Heartland Enterprises, Inc. Mortgage Lending & HMDA Data, 2003
In 2003, Heartland Enterprises, Inc. of Downers Grove, IL reported 4,851 mortgage applications totaling $632.1 million. The average application was for $130,297, and applicants reported an average income of $20,760. 7% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Chicago, IL (269), Detroit, MI (185) and Phoenix-Mesa, AZ (167) (applications in parentheses).
| Mortgage Company & Address | Heartland Enterprises, Inc. 1401 Branding Lane Downers Grove, IL 60515 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 4,851 |
| Total Mortgage Loan Application Amount | $632,071,000 |
| Average Mortgage Loan Application Amount | $130,297 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $20,760 |
| Highest Applicant Income | $9,264,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Heartland Enterprises, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chicago, IL | 269 | $ 42,647,000 | $ 158,539 | $ 26,000 |
| Detroit, MI | 185 | $ 25,682,000 | $ 138,821 | $ 35,000 |
| Phoenix-Mesa, AZ | 167 | $ 23,441,000 | $ 140,365 | $ 42,000 |
| Atlanta, GA | 144 | $ 20,588,000 | $ 142,972 | $ 21,000 |
| Baltimore, MD | 132 | $ 20,016,000 | $ 151,636 | $ 29,000 |
| Philadelphia, PA-NJ | 126 | $ 16,515,000 | $ 131,071 | $ 90,000 |
| St. Louis, MO-IL | 119 | $ 15,301,000 | $ 128,579 | $ 48,000 |
| Boston, MA-NH | 102 | $ 18,493,000 | $ 181,303 | $ 23,000 |
| Columbus, OH | 90 | $ 13,062,000 | $ 145,133 | $ 17,000 |
| Kansas City, MO-KS | 88 | $ 10,417,000 | $ 118,375 | $ 56,000 |
| Pittsburgh, PA | 88 | $ 9,074,000 | $ 103,113 | $ 18,000 |
| Cleveland-Lorain-Elyria, OH | 78 | $ 10,043,000 | $ 128,756 | $ 12,000 |
| Denver, CO | 76 | $ 12,433,000 | $ 163,592 | $ 28,000 |
| Nashville, TN | 67 | $ 8,233,000 | $ 122,880 | $ 26,000 |
| Dayton-Springfield, OH | 61 | $ 7,310,000 | $ 119,836 | $ 17,000 |
| Grand Rapids-Muskegon-Holland, MI | 60 | $ 6,988,000 | $ 116,466 | $ 29,000 |
| Cincinnati, OH-KY-IN | 59 | $ 8,578,000 | $ 145,389 | $ 14,000 |
| Norfolk-Virginia Beach-Newport News, VA-NC | 54 | $ 6,564,000 | $ 121,555 | $ 15,000 |
| Indianapolis, IN | 53 | $ 5,983,000 | $ 112,886 | $ 13,000 |
| Tucson, AZ | 49 | $ 6,115,000 | $ 124,795 | $ 24,000 |
| Knoxville, TN | 47 | $ 5,176,000 | $ 110,127 | $ 20,000 |
| Memphis, TN-AR-MS | 45 | $ 4,904,000 | $ 108,977 | $ 16,000 |
| Albuquerque, NM | 40 | $ 4,939,000 | $ 123,475 | $ 0 |
| Providence-Fall River-Warwick, RI-MA | 40 | $ 6,733,000 | $ 168,325 | $ 32,000 |
| Harrisburg-Lebanon-Carlisle, PA | 39 | $ 4,212,000 | $ 108,000 | $ 14,000 |
| Richmond-Petersburg, VA | 39 | $ 5,037,000 | $ 129,153 | $ 5,000 |
| Louisville, KY-IN | 35 | $ 3,865,000 | $ 110,428 | $ 0 |
| Hartford, CT | 31 | $ 4,220,000 | $ 136,129 | $ 0 |
| Ann Arbor, MI | 27 | $ 4,723,000 | $ 174,925 | $ 46,000 |
| York, PA | 26 | $ 2,944,000 | $ 113,230 | $ 0 |
| Lansing-East Lansing, MI | 25 | $ 3,332,000 | $ 133,280 | $ 49,000 |
| Minneapolis-St. Paul, MN-WI | 24 | $ 4,068,000 | $ 169,500 | $ 19,000 |
| Seattle-Bellevue-Everett, WA | 23 | $ 4,195,000 | $ 182,391 | $ 17,000 |
| Allentown-Bethlehem-Easton, PA | 22 | $ 2,894,000 | $ 131,545 | $ 9,000 |
| Colorado Springs, CO | 22 | $ 3,195,000 | $ 145,227 | $ 0 |
| Chattanooga, TN-GA | 20 | $ 2,128,000 | $ 106,400 | $ 19,000 |
| Springfield, MA | 20 | $ 2,364,000 | $ 118,200 | $ 0 |
| Flint, MI | 19 | $ 2,450,000 | $ 128,947 | $ 11,000 |
| Toledo, OH | 19 | $ 2,638,000 | $ 138,842 | $ 0 |
| Worcester, MA-CT | 19 | $ 2,761,000 | $ 145,315 | $ 0 |
| Kalamazoo-Battle Creek, MI | 18 | $ 1,961,000 | $ 108,944 | $ 42,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 18 | $ 1,624,000 | $ 90,222 | $ 22,000 |
| Springfield, MO | 17 | $ 2,406,000 | $ 141,529 | $ 34,000 |
| Akron, OH | 16 | $ 2,187,000 | $ 136,687 | $ 0 |
| Peoria-Pekin, IL | 16 | $ 1,460,000 | $ 91,250 | $ 17,000 |
| Boulder-Longmont, CO | 15 | $ 2,237,000 | $ 149,133 | $ 39,000 |
| Hamilton-Middletown, OH | 15 | $ 2,053,000 | $ 136,866 | $ 0 |
| New Haven-Meriden, CT | 15 | $ 1,402,000 | $ 93,466 | $ 43,000 |
| Canton-Massillon, OH | 14 | $ 1,396,000 | $ 99,714 | $ 0 |
| Fort Collins-Loveland, CO | 14 | $ 2,074,000 | $ 148,142 | $ 7,000 |
| Lexington, KY | 13 | $ 1,429,000 | $ 109,923 | $ 0 |
| Rockford, IL | 13 | $ 1,632,000 | $ 125,538 | $ 13,000 |
| Santa Fe, NM | 13 | $ 1,863,000 | $ 143,307 | $ 0 |
| Youngstown-Warren, OH | 13 | $ 1,219,000 | $ 93,769 | $ 37,000 |
| Augusta-Aiken, GA-SC | 12 | $ 1,489,000 | $ 124,083 | $ 0 |
| Benton Harbor, MI | 12 | $ 1,208,000 | $ 100,666 | $ 9,000 |
| Fort Wayne, IN | 12 | $ 1,286,000 | $ 107,166 | $ 7,000 |
| Lancaster, PA | 12 | $ 1,794,000 | $ 149,500 | $ 38,000 |
| Lawrence, MA-NH | 12 | $ 2,085,000 | $ 173,750 | $ 19,000 |
| Manchester, NH | 12 | $ 1,765,000 | $ 147,083 | $ 30,000 |
| Clarksville-Hopkinsville, TN-KY | 11 | $ 1,240,000 | $ 112,727 | $ 0 |
| Johnson City-Kingsport-Bristol, TN-VA | 11 | $ 1,171,000 | $ 106,454 | $ 3,000 |
| Wilmington-Newark, DE-MD | 11 | $ 1,476,000 | $ 134,181 | $ 0 |
| Bridgeport, CT | 10 | $ 2,226,000 | $ 222,600 | $ 0 |
| Fitchburg-Leominster, MA | 10 | $ 1,675,000 | $ 167,500 | $ 2,316,000 |
| Gary, IN | 10 | $ 1,132,000 | $ 113,200 | $ 0 |
| Roanoke, VA | 10 | $ 1,297,000 | $ 129,700 | $ 0 |
| Wichita, KS | 10 | $ 972,000 | $ 97,200 | $ 0 |
| Yuma, AZ | 10 | $ 918,000 | $ 91,800 | $ 0 |
| Erie, PA | 9 | $ 722,000 | $ 80,222 | $ 0 |
| Lima, OH | 9 | $ 824,000 | $ 91,555 | $ 0 |
| Mansfield, OH | 9 | $ 1,082,000 | $ 120,222 | $ 0 |
| Saginaw-Bay City-Midland, MI | 9 | $ 852,000 | $ 94,666 | $ 0 |
| Barnstable-Yarmouth, MA | 8 | $ 1,489,000 | $ 186,125 | $ 0 |
| Bloomington-Normal, IL | 8 | $ 1,147,000 | $ 143,375 | $ 0 |
| Grand Junction, CO | 8 | $ 774,000 | $ 96,750 | $ 0 |
| Greeley, CO | 8 | $ 1,528,000 | $ 191,000 | $ 38,000 |
| Joplin, MO | 8 | $ 605,000 | $ 75,625 | $ 17,000 |
| Kokomo, IN | 8 | $ 845,000 | $ 105,625 | $ 31,000 |
| Lafayette, IN | 8 | $ 932,000 | $ 116,500 | $ 28,000 |
| Lowell, MA-NH | 8 | $ 1,460,000 | $ 182,500 | $ 24,000 |
| Reading, PA | 8 | $ 766,000 | $ 95,750 | $ 13,000 |
| Waterbury, CT | 8 | $ 867,000 | $ 108,375 | $ 0 |
| Evansville-Henderson, IN-KY | 7 | $ 685,000 | $ 97,857 | $ 7,000 |
| Jackson, TN | 7 | $ 667,000 | $ 95,285 | $ 0 |
| Macon, GA | 7 | $ 617,000 | $ 88,142 | $ 12,000 |
| New Bedford, MA | 7 | $ 1,315,000 | $ 187,857 | $ 0 |
| New London-Norwich, CT-RI | 7 | $ 652,000 | $ 93,142 | $ 14,000 |
| Pueblo, CO | 7 | $ 1,008,000 | $ 144,000 | $ 0 |
| Savannah, GA | 7 | $ 638,000 | $ 91,142 | $ 34,000 |
| Columbia, MO | 6 | $ 714,000 | $ 119,000 | $ 53,000 |
| Flagstaff, AZ-UT | 6 | $ 820,000 | $ 136,666 | $ 0 |
| Lynchburg, VA | 6 | $ 648,000 | $ 108,000 | $ 36,000 |
| Rochester, MN | 6 | $ 885,000 | $ 147,500 | $ 24,000 |
| Danbury, CT | 5 | $ 1,083,000 | $ 216,600 | $ 0 |
| Hagerstown, MD | 5 | $ 660,000 | $ 132,000 | $ 0 |
| Jackson, MI | 5 | $ 553,000 | $ 110,600 | $ 32,000 |
| Portsmouth-Rochester, NH-ME | 5 | $ 954,000 | $ 190,800 | $ 0 |
| Springfield, IL | 5 | $ 699,000 | $ 139,800 | $ 0 |
| Stamford-Norwalk, CT | 5 | $ 563,000 | $ 112,600 | $ 0 |
| Tacoma, WA | 5 | $ 902,000 | $ 180,400 | $ 0 |
| Williamsport, PA | 5 | $ 365,000 | $ 73,000 | $ 0 |
| Bloomington, IN | 4 | $ 414,000 | $ 103,500 | $ 0 |
| Brockton, MA | 4 | $ 622,000 | $ 155,500 | $ 0 |
| Champaign-Urbana, IL | 4 | $ 356,000 | $ 89,000 | $ 0 |
| Columbus, GA-AL | 4 | $ 338,000 | $ 84,500 | $ 0 |
| Cumberland, MD-WV | 4 | $ 491,000 | $ 122,750 | $ 0 |
| Elkhart-Goshen, IN | 4 | $ 409,000 | $ 102,250 | $ 0 |
| Johnstown, PA | 4 | $ 318,000 | $ 79,500 | $ 0 |
| Las Cruces, NM | 4 | $ 397,000 | $ 99,250 | $ 20,000 |
| Richland-Kennewick-Pasco, WA | 4 | $ 591,000 | $ 147,750 | $ 0 |
| South Bend, IN | 4 | $ 333,000 | $ 83,250 | $ 0 |
| Terre Haute, IN | 4 | $ 331,000 | $ 82,750 | $ 9,000 |
| Topeka, KS | 4 | $ 327,000 | $ 81,750 | $ 0 |
| Athens, GA | 3 | $ 392,000 | $ 130,666 | $ 0 |
| Bremerton, WA | 3 | $ 232,000 | $ 77,333 | $ 35,000 |
| Decatur, IL | 3 | $ 425,000 | $ 141,666 | $ 0 |
| Muncie, IN | 3 | $ 489,000 | $ 163,000 | $ 0 |
| Olympia, WA | 3 | $ 342,000 | $ 114,000 | $ 0 |
| Sharon, PA | 3 | $ 319,000 | $ 106,333 | $ 0 |
| Spokane, WA | 3 | $ 268,000 | $ 89,333 | $ 0 |
| St. Joseph, MO | 3 | $ 475,000 | $ 158,333 | $ 0 |
| Steubenville-Weirton, OH-WV | 3 | $ 325,000 | $ 108,333 | $ 0 |
| Yakima, WA | 3 | $ 401,000 | $ 133,666 | $ 0 |
| Bellingham, WA | 2 | $ 227,000 | $ 113,500 | $ 0 |
| Charlottesville, VA | 2 | $ 252,000 | $ 126,000 | $ 0 |
| Danville, VA | 2 | $ 236,000 | $ 118,000 | $ 0 |
| Dover, DE | 2 | $ 342,000 | $ 171,000 | $ 0 |
| Lawrence, KS | 2 | $ 198,000 | $ 99,000 | $ 0 |
| Nashua, NH | 2 | $ 293,000 | $ 146,500 | $ 0 |
| State College, PA | 2 | $ 403,000 | $ 201,500 | $ 0 |
| Altoona, PA | 1 | $ 60,000 | $ 60,000 | $ 0 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 82,000 | $ 82,000 | $ 0 |
| Des Moines, IA | 1 | $ 228,000 | $ 228,000 | $ 0 |
| Honolulu, HI | 1 | $ 148,000 | $ 148,000 | $ 0 |
| Kankakee, IL | 1 | $ 197,000 | $ 197,000 | $ 0 |
| Kenosha, WI | 1 | $ 81,000 | $ 81,000 | $ 0 |
| Madison, WI | 1 | $ 262,000 | $ 262,000 | $ 0 |
| Middlesex-Somerset-Hunterdon, NJ | 1 | $ 160,000 | $ 160,000 | $ 0 |
| Milwaukee-Waukesha, WI | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Owensboro, KY | 1 | $ 76,000 | $ 76,000 | $ 0 |
| Salem, OR | 1 | $ 82,000 | $ 82,000 | $ 0 |
Mortgage Loan Application Detail Totals for Heartland Enterprises, Inc. 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 |
|---|---|---|---|---|---|---|
| Home Purchase (one-to-four family) | 4,781 | $622,658,000 | $131,448 | $650,000 | $14,793 | $9,264,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 70 | $9,413,000 | $131,947 | $600,000 | $41,684 | $800,000 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $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 |
|---|---|---|---|---|---|---|
| Information not provided by applicant in mail or telephone application | 4,390 | $571,850,000 | $130,142 | $650,000 | $5,428 | $800,000 |
| White | 415 | $53,697,000 | $146,000 | $600,000 | $61,090 | $9,264,000 |
| Black | 28 | $3,177,000 | $113,800 | $241,000 | $41,500 | $116,000 |
| Hispanic | 9 | $1,430,000 | $140,500 | $470,000 | $33,000 | $152,000 |
| Other | 5 | $958,000 | $175,750 | $323,000 | $21,750 | $150,000 |
| Asian or Pacific Islander | 3 | $862,000 | $287,333 | $480,000 | $78,333 | $90,000 |
| American Indian or Alaskan Native | 1 | $97,000 | $97,000 | $97,000 | $36,000 | $36,000 |
| 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) | 4,851 | $632,071,000 | $131,344 | $650,000 | $15,413 | $9,264,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 4,410 | $577,953,000 | $131,896 | $650,000 | $8,310 | $9,264,000 |
| Loan Originated | 337 | $40,057,000 | $129,045 | $556,000 | $58,818 | $800,000 |
| Application Denied By Financial Institution | 104 | $14,061,000 | $141,947 | $600,000 | $39,894 | $218,000 |
| 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 |
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 | 44 | $6,209,000 | $137,333 | $600,000 | $28,066 | $123,000 |
| Collateral | 44 | $5,481,000 | $127,437 | $450,000 | $40,625 | $179,000 |
| Credit History | 8 | $1,216,000 | $163,833 | $454,000 | $53,500 | $140,000 |
| Unverifiable Information | 4 | $336,000 | $84,000 | $160,000 | $42,750 | $81,000 |
| Other | 3 | $630,000 | $210,000 | $275,000 | $35,666 | $72,000 |
| Credit Application Incomplete | 1 | $189,000 | $189,000 | $189,000 | $218,000 | $218,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Heartland Enterprises, Inc.'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 Heartland Enterprises, Inc.'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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