American Bank of Freedom Mortgage Lending & HMDA Data, 2016
In 2016, American Bank of Freedom of Wellsville, MO reported 1,144 mortgage applications totaling $197.5 million, about the same as 2015. The average application was for $172,659, and applicants reported an average income of $54,730. 24% of its applications resulted in an originated loan and 4% were denied. Its largest markets were St. Louis, MO-IL (237), Rapid City, SD (195) and Cheyenne, WY (58) (applications in parentheses).
| Mortgage Company & Address | American Bank of Freedom 127 West Hudson Wellsville, MO 63384 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 1,144 |
| Total Mortgage Loan Application Amount | $197,523,000 |
| Average Mortgage Loan Application Amount | $172,659 |
| Highest Mortgage Loan Application Amount | $8,469,000 |
| Average Applicant Income | $54,730 |
| Highest Applicant Income | $427,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Bank of Freedom filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| St. Louis, MO-IL | 237 | $ 42,025,000 | $ 177,320 | $ 15,932 |
| Rapid City, SD | 195 | $ 37,243,000 | $ 190,989 | $ 79,000 |
| Cheyenne, WY | 58 | $ 13,498,000 | $ 232,724 | $ 74,000 |
| Joplin, MO | 58 | $ 6,315,000 | $ 108,879 | $ 48,000 |
| Cedar Rapids, IA | 49 | $ 6,281,000 | $ 128,183 | $ 57,000 |
| Lafayette-West Lafayette, IN | 49 | $ 6,018,000 | $ 122,816 | $ 45,000 |
| Jefferson City, MO | 44 | $ 5,376,000 | $ 122,181 | $ 37,000 |
| Sioux Falls, SD | 17 | $ 3,163,000 | $ 186,058 | $ 75,000 |
| Casper, WY | 12 | $ 1,970,000 | $ 164,166 | $ 46,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 11 | $ 1,135,000 | $ 103,181 | $ 45,000 |
| East Stroudsburg, PA | 8 | $ 1,842,000 | $ 230,250 | $ 100,000 |
| Dallas-Plano-Irving, TX | 7 | $ 1,186,000 | $ 169,428 | $ 68,000 |
| Grand Junction, CO | 6 | $ 1,084,000 | $ 180,666 | $ 87,000 |
| Springfield, MO | 6 | $ 698,000 | $ 116,333 | $ 57,000 |
| Indianapolis-Carmel-Anderson, IN | 5 | $ 562,000 | $ 112,400 | $ 48,000 |
| Ann Arbor, MI | 2 | $ 822,000 | $ 411,000 | $ 60,000 |
| Colorado Springs, CO | 2 | $ 488,000 | $ 244,000 | $ 69,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 619,000 | $ 309,500 | $ 91,000 |
| Greeley, CO | 2 | $ 560,000 | $ 280,000 | $ 126,000 |
| Bismarck, ND | 1 | $ 125,000 | $ 125,000 | $ 76,000 |
| Bloomington, IN | 1 | $ 41,000 | $ 41,000 | $ 14,000 |
| Chicago-Naperville-Arlington Heights, IL | 1 | $ 227,000 | $ 227,000 | $ 56,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 175,000 | $ 175,000 | $ 39,000 |
| Fargo, ND-MN | 1 | $ 155,000 | $ 155,000 | $ 67,000 |
| Fort Collins, CO | 1 | $ 215,000 | $ 215,000 | $ 71,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 195,000 | $ 195,000 | $ 116,000 |
| Iowa City, IA | 1 | $ 253,000 | $ 253,000 | $ 63,000 |
| Kansas City, MO-KS | 1 | $ 157,000 | $ 157,000 | $ 45,000 |
| Lincoln, NE | 1 | $ 150,000 | $ 150,000 | $ 53,000 |
| Newark, NJ-PA | 1 | $ 90,000 | $ 90,000 | $ 58,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 108,000 | $ 108,000 | $ 29,000 |
| Peoria, IL | 1 | $ 56,000 | $ 56,000 | $ 26,000 |
| Sherman-Denison, TX | 1 | $ 95,000 | $ 95,000 | $ 23,000 |
| Tallahassee, FL | 1 | $ 117,000 | $ 117,000 | $ 46,000 |
| Tyler, TX | 1 | $ 108,000 | $ 108,000 | $ 43,000 |
| Waterloo-Cedar Falls, IA | 1 | $ 101,000 | $ 101,000 | $ 56,000 |
Mortgage Loan Application Detail Totals for American Bank of Freedom 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 | 851 | $137,334,000 | $161,000 | $1,630,000 | $53,000 | $417,000 |
| Refinancing | 265 | $54,014,000 | $203,000 | $8,469,000 | $61,000 | $427,000 |
| Home Improvement | 28 | $6,175,000 | $220,000 | $2,100,000 | $48,000 | $405,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 962 | $174,021,000 | $180,000 | $8,469,000 | $57,000 | $427,000 |
| White | 175 | $22,831,000 | $130,000 | $600,000 | $44,000 | $351,000 |
| Black or African American | 4 | $370,000 | $92,000 | $175,000 | $30,000 | $57,000 |
| Hispanic | 2 | $153,000 | $76,000 | $87,000 | $22,000 | $44,000 |
| Asian | 1 | $148,000 | $148,000 | $148,000 | $66,000 | $66,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 526 | $103,369,000 | $196,000 | $8,469,000 | $55,000 | $427,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 260 | $33,588,000 | $129,000 | $375,000 | $45,000 | $103,000 |
| FHA-insured (Federal Housing Administration) | 256 | $38,825,000 | $151,000 | $303,000 | $59,000 | $417,000 |
| VA-guaranteed (Veterans Administration) | 102 | $21,741,000 | $213,000 | $417,000 | $68,000 | $172,000 |
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 Purchased By The Institution | 787 | $133,709,000 | $169,000 | $417,000 | $70,000 | $427,000 |
| Loan Originated | 272 | $51,003,000 | $187,000 | $8,469,000 | $25,000 | $351,000 |
| Application Denied By Financial Institution | 47 | $5,767,000 | $122,000 | $433,000 | $24,000 | $142,000 |
| Application Withdrawn By Applicant | 28 | $5,839,000 | $208,000 | $870,000 | $0 | $0 |
| Application Approved But Not Accepted | 8 | $1,063,000 | $132,000 | $270,000 | $5,000 | $44,000 |
| File Closed For Incompleteness | 2 | $142,000 | $71,000 | $83,000 | $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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 American Bank of Freedom's 2016 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 American Bank of Freedom'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 Missouri, download the full spreadsheet
with aggregated HMDA statistics today.
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