First Nb of Grant Park Mortgage Lending & HMDA Data, 2012
In 2012, First Nb of Grant Park of Grant Park, IL reported 203 mortgage applications totaling $27.4 million, up 48% from 2011. The average application was for $134,935, and applicants reported an average income of $82,512. 48% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Kankakee-Bradley, IL (125), Chicago-Joliet-Naperville, IL (52) and Gary, IN (12) (applications in parentheses).
| Mortgage Company & Address | First Nb of Grant Park 119 N. Main St. Grant Park, IL 60940 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 203 |
| Total Mortgage Loan Application Amount | $27,392,000 |
| Average Mortgage Loan Application Amount | $134,935 |
| Highest Mortgage Loan Application Amount | $405,000 |
| Average Applicant Income | $82,512 |
| Highest Applicant Income | $297,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Nb of Grant Park filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Kankakee, Illinois | 125 | $ 15,839,000 | $ 126,712 | $ 79,000 |
| Will, Illinois | 44 | $ 6,005,000 | $ 136,477 | $ 76,000 |
| Lake, Indiana | 12 | $ 2,240,000 | $ 186,666 | $ 116,000 |
| Cook, Illinois | 7 | $ 971,000 | $ 138,714 | $ 94,000 |
| Madison, Illinois | 3 | $ 611,000 | $ 203,666 | $ 105,000 |
| Volusia, Florida | 2 | $ 652,000 | $ 326,000 | $ 142,000 |
| Iroquois, Illinois | 2 | $ 164,000 | $ 82,000 | $ 79,000 |
| Lee, Florida | 1 | $ 404,000 | $ 404,000 | $ 275,000 |
| Grundy, Illinois | 1 | $ 53,000 | $ 53,000 | $ 97,000 |
| Livingston, Illinois | 1 | $ 75,000 | $ 75,000 | $ 79,000 |
| Macoupin, Illinois | 1 | $ 28,000 | $ 28,000 | $ 57,000 |
| Montgomery, Illinois | 1 | $ 49,000 | $ 49,000 | $ 29,000 |
| Fountain, Indiana | 1 | $ 59,000 | $ 59,000 | $ 60,000 |
| Kenosha, Wisconsin | 1 | $ 130,000 | $ 130,000 | $ 49,000 |
| Oneida, Wisconsin | 1 | $ 112,000 | $ 112,000 | $ 51,000 |
Mortgage Loan Application Detail Totals for First Nb of Grant Park in 2012
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 | 143 | $20,121,000 | $140,000 | $405,000 | $85,000 | $297,000 |
| Home Purchase | 55 | $6,918,000 | $125,000 | $303,000 | $77,000 | $293,000 |
| Home Improvement | 5 | $353,000 | $70,000 | $100,000 | $72,000 | $92,000 |
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 | 185 | $24,869,000 | $134,000 | $405,000 | $83,000 | $297,000 |
| Black or African American | 8 | $1,163,000 | $145,000 | $274,000 | $55,000 | $96,000 |
| Hispanic | 7 | $889,000 | $127,000 | $199,000 | $75,000 | $111,000 |
| Not Provided | 2 | $374,000 | $187,000 | $265,000 | $125,000 | $210,000 |
| Asian | 1 | $97,000 | $97,000 | $97,000 | $108,000 | $108,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 183 | $24,683,000 | $134,000 | $405,000 | $85,000 | $297,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 16 | $2,274,000 | $142,000 | $274,000 | $61,000 | $108,000 |
| VA-guaranteed (Veterans Administration) | 2 | $328,000 | $164,000 | $238,000 | $76,000 | $87,000 |
| FHA-insured (Federal Housing Administration) | 2 | $107,000 | $53,000 | $77,000 | $28,000 | $31,000 |
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 | 98 | $12,583,000 | $128,000 | $404,000 | $93,000 | $297,000 |
| Application Denied By Financial Institution | 60 | $8,393,000 | $139,000 | $405,000 | $68,000 | $210,000 |
| Application Approved But Not Accepted | 22 | $3,131,000 | $142,000 | $255,000 | $71,000 | $142,000 |
| File Closed For Incompleteness | 18 | $2,807,000 | $155,000 | $334,000 | $88,000 | $261,000 |
| Preapproval Denied by Financial Institution | 3 | $235,000 | $78,000 | $114,000 | $64,000 | $121,000 |
| Preapproval Approved but not Accepted | 2 | $243,000 | $121,000 | $133,000 | $79,000 | $95,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 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 | 24 | $2,985,000 | $124,000 | $265,000 | $75,000 | $210,000 |
| Debt-To-Income Ratio | 23 | $3,464,000 | $150,000 | $405,000 | $51,000 | $117,000 |
| Collateral | 11 | $1,222,000 | $111,000 | $156,000 | $67,000 | $110,000 |
| Mortgage Insurance Denied | 3 | $718,000 | $239,000 | $333,000 | $130,000 | $177,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $114,000 | $114,000 | $114,000 | $121,000 | $121,000 |
| Credit Application Incomplete | 1 | $125,000 | $125,000 | $125,000 | $62,000 | $62,000 |
| Employment History | 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 Nb of Grant Park's 2012 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 Nb of Grant Park'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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