Schaumburg Bank & Trust Company, N.A. Mortgage Lending & HMDA Data, 2024
In 2024, Schaumburg Bank & Trust Company, N.A. of Schaumburg, IL reported 69 mortgage applications totaling $56.3 million, up 92% from 2023. The average application was for $815,579, and applicants reported an average income of $354,594. 75% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Chicago-Naperville, IL (27), Oakland-Hayward-Berkeley, CA (5) and Anaheim-Santa Ana-Irvine, CA (2) (applications in parentheses).
| Mortgage Company & Address | Schaumburg Bank & Trust Company, N.A. 1180 East Higgins Road Schaumburg Schaumburg, IL 60173 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 |
| Total Number of Mortgage Applications | 69 |
| Total Mortgage Loan Application Amount | $56,275,000 |
| Average Mortgage Loan Application Amount | $815,579 |
| Highest Mortgage Loan Application Amount | $2,055,000 |
| Average Applicant Income | $354,594 |
| Highest Applicant Income | $1,069,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Schaumburg Bank & Trust Company, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Schaumburg Bank & Trust Company, N.A. in 2024
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 | 55 | $45,155,000 | $821,000 | $2,025,000 | $345,000 | $736,000 |
| Refinancing | 8 | $8,760,000 | $1,095,000 | $2,055,000 | $519,000 | $1,069,000 |
| Other Purpose | 4 | $1,890,000 | $472,000 | $1,005,000 | $292,000 | $798,000 |
| Cash-out Refinancing | 2 | $470,000 | $235,000 | $295,000 | $86,000 | $110,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 32 | $25,480,000 | $796,000 | $2,005,000 | $350,000 | $798,000 |
| Not applicable | 14 | $10,750,000 | $767,000 | $2,025,000 | $55,000 | $77,000 |
| Asian | 11 | $12,085,000 | $1,098,000 | $2,055,000 | $434,000 | $1,069,000 |
| Not Provided | 6 | $4,600,000 | $766,000 | $1,145,000 | $350,000 | $500,000 |
| Hispanic | 4 | $2,280,000 | $570,000 | $975,000 | $375,000 | $583,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $945,000 | $945,000 | $945,000 | $214,000 | $214,000 |
| Black or African American | 1 | $135,000 | $135,000 | $135,000 | $67,000 | $67,000 |
| American Indian or Alaskan Native | 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) | 69 | $56,275,000 | $815,000 | $2,055,000 | $344,000 | $1,069,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 52 | $41,550,000 | $799,000 | $2,005,000 | $346,000 | $798,000 |
| Application Withdrawn By Applicant | 11 | $11,985,000 | $1,089,000 | $2,055,000 | $465,000 | $1,069,000 |
| Loan Purchased By The Institution | 4 | $2,530,000 | $632,000 | $2,025,000 | $55,000 | $77,000 |
| File Closed For Incompleteness | 1 | $75,000 | $75,000 | $75,000 | $90,000 | $90,000 |
| Application Denied By Financial Institution | 1 | $135,000 | $135,000 | $135,000 | $67,000 | $67,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 68 | $56,140,000 | $825,000 | $2,055,000 | $350,000 | $1,069,000 |
| Collateral | 1 | $135,000 | $135,000 | $135,000 | $67,000 | $67,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Schaumburg Bank & Trust Company, N.A.'s 2024 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Schaumburg Bank & Trust Company, N.A.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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with aggregated HMDA statistics today.
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