Mercantile Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2004
Mercantile Bank 2004 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Mercantile Bank 1560 N. Orange Avenue Winter Park, FL 32789 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,392 |
| Total Mortgage Loan Application Amount | $403,645,000 |
| Average Mortgage Loan Application Amount | $207,930 |
| Highest Mortgage Loan Application Amount | $2,475,000 |
| Average Applicant Income | $131,302 |
| Highest Applicant Income | $7,200,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2004 with Mercantile Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Mercantile Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2004 breaks down Mercantile Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Mercantile Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Mercantile Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Mercantile Bank's mortgage activity for 2004.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Duval County Florida | 238 | $ 40,117,000 | $ 168,000 | $ 93,000 |
| Hillsborough County Florida | 144 | $ 23,215,000 | $ 161,000 | $ 74,000 |
| Pinellas County Florida | 144 | $ 25,808,000 | $ 179,000 | $ 93,000 |
| Orange County Florida | 115 | $ 21,942,000 | $ 190,000 | $ 71,000 |
| Putnam County Florida | 86 | $ 6,002,000 | $ 69,000 | $ 59,000 |
| Citrus County Florida | 85 | $ 8,930,000 | $ 105,000 | $ 58,000 |
| Clay County Florida | 81 | $ 12,333,000 | $ 152,000 | $ 57,000 |
| Cook County Illinois | 78 | $ 15,279,000 | $ 195,000 | $ 90,000 |
| Suffolk County New York | 61 | $ 14,219,000 | $ 233,000 | $ 76,000 |
| Pasco County Florida | 56 | $ 6,356,000 | $ 113,000 | $ 54,000 |
| Queens County New York | 52 | $ 14,923,000 | $ 286,000 | $ 113,000 |
| Baker County Florida | 45 | $ 4,547,000 | $ 101,000 | $ 72,000 |
| Marion County Florida | 43 | $ 5,836,000 | $ 135,000 | $ 149,000 |
| St. Johns County Florida | 40 | $ 12,915,000 | $ 322,000 | $ 409,000 |
| Baltimore County Maryland | 39 | $ 6,149,000 | $ 157,000 | $ 83,000 |
| Alachua County Florida | 37 | $ 7,229,000 | $ 195,000 | $ 149,000 |
| Seminole County Florida | 37 | $ 5,479,000 | $ 148,000 | $ 71,000 |
| Nassau County New York | 33 | $ 8,034,000 | $ 243,000 | $ 75,000 |
| Columbia County Florida | 30 | $ 2,769,000 | $ 92,000 | $ 50,000 |
| Suwannee County Florida | 28 | $ 2,010,000 | $ 71,000 | $ 50,000 |
| Kings County New York | 28 | $ 7,896,000 | $ 282,000 | $ 127,000 |
| Broward County Florida | 26 | $ 3,951,000 | $ 151,000 | $ 71,000 |
| Osceola County Florida | 26 | $ 3,424,000 | $ 131,000 | $ 92,000 |
| Palm Beach County Florida | 26 | $ 4,960,000 | $ 190,000 | $ 62,000 |
| Sarasota County Florida | 26 | $ 5,588,000 | $ 214,000 | $ 227,000 |
| Orange County New York | 25 | $ 3,833,000 | $ 153,000 | $ 52,000 |
| Richmond County New York | 25 | $ 5,600,000 | $ 224,000 | $ 82,000 |
| Rockland County New York | 25 | $ 5,854,000 | $ 234,000 | $ 91,000 |
| Harris County Texas | 24 | $ 2,974,000 | $ 123,000 | $ 73,000 |
| Manatee County Florida | 23 | $ 4,628,000 | $ 201,000 | $ 106,000 |
| Berks County Pennsylvania | 22 | $ 3,026,000 | $ 137,000 | $ 67,000 |
| Fort Bend County Texas | 21 | $ 2,543,000 | $ 121,000 | $ 99,000 |
| Collier County Florida | 19 | $ 4,010,000 | $ 211,000 | $ 107,000 |
| Brazos County Texas | 19 | $ 2,016,000 | $ 106,000 | $ 104,000 |
| Lee County Florida | 18 | $ 2,731,000 | $ 151,000 | $ 107,000 |
| Miami-Dade County Florida | 18 | $ 3,095,000 | $ 171,000 | $ 148,000 |
| Volusia County Florida | 18 | $ 2,532,000 | $ 140,000 | $ 66,000 |
| Lancaster County Pennsylvania | 15 | $ 1,821,000 | $ 121,000 | $ 62,000 |
| Charlotte County Florida | 14 | $ 3,292,000 | $ 235,000 | $ 108,000 |
| Leon County Florida | 14 | $ 1,677,000 | $ 119,000 | $ 69,000 |
| Baltimore City County Maryland | 14 | $ 1,318,000 | $ 94,000 | $ 47,000 |
| Nassau County Florida | 13 | $ 2,339,000 | $ 179,000 | $ 52,000 |
| Mercer County New Jersey | 13 | $ 1,067,000 | $ 82,000 | $ 106,000 |
| Ocean County New Jersey | 13 | $ 2,636,000 | $ 202,000 | $ 93,000 |
| Bronx County New York | 13 | $ 3,550,000 | $ 273,000 | $ 68,000 |
| Polk County Florida | 12 | $ 1,700,000 | $ 141,000 | $ 94,000 |
| Union County Florida | 11 | $ 587,000 | $ 53,000 | $ 46,000 |
| Will County Illinois | 11 | $ 1,951,000 | $ 177,000 | $ 66,000 |
| Carroll County Maryland | 11 | $ 2,066,000 | $ 187,000 | $ 79,000 |
| Philadelphia County Pennsylvania | 11 | $ 1,004,000 | $ 91,000 | $ 53,000 |
| Lake County Florida | 10 | $ 826,000 | $ 82,000 | $ 81,000 |
| DuPage County Illinois | 10 | $ 2,751,000 | $ 275,000 | $ 91,000 |
| Travis County Texas | 10 | $ 1,869,000 | $ 186,000 | $ 163,000 |
| Brevard County Florida | 9 | $ 1,137,000 | $ 126,000 | $ 56,000 |
| Bradford County Florida | 8 | $ 473,000 | $ 59,000 | $ 18,000 |
| Martin County Florida | 8 | $ 1,640,000 | $ 205,000 | $ 194,000 |
| Prince George's County Maryland | 8 | $ 1,484,000 | $ 185,000 | $ 60,000 |
| Cecil County Maryland | 7 | $ 1,743,000 | $ 249,000 | $ 100,000 |
| Hudson County New Jersey | 7 | $ 2,422,000 | $ 346,000 | $ 138,000 |
| New Haven County Connecticut | 6 | $ 566,000 | $ 94,000 | $ 242,000 |
| Monroe County Florida | 6 | $ 2,988,000 | $ 498,000 | $ 551,000 |
| Westchester County New York | 6 | $ 1,219,000 | $ 203,000 | $ 102,000 |
| Shelby County Tennessee | 6 | $ 302,000 | $ 50,000 | $ 66,000 |
| Flagler County Florida | 5 | $ 1,013,000 | $ 202,000 | $ 85,000 |
| Hernando County Florida | 5 | $ 849,000 | $ 169,000 | $ 104,000 |
| Cobb County Georgia | 5 | $ 1,185,000 | $ 237,000 | $ 122,000 |
| Montgomery County Maryland | 5 | $ 1,638,000 | $ 327,000 | $ 186,000 |
| Allegheny County Pennsylvania | 5 | $ 377,000 | $ 75,000 | $ 90,000 |
| Hidalgo County Texas | 5 | $ 786,000 | $ 157,000 | $ 116,000 |
| St. Lucie County Florida | 4 | $ 1,018,000 | $ 254,000 | $ 30,000 |
| DeKalb County Georgia | 4 | $ 1,082,000 | $ 270,000 | $ 102,000 |
| Kane County Illinois | 4 | $ 469,000 | $ 117,000 | $ 68,000 |
| Lake County Illinois | 4 | $ 1,113,000 | $ 278,000 | $ 163,000 |
| Anne Arundel County Maryland | 4 | $ 733,000 | $ 183,000 | $ 69,000 |
| Harford County Maryland | 4 | $ 637,000 | $ 159,000 | $ 24,000 |
| Essex County New Jersey | 4 | $ 748,000 | $ 187,000 | $ 47,000 |
| Chester County Pennsylvania | 4 | $ 1,013,000 | $ 253,000 | $ 86,000 |
| Delaware County Pennsylvania | 4 | $ 597,000 | $ 149,000 | $ 94,000 |
| Montgomery County Pennsylvania | 4 | $ 1,045,000 | $ 261,000 | $ 110,000 |
| Westmoreland County Pennsylvania | 4 | $ 233,000 | $ 58,000 | $ 48,000 |
| Richland County South Carolina | 4 | $ 709,000 | $ 177,000 | $ 147,000 |
| San Patricio County Texas | 4 | $ 540,000 | $ 135,000 | $ 127,000 |
| Young County Texas | 4 | $ 522,000 | $ 130,000 | $ 120,000 |
| Levy County Florida | 3 | $ 295,000 | $ 98,000 | $ 31,000 |
| Wakulla County Florida | 3 | $ 252,000 | $ 84,000 | $ 66,000 |
| Fulton County Georgia | 3 | $ 644,000 | $ 214,000 | $ 152,000 |
| Walton County Georgia | 3 | $ 724,000 | $ 241,000 | $ 165,000 |
| Lake County Indiana | 3 | $ 361,000 | $ 120,000 | $ 50,000 |
| Lehigh County Pennsylvania | 3 | $ 294,000 | $ 98,000 | $ 78,000 |
| Pike County Pennsylvania | 3 | $ 511,000 | $ 170,000 | $ 125,000 |
| Horry County South Carolina | 3 | $ 363,000 | $ 121,000 | $ 124,000 |
| Bexar County Texas | 3 | $ 314,000 | $ 104,000 | $ 66,000 |
| McLennan County Texas | 3 | $ 298,000 | $ 99,000 | $ 65,000 |
| Montgomery County Texas | 3 | $ 622,000 | $ 207,000 | $ 126,000 |
| Virginia Beach County Virginia | 3 | $ 540,000 | $ 180,000 | $ 58,000 |
| District of Columbia County District Of Columbia | 2 | $ 767,000 | $ 383,000 | $ 33,000 |
| Gilchrist County Florida | 2 | $ 91,000 | $ 45,000 | $ 52,000 |
| Hamilton County Florida | 2 | $ 102,000 | $ 51,000 | $ 73,000 |
| Highlands County Florida | 2 | $ 116,000 | $ 58,000 | $ 23,000 |
| Clarke County Georgia | 2 | $ 287,000 | $ 143,000 | $ 54,000 |
| Madison County Georgia | 2 | $ 180,000 | $ 90,000 | $ 25,000 |
| Wayne County Georgia | 2 | $ 200,000 | $ 100,000 | $ 66,000 |
| McHenry County Illinois | 2 | $ 289,000 | $ 144,000 | $ 86,000 |
| Howard County Maryland | 2 | $ 553,000 | $ 276,000 | $ 83,000 |
| Bergen County New Jersey | 2 | $ 383,000 | $ 191,000 | $ 84,000 |
| Middlesex County New Jersey | 2 | $ 534,000 | $ 267,000 | $ 87,000 |
| Monmouth County New Jersey | 2 | $ 233,000 | $ 116,000 | $ 108,000 |
| Morris County New Jersey | 2 | $ 829,000 | $ 414,000 | $ 84,000 |
| Passaic County New Jersey | 2 | $ 303,000 | $ 151,000 | $ 106,000 |
| Sussex County New Jersey | 2 | $ 457,000 | $ 228,000 | $ 60,000 |
| Erie County New York | 2 | $ 253,000 | $ 126,000 | $ 52,000 |
| Saratoga County New York | 2 | $ 337,000 | $ 168,000 | $ 25,000 |
| Sullivan County New York | 2 | $ 222,000 | $ 111,000 | $ 171,000 |
| Ulster County New York | 2 | $ 292,000 | $ 146,000 | $ 44,000 |
| Haywood County North Carolina | 2 | $ 303,000 | $ 151,000 | $ 208,000 |
| Henderson County North Carolina | 2 | $ 919,000 | $ 459,000 | $ 2,451,000 |
| Onslow County North Carolina | 2 | $ 144,000 | $ 72,000 | $ 76,000 |
| Bucks County Pennsylvania | 2 | $ 467,000 | $ 233,000 | $ 82,000 |
| Northampton County Pennsylvania | 2 | $ 511,000 | $ 255,000 | $ 98,000 |
| Schuylkill County Pennsylvania | 2 | $ 354,000 | $ 177,000 | $ 57,000 |
| York County Pennsylvania | 2 | $ 169,000 | $ 84,000 | $ 56,000 |
| Greenville County South Carolina | 2 | $ 400,000 | $ 200,000 | $ 92,000 |
| Aransas County Texas | 2 | $ 408,000 | $ 204,000 | $ 175,000 |
| Comal County Texas | 2 | $ 175,000 | $ 87,000 | $ 71,000 |
| Cooke County Texas | 2 | $ 150,000 | $ 75,000 | $ 114,000 |
| Dallas County Texas | 2 | $ 246,000 | $ 123,000 | $ 110,000 |
| Nueces County Texas | 2 | $ 408,000 | $ 204,000 | $ 107,000 |
| Williamson County Texas | 2 | $ 185,000 | $ 92,000 | $ 38,000 |
| Jefferson County Alabama | 1 | $ 184,000 | $ 184,000 | $ 70,000 |
| El Paso County Colorado | 1 | $ 109,000 | $ 109,000 | $ 0 |
| Hartford County Connecticut | 1 | $ 315,000 | $ 315,000 | $ 134,000 |
| Litchfield County Connecticut | 1 | $ 248,000 | $ 248,000 | $ 139,000 |
| Sussex County Delaware | 1 | $ 628,000 | $ 628,000 | $ 575,000 |
| DeSoto County Florida | 1 | $ 416,000 | $ 416,000 | $ 110,000 |
| Escambia County Florida | 1 | $ 104,000 | $ 104,000 | $ 197,000 |
| Gadsden County Florida | 1 | $ 135,000 | $ 135,000 | $ 42,000 |
| Jackson County Florida | 1 | $ 65,000 | $ 65,000 | $ 52,000 |
| Jefferson County Florida | 1 | $ 68,000 | $ 68,000 | $ 30,000 |
| Liberty County Florida | 1 | $ 116,000 | $ 116,000 | $ 50,000 |
| Sumter County Florida | 1 | $ 225,000 | $ 225,000 | $ 187,000 |
| Walton County Florida | 1 | $ 250,000 | $ 250,000 | $ 81,000 |
| Camden County Georgia | 1 | $ 100,000 | $ 100,000 | $ 40,000 |
| Chatham County Georgia | 1 | $ 140,000 | $ 140,000 | $ 30,000 |
| Clayton County Georgia | 1 | $ 118,000 | $ 118,000 | $ 77,000 |
| Gwinnett County Georgia | 1 | $ 170,000 | $ 170,000 | $ 33,000 |
| Houston County Georgia | 1 | $ 100,000 | $ 100,000 | $ 43,000 |
| Jackson County Georgia | 1 | $ 127,000 | $ 127,000 | $ 53,000 |
| Rabun County Georgia | 1 | $ 156,000 | $ 156,000 | $ 176,000 |
| Edgar County Illinois | 1 | $ 67,000 | $ 67,000 | $ 55,000 |
| Livingston County Illinois | 1 | $ 51,000 | $ 51,000 | $ 60,000 |
| Kosciusko County Indiana | 1 | $ 171,000 | $ 171,000 | $ 85,000 |
| Wayne County Indiana | 1 | $ 119,000 | $ 119,000 | $ 612,000 |
| Barber County Kansas | 1 | $ 79,000 | $ 79,000 | $ 140,000 |
| Kenton County Kentucky | 1 | $ 261,000 | $ 261,000 | $ 120,000 |
| Jefferson County Louisiana | 1 | $ 230,000 | $ 230,000 | $ 69,000 |
| Washington County Maine | 1 | $ 230,000 | $ 230,000 | $ 138,000 |
| Allegany County Maryland | 1 | $ 62,000 | $ 62,000 | $ 54,000 |
| Frederick County Maryland | 1 | $ 206,000 | $ 206,000 | $ 43,000 |
| St. Mary's County Maryland | 1 | $ 111,000 | $ 111,000 | $ 60,000 |
| Worcester County Maryland | 1 | $ 185,000 | $ 185,000 | $ 72,000 |
| Essex County Massachusetts | 1 | $ 222,000 | $ 222,000 | $ 56,000 |
| Hampden County Massachusetts | 1 | $ 137,000 | $ 137,000 | $ 41,000 |
| Plymouth County Massachusetts | 1 | $ 410,000 | $ 410,000 | $ 115,000 |
| Montcalm County Michigan | 1 | $ 124,000 | $ 124,000 | $ 27,000 |
| St. Louis County Minnesota | 1 | $ 174,000 | $ 174,000 | $ 215,000 |
| Douglas County Nebraska | 1 | $ 126,000 | $ 126,000 | $ 0 |
| Burlington County New Jersey | 1 | $ 72,000 | $ 72,000 | $ 42,000 |
| Camden County New Jersey | 1 | $ 54,000 | $ 54,000 | $ 59,000 |
| Somerset County New Jersey | 1 | $ 334,000 | $ 334,000 | $ 0 |
| Union County New Jersey | 1 | $ 138,000 | $ 138,000 | $ 38,000 |
| Torrance County New Mexico | 1 | $ 359,000 | $ 359,000 | $ 162,000 |
| Albany County New York | 1 | $ 247,000 | $ 247,000 | $ 120,000 |
| Chautauqua County New York | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Clinton County New York | 1 | $ 50,000 | $ 50,000 | $ 30,000 |
| Delaware County New York | 1 | $ 171,000 | $ 171,000 | $ 230,000 |
| Monroe County New York | 1 | $ 98,000 | $ 98,000 | $ 90,000 |
| New York County New York | 1 | $ 266,000 | $ 266,000 | $ 92,000 |
| Putnam County New York | 1 | $ 304,000 | $ 304,000 | $ 60,000 |
| Tompkins County New York | 1 | $ 110,000 | $ 110,000 | $ 121,000 |
| Jackson County North Carolina | 1 | $ 334,000 | $ 334,000 | $ 370,000 |
| Montgomery County Ohio | 1 | $ 500,000 | $ 500,000 | $ 222,000 |
| Armstrong County Pennsylvania | 1 | $ 62,000 | $ 62,000 | $ 23,000 |
| Beaver County Pennsylvania | 1 | $ 111,000 | $ 111,000 | $ 35,000 |
| Carbon County Pennsylvania | 1 | $ 32,000 | $ 32,000 | $ 56,000 |
| Dauphin County Pennsylvania | 1 | $ 203,000 | $ 203,000 | $ 93,000 |
| Fayette County Pennsylvania | 1 | $ 34,000 | $ 34,000 | $ 28,000 |
| Lawrence County Pennsylvania | 1 | $ 87,000 | $ 87,000 | $ 18,000 |
| Snyder County Pennsylvania | 1 | $ 68,000 | $ 68,000 | $ 22,000 |
| Washington County Pennsylvania | 1 | $ 134,000 | $ 134,000 | $ 79,000 |
| Wayne County Pennsylvania | 1 | $ 197,000 | $ 197,000 | $ 61,000 |
| Beaufort County South Carolina | 1 | $ 150,000 | $ 150,000 | $ 123,000 |
| Charleston County South Carolina | 1 | $ 300,000 | $ 300,000 | $ 69,000 |
| Sumter County South Carolina | 1 | $ 216,000 | $ 216,000 | $ 76,000 |
| Austin County Texas | 1 | $ 290,000 | $ 290,000 | $ 234,000 |
| Bell County Texas | 1 | $ 210,000 | $ 210,000 | $ 58,000 |
| Brazoria County Texas | 1 | $ 234,000 | $ 234,000 | $ 126,000 |
| Hays County Texas | 1 | $ 108,000 | $ 108,000 | $ 37,000 |
| Johnson County Texas | 1 | $ 36,000 | $ 36,000 | $ 113,000 |
| Tarrant County Texas | 1 | $ 139,000 | $ 139,000 | $ 113,000 |
| Walker County Texas | 1 | $ 46,000 | $ 46,000 | $ 16,000 |
| Chesapeake County Virginia | 1 | $ 220,000 | $ 220,000 | $ 77,000 |
| Clarke County Virginia | 1 | $ 85,000 | $ 85,000 | $ 66,000 |
| Fairfax County Virginia | 1 | $ 205,000 | $ 205,000 | $ 64,000 |
| Milwaukee County Wisconsin | 1 | $ 91,000 | $ 91,000 | $ 47,000 |
| Waukesha County Wisconsin | 1 | $ 388,000 | $ 388,000 | $ 186,000 |
Mortgage Loan Application Detail Totals for Mercantile Bank in 2004
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 | 1,411 | $251,852,000 | $211,300 | $2,475,000 | $139,300 | $7,200,000 |
| Refinancing | 909 | $145,314,000 | $210,272 | $1,006,000 | $126,818 | $4,836,000 |
| Home Improvement | 72 | $6,479,000 | $89,000 | $500,000 | $70,000 | $395,000 |
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 | 1,708 | $284,289,000 | $214,535 | $2,475,000 | $139,142 | $7,200,000 |
| Hispanic | 213 | $39,069,000 | $200,500 | $1,000,000 | $73,000 | $552,000 |
| Not Provided | 182 | $27,200,000 | $163,454 | $800,000 | $100,818 | $395,000 |
| Black or African American | 145 | $22,676,000 | $185,600 | $780,000 | $128,600 | $612,000 |
| Asian | 72 | $17,151,000 | $149,111 | $792,000 | $84,666 | $925,000 |
| Not applicable | 35 | $5,939,000 | $154,500 | $994,000 | $126,000 | $1,563,000 |
| American Indian or Alaskan Native | 25 | $5,478,000 | $178,666 | $431,000 | $125,666 | $230,000 |
| Native Hawaiian or Other Pacific Islander | 12 | $1,843,000 | $149,750 | $308,000 | $95,000 | $162,000 |
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) | 2,254 | $386,445,000 | $215,107 | $2,475,000 | $135,035 | $7,200,000 |
| FHA-insured (Federal Housing Administration) | 88 | $10,319,000 | $166,500 | $292,000 | $61,750 | $229,000 |
| VA-guaranteed (Veterans Administration) | 50 | $6,881,000 | $184,666 | $312,000 | $105,000 | $236,000 |
| 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 | 1,483 | $257,183,000 | $212,260 | $2,475,000 | $127,347 | $7,200,000 |
| Application Denied By Financial Institution | 533 | $75,651,000 | $201,733 | $1,006,000 | $174,066 | $4,836,000 |
| Application Approved But Not Accepted | 164 | $31,741,000 | $188,500 | $855,000 | $82,857 | $360,000 |
| Application Withdrawn By Applicant | 112 | $20,019,000 | $180,875 | $1,152,000 | $85,750 | $1,213,000 |
| File Closed For Incompleteness | 100 | $19,051,000 | $156,222 | $792,000 | $135,000 | $612,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mercantile Bank's 2004 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 Mercantile 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.
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