Independent Bank Mortgage Lending & HMDA Data, 2019

In 2019, Independent Bank of McKinney, TX reported 3,607 mortgage applications totaling $1.2 billion, up 29% from 2018. The average application was for $322,527, and applicants reported an average income of $146,200. 76% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Dallas-Plano-Irving, TX (903), Houston-The Woodlands-Sugar Land, TX (666) and Austin-Round Rock, TX (451) (applications in parentheses).

Mortgage Company & Address Independent Bank
1600 Redbud Blvd
McKinney, TX 75070
Tel #: available with data download
Federal Regulator * available with data download
Years 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 3,607
Total Mortgage Loan Application Amount $1,163,355,000
Average Mortgage Loan Application Amount $322,527
Highest Mortgage Loan Application Amount $28,805,000
Average Applicant Income $146,200
Highest Applicant Income $5,587,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Independent Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Independent Bank by County in 2019

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Harris, Texas 515 $ 150,535,000 $ 292,300 $ 104,000
Dallas, Texas 340 $ 105,210,000 $ 309,441 $ 151,000
Travis, Texas 321 $ 134,925,000 $ 420,327 $ 206,000
Denton, Texas 249 $ 62,745,000 $ 251,987 $ 150,000
Tarrant, Texas 200 $ 48,800,000 $ 244,000 $ 111,000
Collin, Texas 187 $ 62,455,000 $ 333,983 $ 172,000
Weld, Colorado 151 $ 77,775,000 $ 515,066 $ 138,000
Grayson, Texas 134 $ 27,600,000 $ 205,970 $ 129,000
El Paso, Colorado 125 $ 34,805,000 $ 278,440 $ 97,000
Webb, Texas 120 $ 21,770,000 $ 181,416 $ 58,000
Larimer, Colorado 100 $ 31,790,000 $ 317,900 $ 181,000
Williamson, Texas 86 $ 20,310,000 $ 236,162 $ 132,000
Fort Bend, Texas 76 $ 17,120,000 $ 225,263 $ 122,000
Arapahoe, Colorado 68 $ 22,270,000 $ 327,500 $ 102,000
Adams, Colorado 64 $ 18,900,000 $ 295,312 $ 97,000
Denver, Colorado 60 $ 27,260,000 $ 454,333 $ 189,000
McLennan, Texas 58 $ 19,210,000 $ 331,206 $ 203,000
Hunt, Texas 46 $ 11,140,000 $ 242,173 $ 100,000
Rockwall, Texas 44 $ 13,380,000 $ 304,090 $ 124,000
Hays, Texas 38 $ 12,690,000 $ 333,947 $ 182,000
Montgomery, Texas 35 $ 10,475,000 $ 299,285 $ 290,000
Jefferson, Colorado 34 $ 26,560,000 $ 781,176 $ 144,000
Douglas, Colorado 31 $ 13,065,000 $ 421,451 $ 165,000
Hidalgo, Texas 30 $ 6,320,000 $ 210,666 $ 116,000
Johnson, Texas 25 $ 5,365,000 $ 214,600 $ 136,000
Galveston, Texas 23 $ 9,685,000 $ 421,086 $ 252,000
Kaufman, Texas 23 $ 4,815,000 $ 209,347 $ 82,000
Boulder, Colorado 20 $ 13,300,000 $ 665,000 $ 176,000
Cooke, Texas 20 $ 5,880,000 $ 294,000 $ 146,000
Logan, Colorado 16 $ 3,180,000 $ 198,750 $ 90,000
Ellis, Texas 14 $ 4,160,000 $ 297,142 $ 94,000
Fannin, Texas 13 $ 3,025,000 $ 232,692 $ 135,000
Parker, Texas 13 $ 4,715,000 $ 362,692 $ 140,000
Hood, Texas 12 $ 3,790,000 $ 315,833 $ 182,000
Brazos, Texas 10 $ 1,960,000 $ 196,000 $ 505,000
Comal, Texas 10 $ 2,170,000 $ 217,000 $ 140,000
Nueces, Texas 10 $ 4,180,000 $ 418,000 $ 686,000
Wyandotte, Kansas 9 $ 655,000 $ 72,777 $ 205,000
Bexar, Texas 8 $ 26,450,000 $ 3,306,250 $ 181,000
Broomfield, Colorado 7 $ 1,625,000 $ 232,142 $ 68,000
Waller, Texas 7 $ 4,455,000 $ 636,428 $ 395,000
Wise, Texas 7 $ 1,215,000 $ 173,571 $ 83,000
Morgan, Colorado 6 $ 1,160,000 $ 193,333 $ 101,000
Pueblo, Colorado 6 $ 890,000 $ 148,333 $ 78,000
Summit, Colorado 6 $ 3,410,000 $ 568,333 $ 884,000
Aransas, Texas 6 $ 1,610,000 $ 268,333 $ 358,000
Henderson, Texas 6 $ 2,340,000 $ 390,000 $ 382,000
King, Washington 6 $ 2,120,000 $ 353,333 $ 107,000
Pierce, Washington 6 $ 2,050,000 $ 341,666 $ 106,000
Liberty, Texas 5 $ 945,000 $ 189,000 $ 59,000
Midland, Texas 5 $ 1,245,000 $ 249,000 $ 113,000
Somervell, Texas 5 $ 1,785,000 $ 357,000 $ 69,000
Park, Colorado 4 $ 1,530,000 $ 382,500 $ 148,000
Bryan, Oklahoma 4 $ 370,000 $ 92,500 $ 60,000
Bastrop, Texas 4 $ 850,000 $ 212,500 $ 56,000
Brazoria, Texas 4 $ 970,000 $ 242,500 $ 243,000
Burnet, Texas 4 $ 3,580,000 $ 895,000 $ 157,000
Gillespie, Texas 4 $ 1,440,000 $ 360,000 $ 217,000
Lubbock, Texas 4 $ 620,000 $ 155,000 $ 305,000
San Patricio, Texas 4 $ 610,000 $ 152,500 $ 63,000
Walker, Texas 4 $ 1,040,000 $ 260,000 $ 108,000
Maricopa, Arizona 3 $ 895,000 $ 298,333 $ 121,000
Douglas, Nebraska 3 $ 465,000 $ 155,000 $ 97,000
Santa Fe, New Mexico 3 $ 705,000 $ 235,000 $ 607,000
Suffolk, New York 3 $ 1,445,000 $ 481,666 $ 265,000
Bell, Texas 3 $ 335,000 $ 111,666 $ 71,000
Guadalupe, Texas 3 $ 695,000 $ 231,666 $ 52,000
Llano, Texas 3 $ 1,455,000 $ 485,000 $ 881,000
Stone, Arkansas 2 $ 230,000 $ 115,000 $ 73,000
San Diego, California 2 $ 600,000 $ 300,000 $ 859,000
Clear Creek, Colorado 2 $ 270,000 $ 135,000 $ 52,000
Fremont, Colorado 2 $ 570,000 $ 285,000 $ 149,000
Grand, Colorado 2 $ 590,000 $ 295,000 $ 208,000
Phillips, Colorado 2 $ 290,000 $ 145,000 $ 34,000
Broward, Florida 2 $ 490,000 $ 245,000 $ 75,000
Hillsborough, Florida 2 $ 430,000 $ 215,000 $ 130,000
Lee, Florida 2 $ 530,000 $ 265,000 $ 46,000
Miami-Dade, Florida 2 $ 1,660,000 $ 830,000 $ 118,000
Pasco, Florida 2 $ 400,000 $ 200,000 $ 70,000
St. Louis, Missouri 2 $ 580,000 $ 290,000 $ 155,000
Box Butte, Nebraska 2 $ 300,000 $ 150,000 $ 73,000
Taos, New Mexico 2 $ 370,000 $ 185,000 $ 138,000
Buncombe, North Carolina 2 $ 340,000 $ 170,000 $ 43,000
Atascosa, Texas 2 $ 630,000 $ 315,000 $ 90,000
Blanco, Texas 2 $ 680,000 $ 340,000 $ 193,000
Brewster, Texas 2 $ 250,000 $ 125,000 $ 64,000
Caldwell, Texas 2 $ 290,000 $ 145,000 $ 91,000
Childress, Texas 2 $ 150,000 $ 75,000 $ 46,000
Hopkins, Texas 2 $ 170,000 $ 85,000 $ 0
Leon, Texas 2 $ 530,000 $ 265,000 $ 311,000
Martin, Texas 2 $ 420,000 $ 210,000 $ 110,000
Montague, Texas 2 $ 470,000 $ 235,000 $ 336,000
Wharton, Texas 2 $ 370,000 $ 185,000 $ 72,000
Snohomish, Washington 2 $ 1,210,000 $ 605,000 $ 161,000
Gila, Arizona 1 $ 155,000 $ 155,000 $ 39,000
Miller, Arkansas 1 $ 195,000 $ 195,000 $ 81,000
Union, Arkansas 1 $ 285,000 $ 285,000 $ 102,000
Los Angeles, California 1 $ 335,000 $ 335,000 $ 103,000
Orange, California 1 $ 4,005,000 $ 4,005,000 $ 0
Sacramento, California 1 $ 415,000 $ 415,000 $ 269,000
San Bernardino, California 1 $ 485,000 $ 485,000 $ 477,000
Sonoma, California 1 $ 605,000 $ 605,000 $ 0
Archuleta, Colorado 1 $ 525,000 $ 525,000 $ 220,000
Chaffee, Colorado 1 $ 235,000 $ 235,000 $ 222,000
Eagle, Colorado 1 $ 855,000 $ 855,000 $ 0
Garfield, Colorado 1 $ 285,000 $ 285,000 $ 0
Gunnison, Colorado 1 $ 2,365,000 $ 2,365,000 $ 692,000
La Plata, Colorado 1 $ 155,000 $ 155,000 $ 34,000
Las Animas, Colorado 1 $ 125,000 $ 125,000 $ 84,000
Mineral, Colorado 1 $ 645,000 $ 645,000 $ 613,000
Montrose, Colorado 1 $ 205,000 $ 205,000 $ 86,000
Pitkin, Colorado 1 $ 1,085,000 $ 1,085,000 $ 0
Routt, Colorado 1 $ 1,115,000 $ 1,115,000 $ 200,000
Teller, Colorado 1 $ 365,000 $ 365,000 $ 155,000
Hernando, Florida 1 $ 165,000 $ 165,000 $ 115,000
Orange, Florida 1 $ 275,000 $ 275,000 $ 112,000
Palm Beach, Florida 1 $ 485,000 $ 485,000 $ 465,000
St. Lucie, Florida 1 $ 165,000 $ 165,000 $ 60,000
Walton, Florida 1 $ 245,000 $ 245,000 $ 2,579,000
Dawson, Georgia 1 $ 455,000 $ 455,000 $ 290,000
Ada, Idaho 1 $ 275,000 $ 275,000 $ 108,000
Canyon, Idaho 1 $ 155,000 $ 155,000 $ 144,000
Hendricks, Indiana 1 $ 105,000 $ 105,000 $ 173,000
Monroe, Indiana 1 $ 155,000 $ 155,000 $ 0
Sedgwick, Kansas 1 $ 255,000 $ 255,000 $ 100,000
Ottawa, Michigan 1 $ 215,000 $ 215,000 $ 103,000
DeSoto, Mississippi 1 $ 245,000 $ 245,000 $ 130,000
Hancock, Mississippi 1 $ 215,000 $ 215,000 $ 120,000
Jackson, Missouri 1 $ 235,000 $ 235,000 $ 90,000
St. Louis City, Missouri 1 $ 255,000 $ 255,000 $ 50,000
Boone, Nebraska 1 $ 65,000 $ 65,000 $ 54,000
Clark, Nevada 1 $ 285,000 $ 285,000 $ 72,000
Lincoln, New Mexico 1 $ 635,000 $ 635,000 $ 0
San Juan, New Mexico 1 $ 1,015,000 $ 1,015,000 $ 0
Nassau, New York 1 $ 205,000 $ 205,000 $ 78,000
Ulster, New York 1 $ 455,000 $ 455,000 $ 300,000
New Hanover, North Carolina 1 $ 255,000 $ 255,000 $ 0
Clermont, Ohio 1 $ 315,000 $ 315,000 $ 165,000
Montgomery, Ohio 1 $ 105,000 $ 105,000 $ 78,000
Creek, Oklahoma 1 $ 1,125,000 $ 1,125,000 $ 0
Love, Oklahoma 1 $ 155,000 $ 155,000 $ 87,000
McClain, Oklahoma 1 $ 305,000 $ 305,000 $ 233,000
Tulsa, Oklahoma 1 $ 1,285,000 $ 1,285,000 $ 1,366,000
Lexington, South Carolina 1 $ 115,000 $ 115,000 $ 33,000
Sumter, South Carolina 1 $ 75,000 $ 75,000 $ 111,000
Davidson, Tennessee 1 $ 2,025,000 $ 2,025,000 $ 0
Sevier, Tennessee 1 $ 235,000 $ 235,000 $ 139,000
Angelina, Texas 1 $ 15,000 $ 15,000 $ 0
Bandera, Texas 1 $ 185,000 $ 185,000 $ 60,000
Bosque, Texas 1 $ 75,000 $ 75,000 $ 161,000
Calhoun, Texas 1 $ 275,000 $ 275,000 $ 0
Chambers, Texas 1 $ 505,000 $ 505,000 $ 149,000
Falls, Texas 1 $ 325,000 $ 325,000 $ 128,000
Fayette, Texas 1 $ 1,095,000 $ 1,095,000 $ 0
Hamilton, Texas 1 $ 65,000 $ 65,000 $ 33,000
Hill, Texas 1 $ 55,000 $ 55,000 $ 229,000
Jackson, Texas 1 $ 155,000 $ 155,000 $ 94,000
Kendall, Texas 1 $ 2,475,000 $ 2,475,000 $ 600,000
Kerr, Texas 1 $ 265,000 $ 265,000 $ 193,000
Limestone, Texas 1 $ 115,000 $ 115,000 $ 73,000
Mason, Texas 1 $ 85,000 $ 85,000 $ 0
Matagorda, Texas 1 $ 1,905,000 $ 1,905,000 $ 0
Milam, Texas 1 $ 245,000 $ 245,000 $ 184,000
Newton, Texas 1 $ 595,000 $ 595,000 $ 633,000
Orange, Texas 1 $ 755,000 $ 755,000 $ 0
Palo Pinto, Texas 1 $ 75,000 $ 75,000 $ 47,000
Panola, Texas 1 $ 115,000 $ 115,000 $ 58,000
San Jacinto, Texas 1 $ 305,000 $ 305,000 $ 420,000
Smith, Texas 1 $ 105,000 $ 105,000 $ 199,000
Taylor, Texas 1 $ 65,000 $ 65,000 $ 443,000
Upshur, Texas 1 $ 145,000 $ 145,000 $ 66,000
Washington, Texas 1 $ 405,000 $ 405,000 $ 117,000
Stafford, Virginia 1 $ 255,000 $ 255,000 $ 48,000
Albany, Wyoming 1 $ 75,000 $ 75,000 $ 145,000
Carbon, Wyoming 1 $ 225,000 $ 225,000 $ 62,000
Laramie, Wyoming 1 $ 285,000 $ 285,000 $ 400,000

Mortgage Loan Application Detail Totals for Independent Bank in 2019

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 2,544 $823,000,000 $323,000 $28,805,000 $138,000 $5,587,000
Refinancing 518 $191,730,000 $370,000 $4,065,000 $172,000 $2,907,000
Cash-out Refinancing 439 $131,625,000 $299,000 $2,305,000 $155,000 $1,544,000
Other Purpose 51 $8,845,000 $173,000 $1,005,000 $159,000 $969,000
Home Improvement 44 $6,820,000 $155,000 $695,000 $214,000 $929,000
Not Applicable 11 $1,335,000 $121,000 $305,000 $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
White 1,514 $508,000,000 $335,000 $4,065,000 $197,000 $5,587,000
Hispanic 1,069 $211,595,000 $197,000 $1,315,000 $72,000 $1,327,000
Not Provided 464 $127,570,000 $274,000 $2,715,000 $146,000 $2,374,000
Not applicable 444 $271,690,000 $611,000 $28,805,000 $319,000 $319,000
Asian 60 $25,580,000 $426,000 $7,415,000 $190,000 $1,260,000
Black or African American 46 $15,380,000 $334,000 $2,035,000 $138,000 $714,000
American Indian or Alaskan Native 5 $1,495,000 $299,000 $725,000 $212,000 $431,000
Native Hawaiian or Other Pacific Islander 2 $550,000 $275,000 $345,000 $228,000 $332,000

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) 3,053 $1,029,755,000 $337,000 $28,805,000 $160,000 $5,587,000
FHA-insured (Federal Housing Administration) 430 $93,560,000 $217,000 $715,000 $73,000 $360,000
VA-guaranteed (Veterans Administration) 109 $36,935,000 $338,000 $1,315,000 $99,000 $344,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 15 $3,105,000 $207,000 $485,000 $107,000 $509,000

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 2,758 $901,310,000 $326,000 $28,805,000 $142,000 $5,587,000
Application Withdrawn By Applicant 570 $181,140,000 $317,000 $2,415,000 $161,000 $2,374,000
Loan Purchased By The Institution 91 $19,125,000 $210,000 $2,475,000 $0 $0
File Closed For Incompleteness 73 $25,205,000 $345,000 $1,355,000 $172,000 $1,544,000
Application Denied By Financial Institution 66 $22,010,000 $333,000 $2,555,000 $124,000 $1,026,000
Application Approved But Not Accepted 49 $14,565,000 $297,000 $795,000 $162,000 $875,000
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
Not applicable 3,541 $1,141,345,000 $322,000 $28,805,000 $147,000 $5,587,000
Debt-To-Income Ratio 20 $7,150,000 $357,000 $2,555,000 $93,000 $435,000
Credit History 16 $5,020,000 $313,000 $1,025,000 $146,000 $1,026,000
Unverifiable Information 15 $4,185,000 $279,000 $375,000 $96,000 $201,000
Collateral 5 $1,395,000 $279,000 $705,000 $187,000 $614,000
Insufficient Cash (Downpayment, Closing Cost) 5 $1,875,000 $375,000 $875,000 $144,000 $283,000
Other 4 $2,210,000 $552,000 $1,585,000 $241,000 $535,000
Mortgage Insurance Denied 1 $175,000 $175,000 $175,000 $108,000 $108,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Independent Bank's 2019 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 Independent Bank'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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