Independent Bank Mortgage Lending & HMDA Data, 2020
In 2020, Independent Bank of McKinney, TX reported 4,809 mortgage applications totaling $1.7 billion, up 33% from 2019. The average application was for $347,888, and applicants reported an average income of $167,074. 79% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Dallas-Plano-Irving, TX (1,131), Austin-Round Rock, TX (817) and Houston-The Woodlands-Sugar Land, TX (714) (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 | 4,809 |
| Total Mortgage Loan Application Amount | $1,672,995,000 |
| Average Mortgage Loan Application Amount | $347,888 |
| Highest Mortgage Loan Application Amount | $38,745,000 |
| Average Applicant Income | $167,074 |
| Highest Applicant Income | $7,710,000 |
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Act (HMDA) records Independent Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Dallas-Plano-Irving, TX | 1,131 | $ 359,895,000 | $ 318,209 | $ 155,000 |
| Austin-Round Rock, TX | 817 | $ 314,785,000 | $ 385,293 | $ 221,000 |
| Houston-The Woodlands-Sugar Land, TX | 714 | $ 248,090,000 | $ 347,464 | $ 167,000 |
| Denver-Aurora-Lakewood, CO | 367 | $ 164,125,000 | $ 447,207 | $ 166,000 |
| Fort Worth-Arlington, TX | 308 | $ 81,200,000 | $ 263,636 | $ 132,000 |
| Outside any metro area | 294 | $ 91,290,000 | $ 310,510 | $ 206,668 |
| Greeley, CO | 230 | $ 88,130,000 | $ 383,173 | $ 124,000 |
| Fort Collins, CO | 229 | $ 71,515,000 | $ 312,292 | $ 123,000 |
| Colorado Springs, CO | 212 | $ 97,710,000 | $ 460,896 | $ 90,000 |
| Sherman-Denison, TX | 165 | $ 37,755,000 | $ 228,818 | $ 147,000 |
| Waco, TX | 71 | $ 21,265,000 | $ 299,507 | $ 203,000 |
| San Antonio-New Braunfels, TX | 33 | $ 9,505,000 | $ 288,030 | $ 340,000 |
| Boulder, CO | 30 | $ 11,160,000 | $ 372,000 | $ 121,000 |
| Corpus Christi, TX | 15 | $ 5,565,000 | $ 371,000 | $ 204,000 |
| Pueblo, CO | 12 | $ 2,030,000 | $ 169,166 | $ 43,000 |
| Killeen-Temple, TX | 11 | $ 2,005,000 | $ 182,272 | $ 214,000 |
| Phoenix-Mesa-Scottsdale, AZ | 11 | $ 4,185,000 | $ 380,454 | $ 195,000 |
| College Station-Bryan, TX | 6 | $ 13,400,000 | $ 2,233,333 | $ 183,000 |
| Riverside-San Bernardino-Ontario, CA | 6 | $ 1,750,000 | $ 291,666 | $ 456,000 |
| Jacksonville, FL | 5 | $ 1,965,000 | $ 393,000 | $ 164,000 |
| Lubbock, TX | 5 | $ 1,035,000 | $ 207,000 | $ 101,000 |
| McAllen-Edinburg-Mission, TX | 5 | $ 1,295,000 | $ 259,000 | $ 104,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 5 | $ 1,555,000 | $ 311,000 | $ 193,000 |
| Crestview-Fort Walton Beach-Destin, FL | 4 | $ 5,790,000 | $ 1,447,500 | $ 310,000 |
| Indianapolis-Carmel-Anderson, IN | 4 | $ 510,000 | $ 127,500 | $ 154,000 |
| Laredo, TX | 4 | $ 1,390,000 | $ 347,500 | $ 202,000 |
| Oklahoma City, OK | 4 | $ 1,040,000 | $ 260,000 | $ 114,000 |
| Wichita Falls, TX | 4 | $ 390,000 | $ 97,500 | $ 44,000 |
| Anaheim-Santa Ana-Irvine, CA | 3 | $ 1,135,000 | $ 378,333 | $ 347,000 |
| Cheyenne, WY | 3 | $ 615,000 | $ 205,000 | $ 66,000 |
| Chicago-Naperville, IL | 3 | $ 885,000 | $ 295,000 | $ 161,000 |
| Huntsville, AL | 3 | $ 285,000 | $ 95,000 | $ 156,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 975,000 | $ 325,000 | $ 162,000 |
| Port St. Lucie, FL | 3 | $ 475,000 | $ 158,333 | $ 110,000 |
| Abilene, TX | 2 | $ 1,480,000 | $ 740,000 | $ 362,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 390,000 | $ 195,000 | $ 45,500 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 400,000 | $ 200,000 | $ 148,000 |
| Cincinnati, OH-KY-IN | 2 | $ 720,000 | $ 360,000 | $ 230,500 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 440,000 | $ 220,000 | $ 81,000 |
| Fort Smith, AR-OK | 2 | $ 330,000 | $ 165,000 | $ 56,000 |
| Kingston, NY | 2 | $ 690,000 | $ 345,000 | $ 262,000 |
| Las Vegas-Henderson-Paradise, NV | 2 | $ 600,000 | $ 300,000 | $ 109,000 |
| Midland, TX | 2 | $ 610,000 | $ 305,000 | $ 124,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 200,000 | $ 100,000 | $ 105,000 |
| New Orleans-Metairie, LA | 2 | $ 610,000 | $ 305,000 | $ 186,000 |
| Ogden-Clearfield, UT | 2 | $ 500,000 | $ 250,000 | $ 152,000 |
| Omaha-Council Bluffs, NE-IA | 2 | $ 380,000 | $ 190,000 | $ 68,000 |
| Panama City, FL | 2 | $ 490,000 | $ 245,000 | $ 140,000 |
| San Diego-Carlsbad, CA | 2 | $ 900,000 | $ 450,000 | $ 215,000 |
| St. Louis, MO-IL | 2 | $ 700,000 | $ 350,000 | $ 235,500 |
| Tulsa, OK | 2 | $ 350,000 | $ 175,000 | $ 167,000 |
| Albuquerque, NM | 1 | $ 155,000 | $ 155,000 | $ 168,000 |
| Amarillo, TX | 1 | $ 225,000 | $ 225,000 | $ 89,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 415,000 | $ 415,000 | $ 283,000 |
| Barnstable Town, MA | 1 | $ 505,000 | $ 505,000 | $ 187,000 |
| Beaumont-Port Arthur, TX | 1 | $ 85,000 | $ 85,000 | $ 69,000 |
| Boston, MA | 1 | $ 155,000 | $ 155,000 | $ 160,000 |
| Bremerton-Silverdale, WA | 1 | $ 485,000 | $ 485,000 | $ 89,000 |
| Brownsville-Harlingen, TX | 1 | $ 335,000 | $ 335,000 | $ 495,000 |
| Canton-Massillon, OH | 1 | $ 175,000 | $ 175,000 | $ 47,000 |
| El Paso, TX | 1 | $ 275,000 | $ 275,000 | $ 92,000 |
| Eugene, OR | 1 | $ 295,000 | $ 295,000 | $ 164,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 285,000 | $ 285,000 | $ 205,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 145,000 | $ 145,000 | $ 64,000 |
| Greensboro-High Point, NC | 1 | $ 175,000 | $ 175,000 | $ 36,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 425,000 | $ 425,000 | $ 463,000 |
| Homosassa Springs, FL | 1 | $ 155,000 | $ 155,000 | $ 114,000 |
| Hot Springs, AR | 1 | $ 95,000 | $ 95,000 | $ 189,000 |
| Idaho Falls, ID | 1 | $ 675,000 | $ 675,000 | $ 0 |
| Jackson, MS | 1 | $ 355,000 | $ 355,000 | $ 115,000 |
| Lafayette, LA | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Lincoln, NE | 1 | $ 155,000 | $ 155,000 | $ 102,000 |
| Longview, TX | 1 | $ 285,000 | $ 285,000 | $ 118,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 395,000 | $ 395,000 | $ 100,000 |
| Lynchburg, VA | 1 | $ 315,000 | $ 315,000 | $ 55,000 |
| Medford, OR | 1 | $ 515,000 | $ 515,000 | $ 138,000 |
| Memphis, TN-MS-AR | 1 | $ 245,000 | $ 245,000 | $ 131,000 |
| Merced, CA | 1 | $ 285,000 | $ 285,000 | $ 72,000 |
| Midland, MI | 1 | $ 365,000 | $ 365,000 | $ 180,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 145,000 | $ 145,000 | $ 44,000 |
| Missoula, MT | 1 | $ 95,000 | $ 95,000 | $ 58,000 |
| Modesto, CA | 1 | $ 355,000 | $ 355,000 | $ 85,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 135,000 | $ 135,000 | $ 81,000 |
| New Haven-Milford, CT | 1 | $ 255,000 | $ 255,000 | $ 161,000 |
| Newark, NJ-PA | 1 | $ 165,000 | $ 165,000 | $ 180,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 275,000 | $ 275,000 | $ 150,000 |
| Oshkosh-Neenah, WI | 1 | $ 305,000 | $ 305,000 | $ 91,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 485,000 | $ 485,000 | $ 288,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 375,000 | $ 375,000 | $ 171,000 |
| Salem, OR | 1 | $ 235,000 | $ 235,000 | $ 74,000 |
| Salinas, CA | 1 | $ 3,005,000 | $ 3,005,000 | $ 0 |
| Salt Lake City, UT | 1 | $ 355,000 | $ 355,000 | $ 130,000 |
| San Angelo, TX | 1 | $ 245,000 | $ 245,000 | $ 0 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 355,000 | $ 355,000 | $ 607,000 |
| Santa Fe, NM | 1 | $ 325,000 | $ 325,000 | $ 118,000 |
| Sebastian-Vero Beach, FL | 1 | $ 385,000 | $ 385,000 | $ 141,000 |
| Sierra Vista-Douglas, AZ | 1 | $ 35,000 | $ 35,000 | $ 163,000 |
| Sioux Falls, SD | 1 | $ 495,000 | $ 495,000 | $ 194,000 |
| Tacoma-Lakewood, WA | 1 | $ 225,000 | $ 225,000 | $ 64,000 |
| Topeka, KS | 1 | $ 155,000 | $ 155,000 | $ 33,000 |
| Tucson, AZ | 1 | $ 165,000 | $ 165,000 | $ 29,000 |
| Tuscaloosa, AL | 1 | $ 605,000 | $ 605,000 | $ 0 |
| Tyler, TX | 1 | $ 385,000 | $ 385,000 | $ 128,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 285,000 | $ 285,000 | $ 170,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 235,000 | $ 235,000 | $ 780,000 |
| Wichita, KS | 1 | $ 255,000 | $ 255,000 | $ 103,000 |
Mortgage Loan Application Detail Totals for Independent Bank in 2020
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 | 2,194 | $880,000,000 | $401,000 | $38,745,000 | $174,000 | $7,710,000 |
| Refinancing | 1,761 | $543,265,000 | $308,000 | $9,985,000 | $159,000 | $4,941,000 |
| Cash-out Refinancing | 724 | $220,150,000 | $304,000 | $3,565,000 | $153,000 | $3,942,000 |
| Other Purpose | 73 | $18,265,000 | $250,000 | $695,000 | $227,000 | $5,845,000 |
| Home Improvement | 57 | $11,315,000 | $198,000 | $3,345,000 | $252,000 | $2,116,000 |
| Not Applicable | 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 |
|---|---|---|---|---|---|---|
| White | 2,619 | $874,335,000 | $333,000 | $5,005,000 | $197,000 | $7,710,000 |
| Hispanic | 852 | $195,970,000 | $230,000 | $1,365,000 | $84,000 | $775,000 |
| Not Provided | 818 | $246,170,000 | $300,000 | $3,505,000 | $160,000 | $3,942,000 |
| Not applicable | 311 | $295,705,000 | $950,000 | $38,745,000 | $0 | $0 |
| Asian | 128 | $41,300,000 | $322,000 | $2,485,000 | $165,000 | $1,506,000 |
| Black or African American | 62 | $14,630,000 | $235,000 | $685,000 | $121,000 | $674,000 |
| American Indian or Alaskan Native | 10 | $2,840,000 | $284,000 | $595,000 | $205,000 | $780,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $235,000 | $235,000 | $235,000 | $125,000 | $125,000 |
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) | 4,328 | $1,544,720,000 | $356,000 | $38,745,000 | $177,000 | $7,710,000 |
| FHA-insured (Federal Housing Administration) | 333 | $78,545,000 | $235,000 | $525,000 | $67,000 | $250,000 |
| VA-guaranteed (Veterans Administration) | 121 | $43,435,000 | $358,000 | $955,000 | $108,000 | $452,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 27 | $6,295,000 | $233,000 | $1,245,000 | $78,000 | $540,000 |
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 | 3,777 | $1,342,045,000 | $355,000 | $38,745,000 | $169,000 | $7,710,000 |
| Application Withdrawn By Applicant | 702 | $228,320,000 | $325,000 | $3,505,000 | $154,000 | $2,449,000 |
| File Closed For Incompleteness | 191 | $56,325,000 | $294,000 | $2,115,000 | $150,000 | $850,000 |
| Application Denied By Financial Institution | 68 | $25,890,000 | $380,000 | $4,505,000 | $150,000 | $2,403,000 |
| Application Approved But Not Accepted | 63 | $18,735,000 | $297,000 | $1,035,000 | $207,000 | $3,942,000 |
| Loan Purchased By The Institution | 8 | $1,680,000 | $210,000 | $345,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 4,741 | $1,647,105,000 | $347,000 | $38,745,000 | $167,000 | $7,710,000 |
| Unverifiable Information | 35 | $9,595,000 | $274,000 | $515,000 | $83,000 | $225,000 |
| Debt-To-Income Ratio | 11 | $8,285,000 | $753,000 | $4,505,000 | $335,000 | $2,403,000 |
| Credit History | 10 | $1,190,000 | $119,000 | $235,000 | $76,000 | $251,000 |
| Collateral | 7 | $3,435,000 | $490,000 | $2,115,000 | $225,000 | $1,074,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $2,975,000 | $991,000 | $2,345,000 | $401,000 | $626,000 |
| Other | 1 | $55,000 | $55,000 | $55,000 | $0 | $0 |
| Credit Application Incomplete | 1 | $355,000 | $355,000 | $355,000 | $89,000 | $89,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Independent Bank's 2020 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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