Ally Bank Mortgage Lending & HMDA Data, 2023
In 2023, Ally Bank of Charlotte, NC reported 6,603 mortgage applications totaling $2.4 billion, down 68% from 2022. The average application was for $360,101, and applicants reported an average income of $166,142. 41% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (192), Houston-The Woodlands-Sugar Land, TX (165) and Chicago-Naperville, IL (164) (applications in parentheses).
| Mortgage Company & Address | Ally Bank Charlotte, NC 28202 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 |
| Total Number of Mortgage Applications | 6,603 |
| Total Mortgage Loan Application Amount | $2,377,750,000 |
| Average Mortgage Loan Application Amount | $360,101 |
| Highest Mortgage Loan Application Amount | $35,005,000 |
| Average Applicant Income | $166,142 |
| Highest Applicant Income | $5,220,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ally Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Ally Bank in 2023
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 | 5,606 | $2,091,400,000 | $373,000 | $3,575,000 | $170,000 | $5,220,000 |
| Cash-out Refinancing | 509 | $136,515,000 | $268,000 | $2,225,000 | $147,000 | $2,893,000 |
| Refinancing | 276 | $110,755,000 | $402,000 | $35,005,000 | $141,000 | $1,322,000 |
| Other Purpose | 135 | $25,175,000 | $186,000 | $1,255,000 | $153,000 | $2,019,000 |
| Home Improvement | 77 | $13,905,000 | $180,000 | $555,000 | $125,000 | $1,075,000 |
| 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 | 3,804 | $1,288,620,000 | $338,000 | $3,575,000 | $158,000 | $4,205,000 |
| Not Provided | 1,066 | $401,060,000 | $376,000 | $2,395,000 | $179,000 | $2,701,000 |
| Hispanic | 522 | $178,130,000 | $341,000 | $2,005,000 | $158,000 | $1,490,000 |
| Black or African American | 466 | $147,590,000 | $316,000 | $1,485,000 | $146,000 | $1,051,000 |
| Asian | 374 | $174,730,000 | $467,000 | $3,075,000 | $208,000 | $5,220,000 |
| Not applicable | 82 | $55,815,000 | $689,000 | $35,005,000 | $0 | $0 |
| American Indian or Alaskan Native | 53 | $15,645,000 | $295,000 | $1,065,000 | $142,000 | $991,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $2,555,000 | $365,000 | $575,000 | $129,000 | $211,000 |
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) | 6,603 | $2,377,750,000 | $360,000 | $35,005,000 | $166,000 | $5,220,000 |
| 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 | 2,703 | $992,640,000 | $367,000 | $35,005,000 | $155,000 | $2,701,000 |
| Application Withdrawn By Applicant | 1,757 | $644,605,000 | $366,000 | $3,075,000 | $186,000 | $4,205,000 |
| File Closed For Incompleteness | 1,091 | $366,745,000 | $336,000 | $1,865,000 | $179,000 | $5,220,000 |
| Application Denied By Financial Institution | 490 | $148,030,000 | $302,000 | $2,095,000 | $139,000 | $1,800,000 |
| Preapproval Approved but not Accepted | 442 | $193,130,000 | $436,000 | $2,005,000 | $155,000 | $1,098,000 |
| Loan Purchased By The Institution | 80 | $20,810,000 | $260,000 | $415,000 | $0 | $0 |
| Application Approved But Not Accepted | 39 | $11,515,000 | $295,000 | $1,085,000 | $144,000 | $575,000 |
| Preapproval Denied by Financial Institution | 1 | $275,000 | $275,000 | $275,000 | $60,000 | $60,000 |
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 | 6,112 | $2,229,445,000 | $364,000 | $35,005,000 | $168,000 | $5,220,000 |
| Debt-To-Income Ratio | 174 | $61,380,000 | $352,000 | $1,915,000 | $112,000 | $1,215,000 |
| Credit History | 154 | $41,380,000 | $268,000 | $1,405,000 | $167,000 | $1,800,000 |
| Collateral | 83 | $21,135,000 | $254,000 | $1,015,000 | $142,000 | $1,127,000 |
| Credit Application Incomplete | 33 | $8,385,000 | $254,000 | $705,000 | $116,000 | $278,000 |
| Other | 14 | $3,900,000 | $278,000 | $745,000 | $148,000 | $409,000 |
| Unverifiable Information | 14 | $7,500,000 | $535,000 | $2,095,000 | $239,000 | $1,310,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 14 | $3,310,000 | $236,000 | $785,000 | $96,000 | $204,000 |
| Employment History | 5 | $1,315,000 | $263,000 | $335,000 | $88,000 | $159,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ally Bank's 2023 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 Ally Bank'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.
For a list of all lenders in North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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