Heartland Credi T Union Mortgage Lending & HMDA Data, 2004
In 2004, Heartland Credi T Union of Springfeild, IL reported 575 mortgage applications totaling $27.5 million, up 2% from 2003. The average application was for $47,746, and applicants reported an average income of $63,113. 87% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Springfield, IL (530), Bloomington-Normal, IL (1) and Champaign-Urbana, IL (1) (applications in parentheses).
| Mortgage Company & Address | Heartland Credi T Union 2213 W White Oaks Dr Springfeild, IL 62704 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 | 575 |
| Total Mortgage Loan Application Amount | $27,454,000 |
| Average Mortgage Loan Application Amount | $47,746 |
| Highest Mortgage Loan Application Amount | $300,000 |
| Average Applicant Income | $63,113 |
| Highest Applicant Income | $350,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Heartland Credi T Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Springfield, IL | 530 | $ 25,288,000 | $ 47,713 | $ 61,000 |
| Bloomington-Normal, IL | 1 | $ 16,000 | $ 16,000 | $ 85,000 |
| Champaign-Urbana, IL | 1 | $ 99,000 | $ 99,000 | $ 58,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 8,000 | $ 8,000 | $ 204,000 |
Mortgage Loan Application Detail Totals for Heartland Credi T Union 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 |
|---|---|---|---|---|---|---|
| Refinancing | 464 | $20,451,000 | $44,000 | $270,000 | $65,000 | $318,000 |
| Home Purchase | 73 | $6,790,000 | $78,500 | $300,000 | $47,500 | $350,000 |
| Home Improvement | 38 | $213,000 | $6,500 | $17,000 | $126,000 | $204,000 |
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 | 557 | $26,696,000 | $39,333 | $300,000 | $101,333 | $350,000 |
| Black or African American | 11 | $442,000 | $40,000 | $150,000 | $80,000 | $181,000 |
| Hispanic | 3 | $147,000 | $49,000 | $58,000 | $18,000 | $25,000 |
| Asian | 2 | $28,000 | $14,000 | $18,000 | $55,000 | $60,000 |
| American Indian or Alaskan Native | 1 | $40,000 | $40,000 | $40,000 | $30,000 | $30,000 |
| Not Provided | 1 | $101,000 | $101,000 | $101,000 | $67,000 | $67,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 575 | $27,454,000 | $39,333 | $300,000 | $101,000 | $350,000 |
| 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 Originated | 501 | $23,955,000 | $27,500 | $300,000 | $133,500 | $350,000 |
| Application Withdrawn By Applicant | 39 | $2,322,000 | $50,500 | $170,000 | $50,500 | $232,000 |
| Application Denied By Financial Institution | 35 | $1,177,000 | $57,500 | $115,000 | $46,000 | $318,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 24 | $571,000 | $23,000 | $72,000 | $57,000 | $318,000 |
| Debt-To-Income Ratio | 7 | $347,000 | $58,000 | $115,000 | $39,000 | $90,000 |
| Employment History | 2 | $105,000 | $52,500 | $100,000 | $35,000 | $36,000 |
| Collateral | 1 | $87,000 | $87,000 | $87,000 | $70,000 | $70,000 |
| Other | 1 | $67,000 | $67,000 | $67,000 | $90,000 | $90,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Heartland Credi T Union'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 Heartland Credi T Union'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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