Heartland Bank & Trust Company Mortgage Lending & HMDA Data, 2016
In 2016, Heartland Bank & Trust Company of Bloomington, IL reported 1,799 mortgage applications totaling $291.1 million, down 1% from 2015. The average application was for $161,805, and applicants reported an average income of $108,750. 69% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Bloomington, IL (527), Peoria, IL (358) and Chicago-Naperville-Arlington Heights, IL (298) (applications in parentheses).
| Mortgage Company & Address | Heartland Bank & Trust Company 401 N Hershey Rd Bloomington, IL 61704 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 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,799 |
| Total Mortgage Loan Application Amount | $291,088,000 |
| Average Mortgage Loan Application Amount | $161,805 |
| Highest Mortgage Loan Application Amount | $2,480,000 |
| Average Applicant Income | $108,750 |
| Highest Applicant Income | $2,160,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Heartland Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Heartland Bank & Trust Company in 2016
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 | 910 | $165,192,000 | $181,000 | $2,480,000 | $123,000 | $2,160,000 |
| Home Purchase | 656 | $105,014,000 | $160,000 | $1,990,000 | $96,000 | $1,167,000 |
| Home Improvement | 233 | $20,882,000 | $89,000 | $1,070,000 | $89,000 | $398,000 |
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 | 1,504 | $233,245,000 | $155,000 | $1,890,000 | $119,000 | $2,160,000 |
| Not applicable | 123 | $32,360,000 | $263,000 | $2,480,000 | $0 | $0 |
| Not Provided | 73 | $12,572,000 | $172,000 | $1,990,000 | $121,000 | $828,000 |
| Hispanic | 51 | $5,430,000 | $106,000 | $386,000 | $64,000 | $360,000 |
| Asian | 28 | $4,909,000 | $175,000 | $793,000 | $112,000 | $828,000 |
| Black or African American | 15 | $1,737,000 | $115,000 | $331,000 | $81,000 | $221,000 |
| Native Hawaiin or Other Pacific Islander | 3 | $347,000 | $115,000 | $204,000 | $123,000 | $223,000 |
| American Indian or Alaskan Native | 2 | $488,000 | $244,000 | $450,000 | $68,000 | $102,000 |
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) | 1,772 | $287,510,000 | $162,000 | $2,480,000 | $109,000 | $2,160,000 |
| FHA-insured (Federal Housing Administration) | 20 | $2,742,000 | $137,000 | $195,000 | $62,000 | $122,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $836,000 | $119,000 | $206,000 | $30,000 | $57,000 |
| 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 | 1,235 | $205,771,000 | $166,000 | $2,480,000 | $112,000 | $2,160,000 |
| Application Denied By Financial Institution | 272 | $33,009,000 | $121,000 | $954,000 | $75,000 | $828,000 |
| Application Withdrawn By Applicant | 197 | $37,560,000 | $190,000 | $1,990,000 | $126,000 | $828,000 |
| Application Approved But Not Accepted | 95 | $14,748,000 | $155,000 | $417,000 | $123,000 | $1,065,000 |
| File Closed For Incompleteness | 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Heartland Bank & Trust Company's 2016 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 Heartland Bank & Trust Company'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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