Crane Credit Union Mortgage Lending & HMDA Data, 2017

In 2017, Crane Credit Union of Odon, IN reported 499 mortgage applications totaling $55.8 million, down 11% from 2016. The average application was for $111,813, and applicants reported an average income of $71,557. 64% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Bloomington, IN (51), Indianapolis-Carmel-Anderson, IN (48) and Evansville, IN-KY (36) (applications in parentheses).

Mortgage Company & Address Crane Credit Union
1 West Gate Drive
Odon, IN 47562
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  
Total Number of Mortgage Applications 499
Total Mortgage Loan Application Amount $55,795,000
Average Mortgage Loan Application Amount $111,813
Highest Mortgage Loan Application Amount $1,260,000
Average Applicant Income $71,557
Highest Applicant Income $667,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Crane Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Crane Credit Union in 2017

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 232 $25,733,000 $110,000 $1,086,000 $70,000 $667,000
Home Purchase 151 $19,105,000 $126,000 $1,260,000 $69,000 $569,000
Home Improvement 116 $10,957,000 $94,000 $378,000 $78,000 $200,000

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 464 $48,063,000 $103,000 $400,000 $76,000 $667,000
Not applicable 27 $7,118,000 $263,000 $1,260,000 $0 $0
Hispanic 4 $271,000 $67,000 $114,000 $56,000 $82,000
Asian 2 $300,000 $150,000 $159,000 $54,000 $83,000
Black or African American 1 $20,000 $20,000 $20,000 $59,000 $59,000
American Indian or Alaskan Native 1 $23,000 $23,000 $23,000 $33,000 $33,000
Not Provided 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 499 $55,795,000 $111,000 $1,260,000 $72,000 $667,000
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 318 $36,574,000 $115,000 $1,260,000 $77,000 $667,000
Application Denied By Financial Institution 110 $9,816,000 $89,000 $250,000 $49,000 $130,000
Application Approved But Not Accepted 56 $7,593,000 $135,000 $400,000 $87,000 $210,000
Application Withdrawn By Applicant 9 $1,089,000 $121,000 $227,000 $70,000 $160,000
File Closed For Incompleteness 6 $723,000 $120,000 $200,000 $55,000 $81,000
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
Unverifiable Information 1 $130,000 $130,000 $130,000 $94,000 $94,000
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Crane Credit Union's 2017 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 Crane Credit Union'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 Indiana, download the full spreadsheet with aggregated HMDA statistics today.

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