First Midwest Bank Mortgage Lending & HMDA Data, 2018

In 2018, First Midwest Bank of Gurnee, IL reported 9,572 mortgage applications totaling $1.6 billion, up 9% from 2017. The average application was for $169,549, and applicants reported an average income of $122,756. 46% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (5,216), Gary, IN (892) and Lake County-Kenosha County, IL-WI (780) (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 9,572
Total Mortgage Loan Application Amount $1,622,930,000
Average Mortgage Loan Application Amount $169,549
Highest Mortgage Loan Application Amount $30,005,000
Average Applicant Income $122,756
Highest Applicant Income $7,374,000

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Act (HMDA) records First Midwest Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for First Midwest Bank by Metropolitan Area in 2018

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Chicago-Naperville-Arlington Heights, IL 5,216 $ 952,520,000 $ 182,615 $ 125,000
Gary, IN 892 $ 102,100,000 $ 114,461 $ 91,000
Lake County-Kenosha County, IL-WI 780 $ 115,180,000 $ 147,666 $ 120,741
Elgin, IL 494 $ 76,420,000 $ 154,696 $ 111,000
Outside any metro area 288 $ 37,090,000 $ 128,784 $ 130,564
Davenport-Moline-Rock Island, IA-IL 150 $ 17,510,000 $ 116,733 $ 87,480
Oakland-Hayward-Berkeley, CA 116 $ 15,090,000 $ 130,086 $ 167,000
Los Angeles-Long Beach-Glendale, CA 115 $ 17,305,000 $ 150,478 $ 150,000
Danville, IL 102 $ 7,070,000 $ 69,313 $ 75,000
Riverside-San Bernardino-Ontario, CA 84 $ 11,420,000 $ 135,952 $ 923,000
Seattle-Bellevue-Everett, WA 70 $ 14,910,000 $ 213,000 $ 0
Portland-Vancouver-Hillsboro, OR-WA 65 $ 7,495,000 $ 115,307 $ 0
Phoenix-Mesa-Scottsdale, AZ 63 $ 11,875,000 $ 188,492 $ 224,000
Anaheim-Santa Ana-Irvine, CA 62 $ 10,130,000 $ 163,387 $ 0
Denver-Aurora-Lakewood, CO 55 $ 10,655,000 $ 193,727 $ 197,000
San Diego-Carlsbad, CA 54 $ 8,820,000 $ 163,333 $ 865,000
San Jose-Sunnyvale-Santa Clara, CA 54 $ 7,590,000 $ 140,555 $ 0
Kankakee, IL 43 $ 4,975,000 $ 115,697 $ 89,000
Atlanta-Sandy Springs-Roswell, GA 42 $ 11,360,000 $ 270,476 $ 175,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 33 $ 4,655,000 $ 141,060 $ 108,000
Sacramento--Roseville--Arden-Arcade, CA 31 $ 2,865,000 $ 92,419 $ 0
Stockton-Lodi, CA 30 $ 3,550,000 $ 118,333 $ 0
Vallejo-Fairfield, CA 28 $ 2,570,000 $ 91,785 $ 0
Indianapolis-Carmel-Anderson, IN 24 $ 2,050,000 $ 85,416 $ 146,000
Miami-Miami Beach-Kendall, FL 24 $ 3,670,000 $ 152,916 $ 461,000
Champaign-Urbana, IL 22 $ 6,740,000 $ 306,363 $ 80,000
New York-Jersey City-White Plains, NY-NJ 20 $ 4,820,000 $ 241,000 $ 0
Orlando-Kissimmee-Sanford, FL 20 $ 2,970,000 $ 148,500 $ 150,000
Tampa-St. Petersburg-Clearwater, FL 20 $ 4,040,000 $ 202,000 $ 124,000
Oxnard-Thousand Oaks-Ventura, CA 19 $ 2,365,000 $ 124,473 $ 258,000
Las Vegas-Henderson-Paradise, NV 18 $ 2,570,000 $ 142,777 $ 0
Montgomery County-Bucks County-Chester County, PA 17 $ 1,175,000 $ 69,117 $ 0
Bridgeport-Stamford-Norwalk, CT 16 $ 1,620,000 $ 101,250 $ 0
West Palm Beach-Boca Raton-Delray Beach, FL 16 $ 2,210,000 $ 138,125 $ 272,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 15 $ 1,965,000 $ 131,000 $ 0
San Rafael, CA 14 $ 4,920,000 $ 351,428 $ 731,000
Warren-Troy-Farmington Hills, MI 14 $ 5,880,000 $ 420,000 $ 115,000
Provo-Orem, UT 12 $ 1,160,000 $ 96,666 $ 0
Rockford, IL 12 $ 1,160,000 $ 96,666 $ 59,000
Naples-Immokalee-Marco Island, FL 11 $ 8,135,000 $ 739,545 $ 1,169,000
Newark, NJ-PA 11 $ 995,000 $ 90,454 $ 0
Milwaukee-Waukesha-West Allis, WI 10 $ 1,600,000 $ 160,000 $ 118,000
Philadelphia, PA 10 $ 790,000 $ 79,000 $ 0
Santa Cruz-Watsonville, CA 10 $ 1,000,000 $ 100,000 $ 0
Santa Rosa, CA 10 $ 2,410,000 $ 241,000 $ 0
Jacksonville, FL 9 $ 1,585,000 $ 176,111 $ 0
San Francisco-Redwood City-South San Francisco, CA 9 $ 1,045,000 $ 116,111 $ 0
Cape Coral-Fort Myers, FL 8 $ 5,480,000 $ 685,000 $ 1,528,000
Nassau County-Suffolk County, NY 8 $ 1,310,000 $ 163,750 $ 0
Niles-Benton Harbor, MI 8 $ 1,580,000 $ 197,500 $ 327,000
Ogden-Clearfield, UT 8 $ 1,240,000 $ 155,000 $ 0
Peoria, IL 8 $ 790,000 $ 98,750 $ 83,000
Salt Lake City, UT 8 $ 1,400,000 $ 175,000 $ 0
St. Louis, MO-IL 8 $ 3,710,000 $ 463,750 $ 89,500
Dallas-Plano-Irving, TX 7 $ 4,395,000 $ 627,857 $ 0
Kansas City, MO-KS 7 $ 1,245,000 $ 177,857 $ 60,000
Minneapolis-St. Paul-Bloomington, MN-WI 7 $ 3,645,000 $ 520,714 $ 0
New Haven-Milford, CT 7 $ 535,000 $ 76,428 $ 0
Raleigh, NC 7 $ 785,000 $ 112,142 $ 0
Salinas, CA 7 $ 865,000 $ 123,571 $ 0
Boulder, CO 6 $ 1,620,000 $ 270,000 $ 72,000
Bremerton-Silverdale, WA 6 $ 540,000 $ 90,000 $ 0
Charlotte-Concord-Gastonia, NC-SC 6 $ 1,490,000 $ 248,333 $ 0
Colorado Springs, CO 6 $ 1,150,000 $ 191,666 $ 0
South Bend-Mishawaka, IN-MI 6 $ 1,100,000 $ 183,333 $ 257,000
Baltimore-Columbia-Towson, MD 5 $ 905,000 $ 181,000 $ 0
Bloomington, IL 5 $ 1,355,000 $ 271,000 $ 163,000
Cleveland-Elyria, OH 5 $ 1,885,000 $ 377,000 $ 0
North Port-Sarasota-Bradenton, FL 5 $ 515,000 $ 103,000 $ 108,000
Racine, WI 5 $ 2,345,000 $ 469,000 $ 76,000
Albuquerque, NM 4 $ 1,390,000 $ 347,500 $ 0
Bend-Redmond, OR 4 $ 550,000 $ 137,500 $ 0
Fresno, CA 4 $ 660,000 $ 165,000 $ 0
Kalamazoo-Portage, MI 4 $ 800,000 $ 200,000 $ 168,000
Port St. Lucie, FL 4 $ 540,000 $ 135,000 $ 141,000
San Luis Obispo-Paso Robles-Arroyo Grande, CA 4 $ 1,320,000 $ 330,000 $ 180,000
Santa Maria-Santa Barbara, CA 4 $ 590,000 $ 147,500 $ 0
Terre Haute, IN 4 $ 350,000 $ 87,500 $ 87,000
Tucson, AZ 4 $ 310,000 $ 77,500 $ 0
Boise City, ID 3 $ 735,000 $ 245,000 $ 0
Boston, MA 3 $ 1,575,000 $ 525,000 $ 185,000
Charleston-North Charleston, SC 3 $ 615,000 $ 205,000 $ 0
Columbus, OH 3 $ 5,525,000 $ 1,841,666 $ 0
Des Moines-West Des Moines, IA 3 $ 705,000 $ 235,000 $ 92,000
Fort Collins, CO 3 $ 1,105,000 $ 368,333 $ 0
Fort Wayne, IN 3 $ 365,000 $ 121,666 $ 108,000
Fort Worth-Arlington, TX 3 $ 1,665,000 $ 555,000 $ 0
Greeley, CO 3 $ 675,000 $ 225,000 $ 0
Hartford-West Hartford-East Hartford, CT 3 $ 335,000 $ 111,666 $ 0
Michigan City-La Porte, IN 3 $ 425,000 $ 141,666 $ 276,000
Pittsburgh, PA 3 $ 265,000 $ 88,333 $ 0
Providence-Warwick, RI-MA 3 $ 235,000 $ 78,333 $ 0
Reno, NV 3 $ 375,000 $ 125,000 $ 0
Silver Spring-Frederick-Rockville, MD 3 $ 695,000 $ 231,666 $ 0
Tacoma-Lakewood, WA 3 $ 275,000 $ 91,666 $ 0
Bellingham, WA 2 $ 190,000 $ 95,000 $ 0
Burlington-South Burlington, VT 2 $ 190,000 $ 95,000 $ 0
Camden, NJ 2 $ 220,000 $ 110,000 $ 0
Cincinnati, OH-KY-IN 2 $ 1,130,000 $ 565,000 $ 0
Deltona-Daytona Beach-Ormond Beach, FL 2 $ 150,000 $ 75,000 $ 139,000
Detroit-Dearborn-Livonia, MI 2 $ 800,000 $ 400,000 $ 89,000
Flint, MI 2 $ 210,000 $ 105,000 $ 30,000
Grand Junction, CO 2 $ 310,000 $ 155,000 $ 175,000
Grand Rapids-Wyoming, MI 2 $ 460,000 $ 230,000 $ 91,000
Harrisburg-Carlisle, PA 2 $ 210,000 $ 105,000 $ 106,000
Houston-The Woodlands-Sugar Land, TX 2 $ 1,120,000 $ 560,000 $ 0
Kennewick-Richland, WA 2 $ 150,000 $ 75,000 $ 0
Lakeland-Winter Haven, FL 2 $ 120,000 $ 60,000 $ 112,000
Louisville/Jefferson County, KY-IN 2 $ 14,660,000 $ 7,330,000 $ 0
Madison, WI 2 $ 950,000 $ 475,000 $ 34,000
Medford, OR 2 $ 280,000 $ 140,000 $ 0
Modesto, CA 2 $ 140,000 $ 70,000 $ 0
Nashville-Davidson--Murfreesboro--Franklin, TN 2 $ 650,000 $ 325,000 $ 48,000
Olympia-Tumwater, WA 2 $ 290,000 $ 145,000 $ 0
Palm Bay-Melbourne-Titusville, FL 2 $ 370,000 $ 185,000 $ 46,000
Rockingham County-Strafford County, NH 2 $ 140,000 $ 70,000 $ 0
Salem, OR 2 $ 110,000 $ 55,000 $ 0
Santa Fe, NM 2 $ 470,000 $ 235,000 $ 0
Sioux City, IA-NE-SD 2 $ 260,000 $ 130,000 $ 95,000
Springfield, IL 2 $ 240,000 $ 120,000 $ 49,000
Virginia Beach-Norfolk-Newport News, VA-NC 2 $ 350,000 $ 175,000 $ 0
Visalia-Porterville, CA 2 $ 110,000 $ 55,000 $ 0
Abilene, TX 1 $ 625,000 $ 625,000 $ 0
Akron, OH 1 $ 55,000 $ 55,000 $ 0
Albany, OR 1 $ 175,000 $ 175,000 $ 0
Allentown-Bethlehem-Easton, PA-NJ 1 $ 125,000 $ 125,000 $ 0
Ames, IA 1 $ 195,000 $ 195,000 $ 197,000
Ann Arbor, MI 1 $ 45,000 $ 45,000 $ 0
Auburn-Opelika, AL 1 $ 595,000 $ 595,000 $ 0
Augusta-Richmond County, GA-SC 1 $ 495,000 $ 495,000 $ 0
Austin-Round Rock, TX 1 $ 605,000 $ 605,000 $ 0
Bakersfield, CA 1 $ 125,000 $ 125,000 $ 0
Bloomington, IN 1 $ 165,000 $ 165,000 $ 34,000
Cambridge-Newton-Framingham, MA 1 $ 505,000 $ 505,000 $ 0
Carbondale-Marion, IL 1 $ 35,000 $ 35,000 $ 26,000
Chico, CA 1 $ 95,000 $ 95,000 $ 0
Corvallis, OR 1 $ 145,000 $ 145,000 $ 0
Crestview-Fort Walton Beach-Destin, FL 1 $ 1,405,000 $ 1,405,000 $ 1,111,000
Dayton, OH 1 $ 595,000 $ 595,000 $ 0
Durham-Chapel Hill, NC 1 $ 185,000 $ 185,000 $ 0
Eugene, OR 1 $ 895,000 $ 895,000 $ 0
Flagstaff, AZ 1 $ 75,000 $ 75,000 $ 0
Greensboro-High Point, NC 1 $ 85,000 $ 85,000 $ 0
Greenville-Anderson-Mauldin, SC 1 $ 515,000 $ 515,000 $ 0
Janesville-Beloit, WI 1 $ 65,000 $ 65,000 $ 0
Kingsport-Bristol-Bristol, TN-VA 1 $ 905,000 $ 905,000 $ 414,000
Kingston, NY 1 $ 85,000 $ 85,000 $ 0
Kokomo, IN 1 $ 25,000 $ 25,000 $ 83,000
Lafayette-West Lafayette, IN 1 $ 225,000 $ 225,000 $ 0
Lake Havasu City-Kingman, AZ 1 $ 505,000 $ 505,000 $ 0
Lancaster, PA 1 $ 55,000 $ 55,000 $ 0
Lansing-East Lansing, MI 1 $ 135,000 $ 135,000 $ 0
Lawrence, KS 1 $ 125,000 $ 125,000 $ 0
Longview, WA 1 $ 65,000 $ 65,000 $ 0
Merced, CA 1 $ 145,000 $ 145,000 $ 0
Mount Vernon-Anacortes, WA 1 $ 55,000 $ 55,000 $ 0
Napa, CA 1 $ 125,000 $ 125,000 $ 0
New Orleans-Metairie, LA 1 $ 1,335,000 $ 1,335,000 $ 0
Punta Gorda, FL 1 $ 205,000 $ 205,000 $ 352,000
Redding, CA 1 $ 225,000 $ 225,000 $ 0
Richmond, VA 1 $ 705,000 $ 705,000 $ 0
Salisbury, MD-DE 1 $ 515,000 $ 515,000 $ 0
San Antonio-New Braunfels, TX 1 $ 625,000 $ 625,000 $ 0
Sheboygan, WI 1 $ 305,000 $ 305,000 $ 142,000
Spokane-Spokane Valley, WA 1 $ 165,000 $ 165,000 $ 0
Trenton, NJ 1 $ 45,000 $ 45,000 $ 0
Urban Honolulu, HI 1 $ 1,395,000 $ 1,395,000 $ 0
Wausau, WI 1 $ 35,000 $ 35,000 $ 38,000
Wenatchee, WA 1 $ 515,000 $ 515,000 $ 0
Wilmington, DE-MD-NJ 1 $ 55,000 $ 55,000 $ 0
Winchester, VA-WV 1 $ 75,000 $ 75,000 $ 75,000
Yakima, WA 1 $ 135,000 $ 135,000 $ 0
Yuba City, CA 1 $ 65,000 $ 65,000 $ 0

Mortgage Loan Application Detail Totals for First Midwest Bank in 2018

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 2,351 $638,445,000 $271,000 $30,005,000 $127,000 $7,374,000
Other Purpose 2,318 $177,850,000 $76,000 $1,505,000 $113,000 $4,808,000
Refinancing 2,181 $467,665,000 $214,000 $14,045,000 $130,000 $3,904,000
Not Applicable 1,093 $118,045,000 $108,000 $905,000 $0 $0
Home Improvement 1,064 $77,300,000 $72,000 $5,005,000 $117,000 $1,754,000
Cash-out Refinancing 565 $143,625,000 $254,000 $2,995,000 $128,000 $2,136,000

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 5,039 $746,345,000 $148,000 $4,005,000 $127,000 $3,904,000
Not applicable 1,810 $557,000,000 $307,000 $30,005,000 $0 $0
Hispanic 1,101 $117,445,000 $106,000 $1,495,000 $74,000 $623,000
Not Provided 812 $108,690,000 $133,000 $2,875,000 $180,000 $7,374,000
Black or African American 574 $45,880,000 $79,000 $875,000 $83,000 $1,435,000
Asian 191 $42,115,000 $220,000 $1,425,000 $169,000 $1,586,000
American Indian or Alaskan Native 20 $850,000 $42,000 $125,000 $57,000 $150,000
Native Hawaiian or Other Pacific Islander 8 $2,880,000 $360,000 $945,000 $147,000 $278,000

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) 9,133 $1,556,505,000 $170,000 $30,005,000 $126,000 $7,374,000
FHA-insured (Federal Housing Administration) 364 $54,080,000 $148,000 $375,000 $60,000 $243,000
VA-guaranteed (Veterans Administration) 48 $8,560,000 $178,000 $465,000 $70,000 $165,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 27 $3,785,000 $140,000 $245,000 $52,000 $89,000

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 4,417 $907,495,000 $205,000 $30,005,000 $139,000 $7,374,000
Application Denied By Financial Institution 2,890 $309,380,000 $107,000 $3,005,000 $98,000 $2,775,000
Loan Purchased By The Institution 1,555 $269,775,000 $173,000 $1,595,000 $0 $0
Application Withdrawn By Applicant 543 $85,875,000 $158,000 $1,235,000 $119,000 $3,600,000
Application Approved But Not Accepted 155 $47,195,000 $304,000 $7,045,000 $148,000 $2,023,000
File Closed For Incompleteness 12 $3,210,000 $267,000 $1,045,000 $135,000 $381,000
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 6,682 $1,313,550,000 $196,000 $30,005,000 $137,000 $7,374,000
Collateral 836 $67,960,000 $81,000 $1,435,000 $113,000 $2,775,000
Debt-To-Income Ratio 712 $82,310,000 $115,000 $2,005,000 $71,000 $597,000
Credit History 692 $50,830,000 $73,000 $1,115,000 $80,000 $1,435,000
Credit Application Incomplete 539 $85,045,000 $157,000 $1,995,000 $126,000 $1,800,000
Other 62 $12,140,000 $195,000 $1,415,000 $155,000 $650,000
Unverifiable Information 28 $6,440,000 $230,000 $3,005,000 $110,000 $731,000
Insufficient Cash (Downpayment, Closing Cost) 17 $3,065,000 $180,000 $265,000 $84,000 $152,000
Employment History 4 $1,590,000 $397,000 $965,000 $137,000 $269,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into First Midwest Bank's 2018 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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