First Ohio Banc & Lending Inc Mortgage Lending & HMDA Data, 2003
In 2003, First Ohio Banc & Lending Inc of Independence, OH reported 2,820 mortgage applications totaling $302.3 million. The average application was for $107,202, and applicants reported an average income of $16,720. 19% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Columbus, OH (600), Cleveland-Lorain-Elyria, OH (446) and Philadelphia, PA-NJ (363) (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 | 2,820 |
| Total Mortgage Loan Application Amount | $302,310,000 |
| Average Mortgage Loan Application Amount | $107,202 |
| Highest Mortgage Loan Application Amount | $236,000 |
| Average Applicant Income | $16,720 |
| Highest Applicant Income | $780,000 |
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records First Ohio Banc & Lending Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First Ohio Banc & Lending Inc 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) | 2,550 | $274,198,000 | $112,666 | $236,000 | $11,500 | $780,000 |
| Home Purchase (one-to-four family) | 267 | $27,800,000 | $99,000 | $203,000 | $8,250 | $480,000 |
| Home Improvement (one-to-four family) | 2 | $211,000 | $105,500 | $118,000 | $33,000 | $66,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 1 | $101,000 | $101,000 | $101,000 | $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 |
|---|---|---|---|---|---|---|
| Information not provided by applicant in mail or telephone application | 2,112 | $222,108,000 | $111,166 | $228,000 | $9,333 | $780,000 |
| White | 581 | $65,963,000 | $108,250 | $236,000 | $14,500 | $130,000 |
| Black | 91 | $9,922,000 | $105,000 | $225,000 | $23,000 | $109,000 |
| Hispanic | 18 | $2,015,000 | $109,500 | $211,000 | $23,250 | $71,000 |
| Asian or Pacific Islander | 9 | $1,323,000 | $137,000 | $185,000 | $12,500 | $65,000 |
| Other | 9 | $979,000 | $112,500 | $154,000 | $65,000 | $101,000 |
| Not applicable | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 2,820 | $302,310,000 | $112,166 | $236,000 | $10,833 | $780,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 2,003 | $212,753,000 | $112,666 | $236,000 | $13,666 | $780,000 |
| Loan Originated | 533 | $59,145,000 | $100,000 | $224,000 | $12,666 | $128,000 |
| Application Denied By Financial Institution | 280 | $29,951,000 | $104,333 | $203,000 | $5,666 | $113,000 |
| File Closed For Incompleteness | 3 | $374,000 | $124,000 | $190,000 | $5,000 | $21,000 |
| Application Approved But Not Accepted | 1 | $87,000 | $87,000 | $87,000 | $50,000 | $50,000 |
| 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 | 219 | $23,831,000 | $107,666 | $203,000 | $3,666 | $113,000 |
| Collateral | 8 | $899,000 | $112,000 | $192,000 | $20,000 | $76,000 |
| Debt-To-Income Ratio | 2 | $193,000 | $96,000 | $102,000 | $0 | $0 |
| Employment History | 1 | $107,000 | $107,000 | $107,000 | $38,000 | $38,000 |
| Other | 1 | $106,000 | $106,000 | $106,000 | $43,000 | $43,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Ohio Banc & Lending Inc'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 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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