Irwin B&Tc Mortgage Lending & HMDA Data, 2008
In 2008, Irwin B&Tc of Indiana, PA reported 383 mortgage applications totaling $33.9 million. The average application was for $88,381, and applicants reported an average income of $67,036. 72% of its applications resulted in an originated loan and 18% were denied. Its largest market was Pittsburgh, PA (379).
| Mortgage Company & Address | Irwin B&Tc 355 N 5th Street Indiana, PA 15748 |
| Federal Regulator | * available with data download |
| Years | 2008 |
| Total Number of Mortgage Applications | 383 |
| Total Mortgage Loan Application Amount | $33,850,000 |
| Average Mortgage Loan Application Amount | $88,381 |
| Highest Mortgage Loan Application Amount | $980,000 |
| Average Applicant Income | $67,036 |
| Highest Applicant Income | $357,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Irwin B&Tc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Westmoreland, Pennsylvania | 293 | $ 24,958,000 | $ 85,180 | $ 70,000 |
| Allegheny, Pennsylvania | 73 | $ 7,335,000 | $ 100,479 | $ 57,000 |
| Fayette, Pennsylvania | 11 | $ 890,000 | $ 80,909 | $ 46,000 |
| Somerset, Pennsylvania | 3 | $ 427,000 | $ 142,333 | $ 41,000 |
| Beaver, Pennsylvania | 1 | $ 130,000 | $ 130,000 | $ 78,000 |
| Lawrence, Pennsylvania | 1 | $ 76,000 | $ 76,000 | $ 44,000 |
| Washington, Pennsylvania | 1 | $ 34,000 | $ 34,000 | $ 169,000 |
Mortgage Loan Application Detail Totals for Irwin B&Tc in 2008
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 |
|---|---|---|---|---|---|---|
| Refinancing | 174 | $18,419,000 | $105,000 | $750,000 | $67,000 | $265,000 |
| Home Improvement | 137 | $5,088,000 | $37,000 | $325,000 | $65,000 | $287,000 |
| Home Purchase | 72 | $10,343,000 | $143,000 | $980,000 | $71,000 | $357,000 |
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 | 351 | $27,592,000 | $78,000 | $740,000 | $70,000 | $357,000 |
| Not applicable | 18 | $5,383,000 | $299,000 | $980,000 | $0 | $0 |
| Not Provided | 9 | $595,000 | $66,000 | $152,000 | $63,000 | $176,000 |
| Black or African American | 3 | $191,000 | $63,000 | $130,000 | $115,000 | $265,000 |
| Hispanic | 1 | $39,000 | $39,000 | $39,000 | $40,000 | $40,000 |
| American Indian or Alaskan Native | 1 | $50,000 | $50,000 | $50,000 | $49,000 | $49,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 379 | $33,449,000 | $88,000 | $980,000 | $67,000 | $357,000 |
| FHA-insured (Federal Housing Administration) | 4 | $401,000 | $100,000 | $139,000 | $65,000 | $78,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 274 | $22,405,000 | $81,000 | $650,000 | $68,000 | $357,000 |
| Application Denied By Financial Institution | 69 | $3,797,000 | $55,000 | $179,000 | $54,000 | $160,000 |
| Application Withdrawn By Applicant | 27 | $5,912,000 | $218,000 | $980,000 | $82,000 | $269,000 |
| Application Approved But Not Accepted | 7 | $753,000 | $107,000 | $360,000 | $77,000 | $153,000 |
| File Closed For Incompleteness | 6 | $983,000 | $163,000 | $298,000 | $75,000 | $102,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 24 | $1,295,000 | $53,000 | $140,000 | $73,000 | $160,000 |
| Debt-To-Income Ratio | 21 | $1,134,000 | $54,000 | $153,000 | $39,000 | $100,000 |
| Credit History | 19 | $727,000 | $38,000 | $123,000 | $49,000 | $99,000 |
| Credit Application Incomplete | 2 | $232,000 | $116,000 | $157,000 | $42,000 | $85,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $179,000 | $179,000 | $179,000 | $59,000 | $59,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Irwin B&Tc's 2008 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 Irwin B&Tc'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 Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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