Irwin Bank & Trust Company Mortgage Lending & HMDA Data, 2007
In 2007, Irwin Bank & Trust Company of Irwin, PA reported 899 mortgage applications totaling $71.6 million, up 6% from 2006. The average application was for $79,662, and applicants reported an average income of $65,775. 72% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Pittsburgh, PA (889) and Philadelphia, PA (1).
| Mortgage Company & Address | Irwin Bank & Trust Company 309 Main Street Irwin, PA 15642 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 899 |
| Total Mortgage Loan Application Amount | $71,617,000 |
| Average Mortgage Loan Application Amount | $79,662 |
| Highest Mortgage Loan Application Amount | $1,600,000 |
| Average Applicant Income | $65,775 |
| Highest Applicant Income | $402,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Irwin Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 662 | $ 48,523,000 | $ 73,297 | $ 69,000 |
| Allegheny, Pennsylvania | 188 | $ 15,263,000 | $ 81,186 | $ 57,000 |
| Fayette, Pennsylvania | 21 | $ 2,002,000 | $ 95,333 | $ 58,000 |
| Washington, Pennsylvania | 7 | $ 3,395,000 | $ 485,000 | $ 38,000 |
| Butler, Pennsylvania | 6 | $ 993,000 | $ 165,500 | $ 60,000 |
| Somerset, Pennsylvania | 5 | $ 493,000 | $ 98,600 | $ 62,000 |
| Armstrong, Pennsylvania | 3 | $ 188,000 | $ 62,666 | $ 77,000 |
| Beaver, Pennsylvania | 2 | $ 202,000 | $ 101,000 | $ 51,000 |
| Indiana, Pennsylvania | 2 | $ 348,000 | $ 174,000 | $ 10,000 |
| Crawford, Pennsylvania | 1 | $ 50,000 | $ 50,000 | $ 90,000 |
| Huntingdon, Pennsylvania | 1 | $ 93,000 | $ 93,000 | $ 106,000 |
| Philadelphia, Pennsylvania | 1 | $ 67,000 | $ 67,000 | $ 27,000 |
Mortgage Loan Application Detail Totals for Irwin Bank & Trust Company in 2007
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 Improvement | 365 | $12,105,000 | $33,000 | $245,000 | $64,000 | $318,000 |
| Refinancing | 321 | $28,538,000 | $88,000 | $1,600,000 | $63,000 | $196,000 |
| Home Purchase | 213 | $30,974,000 | $145,000 | $1,192,000 | $73,000 | $402,000 |
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 | 841 | $62,313,000 | $74,000 | $1,192,000 | $67,000 | $402,000 |
| Not Provided | 29 | $1,967,000 | $67,000 | $260,000 | $54,000 | $152,000 |
| Not applicable | 20 | $6,955,000 | $347,000 | $1,600,000 | $9,000 | $188,000 |
| Black or African American | 7 | $297,000 | $42,000 | $72,000 | $86,000 | $171,000 |
| Hispanic | 1 | $75,000 | $75,000 | $75,000 | $68,000 | $68,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $10,000 | $10,000 | $10,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 895 | $71,327,000 | $79,000 | $1,600,000 | $66,000 | $402,000 |
| FHA-insured (Federal Housing Administration) | 4 | $290,000 | $72,000 | $87,000 | $49,000 | $62,000 |
| 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 | 650 | $50,196,000 | $77,000 | $1,600,000 | $69,000 | $402,000 |
| Application Denied By Financial Institution | 164 | $11,536,000 | $70,000 | $1,000,000 | $48,000 | $188,000 |
| Application Withdrawn By Applicant | 54 | $6,993,000 | $129,000 | $1,192,000 | $65,000 | $152,000 |
| Application Approved But Not Accepted | 29 | $2,673,000 | $92,000 | $260,000 | $82,000 | $168,000 |
| File Closed For Incompleteness | 2 | $219,000 | $109,000 | $140,000 | $60,000 | $80,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 58 | $4,406,000 | $75,000 | $1,000,000 | $38,000 | $125,000 |
| Credit History | 46 | $2,676,000 | $58,000 | $480,000 | $49,000 | $188,000 |
| Collateral | 39 | $2,024,000 | $51,000 | $350,000 | $62,000 | $159,000 |
| Credit Application Incomplete | 12 | $623,000 | $51,000 | $156,000 | $51,000 | $140,000 |
| Other | 5 | $1,389,000 | $277,000 | $760,000 | $21,000 | $78,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Irwin Bank & Trust Company's 2007 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 Bank & Trust Company'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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