First-Knox National Bank Mortgage Lending & HMDA Data, 2005
In 2005, First-Knox National Bank of Mount Vernon, OH reported 834 mortgage applications totaling $72.8 million, up 4% from 2004. The average application was for $87,255, and applicants reported an average income of $55,949. 86% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Columbus, OH (115), Mansfield, OH (82) and Cleveland-Elyria-Mentor, OH (13) (applications in parentheses).
| Mortgage Company & Address | First-Knox National Bank 1 South Main Street Mount Vernon, OH 43050 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 834 |
| Total Mortgage Loan Application Amount | $72,771,000 |
| Average Mortgage Loan Application Amount | $87,255 |
| Highest Mortgage Loan Application Amount | $964,000 |
| Average Applicant Income | $55,949 |
| Highest Applicant Income | $900,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First-Knox National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Knox, Ohio | 398 | $ 37,987,000 | $ 95,444 | $ 56,000 |
| Ashland, Ohio | 139 | $ 11,287,000 | $ 81,201 | $ 41,000 |
| Morrow, Ohio | 85 | $ 6,455,000 | $ 75,941 | $ 44,000 |
| Richland, Ohio | 82 | $ 5,887,000 | $ 71,792 | $ 47,000 |
| Holmes, Ohio | 42 | $ 2,757,000 | $ 65,642 | $ 43,000 |
| Wayne, Ohio | 21 | $ 1,589,000 | $ 75,666 | $ 66,000 |
| Licking, Ohio | 16 | $ 1,695,000 | $ 105,937 | $ 64,000 |
| Delaware, Ohio | 12 | $ 1,710,000 | $ 142,500 | $ 69,000 |
| Cuyahoga, Ohio | 8 | $ 186,000 | $ 23,250 | $ 67,000 |
| Coshocton, Ohio | 6 | $ 472,000 | $ 78,666 | $ 50,000 |
| Huron, Ohio | 5 | $ 337,000 | $ 67,400 | $ 110,000 |
| Lorain, Ohio | 3 | $ 27,000 | $ 9,000 | $ 30,000 |
| Franklin, Ohio | 2 | $ 378,000 | $ 189,000 | $ 77,000 |
| Medina, Ohio | 2 | $ 236,000 | $ 118,000 | $ 43,000 |
| Tuscarawas, Ohio | 2 | $ 299,000 | $ 149,500 | $ 93,000 |
| Fulton, Georgia | 1 | $ 129,000 | $ 129,000 | $ 22,000 |
| Crawford, Ohio | 1 | $ 71,000 | $ 71,000 | $ 58,000 |
| Erie, Ohio | 1 | $ 36,000 | $ 36,000 | $ 103,000 |
| Logan, Ohio | 1 | $ 135,000 | $ 135,000 | $ 89,000 |
| Marion, Ohio | 1 | $ 94,000 | $ 94,000 | $ 33,000 |
| Morgan, Ohio | 1 | $ 270,000 | $ 270,000 | $ 60,000 |
| Portage, Ohio | 1 | $ 60,000 | $ 60,000 | $ 110,000 |
| Stark, Ohio | 1 | $ 180,000 | $ 180,000 | $ 56,000 |
| Summit, Ohio | 1 | $ 5,000 | $ 5,000 | $ 54,000 |
| Horry, South Carolina | 1 | $ 159,000 | $ 159,000 | $ 900,000 |
| Raleigh, West Virginia | 1 | $ 330,000 | $ 330,000 | $ 209,000 |
Mortgage Loan Application Detail Totals for First-Knox National Bank in 2005
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 | 440 | $46,738,000 | $106,000 | $964,000 | $52,000 | $323,000 |
| Home Purchase | 274 | $24,043,000 | $176,000 | $450,000 | $298,000 | $900,000 |
| Home Improvement | 120 | $1,990,000 | $16,000 | $116,000 | $51,000 | $480,000 |
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 | 815 | $70,260,000 | $175,750 | $964,000 | $296,500 | $900,000 |
| Not applicable | 7 | $945,000 | $135,000 | $400,000 | $0 | $0 |
| Black or African American | 5 | $784,000 | $156,000 | $333,000 | $71,000 | $135,000 |
| Hispanic | 4 | $250,000 | $62,000 | $102,000 | $43,000 | $50,000 |
| Asian | 2 | $452,000 | $226,000 | $252,000 | $178,000 | $256,000 |
| Not Provided | 1 | $80,000 | $80,000 | $80,000 | $55,000 | $55,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 834 | $72,771,000 | $176,000 | $964,000 | $296,750 | $900,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 721 | $63,053,000 | $176,000 | $964,000 | $298,750 | $900,000 |
| Application Denied By Financial Institution | 69 | $5,677,000 | $82,000 | $296,000 | $39,000 | $132,000 |
| Application Withdrawn By Applicant | 44 | $4,041,000 | $91,000 | $270,000 | $51,000 | $121,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 28 | $2,746,000 | $98,000 | $296,000 | $40,000 | $107,000 |
| Debt-To-Income Ratio | 28 | $1,833,000 | $65,000 | $167,000 | $40,000 | $132,000 |
| Collateral | 8 | $681,000 | $85,000 | $170,000 | $36,000 | $72,000 |
| Other | 2 | $104,000 | $52,000 | $84,000 | $19,000 | $25,000 |
| Employment History | 2 | $173,000 | $86,000 | $90,000 | $29,000 | $33,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $140,000 | $140,000 | $140,000 | $61,000 | $61,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First-Knox National Bank's 2005 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-Knox National 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.
For a list of all lenders in Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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