Chartwell Financial, LLC Mortgage Lending & HMDA Data, 2024

In 2024, Chartwell Financial, LLC of Oak Brook, IL reported 97 mortgage applications totaling $5.3 million, down 24% from 2023. The average application was for $54,896, and applicants reported an average income of $65,000. 39% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Columbus, IN (18), Minneapolis-St. Paul-Bloomington, MN-WI (12) and Akron, OH (11) (applications in parentheses).

Mortgage Company & Address Chartwell Financial, LLC
2015 Spring Rd # 600
Oak Brook, IL 60523
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  
Total Number of Mortgage Applications 97
Total Mortgage Loan Application Amount $5,325,000
Average Mortgage Loan Application Amount $54,896
Highest Mortgage Loan Application Amount $125,000
Average Applicant Income $65,000
Highest Applicant Income $240,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Chartwell Financial, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Chartwell Financial, LLC in 2024

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 97 $5,325,000 $54,000 $125,000 $65,000 $240,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0
Refinancing 0 $0 $0 $0 $0 $0
Cash-out Refinancing 0 $0 $0 $0 $0 $0
Home Improvement 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 63 $3,285,000 $52,000 $105,000 $63,000 $162,000
Hispanic 22 $1,180,000 $53,000 $115,000 $64,000 $240,000
American Indian or Alaskan Native 5 $435,000 $87,000 $125,000 $79,000 $98,000
Black or African American 3 $145,000 $48,000 $55,000 $106,000 $144,000
Not Provided 2 $130,000 $65,000 $75,000 $59,000 $83,000
Asian 1 $95,000 $95,000 $95,000 $60,000 $60,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 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) 97 $5,325,000 $54,000 $125,000 $65,000 $240,000
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 38 $1,950,000 $51,000 $105,000 $75,000 $162,000
Application Withdrawn By Applicant 25 $1,535,000 $61,000 $105,000 $71,000 $240,000
File Closed For Incompleteness 21 $1,295,000 $61,000 $125,000 $59,000 $144,000
Application Denied By Financial Institution 13 $545,000 $41,000 $115,000 $37,000 $92,000
Application Approved But Not Accepted 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 84 $4,780,000 $56,000 $125,000 $70,000 $240,000
Debt-To-Income Ratio 9 $355,000 $39,000 $65,000 $31,000 $66,000
Credit History 3 $185,000 $61,000 $115,000 $52,000 $92,000
Other 1 $5,000 $5,000 $5,000 $37,000 $37,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
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 Chartwell Financial, LLC's 2024 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 Chartwell Financial, LLC'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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