Lafayette, IN Metro Area Mortgage Lenders & HMDA Data, 2006
In 2006, lenders reported 13,503 mortgage applications in Lafayette, IN metro area totaling $1.4 billion, down 2% from 2005. The average application was for $104,424, and applicants reported an average income of $63,000. 45% of applications resulted in an originated loan and 19% were denied. The most active lender was Purdue Federal CU, with 720 applications, followed by Gmac Mortgage LLC and Countrywide Home Loans.
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| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 13,503 |
| Total Mortgage Loan Application Amount | $1,410,040,000 |
| Average Mortgage Loan Application Amount | $104,424 |
| Highest Mortgage Loan Application Amount | $6,900,000 |
| Average Applicant Income | $63,000 |
| Highest Applicant Income | $2,027,000 |
Top Mortgage Lenders in Lafayette, IN Metro Area (2006)
Ranked by the number of mortgage applications each lender reported in Lafayette, IN metro area in 2006.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Purdue Federal CU West Lafayette, IN |
720 | $74,166,000 | $103,000 | $81,000 |
| 2 | Gmac Mortgage LLC Ft. Washington, PA |
601 | $67,169,000 | $111,000 | $41,000 |
| 3 | Countrywide Home Loans Westlake Village, CA |
581 | $65,785,000 | $113,000 | $60,000 |
| 4 | The Huntington National Bank Columbus, OH |
483 | $44,172,000 | $91,000 | $74,000 |
| 5 | JPMorgan Chase Bank, NA Columbus, OH |
478 | $43,719,000 | $91,000 | $62,000 |
| 6 | Beneficial Company LLC Mettawa, IL |
452 | $42,051,000 | $93,000 | $62,000 |
| 7 | Ameriquest Mortgage Company Orange, CA |
355 | $48,715,000 | $137,000 | $88,000 |
| 8 | Lafayette Savings Bank Lafayette, IN |
353 | $37,643,000 | $106,000 | $73,000 |
| 9 | Wells Fargo Bank, NA Des Moines, IA |
352 | $38,226,000 | $108,000 | $68,000 |
| 10 | Lafayette Bank & Trust NA Lafayette, IN |
338 | $36,647,000 | $108,000 | $68,000 |
See every lender active in Lafayette, IN metro area in 2006 »
The tables below break down 2006 mortgage applications in Lafayette, IN 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 Lafayette, IN in 2006
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 | 6,512 | $704,670,000 | $108,000 | $6,900,000 | $63,000 | $2,027,000 |
| Home Purchase | 6,169 | $673,937,000 | $109,000 | $5,449,000 | $63,000 | $1,600,000 |
| Home Improvement | 822 | $31,433,000 | $38,000 | $360,000 | $64,000 | $751,000 |
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 | 9,826 | $1,000,829,000 | $101,000 | $1,686,000 | $69,000 | $2,027,000 |
| Not applicable | 1,340 | $167,904,000 | $125,000 | $6,900,000 | $22,000 | $529,000 |
| Not Provided | 1,326 | $137,904,000 | $104,000 | $1,950,000 | $63,000 | $1,500,000 |
| Hispanic | 540 | $49,765,000 | $92,000 | $800,000 | $47,000 | $240,000 |
| Black or African American | 225 | $24,294,000 | $107,000 | $572,000 | $56,000 | $240,000 |
| Asian | 192 | $23,791,000 | $123,000 | $748,000 | $91,000 | $345,000 |
| American Indian or Alaskan Native | 29 | $2,346,000 | $80,000 | $206,000 | $52,000 | $150,000 |
| Native Hawaiian or Other Pacific Islander | 25 | $3,207,000 | $128,000 | $432,000 | $98,000 | $293,000 |
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) | 12,419 | $1,284,025,000 | $103,000 | $6,900,000 | $65,000 | $2,027,000 |
| FHA-insured (Federal Housing Administration) | 952 | $109,004,000 | $114,000 | $4,487,000 | $41,000 | $755,000 |
| VA-guaranteed (Veterans Administration) | 129 | $16,741,000 | $129,000 | $325,000 | $44,000 | $140,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $270,000 | $90,000 | $118,000 | $38,000 | $45,000 |
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 | 6,126 | $648,989,000 | $105,000 | $6,900,000 | $72,000 | $1,832,000 |
| Application Denied By Financial Institution | 2,620 | $254,789,000 | $97,000 | $1,200,000 | $61,000 | $2,027,000 |
| Loan Purchased By The Institution | 1,996 | $214,784,000 | $107,000 | $602,000 | $36,000 | $1,600,000 |
| Application Withdrawn By Applicant | 1,575 | $169,040,000 | $107,000 | $2,465,000 | $60,000 | $1,178,000 |
| Application Approved But Not Accepted | 781 | $71,844,000 | $91,000 | $667,000 | $69,000 | $541,000 |
| File Closed For Incompleteness | 404 | $50,466,000 | $124,000 | $352,000 | $81,000 | $1,500,000 |
| Preapproval Approved but not Accepted | 1 | $128,000 | $128,000 | $128,000 | $87,000 | $87,000 |
| 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 | 569 | $48,341,000 | $84,000 | $494,000 | $53,000 | $460,000 |
| Collateral | 373 | $34,105,000 | $91,000 | $489,000 | $70,000 | $2,027,000 |
| Debt-To-Income Ratio | 308 | $31,118,000 | $101,000 | $1,000,000 | $52,000 | $984,000 |
| Other | 278 | $29,514,000 | $106,000 | $572,000 | $71,000 | $984,000 |
| Credit Application Incomplete | 147 | $14,703,000 | $100,000 | $495,000 | $59,000 | $197,000 |
| Unverifiable Information | 38 | $4,275,000 | $112,000 | $486,000 | $74,000 | $330,000 |
| Employment History | 30 | $2,776,000 | $92,000 | $407,000 | $59,000 | $147,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 29 | $3,410,000 | $117,000 | $320,000 | $57,000 | $123,000 |
| 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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