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records Deere & Company Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Davenport-Moline-Rock Island, IA-IL | 107 | $ 8,145,000 | $ 76,121 | $ 67,000 |
| Des Moines, IA | 39 | $ 3,366,000 | $ 86,307 | $ 92,000 |
| Raleigh-Durham-Chapel Hill, NC | 12 | $ 1,299,000 | $ 108,250 | $ 82,000 |
| Greenville-Spartanburg-Anderson, SC | 10 | $ 180,000 | $ 18,000 | $ 39,000 |
| Minneapolis-St. Paul, MN-WI | 9 | $ 1,046,000 | $ 116,222 | $ 64,000 |
| Waterloo-Cedar Falls, IA | 8 | $ 575,000 | $ 71,875 | $ 69,000 |
| Augusta-Aiken, GA-SC | 7 | $ 648,000 | $ 92,571 | $ 79,000 |
| Atlanta, GA | 5 | $ 503,000 | $ 100,600 | $ 97,000 |
| Madison, WI | 5 | $ 219,000 | $ 43,800 | $ 92,000 |
| Chicago, IL | 4 | $ 412,000 | $ 103,000 | $ 74,000 |
| Kansas City, MO-KS | 4 | $ 199,000 | $ 49,750 | $ 57,000 |
| St. Louis, MO-IL | 4 | $ 189,000 | $ 47,250 | $ 111,000 |
| Baton Rouge, LA | 3 | $ 173,000 | $ 57,666 | $ 173,000 |
| Rockford, IL | 3 | $ 160,000 | $ 53,333 | $ 58,000 |
| Bloomington-Normal, IL | 2 | $ 224,000 | $ 112,000 | $ 76,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 2 | $ 59,000 | $ 29,500 | $ 89,000 |
| Denver, CO | 2 | $ 162,000 | $ 81,000 | $ 72,000 |
| Fort Myers-Cape Coral, FL | 2 | $ 178,000 | $ 89,000 | $ 67,000 |
| Greensboro--Winston-Salem--High Point, NC | 2 | $ 46,000 | $ 23,000 | $ 42,000 |
| Iowa City, IA | 2 | $ 320,000 | $ 160,000 | $ 70,000 |
| Phoenix-Mesa, AZ | 2 | $ 140,000 | $ 70,000 | $ 54,000 |
| Appleton-Oshkosh-Neenah, WI | 1 | $ 158,000 | $ 158,000 | $ 91,000 |
| Billings, MT | 1 | $ 100,000 | $ 100,000 | $ 79,000 |
| Charleston-North Charleston, SC | 1 | $ 150,000 | $ 150,000 | $ 109,000 |
| Columbus, OH | 1 | $ 7,000 | $ 7,000 | $ 66,000 |
| Dallas, TX | 1 | $ 105,000 | $ 105,000 | $ 88,000 |
| Fort Lauderdale, FL | 1 | $ 160,000 | $ 160,000 | $ 110,000 |
| Indianapolis, IN | 1 | $ 97,000 | $ 97,000 | $ 168,000 |
| Lancaster, PA | 1 | $ 145,000 | $ 145,000 | $ 100,000 |
| Los Angeles-Long Beach, CA | 1 | $ 320,000 | $ 320,000 | $ 116,000 |
| Melbourne-Titusville-Palm Bay, FL | 1 | $ 76,000 | $ 76,000 | $ 63,000 |
| Mobile, AL | 1 | $ 322,000 | $ 322,000 | $ 419,000 |
| Oakland, CA | 1 | $ 16,000 | $ 16,000 | $ 124,000 |
| Ocala, FL | 1 | $ 100,000 | $ 100,000 | $ 122,000 |
| Omaha, NE-IA | 1 | $ 27,000 | $ 27,000 | $ 72,000 |
| Peoria-Pekin, IL | 1 | $ 25,000 | $ 25,000 | $ 89,000 |
| Sarasota-Bradenton, FL | 1 | $ 75,000 | $ 75,000 | $ 41,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 12,000 | $ 12,000 | $ 35,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 184,000 | $ 184,000 | $ 68,000 |
| Sherman-Denison, TX | 1 | $ 279,000 | $ 279,000 | $ 283,000 |
| St. Joseph, MO | 1 | $ 35,000 | $ 35,000 | $ 55,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 170,000 | $ 170,000 | $ 90,000 |
| Tucson, AZ | 1 | $ 90,000 | $ 90,000 | $ 24,000 |
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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