Harris Bank Cary-Grove Mortgage Lending & HMDA Data, 2003
In 2003, Harris Bank Cary-Grove of Cary, IL reported 272 mortgage applications totaling $53.0 million. The average application was for $194,966, and applicants reported an average income of $73,113. 40% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Chicago, IL (237), Anchorage, AK (1) and Des Moines, IA (1) (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 | 272 |
| Total Mortgage Loan Application Amount | $53,031,000 |
| Average Mortgage Loan Application Amount | $194,966 |
| Highest Mortgage Loan Application Amount | $2,800,000 |
| Average Applicant Income | $73,113 |
| Highest Applicant Income | $673,000 |
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(HMDA) records Harris Bank Cary-Grove filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 157 | $ 24,281,000 | $ 154,656 | $ 46,000 |
| Cook, Illinois | 40 | $ 13,025,000 | $ 325,625 | $ 165,000 |
| Lake, Illinois | 21 | $ 4,233,000 | $ 201,571 | $ 33,000 |
| Walworth, Wisconsin | 17 | $ 5,102,000 | $ 300,117 | $ 141,000 |
| DuPage, Illinois | 11 | $ 1,592,000 | $ 144,727 | $ 118,000 |
| Kane, Illinois | 7 | $ 1,245,000 | $ 177,857 | $ 75,000 |
| Anchorage, Alaska | 1 | $ 90,000 | $ 90,000 | $ 0 |
| Maricopa, Arizona | 1 | $ 114,000 | $ 114,000 | $ 0 |
| Summit, Colorado | 1 | $ 340,000 | $ 340,000 | $ 0 |
| Collier, Florida | 1 | $ 110,000 | $ 110,000 | $ 0 |
| Manatee, Florida | 1 | $ 200,000 | $ 200,000 | $ 163,000 |
| Orange, Florida | 1 | $ 99,000 | $ 99,000 | $ 0 |
| Pinellas, Florida | 1 | $ 88,000 | $ 88,000 | $ 0 |
| Boone, Illinois | 1 | $ 140,000 | $ 140,000 | $ 0 |
| Will, Illinois | 1 | $ 234,000 | $ 234,000 | $ 0 |
| Porter, Indiana | 1 | $ 47,000 | $ 47,000 | $ 0 |
| Polk, Iowa | 1 | $ 140,000 | $ 140,000 | $ 0 |
| Story, Iowa | 1 | $ 80,000 | $ 80,000 | $ 0 |
| Van Buren, Michigan | 1 | $ 67,000 | $ 67,000 | $ 0 |
| Clark, Nevada | 1 | $ 308,000 | $ 308,000 | $ 100,000 |
| Washoe, Nevada | 1 | $ 350,000 | $ 350,000 | $ 0 |
| Tulsa, Oklahoma | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Tarrant, Texas | 1 | $ 143,000 | $ 143,000 | $ 0 |
| Prince William, Virginia | 1 | $ 700,000 | $ 700,000 | $ 317,000 |
| Racine, Wisconsin | 1 | $ 168,000 | $ 168,000 | $ 82,000 |
Mortgage Loan Application Detail Totals for Harris Bank Cary-Grove in 2003
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 (home purchase or home improvement, one-to-four family) | 133 | $23,672,000 | $143,625 | $1,000,000 | $15,000 | $594,000 |
| Home Purchase (one-to-four family) | 127 | $23,532,000 | $253,555 | $2,800,000 | $77,666 | $673,000 |
| Home Improvement (one-to-four family) | 9 | $2,393,000 | $265,000 | $701,000 | $126,000 | $358,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 3 | $3,434,000 | $1,144,000 | $2,800,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 162 | $33,647,000 | $155,083 | $2,800,000 | $0 | $0 |
| White | 93 | $17,142,000 | $340,600 | $2,800,000 | $169,800 | $673,000 |
| Hispanic | 9 | $1,489,000 | $165,000 | $600,000 | $74,000 | $175,000 |
| Information not provided by applicant in mail or telephone application | 4 | $264,000 | $66,000 | $101,000 | $134,000 | $180,000 |
| Asian or Pacific Islander | 3 | $340,000 | $121,000 | $175,000 | $168,500 | $286,000 |
| Black | 1 | $149,000 | $149,000 | $149,000 | $44,000 | $44,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 272 | $53,031,000 | $206,076 | $2,800,000 | $47,000 | $673,000 |
| 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 | 157 | $30,451,000 | $153,833 | $1,318,000 | $0 | $0 |
| Loan Originated | 108 | $19,138,000 | $337,200 | $2,800,000 | $168,600 | $673,000 |
| Application Denied By Financial Institution | 4 | $3,326,000 | $831,000 | $2,800,000 | $108,000 | $168,000 |
| Application Approved But Not Accepted | 3 | $116,000 | $38,000 | $65,000 | $119,000 | $253,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 2 | $494,000 | $247,000 | $400,000 | $133,000 | $162,000 |
| Credit History | 1 | $32,000 | $32,000 | $32,000 | $168,000 | $168,000 |
| Debt-To-Income Ratio | 1 | $2,800,000 | $2,800,000 | $2,800,000 | $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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Harris Bank Cary-Grove's 2003 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.
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