Loan Cabin Inc Mortgage Lending & HMDA Data, 2018
In 2018, Loan Cabin Inc of Lombard, IL reported 144 mortgage applications totaling $34.8 million. The average application was for $241,527, and applicants reported an average income of $102,069. 48% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (75), Atlanta-Sandy Springs-Roswell, GA (7) and Elgin, IL (7) (applications in parentheses).
| Mortgage Company & Address | Loan Cabin Inc 1910 S. Highland Avenue, Suite 300 Lombard, IL 60148 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 |
| Total Number of Mortgage Applications | 144 |
| Total Mortgage Loan Application Amount | $34,780,000 |
| Average Mortgage Loan Application Amount | $241,527 |
| Highest Mortgage Loan Application Amount | $695,000 |
| Average Applicant Income | $102,069 |
| Highest Applicant Income | $863,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Loan Cabin Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chicago-Naperville-Arlington Heights, IL | 75 | $ 17,005,000 | $ 226,733 | $ 100,000 |
| Atlanta-Sandy Springs-Roswell, GA | 7 | $ 1,245,000 | $ 177,857 | $ 61,000 |
| Elgin, IL | 7 | $ 1,385,000 | $ 197,857 | $ 98,000 |
| Gary, IN | 5 | $ 1,165,000 | $ 233,000 | $ 216,000 |
| Lake County-Kenosha County, IL-WI | 5 | $ 905,000 | $ 181,000 | $ 82,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 800,000 | $ 200,000 | $ 83,000 |
| Houston-The Woodlands-Sugar Land, TX | 4 | $ 660,000 | $ 165,000 | $ 102,000 |
| Outside any metro area | 3 | $ 435,000 | $ 145,000 | $ 58,666 |
| New York-Jersey City-White Plains, NY-NJ | 3 | $ 805,000 | $ 268,333 | $ 95,000 |
| Newark, NJ-PA | 3 | $ 915,000 | $ 305,000 | $ 73,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 750,000 | $ 375,000 | $ 150,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 910,000 | $ 455,000 | $ 81,000 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 240,000 | $ 120,000 | $ 52,000 |
| Lakeland-Winter Haven, FL | 2 | $ 250,000 | $ 125,000 | $ 66,000 |
| Modesto, CA | 2 | $ 720,000 | $ 360,000 | $ 130,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 820,000 | $ 410,000 | $ 179,000 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 1,370,000 | $ 685,000 | $ 229,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 540,000 | $ 270,000 | $ 96,000 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 435,000 | $ 435,000 | $ 360,000 |
| Athens-Clarke County, GA | 1 | $ 465,000 | $ 465,000 | $ 60,000 |
| Camden, NJ | 1 | $ 135,000 | $ 135,000 | $ 45,000 |
| Chattanooga, TN-GA | 1 | $ 105,000 | $ 105,000 | $ 32,000 |
| Lancaster, PA | 1 | $ 255,000 | $ 255,000 | $ 118,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 425,000 | $ 425,000 | $ 79,000 |
| Ocala, FL | 1 | $ 515,000 | $ 515,000 | $ 120,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 1 | $ 165,000 | $ 165,000 | $ 51,000 |
| San Antonio-New Braunfels, TX | 1 | $ 195,000 | $ 195,000 | $ 65,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 635,000 | $ 635,000 | $ 112,000 |
| Vallejo-Fairfield, CA | 1 | $ 355,000 | $ 355,000 | $ 105,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 175,000 | $ 175,000 | $ 75,000 |
Mortgage Loan Application Detail Totals for Loan Cabin Inc in 2018
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 | 116 | $28,680,000 | $247,000 | $695,000 | $99,000 | $863,000 |
| Refinancing | 23 | $4,545,000 | $197,000 | $355,000 | $113,000 | $260,000 |
| Cash-out Refinancing | 5 | $1,555,000 | $311,000 | $675,000 | $123,000 | $308,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 91 | $23,845,000 | $262,000 | $675,000 | $110,000 | $863,000 |
| Black or African American | 26 | $5,100,000 | $196,000 | $435,000 | $86,000 | $193,000 |
| Hispanic | 19 | $3,405,000 | $179,000 | $295,000 | $77,000 | $149,000 |
| Asian | 6 | $1,760,000 | $293,000 | $695,000 | $131,000 | $350,000 |
| American Indian or Alaskan Native | 1 | $325,000 | $325,000 | $325,000 | $58,000 | $58,000 |
| Not Provided | 1 | $345,000 | $345,000 | $345,000 | $143,000 | $143,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 105 | $25,155,000 | $239,000 | $675,000 | $107,000 | $863,000 |
| FHA-insured (Federal Housing Administration) | 33 | $7,755,000 | $235,000 | $695,000 | $88,000 | $193,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,645,000 | $329,000 | $465,000 | $89,000 | $130,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $225,000 | $225,000 | $225,000 | $14,000 | $14,000 |
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 | 69 | $16,785,000 | $243,000 | $675,000 | $111,000 | $863,000 |
| Application Withdrawn By Applicant | 47 | $12,255,000 | $260,000 | $695,000 | $99,000 | $260,000 |
| Application Denied By Financial Institution | 18 | $3,430,000 | $190,000 | $345,000 | $72,000 | $122,000 |
| Application Approved But Not Accepted | 5 | $1,355,000 | $271,000 | $355,000 | $113,000 | $208,000 |
| File Closed For Incompleteness | 5 | $955,000 | $191,000 | $335,000 | $102,000 | $230,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 126 | $31,350,000 | $248,000 | $695,000 | $106,000 | $863,000 |
| Credit History | 6 | $1,120,000 | $186,000 | $345,000 | $77,000 | $111,000 |
| Debt-To-Income Ratio | 4 | $790,000 | $197,000 | $265,000 | $59,000 | $78,000 |
| Collateral | 2 | $300,000 | $150,000 | $185,000 | $50,000 | $68,000 |
| Credit Application Incomplete | 2 | $340,000 | $170,000 | $215,000 | $70,000 | $75,000 |
| Unverifiable Information | 2 | $520,000 | $260,000 | $265,000 | $108,000 | $122,000 |
| Other | 1 | $135,000 | $135,000 | $135,000 | $89,000 | $89,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $225,000 | $225,000 | $225,000 | $48,000 | $48,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Loan Cabin Inc's 2018 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 Loan Cabin Inc'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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