Irwin Union Bank Mortgage Lending & HMDA Data, 2008
In 2008, Irwin Union Bank of Columbus, IN reported 820 mortgage applications totaling $132.4 million, down 14% from 2007. The average application was for $161,503, and applicants reported an average income of $132,467. 75% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Columbus, IN (380), Indianapolis-Carmel, IN (186) and Bloomington, IN (26) (applications in parentheses).
| Mortgage Company & Address | Irwin Union Bank 500 Washington St Columbus, IN 47201 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 820 |
| Total Mortgage Loan Application Amount | $132,433,000 |
| Average Mortgage Loan Application Amount | $161,503 |
| Highest Mortgage Loan Application Amount | $2,745,000 |
| Average Applicant Income | $132,467 |
| Highest Applicant Income | $8,700,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Irwin Union Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Columbus, IN | 380 | $ 56,743,000 | $ 149,323 | $ 114,000 |
| Indianapolis-Carmel, IN | 186 | $ 30,436,000 | $ 163,634 | $ 89,000 |
| Bloomington, IN | 26 | $ 5,741,000 | $ 220,807 | $ 124,000 |
| Grand Rapids-Wyoming, MI | 15 | $ 2,165,000 | $ 144,333 | $ 185,000 |
| Las Vegas-Paradise, NV | 10 | $ 2,612,000 | $ 261,200 | $ 1,256,000 |
| Holland-Grand Haven, MI | 8 | $ 1,860,000 | $ 232,500 | $ 169,000 |
| Carson City, NV | 6 | $ 1,233,000 | $ 205,500 | $ 53,000 |
| Kalamazoo-Portage, MI | 6 | $ 814,000 | $ 135,666 | $ 124,000 |
| Lansing-East Lansing, MI | 4 | $ 569,000 | $ 142,250 | $ 36,000 |
| Baltimore-Towson, MD | 3 | $ 647,000 | $ 215,666 | $ 90,000 |
| Edison-New Brunswick, NJ | 3 | $ 651,000 | $ 217,000 | $ 83,000 |
| Salt Lake City, UT | 3 | $ 792,000 | $ 264,000 | $ 60,000 |
| Naples-Marco Island, FL | 2 | $ 610,000 | $ 305,000 | $ 113,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 1,769,000 | $ 884,500 | $ 215,000 |
| Anderson, IN | 1 | $ 18,000 | $ 18,000 | $ 51,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 182,000 | $ 182,000 | $ 52,000 |
| Camden, NJ | 1 | $ 150,000 | $ 150,000 | $ 56,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 197,000 | $ 197,000 | $ 160,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 200,000 | $ 200,000 | $ 1,243,000 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 210,000 | $ 210,000 | $ 84,000 |
| Flint, MI | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Greeley, CO | 1 | $ 148,000 | $ 148,000 | $ 39,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 187,000 | $ 187,000 | $ 55,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 417,000 | $ 417,000 | $ 235,000 |
| Louisville-Jefferson County, KY-IN | 1 | $ 352,000 | $ 352,000 | $ 140,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 1,275,000 | $ 1,275,000 | $ 0 |
| Muncie, IN | 1 | $ 88,000 | $ 88,000 | $ 482,000 |
| Nassau-Suffolk, NY | 1 | $ 272,000 | $ 272,000 | $ 58,000 |
| Norwich-New London, CT | 1 | $ 180,000 | $ 180,000 | $ 48,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 216,000 | $ 216,000 | $ 56,000 |
| Orlando-Kissimmee, FL | 1 | $ 244,000 | $ 244,000 | $ 0 |
| Palm Coast, FL | 1 | $ 240,000 | $ 240,000 | $ 328,000 |
| Reno-Sparks, NV | 1 | $ 417,000 | $ 417,000 | $ 312,000 |
| Richmond, VA | 1 | $ 248,000 | $ 248,000 | $ 120,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 196,000 | $ 196,000 | $ 58,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 900,000 | $ 900,000 | $ 8,700,000 |
| Salem, OR | 1 | $ 79,000 | $ 79,000 | $ 65,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 356,000 | $ 356,000 | $ 106,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 410,000 | $ 410,000 | $ 146,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 225,000 | $ 225,000 | $ 296,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 149,000 | $ 149,000 | $ 75,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 417,000 | $ 417,000 | $ 265,000 |
Mortgage Loan Application Detail Totals for Irwin Union Bank 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 | 465 | $78,132,000 | $168,000 | $1,300,000 | $126,000 | $5,082,000 |
| Home Purchase | 291 | $50,177,000 | $172,000 | $2,745,000 | $155,000 | $8,700,000 |
| Home Improvement | 64 | $4,124,000 | $64,000 | $803,000 | $77,000 | $296,000 |
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 | 698 | $101,741,000 | $145,000 | $1,400,000 | $119,000 | $6,260,000 |
| Not Provided | 55 | $12,545,000 | $228,000 | $1,470,000 | $236,000 | $5,082,000 |
| Not applicable | 31 | $10,655,000 | $343,000 | $2,745,000 | $4,000 | $136,000 |
| Asian | 17 | $3,004,000 | $176,000 | $361,000 | $83,000 | $175,000 |
| Hispanic | 14 | $3,267,000 | $233,000 | $1,300,000 | $173,000 | $1,203,000 |
| Black or African American | 4 | $1,134,000 | $283,000 | $900,000 | $2,203,000 | $8,700,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $87,000 | $87,000 | $87,000 | $72,000 | $72,000 |
| American Indian or Alaskan Native | 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) | 820 | $132,433,000 | $161,000 | $2,745,000 | $132,000 | $8,700,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 616 | $101,232,000 | $164,000 | $2,745,000 | $122,000 | $5,269,000 |
| Application Approved But Not Accepted | 94 | $13,425,000 | $142,000 | $417,000 | $117,000 | $1,176,000 |
| Application Denied By Financial Institution | 63 | $10,531,000 | $167,000 | $1,056,000 | $178,000 | $6,260,000 |
| Preapproval Denied by Financial Institution | 28 | $2,894,000 | $103,000 | $417,000 | $46,000 | $149,000 |
| Application Withdrawn By Applicant | 17 | $3,207,000 | $188,000 | $1,470,000 | $86,000 | $289,000 |
| File Closed For Incompleteness | 1 | $244,000 | $244,000 | $244,000 | $0 | $0 |
| Loan Purchased By The Institution | 1 | $900,000 | $900,000 | $900,000 | $8,700,000 | $8,700,000 |
| Preapproval Approved but not Accepted | 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 | 61 | $7,903,000 | $129,000 | $575,000 | $65,000 | $525,000 |
| Collateral | 13 | $3,474,000 | $267,000 | $1,056,000 | $575,000 | $6,260,000 |
| Debt-To-Income Ratio | 9 | $1,000,000 | $111,000 | $338,000 | $60,000 | $90,000 |
| Mortgage Insurance Denied | 4 | $343,000 | $85,000 | $130,000 | $43,000 | $57,000 |
| Other | 3 | $605,000 | $201,000 | $417,000 | $85,000 | $168,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $100,000 | $100,000 | $100,000 | $48,000 | $48,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Irwin Union Bank'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 Union 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.
For a list of all lenders in Indiana, download the full spreadsheet
with aggregated HMDA statistics today.
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