Freestar Bank N.A. Mortgage Lending & HMDA Data, 2011
In 2011, Freestar Bank N.A. of Pontiac, IL reported 607 mortgage applications totaling $79.4 million. The average application was for $130,785, and applicants reported an average income of $77,695. 83% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Bloomington-Normal, IL (295), Champaign-Urbana, IL (145) and Peoria, IL (14) (applications in parentheses).
| Mortgage Company & Address | Freestar Bank N.A. 223 N Mill Street Pontiac, IL 61764 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 |
| Total Number of Mortgage Applications | 607 |
| Total Mortgage Loan Application Amount | $79,387,000 |
| Average Mortgage Loan Application Amount | $130,785 |
| Highest Mortgage Loan Application Amount | $1,700,000 |
| Average Applicant Income | $77,695 |
| Highest Applicant Income | $639,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Freestar Bank N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| McLean, Illinois | 295 | $ 39,932,000 | $ 135,362 | $ 80,000 |
| Champaign, Illinois | 137 | $ 20,222,000 | $ 147,605 | $ 82,000 |
| Livingston, Illinois | 119 | $ 11,136,000 | $ 93,579 | $ 67,000 |
| De Witt, Illinois | 6 | $ 685,000 | $ 114,166 | $ 63,000 |
| Piatt, Illinois | 6 | $ 1,306,000 | $ 217,666 | $ 32,000 |
| Woodford, Illinois | 6 | $ 588,000 | $ 98,000 | $ 40,000 |
| Peoria, Illinois | 5 | $ 1,103,000 | $ 220,600 | $ 104,000 |
| Douglas, Illinois | 4 | $ 207,000 | $ 51,750 | $ 68,000 |
| Vermilion, Illinois | 3 | $ 310,000 | $ 103,333 | $ 94,000 |
| Coles, Illinois | 2 | $ 423,000 | $ 211,500 | $ 20,000 |
| Ford, Illinois | 2 | $ 79,000 | $ 39,500 | $ 61,000 |
| Kendall, Illinois | 2 | $ 225,000 | $ 112,500 | $ 47,000 |
| LaSalle, Illinois | 2 | $ 253,000 | $ 126,500 | $ 68,000 |
| Logan, Illinois | 2 | $ 265,000 | $ 132,500 | $ 61,000 |
| Tazewell, Illinois | 2 | $ 415,000 | $ 207,500 | $ 124,000 |
| Camden, Missouri | 2 | $ 242,000 | $ 121,000 | $ 173,000 |
| Charlotte, Florida | 1 | $ 150,000 | $ 150,000 | $ 266,000 |
| Christian, Illinois | 1 | $ 117,000 | $ 117,000 | $ 56,000 |
| Cook, Illinois | 1 | $ 511,000 | $ 511,000 | $ 0 |
| DuPage, Illinois | 1 | $ 303,000 | $ 303,000 | $ 144,000 |
| Franklin, Illinois | 1 | $ 69,000 | $ 69,000 | $ 48,000 |
| Kane, Illinois | 1 | $ 73,000 | $ 73,000 | $ 31,000 |
| Knox, Illinois | 1 | $ 60,000 | $ 60,000 | $ 31,000 |
| Marshall, Illinois | 1 | $ 38,000 | $ 38,000 | $ 44,000 |
| Mason, Illinois | 1 | $ 105,000 | $ 105,000 | $ 639,000 |
| McDonough, Illinois | 1 | $ 70,000 | $ 70,000 | $ 30,000 |
| Durham, North Carolina | 1 | $ 300,000 | $ 300,000 | $ 106,000 |
| Beaufort, South Carolina | 1 | $ 200,000 | $ 200,000 | $ 107,000 |
Mortgage Loan Application Detail Totals for Freestar Bank N.A. in 2011
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 | 392 | $56,194,000 | $143,000 | $1,700,000 | $80,000 | $347,000 |
| Home Purchase | 162 | $19,103,000 | $117,000 | $384,000 | $73,000 | $639,000 |
| Home Improvement | 53 | $4,090,000 | $77,000 | $250,000 | $75,000 | $225,000 |
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 | 550 | $65,753,000 | $119,000 | $478,000 | $80,000 | $639,000 |
| Not applicable | 20 | $8,299,000 | $414,000 | $1,700,000 | $0 | $0 |
| Black or African American | 12 | $1,598,000 | $133,000 | $384,000 | $93,000 | $456,000 |
| Asian | 10 | $1,889,000 | $188,000 | $356,000 | $113,000 | $190,000 |
| Hispanic | 7 | $594,000 | $84,000 | $112,000 | $67,000 | $102,000 |
| Not Provided | 6 | $1,149,000 | $191,000 | $341,000 | $59,000 | $127,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $66,000 | $66,000 | $66,000 | $19,000 | $19,000 |
| American Indian or Alaskan Native | 1 | $39,000 | $39,000 | $39,000 | $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) | 568 | $75,109,000 | $132,000 | $1,700,000 | $80,000 | $639,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 22 | $2,112,000 | $96,000 | $168,000 | $38,000 | $62,000 |
| FHA-insured (Federal Housing Administration) | 14 | $1,718,000 | $122,000 | $219,000 | $61,000 | $158,000 |
| VA-guaranteed (Veterans Administration) | 3 | $448,000 | $149,000 | $225,000 | $48,000 | $64,000 |
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 | 503 | $66,123,000 | $131,000 | $1,700,000 | $78,000 | $639,000 |
| Application Denied By Financial Institution | 83 | $10,735,000 | $129,000 | $900,000 | $75,000 | $347,000 |
| Application Approved But Not Accepted | 17 | $1,846,000 | $108,000 | $306,000 | $64,000 | $163,000 |
| File Closed For Incompleteness | 4 | $683,000 | $170,000 | $306,000 | $143,000 | $200,000 |
| Application Withdrawn By Applicant | 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 |
|---|---|---|---|---|---|---|
| Collateral | 38 | $4,119,000 | $108,000 | $240,000 | $83,000 | $347,000 |
| Credit History | 19 | $1,859,000 | $97,000 | $355,000 | $70,000 | $176,000 |
| Debt-To-Income Ratio | 18 | $3,670,000 | $203,000 | $900,000 | $69,000 | $214,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $246,000 | $82,000 | $112,000 | $30,000 | $59,000 |
| Other | 3 | $576,000 | $192,000 | $341,000 | $76,000 | $120,000 |
| Mortgage Insurance Denied | 1 | $214,000 | $214,000 | $214,000 | $117,000 | $117,000 |
| Employment History | 1 | $51,000 | $51,000 | $51,000 | $41,000 | $41,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Freestar Bank N.A.'s 2011 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 Freestar Bank N.A.'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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