Sebring, FL Metro Area Mortgage Lenders & HMDA Data, 2016
In 2016, lenders reported 3,664 mortgage applications in Sebring, FL metro area totaling $436.4 million, up 16% from 2015. The average application was for $119,117, and applicants reported an average income of $60,000. 45% of applications resulted in an originated loan and 25% were denied. The most active lender was Heartland National Bank, with 343 applications, followed by Midflorida Credit Union and Wells Fargo Bank NA.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 3,664 |
| Total Mortgage Loan Application Amount | $436,446,000 |
| Average Mortgage Loan Application Amount | $119,117 |
| Highest Mortgage Loan Application Amount | $5,743,000 |
| Average Applicant Income | $60,000 |
| Highest Applicant Income | $3,960,000 |
Top Mortgage Lenders in Sebring, FL Metro Area (2016)
Ranked by the number of mortgage applications each lender reported in Sebring, FL metro area in 2016.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Heartland National Bank Sebring, FL |
343 | $35,553,000 | $103,000 | $76,000 |
| 2 | Midflorida Credit Union Lakeland, FL |
286 | $30,491,000 | $106,000 | $67,000 |
| 3 | Wells Fargo Bank NA Minneapolis, MN |
213 | $20,757,000 | $97,000 | $60,000 |
| 4 | loanDepot.com LLC Irvine, CA |
212 | $30,022,000 | $141,000 | $63,000 |
| 5 | Crews Bank & Trust Wauchula, FL |
157 | $12,126,000 | $77,000 | $64,000 |
| 6 | Nationstar Mortgage Coppell, TX |
122 | $16,089,000 | $131,000 | $25,000 |
| 7 | Truist Bank Raleigh, NC |
98 | $12,718,000 | $129,000 | $15,000 |
| 8 | Suntrust Bank Atlanta, GA |
91 | $1,858,000 | $20,000 | $68,000 |
| 9 | Freedom Mortgage Corporation Fishers, IN |
84 | $9,877,000 | $117,000 | $9,000 |
| 10 | Flagstar Bank NA Troy, MI |
79 | $10,320,000 | $130,000 | $58,000 |
The tables below break down 2016 mortgage applications in Sebring, FL metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Sebring, FL in 2016
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 | 1,889 | $230,996,000 | $122,000 | $5,743,000 | $62,000 | $1,105,000 |
| Refinancing | 1,400 | $189,572,000 | $135,000 | $2,935,000 | $54,000 | $1,300,000 |
| Home Improvement | 375 | $15,878,000 | $42,000 | $308,000 | $70,000 | $3,960,000 |
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 | 2,219 | $267,182,000 | $120,000 | $2,935,000 | $70,000 | $3,960,000 |
| Hispanic | 467 | $47,554,000 | $101,000 | $409,000 | $52,000 | $523,000 |
| Not applicable | 400 | $54,328,000 | $135,000 | $5,743,000 | $5,000 | $582,000 |
| Not Provided | 330 | $37,473,000 | $113,000 | $504,000 | $68,000 | $493,000 |
| Black or African American | 175 | $19,757,000 | $112,000 | $390,000 | $52,000 | $500,000 |
| Asian | 46 | $7,694,000 | $167,000 | $703,000 | $135,000 | $1,300,000 |
| American Indian or Alaskan Native | 18 | $1,747,000 | $97,000 | $189,000 | $57,000 | $159,000 |
| Native Hawaiin or Other Pacific Islander | 9 | $711,000 | $79,000 | $249,000 | $46,000 | $102,000 |
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) | 2,405 | $275,014,000 | $114,000 | $5,743,000 | $71,000 | $3,960,000 |
| FHA-insured (Federal Housing Administration) | 589 | $71,333,000 | $121,000 | $276,000 | $38,000 | $154,000 |
| VA-guaranteed (Veterans Administration) | 510 | $73,330,000 | $143,000 | $428,000 | $43,000 | $523,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 160 | $16,769,000 | $104,000 | $223,000 | $24,000 | $82,000 |
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 | 1,660 | $196,282,000 | $118,000 | $1,505,000 | $68,000 | $1,105,000 |
| Application Denied By Financial Institution | 906 | $106,327,000 | $117,000 | $5,743,000 | $61,000 | $1,300,000 |
| Application Withdrawn By Applicant | 436 | $53,576,000 | $122,000 | $980,000 | $61,000 | $780,000 |
| Loan Purchased By The Institution | 407 | $48,397,000 | $118,000 | $664,000 | $11,000 | $582,000 |
| Application Approved But Not Accepted | 138 | $14,927,000 | $108,000 | $400,000 | $72,000 | $314,000 |
| File Closed For Incompleteness | 116 | $16,817,000 | $144,000 | $2,835,000 | $88,000 | $3,960,000 |
| Preapproval Denied by Financial Institution | 1 | $120,000 | $120,000 | $120,000 | $82,000 | $82,000 |
| Preapproval Approved but not Accepted | 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 | 216 | $12,691,000 | $58,000 | $417,000 | $55,000 | $1,137,000 |
| Debt-To-Income Ratio | 128 | $16,912,000 | $132,000 | $2,935,000 | $48,000 | $259,000 |
| Collateral | 88 | $10,986,000 | $124,000 | $504,000 | $71,000 | $350,000 |
| Credit Application Incomplete | 60 | $7,780,000 | $129,000 | $700,000 | $86,000 | $1,300,000 |
| Other | 39 | $4,268,000 | $109,000 | $472,000 | $97,000 | $734,000 |
| Unverifiable Information | 24 | $2,591,000 | $107,000 | $260,000 | $61,000 | $150,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 18 | $1,463,000 | $81,000 | $140,000 | $41,000 | $80,000 |
| Employment History | 6 | $962,000 | $160,000 | $390,000 | $44,000 | $78,000 |
| Mortgage Insurance Denied | 1 | $92,000 | $92,000 | $92,000 | $35,000 | $35,000 |
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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