Gold Coast Bank Mortgage Lending & HMDA Data, 2022
In 2022, Gold Coast Bank of Chicago, IL reported 404 mortgage applications totaling $219.4 million, down 56% from 2021. The average application was for $542,945, and applicants reported an average income of $280,836. 91% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Chicago-Naperville, IL (307), Lake County-Kenosha County, IL-WI (23) and Miami-Miami Beach-Kendall, FL (7) (applications in parentheses).
| Mortgage Company & Address | Gold Coast Bank 1165 N. Clark St., Suite 200 Chicago, IL 60610 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 2008 |
| Total Number of Mortgage Applications | 404 |
| Total Mortgage Loan Application Amount | $219,350,000 |
| Average Mortgage Loan Application Amount | $542,945 |
| Highest Mortgage Loan Application Amount | $5,715,000 |
| Average Applicant Income | $280,836 |
| Highest Applicant Income | $6,277,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gold Coast Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chicago-Naperville, IL | 307 | $ 165,165,000 | $ 537,996 | $ 271,000 |
| Lake County-Kenosha County, IL-WI | 23 | $ 14,305,000 | $ 621,956 | $ 375,739 |
| Outside any metro area | 9 | $ 4,815,000 | $ 535,000 | $ 387,777 |
| Miami-Miami Beach-Kendall, FL | 7 | $ 3,745,000 | $ 535,000 | $ 176,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 6 | $ 4,110,000 | $ 685,000 | $ 205,000 |
| Los Angeles-Long Beach-Glendale, CA | 4 | $ 3,070,000 | $ 767,500 | $ 165,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 2,435,000 | $ 811,666 | $ 495,000 |
| Niles-Benton Harbor, MI | 3 | $ 1,305,000 | $ 435,000 | $ 165,000 |
| Albany-Schenectady-Troy, NY | 2 | $ 240,000 | $ 120,000 | $ 0 |
| Columbus, OH | 2 | $ 860,000 | $ 430,000 | $ 284,000 |
| Elgin, IL | 2 | $ 500,000 | $ 250,000 | $ 116,000 |
| Las Vegas-Henderson-Paradise, NV | 2 | $ 980,000 | $ 490,000 | $ 166,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 1,100,000 | $ 550,000 | $ 408,000 |
| New Orleans-Metairie, LA | 2 | $ 480,000 | $ 240,000 | $ 0 |
| Racine, WI | 2 | $ 980,000 | $ 490,000 | $ 666,000 |
| Spokane-Spokane Valley, WA | 2 | $ 710,000 | $ 355,000 | $ 126,000 |
| Springfield, MO | 2 | $ 380,000 | $ 190,000 | $ 338,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 645,000 | $ 645,000 | $ 686,000 |
| Austin-Round Rock, TX | 1 | $ 435,000 | $ 435,000 | $ 132,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 145,000 | $ 145,000 | $ 162,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 1,475,000 | $ 1,475,000 | $ 515,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 1,855,000 | $ 1,855,000 | $ 0 |
| Charleston-North Charleston, SC | 1 | $ 765,000 | $ 765,000 | $ 325,000 |
| Dallas-Plano-Irving, TX | 1 | $ 585,000 | $ 585,000 | $ 239,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 755,000 | $ 755,000 | $ 300,000 |
| Dubuque, IA | 1 | $ 215,000 | $ 215,000 | $ 290,000 |
| Elkhart-Goshen, IN | 1 | $ 245,000 | $ 245,000 | $ 69,000 |
| Fort Worth-Arlington, TX | 1 | $ 655,000 | $ 655,000 | $ 440,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 225,000 | $ 225,000 | $ 173,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 185,000 | $ 185,000 | $ 237,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 205,000 | $ 205,000 | $ 66,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 75,000 | $ 75,000 | $ 50,000 |
| Ogden-Clearfield, UT | 1 | $ 645,000 | $ 645,000 | $ 735,000 |
| Rockingham County-Strafford County, NH | 1 | $ 555,000 | $ 555,000 | $ 425,000 |
| San Diego-Carlsbad, CA | 1 | $ 645,000 | $ 645,000 | $ 340,000 |
| Sebastian-Vero Beach, FL | 1 | $ 545,000 | $ 545,000 | $ 638,000 |
| St. Louis, MO-IL | 1 | $ 405,000 | $ 405,000 | $ 340,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 825,000 | $ 825,000 | $ 207,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 115,000 | $ 115,000 | $ 663,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 1,655,000 | $ 1,655,000 | $ 376,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 315,000 | $ 315,000 | $ 200,000 |
Mortgage Loan Application Detail Totals for Gold Coast Bank in 2022
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 | 283 | $151,685,000 | $535,000 | $5,715,000 | $264,000 | $1,705,000 |
| Refinancing | 71 | $43,005,000 | $605,000 | $1,785,000 | $272,000 | $1,307,000 |
| Cash-out Refinancing | 39 | $19,265,000 | $493,000 | $1,215,000 | $397,000 | $6,277,000 |
| Home Improvement | 7 | $3,825,000 | $546,000 | $1,005,000 | $417,000 | $841,000 |
| Other Purpose | 4 | $1,570,000 | $392,000 | $805,000 | $258,000 | $425,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 227 | $123,585,000 | $544,000 | $2,125,000 | $278,000 | $1,307,000 |
| Not Provided | 97 | $50,365,000 | $519,000 | $3,255,000 | $271,000 | $1,705,000 |
| Hispanic | 31 | $11,445,000 | $369,000 | $1,435,000 | $342,000 | $6,277,000 |
| Not applicable | 24 | $20,860,000 | $869,000 | $5,715,000 | $0 | $0 |
| Asian | 17 | $10,155,000 | $597,000 | $1,475,000 | $269,000 | $600,000 |
| Black or African American | 7 | $2,825,000 | $403,000 | $755,000 | $300,000 | $875,000 |
| 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) | 392 | $215,510,000 | $549,000 | $5,715,000 | $288,000 | $6,277,000 |
| FHA-insured (Federal Housing Administration) | 12 | $3,840,000 | $320,000 | $425,000 | $107,000 | $183,000 |
| 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 | 369 | $202,615,000 | $549,000 | $5,715,000 | $285,000 | $6,277,000 |
| Application Withdrawn By Applicant | 18 | $8,920,000 | $495,000 | $1,805,000 | $312,000 | $663,000 |
| Application Approved But Not Accepted | 13 | $6,185,000 | $475,000 | $1,275,000 | $215,000 | $616,000 |
| Application Denied By Financial Institution | 3 | $1,325,000 | $441,000 | $705,000 | $152,000 | $251,000 |
| File Closed For Incompleteness | 1 | $305,000 | $305,000 | $305,000 | $79,000 | $79,000 |
| 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 | 401 | $218,025,000 | $543,000 | $5,715,000 | $283,000 | $6,277,000 |
| Other | 1 | $705,000 | $705,000 | $705,000 | $153,000 | $153,000 |
| Unverifiable Information | 1 | $525,000 | $525,000 | $525,000 | $251,000 | $251,000 |
| Collateral | 1 | $95,000 | $95,000 | $95,000 | $54,000 | $54,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gold Coast Bank's 2022 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 Gold Coast 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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