First Ohio Banc & Lending Inc Mortgage Lending & HMDA Data, 2006
In 2006, First Ohio Banc & Lending Inc of Independence, OH reported 71 mortgage applications totaling $10.3 million, up 223% from 2005. The average application was for $145,577, and applicants reported an average income of $54,605. 87% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (7), Indianapolis-Carmel, IN (6) and Atlanta-Sandy Springs-Marietta, GA (5) (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 | 71 |
| Total Mortgage Loan Application Amount | $10,336,000 |
| Average Mortgage Loan Application Amount | $145,577 |
| Highest Mortgage Loan Application Amount | $242,000 |
| Average Applicant Income | $54,605 |
| Highest Applicant Income | $117,000 |
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records First Ohio Banc & Lending Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 7 | $ 778,000 | $ 111,142 | $ 47,000 |
| Indianapolis-Carmel, IN | 6 | $ 833,000 | $ 138,833 | $ 69,000 |
| Atlanta-Sandy Springs-Marietta, GA | 5 | $ 975,000 | $ 195,000 | $ 67,000 |
| Akron, OH | 3 | $ 204,000 | $ 68,000 | $ 30,000 |
| Dayton, OH | 3 | $ 531,000 | $ 177,000 | $ 81,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 3 | $ 423,000 | $ 141,000 | $ 41,000 |
| Columbus, OH | 2 | $ 295,000 | $ 147,500 | $ 87,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 286,000 | $ 143,000 | $ 83,000 |
| Kansas City, MO-KS | 2 | $ 288,000 | $ 144,000 | $ 0 |
| Mansfield, OH | 2 | $ 248,000 | $ 124,000 | $ 83,000 |
| Muncie, IN | 2 | $ 98,000 | $ 49,000 | $ 54,000 |
| Parkersburg-Marietta-Vienna, WV-OH | 2 | $ 238,000 | $ 119,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 383,000 | $ 191,500 | $ 59,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 319,000 | $ 159,500 | $ 59,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 298,000 | $ 149,000 | $ 0 |
| Bloomington, IN | 1 | $ 138,000 | $ 138,000 | $ 78,000 |
| Canton-Massillon, OH | 1 | $ 74,000 | $ 74,000 | $ 38,000 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 161,000 | $ 161,000 | $ 67,000 |
| Denver-Aurora, CO | 1 | $ 169,000 | $ 169,000 | $ 0 |
| Fort Collins-Loveland, CO | 1 | $ 108,000 | $ 108,000 | $ 32,000 |
| Gary, IN | 1 | $ 176,000 | $ 176,000 | $ 102,000 |
| Jacksonville, FL | 1 | $ 178,000 | $ 178,000 | $ 92,000 |
| Knoxville, TN | 1 | $ 164,000 | $ 164,000 | $ 55,000 |
| Louisville-Jefferson County, KY-IN | 1 | $ 197,000 | $ 197,000 | $ 62,000 |
| Springfield, MA | 1 | $ 151,000 | $ 151,000 | $ 86,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 190,000 | $ 190,000 | $ 38,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 175,000 | $ 175,000 | $ 62,000 |
Mortgage Loan Application Detail Totals for First Ohio Banc & Lending Inc in 2006
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 | 61 | $9,288,000 | $152,000 | $242,000 | $57,000 | $117,000 |
| Home Purchase | 10 | $1,048,000 | $104,000 | $197,000 | $40,000 | $62,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 61 | $8,966,000 | $146,000 | $242,000 | $54,000 | $117,000 |
| Hispanic | 7 | $1,003,000 | $143,000 | $219,000 | $64,000 | $102,000 |
| White | 3 | $367,000 | $122,000 | $150,000 | $40,000 | $45,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 71 | $10,336,000 | $145,000 | $242,000 | $54,000 | $117,000 |
| 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 | 62 | $9,050,000 | $145,000 | $239,000 | $52,000 | $117,000 |
| Application Withdrawn By Applicant | 8 | $1,208,000 | $151,000 | $242,000 | $66,000 | $89,000 |
| Application Denied By Financial Institution | 1 | $78,000 | $78,000 | $78,000 | $101,000 | $101,000 |
| Application Approved But Not Accepted | 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 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 1 | $78,000 | $78,000 | $78,000 | $101,000 | $101,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 Ohio Banc & Lending Inc's 2006 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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