Mutual Federal Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2020
Mutual Federal Bank 2020 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Mutual Federal Bank 2212 Cermak Road Chicago, IL 60608 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 1,644 |
| Total Mortgage Loan Application Amount | $389,430,000 |
| Average Mortgage Loan Application Amount | $233,000 |
| Highest Mortgage Loan Application Amount | $2,405,000 |
| Average Applicant Income | $126,000 |
| Highest Applicant Income | $2,037,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2020 with Mutual Federal Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Mutual Federal Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2020 breaks down Mutual Federal Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Mutual Federal Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Mutual Federal Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Mutual Federal Bank's mortgage activity for 2020.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Will County Illinois | 591 | $ 132,945,000 | $ 224,000 | $ 117,000 |
| Cook County Illinois | 381 | $ 90,755,000 | $ 238,000 | $ 136,000 |
| DuPage County Illinois | 160 | $ 41,960,000 | $ 262,000 | $ 135,000 |
| Kendall County Illinois | 85 | $ 19,005,000 | $ 223,000 | $ 102,000 |
| Kane County Illinois | 76 | $ 16,780,000 | $ 220,000 | $ 116,000 |
| Grundy County Illinois | 67 | $ 13,855,000 | $ 206,000 | $ 93,000 |
| Lake County Illinois | 25 | $ 5,945,000 | $ 237,000 | $ 126,000 |
| Lake County Indiana | 20 | $ 4,900,000 | $ 245,000 | $ 108,000 |
| Kankakee County Illinois | 17 | $ 1,975,000 | $ 116,000 | $ 364,000 |
| McHenry County Illinois | 13 | $ 3,675,000 | $ 282,000 | $ 104,000 |
| Charleston County South Carolina | 9 | $ 2,835,000 | $ 315,000 | $ 108,000 |
| King County Washington | 9 | $ 3,475,000 | $ 386,000 | $ 211,000 |
| Winnebago County Illinois | 8 | $ 1,210,000 | $ 151,000 | $ 128,000 |
| Collier County Florida | 7 | $ 1,435,000 | $ 205,000 | $ 301,000 |
| Lee County Florida | 6 | $ 1,610,000 | $ 268,000 | $ 513,000 |
| Maricopa County Arizona | 5 | $ 1,385,000 | $ 277,000 | $ 115,000 |
| DeKalb County Illinois | 5 | $ 875,000 | $ 175,000 | $ 85,000 |
| LaSalle County Illinois | 5 | $ 1,095,000 | $ 219,000 | $ 79,000 |
| Hamilton County Indiana | 4 | $ 1,000,000 | $ 250,000 | $ 171,000 |
| Jefferson County Missouri | 4 | $ 660,000 | $ 165,000 | $ 115,000 |
| Otero County New Mexico | 4 | $ 670,000 | $ 167,000 | $ 119,000 |
| Larimer County Colorado | 3 | $ 795,000 | $ 265,000 | $ 76,000 |
| Manatee County Florida | 3 | $ 1,015,000 | $ 338,000 | $ 92,000 |
| Pinellas County Florida | 3 | $ 1,035,000 | $ 345,000 | $ 372,000 |
| Livingston County Illinois | 3 | $ 625,000 | $ 208,000 | $ 58,000 |
| LaPorte County Indiana | 3 | $ 905,000 | $ 301,000 | $ 205,000 |
| Mecklenburg County North Carolina | 3 | $ 645,000 | $ 215,000 | $ 306,000 |
| Union County North Carolina | 3 | $ 375,000 | $ 125,000 | $ 330,000 |
| Davidson County Tennessee | 3 | $ 685,000 | $ 228,000 | $ 55,000 |
| Rock County Wisconsin | 3 | $ 625,000 | $ 208,000 | $ 83,000 |
| Winnebago County Wisconsin | 3 | $ 555,000 | $ 185,000 | $ 153,000 |
| Pinal County Arizona | 2 | $ 390,000 | $ 195,000 | $ 119,000 |
| Los Angeles County California | 2 | $ 760,000 | $ 380,000 | $ 91,000 |
| Hernando County Florida | 2 | $ 450,000 | $ 225,000 | $ 111,000 |
| Hillsborough County Florida | 2 | $ 1,590,000 | $ 795,000 | $ 268,000 |
| Miami-Dade County Florida | 2 | $ 1,070,000 | $ 535,000 | $ 136,000 |
| Volusia County Florida | 2 | $ 970,000 | $ 485,000 | $ 136,000 |
| Ogle County Illinois | 2 | $ 290,000 | $ 145,000 | $ 41,000 |
| Woodford County Illinois | 2 | $ 290,000 | $ 145,000 | $ 138,000 |
| Boone County Indiana | 2 | $ 760,000 | $ 380,000 | $ 152,000 |
| Jennings County Indiana | 2 | $ 330,000 | $ 165,000 | $ 63,000 |
| Johnson County Kansas | 2 | $ 250,000 | $ 125,000 | $ 113,000 |
| Essex County Massachusetts | 2 | $ 610,000 | $ 305,000 | $ 199,000 |
| Wayne County Michigan | 2 | $ 250,000 | $ 125,000 | $ 55,000 |
| Harrison County Mississippi | 2 | $ 650,000 | $ 325,000 | $ 502,000 |
| St. Louis County Missouri | 2 | $ 260,000 | $ 130,000 | $ 111,000 |
| Clark County Nevada | 2 | $ 720,000 | $ 360,000 | $ 246,000 |
| Iredell County North Carolina | 2 | $ 610,000 | $ 305,000 | $ 306,000 |
| Orange County North Carolina | 2 | $ 200,000 | $ 100,000 | $ 64,000 |
| Lancaster County South Carolina | 2 | $ 460,000 | $ 230,000 | $ 154,000 |
| Grayson County Texas | 2 | $ 1,030,000 | $ 515,000 | $ 147,000 |
| Dane County Wisconsin | 2 | $ 460,000 | $ 230,000 | $ 179,000 |
| Gila County Arizona | 1 | $ 335,000 | $ 335,000 | $ 171,000 |
| Yavapai County Arizona | 1 | $ 195,000 | $ 195,000 | $ 145,000 |
| Alameda County California | 1 | $ 515,000 | $ 515,000 | $ 160,000 |
| San Bernardino County California | 1 | $ 165,000 | $ 165,000 | $ 92,000 |
| San Diego County California | 1 | $ 495,000 | $ 495,000 | $ 0 |
| San Mateo County California | 1 | $ 2,175,000 | $ 2,175,000 | $ 476,000 |
| El Paso County Colorado | 1 | $ 285,000 | $ 285,000 | $ 69,000 |
| Jefferson County Colorado | 1 | $ 365,000 | $ 365,000 | $ 94,000 |
| Pasco County Florida | 1 | $ 65,000 | $ 65,000 | $ 25,000 |
| Polk County Florida | 1 | $ 105,000 | $ 105,000 | $ 31,000 |
| Ada County Idaho | 1 | $ 185,000 | $ 185,000 | $ 121,000 |
| Bureau County Illinois | 1 | $ 95,000 | $ 95,000 | $ 126,000 |
| McLean County Illinois | 1 | $ 75,000 | $ 75,000 | $ 17,000 |
| Putnam County Illinois | 1 | $ 175,000 | $ 175,000 | $ 238,000 |
| Rock Island County Illinois | 1 | $ 65,000 | $ 65,000 | $ 114,000 |
| Sangamon County Illinois | 1 | $ 165,000 | $ 165,000 | $ 85,000 |
| Stephenson County Illinois | 1 | $ 95,000 | $ 95,000 | $ 51,000 |
| Hendricks County Indiana | 1 | $ 145,000 | $ 145,000 | $ 63,000 |
| Jasper County Indiana | 1 | $ 145,000 | $ 145,000 | $ 52,000 |
| Marshall County Indiana | 1 | $ 285,000 | $ 285,000 | $ 265,000 |
| Montgomery County Indiana | 1 | $ 245,000 | $ 245,000 | $ 54,000 |
| Newton County Indiana | 1 | $ 135,000 | $ 135,000 | $ 60,000 |
| Porter County Indiana | 1 | $ 235,000 | $ 235,000 | $ 103,000 |
| Whitley County Indiana | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Kenton County Kentucky | 1 | $ 115,000 | $ 115,000 | $ 41,000 |
| Oldham County Kentucky | 1 | $ 115,000 | $ 115,000 | $ 53,000 |
| Orleans County Louisiana | 1 | $ 105,000 | $ 105,000 | $ 54,000 |
| Talbot County Maryland | 1 | $ 355,000 | $ 355,000 | $ 150,000 |
| Middlesex County Massachusetts | 1 | $ 435,000 | $ 435,000 | $ 134,000 |
| Berrien County Michigan | 1 | $ 475,000 | $ 475,000 | $ 240,000 |
| Cass County Michigan | 1 | $ 305,000 | $ 305,000 | $ 219,000 |
| Jackson County Michigan | 1 | $ 145,000 | $ 145,000 | $ 60,000 |
| Leelanau County Michigan | 1 | $ 405,000 | $ 405,000 | $ 125,000 |
| St. Joseph County Michigan | 1 | $ 185,000 | $ 185,000 | $ 221,000 |
| Van Buren County Michigan | 1 | $ 395,000 | $ 395,000 | $ 230,000 |
| Hennepin County Minnesota | 1 | $ 1,005,000 | $ 1,005,000 | $ 480,000 |
| Cape Girardeau County Missouri | 1 | $ 95,000 | $ 95,000 | $ 46,000 |
| St. Charles County Missouri | 1 | $ 275,000 | $ 275,000 | $ 96,000 |
| Carroll County New Hampshire | 1 | $ 385,000 | $ 385,000 | $ 134,000 |
| Morris County New Jersey | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Sussex County New Jersey | 1 | $ 105,000 | $ 105,000 | $ 60,000 |
| Lea County New Mexico | 1 | $ 105,000 | $ 105,000 | $ 167,000 |
| New Hanover County North Carolina | 1 | $ 205,000 | $ 205,000 | $ 54,000 |
| Wake County North Carolina | 1 | $ 255,000 | $ 255,000 | $ 219,000 |
| Lorain County Ohio | 1 | $ 315,000 | $ 315,000 | $ 142,000 |
| Carter County Oklahoma | 1 | $ 255,000 | $ 255,000 | $ 28,000 |
| Multnomah County Oregon | 1 | $ 255,000 | $ 255,000 | $ 96,000 |
| Beaver County Pennsylvania | 1 | $ 275,000 | $ 275,000 | $ 94,000 |
| Centre County Pennsylvania | 1 | $ 345,000 | $ 345,000 | $ 96,000 |
| Philadelphia County Pennsylvania | 1 | $ 65,000 | $ 65,000 | $ 24,000 |
| Providence County Rhode Island | 1 | $ 1,355,000 | $ 1,355,000 | $ 473,000 |
| Beaufort County South Carolina | 1 | $ 185,000 | $ 185,000 | $ 206,000 |
| Dorchester County South Carolina | 1 | $ 175,000 | $ 175,000 | $ 66,000 |
| Horry County South Carolina | 1 | $ 155,000 | $ 155,000 | $ 81,000 |
| York County South Carolina | 1 | $ 515,000 | $ 515,000 | $ 270,000 |
| Shelby County Tennessee | 1 | $ 245,000 | $ 245,000 | $ 110,000 |
| Sumner County Tennessee | 1 | $ 345,000 | $ 345,000 | $ 73,000 |
| Collin County Texas | 1 | $ 185,000 | $ 185,000 | $ 37,000 |
| Harris County Texas | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Tarrant County Texas | 1 | $ 485,000 | $ 485,000 | $ 222,000 |
| Island County Washington | 1 | $ 1,085,000 | $ 1,085,000 | $ 343,000 |
| Pierce County Washington | 1 | $ 365,000 | $ 365,000 | $ 165,000 |
| Snohomish County Washington | 1 | $ 165,000 | $ 165,000 | $ 243,000 |
| Harrison County West Virginia | 1 | $ 345,000 | $ 345,000 | $ 70,000 |
| Bayfield County Wisconsin | 1 | $ 95,000 | $ 95,000 | $ 108,000 |
| Milwaukee County Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 61,000 |
| Oneida County Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 381,000 |
| Ozaukee County Wisconsin | 1 | $ 415,000 | $ 415,000 | $ 112,000 |
| Racine County Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 84,000 |
| Sawyer County Wisconsin | 1 | $ 395,000 | $ 395,000 | $ 331,000 |
| Sheboygan County Wisconsin | 1 | $ 355,000 | $ 355,000 | $ 227,000 |
Mortgage Loan Application Detail Totals for Mutual Federal Bank 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 | 1,014 | $243,080,000 | $239,000 | $2,405,000 | $140,000 | $2,037,000 |
| Home Purchase | 459 | $107,395,000 | $233,000 | $1,355,000 | $104,000 | $717,000 |
| Cash-out Refinancing | 171 | $38,955,000 | $227,000 | $1,005,000 | $134,000 | $866,000 |
| 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 | 1,218 | $292,950,000 | $240,000 | $2,405,000 | $133,000 | $2,037,000 |
| Not Provided | 202 | $47,720,000 | $236,000 | $2,175,000 | $138,000 | $1,800,000 |
| Hispanic | 134 | $28,270,000 | $210,000 | $555,000 | $95,000 | $329,000 |
| Black or African American | 46 | $10,420,000 | $226,000 | $405,000 | $97,000 | $231,000 |
| Asian | 43 | $9,555,000 | $222,000 | $515,000 | $113,000 | $208,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $515,000 | $515,000 | $515,000 | $360,000 | $360,000 |
| Not applicable | 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) | 1,436 | $344,320,000 | $239,000 | $2,405,000 | $138,000 | $2,037,000 |
| FHA-insured (Federal Housing Administration) | 188 | $39,100,000 | $207,000 | $405,000 | $71,000 | $219,000 |
| VA-guaranteed (Veterans Administration) | 19 | $5,865,000 | $308,000 | $1,355,000 | $78,000 | $473,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $145,000 | $145,000 | $145,000 | $74,000 | $74,000 |
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 | 1,079 | $251,985,000 | $233,000 | $925,000 | $130,000 | $2,037,000 |
| Application Withdrawn By Applicant | 397 | $101,925,000 | $256,000 | $2,405,000 | $141,000 | $1,800,000 |
| Application Denied By Financial Institution | 95 | $19,655,000 | $206,000 | $505,000 | $85,000 | $241,000 |
| File Closed For Incompleteness | 65 | $14,055,000 | $216,000 | $515,000 | $118,000 | $717,000 |
| Application Approved But Not Accepted | 8 | $1,810,000 | $226,000 | $435,000 | $113,000 | $155,000 |
| 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 | 1,549 | $369,775,000 | $238,000 | $2,405,000 | $132,000 | $2,037,000 |
| Credit History | 26 | $4,780,000 | $183,000 | $335,000 | $74,000 | $167,000 |
| Debt-To-Income Ratio | 26 | $5,760,000 | $221,000 | $505,000 | $73,000 | $205,000 |
| Collateral | 23 | $5,115,000 | $222,000 | $375,000 | $127,000 | $241,000 |
| Employment History | 7 | $1,435,000 | $205,000 | $325,000 | $71,000 | $170,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,040,000 | $173,000 | $285,000 | $68,000 | $110,000 |
| Unverifiable Information | 5 | $1,155,000 | $231,000 | $385,000 | $59,000 | $144,000 |
| Mortgage Insurance Denied | 1 | $165,000 | $165,000 | $165,000 | $45,000 | $45,000 |
| Other | 1 | $205,000 | $205,000 | $205,000 | $80,000 | $80,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mutual Federal Bank'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 Mutual Federal 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.
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with aggregated HMDA statistics today.