First Federal Savings Bank Ia Mortgage Lending & HMDA Data, 2011
In 2011, First Federal Savings Bank Ia of Fort Dodge, IA reported 1,384 mortgage applications totaling $138.7 million. The average application was for $100,187, and applicants reported an average income of $62,640. 53% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Des Moines-West Des Moines, IA (233), Ames, IA (110) and Iowa City, IA (2) (applications in parentheses).
| Mortgage Company & Address | First Federal Savings Bank Ia 825 Central Ave Fort Dodge, IA 50501 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 |
| Total Number of Mortgage Applications | 1,384 |
| Total Mortgage Loan Application Amount | $138,659,000 |
| Average Mortgage Loan Application Amount | $100,187 |
| Highest Mortgage Loan Application Amount | $2,082,000 |
| Average Applicant Income | $62,640 |
| Highest Applicant Income | $490,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal Savings Bank Ia filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Des Moines, Iowa | 293 | $ 23,736,000 | $ 81,010 | $ 60,000 |
| Webster, Iowa | 247 | $ 18,728,000 | $ 75,821 | $ 62,000 |
| Polk, Iowa | 142 | $ 22,536,000 | $ 158,704 | $ 84,000 |
| Story, Iowa | 110 | $ 10,837,000 | $ 98,518 | $ 74,000 |
| Dallas, Iowa | 78 | $ 12,887,000 | $ 165,217 | $ 87,000 |
| Henry, Iowa | 62 | $ 5,027,000 | $ 81,080 | $ 67,000 |
| Boone, Iowa | 17 | $ 1,845,000 | $ 108,529 | $ 70,000 |
| Henderson, Illinois | 15 | $ 1,164,000 | $ 77,600 | $ 54,000 |
| Lee, Iowa | 12 | $ 1,213,000 | $ 101,083 | $ 44,000 |
| Humboldt, Iowa | 11 | $ 605,000 | $ 55,000 | $ 44,000 |
| Calhoun, Iowa | 8 | $ 709,000 | $ 88,625 | $ 56,000 |
| Guthrie, Iowa | 7 | $ 1,030,000 | $ 147,142 | $ 55,000 |
| Hamilton, Iowa | 4 | $ 251,000 | $ 62,750 | $ 38,000 |
| Hancock, Illinois | 3 | $ 308,000 | $ 102,666 | $ 82,000 |
| Louisa, Iowa | 3 | $ 215,000 | $ 71,666 | $ 63,000 |
| Madison, Iowa | 3 | $ 845,000 | $ 281,666 | $ 110,000 |
| Warren, Iowa | 3 | $ 1,379,000 | $ 459,666 | $ 52,000 |
| Dickinson, Iowa | 2 | $ 301,000 | $ 150,500 | $ 96,000 |
| Greene, Iowa | 2 | $ 28,000 | $ 14,000 | $ 43,000 |
| Jefferson, Iowa | 2 | $ 123,000 | $ 61,500 | $ 38,000 |
| Marion, Iowa | 2 | $ 186,000 | $ 93,000 | $ 78,000 |
| Ringgold, Iowa | 2 | $ 407,000 | $ 203,500 | $ 183,000 |
| Washington, Iowa | 2 | $ 160,000 | $ 80,000 | $ 57,000 |
| El Paso, Colorado | 1 | $ 2,082,000 | $ 2,082,000 | $ 0 |
| Clarke, Iowa | 1 | $ 131,000 | $ 131,000 | $ 68,000 |
| Hardin, Iowa | 1 | $ 4,000 | $ 4,000 | $ 36,000 |
| Kossuth, Iowa | 1 | $ 95,000 | $ 95,000 | $ 136,000 |
| Pocahontas, Iowa | 1 | $ 98,000 | $ 98,000 | $ 70,000 |
| Scott, Iowa | 1 | $ 207,000 | $ 207,000 | $ 94,000 |
| Van Buren, Iowa | 1 | $ 25,000 | $ 25,000 | $ 83,000 |
| Wapello, Iowa | 1 | $ 151,000 | $ 151,000 | $ 76,000 |
| Winneshiek, Iowa | 1 | $ 26,000 | $ 26,000 | $ 84,000 |
| Wright, Iowa | 1 | $ 56,000 | $ 56,000 | $ 32,000 |
| Hennepin, Minnesota | 1 | $ 147,000 | $ 147,000 | $ 45,000 |
| Le Sueur, Minnesota | 1 | $ 200,000 | $ 200,000 | $ 110,000 |
| Dakota, Nebraska | 1 | $ 170,000 | $ 170,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for First Federal Savings Bank Ia in 2011
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 | 705 | $72,292,000 | $102,000 | $1,000,000 | $71,000 | $396,000 |
| Home Purchase | 605 | $62,404,000 | $103,000 | $2,082,000 | $52,000 | $490,000 |
| Home Improvement | 74 | $3,963,000 | $53,000 | $244,000 | $70,000 | $215,000 |
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 | 1,296 | $124,541,000 | $96,000 | $814,000 | $63,000 | $490,000 |
| Hispanic | 30 | $2,845,000 | $94,000 | $365,000 | $74,000 | $396,000 |
| Not Provided | 16 | $1,528,000 | $95,000 | $276,000 | $50,000 | $150,000 |
| Asian | 15 | $2,000,000 | $133,000 | $482,000 | $55,000 | $160,000 |
| Black or African American | 15 | $1,369,000 | $91,000 | $185,000 | $50,000 | $105,000 |
| Not applicable | 10 | $6,196,000 | $619,000 | $2,082,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $78,000 | $78,000 | $78,000 | $24,000 | $24,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $102,000 | $102,000 | $102,000 | $67,000 | $67,000 |
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) | 1,105 | $114,957,000 | $104,000 | $2,082,000 | $69,000 | $490,000 |
| FHA-insured (Federal Housing Administration) | 227 | $17,960,000 | $79,000 | $250,000 | $36,000 | $118,000 |
| VA-guaranteed (Veterans Administration) | 52 | $5,742,000 | $110,000 | $382,000 | $48,000 | $144,000 |
| 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 | 730 | $74,135,000 | $101,000 | $2,082,000 | $71,000 | $396,000 |
| Preapproval Denied by Financial Institution | 207 | $15,744,000 | $76,000 | $333,000 | $40,000 | $490,000 |
| Application Denied By Financial Institution | 139 | $12,661,000 | $91,000 | $262,000 | $46,000 | $170,000 |
| Preapproval Approved but not Accepted | 133 | $14,905,000 | $112,000 | $482,000 | $60,000 | $276,000 |
| Application Withdrawn By Applicant | 128 | $16,115,000 | $125,000 | $814,000 | $71,000 | $360,000 |
| Application Approved But Not Accepted | 27 | $2,885,000 | $106,000 | $312,000 | $86,000 | $253,000 |
| File Closed For Incompleteness | 20 | $2,214,000 | $110,000 | $300,000 | $60,000 | $136,000 |
| 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 | 197 | $13,767,000 | $69,000 | $238,000 | $36,000 | $170,000 |
| Debt-To-Income Ratio | 78 | $8,128,000 | $104,000 | $333,000 | $48,000 | $490,000 |
| Other | 12 | $735,000 | $61,000 | $114,000 | $38,000 | $65,000 |
| Collateral | 9 | $873,000 | $97,000 | $178,000 | $58,000 | $92,000 |
| Unverifiable Information | 7 | $752,000 | $107,000 | $182,000 | $48,000 | $92,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $488,000 | $81,000 | $145,000 | $57,000 | $120,000 |
| Employment History | 5 | $278,000 | $55,000 | $97,000 | $26,000 | $64,000 |
| Mortgage Insurance Denied | 1 | $59,000 | $59,000 | $59,000 | $46,000 | $46,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal Savings Bank Ia's 2011 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 Federal Savings Bank Ia'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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