ 44,000 |
| Snyder, Pennsylvania | 1 | $ 213,000 | $ 213,000 | $ 68,000 |
| Bristol, Rhode Island | 1 | $ 220,000 | $ 220,000 | $ 119,000 |
| Dorchester, South Carolina | 1 | $ 153,000 | $ 153,000 | $ 104,000 |
| Brookings, South Dakota | 1 | $ 107,000 | $ 107,000 | $ 63,000 |
| Anderson, Tennessee | 1 | $ 167,000 | $ 167,000 | $ 259,000 |
| Knox, Tennessee | 1 | $ 227,000 | $ 227,000 | $ 76,000 |
| Shelby, Tennessee | 1 | $ 146,000 | $ 146,000 | $ 67,000 |
| Sumner, Tennessee | 1 | $ 324,000 | $ 324,000 | $ 100,000 |
| Williamson, Tennessee | 1 | $ 246,000 | $ 246,000 | $ 73,000 |
| Wilson, Tennessee | 1 | $ 349,000 | $ 349,000 | $ 89,000 |
| Bexar, Texas | 1 | $ 139,000 | $ 139,000 | $ 55,000 |
| Burleson, Texas | 1 | $ 273,000 | $ 273,000 | $ 179,000 |
| Dallas, Texas | 1 | $ 356,000 | $ 356,000 | $ 231,000 |
| Galveston, Texas | 1 | $ 74,000 | $ 74,000 | $ 57,000 |
| Gillespie, Texas | 1 | $ 250,000 | $ 250,000 | $ 83,000 |
| Llano, Texas | 1 | $ 253,000 | $ 253,000 | $ 645,000 |
| Nueces, Texas | 1 | $ 189,000 | $ 189,000 | $ 272,000 |
| Davis, Utah | 1 | $ 234,000 | $ 234,000 | $ 86,000 |
| Morgan, Utah | 1 | $ 325,000 | $ 325,000 | $ 84,000 |
| Summit, Utah | 1 | $ 173,000 | $ 173,000 | $ 60,000 |
| Utah, Utah | 1 | $ 301,000 | $ 301,000 | $ 103,000 |
| Weber, Utah | 1 | $ 144,000 | $ 144,000 | $ 72,000 |
| Accomack, Virginia | 1 | $ 185,000 | $ 185,000 | $ 53,000 |
| Augusta, Virginia | 1 | $ 155,000 | $ 155,000 | $ 75,000 |
| Bedford, Virginia | 1 | $ 150,000 | $ 150,000 | $ 54,000 |
| Charles City, Virginia | 1 | $ 48,000 | $ 48,000 | $ 18,000 |
| Chesapeake, Virginia | 1 | $ 355,000 | $ 355,000 | $ 150,000 |
| Gloucester, Virginia | 1 | $ 189,000 | $ 189,000 | $ 89,000 |
| Goochland, Virginia | 1 | $ 410,000 | $ 410,000 | $ 88,000 |
| King George, Virginia | 1 | $ 235,000 | $ 235,000 | $ 46,000 |
| Louisa, Virginia | 1 | $ 253,000 | $ 253,000 | $ 118,000 |
| Mathews, Virginia | 1 | $ 303,000 | $ 303,000 | $ 47,000 |
| Middlesex, Virginia | 1 | $ 314,000 | $ 314,000 | $ 120,000 |
| Norfolk, Virginia | 1 | $ 147,000 | $ 147,000 | $ 70,000 |
| Rappahannock, Virginia | 1 | $ 345,000 | $ 345,000 | $ 63,000 |
| Southampton, Virginia | 1 | $ 93,000 | $ 93,000 | $ 35,000 |
| Stafford, Virginia | 1 | $ 150,000 | $ 150,000 | $ 43,000 |
| Virginia Beach, Virginia | 1 | $ 351,000 | $ 351,000 | $ 94,000 |
| Warren, Virginia | 1 | $ 174,000 | $ 174,000 | $ 43,000 |
| Westmoreland, Virginia | 1 | $ 109,000 | $ 109,000 | $ 191,000 |
| Vilas, Wisconsin | 1 | $ 50,000 | $ 50,000 | $ 44,000 |
| Waukesha, Wisconsin | 1 | $ 122,000 | $ 122,000 | $ 45,000 |
Mortgage Loan Application Detail Totals for Clearpoint Funding, Inc. in 2013
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 | 1,120 | $281,973,000 | $251,000 | $1,436,000 | $113,000 | $1,510,000 |
| Home Purchase | 363 | $77,672,000 | $213,000 | $702,000 | $91,000 | $532,000 |
| Home Improvement | 31 | $6,874,000 | $221,000 | $417,000 | $117,000 | $450,000 |
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 | 1,081 | $259,325,000 | $239,000 | $1,436,000 | $110,000 | $1,510,000 |
| Asian | 185 | $49,457,000 | $267,000 | $645,000 | $106,000 | $396,000 |
| Not Provided | 105 | $27,390,000 | $260,000 | $701,000 | $120,000 | $1,316,000 |
| Hispanic | 78 | $18,247,000 | $233,000 | $769,000 | $83,000 | $389,000 |
| Black or African American | 62 | $11,496,000 | $185,000 | $702,000 | $79,000 | $261,000 |
| American Indian or Alaskan Native | 2 | $505,000 | $252,000 | $397,000 | $143,000 | $180,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $99,000 | $99,000 | $99,000 | $66,000 | $66,000 |
| 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) | 1,360 | $334,059,000 | $245,000 | $1,436,000 | $112,000 | $1,510,000 |
| FHA-insured (Federal Housing Administration) | 135 | $28,393,000 | $210,000 | $702,000 | $69,000 | $268,000 |
| VA-guaranteed (Veterans Administration) | 11 | $3,052,000 | $277,000 | $492,000 | $115,000 | $183,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $1,015,000 | $126,000 | $174,000 | $40,000 | $48,000 |
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 | 933 | $228,019,000 | $244,000 | $702,000 | $111,000 | $1,345,000 |
| Application Approved But Not Accepted | 350 | $84,342,000 | $240,000 | $1,436,000 | $110,000 | $1,510,000 |
| Application Denied By Financial Institution | 208 | $48,523,000 | $233,000 | $769,000 | $90,000 | $645,000 |
| Application Withdrawn By Applicant | 23 | $5,635,000 | $245,000 | $696,000 | $99,000 | $399,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 51 | $13,226,000 | $259,000 | $625,000 | $70,000 | $177,000 |
| Other | 47 | $10,455,000 | $222,000 | $740,000 | $90,000 | $223,000 |
| Collateral | 46 | $9,076,000 | $197,000 | $450,000 | $103,000 | $645,000 |
| Credit Application Incomplete | 40 | $10,336,000 | $258,000 | $769,000 | $105,000 | $290,000 |
| Credit History | 12 | $2,567,000 | $213,000 | $385,000 | $74,000 | $174,000 |
| Unverifiable Information | 6 | $1,185,000 | $197,000 | $349,000 | $80,000 | $122,000 |
| Employment History | 4 | $1,318,000 | $329,000 | $450,000 | $115,000 | $256,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $360,000 | $180,000 | $185,000 | $52,000 | $70,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Clearpoint Funding, Inc.'s 2013 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 Clearpoint Funding, 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 Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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