Perl Mortgage, Inc. Mortgage Lending & HMDA Data, 2018
In 2018, Perl Mortgage, Inc. of Chicago, IL reported 9,950 mortgage applications totaling $2.6 billion, down 12% from 2017. The average application was for $258,596, and applicants reported an average income of $119,224. 69% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (4,066), Minneapolis-St. Paul-Bloomington, MN-WI (862) and El Paso, TX (807) (applications in parentheses).
| Mortgage Company & Address | Perl Mortgage, Inc. 2936 West Belmont Ave Chicago, IL 60618 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2006 2005 |
| Total Number of Mortgage Applications | 9,950 |
| Total Mortgage Loan Application Amount | $2,573,040,000 |
| Average Mortgage Loan Application Amount | $258,596 |
| Highest Mortgage Loan Application Amount | $2,995,000 |
| Average Applicant Income | $119,224 |
| Highest Applicant Income | $3,600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Perl Mortgage, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville-Arlington Heights, IL | 4,066 | $ 1,113,980,000 | $ 273,974 | $ 129,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 862 | $ 192,050,000 | $ 222,795 | $ 101,881 |
| El Paso, TX | 807 | $ 103,425,000 | $ 128,159 | $ 58,000 |
| Riverside-San Bernardino-Ontario, CA | 663 | $ 185,505,000 | $ 279,796 | $ 105,000 |
| Davenport-Moline-Rock Island, IA-IL | 472 | $ 78,350,000 | $ 165,995 | $ 79,707 |
| Lake County-Kenosha County, IL-WI | 412 | $ 108,590,000 | $ 263,567 | $ 127,907 |
| Los Angeles-Long Beach-Glendale, CA | 366 | $ 236,580,000 | $ 646,393 | $ 204,000 |
| Outside any metro area | 352 | $ 59,090,000 | $ 167,869 | $ 92,625 |
| Elgin, IL | 259 | $ 55,915,000 | $ 215,888 | $ 109,000 |
| Las Vegas-Henderson-Paradise, NV | 226 | $ 53,820,000 | $ 238,141 | $ 137,000 |
| Des Moines-West Des Moines, IA | 142 | $ 26,870,000 | $ 189,225 | $ 77,000 |
| Lansing-East Lansing, MI | 122 | $ 19,120,000 | $ 156,721 | $ 74,000 |
| Greenville-Anderson-Mauldin, SC | 107 | $ 20,205,000 | $ 188,831 | $ 75,000 |
| Tampa-St. Petersburg-Clearwater, FL | 100 | $ 21,700,000 | $ 217,000 | $ 105,000 |
| Anaheim-Santa Ana-Irvine, CA | 92 | $ 45,080,000 | $ 490,000 | $ 187,000 |
| Gary, IN | 84 | $ 17,600,000 | $ 209,523 | $ 106,000 |
| Milwaukee-Waukesha-West Allis, WI | 80 | $ 26,990,000 | $ 337,375 | $ 230,000 |
| Orlando-Kissimmee-Sanford, FL | 58 | $ 13,120,000 | $ 226,206 | $ 103,000 |
| San Diego-Carlsbad, CA | 49 | $ 23,345,000 | $ 476,428 | $ 160,000 |
| Phoenix-Mesa-Scottsdale, AZ | 37 | $ 11,725,000 | $ 316,891 | $ 311,000 |
| Houston-The Woodlands-Sugar Land, TX | 36 | $ 6,300,000 | $ 175,000 | $ 71,000 |
| Rockford, IL | 27 | $ 4,035,000 | $ 149,444 | $ 77,000 |
| Spartanburg, SC | 27 | $ 5,295,000 | $ 196,111 | $ 85,000 |
| Denver-Aurora-Lakewood, CO | 22 | $ 7,820,000 | $ 355,454 | $ 177,000 |
| Naples-Immokalee-Marco Island, FL | 22 | $ 5,880,000 | $ 267,272 | $ 145,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 19 | $ 9,265,000 | $ 487,631 | $ 191,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 18 | $ 8,560,000 | $ 475,555 | $ 256,000 |
| Amarillo, TX | 17 | $ 2,375,000 | $ 139,705 | $ 75,000 |
| St. Cloud, MN | 16 | $ 2,200,000 | $ 137,500 | $ 58,000 |
| Warren-Troy-Farmington Hills, MI | 16 | $ 4,100,000 | $ 256,250 | $ 121,000 |
| Indianapolis-Carmel-Anderson, IN | 15 | $ 4,025,000 | $ 268,333 | $ 155,000 |
| North Port-Sarasota-Bradenton, FL | 15 | $ 3,075,000 | $ 205,000 | $ 124,000 |
| Cape Coral-Fort Myers, FL | 14 | $ 3,360,000 | $ 240,000 | $ 164,000 |
| Niles-Benton Harbor, MI | 14 | $ 4,150,000 | $ 296,428 | $ 294,000 |
| Las Cruces, NM | 12 | $ 2,440,000 | $ 203,333 | $ 68,000 |
| Miami-Miami Beach-Kendall, FL | 12 | $ 6,620,000 | $ 551,666 | $ 738,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 11 | $ 3,165,000 | $ 287,727 | $ 228,000 |
| St. Louis, MO-IL | 10 | $ 1,170,000 | $ 117,000 | $ 65,200 |
| Ames, IA | 9 | $ 1,595,000 | $ 177,222 | $ 83,000 |
| Grand Rapids-Wyoming, MI | 8 | $ 1,300,000 | $ 162,500 | $ 57,000 |
| Stockton-Lodi, CA | 8 | $ 2,710,000 | $ 338,750 | $ 103,000 |
| Kankakee, IL | 7 | $ 755,000 | $ 107,857 | $ 57,000 |
| Ann Arbor, MI | 6 | $ 1,900,000 | $ 316,666 | $ 147,000 |
| Killeen-Temple, TX | 6 | $ 890,000 | $ 148,333 | $ 70,000 |
| Lake Havasu City-Kingman, AZ | 6 | $ 1,350,000 | $ 225,000 | $ 337,000 |
| Austin-Round Rock, TX | 5 | $ 1,655,000 | $ 331,000 | $ 155,000 |
| Columbus, OH | 5 | $ 2,115,000 | $ 423,000 | $ 263,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 1,705,000 | $ 341,000 | $ 125,000 |
| Kalamazoo-Portage, MI | 5 | $ 1,185,000 | $ 237,000 | $ 203,000 |
| Lakeland-Winter Haven, FL | 5 | $ 905,000 | $ 181,000 | $ 71,000 |
| Michigan City-La Porte, IN | 5 | $ 1,755,000 | $ 351,000 | $ 433,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 5 | $ 1,585,000 | $ 317,000 | $ 85,000 |
| Omaha-Council Bluffs, NE-IA | 5 | $ 545,000 | $ 109,000 | $ 288,000 |
| Palm Bay-Melbourne-Titusville, FL | 5 | $ 1,195,000 | $ 239,000 | $ 180,000 |
| Tacoma-Lakewood, WA | 5 | $ 1,495,000 | $ 299,000 | $ 332,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 5 | $ 2,115,000 | $ 423,000 | $ 215,600 |
| Waterloo-Cedar Falls, IA | 5 | $ 515,000 | $ 103,000 | $ 92,000 |
| Atlanta-Sandy Springs-Roswell, GA | 4 | $ 1,160,000 | $ 290,000 | $ 147,000 |
| Bloomington, IL | 4 | $ 620,000 | $ 155,000 | $ 135,000 |
| Fort Collins, CO | 4 | $ 1,160,000 | $ 290,000 | $ 71,000 |
| Port St. Lucie, FL | 4 | $ 970,000 | $ 242,500 | $ 103,000 |
| Racine, WI | 4 | $ 560,000 | $ 140,000 | $ 103,000 |
| Spokane-Spokane Valley, WA | 4 | $ 1,240,000 | $ 310,000 | $ 206,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 3 | $ 1,055,000 | $ 351,666 | $ 150,000 |
| Bakersfield, CA | 3 | $ 785,000 | $ 261,666 | $ 138,000 |
| Cedar Rapids, IA | 3 | $ 765,000 | $ 255,000 | $ 217,000 |
| Champaign-Urbana, IL | 3 | $ 565,000 | $ 188,333 | $ 153,000 |
| Cleveland-Elyria, OH | 3 | $ 465,000 | $ 155,000 | $ 81,000 |
| Colorado Springs, CO | 3 | $ 525,000 | $ 175,000 | $ 63,000 |
| Madison, WI | 3 | $ 1,275,000 | $ 425,000 | $ 172,000 |
| Oakland-Hayward-Berkeley, CA | 3 | $ 1,735,000 | $ 578,333 | $ 187,000 |
| Punta Gorda, FL | 3 | $ 575,000 | $ 191,666 | $ 87,000 |
| San Antonio-New Braunfels, TX | 3 | $ 925,000 | $ 308,333 | $ 101,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 3 | $ 1,025,000 | $ 341,666 | $ 243,000 |
| South Bend-Mishawaka, IN-MI | 3 | $ 815,000 | $ 271,666 | $ 167,666 |
| Toledo, OH | 3 | $ 545,000 | $ 181,666 | $ 191,000 |
| Boston, MA | 2 | $ 1,650,000 | $ 825,000 | $ 291,000 |
| Boulder, CO | 2 | $ 640,000 | $ 320,000 | $ 137,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 930,000 | $ 465,000 | $ 245,000 |
| Columbia, SC | 2 | $ 560,000 | $ 280,000 | $ 99,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 420,000 | $ 210,000 | $ 69,000 |
| Dallas-Plano-Irving, TX | 2 | $ 640,000 | $ 320,000 | $ 82,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 470,000 | $ 235,000 | $ 152,000 |
| Dubuque, IA | 2 | $ 420,000 | $ 210,000 | $ 94,000 |
| Duluth, MN-WI | 2 | $ 320,000 | $ 160,000 | $ 58,000 |
| Flint, MI | 2 | $ 170,000 | $ 85,000 | $ 101,000 |
| Fort Worth-Arlington, TX | 2 | $ 300,000 | $ 150,000 | $ 158,000 |
| Iowa City, IA | 2 | $ 280,000 | $ 140,000 | $ 155,000 |
| Jacksonville, FL | 2 | $ 1,180,000 | $ 590,000 | $ 398,000 |
| Janesville-Beloit, WI | 2 | $ 340,000 | $ 170,000 | $ 78,000 |
| Kansas City, MO-KS | 2 | $ 630,000 | $ 315,000 | $ 115,000 |
| Knoxville, TN | 2 | $ 280,000 | $ 140,000 | $ 173,000 |
| Little Rock-North Little Rock-Conway, AR | 2 | $ 380,000 | $ 190,000 | $ 116,000 |
| Midland, TX | 2 | $ 810,000 | $ 405,000 | $ 98,000 |
| Napa, CA | 2 | $ 1,100,000 | $ 550,000 | $ 187,000 |
| Ogden-Clearfield, UT | 2 | $ 440,000 | $ 220,000 | $ 125,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 2 | $ 910,000 | $ 455,000 | $ 130,000 |
| Redding, CA | 2 | $ 470,000 | $ 235,000 | $ 79,000 |
| Rochester, MN | 2 | $ 550,000 | $ 275,000 | $ 83,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 1,620,000 | $ 810,000 | $ 425,000 |
| Santa Rosa, CA | 2 | $ 1,510,000 | $ 755,000 | $ 214,000 |
| Sumter, SC | 2 | $ 370,000 | $ 185,000 | $ 77,000 |
| Terre Haute, IN | 2 | $ 250,000 | $ 125,000 | $ 99,000 |
| Tucson, AZ | 2 | $ 2,190,000 | $ 1,095,000 | $ 476,000 |
| Albuquerque, NM | 1 | $ 545,000 | $ 545,000 | $ 298,000 |
| Appleton, WI | 1 | $ 205,000 | $ 205,000 | $ 170,000 |
| Battle Creek, MI | 1 | $ 125,000 | $ 125,000 | $ 53,000 |
| Canton-Massillon, OH | 1 | $ 315,000 | $ 315,000 | $ 146,000 |
| Charlottesville, VA | 1 | $ 945,000 | $ 945,000 | $ 365,000 |
| Chattanooga, TN-GA | 1 | $ 65,000 | $ 65,000 | $ 78,000 |
| Cincinnati, OH-KY-IN | 1 | $ 105,000 | $ 105,000 | $ 68,000 |
| Danville, IL | 1 | $ 85,000 | $ 85,000 | $ 80,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 45,000 | $ 45,000 | $ 110,000 |
| Eau Claire, WI | 1 | $ 75,000 | $ 75,000 | $ 77,000 |
| Eugene, OR | 1 | $ 125,000 | $ 125,000 | $ 31,000 |
| Fond Du Lac, WI | 1 | $ 205,000 | $ 205,000 | $ 140,000 |
| Fort Wayne, IN | 1 | $ 185,000 | $ 185,000 | $ 283,000 |
| Fresno, CA | 1 | $ 265,000 | $ 265,000 | $ 95,000 |
| Homosassa Springs, FL | 1 | $ 205,000 | $ 205,000 | $ 51,000 |
| Jackson, MI | 1 | $ 105,000 | $ 105,000 | $ 39,000 |
| Jackson, TN | 1 | $ 115,000 | $ 115,000 | $ 27,000 |
| Kennewick-Richland, WA | 1 | $ 235,000 | $ 235,000 | $ 75,000 |
| Longview, WA | 1 | $ 275,000 | $ 275,000 | $ 137,000 |
| Modesto, CA | 1 | $ 285,000 | $ 285,000 | $ 114,000 |
| Panama City, FL | 1 | $ 135,000 | $ 135,000 | $ 165,000 |
| Peoria, IL | 1 | $ 85,000 | $ 85,000 | $ 30,000 |
| Prescott, AZ | 1 | $ 275,000 | $ 275,000 | $ 107,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 1,205,000 | $ 1,205,000 | $ 288,000 |
| San Rafael, CA | 1 | $ 465,000 | $ 465,000 | $ 228,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 605,000 | $ 605,000 | $ 135,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 595,000 | $ 595,000 | $ 928,000 |
| Sebastian-Vero Beach, FL | 1 | $ 175,000 | $ 175,000 | $ 325,000 |
| Sierra Vista-Douglas, AZ | 1 | $ 175,000 | $ 175,000 | $ 68,000 |
| Silver Spring-Frederick-Rockville, MD | 1 | $ 1,005,000 | $ 1,005,000 | $ 380,000 |
| The Villages, FL | 1 | $ 305,000 | $ 305,000 | $ 117,000 |
| Vallejo-Fairfield, CA | 1 | $ 315,000 | $ 315,000 | $ 126,000 |
Mortgage Loan Application Detail Totals for Perl Mortgage, Inc. in 2018
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 | 7,844 | $2,016,770,000 | $257,000 | $2,995,000 | $115,000 | $3,387,000 |
| Refinancing | 1,212 | $332,460,000 | $274,000 | $2,725,000 | $138,000 | $2,700,000 |
| Cash-out Refinancing | 890 | $222,900,000 | $250,000 | $2,405,000 | $131,000 | $3,600,000 |
| Home Improvement | 4 | $910,000 | $227,000 | $285,000 | $95,000 | $170,000 |
| 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 | 7,007 | $1,889,485,000 | $269,000 | $2,995,000 | $127,000 | $2,700,000 |
| Hispanic | 1,548 | $280,620,000 | $181,000 | $1,575,000 | $71,000 | $492,000 |
| Black or African American | 482 | $102,630,000 | $212,000 | $1,335,000 | $99,000 | $1,566,000 |
| Not Provided | 444 | $143,220,000 | $322,000 | $1,705,000 | $147,000 | $3,387,000 |
| Asian | 442 | $150,510,000 | $340,000 | $1,975,000 | $155,000 | $2,700,000 |
| American Indian or Alaskan Native | 14 | $3,990,000 | $285,000 | $1,505,000 | $336,000 | $3,600,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,230,000 | $307,000 | $395,000 | $93,000 | $132,000 |
| 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) | 7,303 | $2,019,925,000 | $276,000 | $2,995,000 | $136,000 | $3,600,000 |
| FHA-insured (Federal Housing Administration) | 2,010 | $398,430,000 | $198,000 | $715,000 | $73,000 | $378,000 |
| VA-guaranteed (Veterans Administration) | 528 | $138,020,000 | $261,000 | $1,215,000 | $86,000 | $349,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 109 | $16,665,000 | $152,000 | $345,000 | $53,000 | $106,000 |
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 | 6,836 | $1,747,650,000 | $255,000 | $2,485,000 | $117,000 | $3,387,000 |
| Application Denied By Financial Institution | 1,808 | $490,420,000 | $271,000 | $2,995,000 | $124,000 | $2,700,000 |
| Application Withdrawn By Applicant | 1,165 | $295,845,000 | $253,000 | $2,005,000 | $127,000 | $3,600,000 |
| Preapproval Approved but not Accepted | 64 | $20,550,000 | $321,000 | $1,035,000 | $114,000 | $380,000 |
| Application Approved But Not Accepted | 60 | $15,220,000 | $253,000 | $1,135,000 | $162,000 | $3,236,000 |
| Preapproval Denied by Financial Institution | 17 | $3,355,000 | $197,000 | $365,000 | $61,000 | $130,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 8,125 | $2,079,265,000 | $255,000 | $2,485,000 | $118,000 | $3,600,000 |
| Credit Application Incomplete | 1,437 | $399,805,000 | $278,000 | $2,995,000 | $127,000 | $2,700,000 |
| Collateral | 117 | $28,835,000 | $246,000 | $1,365,000 | $131,000 | $1,432,000 |
| Debt-To-Income Ratio | 86 | $23,550,000 | $273,000 | $2,405,000 | $77,000 | $252,000 |
| Credit History | 76 | $15,630,000 | $205,000 | $785,000 | $99,000 | $310,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 42 | $11,510,000 | $274,000 | $2,305,000 | $113,000 | $462,000 |
| Other | 33 | $7,005,000 | $212,000 | $785,000 | $166,000 | $2,668,000 |
| Unverifiable Information | 20 | $5,280,000 | $264,000 | $835,000 | $95,000 | $273,000 |
| Employment History | 14 | $2,160,000 | $154,000 | $375,000 | $87,000 | $524,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Perl Mortgage, Inc.'s 2018 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 Perl Mortgage, 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.
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