Your Best Rate Financial L.L.C Mortgage Lending & HMDA Data, 2004
In 2004, Your Best Rate Financial L.L.C of Atlanta, GA reported 889 mortgage applications totaling $143.3 million, up 88800% from 2003. The average application was for $161,184, and applicants reported an average income of $79,581. 75% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (388), Las Vegas-Paradise, NV (29) and Birmingham-Hoover, AL (21) (applications in parentheses).
| Mortgage Company & Address | Your Best Rate Financial L.L.C 5909 Peachtree Dunwoody Rd Suite 700 Atlanta, GA 30328 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 889 |
| Total Mortgage Loan Application Amount | $143,293,000 |
| Average Mortgage Loan Application Amount | $161,184 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $79,581 |
| Highest Applicant Income | $1,800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Your Best Rate Financial L.L.C filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Marietta, GA | 388 | $ 66,763,000 | $ 172,069 | $ 84,000 |
| Las Vegas-Paradise, NV | 29 | $ 6,575,000 | $ 226,724 | $ 102,000 |
| Birmingham-Hoover, AL | 21 | $ 3,056,000 | $ 145,523 | $ 52,000 |
| Tampa-St. Petersburg-Clearwater, FL | 16 | $ 2,451,000 | $ 153,187 | $ 258,000 |
| Memphis, TN-MS-AR | 15 | $ 2,056,000 | $ 137,066 | $ 79,000 |
| Orlando, FL | 15 | $ 2,178,000 | $ 145,200 | $ 65,000 |
| Jacksonville, FL | 11 | $ 1,894,000 | $ 172,181 | $ 108,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 10 | $ 1,758,000 | $ 175,800 | $ 78,000 |
| Nashville-Davidson--Murfreesboro, TN | 10 | $ 1,534,000 | $ 153,400 | $ 80,000 |
| Sarasota-Bradenton-Venice, FL | 10 | $ 1,615,000 | $ 161,500 | $ 42,000 |
| Savannah, GA | 10 | $ 2,750,000 | $ 275,000 | $ 104,000 |
| Huntsville, AL | 8 | $ 1,206,000 | $ 150,750 | $ 66,000 |
| Palm Bay-Melbourne-Titusville, FL | 8 | $ 1,106,000 | $ 138,250 | $ 69,000 |
| Dalton, GA | 7 | $ 560,000 | $ 80,000 | $ 69,000 |
| Macon, GA | 7 | $ 781,000 | $ 111,571 | $ 50,000 |
| Chattanooga, TN-GA | 6 | $ 856,000 | $ 142,666 | $ 61,000 |
| Columbia, SC | 6 | $ 693,000 | $ 115,500 | $ 75,000 |
| Knoxville, TN | 6 | $ 655,000 | $ 109,166 | $ 209,000 |
| Panama City-Lynn Haven, FL | 6 | $ 622,000 | $ 103,666 | $ 59,000 |
| Port St. Lucie-Fort Pierce, FL | 6 | $ 748,000 | $ 124,666 | $ 48,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 6 | $ 901,000 | $ 150,166 | $ 93,000 |
| Charleston-North Charleston, SC | 5 | $ 1,280,000 | $ 256,000 | $ 114,000 |
| Florence-Muscle Shoals, AL | 5 | $ 534,000 | $ 106,800 | $ 59,000 |
| Reno-Sparks, NV | 5 | $ 841,000 | $ 168,200 | $ 71,000 |
| Athens-Clarke County, GA | 4 | $ 607,000 | $ 151,750 | $ 76,000 |
| Gainesville, GA | 4 | $ 578,000 | $ 144,500 | $ 60,000 |
| Greenville, SC | 4 | $ 516,000 | $ 129,000 | $ 59,000 |
| Lakeland, FL | 4 | $ 521,000 | $ 130,250 | $ 56,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 468,000 | $ 117,000 | $ 45,000 |
| Mobile, AL | 4 | $ 455,000 | $ 113,750 | $ 64,000 |
| Montgomery, AL | 4 | $ 591,000 | $ 147,750 | $ 58,000 |
| Valdosta, GA | 4 | $ 670,000 | $ 167,500 | $ 90,000 |
| Albany, GA | 3 | $ 240,000 | $ 80,000 | $ 57,000 |
| Augusta-Richmond County, GA-SC | 3 | $ 289,000 | $ 96,333 | $ 48,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 478,000 | $ 159,333 | $ 47,000 |
| Carson City, NV | 3 | $ 415,000 | $ 138,333 | $ 97,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 362,000 | $ 120,666 | $ 59,000 |
| Gadsden, AL | 3 | $ 264,000 | $ 88,000 | $ 37,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 261,000 | $ 87,000 | $ 59,000 |
| Anderson, SC | 2 | $ 167,000 | $ 83,500 | $ 65,000 |
| Anniston-Oxford, AL | 2 | $ 568,000 | $ 284,000 | $ 99,000 |
| Auburn-Opelika, AL | 2 | $ 201,000 | $ 100,500 | $ 63,000 |
| Columbus, GA-AL | 2 | $ 227,000 | $ 113,500 | $ 50,000 |
| Dothan, AL | 2 | $ 201,000 | $ 100,500 | $ 85,000 |
| Johnson City, TN | 2 | $ 181,000 | $ 90,500 | $ 65,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 2 | $ 303,000 | $ 151,500 | $ 53,000 |
| Tallahassee, FL | 2 | $ 322,000 | $ 161,000 | $ 42,000 |
| Warner Robins, GA | 2 | $ 200,000 | $ 100,000 | $ 50,000 |
| Brunswick, GA | 1 | $ 158,000 | $ 158,000 | $ 159,000 |
| Clarksville, TN-KY | 1 | $ 200,000 | $ 200,000 | $ 78,000 |
| Cleveland, TN | 1 | $ 90,000 | $ 90,000 | $ 54,000 |
| Decatur, AL | 1 | $ 96,000 | $ 96,000 | $ 46,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 178,000 | $ 178,000 | $ 88,000 |
| Gainesville, FL | 1 | $ 200,000 | $ 200,000 | $ 98,000 |
| Hinesville-Fort Stewart, GA | 1 | $ 250,000 | $ 250,000 | $ 132,000 |
| Naples-Marco Island, FL | 1 | $ 614,000 | $ 614,000 | $ 240,000 |
| Ocala, FL | 1 | $ 126,000 | $ 126,000 | $ 52,000 |
| Spartanburg, SC | 1 | $ 73,000 | $ 73,000 | $ 65,000 |
| Vero Beach, FL | 1 | $ 119,000 | $ 119,000 | $ 33,000 |
Mortgage Loan Application Detail Totals for Your Best Rate Financial L.L.C in 2004
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 | 739 | $117,552,000 | $149,428 | $1,000,000 | $74,857 | $1,800,000 |
| Home Purchase | 150 | $25,741,000 | $180,333 | $738,000 | $100,166 | $447,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 778 | $124,381,000 | $147,285 | $1,000,000 | $74,142 | $1,800,000 |
| White | 82 | $14,974,000 | $162,428 | $650,000 | $87,000 | $321,000 |
| Black or African American | 16 | $1,810,000 | $95,333 | $197,000 | $63,000 | $119,000 |
| Hispanic | 8 | $1,278,000 | $162,333 | $306,000 | $70,000 | $150,000 |
| Asian | 3 | $583,000 | $169,500 | $323,000 | $111,500 | $248,000 |
| American Indian or Alaskan Native | 1 | $145,000 | $145,000 | $145,000 | $109,000 | $109,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $122,000 | $122,000 | $122,000 | $182,000 | $182,000 |
| 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) | 885 | $142,834,000 | $150,285 | $1,000,000 | $77,571 | $1,800,000 |
| FHA-insured (Federal Housing Administration) | 4 | $459,000 | $114,000 | $145,000 | $47,000 | $70,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 663 | $109,762,000 | $149,428 | $1,000,000 | $77,428 | $677,000 |
| Application Denied By Financial Institution | 160 | $22,805,000 | $157,285 | $468,000 | $64,428 | $420,000 |
| Application Withdrawn By Applicant | 65 | $10,510,000 | $144,857 | $400,000 | $100,000 | $1,800,000 |
| Application Approved But Not Accepted | 1 | $216,000 | $216,000 | $216,000 | $70,000 | $70,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Your Best Rate Financial L.L.C's 2004 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 Your Best Rate Financial L.L.C'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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