Fnb Lagrange Mortgage Lending & HMDA Data, 2014
In 2014, Fnb Lagrange of Lagrange, IL reported 151 mortgage applications totaling $42.4 million. The average application was for $280,496, and applicants reported an average income of $161,264. 74% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (135), Elgin, IL (5) and Michigan City-La Porte, IN (2) (applications in parentheses).
| Mortgage Company & Address | Fnb Lagrange 620 W Burlington Ave Lagrange, IL 60525 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 |
| Total Number of Mortgage Applications | 151 |
| Total Mortgage Loan Application Amount | $42,355,000 |
| Average Mortgage Loan Application Amount | $280,496 |
| Highest Mortgage Loan Application Amount | $1,720,000 |
| Average Applicant Income | $161,264 |
| Highest Applicant Income | $736,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fnb Lagrange filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chicago-Naperville-Arlington Heights, IL | 135 | $ 38,418,000 | $ 284,577 | $ 161,000 |
| Elgin, IL | 5 | $ 1,089,000 | $ 217,800 | $ 117,000 |
| Michigan City-La Porte, IN | 2 | $ 427,000 | $ 213,500 | $ 182,000 |
| Kalamazoo-Portage, MI | 1 | $ 110,000 | $ 110,000 | $ 146,000 |
| Madison, WI | 1 | $ 290,000 | $ 290,000 | $ 120,000 |
| Niles-Benton Harbor, MI | 1 | $ 780,000 | $ 780,000 | $ 536,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 274,000 | $ 274,000 | $ 208,000 |
Mortgage Loan Application Detail Totals for Fnb Lagrange in 2014
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 | 74 | $20,158,000 | $272,000 | $900,000 | $180,000 | $720,000 |
| Refinancing | 71 | $20,873,000 | $293,000 | $1,720,000 | $147,000 | $736,000 |
| Home Improvement | 6 | $1,324,000 | $220,000 | $380,000 | $99,000 | $172,000 |
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 | 120 | $33,084,000 | $275,000 | $1,720,000 | $162,000 | $631,000 |
| Not Provided | 13 | $5,006,000 | $385,000 | $784,000 | $290,000 | $736,000 |
| Hispanic | 10 | $1,952,000 | $195,000 | $380,000 | $65,000 | $146,000 |
| Asian | 4 | $933,000 | $233,000 | $355,000 | $105,000 | $184,000 |
| Not applicable | 3 | $1,191,000 | $397,000 | $690,000 | $0 | $0 |
| Black or African American | 1 | $189,000 | $189,000 | $189,000 | $80,000 | $80,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 151 | $42,355,000 | $280,000 | $1,720,000 | $162,000 | $736,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 111 | $31,391,000 | $282,000 | $1,720,000 | $157,000 | $720,000 |
| Application Denied By Financial Institution | 20 | $5,098,000 | $254,000 | $417,000 | $152,000 | $736,000 |
| Application Withdrawn By Applicant | 14 | $3,951,000 | $282,000 | $784,000 | $188,000 | $631,000 |
| File Closed For Incompleteness | 5 | $1,129,000 | $225,000 | $400,000 | $143,000 | $300,000 |
| Application Approved But Not Accepted | 1 | $786,000 | $786,000 | $786,000 | $628,000 | $628,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 6 | $1,387,000 | $231,000 | $358,000 | $61,000 | $90,000 |
| Collateral | 5 | $1,552,000 | $310,000 | $417,000 | $284,000 | $495,000 |
| Credit History | 3 | $798,000 | $266,000 | $353,000 | $315,000 | $736,000 |
| Other | 2 | $415,000 | $207,000 | $295,000 | $55,000 | $110,000 |
| Unverifiable Information | 1 | $195,000 | $195,000 | $195,000 | $120,000 | $120,000 |
| Credit Application Incomplete | 1 | $187,000 | $187,000 | $187,000 | $78,000 | $78,000 |
| Employment History | 1 | $375,000 | $375,000 | $375,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $189,000 | $189,000 | $189,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fnb Lagrange's 2014 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 Fnb Lagrange'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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