Fortress Bank Mortgage Lending & HMDA Data, 2018

In 2018, Fortress Bank of Peoria, IL reported 611 mortgage applications totaling $76.0 million, down 16% from 2017. The average application was for $124,427, and applicants reported an average income of $89,240. 84% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Peoria, IL (314), Davenport-Moline-Rock Island, IA-IL (70) and Chicago-Naperville-Arlington Heights, IL (30) (applications in parentheses).

Mortgage Company & Address Fortress Bank
9000 N. Knoxville Avenue
Peoria, IL 61615
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  
Total Number of Mortgage Applications 611
Total Mortgage Loan Application Amount $76,025,000
Average Mortgage Loan Application Amount $124,427
Highest Mortgage Loan Application Amount $1,685,000
Average Applicant Income $89,240
Highest Applicant Income $1,796,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fortress Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Fortress Bank by County in 2018

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Peoria, Illinois 162 $ 19,220,000 $ 118,641 $ 88,000
Tazewell, Illinois 125 $ 13,215,000 $ 105,720 $ 60,000
Hancock, Illinois 49 $ 3,555,000 $ 72,551 $ 61,000
Scott, Iowa 49 $ 7,315,000 $ 149,285 $ 88,000
McDonough, Illinois 41 $ 3,315,000 $ 80,853 $ 68,000
Woodford, Illinois 25 $ 3,525,000 $ 141,000 $ 77,000
DuPage, Illinois 21 $ 6,855,000 $ 326,428 $ 220,000
Rock Island, Illinois 15 $ 1,895,000 $ 126,333 $ 93,000
Warren, Illinois 14 $ 1,040,000 $ 74,285 $ 76,000
Knox, Illinois 11 $ 1,175,000 $ 106,818 $ 83,000
Fulton, Illinois 8 $ 730,000 $ 91,250 $ 96,000
Mason, Illinois 7 $ 575,000 $ 82,142 $ 43,000
Lee, Iowa 7 $ 485,000 $ 69,285 $ 63,000
Kane, Illinois 5 $ 1,245,000 $ 249,000 $ 202,000
Cook, Illinois 4 $ 990,000 $ 247,500 $ 506,000
Henderson, Illinois 4 $ 190,000 $ 47,500 $ 19,000
Henry, Illinois 4 $ 240,000 $ 60,000 $ 42,000
Kendall, Illinois 3 $ 645,000 $ 215,000 $ 96,000
Muscatine, Iowa 3 $ 555,000 $ 185,000 $ 92,000
Jefferson, Alabama 2 $ 100,000 $ 50,000 $ 192,000
Charlotte, Florida 2 $ 330,000 $ 165,000 $ 156,000
Collier, Florida 2 $ 680,000 $ 340,000 $ 386,000
Adams, Illinois 2 $ 220,000 $ 110,000 $ 70,000
Marshall, Illinois 2 $ 300,000 $ 150,000 $ 64,000
Mercer, Illinois 2 $ 310,000 $ 155,000 $ 414,000
Will, Illinois 2 $ 400,000 $ 200,000 $ 82,000
Mahaska, Iowa 2 $ 270,000 $ 135,000 $ 110,000
Shelby, Tennessee 2 $ 80,000 $ 40,000 $ 197,000
Hays, Texas 2 $ 330,000 $ 165,000 $ 193,000
Larimer, Colorado 1 $ 335,000 $ 335,000 $ 65,000
Lee, Florida 1 $ 145,000 $ 145,000 $ 40,000
Okaloosa, Florida 1 $ 165,000 $ 165,000 $ 91,000
Osceola, Florida 1 $ 95,000 $ 95,000 $ 27,000
Pinellas, Florida 1 $ 315,000 $ 315,000 $ 75,000
Champaign, Illinois 1 $ 405,000 $ 405,000 $ 559,000
DeKalb, Illinois 1 $ 285,000 $ 285,000 $ 163,000
Iroquois, Illinois 1 $ 95,000 $ 95,000 $ 59,000
Jackson, Illinois 1 $ 15,000 $ 15,000 $ 80,000
McLean, Illinois 1 $ 235,000 $ 235,000 $ 128,000
Sangamon, Illinois 1 $ 165,000 $ 165,000 $ 65,000
Winnebago, Illinois 1 $ 75,000 $ 75,000 $ 53,000
Lake, Indiana 1 $ 135,000 $ 135,000 $ 60,000
Cedar, Iowa 1 $ 85,000 $ 85,000 $ 38,000
Clinton, Iowa 1 $ 45,000 $ 45,000 $ 67,000
Des Moines, Iowa 1 $ 45,000 $ 45,000 $ 42,000
Jasper, Iowa 1 $ 285,000 $ 285,000 $ 196,000
Morton, Kansas 1 $ 35,000 $ 35,000 $ 64,000
Owen, Kentucky 1 $ 115,000 $ 115,000 $ 60,000
Barnstable, Massachusetts 1 $ 405,000 $ 405,000 $ 124,000
Hampshire, Massachusetts 1 $ 155,000 $ 155,000 $ 78,000
Kent, Michigan 1 $ 75,000 $ 75,000 $ 100,000
Clark, Missouri 1 $ 265,000 $ 265,000 $ 103,000
Clark, Nevada 1 $ 105,000 $ 105,000 $ 33,000
Wake, North Carolina 1 $ 205,000 $ 205,000 $ 220,000
Hughes, Oklahoma 1 $ 105,000 $ 105,000 $ 77,000
Oconee, South Carolina 1 $ 305,000 $ 305,000 $ 381,000
Harris, Texas 1 $ 565,000 $ 565,000 $ 152,000
Montgomery, Texas 1 $ 165,000 $ 165,000 $ 64,000
Uintah, Utah 1 $ 225,000 $ 225,000 $ 72,000
Florence, Wisconsin 1 $ 95,000 $ 95,000 $ 107,000
Rock, Wisconsin 1 $ 125,000 $ 125,000 $ 53,000
Sheboygan, Wisconsin 1 $ 125,000 $ 125,000 $ 41,000
Waushara, Wisconsin 1 $ 245,000 $ 245,000 $ 0

Mortgage Loan Application Detail Totals for Fortress Bank in 2018

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
Home Purchase 502 $60,330,000 $120,000 $785,000 $85,000 $1,796,000
Refinancing 56 $8,360,000 $149,000 $1,685,000 $104,000 $507,000
Cash-out Refinancing 43 $6,415,000 $149,000 $885,000 $113,000 $559,000
Home Improvement 7 $705,000 $100,000 $285,000 $140,000 $245,000
Not Applicable 2 $170,000 $85,000 $135,000 $44,000 $72,000
Other Purpose 1 $45,000 $45,000 $45,000 $105,000 $105,000

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 525 $66,395,000 $126,000 $1,685,000 $88,000 $1,796,000
Not Provided 30 $3,210,000 $107,000 $295,000 $101,000 $220,000
Black or African American 19 $1,575,000 $82,000 $195,000 $69,000 $169,000
Hispanic 19 $2,095,000 $110,000 $295,000 $60,000 $161,000
Asian 12 $1,970,000 $164,000 $405,000 $155,000 $559,000
Not applicable 5 $535,000 $107,000 $295,000 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 463 $59,215,000 $127,000 $1,685,000 $99,000 $1,796,000
FHA-insured (Federal Housing Administration) 95 $10,095,000 $106,000 $255,000 $57,000 $166,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 27 $2,165,000 $80,000 $135,000 $44,000 $78,000
VA-guaranteed (Veterans Administration) 26 $4,550,000 $175,000 $385,000 $86,000 $176,000

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 514 $64,610,000 $125,000 $1,685,000 $91,000 $1,796,000
Application Withdrawn By Applicant 47 $5,895,000 $125,000 $355,000 $84,000 $381,000
Application Denied By Financial Institution 35 $3,465,000 $99,000 $405,000 $72,000 $559,000
Application Approved But Not Accepted 14 $2,020,000 $144,000 $445,000 $97,000 $218,000
File Closed For Incompleteness 1 $35,000 $35,000 $35,000 $32,000 $32,000
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
Not applicable 576 $72,560,000 $125,000 $1,685,000 $90,000 $1,796,000
Credit History 12 $930,000 $77,000 $165,000 $45,000 $83,000
Debt-To-Income Ratio 6 $740,000 $123,000 $225,000 $56,000 $107,000
Other 6 $530,000 $88,000 $125,000 $97,000 $160,000
Collateral 5 $615,000 $123,000 $405,000 $164,000 $559,000
Insufficient Cash (Downpayment, Closing Cost) 4 $610,000 $152,000 $385,000 $52,000 $112,000
Credit Application Incomplete 1 $15,000 $15,000 $15,000 $8,000 $8,000
Employment History 1 $25,000 $25,000 $25,000 $23,000 $23,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Fortress Bank's 2018 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 Fortress 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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