Austin Bank of Chicago Mortgage Lending & HMDA Data, 2016
In 2016, Austin Bank of Chicago of Chicago, IL reported 247 mortgage applications totaling $57.0 million, up 2% from 2015. The average application was for $230,696, and applicants reported an average income of $88,408. 87% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (181), Elgin, IL (27) and Lake County-Kenosha County, IL-WI (11) (applications in parentheses).
| Mortgage Company & Address | Austin Bank of Chicago 6400 W North Ave Chicago, IL 60707 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 247 |
| Total Mortgage Loan Application Amount | $56,982,000 |
| Average Mortgage Loan Application Amount | $230,696 |
| Highest Mortgage Loan Application Amount | $1,050,000 |
| Average Applicant Income | $88,408 |
| Highest Applicant Income | $851,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Austin Bank of Chicago filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chicago-Naperville-Arlington Heights, IL | 181 | $ 41,302,000 | $ 228,187 | $ 73,000 |
| Elgin, IL | 27 | $ 5,382,000 | $ 199,333 | $ 125,000 |
| Lake County-Kenosha County, IL-WI | 11 | $ 2,815,000 | $ 255,909 | $ 127,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 701,000 | $ 233,666 | $ 51,000 |
| Gary, IN | 2 | $ 384,000 | $ 192,000 | $ 90,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 357,000 | $ 178,500 | $ 95,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 915,000 | $ 457,500 | $ 153,000 |
| Racine, WI | 2 | $ 405,000 | $ 202,500 | $ 89,000 |
| Asheville, NC | 1 | $ 99,000 | $ 99,000 | $ 152,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 373,000 | $ 373,000 | $ 125,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 253,000 | $ 253,000 | $ 851,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 264,000 | $ 264,000 | $ 171,000 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 226,000 | $ 226,000 | $ 42,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 1,050,000 | $ 1,050,000 | $ 59,000 |
| Memphis, TN-MS-AR | 1 | $ 168,000 | $ 168,000 | $ 260,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 324,000 | $ 324,000 | $ 78,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 190,000 | $ 190,000 | $ 176,000 |
| Niles-Benton Harbor, MI | 1 | $ 392,000 | $ 392,000 | $ 154,000 |
| Rockford, IL | 1 | $ 90,000 | $ 90,000 | $ 123,000 |
| Tulsa, OK | 1 | $ 212,000 | $ 212,000 | $ 70,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 263,000 | $ 263,000 | $ 118,000 |
Mortgage Loan Application Detail Totals for Austin Bank of Chicago 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 |
|---|---|---|---|---|---|---|
| Refinancing | 126 | $29,783,000 | $236,000 | $855,000 | $100,000 | $851,000 |
| Home Purchase | 108 | $23,939,000 | $221,000 | $1,050,000 | $83,000 | $288,000 |
| Home Improvement | 13 | $3,260,000 | $250,000 | $750,000 | $21,000 | $111,000 |
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 | 171 | $38,630,000 | $225,000 | $1,050,000 | $111,000 | $851,000 |
| Not applicable | 31 | $10,848,000 | $349,000 | $970,000 | $0 | $0 |
| Black or African American | 19 | $2,808,000 | $147,000 | $633,000 | $65,000 | $288,000 |
| Hispanic | 19 | $3,293,000 | $173,000 | $301,000 | $61,000 | $168,000 |
| Asian | 7 | $1,403,000 | $200,000 | $300,000 | $77,000 | $118,000 |
| 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) | 224 | $51,923,000 | $231,000 | $1,050,000 | $89,000 | $851,000 |
| FHA-insured (Federal Housing Administration) | 22 | $4,839,000 | $219,000 | $301,000 | $79,000 | $139,000 |
| VA-guaranteed (Veterans Administration) | 1 | $220,000 | $220,000 | $220,000 | $126,000 | $126,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 214 | $51,140,000 | $238,000 | $1,050,000 | $94,000 | $851,000 |
| Application Denied By Financial Institution | 24 | $4,131,000 | $172,000 | $417,000 | $48,000 | $118,000 |
| Application Withdrawn By Applicant | 4 | $689,000 | $172,000 | $226,000 | $60,000 | $118,000 |
| Application Approved But Not Accepted | 4 | $847,000 | $211,000 | $309,000 | $41,000 | $76,000 |
| File Closed For Incompleteness | 1 | $175,000 | $175,000 | $175,000 | $138,000 | $138,000 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 11 | $2,046,000 | $186,000 | $417,000 | $35,000 | $95,000 |
| Credit History | 4 | $422,000 | $105,000 | $154,000 | $45,000 | $70,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $494,000 | $164,000 | $360,000 | $76,000 | $111,000 |
| Collateral | 2 | $161,000 | $80,000 | $153,000 | $21,000 | $31,000 |
| Credit Application Incomplete | 1 | $263,000 | $263,000 | $263,000 | $118,000 | $118,000 |
| Employment History | 1 | $228,000 | $228,000 | $228,000 | $55,000 | $55,000 |
| Other | 1 | $269,000 | $269,000 | $269,000 | $81,000 | $81,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Austin Bank of Chicago'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 Austin Bank of Chicago'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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