Devon Bank Mortgage Lending & HMDA Data, 2017

In 2017, Devon Bank of Chicago, IL reported 385 mortgage applications totaling $103.9 million, down 21% from 2016. The average application was for $269,745, and applicants reported an average income of $120,638. 65% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (127), Dallas-Plano-Irving, TX (32) and Minneapolis-St. Paul-Bloomington, MN-WI (29) (applications in parentheses).

Mortgage Company & Address Devon Bank
6445 N Western Avenue
Chicago, IL 60645
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 385
Total Mortgage Loan Application Amount $103,852,000
Average Mortgage Loan Application Amount $269,745
Highest Mortgage Loan Application Amount $920,000
Average Applicant Income $120,638
Highest Applicant Income $590,000

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Act (HMDA) records Devon Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cook, Illinois 89 $ 21,323,000 $ 239,584 $ 84,000
DuPage, Illinois 28 $ 5,876,000 $ 209,857 $ 139,000
Dallas, Texas 22 $ 5,687,000 $ 258,500 $ 120,000
Alameda, California 15 $ 7,886,000 $ 525,733 $ 159,000
Los Angeles, California 10 $ 4,295,000 $ 429,500 $ 130,000
Anoka, Minnesota 9 $ 1,827,000 $ 203,000 $ 82,000
Collin, Texas 9 $ 2,445,000 $ 271,666 $ 158,000
Orange, California 8 $ 3,566,000 $ 445,750 $ 132,000
Hennepin, Minnesota 8 $ 1,799,000 $ 224,875 $ 72,000
Kane, Illinois 7 $ 1,556,000 $ 222,285 $ 64,000
Williamson, Texas 7 $ 1,905,000 $ 272,142 $ 214,000
Sacramento, California 6 $ 1,928,000 $ 321,333 $ 91,000
Arapahoe, Colorado 6 $ 1,412,000 $ 235,333 $ 100,000
Dakota, Minnesota 6 $ 1,760,000 $ 293,333 $ 89,000
Tarrant, Texas 6 $ 1,139,000 $ 189,833 $ 135,000
Travis, Texas 6 $ 1,219,000 $ 203,166 $ 113,000
Riverside, California 5 $ 1,770,000 $ 354,000 $ 114,000
Gwinnett, Georgia 5 $ 1,277,000 $ 255,400 $ 98,000
Kendall, Illinois 5 $ 1,067,000 $ 213,400 $ 78,000
Wake, North Carolina 5 $ 1,277,000 $ 255,400 $ 95,000
Dane, Wisconsin 5 $ 1,053,000 $ 210,600 $ 109,000
Seminole, Florida 4 $ 1,096,000 $ 274,000 $ 123,000
Lake, Illinois 4 $ 928,000 $ 232,000 $ 201,000
Will, Illinois 4 $ 890,000 $ 222,500 $ 88,000
Fairfax, Virginia 4 $ 1,654,000 $ 413,500 $ 106,000
Maricopa, Arizona 3 $ 657,000 $ 219,000 $ 146,000
San Bernardino, California 3 $ 619,000 $ 206,333 $ 98,000
San Joaquin, California 3 $ 962,000 $ 320,666 $ 128,000
Santa Clara, California 3 $ 1,386,000 $ 462,000 $ 254,000
Douglas, Colorado 3 $ 615,000 $ 205,000 $ 144,000
Marion, Indiana 3 $ 661,000 $ 220,333 $ 151,000
Jefferson, Louisiana 3 $ 899,000 $ 299,666 $ 327,000
Oakland, Michigan 3 $ 911,000 $ 303,666 $ 120,000
Ramsey, Minnesota 3 $ 759,000 $ 253,000 $ 75,000
Contra Costa, California 2 $ 1,043,000 $ 521,500 $ 332,000
San Diego, California 2 $ 1,083,000 $ 541,500 $ 167,000
Yolo, California 2 $ 718,000 $ 359,000 $ 319,000
Hillsborough, Florida 2 $ 444,000 $ 222,000 $ 76,000
Hamilton, Indiana 2 $ 479,000 $ 239,500 $ 112,000
Berrien, Michigan 2 $ 672,000 $ 336,000 $ 590,000
St. Louis, Missouri 2 $ 497,000 $ 248,500 $ 120,000
Mecklenburg, North Carolina 2 $ 501,000 $ 250,500 $ 151,000
Tulsa, Oklahoma 2 $ 631,000 $ 315,500 $ 113,000
Shelby, Tennessee 2 $ 538,000 $ 269,000 $ 69,000
Bexar, Texas 2 $ 444,000 $ 222,000 $ 115,000
Fort Bend, Texas 2 $ 585,000 $ 292,500 $ 118,000
Harris, Texas 2 $ 414,000 $ 207,000 $ 83,000
Salt Lake, Utah 2 $ 776,000 $ 388,000 $ 123,000
Milwaukee, Wisconsin 2 $ 510,000 $ 255,000 $ 122,000
Jefferson, Alabama 1 $ 158,000 $ 158,000 $ 65,000
Mobile, Alabama 1 $ 271,000 $ 271,000 $ 113,000
San Mateo, California 1 $ 601,000 $ 601,000 $ 145,000
Jefferson, Colorado 1 $ 355,000 $ 355,000 $ 58,000
Broward, Florida 1 $ 89,000 $ 89,000 $ 219,000
Collier, Florida 1 $ 107,000 $ 107,000 $ 31,000
Orange, Florida 1 $ 249,000 $ 249,000 $ 76,000
Palm Beach, Florida 1 $ 133,000 $ 133,000 $ 49,000
Cobb, Georgia 1 $ 413,000 $ 413,000 $ 93,000
Fulton, Georgia 1 $ 73,000 $ 73,000 $ 100,000
Carroll, Illinois 1 $ 120,000 $ 120,000 $ 71,000
Champaign, Illinois 1 $ 215,000 $ 215,000 $ 138,000
Macon, Illinois 1 $ 182,000 $ 182,000 $ 489,000
McHenry, Illinois 1 $ 359,000 $ 359,000 $ 106,000
Peoria, Illinois 1 $ 172,000 $ 172,000 $ 113,000
Lake, Indiana 1 $ 130,000 $ 130,000 $ 31,000
Monroe, Indiana 1 $ 292,000 $ 292,000 $ 77,000
Warrick, Indiana 1 $ 204,000 $ 204,000 $ 141,000
East Baton Rouge, Louisiana 1 $ 186,000 $ 186,000 $ 117,000
Lafayette, Louisiana 1 $ 344,000 $ 344,000 $ 210,000
Middlesex, Massachusetts 1 $ 112,000 $ 112,000 $ 27,000
Washtenaw, Michigan 1 $ 189,000 $ 189,000 $ 103,000
Wayne, Michigan 1 $ 315,000 $ 315,000 $ 158,000
Carver, Minnesota 1 $ 183,000 $ 183,000 $ 107,000
Scott, Minnesota 1 $ 160,000 $ 160,000 $ 65,000
Washington, Minnesota 1 $ 170,000 $ 170,000 $ 62,000
Jackson, Missouri 1 $ 116,000 $ 116,000 $ 300,000
St. Charles, Missouri 1 $ 184,000 $ 184,000 $ 374,000
Rockingham, New Hampshire 1 $ 441,000 $ 441,000 $ 123,000
Gaston, North Carolina 1 $ 196,000 $ 196,000 $ 76,000
Guilford, North Carolina 1 $ 221,000 $ 221,000 $ 105,000
Iredell, North Carolina 1 $ 208,000 $ 208,000 $ 115,000
Moore, North Carolina 1 $ 155,000 $ 155,000 $ 375,000
Cuyahoga, Ohio 1 $ 116,000 $ 116,000 $ 125,000
Franklin, Ohio 1 $ 191,000 $ 191,000 $ 54,000
Washington, Oregon 1 $ 245,000 $ 245,000 $ 117,000
Denton, Texas 1 $ 160,000 $ 160,000 $ 120,000
Galveston, Texas 1 $ 113,000 $ 113,000 $ 76,000
Hidalgo, Texas 1 $ 113,000 $ 113,000 $ 136,000
Jefferson, Texas 1 $ 261,000 $ 261,000 $ 66,000
Loudoun, Virginia 1 $ 482,000 $ 482,000 $ 143,000
Clark, Washington 1 $ 156,000 $ 156,000 $ 65,000
King, Washington 1 $ 531,000 $ 531,000 $ 133,000
Snohomish, Washington 1 $ 533,000 $ 533,000 $ 116,000
Portage, Wisconsin 1 $ 209,000 $ 209,000 $ 92,000

Mortgage Loan Application Detail Totals for Devon Bank 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
Home Purchase 270 $73,975,000 $273,000 $840,000 $121,000 $590,000
Refinancing 112 $29,147,000 $260,000 $920,000 $123,000 $489,000
Home Improvement 3 $730,000 $243,000 $430,000 $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
Asian 132 $34,693,000 $262,000 $636,000 $114,000 $489,000
White 107 $30,805,000 $287,000 $900,000 $147,000 $590,000
Not Provided 88 $22,025,000 $250,000 $636,000 $133,000 $425,000
Black or African American 30 $9,064,000 $302,000 $692,000 $102,000 $375,000
Not applicable 15 $5,516,000 $367,000 $920,000 $0 $0
Hispanic 13 $1,749,000 $134,000 $206,000 $59,000 $185,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 375 $101,655,000 $271,000 $920,000 $121,000 $590,000
FHA-insured (Federal Housing Administration) 10 $2,197,000 $219,000 $441,000 $79,000 $185,000
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 250 $67,553,000 $270,000 $920,000 $121,000 $590,000
Application Withdrawn By Applicant 94 $25,631,000 $272,000 $636,000 $125,000 $590,000
Application Denied By Financial Institution 30 $7,807,000 $260,000 $900,000 $90,000 $391,000
Application Approved But Not Accepted 6 $1,071,000 $178,000 $309,000 $127,000 $320,000
File Closed For Incompleteness 5 $1,790,000 $358,000 $601,000 $147,000 $191,000
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
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 Devon Bank'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 Devon Bank'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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