Harris Bank Hoffman-Schaumburg Mortgage Lending & HMDA Data, 2003
In 2003, Harris Bank Hoffman-Schaumburg of Hoffman Estates, IL reported 161 mortgage applications totaling $29.5 million. The average application was for $183,093, and applicants reported an average income of $47,341. 12% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Chicago, IL (147), Peoria-Pekin, IL (6) and Bergen-Passaic, NJ (1) (applications in parentheses).
| Mortgage Company & Address | Harris Bank Hoffman-Schaumburg 1100 N. Roselle Rd Hoffman Estates, IL 60195 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 161 |
| Total Mortgage Loan Application Amount | $29,478,000 |
| Average Mortgage Loan Application Amount | $183,093 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $47,341 |
| Highest Applicant Income | $463,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Harris Bank Hoffman-Schaumburg filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cook, Illinois | 96 | $ 16,687,000 | $ 173,822 | $ 48,000 |
| DuPage, Illinois | 24 | $ 5,200,000 | $ 216,666 | $ 42,000 |
| Kane, Illinois | 10 | $ 2,283,000 | $ 228,300 | $ 132,000 |
| Lake, Illinois | 9 | $ 2,088,000 | $ 232,000 | $ 0 |
| Peoria, Illinois | 6 | $ 645,000 | $ 107,500 | $ 0 |
| McHenry, Illinois | 4 | $ 860,000 | $ 215,000 | $ 27,000 |
| Will, Illinois | 3 | $ 325,000 | $ 108,333 | $ 0 |
| Pima, Arizona | 1 | $ 230,000 | $ 230,000 | $ 218,000 |
| Carroll, Arkansas | 1 | $ 185,000 | $ 185,000 | $ 0 |
| DeKalb, Illinois | 1 | $ 122,000 | $ 122,000 | $ 0 |
| Hancock, Illinois | 1 | $ 70,000 | $ 70,000 | $ 0 |
| McDonough, Illinois | 1 | $ 45,000 | $ 45,000 | $ 0 |
| Scott, Iowa | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Bergen, New Jersey | 1 | $ 291,000 | $ 291,000 | $ 0 |
| Menominee, Wisconsin | 1 | $ 52,000 | $ 52,000 | $ 0 |
| Walworth, Wisconsin | 1 | $ 295,000 | $ 295,000 | $ 0 |
Mortgage Loan Application Detail Totals for Harris Bank Hoffman-Schaumburg 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) | 107 | $18,053,000 | $153,000 | $840,000 | $14,500 | $463,000 |
| Home Purchase (one-to-four family) | 49 | $9,318,000 | $224,250 | $406,000 | $61,000 | $218,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 3 | $1,924,000 | $641,000 | $1,000,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 2 | $183,000 | $91,000 | $175,000 | $88,000 | $116,000 |
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 | 141 | $24,887,000 | $185,000 | $1,000,000 | $0 | $0 |
| White | 13 | $3,328,000 | $244,000 | $840,000 | $155,500 | $218,000 |
| Information not provided by applicant in mail or telephone application | 5 | $838,000 | $167,000 | $748,000 | $130,000 | $463,000 |
| Asian or Pacific Islander | 1 | $175,000 | $175,000 | $175,000 | $116,000 | $116,000 |
| Other | 1 | $250,000 | $250,000 | $250,000 | $81,000 | $81,000 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 161 | $29,478,000 | $193,500 | $1,000,000 | $44,333 | $463,000 |
| 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 | 138 | $22,963,000 | $182,800 | $563,000 | $0 | $0 |
| Loan Originated | 19 | $5,981,000 | $274,500 | $1,000,000 | $168,000 | $463,000 |
| Application Denied By Financial Institution | 3 | $499,000 | $166,000 | $294,000 | $58,000 | $88,000 |
| Application Approved But Not Accepted | 1 | $35,000 | $35,000 | $35,000 | $46,000 | $46,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 2 | $319,000 | $159,000 | $294,000 | $51,000 | $88,000 |
| Credit History | 1 | $180,000 | $180,000 | $180,000 | $73,000 | $73,000 |
| 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 Hoffman-Schaumburg'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 Hoffman-Schaumburg'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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