Charter Bank Mortgage Lending & HMDA Data, 2020
In 2020, Charter Bank of Eau Claire, WI reported 212 mortgage applications totaling $80.8 million, up 20% from 2019. The average application was for $380,943, and applicants reported an average income of $192,331. 63% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Eau Claire, WI (137), Minneapolis-St. Paul-Bloomington, MN-WI (36) and Wausau, WI (4) (applications in parentheses).
| Mortgage Company & Address | Charter Bank 1010 W Clairemont Ave Eau Claire, WI 54701 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 212 |
| Total Mortgage Loan Application Amount | $80,760,000 |
| Average Mortgage Loan Application Amount | $380,943 |
| Highest Mortgage Loan Application Amount | $6,205,000 |
| Average Applicant Income | $192,331 |
| Highest Applicant Income | $1,117,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Charter Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Charter Bank 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 | 103 | $36,775,000 | $357,000 | $3,075,000 | $196,000 | $1,117,000 |
| Refinancing | 90 | $39,200,000 | $435,000 | $6,205,000 | $202,000 | $1,097,000 |
| Cash-out Refinancing | 12 | $3,220,000 | $268,000 | $515,000 | $151,000 | $500,000 |
| Other Purpose | 6 | $1,410,000 | $235,000 | $1,005,000 | $67,000 | $189,000 |
| Home Improvement | 1 | $155,000 | $155,000 | $155,000 | $0 | $0 |
| 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 | 117 | $35,145,000 | $300,000 | $1,525,000 | $189,000 | $1,097,000 |
| Not applicable | 67 | $38,525,000 | $575,000 | $6,205,000 | $0 | $0 |
| Not Provided | 20 | $5,280,000 | $264,000 | $755,000 | $218,000 | $1,117,000 |
| Asian | 4 | $1,080,000 | $270,000 | $605,000 | $172,000 | $440,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 212 | $80,760,000 | $380,000 | $6,205,000 | $191,000 | $1,117,000 |
| 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 | 134 | $55,310,000 | $412,000 | $6,205,000 | $229,000 | $1,117,000 |
| Application Withdrawn By Applicant | 50 | $13,050,000 | $261,000 | $685,000 | $168,000 | $610,000 |
| Application Denied By Financial Institution | 26 | $7,570,000 | $291,000 | $1,275,000 | $122,000 | $614,000 |
| Application Approved But Not Accepted | 2 | $4,830,000 | $2,415,000 | $2,425,000 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 186 | $73,190,000 | $393,000 | $6,205,000 | $204,000 | $1,117,000 |
| Credit History | 14 | $2,500,000 | $178,000 | $375,000 | $86,000 | $205,000 |
| Debt-To-Income Ratio | 8 | $2,330,000 | $291,000 | $485,000 | $68,000 | $142,000 |
| Other | 3 | $1,955,000 | $651,000 | $1,275,000 | $340,000 | $614,000 |
| Collateral | 1 | $785,000 | $785,000 | $785,000 | $540,000 | $540,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 Charter Bank'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 Charter 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.
For a list of all lenders in Wisconsin, download the full spreadsheet
with aggregated HMDA statistics today.
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