First National Bank of C F Mortgage Lending & HMDA Data, 2003
In 2003, First National Bank of C F of Cedar Falls, IA reported 150 mortgage applications totaling $18.0 million. The average application was for $120,006, and applicants reported an average income of $73,213. 95% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Waterloo-Cedar Falls, IA (129), Des Moines, IA (2) and Cedar Rapids, IA (1) (applications in parentheses).
| Mortgage Company & Address | First National Bank of C F 602 Main Street, Po Box 189 Cedar Falls, IA 50613 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 150 |
| Total Mortgage Loan Application Amount | $18,001,000 |
| Average Mortgage Loan Application Amount | $120,006 |
| Highest Mortgage Loan Application Amount | $327,000 |
| Average Applicant Income | $73,213 |
| Highest Applicant Income | $264,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First National Bank of C F filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Black Hawk, Iowa | 129 | $ 15,714,000 | $ 121,813 | $ 74,000 |
| Bremer, Iowa | 12 | $ 1,255,000 | $ 104,583 | $ 111,000 |
| Grundy, Iowa | 4 | $ 562,000 | $ 140,500 | $ 64,000 |
| Polk, Iowa | 2 | $ 207,000 | $ 103,500 | $ 26,000 |
| Butler, Iowa | 1 | $ 14,000 | $ 14,000 | $ 118,000 |
| Cerro Gordo, Iowa | 1 | $ 182,000 | $ 182,000 | $ 103,000 |
| Linn, Iowa | 1 | $ 67,000 | $ 67,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for First National Bank of C F in 2003
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 (home purchase or home improvement, one-to-four family) | 101 | $13,828,000 | $136,000 | $327,000 | $64,000 | $194,000 |
| Home Purchase (one-to-four family) | 33 | $3,512,000 | $106,000 | $250,000 | $86,000 | $230,000 |
| Home Improvement (one-to-four family) | 15 | $511,000 | $34,000 | $96,000 | $112,000 | $264,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 1 | $150,000 | $150,000 | $150,000 | $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 | 147 | $17,603,000 | $119,000 | $327,000 | $69,000 | $264,000 |
| Other | 1 | $88,000 | $88,000 | $88,000 | $93,000 | $93,000 |
| Asian or Pacific Islander | 1 | $250,000 | $250,000 | $250,000 | $230,000 | $230,000 |
| Hispanic | 1 | $60,000 | $60,000 | $60,000 | $82,000 | $82,000 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 150 | $18,001,000 | $120,000 | $327,000 | $77,000 | $264,000 |
| 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 | 142 | $17,134,000 | $120,000 | $327,000 | $78,000 | $264,000 |
| Application Approved But Not Accepted | 4 | $573,000 | $143,000 | $228,000 | $61,000 | $102,000 |
| Application Denied By Financial Institution | 4 | $294,000 | $73,000 | $128,000 | $77,000 | $118,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 3 | $280,000 | $93,000 | $128,000 | $64,000 | $82,000 |
| Collateral | 1 | $14,000 | $14,000 | $14,000 | $118,000 | $118,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First National Bank of C F's 2003 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 National Bank of C F'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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