Lake Forest Bank & Trust Company, N.A. Mortgage Lending & HMDA Data, 2024
In 2024, Lake Forest Bank & Trust Company, N.A. of Lake Forest, IL reported 150 mortgage applications totaling $170.6 million, up 49% from 2023. The average application was for $1,137,333, and applicants reported an average income of $479,513. 70% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Lake County-Kenosha County, IL-WI (30), Chicago-Naperville, IL (19) and Naples-Immokalee-Marco Island, FL (12) (applications in parentheses).
| Mortgage Company & Address | Lake Forest Bank & Trust Company, N.A. 727 North Bank Lane Lake Forest, IL 60045 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 |
| Total Number of Mortgage Applications | 150 |
| Total Mortgage Loan Application Amount | $170,600,000 |
| Average Mortgage Loan Application Amount | $1,137,333 |
| Highest Mortgage Loan Application Amount | $19,885,000 |
| Average Applicant Income | $479,513 |
| Highest Applicant Income | $2,578,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lake Forest Bank & Trust Company, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Lake Forest Bank & Trust Company, N.A. in 2024
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 | 124 | $150,340,000 | $1,212,000 | $19,885,000 | $507,000 | $2,578,000 |
| Refinancing | 16 | $15,670,000 | $979,000 | $1,575,000 | $423,000 | $774,000 |
| Other Purpose | 5 | $2,505,000 | $501,000 | $1,605,000 | $278,000 | $513,000 |
| Cash-out Refinancing | 3 | $1,235,000 | $411,000 | $915,000 | $291,000 | $750,000 |
| Home Improvement | 2 | $850,000 | $425,000 | $645,000 | $14,000 | $14,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 83 | $89,985,000 | $1,084,000 | $4,865,000 | $531,000 | $2,578,000 |
| Not applicable | 24 | $29,290,000 | $1,220,000 | $19,885,000 | $182,000 | $1,019,000 |
| Asian | 23 | $27,105,000 | $1,178,000 | $2,105,000 | $439,000 | $750,000 |
| Not Provided | 16 | $21,480,000 | $1,342,000 | $5,005,000 | $534,000 | $1,474,000 |
| Hispanic | 4 | $2,740,000 | $685,000 | $975,000 | $426,000 | $527,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 150 | $170,600,000 | $1,137,000 | $19,885,000 | $482,000 | $2,578,000 |
| 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 | 105 | $127,035,000 | $1,209,000 | $19,885,000 | $491,000 | $2,154,000 |
| Application Withdrawn By Applicant | 25 | $34,325,000 | $1,373,000 | $5,005,000 | $605,000 | $2,578,000 |
| Loan Purchased By The Institution | 12 | $2,590,000 | $215,000 | $425,000 | $182,000 | $1,019,000 |
| Application Denied By Financial Institution | 5 | $3,845,000 | $769,000 | $1,405,000 | $361,000 | $759,000 |
| Application Approved But Not Accepted | 2 | $1,300,000 | $650,000 | $1,045,000 | $251,000 | $397,000 |
| File Closed For Incompleteness | 1 | $1,505,000 | $1,505,000 | $1,505,000 | $1,296,000 | $1,296,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 145 | $166,755,000 | $1,150,000 | $19,885,000 | $487,000 | $2,578,000 |
| Collateral | 2 | $1,940,000 | $970,000 | $1,405,000 | $604,000 | $759,000 |
| Credit History | 1 | $315,000 | $315,000 | $315,000 | $113,000 | $113,000 |
| Debt-To-Income Ratio | 1 | $525,000 | $525,000 | $525,000 | $171,000 | $171,000 |
| Unverifiable Information | 1 | $1,065,000 | $1,065,000 | $1,065,000 | $314,000 | $314,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lake Forest Bank & Trust Company, N.A.'s 2024 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 Lake Forest Bank & Trust Company, N.A.'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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