Firstmerit Bank NA Mortgage Lending & HMDA Data, 2015
In 2015, Firstmerit Bank NA of Akron, OH reported 5,807 mortgage applications totaling $973.0 million, down 26% from 2014. The average application was for $167,563, and applicants reported an average income of $88,535. 50% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Cleveland-Elyria, OH (1,033), Akron, OH (615) and Canton-Massillon, OH (440) (applications in parentheses).
| Mortgage Company & Address | Firstmerit Bank NA III Cascade Plaza - Cas46 Akron, OH 44308 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 5,807 |
| Total Mortgage Loan Application Amount | $973,042,000 |
| Average Mortgage Loan Application Amount | $167,563 |
| Highest Mortgage Loan Application Amount | $30,334,000 |
| Average Applicant Income | $88,535 |
| Highest Applicant Income | $5,897,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Firstmerit Bank NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cleveland-Elyria, OH | 1,033 | $ 142,166,000 | $ 137,624 | $ 83,000 |
| Akron, OH | 615 | $ 86,631,000 | $ 140,863 | $ 95,000 |
| Canton-Massillon, OH | 440 | $ 37,135,000 | $ 84,397 | $ 73,000 |
| Chicago-Naperville-Arlington Heights, IL | 360 | $ 104,259,000 | $ 289,608 | $ 149,000 |
| Warren-Troy-Farmington Hills, MI | 304 | $ 82,664,000 | $ 271,921 | $ 150,000 |
| Flint, MI | 291 | $ 16,526,000 | $ 56,790 | $ 63,000 |
| Columbus, OH | 181 | $ 50,511,000 | $ 279,066 | $ 125,000 |
| Detroit-Dearborn-Livonia, MI | 160 | $ 18,875,000 | $ 117,968 | $ 95,000 |
| Saginaw, MI | 130 | $ 5,936,000 | $ 45,661 | $ 59,000 |
| Lansing-East Lansing, MI | 84 | $ 5,440,000 | $ 64,761 | $ 96,000 |
| Mansfield, OH | 79 | $ 3,962,000 | $ 50,151 | $ 55,000 |
| Green Bay, WI | 76 | $ 13,380,000 | $ 176,052 | $ 86,000 |
| Bay City, MI | 72 | $ 3,521,000 | $ 48,902 | $ 58,000 |
| Jackson, MI | 69 | $ 5,922,000 | $ 85,826 | $ 78,000 |
| Ann Arbor, MI | 54 | $ 7,936,000 | $ 146,962 | $ 115,000 |
| Lake County-Kenosha County, IL-WI | 44 | $ 14,127,000 | $ 321,068 | $ 169,227 |
| Toledo, OH | 44 | $ 9,906,000 | $ 225,136 | $ 75,000 |
| Appleton, WI | 43 | $ 4,205,000 | $ 97,790 | $ 73,000 |
| Midland, MI | 35 | $ 4,046,000 | $ 115,600 | $ 89,000 |
| Youngstown-Warren-Boardman, OH-PA | 34 | $ 2,770,000 | $ 81,470 | $ 45,882 |
| Grand Rapids-Wyoming, MI | 29 | $ 2,979,000 | $ 102,724 | $ 82,000 |
| Muskegon, MI | 26 | $ 1,120,000 | $ 43,076 | $ 61,000 |
| Monroe, MI | 20 | $ 1,397,000 | $ 69,850 | $ 59,000 |
| Milwaukee-Waukesha-West Allis, WI | 18 | $ 2,437,000 | $ 135,388 | $ 105,000 |
| Oshkosh-Neenah, WI | 18 | $ 8,394,000 | $ 466,333 | $ 72,000 |
| Duluth, MN-WI | 14 | $ 1,395,000 | $ 99,642 | $ 54,000 |
| Pittsburgh, PA | 13 | $ 5,517,000 | $ 424,384 | $ 112,000 |
| Indianapolis-Carmel-Anderson, IN | 9 | $ 223,000 | $ 24,777 | $ 74,000 |
| Cape Coral-Fort Myers, FL | 8 | $ 3,419,000 | $ 427,375 | $ 256,000 |
| Madison, WI | 8 | $ 29,127,000 | $ 3,640,875 | $ 45,000 |
| Battle Creek, MI | 7 | $ 311,000 | $ 44,428 | $ 43,000 |
| Dayton, OH | 7 | $ 15,103,000 | $ 2,157,571 | $ 42,000 |
| Elgin, IL | 7 | $ 1,031,000 | $ 147,285 | $ 114,000 |
| Cincinnati, OH-KY-IN | 6 | $ 11,961,000 | $ 1,993,500 | $ 81,000 |
| Naples-Immokalee-Marco Island, FL | 6 | $ 7,083,000 | $ 1,180,500 | $ 930,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 5 | $ 1,068,000 | $ 213,600 | $ 249,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 4 | $ 260,000 | $ 65,000 | $ 77,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 925,000 | $ 231,250 | $ 77,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 3 | $ 2,926,000 | $ 975,333 | $ 660,000 |
| Janesville-Beloit, WI | 3 | $ 338,000 | $ 112,666 | $ 18,000 |
| Kalamazoo-Portage, MI | 3 | $ 174,000 | $ 58,000 | $ 83,000 |
| North Port-Sarasota-Bradenton, FL | 3 | $ 2,465,000 | $ 821,666 | $ 762,000 |
| South Bend-Mishawaka, IN-MI | 3 | $ 9,752,000 | $ 3,250,666 | $ 53,666 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 1,347,000 | $ 449,000 | $ 500,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 19,099,000 | $ 9,549,500 | $ 59,500 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 262,000 | $ 131,000 | $ 136,000 |
| Lakeland-Winter Haven, FL | 2 | $ 478,000 | $ 239,000 | $ 225,000 |
| Springfield, OH | 2 | $ 224,000 | $ 112,000 | $ 104,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 3,009,000 | $ 1,504,500 | $ 894,000 |
| Asheville, NC | 1 | $ 227,000 | $ 227,000 | $ 68,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 1 | $ 9,400,000 | $ 9,400,000 | $ 0 |
| Charleston-North Charleston, SC | 1 | $ 250,000 | $ 250,000 | $ 88,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 282,000 | $ 282,000 | $ 172,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 81,000 | $ 81,000 | $ 62,000 |
| Fond Du Lac, WI | 1 | $ 58,000 | $ 58,000 | $ 32,000 |
| Gary, IN | 1 | $ 1,150,000 | $ 1,150,000 | $ 0 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 13,869,000 | $ 13,869,000 | $ 0 |
| Homosassa Springs, FL | 1 | $ 104,000 | $ 104,000 | $ 81,000 |
| Kokomo, IN | 1 | $ 3,038,000 | $ 3,038,000 | $ 0 |
| Lafayette-West Lafayette, IN | 1 | $ 19,000 | $ 19,000 | $ 70,000 |
| Lexington-Fayette, KY | 1 | $ 14,535,000 | $ 14,535,000 | $ 0 |
| Louisville/Jefferson County, KY-IN | 1 | $ 30,334,000 | $ 30,334,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 500,000 | $ 500,000 | $ 245,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 540,000 | $ 540,000 | $ 173,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 179,000 | $ 179,000 | $ 65,000 |
| Niles-Benton Harbor, MI | 1 | $ 160,000 | $ 160,000 | $ 0 |
| Ocala, FL | 1 | $ 40,000 | $ 40,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 1,000,000 | $ 1,000,000 | $ 386,000 |
| Rockford, IL | 1 | $ 49,000 | $ 49,000 | $ 80,000 |
| Sheboygan, WI | 1 | $ 60,000 | $ 60,000 | $ 104,000 |
| St. Louis, MO-IL | 1 | $ 56,000 | $ 56,000 | $ 54,000 |
| Tuscaloosa, AL | 1 | $ 6,350,000 | $ 6,350,000 | $ 0 |
| Wheeling, WV-OH | 1 | $ 329,000 | $ 329,000 | $ 257,000 |
Mortgage Loan Application Detail Totals for Firstmerit Bank NA in 2015
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 | 2,926 | $384,422,000 | $131,000 | $10,325,000 | $91,000 | $1,900,000 |
| Home Purchase | 1,482 | $478,412,000 | $322,000 | $30,334,000 | $104,000 | $5,897,000 |
| Home Improvement | 1,399 | $110,208,000 | $78,000 | $12,874,000 | $67,000 | $1,400,000 |
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 | 4,196 | $377,013,000 | $89,000 | $2,350,000 | $85,000 | $5,897,000 |
| Not Provided | 899 | $188,562,000 | $209,000 | $4,000,000 | $134,000 | $3,500,000 |
| Black or African American | 406 | $20,848,000 | $51,000 | $762,000 | $51,000 | $600,000 |
| Hispanic | 153 | $9,561,000 | $62,000 | $506,000 | $62,000 | $433,000 |
| Not applicable | 79 | $369,979,000 | $4,683,000 | $30,334,000 | $0 | $0 |
| Asian | 49 | $6,049,000 | $123,000 | $915,000 | $110,000 | $525,000 |
| American Indian or Alaskan Native | 21 | $632,000 | $30,000 | $82,000 | $47,000 | $102,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $398,000 | $99,000 | $260,000 | $66,000 | $137,000 |
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) | 5,487 | $943,225,000 | $171,000 | $30,334,000 | $92,000 | $5,897,000 |
| FHA-insured (Federal Housing Administration) | 251 | $22,759,000 | $90,000 | $235,000 | $41,000 | $126,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 47 | $4,692,000 | $99,000 | $204,000 | $32,000 | $69,000 |
| VA-guaranteed (Veterans Administration) | 22 | $2,366,000 | $107,000 | $316,000 | $58,000 | $138,000 |
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 | 2,880 | $566,014,000 | $196,000 | $20,250,000 | $109,000 | $5,897,000 |
| Application Denied By Financial Institution | 1,751 | $182,132,000 | $104,000 | $30,334,000 | $64,000 | $1,992,000 |
| Application Withdrawn By Applicant | 733 | $154,276,000 | $210,000 | $21,050,000 | $73,000 | $1,651,000 |
| Application Approved But Not Accepted | 177 | $30,429,000 | $171,000 | $14,535,000 | $88,000 | $984,000 |
| File Closed For Incompleteness | 136 | $29,698,000 | $218,000 | $2,000,000 | $116,000 | $745,000 |
| Preapproval Denied by Financial Institution | 66 | $6,265,000 | $94,000 | $324,000 | $27,000 | $111,000 |
| Loan Purchased By The Institution | 64 | $4,228,000 | $66,000 | $139,000 | $39,000 | $136,000 |
| Preapproval Approved but not Accepted | 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 History | 726 | $48,385,000 | $66,000 | $12,874,000 | $53,000 | $1,284,000 |
| Debt-To-Income Ratio | 570 | $44,564,000 | $78,000 | $1,480,000 | $49,000 | $506,000 |
| Collateral | 252 | $65,234,000 | $258,000 | $30,334,000 | $94,000 | $1,992,000 |
| Credit Application Incomplete | 119 | $8,014,000 | $67,000 | $426,000 | $100,000 | $1,811,000 |
| Other | 80 | $15,698,000 | $196,000 | $9,500,000 | $118,000 | $773,000 |
| Unverifiable Information | 51 | $4,591,000 | $90,000 | $629,000 | $46,000 | $386,000 |
| Employment History | 16 | $1,332,000 | $83,000 | $300,000 | $34,000 | $135,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $579,000 | $193,000 | $399,000 | $80,000 | $180,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Firstmerit Bank NA's 2015 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 Firstmerit Bank NA'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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About