First Ohio Banc & Lending Inc Mortgage Lending & HMDA Data, 2009
In 2009, First Ohio Banc & Lending Inc of Independence, OH reported 2,232 mortgage applications totaling $466.4 million, down 18% from 2008. The average application was for $208,968, and applicants reported an average income of $60,652. 91% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (176), Atlanta-Sandy Springs-Marietta, GA (105) and Seattle-Bellevue-Everett, WA (74) (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 | 2,232 |
| Total Mortgage Loan Application Amount | $466,418,000 |
| Average Mortgage Loan Application Amount | $208,968 |
| Highest Mortgage Loan Application Amount | $941,000 |
| Average Applicant Income | $60,652 |
| Highest Applicant Income | $574,000 |
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records First Ohio Banc & Lending Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 2,116 | $450,211,000 | $212,000 | $941,000 | $61,000 | $574,000 |
| Home Purchase | 97 | $12,217,000 | $125,000 | $336,000 | $53,000 | $300,000 |
| Home Improvement | 19 | $3,990,000 | $210,000 | $277,000 | $61,000 | $177,000 |
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 | 1,680 | $349,949,000 | $208,000 | $941,000 | $62,000 | $574,000 |
| Black or African American | 258 | $51,077,000 | $197,000 | $735,000 | $53,000 | $170,000 |
| Not Provided | 179 | $38,105,000 | $212,000 | $540,000 | $65,000 | $300,000 |
| Hispanic | 83 | $18,562,000 | $223,000 | $531,000 | $60,000 | $292,000 |
| Asian | 22 | $5,418,000 | $246,000 | $519,000 | $67,000 | $204,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $2,400,000 | $342,000 | $478,000 | $110,000 | $260,000 |
| American Indian or Alaskan Native | 3 | $907,000 | $302,000 | $346,000 | $38,000 | $59,000 |
| 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) | 2,116 | $439,825,000 | $207,000 | $742,000 | $60,000 | $574,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 108 | $24,751,000 | $229,000 | $941,000 | $80,000 | $366,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,842,000 | $230,000 | $395,000 | $85,000 | $199,000 |
| 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 | 2,041 | $424,322,000 | $207,000 | $742,000 | $61,000 | $574,000 |
| Application Denied By Financial Institution | 191 | $42,096,000 | $220,000 | $941,000 | $63,000 | $300,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 80 | $16,297,000 | $203,000 | $540,000 | $53,000 | $154,000 |
| Debt-To-Income Ratio | 39 | $10,566,000 | $270,000 | $941,000 | $76,000 | $300,000 |
| Collateral | 38 | $8,684,000 | $228,000 | $510,000 | $76,000 | $269,000 |
| Credit History | 23 | $4,772,000 | $207,000 | $478,000 | $61,000 | $131,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $1,120,000 | $160,000 | $271,000 | $47,000 | $88,000 |
| Employment History | 2 | $299,000 | $149,000 | $172,000 | $22,000 | $44,000 |
| Mortgage Insurance Denied | 1 | $206,000 | $206,000 | $206,000 | $39,000 | $39,000 |
| Unverifiable Information | 1 | $152,000 | $152,000 | $152,000 | $55,000 | $55,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Ohio Banc & Lending Inc's 2009 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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