Henry County, IL Mortgage Lenders & HMDA Data, 2018

In 2018, lenders reported 1,876 mortgage applications in Henry County, IL totaling $193.3 million, down 2% from 2017. The average application was for $103,000, and applicants reported an average income of $76,000. 63% of applications resulted in an originated loan and 12% were denied. The most active lender was I H Mississippi Valley Credit Union, with 194 applications, followed by Vibrant Credit Union and Empeople Credit Union.

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Whether you're an industry professional, homebuyer, or researcher, this data helps you stay informed about local mortgage trends and lending activity.

Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,876
Total Mortgage Loan Application Amount $193,300,000
Average Mortgage Loan Application Amount $103,000
Highest Mortgage Loan Application Amount $1,055,000
Average Applicant Income $76,000
Highest Applicant Income $800,000

Mortgage Company List for Lending in Henry County, IL for 2018

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
I H Mississippi Valley Credit Union
2121 47TH STREET
MOLINE, IL 61265
* $ 1,267,507,000 194 $ 17,120,000
Vibrant Credit Union
1900 52ND AVE
MOLINE, IL 61265
* $ 653,286,000 174 $ 16,580,000
Empeople Credit Union
3950 38TH AVENUE
MOLINE, IL 61265
* $ 940,832,000 104 $ 11,530,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 456,025,829,000 73 $ 7,735,000
Union Federal Savings and Loan
104 N TREMONT ST
KEWANEE, IL 61443
* $ 149,275,000 62 $ 3,590,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,747,398,000,000 60 $ 7,170,000
Farmers & Mechanics Bank
21 E MAIN ST
GALESBURG, IL 61401
* $ 361,236,000 59 $ 4,155,000
Bankorion
1114 4TH STREET
ORION, IL 61273
* $ 441,810,000 56 $ 5,990,000
Greenstate Credit Union
2355 LANDON RD
NORTH LIBERTY, IA 52317
* $ 4,672,409,000 55 $ 5,225,000
Farmers National Bank
114 W THIRD ST
PROPHETSTOWN, IL 61277
* $ 652,812,000 51 $ 4,765,000
Blackhawk Bank & Trust
301 4TH STREET WEST
MILAN, IL 61264
* $ 1,282,292,000 49 $ 4,755,000
Central Bank Illinois
101 N STATE ST
GENESEO, IL 61254
* $ 861,877,000 49 $ 7,095,000
Community Banc Mortgage Corp
301 N MAIN
CHATHAM, IL 62629
* $ -1,000 44 $ 3,800,000
Ruhl Mortgage LLC
1701 52ND AVENUE
MOLINE, IL 61265
* $ -1,000 43 $ 6,055,000
Peoples National Bank of Kewanee
207 N TREMONT ST
KEWANEE, IL 61443
* $ 247,099,000 38 $ 2,010,000
State Bank of Toulon
102 W MAIN STREET, PO BOX 609
TOULON, IL 61483
* $ 221,919,000 36 $ 1,960,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ -1,000 35 $ 3,695,000
Community State Bank
625 SE 2ND ST
GALVA, IL 61434
* $ 217,293,000 29 $ 1,765,000
Ascentra Credit Union
PO BOX 1107
BETTENDORF, IA 52722
* $ 409,301,000 28 $ 1,610,000
Ditech Financial LLC
1100 VIRGINIA DRIVE, SUITE 100
FORT WASHINGTON, PA 19034
* $ -1,000 24 $ 2,840,000
BNC National Bank

BISMARCK, ND 58501
* $ 945,013,000 22 $ 2,520,000
Caliber Home Loans, Inc.
1525 S. BELTLINE ROAD
WILMINGTON, DE 75019
* $ -1,000 19 $ 2,735,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ -1,000 18 $ 2,370,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 2,140,778,000,000 18 $ 1,830,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ -1,000 18 $ 2,620,000
American B&T C, N.A.
4301 E 53RD STREET
DAVENPORT, IA 52807
* $ 336,769,000 18 $ 1,790,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ -1,000 16 $ 2,570,000
Perl Mortgage, Inc.
2936 WEST BELMONT AVE
CHICAGO, IL 60618
* $ -1,000 15 $ 2,405,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ -1,000 15 $ 2,155,000
Franklin American Mortgage Company
6100 TOWER CIRCLE SUITE 600
FRANKLIN, TN 37067
* $ -1,000 15 $ 2,265,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ -1,000 14 $ 1,990,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ -1,000 14 $ 2,210,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ -1,000 13 $ 1,425,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 80,522,766,000 12 $ 1,990,000
Senb Bank
3535 AVENUE OF THE CITIES
MOLINE, IL 61265
* $ 209,091,000 12 $ 1,070,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ -1,000 11 $ 1,025,000
First Midwest Bank
300 N. HUNT CLUB ROAD
GURNEE, IL 60031
* $ 14,014,053,000 11 $ 825,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ -1,000 10 $ 1,610,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 370,002,264,000 10 $ 760,000
Citizens Equity First Credit U
5401 W DIRKSEN PKWY
PEORIA, IL 61607
* $ 5,811,215,000 10 $ 590,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ 2,002,887,000 10 $ 1,020,000
State Farm Bank, F.S.B.
1 STATE FARM PLAZA E-6
BLOOMINGTON, IL 61710
* $ 16,696,742,000 8 $ 330,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ -1,000 8 $ 550,000
Plains Commerce Bank
220 MAIN ST
HOVEN, SD 57450
* $ 650,256,000 7 $ 815,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ -1,000 7 $ 1,105,000
Leaderone Financial Corp.
7500 COLLEGE BLVD SUITE 1150
OVERLAND PARK, KS 66210
* $ -1,000 7 $ 955,000
Royal United Mortgage LLC
7999 KNUE RD. STE 300
INDIANAPOLIS, IN 46256
* $ -1,000 7 $ 725,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,751,524,000,000 7 $ 395,000
The Family Credit Union
1530 W 53RD STREET
DAVENPORT, IA 52806
* $ 154,487,000 6 $ 360,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 121,995,997,000 6 $ 890,000
Pacific Union Financial, LLC
8900 FREEPORT PKWY, STE 150
IRVING, TX 75063
* $ -1,000 6 $ 750,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 90,565,764,000 6 $ 430,000
Farmers State Bank of Western Illinois
PO BOX 369
ALPHA, IL 61413
* $ 136,254,000 6 $ 410,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ -1,000 5 $ 455,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ 98,729,134,000 5 $ 275,000
Home Point Financial Corporation
1194 OAK VALLEY DRIVE, SUITE 80
ANN ARBOR, MI 48108
* $ -1,000 5 $ 935,000
First State Mortgage Services
502 N HERSHEY ROAD
BLOOMINGTON, IL 61704
* $ -1,000 5 $ 1,295,000
Mwabank
100 17TH STREET
ROCK ISLAND, IL 61201
* $ 287,995,000 5 $ 695,000
Dutrac Community Credit Union
P O BOX 3250
DUBUQUE, IA 52004
* $ 704,922,000 5 $ 635,000
Flagstar Bank NA

TROY, MI 49098
* $ 16,855,693,000 5 $ 845,000
Fortress Bank
9000 N. KNOXVILLE AVENUE
PEORIA, IL 61615
* $ 408,053,000 4 $ 240,000
Success Mortgage Partners, Inc
1200 S. SHELDON RD.
PLYMOUTH, MI 48170
* $ -1,000 4 $ 620,000
Homeward Residential, Inc.
16675 ADDISON ROAD
ADDISON, TX 75001
* $ -1,000 4 $ 490,000
Flanagan State Bank
301 W FALCON HWY
FLANAGAN, IL 61740
* $ 191,384,000 4 $ 370,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ -1,000 4 $ 160,000
R.I.A. Federal Credit Union
PO BOX 4750
BETTENDORF, IA 52722
* $ 396,171,000 3 $ 235,000
Everbank N.A.
501 RIVERSIDE AVENUE
JACKSONVILLE, FL 32202
* $ 34,298,273,000 3 $ 195,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ -1,000 3 $ 405,000
J.G. Wentworth Home Lending, LLC
3350 COMMISSION COURT
WOODBRIDGE, VA 22192
* $ -1,000 3 $ 495,000
Northpointe Bank
3333 DEPOSIT DRIVE NE
GRAND RAPIDS, MI 49546
* $ 827,634,000 3 $ 525,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ -1,000 3 $ 775,000
Sovereign Lending Group Inc.

NEWPORT BEACH, CA 92660
* $ -1,000 3 $ 555,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ -1,000 3 $ 285,000
Northwest Bank & Trust Company
100 E KIMBERLY ROAD
DAVENPORT, IA 52806
* $ 177,240,000 3 $ 415,000
Morton Community Bank
721 W. JACKSON
MORTON, IL 61550
* $ 3,479,424,000 2 $ 60,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ -1,000 2 $ 180,000
Servion
500 MAIN STREET
NEW BRIGHTON, MN 55112
* $ -1,000 2 $ 150,000
BMO Harris Bank NA
111 W. MONROE
CHICAGO, IL 60606
* $ 109,372,608,000 2 $ 130,000
State Bank of Lincoln
508 BROADWAY STREET
LINCOLN, IL 62656
* $ 342,347,000 2 $ 120,000
Gas & Electric Credit Union
2300 4TH AVE
ROCK ISLAND, IL 61201
* $ 74,704,000 2 $ 270,000
Cuso Mortgage, Inc.
5601 E LA PALMA AVENUE
ANAHEIM, CA 92807
* $ -1,000 2 $ 360,000
Lower, LLC
5950 SYMPHONY WOODS DRIVE
COLUMBIA, MD 21044
* $ -1,000 2 $ 170,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ -1,000 2 $ 130,000
R M K Financial Corp.
1819 S. EXCISE AVENUE
ONTARIO, CA 91761
* $ -1,000 2 $ 280,000
Inb, National Association
322 E. CAPITOL
SPRINGFIELD, IL 62701
* $ 899,214,000 2 $ 300,000
Gateway Mortgage Group, LLC
244 SOUTH GATEWAY PLACE
JENKS, OK 74037
* $ -1,000 2 $ 130,000
Firstbank
1221 BROADWAY SUITE 1300
NASHVILLE, TN 37203
* $ 4,724,296,000 2 $ 110,000
American Advisors Group
3800 W.CHAPMAN SUITE 300
ORANGE, CA 92868
* $ -1,000 2 $ 70,000
Midland States Bank
1201 NETWORK CENTRE DRIVE
EFFINGHAM, IL 62401
* $ 4,401,191,000 2 $ 130,000
Regions Bank
1900 5TH AVENUE N
BIRMINGHAM, AL 35203
* $ 123,325,220,000 2 $ 170,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 14,726,156,000 2 $ 170,000
Citimortgage, Inc.
1 COURT SQUARE, 43RD FLOOR
LONG ISLAND CITY, NY 11120
* $ -1,000 2 $ 100,000
Alliant Credit Union
11545 W TOUHY
CHICAGO, IL 60666
* $ 9,696,344,000 2 $ 140,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ 216,077,000,000 2 $ 330,000
Blue Grass Savings Bank
104 E. MAYNE PO BOX 248
BLUE GRASS, IA 52726
* $ 196,756,000 2 $ 210,000
Farmers-Merchants Bank of Illinois
P.O. BOX 217
JOY, IL 61260
* $ 43,025,000 1 $ 205,000
Amarillo National Bank
410 S TAYLOR STREET
AMARILLO, TX 79101
* $ 3,973,612,000 1 $ 165,000
Suntrust Mortgage, Inc.
901 SEMMES AVENUE
RICHMOND, VA 23224
* $ -1,000 1 $ 115,000
Texas Capital Bank, National Association
2000 MCKINNEY AVE SUITE 700
DALLAS, TX 75201
* $ 25,054,739,000 1 $ 135,000
Veridian Credit Union
1827 ANSBOROUGH AVE
WATERLOO, IA 50701
* $ 3,558,094,000 1 $ 105,000
360 Mortgage Group, LLC
11305 FOUR POINTS DRIVE, BLDG 1, #200
AUSTIN, TX 78726
* $ -1,000 1 $ 55,000
Goldwater Bank, N.A.
2525 EAST CAMELBACK ROAD SUITE 1100
PHOENIX, AZ 85016
* $ 192,687,000 1 $ 165,000
First Trust & Savings Bank of Albany, Illinois
209 SOUTH MAIN STREET
ALBANY, IL 61230
* $ 190,288,000 1 $ 85,000
Great Plains National Bank
5909 NW EXPRESSWAY
ELK CITY, OK 73644
* $ 629,025,000 1 $ 205,000
NBKC Bank
8320 WARD PARKWAY
KANSAS CITY, MO 64114
* $ 631,522,000 1 $ 145,000
Quad City Bank and Trust
4500 NORTH BRADY STREET
DAVENPORT, IA 52806
* $ 1,560,053,000 1 $ 455,000
Bridgeview Bank Group
7940 S HARLEM
BRIDGEVIEW, IL 60455
* $ 1,175,351,000 1 $ 145,000
Illinois State Credit Union
1309 S CENTER
NORMAL, IL 61761
* $ 119,884,000 1 $ 105,000
Boeing Employees' Credit Union
12770 GATEWAY DRIVE
TUKWILA, WA 98168
* $ 17,840,297,000 1 $ 85,000
Consumer Loan Services, LLC
811 MONITOR STREET
LA CROSSE, WI 54603
* $ -1,000 1 $ 95,000
Thrivent Federal Credit Union

SHAKOPEE, MN 55379
* $ 526,546,000 1 $ 45,000
Arc Home LLC

MOORESTOWN, NJ 08057
* $ -1,000 1 $ 185,000
Admirals Bank
15 PARK ROW WEST
PROVIDENCE, RI 02903
* $ 287,783,000 1 $ 25,000
Longbridge Financial, LLC
1 INTERNATIONAL BOULEVARD, SUITE 900
MAHWAH, NJ 07495
* $ -1,000 1 $ 45,000
Compeer Financial
2600 JENNY WREN TRAIL
SUN PRAIRIE, WI 53590
* $ -1,000 1 $ 575,000
Roundpoint Mortgage Servicing LLC
446 WRENPLACE ROAD
FORT MILL, SC 29715
* $ -1,000 1 $ 75,000
Primary Residential Mortgage, Inc.
1480 N 2200 W
SALT LAKE CITY, UT 84116
* $ -1,000 1 $ 65,000
Sierra Pacific Mortgage Co. Inc
1180 IRON POINT RD, SUITE 200
FOLSOM, CA 95630
* $ -1,000 1 $ 215,000
American Airlines Federal Cred
4151 AMON CARTER BLVD
FORT WORTH, TX 76155
* $ 6,681,526,000 1 $ 85,000
Commerce Bank
922 WALNUT, TB 12-1
KANSAS CITY, MO 64106
* $ 24,727,667,000 1 $ 175,000
The Money Source Inc.
135 MAXESS ROAD
NEW YORK, NY 11747
* $ -1,000 1 $ 95,000
Third Federal Savings and Loan
7007 BROADWAY AVENUE
CLEVELAND, OH 44105
* $ 13,854,593,000 1 $ 55,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ -1,000 1 $ 215,000
CIBC Bank USA
120 SOUTH LASALLE
CHICAGO, IL 60602
* $ 25,741,733,000 1 $ 85,000
Low VA Rates, LLC
384 SOUTH 400 WEST, #100
LINDON, UT 84042
* $ -1,000 1 $ 5,000
Wyndham Capital Mortgage, Inc.
6115 PARK SOUTH DRIVE, STE 200
RALEIGH, NC 28210
* $ -1,000 1 $ 155,000
Paramount Residential Mortgage
1265 CORONA POINTE CT SUITE 301
CORONA, CA 92879
* $ -1,000 1 $ 75,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ -1,000 1 $ 215,000
Midwest Bank
200 EAST BROADWAY, P.O. BOX 440
MONMOUTH, IL 61462
* $ 460,489,000 1 $ 105,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ 316,352,000 1 $ 75,000
1st Community Bank
1803 SE 3RD ST PO BOX 147
ALEDO, IL 61231
* $ 64,243,000 1 $ 135,000
First Central State Bank
914 6TH AVE
DE WITT, IA 52742
* $ 402,895,000 1 $ 365,000
Towne Mortgage Company
888 WEST BIG BEAVER ROAD SUITE 310
TROY, MI 48084
* $ -1,000 1 $ 175,000
Baxter Credit Union
340 N MILWAUKEE AVE
340 N MILWAUKEE AVE, IL 60061
* $ 2,948,023,000 1 $ 45,000
Bankunited, National Association
7815 NW 148TH STREET
MIAMI LAKES, FL 33016
* $ 30,280,467,000 1 $ 125,000
Suntrust Banks, Inc.
P.O. BOX 4418, MAIL CODE 663
ATLANTA, GA 30302
* $ 201,637,519,000 1 $ 65,000
First Bank
11901 OLIVE BOULEVARD
SAINT LOUIS, MO 63141
* $ 6,122,853,000 1 $ 115,000
Community Bank of Oak Park River Forest
1001 LAKE STREET
OAK PARK, IL 60301
* $ 325,652,000 1 $ 155,000
Network Capital Funding Corporation
7700 IRVINE CENTER DRIVE #300
IRVINE, CA 92618
* $ -1,000 1 $ 95,000
Mortgage Solutions of Colorado
7450 CAMPUS DRIVE SUITE 200
COLORADO SPRINGS, CO 80920
* $ -1,000 1 $ 255,000
Gershman Investment Corp.
16253 SWINGLEY RIDGE ROAD, SUITE 400
CHESTERFIELD, MO 63017
* $ -1,000 1 $ 115,000
First National Bank of Omaha
1620 DODGE STREET
OMAHA, NE 68197
* $ 20,351,074,000 1 $ 145,000
First Guaranty Mortgage Corporation
1900 GALLOWS ROAD, SUITE 800
TYSONS CORNER, VA 22182
* $ -1,000 1 $ 155,000
1st Alliance Lending, LLC
111 FOUNDERS PLAZA, SUITE 1300
EAST HARTFORD, CT 06108
* $ -1,000 1 $ 105,000
Cbi Bank & Trust
301 IOWA AVE
MUSCATINE, IA 52761
* $ 526,901,000 1 $ 185,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ -1,000 1 $ 235,000

The tables below break down 2018 mortgage applications in Henry County, IL by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Henry County, IL in 2018

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 996 $113,060,000 $113,000 $455,000 $77,000 $800,000
Refinancing 304 $31,240,000 $102,000 $1,055,000 $75,000 $758,000
Cash-out Refinancing 298 $35,820,000 $120,000 $425,000 $71,000 $240,000
Home Improvement 130 $5,330,000 $41,000 $205,000 $79,000 $448,000
Other Purpose 111 $4,905,000 $44,000 $215,000 $80,000 $700,000
Not Applicable 37 $2,945,000 $79,000 $385,000 $90,000 $250,000

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 1,498 $152,550,000 $101,000 $1,055,000 $77,000 $800,000
Not applicable 175 $21,185,000 $121,000 $405,000 $65,000 $269,000
Not Provided 133 $13,425,000 $100,000 $455,000 $75,000 $324,000
Hispanic 56 $5,270,000 $94,000 $315,000 $62,000 $148,000
Black or African American 7 $395,000 $56,000 $125,000 $55,000 $107,000
Asian 5 $355,000 $71,000 $155,000 $52,000 $92,000
American Indian or Alaskan Native 1 $25,000 $25,000 $25,000 $14,000 $14,000
Native Hawaiian or Other Pacific Islander 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) 1,385 $136,635,000 $98,000 $1,055,000 $82,000 $800,000
FHA-insured (Federal Housing Administration) 190 $21,450,000 $112,000 $455,000 $60,000 $158,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 166 $14,150,000 $85,000 $175,000 $44,000 $104,000
VA-guaranteed (Veterans Administration) 135 $21,065,000 $156,000 $425,000 $70,000 $184,000

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 1,180 $118,090,000 $100,000 $1,055,000 $78,000 $758,000
Application Denied By Financial Institution 230 $18,420,000 $80,000 $305,000 $65,000 $800,000
Loan Purchased By The Institution 194 $25,750,000 $132,000 $455,000 $84,000 $269,000
Application Withdrawn By Applicant 184 $21,370,000 $116,000 $385,000 $76,000 $250,000
File Closed For Incompleteness 48 $6,500,000 $135,000 $425,000 $84,000 $324,000
Application Approved But Not Accepted 37 $2,945,000 $79,000 $245,000 $73,000 $240,000
Preapproval Denied by Financial Institution 2 $140,000 $70,000 $95,000 $41,000 $48,000
Preapproval Approved but not Accepted 1 $85,000 $85,000 $85,000 $49,000 $49,000

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 1,447 $152,685,000 $105,000 $1,055,000 $77,000 $758,000
Debt-To-Income Ratio 270 $27,690,000 $102,000 $455,000 $73,000 $593,000
Credit History 76 $5,350,000 $70,000 $285,000 $64,000 $700,000
Collateral 29 $2,545,000 $87,000 $215,000 $68,000 $200,000
Other 24 $2,020,000 $84,000 $195,000 $69,000 $596,000
Credit Application Incomplete 17 $1,735,000 $102,000 $285,000 $68,000 $123,000
Insufficient Cash (Downpayment, Closing Cost) 7 $795,000 $113,000 $305,000 $164,000 $800,000
Unverifiable Information 3 $255,000 $85,000 $115,000 $115,000 $225,000
Employment History 3 $225,000 $75,000 $105,000 $38,000 $48,000
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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