Mutualbank Mortgage Lending & HMDA Data, 2019
In 2019, Mutualbank of Muncie, IN reported 2,629 mortgage applications totaling $322.7 million, up 9% from 2018. The average application was for $122,740, and applicants reported an average income of $92,542. 73% of its applications resulted in an originated loan and 17% were denied. Its largest markets were South Bend-Mishawaka, IN-MI (520), Muncie, IN (492) and Indianapolis-Carmel-Anderson, IN (185) (applications in parentheses).
| Mortgage Company & Address | Mutualbank 110 E Charles St Muncie, IN 47305 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 |
| Total Number of Mortgage Applications | 2,629 |
| Total Mortgage Loan Application Amount | $322,685,000 |
| Average Mortgage Loan Application Amount | $122,740 |
| Highest Mortgage Loan Application Amount | $17,005,000 |
| Average Applicant Income | $92,542 |
| Highest Applicant Income | $904,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mutualbank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Delaware, Indiana | 492 | $ 45,750,000 | $ 92,987 | $ 90,000 |
| St. Joseph, Indiana | 486 | $ 55,450,000 | $ 114,094 | $ 84,000 |
| Kosciusko, Indiana | 345 | $ 40,525,000 | $ 117,463 | $ 93,000 |
| Grant, Indiana | 195 | $ 14,135,000 | $ 72,487 | $ 56,000 |
| Elkhart, Indiana | 153 | $ 18,825,000 | $ 123,039 | $ 92,000 |
| Greene, Indiana | 137 | $ 10,945,000 | $ 79,890 | $ 78,000 |
| Allen, Indiana | 102 | $ 15,340,000 | $ 150,392 | $ 141,000 |
| Randolph, Indiana | 100 | $ 5,520,000 | $ 55,200 | $ 75,000 |
| Monroe, Indiana | 83 | $ 11,115,000 | $ 133,915 | $ 93,000 |
| Marion, Indiana | 49 | $ 6,705,000 | $ 136,836 | $ 106,000 |
| Hamilton, Indiana | 48 | $ 15,880,000 | $ 330,833 | $ 186,000 |
| Jackson, Indiana | 38 | $ 3,810,000 | $ 100,263 | $ 92,000 |
| Lawrence, Indiana | 38 | $ 2,820,000 | $ 74,210 | $ 61,000 |
| Cass, Michigan | 34 | $ 6,500,000 | $ 191,176 | $ 147,000 |
| Johnson, Indiana | 23 | $ 3,715,000 | $ 161,521 | $ 88,000 |
| Berrien, Michigan | 22 | $ 5,200,000 | $ 236,363 | $ 172,000 |
| Madison, Indiana | 21 | $ 2,075,000 | $ 98,809 | $ 112,000 |
| Wabash, Indiana | 21 | $ 2,375,000 | $ 113,095 | $ 87,000 |
| Jay, Indiana | 14 | $ 560,000 | $ 40,000 | $ 62,000 |
| Whitley, Indiana | 14 | $ 1,290,000 | $ 92,142 | $ 74,000 |
| Morgan, Indiana | 12 | $ 3,480,000 | $ 290,000 | $ 128,000 |
| LaPorte, Indiana | 11 | $ 1,695,000 | $ 154,090 | $ 103,000 |
| Owen, Indiana | 11 | $ 1,395,000 | $ 126,818 | $ 70,000 |
| Marshall, Indiana | 10 | $ 1,050,000 | $ 105,000 | $ 71,000 |
| Blackford, Indiana | 9 | $ 525,000 | $ 58,333 | $ 56,000 |
| Hendricks, Indiana | 9 | $ 1,485,000 | $ 165,000 | $ 78,000 |
| Henry, Indiana | 9 | $ 1,185,000 | $ 131,666 | $ 93,000 |
| Hancock, Indiana | 8 | $ 1,900,000 | $ 237,500 | $ 182,000 |
| Huntington, Indiana | 8 | $ 470,000 | $ 58,750 | $ 104,000 |
| Steuben, Indiana | 8 | $ 1,950,000 | $ 243,750 | $ 189,000 |
| Boone, Indiana | 7 | $ 1,855,000 | $ 265,000 | $ 117,000 |
| LaGrange, Indiana | 7 | $ 1,505,000 | $ 215,000 | $ 101,000 |
| Daviess, Indiana | 6 | $ 580,000 | $ 96,666 | $ 118,000 |
| Noble, Indiana | 6 | $ 950,000 | $ 158,333 | $ 102,000 |
| Brown, Indiana | 5 | $ 925,000 | $ 185,000 | $ 67,000 |
| Sullivan, Indiana | 5 | $ 315,000 | $ 63,000 | $ 71,000 |
| Clay, Indiana | 4 | $ 250,000 | $ 62,500 | $ 110,000 |
| Fulton, Indiana | 4 | $ 600,000 | $ 150,000 | $ 116,000 |
| Knox, Indiana | 4 | $ 290,000 | $ 72,500 | $ 55,000 |
| Pinellas, Florida | 3 | $ 485,000 | $ 161,666 | $ 214,000 |
| DeKalb, Indiana | 3 | $ 245,000 | $ 81,666 | $ 60,000 |
| Jennings, Indiana | 3 | $ 185,000 | $ 61,666 | $ 57,000 |
| Miami, Indiana | 3 | $ 165,000 | $ 55,000 | $ 74,000 |
| Shelby, Indiana | 3 | $ 385,000 | $ 128,333 | $ 121,000 |
| Wells, Indiana | 3 | $ 185,000 | $ 61,666 | $ 51,000 |
| Charlotte, Florida | 2 | $ 500,000 | $ 250,000 | $ 115,000 |
| Lee, Florida | 2 | $ 330,000 | $ 165,000 | $ 184,000 |
| Wabash, Illinois | 2 | $ 440,000 | $ 220,000 | $ 63,000 |
| Bartholomew, Indiana | 2 | $ 390,000 | $ 195,000 | $ 37,000 |
| Scott, Indiana | 2 | $ 640,000 | $ 320,000 | $ 36,000 |
| Starke, Indiana | 2 | $ 170,000 | $ 85,000 | $ 65,000 |
| Charlevoix, Michigan | 2 | $ 1,350,000 | $ 675,000 | $ 229,000 |
| Ottawa, Michigan | 2 | $ 310,000 | $ 155,000 | $ 150,000 |
| St. Joseph, Michigan | 2 | $ 220,000 | $ 110,000 | $ 246,000 |
| Van Buren, Michigan | 2 | $ 1,710,000 | $ 855,000 | $ 362,000 |
| Orange, California | 1 | $ 465,000 | $ 465,000 | $ 120,000 |
| Flagler, Florida | 1 | $ 715,000 | $ 715,000 | $ 350,000 |
| Manatee, Florida | 1 | $ 525,000 | $ 525,000 | $ 182,000 |
| Okaloosa, Florida | 1 | $ 225,000 | $ 225,000 | $ 448,000 |
| Palm Beach, Florida | 1 | $ 75,000 | $ 75,000 | $ 116,000 |
| Volusia, Florida | 1 | $ 195,000 | $ 195,000 | $ 85,000 |
| Cook, Illinois | 1 | $ 385,000 | $ 385,000 | $ 335,000 |
| Dubois, Indiana | 1 | $ 35,000 | $ 35,000 | $ 110,000 |
| Floyd, Indiana | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Martin, Indiana | 1 | $ 185,000 | $ 185,000 | $ 122,000 |
| Orange, Indiana | 1 | $ 55,000 | $ 55,000 | $ 51,000 |
| Porter, Indiana | 1 | $ 155,000 | $ 155,000 | $ 335,000 |
| Pulaski, Indiana | 1 | $ 155,000 | $ 155,000 | $ 240,000 |
| Vigo, Indiana | 1 | $ 25,000 | $ 25,000 | $ 108,000 |
| Warrick, Indiana | 1 | $ 17,005,000 | $ 17,005,000 | $ 0 |
| Wayne, Indiana | 1 | $ 25,000 | $ 25,000 | $ 72,000 |
| Fayette, Kentucky | 1 | $ 55,000 | $ 55,000 | $ 293,000 |
| Oldham, Kentucky | 1 | $ 25,000 | $ 25,000 | $ 48,000 |
| Kalamazoo, Michigan | 1 | $ 95,000 | $ 95,000 | $ 160,000 |
| Leelanau, Michigan | 1 | $ 145,000 | $ 145,000 | $ 123,000 |
| Mason, Michigan | 1 | $ 415,000 | $ 415,000 | $ 180,000 |
| Cuyahoga, Ohio | 1 | $ 215,000 | $ 215,000 | $ 174,000 |
| Darke, Ohio | 1 | $ 5,000 | $ 5,000 | $ 70,000 |
| Defiance, Ohio | 1 | $ 205,000 | $ 205,000 | $ 112,000 |
| Logan, Ohio | 1 | $ 225,000 | $ 225,000 | $ 129,000 |
| Anderson, South Carolina | 1 | $ 375,000 | $ 375,000 | $ 259,000 |
| Davidson, Tennessee | 1 | $ 435,000 | $ 435,000 | $ 177,000 |
| Jefferson, Tennessee | 1 | $ 25,000 | $ 25,000 | $ 70,000 |
| Sevier, Tennessee | 1 | $ 285,000 | $ 285,000 | $ 69,000 |
Mortgage Loan Application Detail Totals for Mutualbank in 2019
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 968 | $51,370,000 | $53,000 | $455,000 | $84,000 | $670,000 |
| Home Purchase | 666 | $120,580,000 | $181,000 | $3,455,000 | $101,000 | $790,000 |
| Refinancing | 540 | $95,360,000 | $176,000 | $17,005,000 | $101,000 | $904,000 |
| Cash-out Refinancing | 300 | $46,820,000 | $156,000 | $1,505,000 | $90,000 | $849,000 |
| Home Improvement | 155 | $8,555,000 | $55,000 | $455,000 | $85,000 | $360,000 |
| 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 | 2,221 | $249,975,000 | $112,000 | $1,505,000 | $93,000 | $904,000 |
| Not Provided | 165 | $18,265,000 | $110,000 | $645,000 | $97,000 | $513,000 |
| Not applicable | 107 | $39,945,000 | $373,000 | $17,005,000 | $0 | $0 |
| Hispanic | 56 | $5,040,000 | $90,000 | $725,000 | $76,000 | $271,000 |
| Black or African American | 41 | $3,795,000 | $92,000 | $675,000 | $64,000 | $185,000 |
| Asian | 27 | $4,385,000 | $162,000 | $355,000 | $110,000 | $375,000 |
| American Indian or Alaskan Native | 3 | $505,000 | $168,000 | $355,000 | $89,000 | $152,000 |
| 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) | 2,629 | $322,685,000 | $122,000 | $17,005,000 | $92,000 | $904,000 |
| 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 | 1,919 | $247,885,000 | $129,000 | $17,005,000 | $98,000 | $904,000 |
| Application Denied By Financial Institution | 434 | $45,080,000 | $103,000 | $1,505,000 | $70,000 | $670,000 |
| Application Approved But Not Accepted | 248 | $24,740,000 | $99,000 | $605,000 | $89,000 | $485,000 |
| Application Withdrawn By Applicant | 26 | $4,510,000 | $173,000 | $635,000 | $131,000 | $480,000 |
| File Closed For Incompleteness | 2 | $470,000 | $235,000 | $325,000 | $114,000 | $124,000 |
| 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 | 2,195 | $277,605,000 | $126,000 | $17,005,000 | $97,000 | $904,000 |
| Credit History | 203 | $15,915,000 | $78,000 | $1,505,000 | $63,000 | $662,000 |
| Debt-To-Income Ratio | 77 | $7,965,000 | $103,000 | $635,000 | $61,000 | $337,000 |
| Credit Application Incomplete | 75 | $12,215,000 | $162,000 | $835,000 | $97,000 | $670,000 |
| Collateral | 58 | $6,190,000 | $106,000 | $645,000 | $75,000 | $296,000 |
| Other | 14 | $1,710,000 | $122,000 | $525,000 | $68,000 | $305,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $385,000 | $128,000 | $275,000 | $58,000 | $95,000 |
| Unverifiable Information | 2 | $130,000 | $65,000 | $105,000 | $65,000 | $80,000 |
| Employment History | 2 | $570,000 | $285,000 | $345,000 | $57,000 | $57,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mutualbank's 2019 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 Mutualbank'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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