Lafayette Bank & Trust NA Mortgage Lending & HMDA Data, 2005
In 2005, Lafayette Bank & Trust NA of Lafayette, IN reported 672 mortgage applications totaling $78.7 million, down 25% from 2004. The average application was for $117,102, and applicants reported an average income of $53,909. 88% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Lafayette, IN (399), Gary, IN (112) and Indianapolis, IN (10) (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 | 672 |
| Total Mortgage Loan Application Amount | $78,693,000 |
| Average Mortgage Loan Application Amount | $117,102 |
| Highest Mortgage Loan Application Amount | $1,920,000 |
| Average Applicant Income | $53,909 |
| Highest Applicant Income | $599,000 |
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records Lafayette Bank & Trust NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lafayette, IN | 399 | $ 54,779,000 | $ 137,290 | $ 54,000 |
| Gary, IN | 112 | $ 9,258,000 | $ 82,660 | $ 55,000 |
| Indianapolis, IN | 10 | $ 1,121,000 | $ 112,100 | $ 56,000 |
| Kokomo, IN | 3 | $ 243,000 | $ 81,000 | $ 39,000 |
| Albuquerque, NM | 1 | $ 180,000 | $ 180,000 | $ 77,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 264,000 | $ 264,000 | $ 120,000 |
| Lynchburg, VA | 1 | $ 137,000 | $ 137,000 | $ 50,000 |
| Peoria, IL | 1 | $ 32,000 | $ 32,000 | $ 10,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 220,000 | $ 220,000 | $ 131,000 |
Mortgage Loan Application Detail Totals for Lafayette Bank & Trust NA in 2005
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 | 344 | $37,545,000 | $164,166 | $344,000 | $81,500 | $599,000 |
| Refinancing | 250 | $39,073,000 | $109,333 | $1,920,000 | $39,000 | $459,000 |
| Home Improvement | 78 | $2,075,000 | $87,666 | $268,000 | $69,000 | $120,000 |
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 | 620 | $69,610,000 | $141,857 | $1,920,000 | $68,000 | $599,000 |
| Not applicable | 27 | $6,178,000 | $228,000 | $1,264,000 | $4,000 | $50,000 |
| Hispanic | 11 | $974,000 | $88,000 | $143,000 | $36,000 | $74,000 |
| Asian | 7 | $1,200,000 | $171,000 | $341,000 | $93,000 | $300,000 |
| Black or African American | 4 | $544,000 | $136,000 | $200,000 | $43,000 | $59,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $149,000 | $149,000 | $149,000 | $62,000 | $62,000 |
| Not Provided | 1 | $35,000 | $35,000 | $35,000 | $77,000 | $77,000 |
| American Indian or Alaskan Native | 1 | $3,000 | $3,000 | $3,000 | $53,000 | $53,000 |
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) | 536 | $64,180,000 | $136,285 | $1,920,000 | $73,428 | $599,000 |
| FHA-insured (Federal Housing Administration) | 101 | $10,022,000 | $68,000 | $158,000 | $31,000 | $148,000 |
| VA-guaranteed (Veterans Administration) | 35 | $4,491,000 | $136,000 | $243,000 | $43,000 | $569,000 |
| 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 | 592 | $69,265,000 | $118,600 | $1,920,000 | $72,600 | $599,000 |
| Application Withdrawn By Applicant | 46 | $5,553,000 | $170,000 | $284,000 | $70,500 | $179,000 |
| Application Denied By Financial Institution | 20 | $2,019,000 | $70,500 | $193,000 | $32,000 | $85,000 |
| File Closed For Incompleteness | 8 | $982,000 | $122,000 | $196,000 | $90,000 | $156,000 |
| Application Approved But Not Accepted | 6 | $874,000 | $159,000 | $182,000 | $67,500 | $98,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 8 | $756,000 | $69,500 | $150,000 | $36,500 | $85,000 |
| Collateral | 7 | $689,000 | $98,000 | $193,000 | $42,000 | $75,000 |
| Debt-To-Income Ratio | 3 | $399,000 | $133,000 | $158,000 | $34,000 | $65,000 |
| Other | 2 | $175,000 | $87,000 | $117,000 | $41,000 | $47,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Lafayette Bank & Trust NA's 2005 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.
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with aggregated HMDA statistics today.
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