First Ohio Banc & Lending Inc Mortgage Lending & HMDA Data, 2007
In 2007, First Ohio Banc & Lending Inc of Independence, OH reported 898 mortgage applications totaling $148.5 million, up 1165% from 2006. The average application was for $165,404, and applicants reported an average income of $62,680. 80% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (64), Atlanta-Sandy Springs-Marietta, GA (63) and Chicago-Naperville-Joliet, IL (48) (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 | 898 |
| Total Mortgage Loan Application Amount | $148,533,000 |
| Average Mortgage Loan Application Amount | $165,404 |
| Highest Mortgage Loan Application Amount | $390,000 |
| Average Applicant Income | $62,680 |
| Highest Applicant Income | $210,000 |
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records First Ohio Banc & Lending Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 863 | $143,818,000 | $166,000 | $390,000 | $63,000 | $210,000 |
| Home Purchase | 29 | $3,796,000 | $130,000 | $224,000 | $56,000 | $117,000 |
| Home Improvement | 6 | $919,000 | $153,000 | $180,000 | $49,000 | $61,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 557 | $90,707,000 | $162,000 | $367,000 | $62,000 | $186,000 |
| White | 238 | $39,776,000 | $167,000 | $390,000 | $64,000 | $210,000 |
| Black or African American | 52 | $8,715,000 | $167,000 | $322,000 | $64,000 | $172,000 |
| Hispanic | 43 | $7,999,000 | $186,000 | $364,000 | $59,000 | $107,000 |
| Asian | 6 | $1,003,000 | $167,000 | $260,000 | $63,000 | $99,000 |
| American Indian or Alaskan Native | 1 | $162,000 | $162,000 | $162,000 | $105,000 | $105,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $171,000 | $171,000 | $171,000 | $49,000 | $49,000 |
| 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) | 886 | $146,687,000 | $165,000 | $390,000 | $63,000 | $210,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 9 | $1,352,000 | $150,000 | $237,000 | $56,000 | $126,000 |
| VA-guaranteed (Veterans Administration) | 3 | $494,000 | $164,000 | $224,000 | $55,000 | $99,000 |
| 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 | 720 | $118,870,000 | $165,000 | $368,000 | $63,000 | $186,000 |
| Application Denied By Financial Institution | 93 | $15,717,000 | $169,000 | $390,000 | $64,000 | $210,000 |
| Application Withdrawn By Applicant | 85 | $13,946,000 | $164,000 | $364,000 | $59,000 | $112,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 65 | $10,669,000 | $164,000 | $356,000 | $60,000 | $113,000 |
| Credit History | 12 | $2,111,000 | $175,000 | $240,000 | $79,000 | $185,000 |
| Collateral | 10 | $1,963,000 | $196,000 | $280,000 | $69,000 | $99,000 |
| Debt-To-Income Ratio | 3 | $287,000 | $95,000 | $145,000 | $37,000 | $58,000 |
| Employment History | 1 | $390,000 | $390,000 | $390,000 | $210,000 | $210,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $169,000 | $169,000 | $169,000 | $49,000 | $49,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 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 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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