Busey Bank Mortgage Lending & HMDA Data, 2021
In 2021, Busey Bank of Champaign, IL reported 5,599 mortgage applications totaling $1.5 billion, down 36% from 2020. The average application was for $276,512, and applicants reported an average income of $142,542. 79% of its applications resulted in an originated loan and 8% were denied. Its largest markets were St. Louis, MO-IL (1,478), Champaign-Urbana, IL (1,166) and Chicago-Naperville, IL (698) (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 | 5,599 |
| Total Mortgage Loan Application Amount | $1,548,195,000 |
| Average Mortgage Loan Application Amount | $276,512 |
| Highest Mortgage Loan Application Amount | $31,605,000 |
| Average Applicant Income | $142,542 |
| Highest Applicant Income | $8,282,000 |
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Act (HMDA) records Busey Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 1,478 | $ 360,850,000 | $ 244,147 | $ 138,847 |
| Champaign-Urbana, IL | 1,166 | $ 355,390,000 | $ 304,794 | $ 119,000 |
| Chicago-Naperville, IL | 698 | $ 244,330,000 | $ 350,042 | $ 211,000 |
| Peoria, IL | 572 | $ 71,530,000 | $ 125,052 | $ 115,000 |
| Bloomington, IL | 353 | $ 60,525,000 | $ 171,458 | $ 111,000 |
| Decatur, IL | 282 | $ 22,980,000 | $ 81,489 | $ 69,000 |
| Outside any metro area | 281 | $ 73,755,000 | $ 262,473 | $ 167,921 |
| Cape Coral-Fort Myers, FL | 243 | $ 100,445,000 | $ 413,353 | $ 219,000 |
| Indianapolis-Carmel-Anderson, IN | 164 | $ 41,860,000 | $ 255,243 | $ 137,000 |
| Elgin, IL | 46 | $ 10,000,000 | $ 217,391 | $ 161,000 |
| North Port-Sarasota-Bradenton, FL | 45 | $ 27,765,000 | $ 617,000 | $ 132,000 |
| Danville, IL | 33 | $ 3,045,000 | $ 92,272 | $ 78,000 |
| Punta Gorda, FL | 31 | $ 8,455,000 | $ 272,741 | $ 88,000 |
| Lake County-Kenosha County, IL-WI | 24 | $ 5,560,000 | $ 231,666 | $ 285,000 |
| Naples-Immokalee-Marco Island, FL | 24 | $ 12,550,000 | $ 522,916 | $ 350,000 |
| Kankakee, IL | 12 | $ 2,350,000 | $ 195,833 | $ 103,000 |
| Kansas City, MO-KS | 10 | $ 2,980,000 | $ 298,000 | $ 199,200 |
| Bloomington, IN | 7 | $ 36,705,000 | $ 5,243,571 | $ 484,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 7 | $ 9,185,000 | $ 1,312,142 | $ 288,000 |
| Phoenix-Mesa-Scottsdale, AZ | 7 | $ 5,055,000 | $ 722,142 | $ 402,000 |
| Denver-Aurora-Lakewood, CO | 5 | $ 1,815,000 | $ 363,000 | $ 82,000 |
| Atlanta-Sandy Springs-Roswell, GA | 4 | $ 1,210,000 | $ 302,500 | $ 232,000 |
| Lafayette-West Lafayette, IN | 4 | $ 8,030,000 | $ 2,007,500 | $ 252,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 4 | $ 3,220,000 | $ 805,000 | $ 517,000 |
| Niles-Benton Harbor, MI | 4 | $ 1,260,000 | $ 315,000 | $ 215,000 |
| Omaha-Council Bluffs, NE-IA | 4 | $ 1,850,000 | $ 462,500 | $ 307,000 |
| Palm Bay-Melbourne-Titusville, FL | 4 | $ 550,000 | $ 137,500 | $ 104,000 |
| Springfield, IL | 4 | $ 690,000 | $ 172,500 | $ 139,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 1,900,000 | $ 475,000 | $ 166,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 1,410,000 | $ 352,500 | $ 413,000 |
| Brunswick, GA | 3 | $ 885,000 | $ 295,000 | $ 166,000 |
| Carbondale-Marion, IL | 3 | $ 745,000 | $ 248,333 | $ 316,000 |
| Gary, IN | 3 | $ 595,000 | $ 198,333 | $ 79,000 |
| Houston-The Woodlands-Sugar Land, TX | 3 | $ 2,735,000 | $ 911,666 | $ 893,000 |
| Las Vegas-Henderson-Paradise, NV | 3 | $ 765,000 | $ 255,000 | $ 141,000 |
| Port St. Lucie, FL | 3 | $ 1,055,000 | $ 351,666 | $ 416,000 |
| Chattanooga, TN-GA | 2 | $ 380,000 | $ 190,000 | $ 36,000 |
| Columbia, MO | 2 | $ 2,350,000 | $ 1,175,000 | $ 40,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 2,750,000 | $ 1,375,000 | $ 406,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 720,000 | $ 360,000 | $ 39,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 2 | $ 300,000 | $ 150,000 | $ 180,000 |
| Knoxville, TN | 2 | $ 590,000 | $ 295,000 | $ 117,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 3,810,000 | $ 1,905,000 | $ 2,573,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 8,250,000 | $ 4,125,000 | $ 90,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 1,600,000 | $ 800,000 | $ 261,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 1,400,000 | $ 700,000 | $ 671,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 400,000 | $ 200,000 | $ 90,000 |
| Tucson, AZ | 2 | $ 690,000 | $ 345,000 | $ 98,000 |
| Appleton, WI | 1 | $ 285,000 | $ 285,000 | $ 105,000 |
| Birmingham-Hoover, AL | 1 | $ 245,000 | $ 245,000 | $ 104,000 |
| Boulder, CO | 1 | $ 385,000 | $ 385,000 | $ 133,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 405,000 | $ 405,000 | $ 274,000 |
| Charleston-North Charleston, SC | 1 | $ 425,000 | $ 425,000 | $ 142,000 |
| Clarksville, TN-KY | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Colorado Springs, CO | 1 | $ 365,000 | $ 365,000 | $ 74,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 165,000 | $ 165,000 | $ 123,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 755,000 | $ 755,000 | $ 0 |
| Des Moines-West Des Moines, IA | 1 | $ 25,000 | $ 25,000 | $ 0 |
| Flagstaff, AZ | 1 | $ 195,000 | $ 195,000 | $ 74,000 |
| Fort Wayne, IN | 1 | $ 105,000 | $ 105,000 | $ 74,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 24,175,000 | $ 24,175,000 | $ 0 |
| Jonesboro, AR | 1 | $ 175,000 | $ 175,000 | $ 65,000 |
| Kokomo, IN | 1 | $ 95,000 | $ 95,000 | $ 56,000 |
| Lakeland-Winter Haven, FL | 1 | $ 295,000 | $ 295,000 | $ 142,000 |
| Lansing-East Lansing, MI | 1 | $ 4,345,000 | $ 4,345,000 | $ 0 |
| Memphis, TN-MS-AR | 1 | $ 3,175,000 | $ 3,175,000 | $ 0 |
| New Orleans-Metairie, LA | 1 | $ 545,000 | $ 545,000 | $ 196,000 |
| Ocala, FL | 1 | $ 295,000 | $ 295,000 | $ 103,000 |
| Oklahoma City, OK | 1 | $ 185,000 | $ 185,000 | $ 46,000 |
| Panama City, FL | 1 | $ 165,000 | $ 165,000 | $ 229,000 |
| Parkersburg-Vienna, WV | 1 | $ 235,000 | $ 235,000 | $ 65,000 |
| Pittsburgh, PA | 1 | $ 295,000 | $ 295,000 | $ 160,000 |
| Rockford, IL | 1 | $ 195,000 | $ 195,000 | $ 114,000 |
| Rockingham County-Strafford County, NH | 1 | $ 765,000 | $ 765,000 | $ 507,000 |
| San Diego-Carlsbad, CA | 1 | $ 615,000 | $ 615,000 | $ 240,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 915,000 | $ 915,000 | $ 420,000 |
| Sebastian-Vero Beach, FL | 1 | $ 45,000 | $ 45,000 | $ 32,000 |
| Sebring, FL | 1 | $ 215,000 | $ 215,000 | $ 84,000 |
| Tulsa, OK | 1 | $ 185,000 | $ 185,000 | $ 187,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 55,000 | $ 55,000 | $ 190,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 355,000 | $ 355,000 | $ 255,000 |
Mortgage Loan Application Detail Totals for Busey Bank in 2021
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 | 2,127 | $680,665,000 | $320,000 | $29,005,000 | $143,000 | $2,984,000 |
| Home Purchase | 1,836 | $598,840,000 | $326,000 | $31,605,000 | $128,000 | $6,385,000 |
| Cash-out Refinancing | 808 | $183,290,000 | $226,000 | $4,005,000 | $165,000 | $8,282,000 |
| Other Purpose | 665 | $69,265,000 | $104,000 | $1,125,000 | $158,000 | $3,125,000 |
| Home Improvement | 163 | $16,135,000 | $98,000 | $3,175,000 | $126,000 | $1,179,000 |
| 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 | 3,867 | $764,415,000 | $197,000 | $29,005,000 | $144,000 | $5,106,000 |
| Not Provided | 695 | $176,515,000 | $253,000 | $20,005,000 | $192,000 | $8,282,000 |
| Hispanic | 333 | $53,045,000 | $159,000 | $2,065,000 | $67,000 | $1,066,000 |
| Not applicable | 275 | $489,825,000 | $1,781,000 | $31,605,000 | $0 | $0 |
| Black or African American | 249 | $28,285,000 | $113,000 | $455,000 | $80,000 | $467,000 |
| Asian | 157 | $32,325,000 | $205,000 | $1,485,000 | $162,000 | $1,804,000 |
| American Indian or Alaskan Native | 3 | $305,000 | $101,000 | $165,000 | $59,000 | $75,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $75,000 | $75,000 | $75,000 | $43,000 | $43,000 |
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) | 5,349 | $1,514,655,000 | $283,000 | $31,605,000 | $147,000 | $8,282,000 |
| FHA-insured (Federal Housing Administration) | 185 | $22,595,000 | $122,000 | $345,000 | $54,000 | $180,000 |
| VA-guaranteed (Veterans Administration) | 38 | $7,960,000 | $209,000 | $505,000 | $89,000 | $314,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 27 | $2,985,000 | $110,000 | $175,000 | $49,000 | $90,000 |
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 | 4,448 | $1,318,260,000 | $296,000 | $31,605,000 | $145,000 | $8,282,000 |
| Application Withdrawn By Applicant | 514 | $135,830,000 | $264,000 | $20,005,000 | $166,000 | $6,385,000 |
| Application Denied By Financial Institution | 451 | $57,725,000 | $127,000 | $1,785,000 | $88,000 | $2,544,000 |
| File Closed For Incompleteness | 119 | $24,025,000 | $201,000 | $1,545,000 | $185,000 | $4,580,000 |
| Application Approved But Not Accepted | 63 | $11,685,000 | $185,000 | $975,000 | $130,000 | $511,000 |
| Loan Purchased By The Institution | 4 | $670,000 | $167,000 | $345,000 | $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 | 5,148 | $1,490,470,000 | $289,000 | $31,605,000 | $148,000 | $8,282,000 |
| Debt-To-Income Ratio | 152 | $20,380,000 | $134,000 | $645,000 | $62,000 | $896,000 |
| Credit History | 135 | $11,165,000 | $82,000 | $505,000 | $89,000 | $1,200,000 |
| Collateral | 74 | $13,140,000 | $177,000 | $1,785,000 | $151,000 | $2,544,000 |
| Other | 40 | $4,480,000 | $112,000 | $555,000 | $90,000 | $267,000 |
| Unverifiable Information | 23 | $4,125,000 | $179,000 | $505,000 | $59,000 | $193,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 14 | $2,600,000 | $185,000 | $585,000 | $89,000 | $135,000 |
| Employment History | 11 | $1,715,000 | $155,000 | $725,000 | $53,000 | $161,000 |
| Credit Application Incomplete | 2 | $120,000 | $60,000 | $65,000 | $136,000 | $209,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Busey Bank's 2021 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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