First Clermont Bank Mortgage Lending & HMDA Data, 2004
In 2004, First Clermont Bank of Milford, OH reported 590 mortgage applications totaling $74.5 million, down 55% from 2003. The average application was for $126,325, and applicants reported an average income of $56,991. 67% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Cincinnati-Middletown, OH-KY-IN (473), Columbus, OH (1) and Dayton, OH (1) (applications in parentheses).
| Mortgage Company & Address | First Clermont Bank 400 Techne Center Dr.Suite 106 Milford, OH 45150 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 590 |
| Total Mortgage Loan Application Amount | $74,532,000 |
| Average Mortgage Loan Application Amount | $126,325 |
| Highest Mortgage Loan Application Amount | $1,152,000 |
| Average Applicant Income | $56,991 |
| Highest Applicant Income | $397,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Clermont Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Clermont, Ohio | 325 | $ 37,926,000 | $ 116,695 | $ 49,000 |
| Hamilton, Ohio | 90 | $ 16,071,000 | $ 178,566 | $ 52,000 |
| Brown, Ohio | 44 | $ 4,436,000 | $ 100,818 | $ 45,000 |
| Warren, Ohio | 12 | $ 2,445,000 | $ 203,750 | $ 115,000 |
| Clinton, Ohio | 7 | $ 877,000 | $ 125,285 | $ 54,000 |
| Highland, Ohio | 7 | $ 550,000 | $ 78,571 | $ 44,000 |
| Adams, Ohio | 5 | $ 356,000 | $ 71,200 | $ 39,000 |
| Campbell, Kentucky | 3 | $ 177,000 | $ 59,000 | $ 62,000 |
| Butler, Ohio | 2 | $ 166,000 | $ 83,000 | $ 59,000 |
| Franklin, Ohio | 1 | $ 60,000 | $ 60,000 | $ 31,000 |
| Preble, Ohio | 1 | $ 56,000 | $ 56,000 | $ 61,000 |
Mortgage Loan Application Detail Totals for First Clermont Bank in 2004
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 | 446 | $56,176,000 | $101,000 | $1,152,000 | $50,000 | $306,000 |
| Refinancing | 143 | $18,296,000 | $149,666 | $635,000 | $107,666 | $397,000 |
| Home Improvement | 1 | $60,000 | $60,000 | $60,000 | $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 | 551 | $65,544,000 | $100,000 | $850,000 | $59,666 | $397,000 |
| Not applicable | 17 | $6,001,000 | $353,000 | $1,152,000 | $0 | $0 |
| Not Provided | 9 | $1,221,000 | $131,500 | $340,000 | $79,000 | $203,000 |
| Black or African American | 6 | $965,000 | $160,000 | $649,000 | $77,000 | $294,000 |
| Hispanic | 5 | $592,000 | $118,000 | $175,000 | $32,000 | $52,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $92,000 | $92,000 | $92,000 | $67,000 | $67,000 |
| Asian | 1 | $117,000 | $117,000 | $117,000 | $85,000 | $85,000 |
| 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) | 465 | $60,763,000 | $109,000 | $1,152,000 | $67,000 | $397,000 |
| FHA-insured (Federal Housing Administration) | 114 | $12,491,000 | $109,000 | $182,000 | $38,500 | $89,000 |
| VA-guaranteed (Veterans Administration) | 11 | $1,278,000 | $114,000 | $175,000 | $42,500 | $71,000 |
| 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 | 398 | $49,857,000 | $111,000 | $1,152,000 | $93,666 | $397,000 |
| Preapproval Denied by Financial Institution | 67 | $7,823,000 | $116,000 | $284,000 | $39,000 | $140,000 |
| Application Denied By Financial Institution | 64 | $8,588,000 | $95,000 | $649,000 | $48,500 | $294,000 |
| Application Withdrawn By Applicant | 34 | $4,192,000 | $107,333 | $320,000 | $47,000 | $130,000 |
| Preapproval Approved but not Accepted | 15 | $2,003,000 | $133,000 | $200,000 | $55,000 | $93,000 |
| Application Approved But Not Accepted | 9 | $1,716,000 | $213,500 | $334,000 | $90,500 | $135,000 |
| File Closed For Incompleteness | 3 | $353,000 | $117,000 | $144,000 | $47,000 | $108,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 54 | $6,765,000 | $102,333 | $390,000 | $44,666 | $119,000 |
| Credit Application Incomplete | 38 | $4,911,000 | $149,500 | $340,000 | $80,500 | $168,000 |
| Collateral | 17 | $1,860,000 | $109,000 | $280,000 | $42,000 | $189,000 |
| Debt-To-Income Ratio | 16 | $1,600,000 | $96,500 | $200,000 | $39,500 | $153,000 |
| Other | 3 | $900,000 | $244,000 | $649,000 | $97,000 | $294,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $262,000 | $131,000 | $136,000 | $19,000 | $38,000 |
| Employment History | 1 | $113,000 | $113,000 | $113,000 | $47,000 | $47,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Clermont Bank's 2004 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 Clermont 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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