Lafayette Bank & Trust NA Mortgage Lending & HMDA Data, 2007
In 2007, Lafayette Bank & Trust NA of Lafayette, IN reported 552 mortgage applications totaling $63.5 million, down 9% from 2006. The average application was for $115,045, and applicants reported an average income of $66,115. 83% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Lafayette, IN (307), Gary, IN (86) and Indianapolis-Carmel, IN (15) (applications in parentheses).
| Mortgage Company & Address | Lafayette Bank & Trust NA 250 Main St Lafayette, IN 47901 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 552 |
| Total Mortgage Loan Application Amount | $63,505,000 |
| Average Mortgage Loan Application Amount | $115,045 |
| Highest Mortgage Loan Application Amount | $3,190,000 |
| Average Applicant Income | $66,115 |
| Highest Applicant Income | $597,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lafayette Bank & Trust NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Tippecanoe, Indiana | 269 | $ 33,250,000 | $ 123,605 | $ 65,000 |
| White, Indiana | 83 | $ 7,711,000 | $ 92,903 | $ 65,000 |
| Jasper, Indiana | 71 | $ 7,347,000 | $ 103,478 | $ 63,000 |
| Carroll, Indiana | 32 | $ 2,711,000 | $ 84,718 | $ 56,000 |
| Pulaski, Indiana | 13 | $ 962,000 | $ 74,000 | $ 44,000 |
| Marion, Indiana | 10 | $ 1,049,000 | $ 104,900 | $ 40,000 |
| Clinton, Indiana | 9 | $ 874,000 | $ 97,111 | $ 59,000 |
| Newton, Indiana | 9 | $ 574,000 | $ 63,777 | $ 48,000 |
| Benton, Indiana | 6 | $ 414,000 | $ 69,000 | $ 39,000 |
| Cass, Indiana | 6 | $ 747,000 | $ 124,500 | $ 162,000 |
| Porter, Indiana | 6 | $ 921,000 | $ 153,500 | $ 100,000 |
| Boone, Indiana | 2 | $ 512,000 | $ 256,000 | $ 157,000 |
| Elkhart, Indiana | 2 | $ 370,000 | $ 185,000 | $ 56,000 |
| Fountain, Indiana | 2 | $ 328,000 | $ 164,000 | $ 58,000 |
| LaPorte, Indiana | 2 | $ 252,000 | $ 126,000 | $ 62,000 |
| Montgomery, Indiana | 2 | $ 135,000 | $ 67,500 | $ 45,000 |
| Starke, Indiana | 2 | $ 321,000 | $ 160,500 | $ 93,000 |
| Pickens, South Carolina | 2 | $ 320,000 | $ 160,000 | $ 152,000 |
| Pima, Arizona | 1 | $ 86,000 | $ 86,000 | $ 43,000 |
| Yavapai, Arizona | 1 | $ 302,000 | $ 302,000 | $ 104,000 |
| Orange, Florida | 1 | $ 823,000 | $ 823,000 | $ 559,000 |
| Brown, Indiana | 1 | $ 134,000 | $ 134,000 | $ 51,000 |
| Delaware, Indiana | 1 | $ 335,000 | $ 335,000 | $ 116,000 |
| Fulton, Indiana | 1 | $ 92,000 | $ 92,000 | $ 76,000 |
| Hamilton, Indiana | 1 | $ 270,000 | $ 270,000 | $ 53,000 |
| Henry, Indiana | 1 | $ 84,000 | $ 84,000 | $ 120,000 |
| Monroe, Indiana | 1 | $ 144,000 | $ 144,000 | $ 0 |
| Morgan, Indiana | 1 | $ 104,000 | $ 104,000 | $ 71,000 |
| Posey, Indiana | 1 | $ 159,000 | $ 159,000 | $ 76,000 |
| St. Joseph, Indiana | 1 | $ 81,000 | $ 81,000 | $ 39,000 |
| Vigo, Indiana | 1 | $ 78,000 | $ 78,000 | $ 61,000 |
| Warren, Indiana | 1 | $ 104,000 | $ 104,000 | $ 40,000 |
| Polk, Iowa | 1 | $ 78,000 | $ 78,000 | $ 29,000 |
| Cass, Michigan | 1 | $ 450,000 | $ 450,000 | $ 183,000 |
| Johnson, Missouri | 1 | $ 116,000 | $ 116,000 | $ 47,000 |
Mortgage Loan Application Detail Totals for Lafayette Bank & Trust NA 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 Purchase | 276 | $34,855,000 | $126,000 | $3,190,000 | $61,000 | $556,000 |
| Refinancing | 224 | $27,592,000 | $123,000 | $823,000 | $75,000 | $597,000 |
| Home Improvement | 52 | $1,058,000 | $20,000 | $130,000 | $55,000 | $244,000 |
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 | 521 | $57,045,000 | $109,000 | $900,000 | $66,000 | $559,000 |
| Hispanic | 10 | $560,000 | $56,000 | $137,000 | $48,000 | $121,000 |
| Not applicable | 7 | $4,047,000 | $578,000 | $3,190,000 | $85,000 | $597,000 |
| Not Provided | 7 | $1,292,000 | $184,000 | $542,000 | $132,000 | $525,000 |
| Asian | 3 | $244,000 | $81,000 | $122,000 | $36,000 | $52,000 |
| Black or African American | 2 | $169,000 | $84,000 | $106,000 | $30,000 | $34,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $133,000 | $133,000 | $133,000 | $29,000 | $29,000 |
| American Indian or Alaskan Native | 1 | $15,000 | $15,000 | $15,000 | $16,000 | $16,000 |
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) | 507 | $58,663,000 | $115,000 | $3,190,000 | $67,000 | $597,000 |
| FHA-insured (Federal Housing Administration) | 40 | $4,378,000 | $109,000 | $203,000 | $53,000 | $159,000 |
| VA-guaranteed (Veterans Administration) | 5 | $464,000 | $92,000 | $120,000 | $41,000 | $50,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 458 | $51,752,000 | $112,000 | $3,190,000 | $67,000 | $597,000 |
| Application Withdrawn By Applicant | 48 | $6,456,000 | $134,000 | $392,000 | $72,000 | $250,000 |
| Application Denied By Financial Institution | 44 | $5,170,000 | $117,000 | $411,000 | $49,000 | $180,000 |
| Application Approved But Not Accepted | 1 | $50,000 | $50,000 | $50,000 | $40,000 | $40,000 |
| Preapproval Denied by Financial Institution | 1 | $77,000 | $77,000 | $77,000 | $25,000 | $25,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 19 | $2,355,000 | $123,000 | $260,000 | $64,000 | $180,000 |
| Credit History | 13 | $1,353,000 | $104,000 | $160,000 | $41,000 | $70,000 |
| Debt-To-Income Ratio | 7 | $648,000 | $92,000 | $140,000 | $38,000 | $95,000 |
| Other | 3 | $606,000 | $202,000 | $411,000 | $18,000 | $29,000 |
| Unverifiable Information | 1 | $170,000 | $170,000 | $170,000 | $49,000 | $49,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $45,000 | $45,000 | $45,000 | $17,000 | $17,000 |
| Credit Application Incomplete | 1 | $70,000 | $70,000 | $70,000 | $36,000 | $36,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lafayette Bank & Trust NA'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 Lafayette Bank & Trust NA'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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