First Place Bank Mortgage Lending & HMDA Data, 2003
In 2003, First Place Bank of Ravenna, OH reported 10,511 mortgage applications totaling $1.4 billion. The average application was for $131,737, and applicants reported an average income of $68,813. 85% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Youngstown-Warren, OH (4,001), Cleveland-Lorain-Elyria, OH (2,810) and Akron, OH (1,125) (applications in parentheses).
| Mortgage Company & Address | First Place Bank 999 E Main St Ravenna, OH 44266 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 10,511 |
| Total Mortgage Loan Application Amount | $1,384,691,000 |
| Average Mortgage Loan Application Amount | $131,737 |
| Highest Mortgage Loan Application Amount | $3,814,000 |
| Average Applicant Income | $68,813 |
| Highest Applicant Income | $4,850,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Place Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Youngstown-Warren, OH | 4,001 | $ 384,021,000 | $ 95,981 | $ 55,000 |
| Cleveland-Lorain-Elyria, OH | 2,810 | $ 412,351,000 | $ 146,744 | $ 67,000 |
| Akron, OH | 1,125 | $ 156,024,000 | $ 138,688 | $ 62,000 |
| Cincinnati, OH-KY-IN | 571 | $ 109,937,000 | $ 192,534 | $ 77,000 |
| Dayton-Springfield, OH | 451 | $ 81,461,000 | $ 180,623 | $ 88,000 |
| Columbus, OH | 359 | $ 57,364,000 | $ 159,788 | $ 74,000 |
| Toledo, OH | 224 | $ 29,363,000 | $ 131,084 | $ 53,000 |
| Hamilton-Middletown, OH | 147 | $ 23,889,000 | $ 162,510 | $ 67,000 |
| Chicago, IL | 127 | $ 22,323,000 | $ 175,771 | $ 96,000 |
| Canton-Massillon, OH | 93 | $ 12,746,000 | $ 137,053 | $ 54,000 |
| Gary, IN | 35 | $ 5,607,000 | $ 160,200 | $ 24,000 |
| Detroit, MI | 30 | $ 6,670,000 | $ 222,333 | $ 59,000 |
| Pittsburgh, PA | 21 | $ 2,648,000 | $ 126,095 | $ 44,000 |
| Sharon, PA | 18 | $ 2,042,000 | $ 113,444 | $ 51,000 |
| Jacksonville, FL | 15 | $ 837,000 | $ 55,800 | $ 170,000 |
| Fort Myers-Cape Coral, FL | 13 | $ 3,301,000 | $ 253,923 | $ 133,000 |
| Tampa-St. Petersburg-Clearwater, FL | 10 | $ 1,894,000 | $ 189,400 | $ 147,000 |
| Naples, FL | 9 | $ 1,753,000 | $ 194,777 | $ 78,000 |
| Ann Arbor, MI | 8 | $ 1,268,000 | $ 158,500 | $ 28,000 |
| Atlanta, GA | 8 | $ 3,566,000 | $ 445,750 | $ 231,000 |
| Lansing-East Lansing, MI | 7 | $ 1,017,000 | $ 145,285 | $ 53,000 |
| Orlando, FL | 6 | $ 1,465,000 | $ 244,166 | $ 217,000 |
| Indianapolis, IN | 5 | $ 814,000 | $ 162,800 | $ 92,000 |
| Fort Lauderdale, FL | 4 | $ 1,002,000 | $ 250,500 | $ 47,000 |
| Los Angeles-Long Beach, CA | 4 | $ 547,000 | $ 136,750 | $ 68,000 |
| West Palm Beach-Boca Raton, FL | 4 | $ 560,000 | $ 140,000 | $ 42,000 |
| Melbourne-Titusville-Palm Bay, FL | 3 | $ 368,000 | $ 122,666 | $ 143,000 |
| Myrtle Beach, SC | 3 | $ 369,000 | $ 123,000 | $ 84,000 |
| Philadelphia, PA-NJ | 3 | $ 687,000 | $ 229,000 | $ 80,000 |
| Daytona Beach, FL | 2 | $ 597,000 | $ 298,500 | $ 117,000 |
| Lakeland-Winter Haven, FL | 2 | $ 105,000 | $ 52,500 | $ 195,000 |
| Lexington, KY | 2 | $ 332,000 | $ 166,000 | $ 65,000 |
| Miami, FL | 2 | $ 286,000 | $ 143,000 | $ 4,850,000 |
| Minneapolis-St. Paul, MN-WI | 2 | $ 1,250,000 | $ 625,000 | $ 72,000 |
| Newark, NJ | 2 | $ 823,000 | $ 411,500 | $ 135,000 |
| Orange County, CA | 2 | $ 502,000 | $ 251,000 | $ 79,000 |
| Pensacola, FL | 2 | $ 372,000 | $ 186,000 | $ 67,000 |
| Phoenix-Mesa, AZ | 2 | $ 422,000 | $ 211,000 | $ 33,000 |
| Sarasota-Bradenton, FL | 2 | $ 430,000 | $ 215,000 | $ 164,000 |
| Wheeling, WV-OH | 2 | $ 96,000 | $ 48,000 | $ 37,000 |
| Barnstable-Yarmouth, MA | 1 | $ 233,000 | $ 233,000 | $ 105,000 |
| Bergen-Passaic, NJ | 1 | $ 219,000 | $ 219,000 | $ 86,000 |
| Boston, MA-NH | 1 | $ 438,000 | $ 438,000 | $ 266,000 |
| Buffalo-Niagara Falls, NY | 1 | $ 267,000 | $ 267,000 | $ 119,000 |
| Burlington, VT | 1 | $ 193,000 | $ 193,000 | $ 0 |
| Champaign-Urbana, IL | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Charleston-North Charleston, SC | 1 | $ 155,000 | $ 155,000 | $ 121,000 |
| Dallas, TX | 1 | $ 260,000 | $ 260,000 | $ 225,000 |
| Fort Pierce-Port St. Lucie, FL | 1 | $ 518,000 | $ 518,000 | $ 438,000 |
| Jackson, MI | 1 | $ 150,000 | $ 150,000 | $ 77,000 |
| Kankakee, IL | 1 | $ 133,000 | $ 133,000 | $ 0 |
| Kenosha, WI | 1 | $ 500,000 | $ 500,000 | $ 104,000 |
| Las Vegas, NV-AZ | 1 | $ 69,000 | $ 69,000 | $ 271,000 |
| Lima, OH | 1 | $ 62,000 | $ 62,000 | $ 72,000 |
| Muncie, IN | 1 | $ 135,000 | $ 135,000 | $ 70,000 |
| Nashua, NH | 1 | $ 302,000 | $ 302,000 | $ 90,000 |
| Nashville, TN | 1 | $ 86,000 | $ 86,000 | $ 73,000 |
| New Haven-Meriden, CT | 1 | $ 444,000 | $ 444,000 | $ 300,000 |
| New York, NY | 1 | $ 471,000 | $ 471,000 | $ 239,000 |
| Ocala, FL | 1 | $ 35,000 | $ 35,000 | $ 123,000 |
| Parkersburg-Marietta, WV-OH | 1 | $ 200,000 | $ 200,000 | $ 118,000 |
| Portland, ME | 1 | $ 105,000 | $ 105,000 | $ 106,000 |
| Portland-Vancouver, OR-WA | 1 | $ 204,000 | $ 204,000 | $ 85,000 |
| Punta Gorda, FL | 1 | $ 140,000 | $ 140,000 | $ 110,000 |
| Reno, NV | 1 | $ 246,000 | $ 246,000 | $ 136,000 |
| Riverside-San Bernardino, CA | 1 | $ 72,000 | $ 72,000 | $ 185,000 |
| Sacramento, CA | 1 | $ 285,000 | $ 285,000 | $ 43,000 |
| Wilmington, NC | 1 | $ 67,000 | $ 67,000 | $ 29,000 |
Mortgage Loan Application Detail Totals for First Place Bank 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) | 5,849 | $782,252,000 | $210,481 | $1,126,000 | $108,074 | $1,914,000 |
| Home Purchase (one-to-four family) | 4,446 | $569,817,000 | $247,950 | $1,000,000 | $111,650 | $4,850,000 |
| Home Improvement (one-to-four family) | 201 | $18,570,000 | $183,000 | $550,000 | $65,000 | $528,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 15 | $14,052,000 | $936,000 | $3,814,000 | $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 |
|---|---|---|---|---|---|---|
| White | 9,987 | $1,316,381,000 | $227,866 | $3,814,000 | $102,933 | $1,914,000 |
| Black | 265 | $29,245,000 | $97,333 | $789,000 | $62,333 | $324,000 |
| Asian or Pacific Islander | 197 | $32,190,000 | $205,333 | $550,000 | $26,666 | $250,000 |
| Hispanic | 60 | $6,620,000 | $134,000 | $348,000 | $624,200 | $4,850,000 |
| American Indian or Alaskan Native | 2 | $255,000 | $127,000 | $168,000 | $45,000 | $68,000 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 10,222 | $1,352,050,000 | $224,766 | $3,814,000 | $109,433 | $4,850,000 |
| FHA-insured (Federal Housing Administration) | 243 | $26,124,000 | $113,000 | $215,000 | $43,000 | $281,000 |
| VA-guaranteed (Veterans Administration) | 46 | $6,517,000 | $157,000 | $238,000 | $58,000 | $102,000 |
| 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 | 8,963 | $1,192,920,000 | $212,241 | $3,814,000 | $123,310 | $1,914,000 |
| Application Withdrawn By Applicant | 539 | $58,853,000 | $167,000 | $650,000 | $38,200 | $476,000 |
| Application Approved But Not Accepted | 412 | $53,383,000 | $163,833 | $680,000 | $207,500 | $4,850,000 |
| Application Denied By Financial Institution | 349 | $36,908,000 | $222,750 | $556,000 | $72,500 | $300,000 |
| Loan Purchased By The Institution | 248 | $42,627,000 | $199,142 | $713,000 | $0 | $0 |
| File Closed For Incompleteness | 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 Application Incomplete | 106 | $12,303,000 | $135,000 | $556,000 | $60,500 | $300,000 |
| Credit History | 100 | $8,610,000 | $86,000 | $550,000 | $51,000 | $251,000 |
| Debt-To-Income Ratio | 77 | $10,718,000 | $285,333 | $500,000 | $68,666 | $177,000 |
| Collateral | 38 | $3,147,000 | $84,000 | $270,000 | $68,000 | $147,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 18 | $1,436,000 | $79,000 | $239,000 | $55,000 | $116,000 |
| Mortgage Insurance Denied | 5 | $287,000 | $57,000 | $76,000 | $30,000 | $62,000 |
| Employment History | 4 | $249,000 | $62,000 | $96,000 | $26,000 | $31,000 |
| Unverifiable Information | 1 | $158,000 | $158,000 | $158,000 | $36,000 | $36,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Place Bank'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 Place Bank'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.
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with aggregated HMDA statistics today.
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