Citrus Bank NA Mortgage Lending & HMDA Data, 2008
In 2008, Citrus Bank NA of Franklin, WI reported 9 mortgage applications totaling $1.8 million, down 47% from 2007. The average application was for $202,111, and applicants reported an average income of $64,111. 44% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Sebastian-Vero Beach, FL (6), Port St. Lucie, FL (2) and West Palm Beach-Boca Raton-Boynton Beach, FL (1) (applications in parentheses).
| Mortgage Company & Address | Citrus Bank NA 10068 W Loomis Rd Franklin, WI 53132 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 9 |
| Total Mortgage Loan Application Amount | $1,819,000 |
| Average Mortgage Loan Application Amount | $202,111 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $64,111 |
| Highest Applicant Income | $134,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citrus Bank NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Citrus Bank NA in 2008
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 | 7 | $1,119,000 | $159,000 | $346,000 | $79,000 | $134,000 |
| Home Improvement | 1 | $100,000 | $100,000 | $100,000 | $24,000 | $24,000 |
| Home Purchase | 1 | $600,000 | $600,000 | $600,000 | $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 | 7 | $906,000 | $129,000 | $346,000 | $72,000 | $134,000 |
| Not applicable | 1 | $600,000 | $600,000 | $600,000 | $0 | $0 |
| Black or African American | 1 | $313,000 | $313,000 | $313,000 | $76,000 | $76,000 |
| 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 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 9 | $1,819,000 | $202,000 | $600,000 | $64,000 | $134,000 |
| 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 | 4 | $742,000 | $185,000 | $600,000 | $43,000 | $115,000 |
| Application Denied By Financial Institution | 2 | $506,000 | $253,000 | $313,000 | $105,000 | $134,000 |
| Application Withdrawn By Applicant | 2 | $471,000 | $235,000 | $346,000 | $86,000 | $86,000 |
| Application Approved But Not Accepted | 1 | $100,000 | $100,000 | $100,000 | $24,000 | $24,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $193,000 | $193,000 | $193,000 | $134,000 | $134,000 |
| Collateral | 1 | $313,000 | $313,000 | $313,000 | $76,000 | $76,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citrus Bank NA's 2008 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 Citrus Bank NA'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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