Bankfinancial FSB Mortgage Lending & HMDA Data, 2014
In 2014, Bankfinancial FSB of Olympia Fields, IL reported 460 mortgage applications totaling $235.5 million, down 10% from 2013. The average application was for $511,936, and applicants reported an average income of $52,793. 55% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (325), Lake County-Kenosha County, IL-WI (25) and Dallas-Plano-Irving, TX (19) (applications in parentheses).
| Mortgage Company & Address | Bankfinancial FSB 21110 S. Western Ave. Olympia Fields, IL 60461 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 460 |
| Total Mortgage Loan Application Amount | $235,491,000 |
| Average Mortgage Loan Application Amount | $511,936 |
| Highest Mortgage Loan Application Amount | $5,230,000 |
| Average Applicant Income | $52,793 |
| Highest Applicant Income | $2,033,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bankfinancial FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Bankfinancial FSB in 2014
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 | 279 | $171,130,000 | $613,000 | $5,230,000 | $54,000 | $2,033,000 |
| Home Purchase | 133 | $61,701,000 | $463,000 | $2,695,000 | $39,000 | $355,000 |
| Home Improvement | 48 | $2,660,000 | $55,000 | $250,000 | $84,000 | $178,000 |
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 | 174 | $52,341,000 | $300,000 | $5,230,000 | $91,000 | $2,033,000 |
| Not applicable | 150 | $147,540,000 | $983,000 | $4,215,000 | $0 | $144,000 |
| Black or African American | 55 | $7,987,000 | $145,000 | $1,265,000 | $65,000 | $258,000 |
| Not Provided | 44 | $13,927,000 | $316,000 | $3,400,000 | $61,000 | $320,000 |
| Asian | 19 | $7,720,000 | $406,000 | $1,500,000 | $71,000 | $231,000 |
| Hispanic | 16 | $5,603,000 | $350,000 | $1,700,000 | $48,000 | $186,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $373,000 | $186,000 | $263,000 | $72,000 | $83,000 |
| 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) | 460 | $235,491,000 | $511,000 | $5,230,000 | $53,000 | $2,033,000 |
| 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 | 251 | $143,734,000 | $572,000 | $4,215,000 | $51,000 | $880,000 |
| Application Denied By Financial Institution | 113 | $52,104,000 | $461,000 | $2,730,000 | $29,000 | $231,000 |
| Application Withdrawn By Applicant | 38 | $20,881,000 | $549,000 | $3,400,000 | $114,000 | $2,033,000 |
| Preapproval Denied by Financial Institution | 37 | $4,222,000 | $114,000 | $350,000 | $64,000 | $355,000 |
| File Closed For Incompleteness | 11 | $8,850,000 | $804,000 | $5,230,000 | $129,000 | $591,000 |
| Application Approved But Not Accepted | 9 | $5,450,000 | $605,000 | $1,310,000 | $17,000 | $122,000 |
| Preapproval Approved but not Accepted | 1 | $250,000 | $250,000 | $250,000 | $140,000 | $140,000 |
| Loan Purchased By The 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 | 45 | $11,525,000 | $256,000 | $2,100,000 | $38,000 | $146,000 |
| Credit History | 37 | $8,071,000 | $218,000 | $1,485,000 | $46,000 | $160,000 |
| Other | 36 | $25,759,000 | $715,000 | $2,730,000 | $24,000 | $355,000 |
| Collateral | 21 | $7,665,000 | $365,000 | $2,200,000 | $56,000 | $178,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $2,651,000 | $331,000 | $675,000 | $5,000 | $42,000 |
| Employment History | 3 | $655,000 | $218,000 | $330,000 | $36,000 | $66,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bankfinancial FSB's 2014 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 Bankfinancial FSB'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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