Manassas Park City, VA Mortgage Lenders & HMDA Data, 2012

In 2012, lenders reported 1,173 mortgage applications in Manassas Park City, VA totaling $238.7 million, up 38% from 2011. The average application was for $203,000, and applicants reported an average income of $83,000. 50% of applications resulted in an originated loan and 13% were denied. The most active lender was Wells Fargo Bank NA, with 255 applications, followed by Bank of America NA and JPMorgan Chase Bank, NA.

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Total Number of Mortgage Applications 1,173
Total Mortgage Loan Application Amount $238,673,000
Average Mortgage Loan Application Amount $203,000
Highest Mortgage Loan Application Amount $536,000
Average Applicant Income $83,000
Highest Applicant Income $2,000,000
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Top Mortgage Lenders in Manassas Park City, VA (2012)

Ranked by the number of mortgage applications each lender reported in Manassas Park City, VA in 2012.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Wells Fargo Bank NA
Minneapolis, MN
255 $50,776,000 $199,000 $76,000
2 Bank of America NA
Westlake Village, CA
47 $9,507,000 $202,000 $81,000
3 JPMorgan Chase Bank, NA
Columbus, OH
40 $9,013,000 $225,000 $106,000
4 Truist Bank
Raleigh, NC
36 $6,347,000 $176,000 $59,000
5 George Mason Mortgage LLC
Fairfax, VA
35 $6,475,000 $185,000 $61,000
6 Monarch Bank
Chesapeake, VA
32 $5,750,000 $179,000 $55,000
7 Suntrust Mortgage, Inc.
Richmond, VA
31 $6,872,000 $221,000 $131,000
8 Navy Federal Credit Union
Vienna, VA
28 $4,657,000 $166,000 $107,000
9 Citibank, NA
New York, NY
22 $4,364,000 $198,000 $175,000
10 J.G. Wentworth Home Lending, LLC
Woodbridge, VA
19 $4,714,000 $248,000 $82,000

See every lender active in Manassas Park City, VA in 2012 »

The tables below break down 2012 mortgage applications in Manassas Park City, VA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Manassas Park City, VA in 2012

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 689 $148,254,000 $215,000 $450,000 $93,000 $2,000,000
Home Purchase 425 $88,270,000 $207,000 $536,000 $67,000 $1,140,000
Home Improvement 59 $2,149,000 $36,000 $264,000 $76,000 $246,000

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 498 $103,721,000 $208,000 $419,000 $89,000 $426,000
Hispanic 212 $40,170,000 $189,000 $423,000 $57,000 $437,000
Asian 151 $31,215,000 $206,000 $417,000 $105,000 $1,722,000
Not Provided 140 $28,593,000 $204,000 $536,000 $120,000 $2,000,000
Not applicable 85 $18,687,000 $219,000 $417,000 $27,000 $213,000
Black or African American 84 $15,757,000 $187,000 $365,000 $69,000 $226,000
American Indian or Alaskan Native 2 $333,000 $166,000 $328,000 $33,000 $66,000
Native Hawaiian or Other Pacific Islander 1 $197,000 $197,000 $197,000 $105,000 $105,000

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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 734 $143,761,000 $195,000 $450,000 $104,000 $2,000,000
FHA-insured (Federal Housing Administration) 337 $67,527,000 $200,000 $536,000 $47,000 $175,000
VA-guaranteed (Veterans Administration) 102 $27,385,000 $268,000 $419,000 $55,000 $245,000
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 592 $126,520,000 $213,000 $536,000 $89,000 $2,000,000
Loan Purchased By The Institution 248 $53,719,000 $216,000 $417,000 $59,000 $738,000
Application Denied By Financial Institution 156 $23,383,000 $149,000 $416,000 $87,000 $1,722,000
Application Withdrawn By Applicant 105 $21,407,000 $203,000 $450,000 $89,000 $1,080,000
Application Approved But Not Accepted 44 $7,876,000 $179,000 $328,000 $97,000 $426,000
File Closed For Incompleteness 28 $5,768,000 $206,000 $423,000 $112,000 $1,054,000
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 49 $4,763,000 $97,000 $385,000 $106,000 $1,722,000
Debt-To-Income Ratio 27 $4,107,000 $152,000 $315,000 $43,000 $80,000
Collateral 27 $4,616,000 $170,000 $367,000 $135,000 $1,140,000
Other 15 $2,704,000 $180,000 $346,000 $55,000 $93,000
Credit Application Incomplete 11 $2,229,000 $202,000 $313,000 $86,000 $223,000
Unverifiable Information 6 $926,000 $154,000 $265,000 $39,000 $82,000
Insufficient Cash (Downpayment, Closing Cost) 6 $984,000 $164,000 $288,000 $110,000 $255,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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