First Midwest Bank Mortgage Lending & HMDA Data, 2022
In 2022, First Midwest Bank of Gurnee, IL reported 944 mortgage applications totaling $351.6 million, down 92% from 2021. The average application was for $372,468, and applicants reported an average income of $173,277. 58% of its applications resulted in an originated loan and 29% were denied. Its largest markets were Chicago-Naperville, IL (481), Lake County-Kenosha County, IL-WI (95) and Gary, IN (69) (applications in parentheses).
| Mortgage Company & Address | First Midwest Bank 300 N. Hunt Club Road Gurnee, IL 60031 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 944 |
| Total Mortgage Loan Application Amount | $351,610,000 |
| Average Mortgage Loan Application Amount | $372,468 |
| Highest Mortgage Loan Application Amount | $17,495,000 |
| Average Applicant Income | $173,277 |
| Highest Applicant Income | $3,221,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Midwest Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cook, Illinois | 311 | $ 116,275,000 | $ 373,874 | $ 185,000 |
| Will, Illinois | 91 | $ 14,955,000 | $ 164,340 | $ 124,000 |
| Lake, Illinois | 88 | $ 21,560,000 | $ 245,000 | $ 167,000 |
| Lake, Indiana | 64 | $ 9,690,000 | $ 151,406 | $ 91,000 |
| DuPage, Illinois | 51 | $ 21,435,000 | $ 420,294 | $ 308,000 |
| DeKalb, Illinois | 24 | $ 3,470,000 | $ 144,583 | $ 125,000 |
| Grundy, Illinois | 21 | $ 4,695,000 | $ 223,571 | $ 116,000 |
| Kane, Illinois | 19 | $ 4,335,000 | $ 228,157 | $ 169,000 |
| Maricopa, Arizona | 15 | $ 11,675,000 | $ 778,333 | $ 259,000 |
| Kendall, Illinois | 13 | $ 2,045,000 | $ 157,307 | $ 112,000 |
| Rock Island, Illinois | 10 | $ 560,000 | $ 56,000 | $ 47,000 |
| Scott, Iowa | 10 | $ 1,010,000 | $ 101,000 | $ 104,000 |
| Miami-Dade, Florida | 9 | $ 6,815,000 | $ 757,222 | $ 277,000 |
| McHenry, Illinois | 7 | $ 825,000 | $ 117,857 | $ 133,000 |
| Kenosha, Wisconsin | 7 | $ 875,000 | $ 125,000 | $ 82,000 |
| Milwaukee, Wisconsin | 7 | $ 9,065,000 | $ 1,295,000 | $ 149,000 |
| Broward, Florida | 6 | $ 4,860,000 | $ 810,000 | $ 237,000 |
| Henry, Illinois | 6 | $ 390,000 | $ 65,000 | $ 56,000 |
| Kankakee, Illinois | 6 | $ 890,000 | $ 148,333 | $ 111,000 |
| Douglas, Colorado | 5 | $ 3,815,000 | $ 763,000 | $ 348,000 |
| Collier, Florida | 5 | $ 4,245,000 | $ 849,000 | $ 493,000 |
| Lee, Florida | 5 | $ 2,495,000 | $ 499,000 | $ 366,000 |
| Champaign, Illinois | 5 | $ 1,095,000 | $ 219,000 | $ 84,000 |
| Knox, Illinois | 5 | $ 325,000 | $ 65,000 | $ 65,000 |
| Vermilion, Illinois | 5 | $ 485,000 | $ 97,000 | $ 43,000 |
| Porter, Indiana | 5 | $ 2,295,000 | $ 459,000 | $ 168,000 |
| Adams, Colorado | 4 | $ 2,830,000 | $ 707,500 | $ 163,000 |
| Hillsborough, Florida | 4 | $ 3,200,000 | $ 800,000 | $ 264,000 |
| Winnebago, Illinois | 4 | $ 450,000 | $ 112,500 | $ 77,000 |
| Berrien, Michigan | 4 | $ 2,240,000 | $ 560,000 | $ 570,000 |
| Waukesha, Wisconsin | 4 | $ 1,880,000 | $ 470,000 | $ 156,000 |
| Coconino, Arizona | 3 | $ 2,675,000 | $ 891,666 | $ 293,000 |
| Broomfield, Colorado | 3 | $ 2,195,000 | $ 731,666 | $ 227,000 |
| Denver, Colorado | 3 | $ 1,485,000 | $ 495,000 | $ 160,000 |
| Jefferson, Colorado | 3 | $ 1,995,000 | $ 665,000 | $ 165,000 |
| Orange, Florida | 3 | $ 2,665,000 | $ 888,333 | $ 281,000 |
| Palm Beach, Florida | 3 | $ 2,855,000 | $ 951,666 | $ 216,000 |
| Pinellas, Florida | 3 | $ 2,015,000 | $ 671,666 | $ 285,000 |
| LaSalle, Illinois | 3 | $ 125,000 | $ 41,666 | $ 62,000 |
| Madison, Alabama | 2 | $ 700,000 | $ 350,000 | $ 176,000 |
| Kern, California | 2 | $ 670,000 | $ 335,000 | $ 132,000 |
| San Bernardino, California | 2 | $ 420,000 | $ 210,000 | $ 165,000 |
| El Paso, Colorado | 2 | $ 940,000 | $ 470,000 | $ 143,000 |
| Summit, Colorado | 2 | $ 2,160,000 | $ 1,080,000 | $ 329,000 |
| Charlotte, Florida | 2 | $ 1,370,000 | $ 685,000 | $ 191,000 |
| Duval, Florida | 2 | $ 390,000 | $ 195,000 | $ 110,000 |
| Osceola, Florida | 2 | $ 590,000 | $ 295,000 | $ 140,000 |
| Sarasota, Florida | 2 | $ 1,830,000 | $ 915,000 | $ 313,000 |
| St. Johns, Florida | 2 | $ 930,000 | $ 465,000 | $ 243,000 |
| Fulton, Georgia | 2 | $ 540,000 | $ 270,000 | $ 215,000 |
| LaPorte, Indiana | 2 | $ 610,000 | $ 305,000 | $ 105,000 |
| Marion, Indiana | 2 | $ 870,000 | $ 435,000 | $ 139,000 |
| Barry, Michigan | 2 | $ 190,000 | $ 95,000 | $ 157,000 |
| Camden, Missouri | 2 | $ 430,000 | $ 215,000 | $ 115,000 |
| Mecklenburg, North Carolina | 2 | $ 660,000 | $ 330,000 | $ 157,000 |
| Collin, Texas | 2 | $ 810,000 | $ 405,000 | $ 159,000 |
| Henrico, Virginia | 2 | $ 590,000 | $ 295,000 | $ 225,000 |
| Ozaukee, Wisconsin | 2 | $ 1,410,000 | $ 705,000 | $ 501,000 |
| Racine, Wisconsin | 2 | $ 210,000 | $ 105,000 | $ 228,000 |
| Walworth, Wisconsin | 2 | $ 1,300,000 | $ 650,000 | $ 349,000 |
| Jefferson, Alabama | 1 | $ 245,000 | $ 245,000 | $ 80,000 |
| Gila, Arizona | 1 | $ 495,000 | $ 495,000 | $ 276,000 |
| Contra Costa, California | 1 | $ 405,000 | $ 405,000 | $ 114,000 |
| Los Angeles, California | 1 | $ 1,145,000 | $ 1,145,000 | $ 251,000 |
| Delta, Colorado | 1 | $ 405,000 | $ 405,000 | $ 303,000 |
| Eagle, Colorado | 1 | $ 875,000 | $ 875,000 | $ 118,000 |
| Brevard, Florida | 1 | $ 355,000 | $ 355,000 | $ 138,000 |
| Flagler, Florida | 1 | $ 225,000 | $ 225,000 | $ 59,000 |
| Manatee, Florida | 1 | $ 1,505,000 | $ 1,505,000 | $ 550,000 |
| St. Lucie, Florida | 1 | $ 155,000 | $ 155,000 | $ 39,000 |
| Walton, Florida | 1 | $ 615,000 | $ 615,000 | $ 160,000 |
| Chatham, Georgia | 1 | $ 365,000 | $ 365,000 | $ 90,000 |
| Cherokee, Georgia | 1 | $ 475,000 | $ 475,000 | $ 180,000 |
| Gilmer, Georgia | 1 | $ 215,000 | $ 215,000 | $ 49,000 |
| Gwinnett, Georgia | 1 | $ 205,000 | $ 205,000 | $ 106,000 |
| Lumpkin, Georgia | 1 | $ 215,000 | $ 215,000 | $ 37,000 |
| Wilkes, Georgia | 1 | $ 195,000 | $ 195,000 | $ 676,000 |
| Boone, Illinois | 1 | $ 15,000 | $ 15,000 | $ 60,000 |
| Douglas, Illinois | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Iroquois, Illinois | 1 | $ 85,000 | $ 85,000 | $ 124,000 |
| Ogle, Illinois | 1 | $ 405,000 | $ 405,000 | $ 133,000 |
| Peoria, Illinois | 1 | $ 75,000 | $ 75,000 | $ 77,000 |
| Sangamon, Illinois | 1 | $ 805,000 | $ 805,000 | $ 400,000 |
| Stephenson, Illinois | 1 | $ 55,000 | $ 55,000 | $ 70,000 |
| Hancock, Indiana | 1 | $ 15,000 | $ 15,000 | $ 77,000 |
| Jackson, Indiana | 1 | $ 35,000 | $ 35,000 | $ 44,000 |
| Madison, Indiana | 1 | $ 35,000 | $ 35,000 | $ 57,000 |
| Steuben, Indiana | 1 | $ 725,000 | $ 725,000 | $ 255,000 |
| Vanderburgh, Indiana | 1 | $ 215,000 | $ 215,000 | $ 144,000 |
| Des Moines, Iowa | 1 | $ 35,000 | $ 35,000 | $ 57,000 |
| Pottawatomie, Kansas | 1 | $ 325,000 | $ 325,000 | $ 100,000 |
| Jefferson, Kentucky | 1 | $ 235,000 | $ 235,000 | $ 77,000 |
| Pine, Minnesota | 1 | $ 265,000 | $ 265,000 | $ 255,000 |
| Clay, Missouri | 1 | $ 105,000 | $ 105,000 | $ 41,000 |
| Lincoln, New Mexico | 1 | $ 165,000 | $ 165,000 | $ 156,000 |
| Brunswick, North Carolina | 1 | $ 145,000 | $ 145,000 | $ 47,000 |
| Guilford, North Carolina | 1 | $ 135,000 | $ 135,000 | $ 576,000 |
| Medina, Ohio | 1 | $ 16,005,000 | $ 16,005,000 | $ 0 |
| Bucks, Pennsylvania | 1 | $ 345,000 | $ 345,000 | $ 149,000 |
| Charleston, South Carolina | 1 | $ 595,000 | $ 595,000 | $ 774,000 |
| Dorchester, South Carolina | 1 | $ 295,000 | $ 295,000 | $ 152,000 |
| Davidson, Tennessee | 1 | $ 235,000 | $ 235,000 | $ 35,000 |
| Hays, Texas | 1 | $ 345,000 | $ 345,000 | $ 209,000 |
| Hill, Texas | 1 | $ 185,000 | $ 185,000 | $ 56,000 |
| Midland, Texas | 1 | $ 45,000 | $ 45,000 | $ 196,000 |
| Wise, Texas | 1 | $ 345,000 | $ 345,000 | $ 91,000 |
| Box Elder, Utah | 1 | $ 285,000 | $ 285,000 | $ 69,000 |
| Davis, Utah | 1 | $ 155,000 | $ 155,000 | $ 187,000 |
| Norfolk, Virginia | 1 | $ 335,000 | $ 335,000 | $ 86,000 |
| Richmond City, Virginia | 1 | $ 155,000 | $ 155,000 | $ 159,000 |
| Adams, Wisconsin | 1 | $ 265,000 | $ 265,000 | $ 121,000 |
| Jefferson, Wisconsin | 1 | $ 6,005,000 | $ 6,005,000 | $ 0 |
| Price, Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 102,000 |
| Richland, Wisconsin | 1 | $ 305,000 | $ 305,000 | $ 62,000 |
| Sauk, Wisconsin | 1 | $ 505,000 | $ 505,000 | $ 165,000 |
| Vilas, Wisconsin | 1 | $ 185,000 | $ 185,000 | $ 306,000 |
| Washington, Wisconsin | 1 | $ 845,000 | $ 845,000 | $ 209,000 |
Mortgage Loan Application Detail Totals for First Midwest Bank in 2022
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 | 280 | $152,740,000 | $545,000 | $17,495,000 | $211,000 | $2,371,000 |
| Refinancing | 245 | $126,115,000 | $514,000 | $16,005,000 | $154,000 | $1,804,000 |
| Home Improvement | 162 | $17,360,000 | $107,000 | $1,285,000 | $140,000 | $1,677,000 |
| Other Purpose | 158 | $21,160,000 | $133,000 | $1,005,000 | $175,000 | $3,221,000 |
| Cash-out Refinancing | 99 | $34,235,000 | $345,000 | $1,785,000 | $166,000 | $1,929,000 |
| 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 | 576 | $178,560,000 | $310,000 | $3,005,000 | $184,000 | $2,371,000 |
| Hispanic | 126 | $24,300,000 | $192,000 | $1,285,000 | $96,000 | $455,000 |
| Not Provided | 108 | $33,650,000 | $311,000 | $1,465,000 | $226,000 | $3,221,000 |
| Black or African American | 50 | $5,760,000 | $115,000 | $935,000 | $82,000 | $299,000 |
| Not applicable | 42 | $93,640,000 | $2,229,000 | $17,495,000 | $0 | $0 |
| Asian | 36 | $14,540,000 | $403,000 | $1,305,000 | $265,000 | $1,804,000 |
| American Indian or Alaskan Native | 2 | $880,000 | $440,000 | $805,000 | $191,000 | $360,000 |
| 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) | 922 | $346,150,000 | $375,000 | $17,495,000 | $177,000 | $3,221,000 |
| FHA-insured (Federal Housing Administration) | 15 | $3,225,000 | $215,000 | $375,000 | $64,000 | $174,000 |
| VA-guaranteed (Veterans Administration) | 7 | $2,235,000 | $319,000 | $395,000 | $75,000 | $124,000 |
| 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 | 552 | $212,370,000 | $384,000 | $7,455,000 | $199,000 | $3,221,000 |
| Application Denied By Financial Institution | 270 | $68,040,000 | $252,000 | $16,005,000 | $119,000 | $1,417,000 |
| Application Withdrawn By Applicant | 112 | $68,590,000 | $612,000 | $17,495,000 | $199,000 | $1,211,000 |
| Application Approved But Not Accepted | 10 | $2,610,000 | $261,000 | $995,000 | $132,000 | $452,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 674 | $283,570,000 | $420,000 | $17,495,000 | $198,000 | $3,221,000 |
| Credit Application Incomplete | 72 | $20,770,000 | $288,000 | $1,335,000 | $146,000 | $664,000 |
| Debt-To-Income Ratio | 71 | $13,325,000 | $187,000 | $1,165,000 | $77,000 | $312,000 |
| Collateral | 55 | $8,515,000 | $154,000 | $1,685,000 | $161,000 | $1,417,000 |
| Credit History | 54 | $21,420,000 | $396,000 | $16,005,000 | $89,000 | $300,000 |
| Other | 14 | $3,390,000 | $242,000 | $1,605,000 | $156,000 | $480,000 |
| Unverifiable Information | 2 | $280,000 | $140,000 | $185,000 | $83,000 | $110,000 |
| Employment History | 2 | $340,000 | $170,000 | $215,000 | $18,000 | $36,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Midwest Bank's 2022 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 Midwest 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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