Deere & Company Credit Union Mortgage Lending & HMDA Data, 2004
In 2004, Deere & Company Credit Union of Moline, IL reported 91 mortgage applications totaling $8.9 million, down 83% from 2003. The average application was for $97,648, and applicants reported an average income of $69,263. 87% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (15), Des Moines, IA (10) and Raleigh-Cary, NC (3) (applications in parentheses).
| Mortgage Company & Address | Deere & Company Credit Union 3950 38 Ave Moline, IL 61265 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 91 |
| Total Mortgage Loan Application Amount | $8,886,000 |
| Average Mortgage Loan Application Amount | $97,648 |
| Highest Mortgage Loan Application Amount | $360,000 |
| Average Applicant Income | $69,263 |
| Highest Applicant Income | $176,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Deere & Company Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Rock Island, Illinois | 27 | $ 1,814,000 | $ 67,185 | $ 72,000 |
| Scott, Iowa | 15 | $ 1,069,000 | $ 71,266 | $ 66,000 |
| Polk, Iowa | 9 | $ 931,000 | $ 103,444 | $ 64,000 |
| Henry, Illinois | 5 | $ 353,000 | $ 70,600 | $ 75,000 |
| Wake, North Carolina | 3 | $ 400,000 | $ 133,333 | $ 68,000 |
| Montgomery, Kansas | 2 | $ 114,000 | $ 57,000 | $ 49,000 |
| Franklin, Ohio | 2 | $ 142,000 | $ 71,000 | $ 65,000 |
| Maricopa, Arizona | 1 | $ 244,000 | $ 244,000 | $ 69,000 |
| Yavapai, Arizona | 1 | $ 160,000 | $ 160,000 | $ 96,000 |
| Denver, Colorado | 1 | $ 360,000 | $ 360,000 | $ 68,000 |
| Carroll, Georgia | 1 | $ 230,000 | $ 230,000 | $ 49,000 |
| Boone, Illinois | 1 | $ 95,000 | $ 95,000 | $ 75,000 |
| Mercer, Illinois | 1 | $ 14,000 | $ 14,000 | $ 96,000 |
| Peoria, Illinois | 1 | $ 176,000 | $ 176,000 | $ 100,000 |
| Winnebago, Illinois | 1 | $ 135,000 | $ 135,000 | $ 78,000 |
| Monroe, Indiana | 1 | $ 198,000 | $ 198,000 | $ 72,000 |
| Benton, Iowa | 1 | $ 115,000 | $ 115,000 | $ 114,000 |
| Black Hawk, Iowa | 1 | $ 112,000 | $ 112,000 | $ 114,000 |
| Cedar, Iowa | 1 | $ 85,000 | $ 85,000 | $ 45,000 |
| Dallas, Iowa | 1 | $ 50,000 | $ 50,000 | $ 13,000 |
| Johnson, Iowa | 1 | $ 280,000 | $ 280,000 | $ 63,000 |
| Muscatine, Iowa | 1 | $ 224,000 | $ 224,000 | $ 49,000 |
| Warren, Iowa | 1 | $ 243,000 | $ 243,000 | $ 140,000 |
| Harvey, Kansas | 1 | $ 172,000 | $ 172,000 | $ 69,000 |
| Johnson, Kansas | 1 | $ 157,000 | $ 157,000 | $ 70,000 |
| Plymouth, Massachusetts | 1 | $ 58,000 | $ 58,000 | $ 63,000 |
| Muskegon, Michigan | 1 | $ 192,000 | $ 192,000 | $ 90,000 |
| Carver, Minnesota | 1 | $ 50,000 | $ 50,000 | $ 69,000 |
| Newton, Missouri | 1 | $ 113,000 | $ 113,000 | $ 33,000 |
| Forsyth, North Carolina | 1 | $ 114,000 | $ 114,000 | $ 44,000 |
| Harnett, North Carolina | 1 | $ 162,000 | $ 162,000 | $ 72,000 |
| Spartanburg, South Carolina | 1 | $ 80,000 | $ 80,000 | $ 29,000 |
| Benton, Washington | 1 | $ 124,000 | $ 124,000 | $ 47,000 |
| Green, Wisconsin | 1 | $ 110,000 | $ 110,000 | $ 33,000 |
| Outagamie, Wisconsin | 1 | $ 10,000 | $ 10,000 | $ 46,000 |
Mortgage Loan Application Detail Totals for Deere & Company Credit Union in 2004
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 | 39 | $4,503,000 | $128,250 | $244,000 | $57,375 | $144,000 |
| Refinancing | 27 | $3,783,000 | $160,300 | $360,000 | $63,300 | $176,000 |
| Home Improvement | 25 | $600,000 | $30,833 | $58,000 | $66,666 | $114,000 |
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 | 86 | $8,393,000 | $138,133 | $360,000 | $63,133 | $176,000 |
| Black or African American | 2 | $132,000 | $66,000 | $80,000 | $29,500 | $33,000 |
| Hispanic | 2 | $177,000 | $88,500 | $97,000 | $46,000 | $63,000 |
| Asian | 1 | $184,000 | $184,000 | $184,000 | $144,000 | $144,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 91 | $8,886,000 | $134,625 | $360,000 | $60,812 | $176,000 |
| 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 | 79 | $6,851,000 | $111,230 | $243,000 | $61,923 | $176,000 |
| Application Denied By Financial Institution | 9 | $1,349,000 | $159,666 | $360,000 | $57,333 | $114,000 |
| Application Withdrawn By Applicant | 3 | $686,000 | $232,500 | $280,000 | $64,000 | $69,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 5 | $927,000 | $190,500 | $360,000 | $55,000 | $114,000 |
| Credit History | 1 | $97,000 | $97,000 | $97,000 | $63,000 | $63,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Deere & Company Credit Union's 2004 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 Deere & Company 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.
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