Devon Bank Mortgage Lending & HMDA Data, 2024
In 2024, Devon Bank of Chicago, IL reported 649 mortgage applications totaling $257.8 million, down 12% from 2023. The average application was for $397,265, and applicants reported an average income of $167,770. 57% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Chicago-Naperville, IL (165), Houston-The Woodlands-Sugar Land, TX (67) and Dallas-Plano-Irving, TX (60) (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 | 649 |
| Total Mortgage Loan Application Amount | $257,825,000 |
| Average Mortgage Loan Application Amount | $397,265 |
| Highest Mortgage Loan Application Amount | $2,345,000 |
| Average Applicant Income | $167,770 |
| Highest Applicant Income | $1,336,000 |
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Act (HMDA) records Devon Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville, IL | 165 | $ 52,595,000 | $ 318,757 | $ 133,000 |
| Houston-The Woodlands-Sugar Land, TX | 67 | $ 25,215,000 | $ 376,343 | $ 202,000 |
| Dallas-Plano-Irving, TX | 60 | $ 27,410,000 | $ 456,833 | $ 182,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 33 | $ 13,525,000 | $ 409,848 | $ 146,000 |
| Austin-Round Rock, TX | 19 | $ 8,065,000 | $ 424,473 | $ 211,000 |
| Atlanta-Sandy Springs-Roswell, GA | 13 | $ 3,585,000 | $ 275,769 | $ 80,000 |
| Arlington-Alexandria-Reston, VA-WV | 12 | $ 6,380,000 | $ 531,666 | $ 177,000 |
| Columbus, OH | 12 | $ 4,620,000 | $ 385,000 | $ 129,000 |
| Everett, WA | 12 | $ 9,080,000 | $ 756,666 | $ 193,000 |
| Seattle-Bellevue-Everett, WA | 12 | $ 8,990,000 | $ 749,166 | $ 248,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 11 | $ 5,775,000 | $ 525,000 | $ 137,636 |
| San Antonio-New Braunfels, TX | 11 | $ 3,625,000 | $ 329,545 | $ 156,000 |
| Cleveland, OH | 9 | $ 1,405,000 | $ 156,111 | $ 99,000 |
| Lake County-Kenosha County, IL-WI | 9 | $ 2,945,000 | $ 327,222 | $ 192,000 |
| Phoenix-Mesa-Scottsdale, AZ | 9 | $ 3,775,000 | $ 419,444 | $ 242,000 |
| Indianapolis-Carmel-Anderson, IN | 8 | $ 2,300,000 | $ 287,500 | $ 125,000 |
| Riverside-San Bernardino-Ontario, CA | 8 | $ 3,070,000 | $ 383,750 | $ 119,000 |
| Warren-Troy-Farmington Hills, MI | 8 | $ 2,160,000 | $ 270,000 | $ 110,000 |
| Fort Worth-Arlington, TX | 7 | $ 2,125,000 | $ 303,571 | $ 113,000 |
| Oakland-Hayward-Berkeley, CA | 7 | $ 4,655,000 | $ 665,000 | $ 207,000 |
| Omaha-Council Bluffs, NE-IA | 7 | $ 1,995,000 | $ 285,000 | $ 96,000 |
| Salt Lake City, UT | 7 | $ 3,215,000 | $ 459,285 | $ 129,000 |
| Los Angeles-Long Beach-Glendale, CA | 6 | $ 4,840,000 | $ 806,666 | $ 690,000 |
| Raleigh, NC | 6 | $ 2,720,000 | $ 453,333 | $ 133,000 |
| St. Louis, MO-IL | 6 | $ 2,580,000 | $ 430,000 | $ 168,833 |
| Anaheim-Santa Ana-Irvine, CA | 5 | $ 4,675,000 | $ 935,000 | $ 226,000 |
| Detroit-Dearborn-Livonia, MI | 5 | $ 1,435,000 | $ 287,000 | $ 475,000 |
| Kansas City, MO-KS | 5 | $ 3,275,000 | $ 655,000 | $ 189,600 |
| Madison, WI | 5 | $ 1,965,000 | $ 393,000 | $ 189,000 |
| Outside any metro area | 5 | $ 885,000 | $ 177,000 | $ 112,400 |
| New Orleans-Metairie, LA | 5 | $ 1,545,000 | $ 309,000 | $ 122,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 5 | $ 2,925,000 | $ 585,000 | $ 182,000 |
| Elgin, IL | 4 | $ 1,820,000 | $ 455,000 | $ 165,000 |
| Louisville/Jefferson County, KY-IN | 4 | $ 1,770,000 | $ 442,500 | $ 215,000 |
| San Diego-Carlsbad, CA | 4 | $ 3,170,000 | $ 792,500 | $ 244,000 |
| Ann Arbor, MI | 3 | $ 1,335,000 | $ 445,000 | $ 415,000 |
| Augusta-Richmond County, GA-SC | 3 | $ 785,000 | $ 261,666 | $ 127,000 |
| Bakersfield, CA | 3 | $ 1,595,000 | $ 531,666 | $ 267,000 |
| Boston, MA | 3 | $ 1,755,000 | $ 585,000 | $ 199,000 |
| Lakeland-Winter Haven, FL | 3 | $ 545,000 | $ 181,666 | $ 77,000 |
| Philadelphia, PA | 3 | $ 805,000 | $ 268,333 | $ 137,000 |
| Tacoma-Lakewood, WA | 3 | $ 1,265,000 | $ 421,666 | $ 210,000 |
| Tampa, FL | 3 | $ 925,000 | $ 308,333 | $ 319,000 |
| Baton Rouge, LA | 2 | $ 390,000 | $ 195,000 | $ 119,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 810,000 | $ 405,000 | $ 215,000 |
| Cincinnati, OH-KY-IN | 2 | $ 1,130,000 | $ 565,000 | $ 223,000 |
| Dayton-Springfield-Kettering, OH | 2 | $ 780,000 | $ 390,000 | $ 147,000 |
| Houma-Thibodaux, LA | 2 | $ 510,000 | $ 255,000 | $ 127,000 |
| Manchester-Nashua, NH | 2 | $ 1,030,000 | $ 515,000 | $ 142,000 |
| McAllen-Edinburg-Mission, TX | 2 | $ 590,000 | $ 295,000 | $ 129,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 690,000 | $ 345,000 | $ 91,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 470,000 | $ 235,000 | $ 68,000 |
| Oklahoma City, OK | 2 | $ 530,000 | $ 265,000 | $ 100,000 |
| Rockingham County-Strafford County, NH | 2 | $ 460,000 | $ 230,000 | $ 108,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 1,460,000 | $ 730,000 | $ 231,000 |
| Bloomington, IN | 1 | $ 175,000 | $ 175,000 | $ 146,000 |
| Brownsville-Harlingen, TX | 1 | $ 115,000 | $ 115,000 | $ 183,000 |
| Burlington, NC | 1 | $ 335,000 | $ 335,000 | $ 102,000 |
| Chattanooga, TN-GA | 1 | $ 315,000 | $ 315,000 | $ 70,000 |
| Columbia, MO | 1 | $ 305,000 | $ 305,000 | $ 234,000 |
| Columbia, SC | 1 | $ 285,000 | $ 285,000 | $ 71,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 475,000 | $ 475,000 | $ 184,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 405,000 | $ 405,000 | $ 120,000 |
| Grand Island, NE | 1 | $ 255,000 | $ 255,000 | $ 57,000 |
| Green Bay, WI | 1 | $ 355,000 | $ 355,000 | $ 197,000 |
| Greensboro-High Point, NC | 1 | $ 215,000 | $ 215,000 | $ 70,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 765,000 | $ 765,000 | $ 475,000 |
| Huntsville, AL | 1 | $ 245,000 | $ 245,000 | $ 122,000 |
| Jacksonville, FL | 1 | $ 145,000 | $ 145,000 | $ 70,000 |
| Knoxville, TN | 1 | $ 375,000 | $ 375,000 | $ 119,000 |
| Lake County-Porter County-Jasper County, IN | 1 | $ 315,000 | $ 315,000 | $ 97,000 |
| Lansing-East Lansing, MI | 1 | $ 245,000 | $ 245,000 | $ 63,000 |
| Marietta, GA | 1 | $ 305,000 | $ 305,000 | $ 94,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 505,000 | $ 505,000 | $ 117,000 |
| Monroe, MI | 1 | $ 465,000 | $ 465,000 | $ 278,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 415,000 | $ 415,000 | $ 225,000 |
| Oshkosh-Neenah, WI | 1 | $ 265,000 | $ 265,000 | $ 69,000 |
| Peoria, IL | 1 | $ 235,000 | $ 235,000 | $ 38,000 |
| Provo-Orem, UT | 1 | $ 295,000 | $ 295,000 | $ 137,000 |
| Punta Gorda, FL | 1 | $ 305,000 | $ 305,000 | $ 61,000 |
| Richmond, VA | 1 | $ 335,000 | $ 335,000 | $ 89,000 |
| Roanoke, VA | 1 | $ 345,000 | $ 345,000 | $ 139,000 |
| Shreveport-Bossier City, LA | 1 | $ 125,000 | $ 125,000 | $ 62,000 |
| Sioux Falls, SD | 1 | $ 215,000 | $ 215,000 | $ 108,000 |
| Tulsa, OK | 1 | $ 715,000 | $ 715,000 | $ 475,000 |
Mortgage Loan Application Detail Totals for Devon Bank in 2024
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 | 581 | $229,995,000 | $395,000 | $2,345,000 | $167,000 | $909,000 |
| Refinancing | 43 | $19,295,000 | $448,000 | $1,175,000 | $156,000 | $559,000 |
| Cash-out Refinancing | 19 | $8,085,000 | $425,000 | $1,145,000 | $248,000 | $1,336,000 |
| Home Improvement | 4 | $210,000 | $52,000 | $155,000 | $41,000 | $65,000 |
| Other Purpose | 2 | $240,000 | $120,000 | $185,000 | $136,000 | $143,000 |
| Not Applicable | 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 |
|---|---|---|---|---|---|---|
| Asian | 270 | $111,330,000 | $412,000 | $1,755,000 | $191,000 | $1,336,000 |
| Not Provided | 158 | $68,020,000 | $430,000 | $1,115,000 | $184,000 | $792,000 |
| White | 75 | $28,985,000 | $386,000 | $1,145,000 | $152,000 | $526,000 |
| Black or African American | 75 | $28,185,000 | $375,000 | $725,000 | $134,000 | $527,000 |
| Hispanic | 60 | $12,820,000 | $213,000 | $765,000 | $84,000 | $263,000 |
| Not applicable | 10 | $8,080,000 | $808,000 | $2,345,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $405,000 | $405,000 | $405,000 | $240,000 | $240,000 |
| 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) | 648 | $257,610,000 | $397,000 | $2,345,000 | $168,000 | $1,336,000 |
| FHA-insured (Federal Housing Administration) | 1 | $215,000 | $215,000 | $215,000 | $76,000 | $76,000 |
| 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 | 372 | $149,230,000 | $401,000 | $2,345,000 | $167,000 | $792,000 |
| Application Withdrawn By Applicant | 164 | $64,870,000 | $395,000 | $1,115,000 | $177,000 | $1,336,000 |
| Application Approved But Not Accepted | 52 | $19,930,000 | $383,000 | $765,000 | $178,000 | $559,000 |
| Application Denied By Financial Institution | 33 | $15,395,000 | $466,000 | $1,145,000 | $170,000 | $909,000 |
| File Closed For Incompleteness | 19 | $6,765,000 | $356,000 | $985,000 | $130,000 | $262,000 |
| Loan Purchased By The Institution | 9 | $1,635,000 | $181,000 | $285,000 | $82,000 | $143,000 |
| 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 | 616 | $242,430,000 | $393,000 | $2,345,000 | $168,000 | $1,336,000 |
| Debt-To-Income Ratio | 17 | $7,685,000 | $452,000 | $1,145,000 | $116,000 | $449,000 |
| Unverifiable Information | 6 | $3,260,000 | $543,000 | $885,000 | $128,000 | $192,000 |
| Collateral | 4 | $920,000 | $230,000 | $605,000 | $156,000 | $318,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $955,000 | $318,000 | $475,000 | $98,000 | $156,000 |
| Credit History | 2 | $1,430,000 | $715,000 | $1,145,000 | $517,000 | $909,000 |
| Other | 1 | $1,145,000 | $1,145,000 | $1,145,000 | $909,000 | $909,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Devon Bank's 2024 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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