First American Bank Mortgage Lending & HMDA Data, 2020
In 2020, First American Bank of Elk Grove Village, IL reported 5,815 mortgage applications totaling $1.1 billion, up 39% from 2019. The average application was for $192,112, and applicants reported an average income of $123,726. 57% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Chicago-Naperville, IL (3,466), Elgin, IL (718) and Lake County-Kenosha County, IL-WI (697) (applications in parentheses).
| Mortgage Company & Address | First American Bank 80 Stratford Drive Elk Grove Village, IL 60007 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 | 5,815 |
| Total Mortgage Loan Application Amount | $1,117,135,000 |
| Average Mortgage Loan Application Amount | $192,112 |
| Highest Mortgage Loan Application Amount | $5,255,000 |
| Average Applicant Income | $123,726 |
| Highest Applicant Income | $5,233,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First American Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 3,466 | $ 648,990,000 | $ 187,244 | $ 119,000 |
| Elgin, IL | 718 | $ 123,380,000 | $ 171,838 | $ 106,000 |
| Lake County-Kenosha County, IL-WI | 697 | $ 125,875,000 | $ 180,595 | $ 133,117 |
| Miami-Miami Beach-Kendall, FL | 240 | $ 74,950,000 | $ 312,291 | $ 177,000 |
| Kankakee, IL | 166 | $ 17,100,000 | $ 103,012 | $ 81,000 |
| Outside any metro area | 92 | $ 22,910,000 | $ 249,021 | $ 158,266 |
| Racine, WI | 41 | $ 6,645,000 | $ 162,073 | $ 95,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 33 | $ 8,235,000 | $ 249,545 | $ 175,000 |
| Milwaukee-Waukesha-West Allis, WI | 33 | $ 10,505,000 | $ 318,333 | $ 118,000 |
| Gary, IN | 31 | $ 3,725,000 | $ 120,161 | $ 92,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 31 | $ 7,405,000 | $ 238,870 | $ 157,000 |
| Naples-Immokalee-Marco Island, FL | 25 | $ 8,615,000 | $ 344,600 | $ 354,000 |
| Rockford, IL | 23 | $ 2,735,000 | $ 118,913 | $ 87,000 |
| Phoenix-Mesa-Scottsdale, AZ | 15 | $ 4,195,000 | $ 279,666 | $ 176,000 |
| Tampa-St. Petersburg-Clearwater, FL | 13 | $ 5,755,000 | $ 442,692 | $ 289,000 |
| Indianapolis-Carmel-Anderson, IN | 12 | $ 1,780,000 | $ 148,333 | $ 193,000 |
| Cape Coral-Fort Myers, FL | 11 | $ 2,325,000 | $ 211,363 | $ 169,000 |
| Las Vegas-Henderson-Paradise, NV | 7 | $ 1,525,000 | $ 217,857 | $ 125,000 |
| North Port-Sarasota-Bradenton, FL | 7 | $ 1,215,000 | $ 173,571 | $ 154,000 |
| Santa Maria-Santa Barbara, CA | 6 | $ 1,210,000 | $ 201,666 | $ 194,000 |
| Atlanta-Sandy Springs-Roswell, GA | 5 | $ 835,000 | $ 167,000 | $ 85,000 |
| Niles-Benton Harbor, MI | 5 | $ 815,000 | $ 163,000 | $ 137,000 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 1,785,000 | $ 357,000 | $ 198,000 |
| Champaign-Urbana, IL | 4 | $ 360,000 | $ 90,000 | $ 141,000 |
| Michigan City-La Porte, IN | 4 | $ 880,000 | $ 220,000 | $ 178,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 4 | $ 840,000 | $ 210,000 | $ 121,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 4 | $ 720,000 | $ 180,000 | $ 210,000 |
| Port St. Lucie, FL | 4 | $ 910,000 | $ 227,500 | $ 157,000 |
| Tucson, AZ | 4 | $ 650,000 | $ 162,500 | $ 114,000 |
| Akron, OH | 3 | $ 245,000 | $ 81,666 | $ 77,000 |
| Bellingham, WA | 3 | $ 895,000 | $ 298,333 | $ 122,000 |
| Boulder, CO | 3 | $ 545,000 | $ 181,666 | $ 384,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 1,405,000 | $ 468,333 | $ 269,000 |
| New York-Jersey City-White Plains, NY-NJ | 3 | $ 485,000 | $ 161,666 | $ 68,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 735,000 | $ 245,000 | $ 115,666 |
| Albany-Schenectady-Troy, NY | 2 | $ 350,000 | $ 175,000 | $ 147,000 |
| Bloomington, IL | 2 | $ 380,000 | $ 190,000 | $ 20,000 |
| Carbondale-Marion, IL | 2 | $ 220,000 | $ 110,000 | $ 77,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 730,000 | $ 365,000 | $ 182,000 |
| Des Moines-West Des Moines, IA | 2 | $ 1,890,000 | $ 945,000 | $ 166,000 |
| Durham-Chapel Hill, NC | 2 | $ 570,000 | $ 285,000 | $ 257,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 340,000 | $ 170,000 | $ 213,000 |
| Green Bay, WI | 2 | $ 310,000 | $ 155,000 | $ 84,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 2 | $ 410,000 | $ 205,000 | $ 50,000 |
| Jacksonville, FL | 2 | $ 630,000 | $ 315,000 | $ 120,000 |
| Lexington-Fayette, KY | 2 | $ 390,000 | $ 195,000 | $ 86,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 720,000 | $ 360,000 | $ 84,000 |
| Ocala, FL | 2 | $ 360,000 | $ 180,000 | $ 100,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 430,000 | $ 215,000 | $ 186,000 |
| Providence-Warwick, RI-MA | 2 | $ 430,000 | $ 215,000 | $ 62,000 |
| Richmond, VA | 2 | $ 390,000 | $ 195,000 | $ 259,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 220,000 | $ 110,000 | $ 257,000 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 1,280,000 | $ 640,000 | $ 15,000 |
| Sebastian-Vero Beach, FL | 2 | $ 1,120,000 | $ 560,000 | $ 36,000 |
| South Bend-Mishawaka, IN-MI | 2 | $ 210,000 | $ 105,000 | $ 205,000 |
| St. Louis, MO-IL | 2 | $ 550,000 | $ 275,000 | $ 114,000 |
| Toledo, OH | 2 | $ 350,000 | $ 175,000 | $ 77,000 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 185,000 | $ 185,000 | $ 255,000 |
| Athens-Clarke County, GA | 1 | $ 115,000 | $ 115,000 | $ 56,000 |
| Bloomington, IN | 1 | $ 285,000 | $ 285,000 | $ 42,000 |
| Boston, MA | 1 | $ 405,000 | $ 405,000 | $ 78,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 265,000 | $ 265,000 | $ 180,000 |
| Cedar Rapids, IA | 1 | $ 1,755,000 | $ 1,755,000 | $ 0 |
| Charleston-North Charleston, SC | 1 | $ 275,000 | $ 275,000 | $ 86,000 |
| Charlottesville, VA | 1 | $ 365,000 | $ 365,000 | $ 110,000 |
| Columbia, SC | 1 | $ 55,000 | $ 55,000 | $ 40,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Denver-Aurora-Lakewood, CO | 1 | $ 515,000 | $ 515,000 | $ 125,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 15,000 | $ 15,000 | $ 105,000 |
| Elkhart-Goshen, IN | 1 | $ 245,000 | $ 245,000 | $ 123,000 |
| Evansville, IN-KY | 1 | $ 75,000 | $ 75,000 | $ 105,000 |
| Fort Collins, CO | 1 | $ 25,000 | $ 25,000 | $ 142,000 |
| Fort Wayne, IN | 1 | $ 25,000 | $ 25,000 | $ 44,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 265,000 | $ 265,000 | $ 72,000 |
| Janesville-Beloit, WI | 1 | $ 55,000 | $ 55,000 | $ 34,000 |
| Knoxville, TN | 1 | $ 515,000 | $ 515,000 | $ 352,000 |
| Lakeland-Winter Haven, FL | 1 | $ 25,000 | $ 25,000 | $ 77,000 |
| Lincoln, NE | 1 | $ 195,000 | $ 195,000 | $ 337,000 |
| Madison, WI | 1 | $ 195,000 | $ 195,000 | $ 112,000 |
| Manchester-Nashua, NH | 1 | $ 325,000 | $ 325,000 | $ 234,000 |
| Midland, MI | 1 | $ 185,000 | $ 185,000 | $ 79,000 |
| Mobile, AL | 1 | $ 85,000 | $ 85,000 | $ 75,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 265,000 | $ 265,000 | $ 137,000 |
| New Orleans-Metairie, LA | 1 | $ 205,000 | $ 205,000 | $ 249,000 |
| New York-Newark, NY | 1 | $ 205,000 | $ 205,000 | $ 64,000 |
| Newark, NJ-PA | 1 | $ 425,000 | $ 425,000 | $ 80,000 |
| Oklahoma City, OK | 1 | $ 115,000 | $ 115,000 | $ 67,000 |
| Panama City, FL | 1 | $ 305,000 | $ 305,000 | $ 338,000 |
| Peoria, IL | 1 | $ 105,000 | $ 105,000 | $ 34,000 |
| Pine Bluff, AR | 1 | $ 45,000 | $ 45,000 | $ 50,000 |
| Pittsburgh, PA | 1 | $ 135,000 | $ 135,000 | $ 90,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 45,000 | $ 45,000 | $ 65,000 |
| Pueblo, CO | 1 | $ 3,335,000 | $ 3,335,000 | $ 0 |
| Punta Gorda, FL | 1 | $ 65,000 | $ 65,000 | $ 266,000 |
| Raleigh, NC | 1 | $ 145,000 | $ 145,000 | $ 48,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 705,000 | $ 705,000 | $ 308,000 |
| Sioux City, IA-NE-SD | 1 | $ 215,000 | $ 215,000 | $ 145,000 |
| Syracuse, NY | 1 | $ 35,000 | $ 35,000 | $ 73,000 |
| Terre Haute, IN | 1 | $ 15,000 | $ 15,000 | $ 78,000 |
| The Villages, FL | 1 | $ 265,000 | $ 265,000 | $ 111,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 205,000 | $ 205,000 | $ 324,000 |
| Wilmington, DE-MD-NJ | 1 | $ 135,000 | $ 135,000 | $ 77,000 |
| Winston-Salem, NC | 1 | $ 75,000 | $ 75,000 | $ 176,000 |
| Yakima, WA | 1 | $ 145,000 | $ 145,000 | $ 307,000 |
Mortgage Loan Application Detail Totals for First American Bank in 2020
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 | 3,026 | $609,840,000 | $201,000 | $5,255,000 | $118,000 | $2,017,000 |
| Cash-out Refinancing | 1,216 | $259,350,000 | $213,000 | $3,005,000 | $110,000 | $1,665,000 |
| Home Purchase | 652 | $171,050,000 | $262,000 | $3,515,000 | $164,000 | $5,233,000 |
| Home Improvement | 515 | $46,575,000 | $90,000 | $1,005,000 | $137,000 | $1,334,000 |
| Other Purpose | 406 | $30,320,000 | $74,000 | $505,000 | $126,000 | $2,020,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 3,357 | $608,745,000 | $181,000 | $3,515,000 | $130,000 | $5,233,000 |
| Not Provided | 892 | $188,750,000 | $211,000 | $2,955,000 | $123,000 | $1,468,000 |
| Hispanic | 868 | $163,410,000 | $188,000 | $3,005,000 | $104,000 | $1,528,000 |
| Asian | 317 | $63,185,000 | $199,000 | $805,000 | $126,000 | $1,665,000 |
| Black or African American | 219 | $26,985,000 | $123,000 | $525,000 | $93,000 | $364,000 |
| Not applicable | 62 | $44,390,000 | $715,000 | $5,255,000 | $0 | $0 |
| American Indian or Alaskan Native | 13 | $2,275,000 | $175,000 | $505,000 | $264,000 | $2,020,000 |
| 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) | 5,771 | $1,106,355,000 | $191,000 | $5,255,000 | $124,000 | $5,233,000 |
| FHA-insured (Federal Housing Administration) | 39 | $9,185,000 | $235,000 | $515,000 | $106,000 | $404,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,595,000 | $319,000 | $525,000 | $182,000 | $446,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 3,312 | $615,700,000 | $185,000 | $5,255,000 | $123,000 | $5,233,000 |
| Application Denied By Financial Institution | 1,078 | $203,030,000 | $188,000 | $3,005,000 | $97,000 | $2,020,000 |
| Application Withdrawn By Applicant | 759 | $162,065,000 | $213,000 | $3,515,000 | $149,000 | $2,024,000 |
| File Closed For Incompleteness | 536 | $105,800,000 | $197,000 | $1,085,000 | $134,000 | $1,468,000 |
| Application Approved But Not Accepted | 130 | $30,540,000 | $234,000 | $3,335,000 | $154,000 | $1,665,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 4,737 | $914,105,000 | $192,000 | $5,255,000 | $129,000 | $5,233,000 |
| Debt-To-Income Ratio | 610 | $119,800,000 | $196,000 | $2,955,000 | $73,000 | $550,000 |
| Credit History | 243 | $34,015,000 | $139,000 | $1,775,000 | $98,000 | $947,000 |
| Collateral | 144 | $26,760,000 | $185,000 | $1,005,000 | $137,000 | $830,000 |
| Other | 60 | $17,300,000 | $288,000 | $3,005,000 | $258,000 | $2,020,000 |
| Unverifiable Information | 10 | $2,210,000 | $221,000 | $435,000 | $67,000 | $167,000 |
| Employment History | 7 | $1,755,000 | $250,000 | $515,000 | $97,000 | $241,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $585,000 | $195,000 | $265,000 | $133,000 | $191,000 |
| Credit Application Incomplete | 1 | $605,000 | $605,000 | $605,000 | $102,000 | $102,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First American Bank's 2020 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 First American 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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