Devon Bank Mortgage Lending & HMDA Data, 2022

In 2022, Devon Bank of Chicago, IL reported 1,447 mortgage applications totaling $558.1 million, down 16% from 2021. The average application was for $385,677, and applicants reported an average income of $153,622. 38% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Chicago-Naperville, IL (241), Minneapolis-St. Paul-Bloomington, MN-WI (212) and Dallas-Plano-Irving, TX (115) (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 1,447
Total Mortgage Loan Application Amount $558,075,000
Average Mortgage Loan Application Amount $385,677
Highest Mortgage Loan Application Amount $2,255,000
Average Applicant Income $153,622
Highest Applicant Income $2,910,000

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Act (HMDA) records Devon Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cook, Illinois 156 $ 47,130,000 $ 302,115 $ 146,000
King, Washington 86 $ 47,450,000 $ 551,744 $ 171,000
Dakota, Minnesota 65 $ 25,415,000 $ 391,000 $ 100,000
Collin, Texas 65 $ 30,585,000 $ 470,538 $ 172,000
DuPage, Illinois 62 $ 21,000,000 $ 338,709 $ 178,000
Hennepin, Minnesota 50 $ 17,050,000 $ 341,000 $ 107,000
Jefferson, Kentucky 44 $ 11,270,000 $ 256,136 $ 104,000
Fort Bend, Texas 44 $ 15,310,000 $ 347,954 $ 142,000
Los Angeles, California 41 $ 25,225,000 $ 615,243 $ 207,000
Anoka, Minnesota 39 $ 16,605,000 $ 425,769 $ 99,000
Dallas, Texas 39 $ 14,785,000 $ 379,102 $ 139,000
Harris, Texas 38 $ 11,300,000 $ 297,368 $ 191,000
Franklin, Ohio 34 $ 11,780,000 $ 346,470 $ 102,000
Scott, Minnesota 24 $ 9,220,000 $ 384,166 $ 93,000
Will, Illinois 23 $ 8,365,000 $ 363,695 $ 158,000
Orange, California 22 $ 14,710,000 $ 668,636 $ 306,000
Riverside, California 22 $ 10,940,000 $ 497,272 $ 144,000
Maricopa, Arizona 17 $ 5,995,000 $ 352,647 $ 137,000
Alameda, California 17 $ 10,095,000 $ 593,823 $ 240,000
Tarrant, Texas 17 $ 4,925,000 $ 289,705 $ 199,000
Guilford, North Carolina 16 $ 4,000,000 $ 250,000 $ 81,000
Washington, Minnesota 14 $ 5,100,000 $ 364,285 $ 102,000
Santa Clara, California 13 $ 8,415,000 $ 647,307 $ 190,000
Lake, Illinois 13 $ 4,285,000 $ 329,615 $ 124,000
Wayne, Michigan 13 $ 4,005,000 $ 308,076 $ 210,000
Ramsey, Minnesota 13 $ 4,165,000 $ 320,384 $ 132,000
Travis, Texas 13 $ 4,585,000 $ 352,692 $ 190,000
Jefferson, Louisiana 12 $ 3,020,000 $ 251,666 $ 138,000
San Joaquin, California 11 $ 4,915,000 $ 446,818 $ 180,000
Salt Lake, Utah 11 $ 4,455,000 $ 405,000 $ 134,000
Hamilton, Indiana 10 $ 3,820,000 $ 382,000 $ 185,000
Bexar, Texas 10 $ 2,410,000 $ 241,000 $ 123,000
Fairfax, Virginia 10 $ 4,700,000 $ 470,000 $ 153,000
Milwaukee, Wisconsin 10 $ 2,080,000 $ 208,000 $ 92,000
Sacramento, California 9 $ 4,235,000 $ 470,555 $ 123,000
Wake, North Carolina 9 $ 3,325,000 $ 369,444 $ 137,000
Denton, Texas 9 $ 3,905,000 $ 433,888 $ 115,000
Loudoun, Virginia 9 $ 4,445,000 $ 493,888 $ 257,000
San Bernardino, California 8 $ 3,970,000 $ 496,250 $ 185,000
Hillsborough, Florida 8 $ 3,010,000 $ 376,250 $ 130,000
Fulton, Georgia 8 $ 3,000,000 $ 375,000 $ 145,000
St. Louis, Missouri 8 $ 2,070,000 $ 258,750 $ 83,000
Orange, Florida 7 $ 2,535,000 $ 362,142 $ 222,000
Caddo, Louisiana 7 $ 1,255,000 $ 179,285 $ 57,000
Dane, Wisconsin 7 $ 2,295,000 $ 327,857 $ 255,000
Placer, California 6 $ 3,220,000 $ 536,666 $ 159,000
San Diego, California 6 $ 3,930,000 $ 655,000 $ 125,000
Carver, Minnesota 6 $ 2,820,000 $ 470,000 $ 105,000
Cuyahoga, Ohio 6 $ 1,430,000 $ 238,333 $ 217,000
Washington, Oregon 6 $ 2,450,000 $ 408,333 $ 152,000
Prince William, Virginia 6 $ 1,910,000 $ 318,333 $ 333,000
Pierce, Washington 6 $ 3,550,000 $ 591,666 $ 138,000
Contra Costa, California 5 $ 3,615,000 $ 723,000 $ 204,000
Marion, Indiana 5 $ 965,000 $ 193,000 $ 58,000
Oakland, Michigan 5 $ 2,035,000 $ 407,000 $ 169,000
Oklahoma, Oklahoma 5 $ 1,265,000 $ 253,000 $ 133,000
Williamson, Texas 5 $ 1,945,000 $ 389,000 $ 130,000
Pima, Arizona 4 $ 1,400,000 $ 350,000 $ 160,000
Kern, California 4 $ 1,390,000 $ 347,500 $ 91,000
Ventura, California 4 $ 1,950,000 $ 487,500 $ 266,000
Osceola, Florida 4 $ 870,000 $ 217,500 $ 144,000
Gwinnett, Georgia 4 $ 1,000,000 $ 250,000 $ 100,000
Kane, Illinois 4 $ 1,720,000 $ 430,000 $ 179,000
Montgomery, Ohio 4 $ 910,000 $ 227,500 $ 62,000
Davidson, Tennessee 4 $ 1,560,000 $ 390,000 $ 107,000
Snohomish, Washington 4 $ 2,380,000 $ 595,000 $ 128,000
Arapahoe, Colorado 3 $ 1,725,000 $ 575,000 $ 143,000
Duval, Florida 3 $ 875,000 $ 291,666 $ 82,000
Kendall, Illinois 3 $ 1,295,000 $ 431,666 $ 198,000
Lake, Indiana 3 $ 1,205,000 $ 401,666 $ 335,000
Sedgwick, Kansas 3 $ 865,000 $ 288,333 $ 103,000
Genesee, Michigan 3 $ 1,775,000 $ 591,666 $ 470,000
Macomb, Michigan 3 $ 1,195,000 $ 398,333 $ 111,000
Washtenaw, Michigan 3 $ 975,000 $ 325,000 $ 109,000
Stearns, Minnesota 3 $ 1,065,000 $ 355,000 $ 87,000
Boone, Missouri 3 $ 645,000 $ 215,000 $ 299,000
Sarpy, Nebraska 3 $ 1,185,000 $ 395,000 $ 229,000
Delaware, Ohio 3 $ 1,115,000 $ 371,666 $ 160,000
Tulsa, Oklahoma 3 $ 795,000 $ 265,000 $ 120,000
Multnomah, Oregon 3 $ 1,295,000 $ 431,666 $ 120,000
Shelby, Tennessee 3 $ 835,000 $ 278,333 $ 384,000
Chambers, Texas 3 $ 725,000 $ 241,666 $ 177,000
Lubbock, Texas 3 $ 595,000 $ 198,333 $ 175,000
Kenosha, Wisconsin 3 $ 835,000 $ 278,333 $ 198,000
Mobile, Alabama 2 $ 1,210,000 $ 605,000 $ 335,000
Monterey, California 2 $ 1,520,000 $ 760,000 $ 145,000
San Francisco, California 2 $ 1,340,000 $ 670,000 $ 127,000
Tulare, California 2 $ 770,000 $ 385,000 $ 73,000
Douglas, Colorado 2 $ 670,000 $ 335,000 $ 218,000
Hartford, Connecticut 2 $ 420,000 $ 210,000 $ 115,000
New Haven, Connecticut 2 $ 440,000 $ 220,000 $ 71,000
Lake, Florida 2 $ 680,000 $ 340,000 $ 70,000
Chatham, Georgia 2 $ 550,000 $ 275,000 $ 80,000
Cobb, Georgia 2 $ 910,000 $ 455,000 $ 236,000
Forsyth, Georgia 2 $ 1,000,000 $ 500,000 $ 118,000
Jackson, Illinois 2 $ 730,000 $ 365,000 $ 321,000
Porter, Indiana 2 $ 340,000 $ 170,000 $ 587,000
Johnson, Kansas 2 $ 1,220,000 $ 610,000 $ 874,000
Bossier, Louisiana 2 $ 250,000 $ 125,000 $ 48,000
East Baton Rouge, Louisiana 2 $ 770,000 $ 385,000 $ 110,000
Olmsted, Minnesota 2 $ 410,000 $ 205,000 $ 80,000
Hall, Nebraska 2 $ 470,000 $ 235,000 $ 51,000
Strafford, New Hampshire 2 $ 520,000 $ 260,000 $ 73,000
Mecklenburg, North Carolina 2 $ 860,000 $ 430,000 $ 128,000
Hamilton, Ohio 2 $ 170,000 $ 85,000 $ 480,000
Cumberland, Pennsylvania 2 $ 630,000 $ 315,000 $ 127,000
Brazoria, Texas 2 $ 1,010,000 $ 505,000 $ 119,000
Montgomery, Texas 2 $ 590,000 $ 295,000 $ 107,000
Waller, Texas 2 $ 580,000 $ 290,000 $ 116,000
Cache, Utah 2 $ 550,000 $ 275,000 $ 60,000
Tooele, Utah 2 $ 680,000 $ 340,000 $ 54,000
Chelan, Washington 2 $ 770,000 $ 385,000 $ 345,000
Grays Harbor, Washington 2 $ 340,000 $ 170,000 $ 219,000
Benton, Arkansas 1 $ 565,000 $ 565,000 $ 110,000
Marin, California 1 $ 735,000 $ 735,000 $ 415,000
Stanislaus, California 1 $ 495,000 $ 495,000 $ 276,000
Boulder, Colorado 1 $ 355,000 $ 355,000 $ 148,000
Denver, Colorado 1 $ 75,000 $ 75,000 $ 175,000
Middlesex, Connecticut 1 $ 305,000 $ 305,000 $ 106,000
District of Columbia, District Of Columbia 1 $ 475,000 $ 475,000 $ 120,000
Alachua, Florida 1 $ 305,000 $ 305,000 $ 65,000
Broward, Florida 1 $ 425,000 $ 425,000 $ 95,000
Collier, Florida 1 $ 325,000 $ 325,000 $ 72,000
Escambia, Florida 1 $ 405,000 $ 405,000 $ 79,000
Miami-Dade, Florida 1 $ 555,000 $ 555,000 $ 329,000
Pinellas, Florida 1 $ 675,000 $ 675,000 $ 0
Sarasota, Florida 1 $ 355,000 $ 355,000 $ 344,000
Cherokee, Georgia 1 $ 175,000 $ 175,000 $ 52,000
DeKalb, Georgia 1 $ 365,000 $ 365,000 $ 110,000
Douglas, Georgia 1 $ 635,000 $ 635,000 $ 206,000
DeKalb, Illinois 1 $ 215,000 $ 215,000 $ 164,000
Macon, Illinois 1 $ 145,000 $ 145,000 $ 57,000
McLean, Illinois 1 $ 195,000 $ 195,000 $ 131,000
Peoria, Illinois 1 $ 155,000 $ 155,000 $ 69,000
Allen, Indiana 1 $ 155,000 $ 155,000 $ 35,000
Hendricks, Indiana 1 $ 305,000 $ 305,000 $ 72,000
Shawnee, Kansas 1 $ 215,000 $ 215,000 $ 116,000
Warren, Kentucky 1 $ 175,000 $ 175,000 $ 35,000
Iberia, Louisiana 1 $ 235,000 $ 235,000 $ 48,000
Plaquemines, Louisiana 1 $ 575,000 $ 575,000 $ 158,000
St. Tammany, Louisiana 1 $ 265,000 $ 265,000 $ 56,000
Baltimore City, Maryland 1 $ 95,000 $ 95,000 $ 36,000
Suffolk, Massachusetts 1 $ 675,000 $ 675,000 $ 137,000
Clay, Minnesota 1 $ 235,000 $ 235,000 $ 68,000
Wright, Minnesota 1 $ 415,000 $ 415,000 $ 109,000
Clay, Missouri 1 $ 645,000 $ 645,000 $ 636,000
St. Charles, Missouri 1 $ 175,000 $ 175,000 $ 312,000
Douglas, Nebraska 1 $ 105,000 $ 105,000 $ 40,000
Lancaster, Nebraska 1 $ 275,000 $ 275,000 $ 95,000
Iredell, North Carolina 1 $ 345,000 $ 345,000 $ 70,000
Johnston, North Carolina 1 $ 285,000 $ 285,000 $ 70,000
Pitt, North Carolina 1 $ 335,000 $ 335,000 $ 96,000
Grand Forks, North Dakota 1 $ 215,000 $ 215,000 $ 500,000
Hardin, Ohio 1 $ 145,000 $ 145,000 $ 67,000
Lorain, Ohio 1 $ 405,000 $ 405,000 $ 130,000
Warren, Ohio 1 $ 625,000 $ 625,000 $ 215,000
Coos, Oregon 1 $ 155,000 $ 155,000 $ 175,000
Marion, Oregon 1 $ 235,000 $ 235,000 $ 138,000
Allegheny, Pennsylvania 1 $ 645,000 $ 645,000 $ 274,000
Bucks, Pennsylvania 1 $ 225,000 $ 225,000 $ 130,000
Dauphin, Pennsylvania 1 $ 85,000 $ 85,000 $ 64,000
Anderson, South Carolina 1 $ 235,000 $ 235,000 $ 138,000
Horry, South Carolina 1 $ 235,000 $ 235,000 $ 66,000
Kershaw, South Carolina 1 $ 255,000 $ 255,000 $ 114,000
Richland, South Carolina 1 $ 125,000 $ 125,000 $ 50,000
Minnehaha, South Dakota 1 $ 255,000 $ 255,000 $ 948,000
Sevier, Tennessee 1 $ 215,000 $ 215,000 $ 140,000
Williamson, Tennessee 1 $ 485,000 $ 485,000 $ 195,000
Wilson, Tennessee 1 $ 245,000 $ 245,000 $ 70,000
Hunt, Texas 1 $ 195,000 $ 195,000 $ 52,000
Jefferson, Texas 1 $ 415,000 $ 415,000 $ 145,000
Kaufman, Texas 1 $ 615,000 $ 615,000 $ 151,000
Medina, Texas 1 $ 425,000 $ 425,000 $ 86,000
Smith, Texas 1 $ 355,000 $ 355,000 $ 207,000
Victoria, Texas 1 $ 195,000 $ 195,000 $ 35,000
Washington, Utah 1 $ 385,000 $ 385,000 $ 160,000
Fauquier, Virginia 1 $ 735,000 $ 735,000 $ 174,000
Henrico, Virginia 1 $ 485,000 $ 485,000 $ 110,000
Calumet, Wisconsin 1 $ 275,000 $ 275,000 $ 50,000
Rock, Wisconsin 1 $ 105,000 $ 105,000 $ 54,000
Walworth, Wisconsin 1 $ 545,000 $ 545,000 $ 12,000
Washington, Wisconsin 1 $ 245,000 $ 245,000 $ 85,000

Mortgage Loan Application Detail Totals for Devon Bank in 2022

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 1,084 $433,530,000 $399,000 $2,255,000 $154,000 $2,910,000
Refinancing 260 $86,820,000 $333,000 $1,055,000 $134,000 $1,440,000
Cash-out Refinancing 102 $37,610,000 $368,000 $875,000 $193,000 $791,000
Home Improvement 1 $115,000 $115,000 $115,000 $830,000 $830,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $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
Black or African American 433 $165,775,000 $382,000 $1,105,000 $113,000 $750,000
Asian 395 $157,855,000 $399,000 $2,255,000 $180,000 $1,835,000
White 236 $86,410,000 $366,000 $1,045,000 $170,000 $1,556,000
Not Provided 229 $85,975,000 $375,000 $975,000 $160,000 $2,910,000
Hispanic 24 $7,850,000 $327,000 $805,000 $89,000 $200,000
Not applicable 13 $8,275,000 $636,000 $1,055,000 $0 $0
American Indian or Alaskan Native 1 $365,000 $365,000 $365,000 $124,000 $124,000
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) 1,446 $557,830,000 $385,000 $2,255,000 $153,000 $2,910,000
FHA-insured (Federal Housing Administration) 1 $245,000 $245,000 $245,000 $48,000 $48,000
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 550 $222,770,000 $405,000 $1,115,000 $156,000 $897,000
File Closed For Incompleteness 479 $173,455,000 $362,000 $1,105,000 $153,000 $2,910,000
Application Withdrawn By Applicant 220 $87,800,000 $399,000 $2,255,000 $170,000 $1,529,000
Application Denied By Financial Institution 90 $35,480,000 $394,000 $1,055,000 $107,000 $456,000
Application Approved But Not Accepted 86 $33,280,000 $386,000 $975,000 $167,000 $791,000
Loan Purchased By The Institution 22 $5,290,000 $240,000 $755,000 $80,000 $212,000
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
Not applicable 1,357 $522,595,000 $385,000 $2,255,000 $157,000 $2,910,000
Debt-To-Income Ratio 54 $21,650,000 $400,000 $875,000 $90,000 $223,000
Collateral 11 $3,765,000 $342,000 $575,000 $152,000 $453,000
Unverifiable Information 7 $3,445,000 $492,000 $585,000 $126,000 $180,000
Insufficient Cash (Downpayment, Closing Cost) 6 $2,390,000 $398,000 $645,000 $149,000 $456,000
Credit History 5 $2,265,000 $453,000 $1,055,000 $83,000 $94,000
Employment History 4 $1,120,000 $280,000 $425,000 $123,000 $180,000
Other 3 $845,000 $281,000 $335,000 $124,000 $185,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Devon Bank's 2022 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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