Altabank Mortgage Lending & HMDA Data, 2020
In 2020, Altabank of American Fork, UT reported 1,885 mortgage applications totaling $549.1 million, up 30% from 2019. The average application was for $291,297, and applicants reported an average income of $144,279. 71% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Provo-Orem, UT (554), Logan, UT-ID (372) and Salt Lake City, UT (273) (applications in parentheses).
| Mortgage Company & Address | Altabank 33 E Main American Fork, UT 84003 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,885 |
| Total Mortgage Loan Application Amount | $549,095,000 |
| Average Mortgage Loan Application Amount | $291,297 |
| Highest Mortgage Loan Application Amount | $5,005,000 |
| Average Applicant Income | $144,279 |
| Highest Applicant Income | $1,986,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Altabank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Utah, Utah | 548 | $ 182,080,000 | $ 332,262 | $ 146,000 |
| Cache, Utah | 292 | $ 78,940,000 | $ 270,342 | $ 120,000 |
| Salt Lake, Utah | 254 | $ 90,080,000 | $ 354,645 | $ 154,000 |
| Washington, Utah | 87 | $ 26,715,000 | $ 307,068 | $ 198,000 |
| Franklin, Idaho | 80 | $ 17,070,000 | $ 213,375 | $ 78,000 |
| Shelby, Tennessee | 75 | $ 9,185,000 | $ 122,466 | $ 154,000 |
| Clark, Nevada | 43 | $ 9,675,000 | $ 225,000 | $ 86,000 |
| Davis, Utah | 43 | $ 16,755,000 | $ 389,651 | $ 182,000 |
| Polk, Florida | 40 | $ 5,880,000 | $ 147,000 | $ 131,000 |
| Box Elder, Utah | 30 | $ 8,430,000 | $ 281,000 | $ 89,000 |
| Marion, Florida | 28 | $ 3,760,000 | $ 134,285 | $ 208,000 |
| Marion, Indiana | 27 | $ 2,815,000 | $ 104,259 | $ 106,000 |
| Weber, Utah | 23 | $ 8,885,000 | $ 386,304 | $ 184,000 |
| Jefferson, Alabama | 20 | $ 1,710,000 | $ 85,500 | $ 96,000 |
| Tooele, Utah | 19 | $ 6,525,000 | $ 343,421 | $ 124,000 |
| Wasatch, Utah | 16 | $ 7,680,000 | $ 480,000 | $ 198,000 |
| Rich, Utah | 13 | $ 5,535,000 | $ 425,769 | $ 179,000 |
| York, Pennsylvania | 11 | $ 985,000 | $ 89,545 | $ 195,000 |
| Iron, Utah | 11 | $ 2,615,000 | $ 237,727 | $ 188,000 |
| Clay, Missouri | 10 | $ 5,410,000 | $ 541,000 | $ 203,000 |
| Maricopa, Arizona | 8 | $ 2,660,000 | $ 332,500 | $ 143,000 |
| Cumberland, North Carolina | 8 | $ 740,000 | $ 92,500 | $ 159,000 |
| Summit, Utah | 8 | $ 7,410,000 | $ 926,250 | $ 194,000 |
| Sanpete, Utah | 7 | $ 1,215,000 | $ 173,571 | $ 120,000 |
| Bear Lake, Idaho | 6 | $ 1,840,000 | $ 306,666 | $ 109,000 |
| Oneida, Idaho | 6 | $ 1,240,000 | $ 206,666 | $ 61,000 |
| Baltimore City, Maryland | 6 | $ 860,000 | $ 143,333 | $ 369,000 |
| Duchesne, Utah | 6 | $ 930,000 | $ 155,000 | $ 106,000 |
| Garfield, Utah | 6 | $ 630,000 | $ 105,000 | $ 128,000 |
| Juab, Utah | 6 | $ 1,840,000 | $ 306,666 | $ 84,000 |
| Johnson, Indiana | 5 | $ 485,000 | $ 97,000 | $ 108,000 |
| Rowan, North Carolina | 5 | $ 875,000 | $ 175,000 | $ 85,000 |
| Dauphin, Pennsylvania | 5 | $ 435,000 | $ 87,000 | $ 101,000 |
| Riverside, California | 4 | $ 1,760,000 | $ 440,000 | $ 458,000 |
| Ada, Idaho | 4 | $ 1,300,000 | $ 325,000 | $ 88,000 |
| Franklin, Ohio | 4 | $ 280,000 | $ 70,000 | $ 113,000 |
| Shelby, Alabama | 3 | $ 345,000 | $ 115,000 | $ 125,000 |
| Los Angeles, California | 3 | $ 1,285,000 | $ 428,333 | $ 311,000 |
| Orange, California | 3 | $ 965,000 | $ 321,666 | $ 203,000 |
| Jefferson, Colorado | 3 | $ 805,000 | $ 268,333 | $ 114,000 |
| Orange, Florida | 3 | $ 665,000 | $ 221,666 | $ 159,000 |
| Bannock, Idaho | 3 | $ 355,000 | $ 118,333 | $ 48,000 |
| Jefferson, Idaho | 3 | $ 355,000 | $ 118,333 | $ 508,000 |
| St. Louis, Missouri | 3 | $ 265,000 | $ 88,333 | $ 97,000 |
| Cuyahoga, Ohio | 3 | $ 185,000 | $ 61,666 | $ 179,000 |
| Canadian, Oklahoma | 3 | $ 645,000 | $ 215,000 | $ 142,000 |
| Jackson, Oregon | 3 | $ 1,575,000 | $ 525,000 | $ 464,000 |
| Franklin, Pennsylvania | 3 | $ 365,000 | $ 121,666 | $ 386,000 |
| Carbon, Utah | 3 | $ 545,000 | $ 181,666 | $ 222,000 |
| San Diego, California | 2 | $ 920,000 | $ 460,000 | $ 187,000 |
| Shasta, California | 2 | $ 340,000 | $ 170,000 | $ 81,000 |
| Bingham, Idaho | 2 | $ 600,000 | $ 300,000 | $ 56,000 |
| Bonner, Idaho | 2 | $ 460,000 | $ 230,000 | $ 57,000 |
| Caribou, Idaho | 2 | $ 540,000 | $ 270,000 | $ 94,000 |
| Fremont, Idaho | 2 | $ 470,000 | $ 235,000 | $ 98,000 |
| Durham, North Carolina | 2 | $ 340,000 | $ 170,000 | $ 30,000 |
| Collin, Texas | 2 | $ 750,000 | $ 375,000 | $ 124,000 |
| Morgan, Utah | 2 | $ 640,000 | $ 320,000 | $ 67,000 |
| Sevier, Utah | 2 | $ 430,000 | $ 215,000 | $ 61,000 |
| Fremont, Wyoming | 2 | $ 490,000 | $ 245,000 | $ 73,000 |
| Lincoln, Wyoming | 2 | $ 710,000 | $ 355,000 | $ 153,000 |
| Madison, Alabama | 1 | $ 175,000 | $ 175,000 | $ 189,000 |
| Matanuska-Susitna, Alaska | 1 | $ 505,000 | $ 505,000 | $ 189,000 |
| Mohave, Arizona | 1 | $ 205,000 | $ 205,000 | $ 42,000 |
| Kern, California | 1 | $ 215,000 | $ 215,000 | $ 81,000 |
| Santa Cruz, California | 1 | $ 405,000 | $ 405,000 | $ 168,000 |
| Boulder, Colorado | 1 | $ 325,000 | $ 325,000 | $ 80,000 |
| Larimer, Colorado | 1 | $ 295,000 | $ 295,000 | $ 50,000 |
| Weld, Colorado | 1 | $ 375,000 | $ 375,000 | $ 100,000 |
| Lake, Florida | 1 | $ 115,000 | $ 115,000 | $ 184,000 |
| Sumter, Florida | 1 | $ 255,000 | $ 255,000 | $ 189,000 |
| Volusia, Florida | 1 | $ 265,000 | $ 265,000 | $ 100,000 |
| Houston, Georgia | 1 | $ 215,000 | $ 215,000 | $ 78,000 |
| Paulding, Georgia | 1 | $ 295,000 | $ 295,000 | $ 71,000 |
| Bonneville, Idaho | 1 | $ 135,000 | $ 135,000 | $ 76,000 |
| Idaho, Idaho | 1 | $ 295,000 | $ 295,000 | $ 269,000 |
| Lemhi, Idaho | 1 | $ 455,000 | $ 455,000 | $ 72,000 |
| Madison, Idaho | 1 | $ 2,865,000 | $ 2,865,000 | $ 0 |
| Power, Idaho | 1 | $ 135,000 | $ 135,000 | $ 65,000 |
| Teton, Idaho | 1 | $ 515,000 | $ 515,000 | $ 648,000 |
| Kendall, Illinois | 1 | $ 175,000 | $ 175,000 | $ 126,000 |
| Madison, Indiana | 1 | $ 95,000 | $ 95,000 | $ 186,000 |
| Randolph, Indiana | 1 | $ 95,000 | $ 95,000 | $ 131,000 |
| Vanderburgh, Indiana | 1 | $ 95,000 | $ 95,000 | $ 306,000 |
| Polk, Iowa | 1 | $ 185,000 | $ 185,000 | $ 58,000 |
| Livingston, Michigan | 1 | $ 275,000 | $ 275,000 | $ 51,000 |
| Cass, Missouri | 1 | $ 255,000 | $ 255,000 | $ 56,000 |
| Jackson, Missouri | 1 | $ 425,000 | $ 425,000 | $ 154,000 |
| Platte, Missouri | 1 | $ 85,000 | $ 85,000 | $ 274,000 |
| St. Louis City, Missouri | 1 | $ 135,000 | $ 135,000 | $ 224,000 |
| Missoula, Montana | 1 | $ 605,000 | $ 605,000 | $ 1,040,000 |
| Yellowstone, Montana | 1 | $ 345,000 | $ 345,000 | $ 142,000 |
| Curry, New Mexico | 1 | $ 185,000 | $ 185,000 | $ 65,000 |
| Sandoval, New Mexico | 1 | $ 375,000 | $ 375,000 | $ 131,000 |
| Summit, Ohio | 1 | $ 185,000 | $ 185,000 | $ 344,000 |
| Trumbull, Ohio | 1 | $ 55,000 | $ 55,000 | $ 225,000 |
| Warren, Ohio | 1 | $ 135,000 | $ 135,000 | $ 116,000 |
| Cleveland, Oklahoma | 1 | $ 155,000 | $ 155,000 | $ 141,000 |
| Marion, Oregon | 1 | $ 285,000 | $ 285,000 | $ 79,000 |
| Northampton, Pennsylvania | 1 | $ 495,000 | $ 495,000 | $ 148,000 |
| Richland, South Carolina | 1 | $ 65,000 | $ 65,000 | $ 23,000 |
| Claiborne, Tennessee | 1 | $ 275,000 | $ 275,000 | $ 65,000 |
| Bexar, Texas | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Grayson, Texas | 1 | $ 475,000 | $ 475,000 | $ 534,000 |
| Travis, Texas | 1 | $ 205,000 | $ 205,000 | $ 98,000 |
| Williamson, Texas | 1 | $ 325,000 | $ 325,000 | $ 76,000 |
| Daggett, Utah | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Grand, Utah | 1 | $ 355,000 | $ 355,000 | $ 143,000 |
| Millard, Utah | 1 | $ 285,000 | $ 285,000 | $ 77,000 |
| Uintah, Utah | 1 | $ 225,000 | $ 225,000 | $ 47,000 |
| Benton, Washington | 1 | $ 475,000 | $ 475,000 | $ 162,000 |
| Clark, Washington | 1 | $ 325,000 | $ 325,000 | $ 67,000 |
| Skagit, Washington | 1 | $ 385,000 | $ 385,000 | $ 75,000 |
| Snohomish, Washington | 1 | $ 695,000 | $ 695,000 | $ 653,000 |
| Spokane, Washington | 1 | $ 315,000 | $ 315,000 | $ 73,000 |
| Whatcom, Washington | 1 | $ 385,000 | $ 385,000 | $ 75,000 |
| Milwaukee, Wisconsin | 1 | $ 255,000 | $ 255,000 | $ 156,000 |
| Laramie, Wyoming | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Natrona, Wyoming | 1 | $ 215,000 | $ 215,000 | $ 77,000 |
Mortgage Loan Application Detail Totals for Altabank in 2020
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 | 807 | $249,205,000 | $308,000 | $3,435,000 | $153,000 | $1,986,000 |
| Refinancing | 683 | $196,735,000 | $288,000 | $5,005,000 | $141,000 | $1,688,000 |
| Cash-out Refinancing | 361 | $94,055,000 | $260,000 | $1,325,000 | $125,000 | $1,273,000 |
| Other Purpose | 27 | $8,305,000 | $307,000 | $1,005,000 | $240,000 | $1,395,000 |
| Home Improvement | 7 | $795,000 | $113,000 | $215,000 | $84,000 | $123,000 |
| 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 | 1,582 | $441,860,000 | $279,000 | $2,995,000 | $144,000 | $1,986,000 |
| Not Provided | 172 | $40,720,000 | $236,000 | $695,000 | $165,000 | $653,000 |
| Hispanic | 63 | $15,485,000 | $245,000 | $515,000 | $111,000 | $383,000 |
| Not applicable | 37 | $42,535,000 | $1,149,000 | $5,005,000 | $0 | $0 |
| Asian | 23 | $5,775,000 | $251,000 | $985,000 | $132,000 | $648,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,370,000 | $342,000 | $605,000 | $90,000 | $157,000 |
| Black or African American | 3 | $1,205,000 | $401,000 | $485,000 | $172,000 | $317,000 |
| American Indian or Alaskan Native | 1 | $145,000 | $145,000 | $145,000 | $178,000 | $178,000 |
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) | 1,787 | $521,075,000 | $291,000 | $5,005,000 | $148,000 | $1,986,000 |
| VA-guaranteed (Veterans Administration) | 50 | $15,110,000 | $302,000 | $705,000 | $82,000 | $148,000 |
| FHA-insured (Federal Housing Administration) | 34 | $8,890,000 | $261,000 | $415,000 | $74,000 | $227,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 14 | $4,020,000 | $287,000 | $375,000 | $68,000 | $85,000 |
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 | 1,340 | $386,600,000 | $288,000 | $5,005,000 | $142,000 | $1,688,000 |
| Application Withdrawn By Applicant | 464 | $140,520,000 | $302,000 | $2,995,000 | $154,000 | $1,374,000 |
| File Closed For Incompleteness | 37 | $11,425,000 | $308,000 | $1,275,000 | $189,000 | $1,986,000 |
| Application Denied By Financial Institution | 28 | $7,370,000 | $263,000 | $565,000 | $71,000 | $224,000 |
| Application Approved But Not Accepted | 12 | $2,580,000 | $215,000 | $505,000 | $119,000 | $340,000 |
| Loan Purchased By The Institution | 4 | $600,000 | $150,000 | $185,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,857 | $541,725,000 | $291,000 | $5,005,000 | $146,000 | $1,986,000 |
| Debt-To-Income Ratio | 20 | $5,430,000 | $271,000 | $505,000 | $49,000 | $212,000 |
| Other | 8 | $1,940,000 | $242,000 | $565,000 | $122,000 | $224,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Altabank's 2020 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 Altabank'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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