Foundation One Bank Mortgage Lending & HMDA Data, 2017
In 2017, Foundation One Bank of Omaha, NE reported 152 mortgage applications totaling $33.3 million, down 65% from 2016. The average application was for $218,901, and applicants reported an average income of $142,315. 82% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Omaha-Council Bluffs, NE-IA (114), Dallas-Plano-Irving, TX (2) and Daphne-Fairhope-Foley, AL (2) (applications in parentheses).
| Mortgage Company & Address | Foundation One Bank 4141 N 156th St Suite 101 Omaha, NE 68116 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 152 |
| Total Mortgage Loan Application Amount | $33,273,000 |
| Average Mortgage Loan Application Amount | $218,901 |
| Highest Mortgage Loan Application Amount | $975,000 |
| Average Applicant Income | $142,315 |
| Highest Applicant Income | $871,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Foundation One Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Omaha-Council Bluffs, NE-IA | 114 | $ 23,460,000 | $ 205,789 | $ 137,570 |
| Dallas-Plano-Irving, TX | 2 | $ 182,000 | $ 91,000 | $ 52,000 |
| Daphne-Fairhope-Foley, AL | 2 | $ 573,000 | $ 286,500 | $ 172,000 |
| Grand Island, NE | 2 | $ 305,000 | $ 152,500 | $ 59,000 |
| Lincoln, NE | 2 | $ 325,000 | $ 162,500 | $ 53,000 |
| Memphis, TN-MS-AR | 2 | $ 311,000 | $ 155,500 | $ 103,500 |
| Oklahoma City, OK | 2 | $ 310,000 | $ 155,000 | $ 471,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 1,199,000 | $ 599,500 | $ 53,000 |
| Bakersfield, CA | 1 | $ 220,000 | $ 220,000 | $ 556,000 |
| Elgin, IL | 1 | $ 295,000 | $ 295,000 | $ 125,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 272,000 | $ 272,000 | $ 193,000 |
| Fresno, CA | 1 | $ 364,000 | $ 364,000 | $ 183,000 |
| Greeley, CO | 1 | $ 174,000 | $ 174,000 | $ 328,000 |
| Jefferson City, MO | 1 | $ 200,000 | $ 200,000 | $ 222,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 224,000 | $ 224,000 | $ 65,000 |
| Mobile, AL | 1 | $ 366,000 | $ 366,000 | $ 180,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 616,000 | $ 616,000 | $ 159,000 |
| Silver Spring-Frederick-Rockville, MD | 1 | $ 888,000 | $ 888,000 | $ 190,000 |
| Springfield, MO | 1 | $ 224,000 | $ 224,000 | $ 212,000 |
| Wichita, KS | 1 | $ 193,000 | $ 193,000 | $ 113,000 |
Mortgage Loan Application Detail Totals for Foundation One Bank in 2017
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 | 82 | $18,387,000 | $224,000 | $975,000 | $142,000 | $556,000 |
| Refinancing | 66 | $14,375,000 | $217,000 | $750,000 | $144,000 | $871,000 |
| Home Improvement | 4 | $511,000 | $127,000 | $429,000 | $121,000 | $322,000 |
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 | 131 | $29,200,000 | $222,000 | $888,000 | $134,000 | $871,000 |
| Not Provided | 7 | $787,000 | $112,000 | $310,000 | $271,000 | $547,000 |
| Not applicable | 4 | $1,175,000 | $293,000 | $975,000 | $0 | $0 |
| Asian | 3 | $424,000 | $141,000 | $176,000 | $271,000 | $647,000 |
| Black or African American | 3 | $565,000 | $188,000 | $220,000 | $236,000 | $556,000 |
| Hispanic | 3 | $693,000 | $231,000 | $364,000 | $107,000 | $183,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $429,000 | $429,000 | $429,000 | $322,000 | $322,000 |
| 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) | 152 | $33,273,000 | $218,000 | $975,000 | $142,000 | $871,000 |
| 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 | 125 | $25,978,000 | $207,000 | $975,000 | $142,000 | $647,000 |
| Application Approved But Not Accepted | 15 | $4,727,000 | $315,000 | $888,000 | $175,000 | $871,000 |
| Application Denied By Financial Institution | 11 | $2,342,000 | $212,000 | $350,000 | $101,000 | $208,000 |
| Application Withdrawn By Applicant | 1 | $226,000 | $226,000 | $226,000 | $99,000 | $99,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 4 | $923,000 | $230,000 | $350,000 | $120,000 | $208,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $703,000 | $234,000 | $271,000 | $76,000 | $91,000 |
| Collateral | 2 | $341,000 | $170,000 | $191,000 | $101,000 | $132,000 |
| Unverifiable Information | 1 | $140,000 | $140,000 | $140,000 | $130,000 | $130,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Foundation One Bank's 2017 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 Foundation One 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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