First National Bank, Valparais Mortgage Lending & HMDA Data, 2007
In 2007, First National Bank, Valparais of Valparaiso, IN reported 335 mortgage applications totaling $38.3 million, down 18% from 2006. The average application was for $114,420, and applicants reported an average income of $92,847. 83% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Gary, IN (270), Michigan City-La Porte, IN (31) and Charlotte-Gastonia-Concord, NC-SC (2) (applications in parentheses).
| Mortgage Company & Address | First National Bank, Valparais 14 Indiana Ave Valparaiso, IN 46383 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 335 |
| Total Mortgage Loan Application Amount | $38,331,000 |
| Average Mortgage Loan Application Amount | $114,420 |
| Highest Mortgage Loan Application Amount | $850,000 |
| Average Applicant Income | $92,847 |
| Highest Applicant Income | $783,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First National Bank, Valparais filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 National Bank, Valparais in 2007
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 | 182 | $20,290,000 | $111,000 | $850,000 | $93,000 | $622,000 |
| Home Purchase | 102 | $16,942,000 | $166,000 | $417,000 | $102,000 | $783,000 |
| Home Improvement | 51 | $1,099,000 | $21,000 | $121,000 | $74,000 | $392,000 |
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 | 313 | $35,961,000 | $114,000 | $850,000 | $91,000 | $622,000 |
| Not applicable | 9 | $792,000 | $88,000 | $200,000 | $0 | $0 |
| Hispanic | 9 | $603,000 | $67,000 | $199,000 | $68,000 | $116,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $800,000 | $400,000 | $417,000 | $773,000 | $783,000 |
| Asian | 1 | $100,000 | $100,000 | $100,000 | $295,000 | $295,000 |
| Black or African American | 1 | $75,000 | $75,000 | $75,000 | $288,000 | $288,000 |
| Not Provided | 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) | 334 | $38,242,000 | $114,000 | $850,000 | $93,000 | $783,000 |
| VA-guaranteed (Veterans Administration) | 1 | $89,000 | $89,000 | $89,000 | $43,000 | $43,000 |
| 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 |
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 | 277 | $32,808,000 | $118,000 | $581,000 | $96,000 | $783,000 |
| Application Denied By Financial Institution | 36 | $3,546,000 | $98,000 | $850,000 | $67,000 | $505,000 |
| Application Approved But Not Accepted | 8 | $201,000 | $25,000 | $75,000 | $95,000 | $288,000 |
| Preapproval Denied by Financial Institution | 6 | $691,000 | $115,000 | $151,000 | $62,000 | $98,000 |
| Application Withdrawn By Applicant | 6 | $745,000 | $124,000 | $186,000 | $101,000 | $269,000 |
| File Closed For Incompleteness | 1 | $40,000 | $40,000 | $40,000 | $198,000 | $198,000 |
| Preapproval Approved but not Accepted | 1 | $300,000 | $300,000 | $300,000 | $168,000 | $168,000 |
| 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 | 31 | $2,745,000 | $88,000 | $200,000 | $67,000 | $505,000 |
| Debt-To-Income Ratio | 5 | $1,015,000 | $203,000 | $850,000 | $83,000 | $271,000 |
| Collateral | 3 | $265,000 | $88,000 | $150,000 | $28,000 | $52,000 |
| Other | 2 | $92,000 | $46,000 | $89,000 | $61,000 | $79,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $120,000 | $120,000 | $120,000 | $98,000 | $98,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First National Bank, Valparais's 2007 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, Valparais'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.
For a list of all lenders in Indiana, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About