Merchants Bank of Indiana Mortgage Lending & HMDA Data, 2020
In 2020, Merchants Bank of Indiana of Carmel, IN reported 5,715 mortgage applications totaling $2.3 billion, up 1181% from 2019. The average application was for $402,093, and applicants reported an average income of $136,581. 85% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (1,057), St. Louis, MO-IL (972) and Chicago-Naperville, IL (394) (applications in parentheses).
| Mortgage Company & Address | Merchants Bank of Indiana 11555 N. Meridian Street Carmel, IN 46032 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 5,715 |
| Total Mortgage Loan Application Amount | $2,297,965,000 |
| Average Mortgage Loan Application Amount | $402,093 |
| Highest Mortgage Loan Application Amount | $61,505,000 |
| Average Applicant Income | $136,581 |
| Highest Applicant Income | $5,015,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Merchants Bank of Indiana filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Indianapolis-Carmel-Anderson, IN | 1,057 | $ 463,835,000 | $ 438,822 | $ 105,000 |
| St. Louis, MO-IL | 972 | $ 276,390,000 | $ 284,351 | $ 143,075 |
| Chicago-Naperville, IL | 394 | $ 108,380,000 | $ 275,076 | $ 143,000 |
| Boston, MA | 335 | $ 124,125,000 | $ 370,522 | $ 142,000 |
| Los Angeles-Long Beach-Glendale, CA | 299 | $ 135,945,000 | $ 454,665 | $ 144,000 |
| Outside any metro area | 268 | $ 101,050,000 | $ 377,052 | $ 141,325 |
| Providence-Warwick, RI-MA | 239 | $ 68,835,000 | $ 288,012 | $ 129,355 |
| Anaheim-Santa Ana-Irvine, CA | 183 | $ 75,185,000 | $ 410,846 | $ 143,000 |
| Riverside-San Bernardino-Ontario, CA | 115 | $ 35,945,000 | $ 312,565 | $ 144,000 |
| Atlanta-Sandy Springs-Roswell, GA | 104 | $ 32,310,000 | $ 310,673 | $ 149,000 |
| Columbus, OH | 83 | $ 23,935,000 | $ 288,373 | $ 172,000 |
| New Orleans-Metairie, LA | 83 | $ 18,335,000 | $ 220,903 | $ 97,000 |
| Canton-Massillon, OH | 74 | $ 13,320,000 | $ 180,000 | $ 91,000 |
| Lake Charles, LA | 68 | $ 17,880,000 | $ 262,941 | $ 140,000 |
| Monroe, LA | 62 | $ 16,230,000 | $ 261,774 | $ 122,000 |
| Seattle-Bellevue-Everett, WA | 54 | $ 22,170,000 | $ 410,555 | $ 174,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 53 | $ 18,625,000 | $ 351,415 | $ 139,000 |
| San Diego-Carlsbad, CA | 52 | $ 20,060,000 | $ 385,769 | $ 154,000 |
| Alexandria, LA | 51 | $ 12,415,000 | $ 243,431 | $ 122,000 |
| Oakland-Hayward-Berkeley, CA | 51 | $ 44,055,000 | $ 863,823 | $ 162,000 |
| Denver-Aurora-Lakewood, CO | 50 | $ 60,370,000 | $ 1,207,400 | $ 156,000 |
| Elgin, IL | 47 | $ 11,055,000 | $ 235,212 | $ 125,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 46 | $ 11,020,000 | $ 239,565 | $ 135,608 |
| Santa Rosa, CA | 39 | $ 15,925,000 | $ 408,333 | $ 145,000 |
| Orlando-Kissimmee-Sanford, FL | 38 | $ 11,870,000 | $ 312,368 | $ 131,000 |
| San Francisco-Redwood City-South San Francisco, CA | 36 | $ 16,030,000 | $ 445,277 | $ 167,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 33 | $ 14,455,000 | $ 438,030 | $ 155,000 |
| Lake County-Kenosha County, IL-WI | 32 | $ 9,440,000 | $ 295,000 | $ 195,281 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 30 | $ 9,980,000 | $ 332,666 | $ 140,333 |
| Madison, WI | 29 | $ 6,585,000 | $ 227,068 | $ 108,000 |
| Akron, OH | 28 | $ 6,030,000 | $ 215,357 | $ 164,000 |
| Bridgeport-Stamford-Norwalk, CT | 28 | $ 10,900,000 | $ 389,285 | $ 222,000 |
| Phoenix-Mesa-Scottsdale, AZ | 28 | $ 8,360,000 | $ 298,571 | $ 101,000 |
| Cambridge-Newton-Framingham, MA | 27 | $ 11,945,000 | $ 442,407 | $ 161,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 25 | $ 10,005,000 | $ 400,200 | $ 139,000 |
| San Rafael, CA | 23 | $ 11,395,000 | $ 495,434 | $ 163,000 |
| Pittsburgh, PA | 22 | $ 6,060,000 | $ 275,454 | $ 127,000 |
| Fort Worth-Arlington, TX | 20 | $ 4,440,000 | $ 222,000 | $ 58,000 |
| Tampa-St. Petersburg-Clearwater, FL | 14 | $ 3,790,000 | $ 270,714 | $ 109,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 13 | $ 3,915,000 | $ 301,153 | $ 123,923 |
| Shreveport-Bossier City, LA | 13 | $ 3,065,000 | $ 235,769 | $ 128,000 |
| Bakersfield, CA | 12 | $ 3,640,000 | $ 303,333 | $ 135,000 |
| Barnstable Town, MA | 12 | $ 2,880,000 | $ 240,000 | $ 166,000 |
| Colorado Springs, CO | 12 | $ 4,240,000 | $ 353,333 | $ 180,000 |
| Fort Wayne, IN | 12 | $ 15,040,000 | $ 1,253,333 | $ 69,000 |
| Baltimore-Columbia-Towson, MD | 11 | $ 3,785,000 | $ 344,090 | $ 140,000 |
| Baton Rouge, LA | 10 | $ 2,480,000 | $ 248,000 | $ 115,000 |
| Boise City, ID | 10 | $ 3,490,000 | $ 349,000 | $ 106,000 |
| Cincinnati, OH-KY-IN | 10 | $ 50,890,000 | $ 5,089,000 | $ 97,200 |
| Cleveland-Elyria, OH | 10 | $ 2,720,000 | $ 272,000 | $ 129,000 |
| Dallas-Plano-Irving, TX | 10 | $ 12,600,000 | $ 1,260,000 | $ 112,000 |
| Dayton-Springfield-Kettering, OH | 10 | $ 1,650,000 | $ 165,000 | $ 127,000 |
| Tacoma-Lakewood, WA | 10 | $ 3,180,000 | $ 318,000 | $ 171,000 |
| Vallejo-Fairfield, CA | 10 | $ 3,390,000 | $ 339,000 | $ 131,000 |
| Boulder, CO | 9 | $ 3,795,000 | $ 421,666 | $ 121,000 |
| Fresno, CA | 9 | $ 2,835,000 | $ 315,000 | $ 129,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 9 | $ 3,435,000 | $ 381,666 | $ 259,000 |
| Warren-Troy-Farmington Hills, MI | 9 | $ 1,865,000 | $ 207,222 | $ 113,000 |
| Lafayette, LA | 8 | $ 1,880,000 | $ 235,000 | $ 122,000 |
| Omaha-Council Bluffs, NE-IA | 8 | $ 6,480,000 | $ 810,000 | $ 233,000 |
| Santa Cruz-Watsonville, CA | 8 | $ 3,410,000 | $ 426,250 | $ 167,000 |
| Gary, IN | 7 | $ 8,135,000 | $ 1,162,142 | $ 81,000 |
| Hammond, LA | 7 | $ 1,485,000 | $ 212,142 | $ 112,000 |
| Napa, CA | 7 | $ 2,865,000 | $ 409,285 | $ 217,000 |
| Bloomington, IN | 6 | $ 1,140,000 | $ 190,000 | $ 238,000 |
| Cape Coral-Fort Myers, FL | 6 | $ 4,330,000 | $ 721,666 | $ 1,323,000 |
| Fort Collins, CO | 6 | $ 1,810,000 | $ 301,666 | $ 133,000 |
| Jacksonville, FL | 6 | $ 12,600,000 | $ 2,100,000 | $ 147,000 |
| Raleigh, NC | 6 | $ 1,480,000 | $ 246,666 | $ 129,000 |
| Worcester, MA-CT | 6 | $ 2,550,000 | $ 425,000 | $ 123,000 |
| Charleston-North Charleston, SC | 5 | $ 2,205,000 | $ 441,000 | $ 314,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 5 | $ 44,625,000 | $ 8,925,000 | $ 392,000 |
| Janesville-Beloit, WI | 5 | $ 915,000 | $ 183,000 | $ 91,000 |
| Naples-Immokalee-Marco Island, FL | 5 | $ 1,605,000 | $ 321,000 | $ 743,000 |
| Stockton-Lodi, CA | 5 | $ 1,385,000 | $ 277,000 | $ 107,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 5 | $ 1,095,000 | $ 219,000 | $ 97,000 |
| Youngstown-Warren-Boardman, OH-PA | 5 | $ 825,000 | $ 165,000 | $ 63,000 |
| Albuquerque, NM | 4 | $ 3,300,000 | $ 825,000 | $ 173,000 |
| Charlotte-Concord-Gastonia, NC-SC | 4 | $ 990,000 | $ 247,500 | $ 249,000 |
| Columbus, IN | 4 | $ 8,120,000 | $ 2,030,000 | $ 88,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 1,350,000 | $ 337,500 | $ 157,000 |
| Greeley, CO | 4 | $ 1,380,000 | $ 345,000 | $ 187,000 |
| Gulfport-Biloxi-Pascagoula, MS | 4 | $ 430,000 | $ 107,500 | $ 102,000 |
| Houston-The Woodlands-Sugar Land, TX | 4 | $ 1,370,000 | $ 342,500 | $ 241,000 |
| Las Cruces, NM | 4 | $ 770,000 | $ 192,500 | $ 84,000 |
| Las Vegas-Henderson-Paradise, NV | 4 | $ 1,670,000 | $ 417,500 | $ 147,000 |
| Louisville/Jefferson County, KY-IN | 4 | $ 1,090,000 | $ 272,500 | $ 119,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 950,000 | $ 237,500 | $ 112,000 |
| Milwaukee-Waukesha-West Allis, WI | 4 | $ 980,000 | $ 245,000 | $ 104,000 |
| Modesto, CA | 4 | $ 1,070,000 | $ 267,500 | $ 175,000 |
| Muncie, IN | 4 | $ 340,000 | $ 85,000 | $ 48,000 |
| New York-Jersey City-White Plains, NY-NJ | 4 | $ 1,090,000 | $ 272,500 | $ 113,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 1,610,000 | $ 402,500 | $ 222,000 |
| Salinas, CA | 4 | $ 1,430,000 | $ 357,500 | $ 111,000 |
| Washington-Baltimore-Arlington, DC | 4 | $ 1,480,000 | $ 370,000 | $ 143,000 |
| Auburn-Opelika, AL | 3 | $ 1,365,000 | $ 455,000 | $ 439,000 |
| Beaumont-Port Arthur, TX | 3 | $ 1,095,000 | $ 365,000 | $ 108,000 |
| Coeur D'Alene, ID | 3 | $ 905,000 | $ 301,666 | $ 103,000 |
| Jackson, MS | 3 | $ 525,000 | $ 175,000 | $ 82,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 23,985,000 | $ 7,995,000 | $ 170,000 |
| New York-Newark, NY | 3 | $ 2,045,000 | $ 681,666 | $ 86,000 |
| Port St. Lucie, FL | 3 | $ 1,055,000 | $ 351,666 | $ 209,000 |
| Santa Maria-Santa Barbara, CA | 3 | $ 1,115,000 | $ 371,666 | $ 331,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 3 | $ 915,000 | $ 305,000 | $ 106,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 390,000 | $ 195,000 | $ 67,500 |
| Bend-Redmond, OR | 2 | $ 12,960,000 | $ 6,480,000 | $ 113,000 |
| Bremerton-Silverdale, WA | 2 | $ 680,000 | $ 340,000 | $ 64,000 |
| Brunswick, GA | 2 | $ 570,000 | $ 285,000 | $ 511,000 |
| Champaign-Urbana, IL | 2 | $ 360,000 | $ 180,000 | $ 111,000 |
| Chattanooga, TN-GA | 2 | $ 250,000 | $ 125,000 | $ 51,000 |
| Clarksville, TN-KY | 2 | $ 400,000 | $ 200,000 | $ 184,000 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 360,000 | $ 180,000 | $ 84,000 |
| Evansville, IN-KY | 2 | $ 20,860,000 | $ 10,430,000 | $ 100,000 |
| Kansas City, MO-KS | 2 | $ 10,330,000 | $ 5,165,000 | $ 0 |
| Kennewick-Richland, WA | 2 | $ 530,000 | $ 265,000 | $ 119,000 |
| Knoxville, TN | 2 | $ 500,000 | $ 250,000 | $ 65,000 |
| Kokomo, IN | 2 | $ 610,000 | $ 305,000 | $ 176,000 |
| Mankato-North Mankato, MN | 2 | $ 430,000 | $ 215,000 | $ 90,000 |
| Michigan City-La Porte, IN | 2 | $ 890,000 | $ 445,000 | $ 293,000 |
| Mobile, AL | 2 | $ 450,000 | $ 225,000 | $ 111,000 |
| New Haven-Milford, CT | 2 | $ 580,000 | $ 290,000 | $ 162,000 |
| Ocean City, NJ | 2 | $ 760,000 | $ 380,000 | $ 517,000 |
| Santa Fe, NM | 2 | $ 660,000 | $ 330,000 | $ 69,000 |
| Sioux Falls, SD | 2 | $ 16,200,000 | $ 8,100,000 | $ 0 |
| St. Cloud, MN | 2 | $ 390,000 | $ 195,000 | $ 135,000 |
| Tucson, AZ | 2 | $ 420,000 | $ 210,000 | $ 223,000 |
| Visalia-Porterville, CA | 2 | $ 870,000 | $ 435,000 | $ 173,000 |
| Weirton-Steubenville, WV-OH | 2 | $ 330,000 | $ 165,000 | $ 60,500 |
| Wenatchee, WA | 2 | $ 580,000 | $ 290,000 | $ 152,000 |
| Yuba City, CA | 2 | $ 9,600,000 | $ 4,800,000 | $ 110,000 |
| Albany, GA | 1 | $ 145,000 | $ 145,000 | $ 65,000 |
| Ann Arbor, MI | 1 | $ 265,000 | $ 265,000 | $ 150,000 |
| Austin-Round Rock, TX | 1 | $ 195,000 | $ 195,000 | $ 96,000 |
| Bellingham, WA | 1 | $ 475,000 | $ 475,000 | $ 158,000 |
| Birmingham-Hoover, AL | 1 | $ 285,000 | $ 285,000 | $ 68,000 |
| Charlottesville, VA | 1 | $ 255,000 | $ 255,000 | $ 76,000 |
| Chico, CA | 1 | $ 175,000 | $ 175,000 | $ 61,000 |
| College Station-Bryan, TX | 1 | $ 155,000 | $ 155,000 | $ 69,000 |
| Columbia, MO | 1 | $ 195,000 | $ 195,000 | $ 62,000 |
| Columbia, SC | 1 | $ 13,115,000 | $ 13,115,000 | $ 0 |
| Decatur, IL | 1 | $ 75,000 | $ 75,000 | $ 25,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 225,000 | $ 225,000 | $ 115,000 |
| Duluth, MN-WI | 1 | $ 325,000 | $ 325,000 | $ 154,000 |
| Eau Claire, WI | 1 | $ 115,000 | $ 115,000 | $ 72,000 |
| El Paso, TX | 1 | $ 85,000 | $ 85,000 | $ 190,000 |
| Elkhart-Goshen, IN | 1 | $ 20,525,000 | $ 20,525,000 | $ 0 |
| Erie, PA | 1 | $ 165,000 | $ 165,000 | $ 78,000 |
| Eugene, OR | 1 | $ 315,000 | $ 315,000 | $ 137,000 |
| Flagstaff, AZ | 1 | $ 205,000 | $ 205,000 | $ 98,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 295,000 | $ 295,000 | $ 175,000 |
| Houma-Thibodaux, LA | 1 | $ 225,000 | $ 225,000 | $ 109,000 |
| Huntsville, AL | 1 | $ 215,000 | $ 215,000 | $ 166,000 |
| Idaho Falls, ID | 1 | $ 225,000 | $ 225,000 | $ 79,000 |
| Johnson City, TN | 1 | $ 355,000 | $ 355,000 | $ 94,000 |
| Lafayette-West Lafayette, IN | 1 | $ 365,000 | $ 365,000 | $ 180,000 |
| Lansing-East Lansing, MI | 1 | $ 5,855,000 | $ 5,855,000 | $ 0 |
| Lawton, OK | 1 | $ 1,565,000 | $ 1,565,000 | $ 0 |
| Manchester-Nashua, NH | 1 | $ 305,000 | $ 305,000 | $ 130,000 |
| Memphis, TN-MS-AR | 1 | $ 395,000 | $ 395,000 | $ 168,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 325,000 | $ 325,000 | $ 136,000 |
| Morgantown, WV | 1 | $ 125,000 | $ 125,000 | $ 131,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 375,000 | $ 375,000 | $ 140,000 |
| Newark, NJ-PA | 1 | $ 485,000 | $ 485,000 | $ 261,000 |
| Niles-Benton Harbor, MI | 1 | $ 345,000 | $ 345,000 | $ 739,000 |
| Ocala, FL | 1 | $ 105,000 | $ 105,000 | $ 176,000 |
| Oklahoma City, OK | 1 | $ 105,000 | $ 105,000 | $ 30,000 |
| Olympia-Tumwater, WA | 1 | $ 185,000 | $ 185,000 | $ 42,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 505,000 | $ 505,000 | $ 246,000 |
| Philadelphia, PA | 1 | $ 215,000 | $ 215,000 | $ 145,000 |
| Portland-South Portland, ME | 1 | $ 255,000 | $ 255,000 | $ 88,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 175,000 | $ 175,000 | $ 48,000 |
| Richmond, VA | 1 | $ 225,000 | $ 225,000 | $ 87,000 |
| Roanoke, VA | 1 | $ 515,000 | $ 515,000 | $ 564,000 |
| Rockford, IL | 1 | $ 335,000 | $ 335,000 | $ 156,000 |
| Sierra Vista-Douglas, AZ | 1 | $ 145,000 | $ 145,000 | $ 66,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 285,000 | $ 285,000 | $ 200,000 |
| Spartanburg, SC | 1 | $ 2,055,000 | $ 2,055,000 | $ 0 |
| Spokane-Spokane Valley, WA | 1 | $ 435,000 | $ 435,000 | $ 82,000 |
| Springfield, MA | 1 | $ 225,000 | $ 225,000 | $ 90,000 |
| State College, PA | 1 | $ 235,000 | $ 235,000 | $ 105,000 |
| The Villages, FL | 1 | $ 75,000 | $ 75,000 | $ 414,000 |
| Trenton, NJ | 1 | $ 385,000 | $ 385,000 | $ 130,000 |
| Urban Honolulu, HI | 1 | $ 485,000 | $ 485,000 | $ 554,000 |
| Wichita, KS | 1 | $ 215,000 | $ 215,000 | $ 123,000 |
| Wilmington, DE-MD-NJ | 1 | $ 275,000 | $ 275,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for Merchants Bank of Indiana in 2020
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 |
|---|---|---|---|---|---|---|
| Refinancing | 3,505 | $1,218,945,000 | $347,000 | $61,505,000 | $144,000 | $5,015,000 |
| Home Purchase | 1,340 | $719,760,000 | $537,000 | $42,185,000 | $115,000 | $1,795,000 |
| Cash-out Refinancing | 854 | $256,060,000 | $299,000 | $1,445,000 | $140,000 | $1,320,000 |
| Home Improvement | 16 | $103,200,000 | $6,450,000 | $42,005,000 | $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 | 3,970 | $1,168,890,000 | $294,000 | $2,725,000 | $143,000 | $5,015,000 |
| Asian | 837 | $214,785,000 | $256,000 | $1,365,000 | $95,000 | $1,477,000 |
| Not Provided | 562 | $180,670,000 | $321,000 | $1,445,000 | $156,000 | $1,592,000 |
| Hispanic | 163 | $49,955,000 | $306,000 | $765,000 | $136,000 | $1,795,000 |
| Black or African American | 90 | $26,470,000 | $294,000 | $855,000 | $128,000 | $569,000 |
| Not applicable | 70 | $651,790,000 | $9,311,000 | $61,505,000 | $0 | $0 |
| American Indian or Alaskan Native | 7 | $1,455,000 | $207,000 | $315,000 | $74,000 | $138,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $820,000 | $410,000 | $475,000 | $109,000 | $144,000 |
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) | 5,706 | $2,296,600,000 | $402,000 | $61,505,000 | $137,000 | $5,015,000 |
| FHA-insured (Federal Housing Administration) | 7 | $1,295,000 | $185,000 | $215,000 | $52,000 | $108,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $70,000 | $35,000 | $35,000 | $29,000 | $43,000 |
| 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 | 4,877 | $2,040,455,000 | $418,000 | $61,505,000 | $136,000 | $1,795,000 |
| Loan Purchased By The Institution | 437 | $165,725,000 | $379,000 | $1,365,000 | $155,000 | $1,477,000 |
| Application Withdrawn By Applicant | 221 | $48,145,000 | $217,000 | $905,000 | $110,000 | $1,320,000 |
| Application Denied By Financial Institution | 85 | $16,745,000 | $197,000 | $2,305,000 | $68,000 | $420,000 |
| Application Approved But Not Accepted | 83 | $24,175,000 | $291,000 | $1,395,000 | $212,000 | $5,015,000 |
| File Closed For Incompleteness | 12 | $2,720,000 | $226,000 | $515,000 | $114,000 | $359,000 |
| 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 | 5,630 | $2,281,220,000 | $405,000 | $61,505,000 | $138,000 | $5,015,000 |
| Debt-To-Income Ratio | 44 | $9,780,000 | $222,000 | $2,305,000 | $66,000 | $348,000 |
| Credit History | 18 | $2,720,000 | $151,000 | $485,000 | $51,000 | $180,000 |
| Collateral | 13 | $2,625,000 | $201,000 | $455,000 | $114,000 | $420,000 |
| Other | 6 | $1,030,000 | $171,000 | $295,000 | $52,000 | $80,000 |
| Employment History | 3 | $435,000 | $145,000 | $205,000 | $38,000 | $56,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $155,000 | $155,000 | $155,000 | $38,000 | $38,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants Bank of Indiana's 2020 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 Merchants Bank of Indiana'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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