Monroe Federal Savings and Loan Association Mortgage Lending & HMDA Data, 2024
In 2024, Monroe Federal Savings and Loan Association of Tipp City, OH reported 48 mortgage applications totaling $10.9 million, up 4% from 2023. The average application was for $226,458, and applicants reported an average income of $178,854. 75% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Dayton-Springfield-Kettering, OH (29), Springfield, OH (4) and Cincinnati, OH-KY-IN (3) (applications in parentheses).
| Mortgage Company & Address | Monroe Federal Savings and Loan Association 24 E Main St Po Box 119 Tipp City, OH 45371 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 |
| Total Number of Mortgage Applications | 48 |
| Total Mortgage Loan Application Amount | $10,870,000 |
| Average Mortgage Loan Application Amount | $226,458 |
| Highest Mortgage Loan Application Amount | $845,000 |
| Average Applicant Income | $178,854 |
| Highest Applicant Income | $616,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Monroe Federal Savings and Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Monroe Federal Savings and Loan Association 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 | 33 | $7,665,000 | $232,000 | $845,000 | $211,000 | $616,000 |
| Refinancing | 10 | $2,860,000 | $286,000 | $625,000 | $90,000 | $167,000 |
| Other Purpose | 4 | $270,000 | $67,000 | $105,000 | $98,000 | $136,000 |
| Home Improvement | 1 | $75,000 | $75,000 | $75,000 | $330,000 | $330,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 27 | $4,705,000 | $174,000 | $405,000 | $115,000 | $330,000 |
| Not applicable | 12 | $3,450,000 | $287,000 | $845,000 | $0 | $0 |
| Not Provided | 6 | $2,110,000 | $351,000 | $635,000 | $373,000 | $597,000 |
| Hispanic | 3 | $605,000 | $201,000 | $405,000 | $353,000 | $616,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 48 | $10,870,000 | $226,000 | $845,000 | $178,000 | $616,000 |
| 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 | 36 | $8,040,000 | $223,000 | $845,000 | $177,000 | $616,000 |
| Application Withdrawn By Applicant | 7 | $1,375,000 | $196,000 | $445,000 | $137,000 | $518,000 |
| Application Approved But Not Accepted | 2 | $720,000 | $360,000 | $405,000 | $162,000 | $183,000 |
| Application Denied By Financial Institution | 2 | $560,000 | $280,000 | $485,000 | $329,000 | $597,000 |
| File Closed For Incompleteness | 1 | $175,000 | $175,000 | $175,000 | $143,000 | $143,000 |
| 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 | 46 | $10,310,000 | $224,000 | $845,000 | $169,000 | $616,000 |
| Collateral | 1 | $485,000 | $485,000 | $485,000 | $597,000 | $597,000 |
| Credit History | 1 | $75,000 | $75,000 | $75,000 | $62,000 | $62,000 |
| 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 |
| Credit Application Incomplete | 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 Monroe Federal Savings and Loan Association'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 Monroe Federal Savings and Loan Association'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 Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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