First Ohio Banc & Lending Inc Mortgage Lending & HMDA Data, 2008
In 2008, First Ohio Banc & Lending Inc of Independence, OH reported 2,734 mortgage applications totaling $513.1 million, up 204% from 2007. The average application was for $187,668, and applicants reported an average income of $66,031. 83% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (179), Atlanta-Sandy Springs-Marietta, GA (142) and Chicago-Naperville-Joliet, IL (128) (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 | 2,734 |
| Total Mortgage Loan Application Amount | $513,085,000 |
| Average Mortgage Loan Application Amount | $187,668 |
| Highest Mortgage Loan Application Amount | $840,000 |
| Average Applicant Income | $66,031 |
| Highest Applicant Income | $1,000,000 |
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records First Ohio Banc & Lending Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008
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 | 2,610 | $492,779,000 | $188,000 | $840,000 | $66,000 | $1,000,000 |
| Home Purchase | 86 | $13,005,000 | $151,000 | $350,000 | $67,000 | $168,000 |
| Home Improvement | 38 | $7,301,000 | $192,000 | $377,000 | $66,000 | $181,000 |
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 | 2,023 | $379,772,000 | $187,000 | $840,000 | $67,000 | $1,000,000 |
| Black or African American | 410 | $74,634,000 | $182,000 | $582,000 | $63,000 | $181,000 |
| Not Provided | 144 | $26,713,000 | $185,000 | $438,000 | $66,000 | $150,000 |
| Hispanic | 124 | $23,483,000 | $189,000 | $365,000 | $63,000 | $181,000 |
| Asian | 22 | $6,073,000 | $276,000 | $423,000 | $90,000 | $300,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,223,000 | $203,000 | $410,000 | $70,000 | $115,000 |
| American Indian or Alaskan Native | 5 | $1,187,000 | $237,000 | $337,000 | $70,000 | $109,000 |
| 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) | 2,729 | $512,574,000 | $187,000 | $840,000 | $66,000 | $1,000,000 |
| VA-guaranteed (Veterans Administration) | 4 | $421,000 | $105,000 | $143,000 | $52,000 | $65,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1 | $90,000 | $90,000 | $90,000 | $54,000 | $54,000 |
| 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 | 2,276 | $428,635,000 | $188,000 | $840,000 | $67,000 | $1,000,000 |
| Application Withdrawn By Applicant | 238 | $46,650,000 | $196,000 | $582,000 | $68,000 | $247,000 |
| Application Denied By Financial Institution | 220 | $37,800,000 | $171,000 | $518,000 | $60,000 | $200,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 119 | $21,232,000 | $178,000 | $366,000 | $64,000 | $200,000 |
| Collateral | 37 | $6,100,000 | $164,000 | $333,000 | $57,000 | $164,000 |
| Credit History | 21 | $3,060,000 | $145,000 | $234,000 | $55,000 | $131,000 |
| Debt-To-Income Ratio | 21 | $3,790,000 | $180,000 | $518,000 | $44,000 | $83,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $1,289,000 | $184,000 | $424,000 | $54,000 | $104,000 |
| Unverifiable Information | 2 | $259,000 | $129,000 | $140,000 | $69,000 | $83,000 |
| Credit Application Incomplete | 2 | $228,000 | $114,000 | $116,000 | $33,000 | $41,000 |
| Employment History | 1 | $140,000 | $140,000 | $140,000 | $72,000 | $72,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Ohio Banc & Lending Inc's 2008 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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