Monticello Banking Company Mortgage Lending & HMDA Data, 2021
In 2021, Monticello Banking Company of Monticello, KY reported 574 mortgage applications totaling $118.0 million, down 25% from 2020. The average application was for $205,592, and applicants reported an average income of $91,719. 70% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Bowling Green, KY (67), Lexington-Fayette, KY (35) and Louisville/Jefferson County, KY-IN (8) (applications in parentheses).
| Mortgage Company & Address | Monticello Banking Company 50 North Main Street; Po Box 421 Monticello, KY 42633 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 | 574 |
| Total Mortgage Loan Application Amount | $118,010,000 |
| Average Mortgage Loan Application Amount | $205,592 |
| Highest Mortgage Loan Application Amount | $5,585,000 |
| Average Applicant Income | $91,719 |
| Highest Applicant Income | $1,086,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Monticello Banking Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 451 | $ 71,595,000 | $ 158,747 | $ 80,319 |
| Bowling Green, KY | 67 | $ 21,365,000 | $ 318,880 | $ 121,000 |
| Lexington-Fayette, KY | 35 | $ 8,395,000 | $ 239,857 | $ 137,000 |
| Louisville/Jefferson County, KY-IN | 8 | $ 4,430,000 | $ 553,750 | $ 165,000 |
| Elizabethtown-Fort Knox, KY | 4 | $ 1,830,000 | $ 457,500 | $ 78,000 |
| Knoxville, TN | 2 | $ 2,710,000 | $ 1,355,000 | $ 418,000 |
| Chattanooga, TN-GA | 1 | $ 185,000 | $ 185,000 | $ 282,000 |
| Cincinnati, OH-KY-IN | 1 | $ 175,000 | $ 175,000 | $ 102,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 685,000 | $ 685,000 | $ 0 |
| Jackson, TN | 1 | $ 5,155,000 | $ 5,155,000 | $ 0 |
| Morristown, TN | 1 | $ 925,000 | $ 925,000 | $ 325,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 505,000 | $ 505,000 | $ 967,000 |
| Owensboro, KY | 1 | $ 55,000 | $ 55,000 | $ 0 |
Mortgage Loan Application Detail Totals for Monticello Banking Company in 2021
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 | 295 | $71,175,000 | $241,000 | $5,585,000 | $87,000 | $967,000 |
| Refinancing | 155 | $31,015,000 | $200,000 | $2,555,000 | $105,000 | $1,086,000 |
| Cash-out Refinancing | 119 | $15,645,000 | $131,000 | $535,000 | $88,000 | $954,000 |
| Home Improvement | 5 | $175,000 | $35,000 | $65,000 | $47,000 | $83,000 |
| 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 | 477 | $69,655,000 | $146,000 | $1,505,000 | $92,000 | $1,086,000 |
| Not applicable | 74 | $44,370,000 | $599,000 | $5,585,000 | $0 | $0 |
| Asian | 10 | $2,870,000 | $287,000 | $885,000 | $122,000 | $210,000 |
| Hispanic | 9 | $765,000 | $85,000 | $215,000 | $57,000 | $193,000 |
| Black or African American | 4 | $350,000 | $87,000 | $145,000 | $57,000 | $111,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 572 | $117,610,000 | $205,000 | $5,585,000 | $92,000 | $1,086,000 |
| FHA-insured (Federal Housing Administration) | 1 | $145,000 | $145,000 | $145,000 | $53,000 | $53,000 |
| VA-guaranteed (Veterans Administration) | 1 | $255,000 | $255,000 | $255,000 | $42,000 | $42,000 |
| 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 | 404 | $91,580,000 | $226,000 | $5,585,000 | $100,000 | $1,086,000 |
| Application Denied By Financial Institution | 93 | $9,845,000 | $105,000 | $455,000 | $53,000 | $210,000 |
| Application Withdrawn By Applicant | 77 | $16,585,000 | $215,000 | $1,365,000 | $99,000 | $424,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 481 | $108,165,000 | $224,000 | $5,585,000 | $100,000 | $1,086,000 |
| Credit History | 47 | $4,135,000 | $87,000 | $445,000 | $46,000 | $165,000 |
| Debt-To-Income Ratio | 29 | $3,395,000 | $117,000 | $455,000 | $61,000 | $204,000 |
| Employment History | 4 | $460,000 | $115,000 | $185,000 | $37,000 | $53,000 |
| Collateral | 4 | $450,000 | $112,000 | $205,000 | $60,000 | $113,000 |
| Other | 3 | $585,000 | $195,000 | $345,000 | $139,000 | $210,000 |
| Unverifiable Information | 3 | $265,000 | $88,000 | $115,000 | $48,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $555,000 | $185,000 | $275,000 | $30,000 | $42,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Monticello Banking Company's 2021 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 Monticello Banking Company'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 Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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