First Ohio Banc & Lending Inc Mortgage Lending & HMDA Data, 2004
In 2004, First Ohio Banc & Lending Inc of Independence, OH reported 354 mortgage applications totaling $40.3 million, down 87% from 2003. The average application was for $113,980, and applicants reported an average income of $19,728. 82% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (66), Columbus, OH (55) and Indianapolis, IN (33) (applications in parentheses).
| Mortgage Company & Address | First Ohio Banc & Lending Inc 6100 Rockside Woods Blvd Independence, OH 44131 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 354 |
| Total Mortgage Loan Application Amount | $40,349,000 |
| Average Mortgage Loan Application Amount | $113,980 |
| Highest Mortgage Loan Application Amount | $237,000 |
| Average Applicant Income | $19,728 |
| Highest Applicant Income | $180,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Ohio Banc & Lending Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cleveland-Elyria-Mentor, OH | 66 | $ 7,730,000 | $ 117,121 | $ 33,000 |
| Columbus, OH | 55 | $ 7,008,000 | $ 127,418 | $ 22,000 |
| Indianapolis, IN | 33 | $ 3,543,000 | $ 107,363 | $ 3,000 |
| Cincinnati-Middletown, OH-KY-IN | 25 | $ 2,850,000 | $ 114,000 | $ 12,000 |
| Richmond, VA | 14 | $ 1,671,000 | $ 119,357 | $ 12,000 |
| Dayton, OH | 13 | $ 1,300,000 | $ 100,000 | $ 24,000 |
| Akron, OH | 10 | $ 1,030,000 | $ 103,000 | $ 8,000 |
| Orlando, FL | 10 | $ 1,148,000 | $ 114,800 | $ 16,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 9 | $ 1,008,000 | $ 112,000 | $ 13,000 |
| Lansing-East Lansing, MI | 8 | $ 871,000 | $ 108,875 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 8 | $ 870,000 | $ 108,750 | $ 19,000 |
| Cape Coral-Fort Myers, FL | 6 | $ 602,000 | $ 100,333 | $ 0 |
| Jacksonville, FL | 6 | $ 635,000 | $ 105,833 | $ 15,000 |
| Toledo, OH | 6 | $ 659,000 | $ 109,833 | $ 8,000 |
| Greenville, SC | 5 | $ 522,000 | $ 104,400 | $ 27,000 |
| Miami-Miami Beach-Kendall, FL | 5 | $ 509,000 | $ 101,800 | $ 73,000 |
| Sarasota-Bradenton-Venice, FL | 5 | $ 516,000 | $ 103,200 | $ 10,000 |
| Warren-Farmington Hills-Troy, MI | 5 | $ 554,000 | $ 110,800 | $ 0 |
| Canton-Massillon, OH | 4 | $ 392,000 | $ 98,000 | $ 12,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 4 | $ 490,000 | $ 122,500 | $ 52,000 |
| Detroit-Livonia-Dearborn, MI | 3 | $ 214,000 | $ 71,333 | $ 6,000 |
| Mansfield, OH | 3 | $ 312,000 | $ 104,000 | $ 0 |
| Niles-Benton Harbor, MI | 3 | $ 264,000 | $ 88,000 | $ 10,000 |
| Ann Arbor, MI | 2 | $ 243,000 | $ 121,500 | $ 0 |
| Charleston-North Charleston, SC | 2 | $ 258,000 | $ 129,000 | $ 0 |
| Holland-Grand Haven, MI | 2 | $ 196,000 | $ 98,000 | $ 0 |
| Philadelphia, PA | 2 | $ 235,000 | $ 117,500 | $ 18,000 |
| Battle Creek, MI | 1 | $ 121,000 | $ 121,000 | $ 0 |
| Colorado Springs, CO | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Columbia, SC | 1 | $ 91,000 | $ 91,000 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 106,000 | $ 106,000 | $ 72,000 |
| Denver-Aurora, CO | 1 | $ 130,000 | $ 130,000 | $ 0 |
| Elkhart-Goshen, IN | 1 | $ 120,000 | $ 120,000 | $ 0 |
| Fort Collins-Loveland, CO | 1 | $ 98,000 | $ 98,000 | $ 0 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Grand Rapids-Wyoming, MI | 1 | $ 138,000 | $ 138,000 | $ 0 |
| Kalamazoo-Portage, MI | 1 | $ 80,000 | $ 80,000 | $ 0 |
| Lakeland, FL | 1 | $ 102,000 | $ 102,000 | $ 0 |
| Lima, OH | 1 | $ 107,000 | $ 107,000 | $ 25,000 |
| Monroe, MI | 1 | $ 141,000 | $ 141,000 | $ 48,000 |
| Muskegon-Norton Shores, MI | 1 | $ 52,000 | $ 52,000 | $ 67,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 105,000 | $ 105,000 | $ 71,000 |
| Saginaw-Saginaw Township North, MI | 1 | $ 89,000 | $ 89,000 | $ 58,000 |
| Sandusky, OH | 1 | $ 82,000 | $ 82,000 | $ 34,000 |
| Springfield, OH | 1 | $ 120,000 | $ 120,000 | $ 65,000 |
| Tallahassee, FL | 1 | $ 134,000 | $ 134,000 | $ 53,000 |
| Vero Beach, FL | 1 | $ 110,000 | $ 110,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Ohio Banc & Lending Inc in 2004
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 | 331 | $37,923,000 | $116,777 | $237,000 | $13,111 | $180,000 |
| Home Purchase | 23 | $2,426,000 | $100,666 | $192,000 | $8,666 | $106,000 |
| Home Improvement | 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 | 314 | $35,725,000 | $116,888 | $237,000 | $15,222 | $125,000 |
| Black or African American | 33 | $3,828,000 | $117,250 | $213,000 | $25,500 | $180,000 |
| Hispanic | 4 | $408,000 | $102,000 | $132,000 | $0 | $0 |
| Asian | 2 | $241,000 | $120,500 | $127,000 | $0 | $0 |
| Not Provided | 1 | $147,000 | $147,000 | $147,000 | $50,000 | $50,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 354 | $40,349,000 | $114,666 | $237,000 | $13,000 | $180,000 |
| 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 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 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 | 290 | $33,330,000 | $114,555 | $237,000 | $12,777 | $180,000 |
| Application Denied By Financial Institution | 55 | $6,070,000 | $110,200 | $201,000 | $18,800 | $105,000 |
| Application Withdrawn By Applicant | 9 | $949,000 | $104,500 | $133,000 | $26,500 | $106,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 53 | $5,873,000 | $110,400 | $201,000 | $18,800 | $105,000 |
| Debt-To-Income Ratio | 1 | $91,000 | $91,000 | $91,000 | $38,000 | $38,000 |
| Unverifiable Information | 1 | $106,000 | $106,000 | $106,000 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Ohio Banc & Lending Inc's 2004 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 Ohio Banc & Lending Inc'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 Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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