The Villages, FL Metro Area Mortgage Lenders & HMDA Data, 2016
In 2016, lenders reported 7,037 mortgage applications in The Villages, FL metro area totaling $1.4 billion, up 18% from 2015. The average application was for $201,374, and applicants reported an average income of $86,000. 55% of applications resulted in an originated loan and 17% were denied. The most active lender was Citizens First Wholesale Mtgco, with 1,609 applications, followed by loanDepot.com LLC and Citizens First Bank.
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| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 7,037 |
| Total Mortgage Loan Application Amount | $1,417,069,000 |
| Average Mortgage Loan Application Amount | $201,374 |
| Highest Mortgage Loan Application Amount | $99,999,000 |
| Average Applicant Income | $86,000 |
| Highest Applicant Income | $6,000,000 |
Top Mortgage Lenders in The Villages, FL Metro Area (2016)
Ranked by the number of mortgage applications each lender reported in The Villages, FL metro area in 2016.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Citizens First Wholesale Mtgco The Villages, FL |
1,609 | $319,088,000 | $198,000 | $113,000 |
| 2 | loanDepot.com LLC Irvine, CA |
567 | $106,404,000 | $187,000 | $88,000 |
| 3 | Citizens First Bank The Villages, FL |
443 | $86,459,000 | $195,000 | $103,000 |
| 4 | Wells Fargo Bank NA Minneapolis, MN |
322 | $60,410,000 | $187,000 | $98,000 |
| 5 | Suntrust Bank Atlanta, GA |
214 | $2,017,000 | $9,000 | $43,000 |
| 6 | Truist Bank Raleigh, NC |
153 | $28,684,000 | $187,000 | $84,000 |
| 7 | Bank of America NA Westlake Village, CA |
132 | $25,262,000 | $191,000 | $93,000 |
| 8 | Freedom Mortgage Corporation Fishers, IN |
110 | $19,495,000 | $177,000 | $39,000 |
| 9 | JPMorgan Chase Bank, NA Columbus, OH |
108 | $23,805,000 | $220,000 | $96,000 |
| 10 | Suntrust Mortgage, Inc. Richmond, VA |
103 | $16,062,000 | $155,000 | $105,000 |
See every lender active in The Villages, FL metro area in 2016 »
The tables below break down 2016 mortgage applications in The Villages, 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 The Villages, 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 | 3,589 | $704,050,000 | $196,000 | $852,000 | $100,000 | $2,572,000 |
| Refinancing | 3,023 | $689,970,000 | $228,000 | $99,999,000 | $73,000 | $6,000,000 |
| Home Improvement | 425 | $23,049,000 | $54,000 | $1,500,000 | $60,000 | $1,440,000 |
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 | 5,833 | $1,169,894,000 | $200,000 | $99,999,000 | $90,000 | $6,000,000 |
| Not Provided | 557 | $111,373,000 | $199,000 | $1,000,000 | $90,000 | $2,572,000 |
| Not applicable | 286 | $85,726,000 | $299,000 | $28,860,000 | $11,000 | $271,000 |
| Hispanic | 168 | $23,983,000 | $142,000 | $741,000 | $76,000 | $959,000 |
| Black or African American | 133 | $15,001,000 | $112,000 | $417,000 | $59,000 | $780,000 |
| Asian | 29 | $5,962,000 | $205,000 | $416,000 | $131,000 | $540,000 |
| American Indian or Alaskan Native | 24 | $4,061,000 | $169,000 | $531,000 | $109,000 | $733,000 |
| Native Hawaiin or Other Pacific Islander | 7 | $1,069,000 | $152,000 | $239,000 | $72,000 | $131,000 |
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) | 5,358 | $1,089,401,000 | $203,000 | $99,999,000 | $98,000 | $6,000,000 |
| VA-guaranteed (Veterans Administration) | 1,019 | $234,095,000 | $229,000 | $741,000 | $52,000 | $390,000 |
| FHA-insured (Federal Housing Administration) | 595 | $85,207,000 | $143,000 | $350,000 | $45,000 | $1,800,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 65 | $8,366,000 | $128,000 | $238,000 | $33,000 | $95,000 |
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 | 3,874 | $769,683,000 | $198,000 | $28,860,000 | $95,000 | $1,440,000 |
| Application Denied By Financial Institution | 1,175 | $174,269,000 | $148,000 | $740,000 | $74,000 | $6,000,000 |
| Application Withdrawn By Applicant | 822 | $255,069,000 | $310,000 | $99,999,000 | $86,000 | $2,572,000 |
| Loan Purchased By The Institution | 792 | $155,319,000 | $196,000 | $535,000 | $69,000 | $739,000 |
| File Closed For Incompleteness | 228 | $39,215,000 | $171,000 | $661,000 | $71,000 | $959,000 |
| Application Approved But Not Accepted | 144 | $23,280,000 | $161,000 | $640,000 | $72,000 | $540,000 |
| Preapproval Denied by Financial Institution | 2 | $234,000 | $117,000 | $142,000 | $42,000 | $49,000 |
| 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 | 191 | $10,171,000 | $53,000 | $399,000 | $57,000 | $960,000 |
| Debt-To-Income Ratio | 148 | $22,447,000 | $151,000 | $676,000 | $60,000 | $810,000 |
| Credit Application Incomplete | 97 | $17,898,000 | $184,000 | $527,000 | $64,000 | $238,000 |
| Collateral | 70 | $11,239,000 | $160,000 | $740,000 | $75,000 | $270,000 |
| Other | 46 | $5,680,000 | $123,000 | $276,000 | $65,000 | $243,000 |
| Unverifiable Information | 26 | $2,284,000 | $87,000 | $365,000 | $122,000 | $1,828,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 13 | $1,995,000 | $153,000 | $305,000 | $72,000 | $143,000 |
| Employment History | 1 | $260,000 | $260,000 | $260,000 | $66,000 | $66,000 |
| 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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