Harris Bank Cary-Grove Mortgage Lending & HMDA Data, 2004
In 2004, Harris Bank Cary-Grove of Cary, IL reported 119 mortgage applications totaling $19.8 million, down 56% from 2003. The average application was for $166,369, and applicants reported an average income of $61,176. 42% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (81), Lake County-Kenosha County, IL-WI (14) and Rockford, IL (3) (applications in parentheses).
| Mortgage Company & Address | Harris Bank Cary-Grove 122 West Main Street Cary, IL 60013 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 119 |
| Total Mortgage Loan Application Amount | $19,798,000 |
| Average Mortgage Loan Application Amount | $166,369 |
| Highest Mortgage Loan Application Amount | $1,808,000 |
| Average Applicant Income | $61,176 |
| Highest Applicant Income | $801,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Harris Bank Cary-Grove filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| McHenry, Illinois | 63 | $ 8,265,000 | $ 131,190 | $ 79,000 |
| Walworth, Wisconsin | 15 | $ 2,587,000 | $ 172,466 | $ 0 |
| Lake, Illinois | 14 | $ 2,291,000 | $ 163,642 | $ 52,000 |
| Cook, Illinois | 13 | $ 2,505,000 | $ 192,692 | $ 113,000 |
| Kane, Illinois | 4 | $ 181,000 | $ 45,250 | $ 69,000 |
| Boone, Illinois | 3 | $ 224,000 | $ 74,666 | $ 306,000 |
| Maricopa, Arizona | 2 | $ 1,922,000 | $ 961,000 | $ 0 |
| DuPage, Illinois | 1 | $ 428,000 | $ 428,000 | $ 0 |
| LaSalle, Illinois | 1 | $ 65,000 | $ 65,000 | $ 98,000 |
| Clark, Nevada | 1 | $ 196,000 | $ 196,000 | $ 0 |
| Washoe, Nevada | 1 | $ 334,000 | $ 334,000 | $ 0 |
| Dane, Wisconsin | 1 | $ 800,000 | $ 800,000 | $ 0 |
Mortgage Loan Application Detail Totals for Harris Bank Cary-Grove in 2004
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 | 68 | $9,847,000 | $213,000 | $625,000 | $26,000 | $801,000 |
| Refinancing | 33 | $7,824,000 | $531,500 | $1,808,000 | $7,000 | $150,000 |
| Home Improvement | 18 | $2,127,000 | $118,000 | $448,000 | $134,000 | $333,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 66 | $15,365,000 | $411,000 | $1,808,000 | $0 | $0 |
| White | 39 | $2,928,000 | $75,000 | $448,000 | $119,000 | $801,000 |
| Not Provided | 9 | $616,000 | $68,000 | $320,000 | $116,000 | $215,000 |
| Hispanic | 5 | $889,000 | $177,000 | $535,000 | $54,000 | $90,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 119 | $19,798,000 | $394,500 | $1,808,000 | $20,250 | $801,000 |
| 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 Purchased By The Institution | 64 | $14,407,000 | $401,500 | $1,808,000 | $0 | $0 |
| Loan Originated | 50 | $5,204,000 | $444,500 | $800,000 | $55,000 | $801,000 |
| Application Denied By Financial Institution | 4 | $119,000 | $29,000 | $60,000 | $38,000 | $45,000 |
| Application Approved But Not Accepted | 1 | $68,000 | $68,000 | $68,000 | $200,000 | $200,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 3 | $97,000 | $32,000 | $60,000 | $39,000 | $45,000 |
| Credit History | 1 | $22,000 | $22,000 | $22,000 | $38,000 | $38,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Harris Bank Cary-Grove's 2004 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 Harris Bank Cary-Grove'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 Illinois, download the full spreadsheet
with aggregated HMDA statistics today.
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