Deere & Company Credit Union Mortgage Lending & HMDA Data, 2003

In 2003, Deere & Company Credit Union of Moline, IL reported 523 mortgage applications totaling $40.6 million. The average application was for $77,567, and applicants reported an average income of $78,866. 99% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (107), Des Moines, IA (39) and Raleigh-Durham-Chapel Hill, NC (12) (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 523
Total Mortgage Loan Application Amount $40,568,000
Average Mortgage Loan Application Amount $77,567
Highest Mortgage Loan Application Amount $389,000
Average Applicant Income $78,866
Highest Applicant Income $419,000

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records Deere & Company Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Deere & Company Credit Union by County in 2003

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 171 $ 12,055,000 $ 70,497 $ 81,000
Scott, Iowa 107 $ 8,145,000 $ 76,121 $ 67,000
Henry, Illinois 42 $ 3,420,000 $ 81,428 $ 77,000
Polk, Iowa 32 $ 2,426,000 $ 75,812 $ 76,000
Johnson, Kansas 13 $ 1,015,000 $ 78,076 $ 98,000
Wake, North Carolina 11 $ 1,289,000 $ 117,181 $ 84,000
Black Hawk, Iowa 8 $ 575,000 $ 71,875 $ 69,000
Mercer, Illinois 7 $ 623,000 $ 89,000 $ 75,000
Greenville, South Carolina 7 $ 121,000 $ 17,285 $ 40,000
Columbia, Georgia 6 $ 516,000 $ 86,000 $ 76,000
Dallas, Iowa 6 $ 774,000 $ 129,000 $ 101,000
Dakota, Minnesota 5 $ 694,000 $ 138,800 $ 98,000
Dane, Wisconsin 5 $ 219,000 $ 43,800 $ 92,000
St. Louis, Missouri 3 $ 181,000 $ 60,333 $ 107,000
Maricopa, Arizona 2 $ 140,000 $ 70,000 $ 54,000
Kings, California 2 $ 59,000 $ 29,500 $ 38,000
Douglas, Colorado 2 $ 162,000 $ 81,000 $ 72,000
Lee, Florida 2 $ 178,000 $ 89,000 $ 67,000
DeKalb, Georgia 2 $ 338,000 $ 169,000 $ 111,000
DuPage, Illinois 2 $ 176,000 $ 88,000 $ 93,000
McLean, Illinois 2 $ 224,000 $ 112,000 $ 76,000
Winnebago, Illinois 2 $ 42,000 $ 21,000 $ 31,000
Johnson, Iowa 2 $ 320,000 $ 160,000 $ 70,000
East Baton Rouge, Louisiana 2 $ 112,000 $ 56,000 $ 202,000
Jackson, Missouri 2 $ 46,000 $ 23,000 $ 51,000
Platte, Missouri 2 $ 153,000 $ 76,500 $ 60,000
Forsyth, North Carolina 2 $ 46,000 $ 23,000 $ 42,000
Cherokee, South Carolina 2 $ 14,000 $ 7,000 $ 39,000
Baldwin, Alabama 1 $ 322,000 $ 322,000 $ 419,000
Marion, Alabama 1 $ 76,000 $ 76,000 $ 35,000
Pima, Arizona 1 $ 90,000 $ 90,000 $ 24,000
Alameda, California 1 $ 16,000 $ 16,000 $ 124,000
Los Angeles, California 1 $ 320,000 $ 320,000 $ 116,000
Orange, California 1 $ 296,000 $ 296,000 $ 83,000
Brevard, Florida 1 $ 76,000 $ 76,000 $ 63,000
Broward, Florida 1 $ 160,000 $ 160,000 $ 110,000
Hillsborough, Florida 1 $ 170,000 $ 170,000 $ 90,000
Marion, Florida 1 $ 100,000 $ 100,000 $ 122,000
Sarasota, Florida 1 $ 75,000 $ 75,000 $ 41,000
Gwinnett, Georgia 1 $ 70,000 $ 70,000 $ 148,000
Lincoln, Georgia 1 $ 55,000 $ 55,000 $ 79,000
McDuffie, Georgia 1 $ 132,000 $ 132,000 $ 92,000
Newton, Georgia 1 $ 45,000 $ 45,000 $ 43,000
Rockdale, Georgia 1 $ 50,000 $ 50,000 $ 88,000
Boone, Illinois 1 $ 118,000 $ 118,000 $ 86,000
Cook, Illinois 1 $ 50,000 $ 50,000 $ 10,000
Jo Daviess, Illinois 1 $ 74,000 $ 74,000 $ 81,000
Knox, Illinois 1 $ 96,000 $ 96,000 $ 70,000
Lake, Illinois 1 $ 186,000 $ 186,000 $ 101,000
Pulaski, Illinois 1 $ 44,000 $ 44,000 $ 35,000
Scott, Illinois 1 $ 35,000 $ 35,000 $ 71,000
Tazewell, Illinois 1 $ 25,000 $ 25,000 $ 89,000
Warren, Illinois 1 $ 85,000 $ 85,000 $ 48,000
Whiteside, Illinois 1 $ 50,000 $ 50,000 $ 61,000
Johnson, Indiana 1 $ 97,000 $ 97,000 $ 168,000
Clinton, Iowa 1 $ 200,000 $ 200,000 $ 145,000
Marshall, Iowa 1 $ 194,000 $ 194,000 $ 82,000
Wapello, Iowa 1 $ 90,000 $ 90,000 $ 94,000
Warren, Iowa 1 $ 166,000 $ 166,000 $ 158,000
Wright, Iowa 1 $ 112,000 $ 112,000 $ 66,000
Labette, Kansas 1 $ 57,000 $ 57,000 $ 45,000
Montgomery, Kansas 1 $ 59,000 $ 59,000 $ 26,000
Jefferson Davis, Louisiana 1 $ 44,000 $ 44,000 $ 69,000
Livingston, Louisiana 1 $ 61,000 $ 61,000 $ 115,000
Hennepin, Minnesota 1 $ 132,000 $ 132,000 $ 39,000
Hubbard, Minnesota 1 $ 25,000 $ 25,000 $ 88,000
Itasca, Minnesota 1 $ 25,000 $ 25,000 $ 59,000
Ramsey, Minnesota 1 $ 122,000 $ 122,000 $ 90,000
Scott, Minnesota 1 $ 50,000 $ 50,000 $ 49,000
Washington, Minnesota 1 $ 48,000 $ 48,000 $ 13,000
Buchanan, Missouri 1 $ 35,000 $ 35,000 $ 55,000
St. Charles, Missouri 1 $ 8,000 $ 8,000 $ 120,000
Yellowstone, Montana 1 $ 100,000 $ 100,000 $ 79,000
Douglas, Nebraska 1 $ 27,000 $ 27,000 $ 72,000
Merrimack, New Hampshire 1 $ 11,000 $ 11,000 $ 76,000
Johnston, North Carolina 1 $ 10,000 $ 10,000 $ 62,000
Mecklenburg, North Carolina 1 $ 44,000 $ 44,000 $ 57,000
Union, North Carolina 1 $ 15,000 $ 15,000 $ 122,000
Franklin, Ohio 1 $ 7,000 $ 7,000 $ 66,000
Washington, Oklahoma 1 $ 85,000 $ 85,000 $ 94,000
Lancaster, Pennsylvania 1 $ 145,000 $ 145,000 $ 100,000
Luzerne, Pennsylvania 1 $ 12,000 $ 12,000 $ 35,000
York, Pennsylvania 1 $ 200,000 $ 200,000 $ 93,000
Berkeley, South Carolina 1 $ 150,000 $ 150,000 $ 109,000
Spartanburg, South Carolina 1 $ 45,000 $ 45,000 $ 36,000
Grayson, Texas 1 $ 279,000 $ 279,000 $ 283,000
Rockwall, Texas 1 $ 105,000 $ 105,000 $ 88,000
King, Washington 1 $ 184,000 $ 184,000 $ 68,000
Calumet, Wisconsin 1 $ 158,000 $ 158,000 $ 91,000
Crawford, Wisconsin 1 $ 52,000 $ 52,000 $ 90,000
Fond du Lac, Wisconsin 1 $ 20,000 $ 20,000 $ 40,000
Marathon, Wisconsin 1 $ 122,000 $ 122,000 $ 80,000
Washington, Wisconsin 1 $ 190,000 $ 190,000 $ 126,000
Winnebago, Wisconsin 1 $ 80,000 $ 80,000 $ 111,000

Mortgage Loan Application Detail Totals for Deere & Company Credit Union in 2003

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 (home purchase or home improvement, one-to-four family) 431 $33,246,000 $95,454 $389,000 $95,818 $419,000
Home Purchase (one-to-four family) 57 $6,231,000 $110,909 $260,000 $84,727 $267,000
Home Improvement (one-to-four family) 33 $779,000 $24,125 $100,000 $70,500 $118,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 2 $312,000 $156,000 $211,000 $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 269 $27,287,000 $128,190 $389,000 $90,095 $419,000
Information not provided by applicant in mail or telephone application 240 $12,113,000 $60,210 $323,000 $86,578 $283,000
Hispanic 7 $487,000 $74,500 $157,000 $101,250 $303,000
Asian or Pacific Islander 3 $327,000 $115,000 $134,000 $95,500 $129,000
Black 3 $274,000 $93,500 $116,000 $106,000 $129,000
American Indian or Alaskan Native 1 $80,000 $80,000 $80,000 $13,000 $13,000
Not applicable 0 $0 $0 $0 $0 $0
Other 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) 523 $40,568,000 $88,791 $389,000 $92,791 $419,000
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 517 $39,879,000 $92,291 $389,000 $97,125 $419,000
Application Withdrawn By Applicant 6 $689,000 $114,000 $203,000 $62,500 $88,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Application Denied By Financial Institution 0 $0 $0 $0 $0 $0
Loan Purchased By The 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
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
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Deere & Company Credit Union's 2003 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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