First-Knox National Bank Mortgage Lending & HMDA Data, 2004
In 2004, First-Knox National Bank of Mount Vernon, OH reported 805 mortgage applications totaling $71.6 million, down 45% from 2003. The average application was for $88,918, and applicants reported an average income of $98,002. 88% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Columbus, OH (85), Mansfield, OH (80) and Cleveland-Elyria-Mentor, OH (2) (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 | 805 |
| Total Mortgage Loan Application Amount | $71,579,000 |
| Average Mortgage Loan Application Amount | $88,918 |
| Highest Mortgage Loan Application Amount | $864,000 |
| Average Applicant Income | $98,002 |
| Highest Applicant Income | $9,999,000 |
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(HMDA) records First-Knox National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First-Knox National 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 |
|---|---|---|---|---|---|---|
| Refinancing | 467 | $49,288,000 | $105,000 | $864,000 | $128,000 | $9,999,000 |
| Home Purchase | 266 | $20,627,000 | $77,000 | $425,000 | $54,000 | $1,697,000 |
| Home Improvement | 72 | $1,664,000 | $23,000 | $289,000 | $66,000 | $235,000 |
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 | 788 | $70,481,000 | $89,000 | $864,000 | $58,000 | $1,697,000 |
| Not applicable | 7 | $420,000 | $60,000 | $180,000 | $1,668,000 | $9,999,000 |
| Not Provided | 3 | $144,000 | $48,000 | $87,000 | $48,000 | $50,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $251,000 | $125,000 | $126,000 | $60,000 | $74,000 |
| American Indian or Alaskan Native | 2 | $134,000 | $67,000 | $89,000 | $24,000 | $25,000 |
| Asian | 1 | $45,000 | $45,000 | $45,000 | $54,000 | $54,000 |
| Black or African American | 1 | $72,000 | $72,000 | $72,000 | $36,000 | $36,000 |
| Hispanic | 1 | $32,000 | $32,000 | $32,000 | $33,000 | $33,000 |
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) | 801 | $71,198,000 | $88,000 | $864,000 | $89,000 | $9,999,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $201,000 | $67,000 | $73,000 | $31,000 | $34,000 |
| VA-guaranteed (Veterans Administration) | 1 | $180,000 | $180,000 | $180,000 | $49,000 | $49,000 |
| FHA-insured (Federal Housing 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 | 710 | $63,064,000 | $88,000 | $864,000 | $117,000 | $9,999,000 |
| Application Withdrawn By Applicant | 50 | $4,442,000 | $88,000 | $216,000 | $44,000 | $158,000 |
| Application Denied By Financial Institution | 44 | $4,042,000 | $91,000 | $330,000 | $42,000 | $109,000 |
| File Closed For Incompleteness | 1 | $31,000 | $31,000 | $31,000 | $112,000 | $112,000 |
| 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 | 20 | $1,349,000 | $67,000 | $164,000 | $36,000 | $65,000 |
| Debt-To-Income Ratio | 15 | $1,923,000 | $128,000 | $330,000 | $46,000 | $109,000 |
| Employment History | 2 | $215,000 | $107,000 | $155,000 | $56,000 | $77,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $185,000 | $92,000 | $134,000 | $39,000 | $50,000 |
| Collateral | 2 | $166,000 | $83,000 | $115,000 | $60,000 | $79,000 |
| Credit Application Incomplete | 1 | $80,000 | $80,000 | $80,000 | $28,000 | $28,000 |
| Other | 1 | $45,000 | $45,000 | $45,000 | $54,000 | $54,000 |
| Unverifiable Information | 1 | $79,000 | $79,000 | $79,000 | $32,000 | $32,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First-Knox National 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-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.
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