Sebring, FL Metro Area Mortgage Lenders & HMDA Data, 2022
In 2022, lenders reported 5,795 mortgage applications in Sebring, FL metro area totaling $1.0 billion, down 27% from 2021. The average application was for $179,459, and applicants reported an average income of $85,000. 47% of applications resulted in an originated loan and 19% were denied. The most active lender was Midflorida Credit Union, with 564 applications, followed by United Wholesale Mortgage and Heartland National Bank.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 5,795 |
| Total Mortgage Loan Application Amount | $1,039,965,000 |
| Average Mortgage Loan Application Amount | $179,459 |
| Highest Mortgage Loan Application Amount | $9,945,000 |
| Average Applicant Income | $85,000 |
| Highest Applicant Income | $4,251,000 |
Top Mortgage Lenders in Sebring, FL Metro Area (2022)
Ranked by the number of mortgage applications each lender reported in Sebring, FL metro area in 2022.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Midflorida Credit Union Lakeland, FL |
564 | $67,760,000 | $120,000 | $94,000 |
| 2 | United Wholesale Mortgage Plymouth, MI |
237 | $52,315,000 | $220,000 | $82,000 |
| 3 | Heartland National Bank Sebring, FL |
200 | $35,260,000 | $176,000 | $116,000 |
| 4 | Southstate Bank, National Association Winter Haven, FL |
192 | $32,380,000 | $168,000 | $79,000 |
| 5 | PennyMac Loan Services LLC Westlake Village, CA |
168 | $33,370,000 | $198,000 | $68,000 |
| 6 | Truist Bank Raleigh, NC |
141 | $20,195,000 | $143,000 | $92,000 |
| 7 | Wells Fargo Bank NA Minneapolis, MN |
135 | $21,125,000 | $156,000 | $83,000 |
| 8 | 21st Mortgage Knoxville, TN |
109 | $13,455,000 | $123,000 | $83,000 |
| 9 | Freedom Mortgage Corporation Boca Raton, FL |
107 | $21,465,000 | $200,000 | $67,000 |
| 10 | Bank of America NA Westlake Village, CA |
103 | $10,615,000 | $103,000 | $80,000 |
The tables below break down 2022 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 2022
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 | 2,997 | $643,405,000 | $214,000 | $9,945,000 | $93,000 | $2,993,000 |
| Cash-out Refinancing | 1,332 | $238,410,000 | $178,000 | $1,505,000 | $69,000 | $902,000 |
| Refinancing | 625 | $95,195,000 | $152,000 | $2,505,000 | $77,000 | $1,362,000 |
| Home Improvement | 466 | $31,990,000 | $68,000 | $595,000 | $86,000 | $1,325,000 |
| Other Purpose | 355 | $29,305,000 | $82,000 | $455,000 | $90,000 | $4,251,000 |
| Not Applicable | 20 | $1,660,000 | $83,000 | $185,000 | $25,000 | $30,000 |
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 | 3,064 | $507,350,000 | $165,000 | $2,005,000 | $86,000 | $4,251,000 |
| Hispanic | 867 | $149,185,000 | $172,000 | $585,000 | $90,000 | $2,993,000 |
| Not Provided | 809 | $152,655,000 | $188,000 | $1,545,000 | $76,000 | $465,000 |
| Not applicable | 577 | $139,275,000 | $241,000 | $9,945,000 | $86,000 | $350,000 |
| Black or African American | 351 | $65,955,000 | $187,000 | $1,135,000 | $76,000 | $1,081,000 |
| Asian | 73 | $14,345,000 | $196,000 | $545,000 | $96,000 | $417,000 |
| American Indian or Alaskan Native | 26 | $5,310,000 | $204,000 | $555,000 | $89,000 | $180,000 |
| Native Hawaiian or Other Pacific Islander | 9 | $1,685,000 | $187,000 | $365,000 | $81,000 | $151,000 |
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) | 3,977 | $654,955,000 | $164,000 | $9,945,000 | $92,000 | $4,251,000 |
| FHA-insured (Federal Housing Administration) | 1,011 | $196,925,000 | $194,000 | $425,000 | $62,000 | $420,000 |
| VA-guaranteed (Veterans Administration) | 650 | $157,980,000 | $243,000 | $1,135,000 | $74,000 | $1,201,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 157 | $30,105,000 | $191,000 | $365,000 | $65,000 | $133,000 |
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 | 2,722 | $504,470,000 | $185,000 | $9,945,000 | $93,000 | $2,993,000 |
| Application Denied By Financial Institution | 1,099 | $153,735,000 | $139,000 | $1,505,000 | $66,000 | $1,325,000 |
| Application Withdrawn By Applicant | 916 | $174,730,000 | $190,000 | $755,000 | $82,000 | $1,362,000 |
| Loan Purchased By The Institution | 590 | $125,200,000 | $212,000 | $705,000 | $86,000 | $350,000 |
| File Closed For Incompleteness | 302 | $50,670,000 | $167,000 | $1,135,000 | $92,000 | $4,251,000 |
| Application Approved But Not Accepted | 148 | $27,790,000 | $187,000 | $1,545,000 | $84,000 | $1,200,000 |
| Preapproval Approved but not Accepted | 16 | $2,770,000 | $173,000 | $375,000 | $72,000 | $153,000 |
| Preapproval Denied by Financial Institution | 2 | $600,000 | $300,000 | $545,000 | $41,000 | $46,000 |
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 | 4,631 | $874,485,000 | $188,000 | $9,945,000 | $90,000 | $4,251,000 |
| Debt-To-Income Ratio | 384 | $59,480,000 | $154,000 | $1,505,000 | $58,000 | $580,000 |
| Credit History | 339 | $41,395,000 | $122,000 | $655,000 | $66,000 | $255,000 |
| Collateral | 154 | $22,000,000 | $142,000 | $685,000 | $74,000 | $307,000 |
| Credit Application Incomplete | 110 | $14,680,000 | $133,000 | $455,000 | $73,000 | $272,000 |
| Other | 92 | $15,010,000 | $163,000 | $415,000 | $73,000 | $312,000 |
| Unverifiable Information | 39 | $6,375,000 | $163,000 | $1,055,000 | $105,000 | $1,325,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 35 | $4,845,000 | $138,000 | $335,000 | $57,000 | $146,000 |
| Employment History | 11 | $1,695,000 | $154,000 | $305,000 | $60,000 | $110,000 |
| Mortgage Insurance Denied | 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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