Busey Bank Mortgage Lending & HMDA Data, 2018

In 2018, Busey Bank of Champaign, IL reported 6,098 mortgage applications totaling $1.2 billion, down 43% from 2017. The average application was for $198,135, and applicants reported an average income of $118,079. 70% of its applications resulted in an originated loan and 9% were denied. Its largest markets were St. Louis, MO-IL (1,408), Champaign-Urbana, IL (1,142) and Chicago-Naperville-Arlington Heights, IL (881) (applications in parentheses).

Mortgage Company & Address Busey Bank
100 W University Ave
Champaign, IL 61820
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  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 6,098
Total Mortgage Loan Application Amount $1,208,230,000
Average Mortgage Loan Application Amount $198,135
Highest Mortgage Loan Application Amount $15,005,000
Average Applicant Income $118,079
Highest Applicant Income $2,583,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Busey Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Busey Bank by Metropolitan Area in 2018

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 1,408 $ 390,140,000 $ 277,088 $ 118,891
Champaign-Urbana, IL 1,142 $ 166,130,000 $ 145,472 $ 120,000
Chicago-Naperville-Arlington Heights, IL 881 $ 224,055,000 $ 254,318 $ 140,000
Bloomington, IL 483 $ 74,345,000 $ 153,923 $ 99,000
Peoria, IL 463 $ 40,275,000 $ 86,987 $ 93,000
Outside any metro area 247 $ 56,085,000 $ 227,064 $ 134,659
Decatur, IL 190 $ 14,520,000 $ 76,421 $ 79,000
Cape Coral-Fort Myers, FL 155 $ 34,015,000 $ 219,451 $ 184,000
Indianapolis-Carmel-Anderson, IN 148 $ 44,010,000 $ 297,364 $ 144,000
Elgin, IL 141 $ 26,495,000 $ 187,907 $ 89,000
Phoenix-Mesa-Scottsdale, AZ 55 $ 10,135,000 $ 184,272 $ 213,000
Portland-Vancouver-Hillsboro, OR-WA 36 $ 3,390,000 $ 94,166 $ 0
Kansas City, MO-KS 27 $ 4,225,000 $ 156,481 $ 113,666
Punta Gorda, FL 27 $ 4,195,000 $ 155,370 $ 120,000
Seattle-Bellevue-Everett, WA 26 $ 3,170,000 $ 121,923 $ 0
Los Angeles-Long Beach-Glendale, CA 25 $ 4,095,000 $ 163,800 $ 147,000
Oakland-Hayward-Berkeley, CA 24 $ 2,450,000 $ 102,083 $ 0
Atlanta-Sandy Springs-Roswell, GA 23 $ 3,385,000 $ 147,173 $ 113,000
Danville, IL 22 $ 1,750,000 $ 79,545 $ 93,000
Miami-Miami Beach-Kendall, FL 22 $ 1,800,000 $ 81,818 $ 0
Denver-Aurora-Lakewood, CO 20 $ 2,900,000 $ 145,000 $ 118,000
Cambridge-Newton-Framingham, MA 17 $ 1,315,000 $ 77,352 $ 0
North Port-Sarasota-Bradenton, FL 17 $ 2,525,000 $ 148,529 $ 106,000
Gary, IN 16 $ 3,450,000 $ 215,625 $ 61,000
Riverside-San Bernardino-Ontario, CA 15 $ 2,445,000 $ 163,000 $ 136,000
Las Vegas-Henderson-Paradise, NV 14 $ 1,880,000 $ 134,285 $ 101,000
Warren-Troy-Farmington Hills, MI 14 $ 2,330,000 $ 166,428 $ 173,000
Lake County-Kenosha County, IL-WI 13 $ 2,245,000 $ 172,692 $ 123,846
Tampa-St. Petersburg-Clearwater, FL 13 $ 3,325,000 $ 255,769 $ 273,000
Kankakee, IL 12 $ 2,020,000 $ 168,333 $ 80,000
New York-Jersey City-White Plains, NY-NJ 12 $ 1,120,000 $ 93,333 $ 0
Omaha-Council Bluffs, NE-IA 12 $ 2,930,000 $ 244,166 $ 123,000
Anaheim-Santa Ana-Irvine, CA 11 $ 1,215,000 $ 110,454 $ 112,000
Boston, MA 11 $ 755,000 $ 68,636 $ 0
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 11 $ 1,775,000 $ 161,363 $ 198,000
Montgomery County-Bucks County-Chester County, PA 11 $ 1,745,000 $ 158,636 $ 213,000
Naples-Immokalee-Marco Island, FL 11 $ 8,085,000 $ 735,000 $ 400,000
Orlando-Kissimmee-Sanford, FL 11 $ 1,455,000 $ 132,272 $ 77,000
San Diego-Carlsbad, CA 11 $ 1,765,000 $ 160,454 $ 226,000
West Palm Beach-Boca Raton-Delray Beach, FL 11 $ 1,625,000 $ 147,727 $ 365,000
San Jose-Sunnyvale-Santa Clara, CA 10 $ 1,210,000 $ 121,000 $ 0
Newark, NJ-PA 9 $ 1,285,000 $ 142,777 $ 244,000
Bridgeport-Stamford-Norwalk, CT 7 $ 725,000 $ 103,571 $ 0
Jacksonville, FL 7 $ 1,105,000 $ 157,857 $ 332,000
Provo-Orem, UT 7 $ 605,000 $ 86,428 $ 0
Sacramento--Roseville--Arden-Arcade, CA 7 $ 1,185,000 $ 169,285 $ 181,000
Springfield, IL 7 $ 835,000 $ 119,285 $ 78,000
Wichita, KS 7 $ 2,605,000 $ 372,142 $ 187,000
Lincoln, NE 6 $ 810,000 $ 135,000 $ 53,000
Philadelphia, PA 6 $ 650,000 $ 108,333 $ 129,000
San Francisco-Redwood City-South San Francisco, CA 6 $ 730,000 $ 121,666 $ 0
Minneapolis-St. Paul-Bloomington, MN-WI 5 $ 1,095,000 $ 219,000 $ 167,000
Nassau County-Suffolk County, NY 5 $ 795,000 $ 159,000 $ 0
New Haven-Milford, CT 5 $ 445,000 $ 89,000 $ 0
Salt Lake City, UT 5 $ 645,000 $ 129,000 $ 115,000
Santa Rosa, CA 5 $ 855,000 $ 171,000 $ 0
St. George, UT 5 $ 515,000 $ 103,000 $ 0
Vallejo-Fairfield, CA 5 $ 385,000 $ 77,000 $ 0
Bloomington, IN 4 $ 3,240,000 $ 810,000 $ 266,000
Cincinnati, OH-KY-IN 4 $ 1,120,000 $ 280,000 $ 198,000
Hartford-West Hartford-East Hartford, CT 4 $ 330,000 $ 82,500 $ 0
Niles-Benton Harbor, MI 4 $ 3,030,000 $ 757,500 $ 276,000
Pittsburgh, PA 4 $ 360,000 $ 90,000 $ 0
Providence-Warwick, RI-MA 4 $ 300,000 $ 75,000 $ 0
Reno, NV 4 $ 330,000 $ 82,500 $ 0
Stockton-Lodi, CA 4 $ 650,000 $ 162,500 $ 122,000
Worcester, MA-CT 4 $ 270,000 $ 67,500 $ 0
Boise City, ID 3 $ 175,000 $ 58,333 $ 0
Boulder, CO 3 $ 535,000 $ 178,333 $ 0
Bremerton-Silverdale, WA 3 $ 255,000 $ 85,000 $ 0
Charlotte-Concord-Gastonia, NC-SC 3 $ 515,000 $ 171,666 $ 224,000
Dallas-Plano-Irving, TX 3 $ 975,000 $ 325,000 $ 127,000
Greenville-Anderson-Mauldin, SC 3 $ 455,000 $ 151,666 $ 90,000
Ogden-Clearfield, UT 3 $ 245,000 $ 81,666 $ 0
Oxnard-Thousand Oaks-Ventura, CA 3 $ 545,000 $ 181,666 $ 103,000
Palm Bay-Melbourne-Titusville, FL 3 $ 715,000 $ 238,333 $ 196,000
Salisbury, MD-DE 3 $ 495,000 $ 165,000 $ 58,000
San Rafael, CA 3 $ 635,000 $ 211,666 $ 0
Silver Spring-Frederick-Rockville, MD 3 $ 1,185,000 $ 395,000 $ 142,000
Tucson, AZ 3 $ 485,000 $ 161,666 $ 81,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 3 $ 495,000 $ 165,000 $ 0
Albuquerque, NM 2 $ 140,000 $ 70,000 $ 0
Appleton, WI 2 $ 350,000 $ 175,000 $ 57,000
Asheville, NC 2 $ 220,000 $ 110,000 $ 75,000
Baltimore-Columbia-Towson, MD 2 $ 280,000 $ 140,000 $ 0
Bend-Redmond, OR 2 $ 190,000 $ 95,000 $ 0
Davenport-Moline-Rock Island, IA-IL 2 $ 2,460,000 $ 1,230,000 $ 105,000
Detroit-Dearborn-Livonia, MI 2 $ 350,000 $ 175,000 $ 55,000
Gainesville, FL 2 $ 410,000 $ 205,000 $ 121,000
Greeley, CO 2 $ 130,000 $ 65,000 $ 0
Houston-The Woodlands-Sugar Land, TX 2 $ 490,000 $ 245,000 $ 145,000
Kalamazoo-Portage, MI 2 $ 240,000 $ 120,000 $ 187,000
Kennewick-Richland, WA 2 $ 110,000 $ 55,000 $ 0
Knoxville, TN 2 $ 450,000 $ 225,000 $ 77,000
Louisville/Jefferson County, KY-IN 2 $ 400,000 $ 200,000 $ 117,000
Memphis, TN-MS-AR 2 $ 400,000 $ 200,000 $ 110,000
Milwaukee-Waukesha-West Allis, WI 2 $ 210,000 $ 105,000 $ 41,000
Muncie, IN 2 $ 110,000 $ 55,000 $ 0
Oklahoma City, OK 2 $ 480,000 $ 240,000 $ 112,000
Richmond, VA 2 $ 170,000 $ 85,000 $ 0
Rockford, IL 2 $ 410,000 $ 205,000 $ 123,000
Salem, OR 2 $ 340,000 $ 170,000 $ 0
San Antonio-New Braunfels, TX 2 $ 450,000 $ 225,000 $ 157,000
Santa Fe, NM 2 $ 520,000 $ 260,000 $ 81,000
Springfield, MO 2 $ 300,000 $ 150,000 $ 83,000
Tacoma-Lakewood, WA 2 $ 150,000 $ 75,000 $ 0
The Villages, FL 2 $ 460,000 $ 230,000 $ 90,000
Wilmington, DE-MD-NJ 2 $ 140,000 $ 70,000 $ 0
Amarillo, TX 1 $ 205,000 $ 205,000 $ 137,000
Austin-Round Rock, TX 1 $ 755,000 $ 755,000 $ 270,000
Charleston-North Charleston, SC 1 $ 95,000 $ 95,000 $ 0
Chattanooga, TN-GA 1 $ 355,000 $ 355,000 $ 159,000
Chico, CA 1 $ 55,000 $ 55,000 $ 0
Colorado Springs, CO 1 $ 375,000 $ 375,000 $ 100,000
Columbia, MO 1 $ 215,000 $ 215,000 $ 100,000
Columbus, IN 1 $ 355,000 $ 355,000 $ 70,000
Corvallis, OR 1 $ 85,000 $ 85,000 $ 0
Crestview-Fort Walton Beach-Destin, FL 1 $ 215,000 $ 215,000 $ 0
Daphne-Fairhope-Foley, AL 1 $ 115,000 $ 115,000 $ 130,000
Eugene, OR 1 $ 55,000 $ 55,000 $ 0
Flagstaff, AZ 1 $ 95,000 $ 95,000 $ 0
Fort Collins, CO 1 $ 85,000 $ 85,000 $ 0
Fort Wayne, IN 1 $ 45,000 $ 45,000 $ 25,000
Fresno, CA 1 $ 105,000 $ 105,000 $ 0
Homosassa Springs, FL 1 $ 295,000 $ 295,000 $ 171,000
Kokomo, IN 1 $ 245,000 $ 245,000 $ 45,000
Lake Havasu City-Kingman, AZ 1 $ 105,000 $ 105,000 $ 73,000
Lawrence, KS 1 $ 455,000 $ 455,000 $ 157,000
Logan, UT-ID 1 $ 205,000 $ 205,000 $ 0
Madison, WI 1 $ 175,000 $ 175,000 $ 72,000
Manchester-Nashua, NH 1 $ 75,000 $ 75,000 $ 0
Michigan City-La Porte, IN 1 $ 525,000 $ 525,000 $ 389,000
Modesto, CA 1 $ 175,000 $ 175,000 $ 0
Mount Vernon-Anacortes, WA 1 $ 265,000 $ 265,000 $ 45,000
Muskegon, MI 1 $ 355,000 $ 355,000 $ 0
Nashville-Davidson--Murfreesboro--Franklin, TN 1 $ 205,000 $ 205,000 $ 68,000
Olympia-Tumwater, WA 1 $ 205,000 $ 205,000 $ 0
Panama City, FL 1 $ 105,000 $ 105,000 $ 0
Pensacola-Ferry Pass-Brent, FL 1 $ 135,000 $ 135,000 $ 136,000
Port St. Lucie, FL 1 $ 145,000 $ 145,000 $ 0
Prescott, AZ 1 $ 55,000 $ 55,000 $ 0
Raleigh, NC 1 $ 135,000 $ 135,000 $ 0
Rockingham County-Strafford County, NH 1 $ 205,000 $ 205,000 $ 0
Santa Cruz-Watsonville, CA 1 $ 135,000 $ 135,000 $ 0
Santa Maria-Santa Barbara, CA 1 $ 75,000 $ 75,000 $ 0
Sebastian-Vero Beach, FL 1 $ 145,000 $ 145,000 $ 0
Spokane-Spokane Valley, WA 1 $ 145,000 $ 145,000 $ 0
Springfield, MA 1 $ 255,000 $ 255,000 $ 0
St. Joseph, MO-KS 1 $ 265,000 $ 265,000 $ 200,000
Trenton, NJ 1 $ 85,000 $ 85,000 $ 0
Virginia Beach-Norfolk-Newport News, VA-NC 1 $ 45,000 $ 45,000 $ 0
Wenatchee, WA 1 $ 55,000 $ 55,000 $ 0

Mortgage Loan Application Detail Totals for Busey Bank in 2018

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 3,331 $752,275,000 $225,000 $11,125,000 $116,000 $2,583,000
Refinancing 1,017 $256,235,000 $251,000 $15,005,000 $148,000 $2,111,000
Other Purpose 510 $42,590,000 $83,000 $1,125,000 $118,000 $1,837,000
Cash-out Refinancing 507 $101,215,000 $199,000 $2,005,000 $110,000 $950,000
Home Improvement 455 $28,285,000 $62,000 $2,005,000 $111,000 $1,363,000
Not Applicable 278 $27,630,000 $99,000 $355,000 $60,000 $85,000

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 4,359 $776,395,000 $178,000 $5,405,000 $118,000 $2,111,000
Not applicable 771 $256,315,000 $332,000 $15,005,000 $50,000 $56,000
Black or African American 296 $47,190,000 $159,000 $695,000 $93,000 $720,000
Not Provided 285 $40,565,000 $142,000 $1,205,000 $155,000 $2,583,000
Asian 214 $52,810,000 $246,000 $1,505,000 $158,000 $1,493,000
Hispanic 146 $27,120,000 $185,000 $755,000 $89,000 $302,000
American Indian or Alaskan Native 13 $2,125,000 $163,000 $595,000 $120,000 $632,000
Native Hawaiian or Other Pacific Islander 2 $510,000 $255,000 $345,000 $114,000 $180,000

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) 5,410 $1,082,890,000 $200,000 $15,005,000 $128,000 $2,583,000
FHA-insured (Federal Housing Administration) 433 $76,295,000 $176,000 $435,000 $67,000 $189,000
VA-guaranteed (Veterans Administration) 170 $39,030,000 $229,000 $615,000 $86,000 $258,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 85 $10,015,000 $117,000 $245,000 $48,000 $124,000

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 4,252 $921,180,000 $216,000 $15,005,000 $126,000 $2,583,000
Application Withdrawn By Applicant 676 $148,660,000 $219,000 $5,205,000 $116,000 $1,932,000
Loan Purchased By The Institution 536 $54,570,000 $101,000 $355,000 $60,000 $85,000
Application Denied By Financial Institution 524 $63,470,000 $121,000 $1,785,000 $80,000 $767,000
File Closed For Incompleteness 57 $13,665,000 $239,000 $1,055,000 $151,000 $1,161,000
Application Approved But Not Accepted 53 $6,685,000 $126,000 $905,000 $120,000 $807,000
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 5,574 $1,144,760,000 $205,000 $15,005,000 $124,000 $2,583,000
Credit History 206 $17,410,000 $84,000 $675,000 $81,000 $651,000
Debt-To-Income Ratio 184 $29,020,000 $157,000 $1,785,000 $68,000 $650,000
Collateral 72 $9,340,000 $129,000 $625,000 $115,000 $767,000
Other 36 $4,270,000 $118,000 $665,000 $78,000 $258,000
Employment History 14 $1,550,000 $110,000 $405,000 $48,000 $111,000
Insufficient Cash (Downpayment, Closing Cost) 6 $1,210,000 $201,000 $425,000 $80,000 $114,000
Unverifiable Information 6 $670,000 $111,000 $205,000 $75,000 $116,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Busey Bank's 2018 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 Busey 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.
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