Mortgage Masters of Indiana Inc Mortgage Lending & HMDA Data, 2022

In 2022, Mortgage Masters of Indiana Inc of Evansville, IN reported 1,064 mortgage applications totaling $201.6 million, down 35% from 2021. The average application was for $189,436, and applicants reported an average income of $74,822. 90% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Evansville, IN-KY (841), Bloomington, IN (33) and Indianapolis-Carmel-Anderson, IN (9) (applications in parentheses).

Mortgage Company & Address Mortgage Masters of Indiana Inc
501 N Cross Pointe Blvd
Evansville, IN 47715
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  
Total Number of Mortgage Applications 1,064
Total Mortgage Loan Application Amount $201,560,000
Average Mortgage Loan Application Amount $189,436
Highest Mortgage Loan Application Amount $685,000
Average Applicant Income $74,822
Highest Applicant Income $443,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage Masters of Indiana Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Mortgage Masters of Indiana Inc in 2022

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 975 $186,275,000 $191,000 $685,000 $74,000 $347,000
Refinancing 46 $7,830,000 $170,000 $555,000 $79,000 $443,000
Cash-out Refinancing 43 $7,455,000 $173,000 $525,000 $89,000 $172,000
Home Improvement 0 $0 $0 $0 $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 905 $170,635,000 $188,000 $685,000 $75,000 $443,000
Black or African American 61 $11,115,000 $182,000 $385,000 $70,000 $175,000
Not Provided 37 $7,645,000 $206,000 $585,000 $82,000 $251,000
Hispanic 30 $5,690,000 $189,000 $375,000 $63,000 $139,000
Asian 20 $4,360,000 $218,000 $645,000 $88,000 $177,000
American Indian or Alaskan Native 7 $1,065,000 $152,000 $245,000 $61,000 $130,000
Native Hawaiian or Other Pacific Islander 1 $175,000 $175,000 $175,000 $98,000 $98,000
Not applicable 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) 534 $108,250,000 $202,000 $685,000 $86,000 $443,000
FHA-insured (Federal Housing Administration) 371 $64,145,000 $172,000 $425,000 $64,000 $207,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 94 $14,040,000 $149,000 $315,000 $54,000 $102,000
VA-guaranteed (Veterans Administration) 65 $15,125,000 $232,000 $455,000 $79,000 $182,000

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 956 $181,790,000 $190,000 $685,000 $75,000 $443,000
Application Withdrawn By Applicant 62 $11,130,000 $179,000 $315,000 $77,000 $223,000
Application Denied By Financial Institution 44 $8,330,000 $189,000 $555,000 $70,000 $182,000
Application Approved But Not Accepted 2 $310,000 $155,000 $195,000 $34,000 $36,000
File Closed For Incompleteness 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 1,020 $193,230,000 $189,000 $685,000 $75,000 $443,000
Other 23 $4,165,000 $181,000 $555,000 $81,000 $166,000
Debt-To-Income Ratio 11 $2,795,000 $254,000 $525,000 $72,000 $182,000
Employment History 4 $750,000 $187,000 $195,000 $50,000 $92,000
Unverifiable Information 2 $220,000 $110,000 $155,000 $50,000 $56,000
Credit History 2 $260,000 $130,000 $155,000 $14,000 $29,000
Collateral 1 $65,000 $65,000 $65,000 $43,000 $43,000
Credit Application Incomplete 1 $75,000 $75,000 $75,000 $47,000 $47,000
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 Mortgage Masters of Indiana Inc's 2022 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 Mortgage Masters of Indiana Inc'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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