Merit Bank Mortgage Lending & HMDA Data, 2014
In 2014, Merit Bank of Overland Park, KS reported 256 mortgage applications totaling $53.3 million, up 129% from 2013. The average application was for $208,175, and applicants reported an average income of $136,597. 71% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Kansas City, MO-KS (217), Atlanta-Sandy Springs-Roswell, GA (3) and Cleveland-Elyria, OH (2) (applications in parentheses).
| Mortgage Company & Address | Merit Bank 10000 College Blvd Overland Park, KS 66210 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 256 |
| Total Mortgage Loan Application Amount | $53,293,000 |
| Average Mortgage Loan Application Amount | $208,175 |
| Highest Mortgage Loan Application Amount | $2,439,000 |
| Average Applicant Income | $136,597 |
| Highest Applicant Income | $3,548,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Merit Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Kansas City, MO-KS | 217 | $ 42,736,000 | $ 196,940 | $ 108,036 |
| Atlanta-Sandy Springs-Roswell, GA | 3 | $ 812,000 | $ 270,666 | $ 264,000 |
| Cleveland-Elyria, OH | 2 | $ 663,000 | $ 331,500 | $ 250,000 |
| Reno, NV | 2 | $ 822,000 | $ 411,000 | $ 102,000 |
| Austin-Round Rock, TX | 1 | $ 144,000 | $ 144,000 | $ 94,000 |
| Bakersfield, CA | 1 | $ 151,000 | $ 151,000 | $ 140,000 |
| Chicago-Naperville-Arlington Heights, IL | 1 | $ 594,000 | $ 594,000 | $ 231,000 |
| Colorado Springs, CO | 1 | $ 908,000 | $ 908,000 | $ 441,000 |
| Dallas-Plano-Irving, TX | 1 | $ 408,000 | $ 408,000 | $ 3,300,000 |
| Gainesville, GA | 1 | $ 436,000 | $ 436,000 | $ 144,000 |
| Hot Springs, AR | 1 | $ 184,000 | $ 184,000 | $ 118,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 2,439,000 | $ 2,439,000 | $ 3,548,000 |
| Oklahoma City, OK | 1 | $ 177,000 | $ 177,000 | $ 82,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 260,000 | $ 260,000 | $ 70,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 412,000 | $ 412,000 | $ 78,000 |
| Punta Gorda, FL | 1 | $ 130,000 | $ 130,000 | $ 61,000 |
| St. Louis, MO-IL | 1 | $ 142,000 | $ 142,000 | $ 80,000 |
| Topeka, KS | 1 | $ 37,000 | $ 37,000 | $ 197,000 |
| Wichita, KS | 1 | $ 356,000 | $ 356,000 | $ 225,000 |
Mortgage Loan Application Detail Totals for Merit Bank in 2014
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 | 144 | $30,419,000 | $211,000 | $2,439,000 | $159,000 | $3,548,000 |
| Refinancing | 107 | $22,707,000 | $212,000 | $1,602,000 | $109,000 | $441,000 |
| Home Improvement | 5 | $167,000 | $33,000 | $90,000 | $82,000 | $172,000 |
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 | 218 | $42,181,000 | $193,000 | $1,016,000 | $116,000 | $641,000 |
| Black or African American | 12 | $4,951,000 | $412,000 | $2,439,000 | $682,000 | $3,548,000 |
| Not Provided | 9 | $1,710,000 | $190,000 | $436,000 | $87,000 | $200,000 |
| Not applicable | 7 | $1,291,000 | $184,000 | $773,000 | $0 | $0 |
| Hispanic | 7 | $2,576,000 | $368,000 | $1,602,000 | $38,000 | $77,000 |
| Asian | 2 | $422,000 | $211,000 | $280,000 | $85,000 | $90,000 |
| American Indian or Alaskan Native | 1 | $162,000 | $162,000 | $162,000 | $131,000 | $131,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 201 | $43,538,000 | $216,000 | $2,439,000 | $149,000 | $3,548,000 |
| VA-guaranteed (Veterans Administration) | 27 | $5,491,000 | $203,000 | $416,000 | $109,000 | $641,000 |
| FHA-insured (Federal Housing Administration) | 26 | $4,103,000 | $157,000 | $272,000 | $75,000 | $167,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $161,000 | $80,000 | $97,000 | $36,000 | $37,000 |
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 | 181 | $34,797,000 | $192,000 | $2,439,000 | $148,000 | $3,548,000 |
| Application Withdrawn By Applicant | 34 | $6,746,000 | $198,000 | $773,000 | $90,000 | $448,000 |
| Application Denied By Financial Institution | 19 | $6,461,000 | $340,000 | $1,602,000 | $134,000 | $641,000 |
| Application Approved But Not Accepted | 13 | $3,149,000 | $242,000 | $414,000 | $126,000 | $248,000 |
| File Closed For Incompleteness | 9 | $2,140,000 | $237,000 | $436,000 | $97,000 | $200,000 |
| 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 | 9 | $1,762,000 | $195,000 | $417,000 | $157,000 | $641,000 |
| Collateral | 5 | $2,445,000 | $489,000 | $1,016,000 | $193,000 | $441,000 |
| Debt-To-Income Ratio | 3 | $577,000 | $192,000 | $272,000 | $40,000 | $61,000 |
| Other | 1 | $75,000 | $75,000 | $75,000 | $54,000 | $54,000 |
| 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 Merit Bank's 2014 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 Merit 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.
For a list of all lenders in Kansas, download the full spreadsheet
with aggregated HMDA statistics today.
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