Independent Bank Mortgage Lending & HMDA Data, 2022
In 2022, Independent Bank of McKinney, TX reported 2,651 mortgage applications totaling $1.9 billion, down 34% from 2021. The average application was for $732,691, and applicants reported an average income of $217,227. 74% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Dallas-Plano-Irving, TX (768), Houston-The Woodlands-Sugar Land, TX (465) and Austin-Round Rock, TX (381) (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 | 2,651 |
| Total Mortgage Loan Application Amount | $1,942,365,000 |
| Average Mortgage Loan Application Amount | $732,691 |
| Highest Mortgage Loan Application Amount | $51,255,000 |
| Average Applicant Income | $217,227 |
| Highest Applicant Income | $6,940,000 |
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Act (HMDA) records Independent Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 768 | $ 458,880,000 | $ 597,500 | $ 178,000 |
| Houston-The Woodlands-Sugar Land, TX | 465 | $ 332,875,000 | $ 715,860 | $ 177,000 |
| Austin-Round Rock, TX | 381 | $ 300,405,000 | $ 788,464 | $ 385,000 |
| Outside any metro area | 171 | $ 129,185,000 | $ 755,467 | $ 247,521 |
| Fort Worth-Arlington, TX | 132 | $ 66,810,000 | $ 506,136 | $ 178,000 |
| Sherman-Denison, TX | 128 | $ 30,930,000 | $ 241,640 | $ 175,000 |
| Denver-Aurora-Lakewood, CO | 121 | $ 88,955,000 | $ 735,165 | $ 198,000 |
| Greeley, CO | 62 | $ 73,380,000 | $ 1,183,548 | $ 164,000 |
| Colorado Springs, CO | 57 | $ 26,695,000 | $ 468,333 | $ 139,000 |
| Waco, TX | 53 | $ 18,685,000 | $ 352,547 | $ 160,000 |
| Fort Collins, CO | 52 | $ 32,720,000 | $ 629,230 | $ 196,000 |
| St. Louis, MO-IL | 39 | $ 2,105,000 | $ 53,974 | $ 0 |
| Kansas City, MO-KS | 25 | $ 3,215,000 | $ 128,600 | $ 0 |
| San Antonio-New Braunfels, TX | 23 | $ 62,195,000 | $ 2,704,130 | $ 370,000 |
| Killeen-Temple, TX | 15 | $ 2,895,000 | $ 193,000 | $ 110,000 |
| Boulder, CO | 14 | $ 11,420,000 | $ 815,714 | $ 373,000 |
| College Station-Bryan, TX | 12 | $ 31,670,000 | $ 2,639,166 | $ 386,000 |
| Oklahoma City, OK | 7 | $ 1,285,000 | $ 183,571 | $ 162,000 |
| Daphne-Fairhope-Foley, AL | 6 | $ 2,090,000 | $ 348,333 | $ 116,000 |
| Phoenix-Mesa-Scottsdale, AZ | 6 | $ 45,640,000 | $ 7,606,666 | $ 388,000 |
| McAllen-Edinburg-Mission, TX | 5 | $ 6,185,000 | $ 1,237,000 | $ 126,000 |
| Pueblo, CO | 5 | $ 915,000 | $ 183,000 | $ 69,000 |
| Albuquerque, NM | 4 | $ 12,030,000 | $ 3,007,500 | $ 84,000 |
| Corpus Christi, TX | 4 | $ 1,010,000 | $ 252,500 | $ 77,000 |
| Gulfport-Biloxi-Pascagoula, MS | 4 | $ 810,000 | $ 202,500 | $ 0 |
| Barnstable Town, MA | 3 | $ 2,225,000 | $ 741,666 | $ 385,000 |
| Beaumont-Port Arthur, TX | 3 | $ 745,000 | $ 248,333 | $ 145,000 |
| Detroit-Dearborn-Livonia, MI | 3 | $ 225,000 | $ 75,000 | $ 411,000 |
| El Paso, TX | 3 | $ 1,115,000 | $ 371,666 | $ 96,000 |
| Greenville-Anderson-Mauldin, SC | 3 | $ 6,715,000 | $ 2,238,333 | $ 0 |
| Longview, TX | 3 | $ 17,425,000 | $ 5,808,333 | $ 139,000 |
| South Bend-Mishawaka, IN-MI | 3 | $ 195,000 | $ 65,000 | $ 57,000 |
| Toledo, OH | 3 | $ 185,000 | $ 61,666 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 6,525,000 | $ 2,175,000 | $ 188,000 |
| Wichita Falls, TX | 3 | $ 635,000 | $ 211,666 | $ 176,000 |
| Abilene, TX | 2 | $ 350,000 | $ 175,000 | $ 51,000 |
| Amarillo, TX | 2 | $ 3,980,000 | $ 1,990,000 | $ 0 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 10,690,000 | $ 5,345,000 | $ 146,000 |
| Cleveland-Elyria, OH | 2 | $ 160,000 | $ 80,000 | $ 420,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 930,000 | $ 465,000 | $ 144,000 |
| Michigan City-La Porte, IN | 2 | $ 230,000 | $ 115,000 | $ 60,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 4,370,000 | $ 2,185,000 | $ 0 |
| Santa Fe, NM | 2 | $ 51,500,000 | $ 25,750,000 | $ 126,000 |
| Tucson, AZ | 2 | $ 3,210,000 | $ 1,605,000 | $ 0 |
| Tulsa, OK | 2 | $ 750,000 | $ 375,000 | $ 1,811,000 |
| Tuscaloosa, AL | 2 | $ 460,000 | $ 230,000 | $ 170,000 |
| Akron, OH | 1 | $ 105,000 | $ 105,000 | $ 103,000 |
| Asheville, NC | 1 | $ 885,000 | $ 885,000 | $ 0 |
| Augusta-Richmond County, GA-SC | 1 | $ 345,000 | $ 345,000 | $ 138,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 2,135,000 | $ 2,135,000 | $ 0 |
| Brownsville-Harlingen, TX | 1 | $ 95,000 | $ 95,000 | $ 88,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 195,000 | $ 195,000 | $ 38,000 |
| Charleston-North Charleston, SC | 1 | $ 15,405,000 | $ 15,405,000 | $ 0 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 355,000 | $ 355,000 | $ 180,000 |
| Chico, CA | 1 | $ 765,000 | $ 765,000 | $ 0 |
| Columbus, OH | 1 | $ 4,255,000 | $ 4,255,000 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 435,000 | $ 435,000 | $ 0 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 245,000 | $ 245,000 | $ 60,000 |
| Gainesville, FL | 1 | $ 385,000 | $ 385,000 | $ 575,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 695,000 | $ 695,000 | $ 0 |
| Hot Springs, AR | 1 | $ 225,000 | $ 225,000 | $ 300,000 |
| Huntsville, AL | 1 | $ 245,000 | $ 245,000 | $ 95,000 |
| Jacksonville, FL | 1 | $ 625,000 | $ 625,000 | $ 690,000 |
| Kahului-Wailuku-Lahaina, HI | 1 | $ 1,405,000 | $ 1,405,000 | $ 482,000 |
| Laredo, TX | 1 | $ 265,000 | $ 265,000 | $ 86,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 3,225,000 | $ 3,225,000 | $ 0 |
| Lubbock, TX | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Lynchburg, VA | 1 | $ 3,035,000 | $ 3,035,000 | $ 0 |
| Midland, TX | 1 | $ 205,000 | $ 205,000 | $ 134,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 625,000 | $ 625,000 | $ 222,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 115,000 | $ 115,000 | $ 43,000 |
| Odessa, TX | 1 | $ 75,000 | $ 75,000 | $ 317,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 3,625,000 | $ 3,625,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 925,000 | $ 925,000 | $ 360,000 |
| Portland-South Portland, ME | 1 | $ 665,000 | $ 665,000 | $ 0 |
| Raleigh, NC | 1 | $ 24,945,000 | $ 24,945,000 | $ 0 |
| Richmond, VA | 1 | $ 3,785,000 | $ 3,785,000 | $ 0 |
| Salt Lake City, UT | 1 | $ 415,000 | $ 415,000 | $ 286,000 |
| San Angelo, TX | 1 | $ 685,000 | $ 685,000 | $ 0 |
| Seattle-Bellevue-Everett, WA | 1 | $ 925,000 | $ 925,000 | $ 599,000 |
| Sioux Falls, SD | 1 | $ 1,615,000 | $ 1,615,000 | $ 0 |
| Springfield, MO | 1 | $ 175,000 | $ 175,000 | $ 53,000 |
| Tyler, TX | 1 | $ 11,985,000 | $ 11,985,000 | $ 0 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 165,000 | $ 165,000 | $ 393,000 |
| Waterloo-Cedar Falls, IA | 1 | $ 75,000 | $ 75,000 | $ 133,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 225,000 | $ 225,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for Independent Bank in 2022
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 | 1,990 | $1,638,650,000 | $823,000 | $51,255,000 | $231,000 | $6,940,000 |
| Cash-out Refinancing | 270 | $167,430,000 | $620,000 | $16,005,000 | $141,000 | $858,000 |
| Refinancing | 220 | $104,320,000 | $474,000 | $4,105,000 | $225,000 | $2,963,000 |
| Other Purpose | 97 | $15,235,000 | $157,000 | $1,395,000 | $155,000 | $1,556,000 |
| Home Improvement | 72 | $16,580,000 | $230,000 | $3,225,000 | $188,000 | $1,208,000 |
| Not Applicable | 2 | $150,000 | $75,000 | $95,000 | $19,000 | $19,000 |
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 | 1,031 | $534,575,000 | $518,000 | $22,505,000 | $262,000 | $6,940,000 |
| Not applicable | 580 | $1,016,710,000 | $1,752,000 | $51,255,000 | $0 | $0 |
| Hispanic | 572 | $174,760,000 | $305,000 | $4,135,000 | $123,000 | $1,681,000 |
| Not Provided | 247 | $115,525,000 | $467,000 | $2,975,000 | $239,000 | $2,998,000 |
| Asian | 109 | $58,415,000 | $535,000 | $4,105,000 | $268,000 | $1,441,000 |
| Black or African American | 85 | $27,035,000 | $318,000 | $1,125,000 | $130,000 | $669,000 |
| American Indian or Alaskan Native | 15 | $7,165,000 | $477,000 | $1,665,000 | $257,000 | $1,811,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $585,000 | $585,000 | $585,000 | $83,000 | $83,000 |
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) | 2,424 | $1,870,210,000 | $771,000 | $51,255,000 | $230,000 | $6,940,000 |
| FHA-insured (Federal Housing Administration) | 188 | $57,000,000 | $303,000 | $555,000 | $94,000 | $1,154,000 |
| VA-guaranteed (Veterans Administration) | 36 | $14,470,000 | $401,000 | $1,405,000 | $128,000 | $404,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $685,000 | $228,000 | $325,000 | $68,000 | $94,000 |
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 | 1,971 | $1,632,585,000 | $828,000 | $51,255,000 | $227,000 | $6,940,000 |
| Application Withdrawn By Applicant | 246 | $108,010,000 | $439,000 | $4,105,000 | $192,000 | $2,998,000 |
| Application Denied By Financial Institution | 242 | $90,650,000 | $374,000 | $7,665,000 | $151,000 | $1,979,000 |
| Loan Purchased By The Institution | 83 | $65,695,000 | $791,000 | $2,485,000 | $321,000 | $1,120,000 |
| File Closed For Incompleteness | 70 | $25,360,000 | $362,000 | $1,005,000 | $171,000 | $1,418,000 |
| Application Approved But Not Accepted | 39 | $20,065,000 | $514,000 | $2,945,000 | $170,000 | $1,176,000 |
| 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 | 2,409 | $1,851,715,000 | $768,000 | $51,255,000 | $224,000 | $6,940,000 |
| Debt-To-Income Ratio | 116 | $40,250,000 | $346,000 | $2,845,000 | $103,000 | $785,000 |
| Credit History | 38 | $8,400,000 | $221,000 | $865,000 | $147,000 | $1,298,000 |
| Collateral | 37 | $14,225,000 | $384,000 | $1,605,000 | $212,000 | $1,556,000 |
| Unverifiable Information | 24 | $7,420,000 | $309,000 | $1,195,000 | $135,000 | $399,000 |
| Other | 16 | $15,750,000 | $984,000 | $7,665,000 | $300,000 | $1,154,000 |
| Employment History | 5 | $1,065,000 | $213,000 | $655,000 | $185,000 | $429,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,005,000 | $335,000 | $365,000 | $103,000 | $160,000 |
| Credit Application Incomplete | 3 | $2,535,000 | $845,000 | $2,405,000 | $798,000 | $1,979,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Independent Bank's 2022 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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