Inspired Financial Services, LLC Mortgage Lending & HMDA Data, 2013
In 2013, Inspired Financial Services, LLC of Cedar Falls, IA reported 316 mortgage applications totaling $35.6 million. The average application was for $112,613, and applicants reported an average income of $61,544. 65% of its applications resulted in an originated loan and 35% were denied. Its largest markets were Cedar Rapids, IA (31), Waterloo-Cedar Falls, IA (30) and Ames, IA (7) (applications in parentheses).
| Mortgage Company & Address | Inspired Financial Services, LLC 2708 Bicentennial Dr, Ste A Cedar Falls, IA 50613 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 |
| Total Number of Mortgage Applications | 316 |
| Total Mortgage Loan Application Amount | $35,586,000 |
| Average Mortgage Loan Application Amount | $112,613 |
| Highest Mortgage Loan Application Amount | $411,000 |
| Average Applicant Income | $61,544 |
| Highest Applicant Income | $398,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Inspired Financial Services, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Linn, Iowa | 20 | $ 2,623,000 | $ 131,150 | $ 62,000 |
| Cherokee, Iowa | 17 | $ 1,194,000 | $ 70,235 | $ 44,000 |
| Black Hawk, Iowa | 13 | $ 1,770,000 | $ 136,153 | $ 71,000 |
| Hardin, Iowa | 13 | $ 961,000 | $ 73,923 | $ 37,000 |
| Clay, Iowa | 12 | $ 1,726,000 | $ 143,833 | $ 94,000 |
| Butler, Iowa | 11 | $ 1,619,000 | $ 147,181 | $ 81,000 |
| Bremer, Iowa | 10 | $ 1,431,000 | $ 143,100 | $ 54,000 |
| Page, Iowa | 10 | $ 1,121,000 | $ 112,100 | $ 66,000 |
| Webster, Iowa | 9 | $ 589,000 | $ 65,444 | $ 55,000 |
| Lyon, Iowa | 8 | $ 599,000 | $ 74,875 | $ 38,000 |
| Grundy, Iowa | 7 | $ 972,000 | $ 138,857 | $ 73,000 |
| Kossuth, Iowa | 7 | $ 383,000 | $ 54,714 | $ 40,000 |
| O'Brien, Iowa | 7 | $ 749,000 | $ 107,000 | $ 93,000 |
| Story, Iowa | 7 | $ 787,000 | $ 112,428 | $ 61,000 |
| Winnebago, Iowa | 7 | $ 583,000 | $ 83,285 | $ 42,000 |
| Benton, Iowa | 6 | $ 624,000 | $ 104,000 | $ 63,000 |
| Davis, Iowa | 6 | $ 401,000 | $ 66,833 | $ 45,000 |
| Dickinson, Iowa | 6 | $ 1,060,000 | $ 176,666 | $ 66,000 |
| Emmet, Iowa | 6 | $ 607,000 | $ 101,166 | $ 51,000 |
| Fayette, Iowa | 6 | $ 698,000 | $ 116,333 | $ 65,000 |
| Humboldt, Iowa | 6 | $ 487,000 | $ 81,166 | $ 40,000 |
| Tama, Iowa | 6 | $ 471,000 | $ 78,500 | $ 49,000 |
| Delaware, Iowa | 5 | $ 529,000 | $ 105,800 | $ 47,000 |
| Floyd, Iowa | 5 | $ 363,000 | $ 72,600 | $ 39,000 |
| Jefferson, Iowa | 5 | $ 591,000 | $ 118,200 | $ 46,000 |
| Jones, Iowa | 5 | $ 668,000 | $ 133,600 | $ 51,000 |
| Mitchell, Iowa | 5 | $ 545,000 | $ 109,000 | $ 34,000 |
| Osceola, Iowa | 5 | $ 556,000 | $ 111,200 | $ 47,000 |
| Sioux, Iowa | 5 | $ 771,000 | $ 154,200 | $ 44,000 |
| Van Buren, Iowa | 5 | $ 393,000 | $ 78,600 | $ 43,000 |
| Rock, Minnesota | 5 | $ 659,000 | $ 131,800 | $ 102,000 |
| Boone, Iowa | 3 | $ 250,000 | $ 83,333 | $ 84,000 |
| Cerro Gordo, Iowa | 3 | $ 629,000 | $ 209,666 | $ 119,000 |
| Chickasaw, Iowa | 3 | $ 203,000 | $ 67,666 | $ 22,000 |
| Clarke, Iowa | 3 | $ 370,000 | $ 123,333 | $ 36,000 |
| Hancock, Iowa | 3 | $ 244,000 | $ 81,333 | $ 31,000 |
| Polk, Iowa | 3 | $ 663,000 | $ 221,000 | $ 155,000 |
| Pottawattamie, Iowa | 3 | $ 575,000 | $ 191,666 | $ 109,000 |
| Wapello, Iowa | 3 | $ 458,000 | $ 152,666 | $ 96,000 |
| Rice, Minnesota | 3 | $ 576,000 | $ 192,000 | $ 61,000 |
| Buchanan, Iowa | 2 | $ 190,000 | $ 95,000 | $ 57,000 |
| Clinton, Iowa | 2 | $ 140,000 | $ 70,000 | $ 62,000 |
| Henry, Iowa | 2 | $ 180,000 | $ 90,000 | $ 23,000 |
| Jackson, Iowa | 2 | $ 149,000 | $ 74,500 | $ 19,000 |
| Jasper, Iowa | 2 | $ 239,000 | $ 119,500 | $ 41,000 |
| Keokuk, Iowa | 2 | $ 174,000 | $ 87,000 | $ 25,000 |
| Monroe, Iowa | 2 | $ 325,000 | $ 162,500 | $ 65,000 |
| Palo Alto, Iowa | 2 | $ 199,000 | $ 99,500 | $ 41,000 |
| Scott, Iowa | 2 | $ 437,000 | $ 218,500 | $ 167,000 |
| Martin, Minnesota | 2 | $ 218,000 | $ 109,000 | $ 52,000 |
| Maricopa, Arizona | 1 | $ 298,000 | $ 298,000 | $ 398,000 |
| Adair, Iowa | 1 | $ 236,000 | $ 236,000 | $ 87,000 |
| Buena Vista, Iowa | 1 | $ 100,000 | $ 100,000 | $ 54,000 |
| Calhoun, Iowa | 1 | $ 69,000 | $ 69,000 | $ 33,000 |
| Clayton, Iowa | 1 | $ 50,000 | $ 50,000 | $ 55,000 |
| Dallas, Iowa | 1 | $ 114,000 | $ 114,000 | $ 89,000 |
| Louisa, Iowa | 1 | $ 60,000 | $ 60,000 | $ 26,000 |
| Marion, Iowa | 1 | $ 116,000 | $ 116,000 | $ 36,000 |
| Mills, Iowa | 1 | $ 82,000 | $ 82,000 | $ 48,000 |
| Muscatine, Iowa | 1 | $ 56,000 | $ 56,000 | $ 14,000 |
| Plymouth, Iowa | 1 | $ 77,000 | $ 77,000 | $ 50,000 |
| Poweshiek, Iowa | 1 | $ 103,000 | $ 103,000 | $ 61,000 |
| Taylor, Iowa | 1 | $ 51,000 | $ 51,000 | $ 40,000 |
| Winneshiek, Iowa | 1 | $ 216,000 | $ 216,000 | $ 54,000 |
| Woodbury, Iowa | 1 | $ 54,000 | $ 54,000 | $ 53,000 |
| Worth, Iowa | 1 | $ 148,000 | $ 148,000 | $ 55,000 |
| Wright, Iowa | 1 | $ 56,000 | $ 56,000 | $ 43,000 |
| Cottonwood, Minnesota | 1 | $ 180,000 | $ 180,000 | $ 41,000 |
| Jackson, Minnesota | 1 | $ 102,000 | $ 102,000 | $ 308,000 |
| Nicollet, Minnesota | 1 | $ 99,000 | $ 99,000 | $ 72,000 |
| Steele, Minnesota | 1 | $ 20,000 | $ 20,000 | $ 52,000 |
| Nodaway, Missouri | 1 | $ 142,000 | $ 142,000 | $ 96,000 |
| Douglas, Nebraska | 1 | $ 88,000 | $ 88,000 | $ 322,000 |
| Lincoln, South Dakota | 1 | $ 320,000 | $ 320,000 | $ 130,000 |
Mortgage Loan Application Detail Totals for Inspired Financial Services, LLC in 2013
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 | 218 | $22,028,000 | $101,000 | $406,000 | $51,000 | $398,000 |
| Refinancing | 98 | $13,558,000 | $138,000 | $411,000 | $85,000 | $366,000 |
| Home Improvement | 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 | 281 | $31,973,000 | $113,000 | $411,000 | $62,000 | $398,000 |
| Not Provided | 25 | $2,794,000 | $111,000 | $320,000 | $64,000 | $170,000 |
| Hispanic | 6 | $425,000 | $70,000 | $81,000 | $42,000 | $56,000 |
| Black or African American | 2 | $157,000 | $78,000 | $93,000 | $40,000 | $41,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $97,000 | $97,000 | $97,000 | $58,000 | $58,000 |
| Asian | 1 | $140,000 | $140,000 | $140,000 | $32,000 | $32,000 |
| American Indian or Alaskan Native | 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) | 165 | $22,043,000 | $133,000 | $411,000 | $80,000 | $398,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 151 | $13,543,000 | $89,000 | $220,000 | $42,000 | $81,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 204 | $25,256,000 | $123,000 | $411,000 | $70,000 | $398,000 |
| Application Denied By Financial Institution | 112 | $10,330,000 | $92,000 | $350,000 | $47,000 | $209,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 43 | $3,447,000 | $80,000 | $195,000 | $49,000 | $94,000 |
| Debt-To-Income Ratio | 36 | $3,882,000 | $107,000 | $350,000 | $44,000 | $186,000 |
| Collateral | 19 | $1,947,000 | $102,000 | $348,000 | $58,000 | $209,000 |
| Employment History | 7 | $604,000 | $86,000 | $134,000 | $30,000 | $40,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $146,000 | $48,000 | $51,000 | $32,000 | $40,000 |
| Unverifiable Information | 2 | $142,000 | $71,000 | $96,000 | $30,000 | $35,000 |
| Other | 1 | $95,000 | $95,000 | $95,000 | $50,000 | $50,000 |
| Credit Application Incomplete | 1 | $67,000 | $67,000 | $67,000 | $27,000 | $27,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Inspired Financial Services, LLC's 2013 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 Inspired Financial Services, LLC'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.
For a list of all lenders in Iowa, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About