Proper Rate, LLC Mortgage Lending & HMDA Data, 2022

In 2022, Proper Rate, LLC of Chicago, IL reported 2,928 mortgage applications totaling $1.2 billion, down 47% from 2021. The average application was for $419,409, and applicants reported an average income of $192,265. 67% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Chicago-Naperville, IL (2,008), Lake County-Kenosha County, IL-WI (272) and Elgin, IL (100) (applications in parentheses).

Mortgage Company & Address Proper Rate, LLC
1800 W Larchmont Ave
Chicago, IL 60613
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  
Total Number of Mortgage Applications 2,928
Total Mortgage Loan Application Amount $1,228,030,000
Average Mortgage Loan Application Amount $419,409
Highest Mortgage Loan Application Amount $2,965,000
Average Applicant Income $192,265
Highest Applicant Income $4,630,000

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Act (HMDA) records Proper Rate, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Mortgage Loan Application Totals for Proper Rate, LLC by County in 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cook, Illinois 1,648 $ 721,430,000 $ 437,760 $ 190,000
Lake, Illinois 260 $ 107,050,000 $ 411,730 $ 193,000
DuPage, Illinois 246 $ 108,390,000 $ 440,609 $ 204,000
Kane, Illinois 76 $ 25,810,000 $ 339,605 $ 166,000
Lake, Indiana 75 $ 17,565,000 $ 234,200 $ 93,000
Berrien, Michigan 57 $ 18,745,000 $ 328,859 $ 168,000
McHenry, Illinois 56 $ 16,360,000 $ 292,142 $ 120,000
Will, Illinois 53 $ 17,495,000 $ 330,094 $ 132,000
LaPorte, Indiana 23 $ 7,135,000 $ 310,217 $ 145,000
Kendall, Illinois 20 $ 4,810,000 $ 240,500 $ 101,000
Porter, Indiana 18 $ 6,540,000 $ 363,333 $ 139,000
Walworth, Wisconsin 18 $ 5,680,000 $ 315,555 $ 227,000
Milwaukee, Wisconsin 15 $ 4,915,000 $ 327,666 $ 202,000
Denver, Colorado 14 $ 9,900,000 $ 707,142 $ 312,000
Kenosha, Wisconsin 12 $ 3,900,000 $ 325,000 $ 128,000
Maricopa, Arizona 11 $ 9,125,000 $ 829,545 $ 1,860,000
Jefferson, Colorado 11 $ 4,435,000 $ 403,181 $ 149,000
Dallas, Texas 11 $ 795,000 $ 72,272 $ 108,000
McCurtain, Oklahoma 9 $ 6,355,000 $ 706,111 $ 111,000
Douglas, Colorado 7 $ 4,595,000 $ 656,428 $ 203,000
Hillsborough, Florida 7 $ 3,515,000 $ 502,142 $ 174,000
Marion, Indiana 7 $ 3,915,000 $ 559,285 $ 194,000
Butler, Ohio 7 $ 1,265,000 $ 180,714 $ 206,000
Fulton, Georgia 6 $ 5,600,000 $ 933,333 $ 386,000
Arapahoe, Colorado 5 $ 2,885,000 $ 577,000 $ 170,000
Broward, Florida 5 $ 2,945,000 $ 589,000 $ 228,000
Lee, Florida 5 $ 2,245,000 $ 449,000 $ 324,000
Chatham, Georgia 5 $ 1,565,000 $ 313,000 $ 270,000
Grundy, Illinois 5 $ 1,075,000 $ 215,000 $ 75,000
Allegan, Michigan 5 $ 2,545,000 $ 509,000 $ 368,000
Citrus, Florida 4 $ 1,070,000 $ 267,500 $ 143,000
Collier, Florida 4 $ 2,360,000 $ 590,000 $ 476,000
Manatee, Florida 4 $ 1,650,000 $ 412,500 $ 180,000
Palm Beach, Florida 4 $ 3,560,000 $ 890,000 $ 515,000
DeKalb, Illinois 4 $ 690,000 $ 172,500 $ 57,000
Winnebago, Illinois 4 $ 1,170,000 $ 292,500 $ 162,000
Hamilton, Indiana 4 $ 1,680,000 $ 420,000 $ 147,000
Brazoria, Texas 4 $ 1,110,000 $ 277,500 $ 130,000
Harris, Texas 4 $ 1,740,000 $ 435,000 $ 166,000
Los Angeles, California 3 $ 2,085,000 $ 695,000 $ 173,000
San Diego, California 3 $ 2,735,000 $ 911,666 $ 350,000
Boulder, Colorado 3 $ 2,675,000 $ 891,666 $ 319,000
Larimer, Colorado 3 $ 1,055,000 $ 351,666 $ 100,000
Marion, Florida 3 $ 945,000 $ 315,000 $ 101,000
Cobb, Georgia 3 $ 1,585,000 $ 528,333 $ 212,000
Denton, Texas 3 $ 1,335,000 $ 445,000 $ 170,000
Sheboygan, Wisconsin 3 $ 2,495,000 $ 831,666 $ 431,000
Pima, Arizona 2 $ 420,000 $ 210,000 $ 301,000
Riverside, California 2 $ 970,000 $ 485,000 $ 193,000
San Bernardino, California 2 $ 1,010,000 $ 505,000 $ 201,000
Eagle, Colorado 2 $ 1,580,000 $ 790,000 $ 282,000
Charlotte, Florida 2 $ 910,000 $ 455,000 $ 235,000
Orange, Florida 2 $ 2,540,000 $ 1,270,000 $ 412,000
Pasco, Florida 2 $ 940,000 $ 470,000 $ 136,000
Sarasota, Florida 2 $ 580,000 $ 290,000 $ 315,000
Walton, Florida 2 $ 1,770,000 $ 885,000 $ 298,000
Lowndes, Georgia 2 $ 880,000 $ 440,000 $ 114,000
Bureau, Illinois 2 $ 320,000 $ 160,000 $ 95,000
Henry, Illinois 2 $ 530,000 $ 265,000 $ 116,000
Jo Daviess, Illinois 2 $ 300,000 $ 150,000 $ 270,000
Livingston, Illinois 2 $ 160,000 $ 80,000 $ 42,000
McLean, Illinois 2 $ 570,000 $ 285,000 $ 106,000
Kosciusko, Indiana 2 $ 430,000 $ 215,000 $ 126,000
St. Joseph, Indiana 2 $ 350,000 $ 175,000 $ 158,000
Starke, Indiana 2 $ 390,000 $ 195,000 $ 77,000
Kalamazoo, Michigan 2 $ 730,000 $ 365,000 $ 157,000
Kent, Michigan 2 $ 910,000 $ 455,000 $ 296,000
Oakland, Michigan 2 $ 790,000 $ 395,000 $ 158,000
St. Joseph, Michigan 2 $ 700,000 $ 350,000 $ 229,000
Washtenaw, Michigan 2 $ 580,000 $ 290,000 $ 144,000
Wayne, Michigan 2 $ 590,000 $ 295,000 $ 195,000
Buncombe, North Carolina 2 $ 740,000 $ 370,000 $ 383,000
Mecklenburg, North Carolina 2 $ 2,070,000 $ 1,035,000 $ 346,000
Anderson, South Carolina 2 $ 310,000 $ 155,000 $ 31,000
Charleston, South Carolina 2 $ 1,620,000 $ 810,000 $ 206,000
Blount, Tennessee 2 $ 690,000 $ 345,000 $ 125,000
Collin, Texas 2 $ 1,080,000 $ 540,000 $ 206,000
Erath, Texas 2 $ 770,000 $ 385,000 $ 104,000
Nueces, Texas 2 $ 260,000 $ 130,000 $ 89,000
Travis, Texas 2 $ 1,050,000 $ 525,000 $ 332,000
Williamson, Texas 2 $ 1,100,000 $ 550,000 $ 131,000
Dane, Wisconsin 2 $ 680,000 $ 340,000 $ 152,000
Door, Wisconsin 2 $ 490,000 $ 245,000 $ 84,000
Ozaukee, Wisconsin 2 $ 1,370,000 $ 685,000 $ 276,000
Racine, Wisconsin 2 $ 350,000 $ 175,000 $ 78,000
Contra Costa, California 1 $ 615,000 $ 615,000 $ 303,000
Marin, California 1 $ 1,745,000 $ 1,745,000 $ 462,000
Orange, California 1 $ 975,000 $ 975,000 $ 477,000
Santa Clara, California 1 $ 645,000 $ 645,000 $ 244,000
Ventura, California 1 $ 175,000 $ 175,000 $ 82,000
El Paso, Colorado 1 $ 365,000 $ 365,000 $ 75,000
Gunnison, Colorado 1 $ 275,000 $ 275,000 $ 85,000
Brevard, Florida 1 $ 645,000 $ 645,000 $ 201,000
Flagler, Florida 1 $ 245,000 $ 245,000 $ 242,000
Lake, Florida 1 $ 95,000 $ 95,000 $ 32,000
Leon, Florida 1 $ 275,000 $ 275,000 $ 68,000
Martin, Florida 1 $ 1,925,000 $ 1,925,000 $ 600,000
Okaloosa, Florida 1 $ 645,000 $ 645,000 $ 317,000
Osceola, Florida 1 $ 305,000 $ 305,000 $ 240,000
Pinellas, Florida 1 $ 365,000 $ 365,000 $ 120,000
Polk, Florida 1 $ 335,000 $ 335,000 $ 112,000
Seminole, Florida 1 $ 605,000 $ 605,000 $ 160,000
St. Johns, Florida 1 $ 455,000 $ 455,000 $ 237,000
St. Lucie, Florida 1 $ 495,000 $ 495,000 $ 244,000
Sumter, Florida 1 $ 425,000 $ 425,000 $ 156,000
Bibb, Georgia 1 $ 95,000 $ 95,000 $ 21,000
Forsyth, Georgia 1 $ 205,000 $ 205,000 $ 132,000
Hall, Georgia 1 $ 245,000 $ 245,000 $ 68,000
Jackson, Georgia 1 $ 265,000 $ 265,000 $ 55,000
Boone, Illinois 1 $ 285,000 $ 285,000 $ 190,000
Fulton, Illinois 1 $ 355,000 $ 355,000 $ 204,000
LaSalle, Illinois 1 $ 105,000 $ 105,000 $ 42,000
Logan, Illinois 1 $ 175,000 $ 175,000 $ 48,000
Macon, Illinois 1 $ 145,000 $ 145,000 $ 91,000
Madison, Illinois 1 $ 735,000 $ 735,000 $ 606,000
Monroe, Illinois 1 $ 425,000 $ 425,000 $ 135,000
Peoria, Illinois 1 $ 95,000 $ 95,000 $ 75,000
Sangamon, Illinois 1 $ 245,000 $ 245,000 $ 205,000
St. Clair, Illinois 1 $ 295,000 $ 295,000 $ 160,000
Woodford, Illinois 1 $ 305,000 $ 305,000 $ 352,000
Allen, Indiana 1 $ 75,000 $ 75,000 $ 101,000
Bartholomew, Indiana 1 $ 225,000 $ 225,000 $ 232,000
Hendricks, Indiana 1 $ 105,000 $ 105,000 $ 92,000
Newton, Indiana 1 $ 255,000 $ 255,000 $ 87,000
Wells, Indiana 1 $ 85,000 $ 85,000 $ 91,000
Scott, Iowa 1 $ 325,000 $ 325,000 $ 384,000
Shawnee, Kansas 1 $ 315,000 $ 315,000 $ 77,000
Cass, Michigan 1 $ 975,000 $ 975,000 $ 545,000
Lake, Michigan 1 $ 205,000 $ 205,000 $ 197,000
Lenawee, Michigan 1 $ 265,000 $ 265,000 $ 185,000
Mason, Michigan 1 $ 565,000 $ 565,000 $ 359,000
Muskegon, Michigan 1 $ 295,000 $ 295,000 $ 121,000
Ottawa, Michigan 1 $ 475,000 $ 475,000 $ 169,000
Van Buren, Michigan 1 $ 125,000 $ 125,000 $ 243,000
Dakota, Minnesota 1 $ 155,000 $ 155,000 $ 26,000
Olmsted, Minnesota 1 $ 175,000 $ 175,000 $ 34,000
Washington, Minnesota 1 $ 535,000 $ 535,000 $ 178,000
Jackson, Missouri 1 $ 645,000 $ 645,000 $ 250,000
St. Louis City, Missouri 1 $ 905,000 $ 905,000 $ 219,000
Brunswick, North Carolina 1 $ 425,000 $ 425,000 $ 173,000
Craven, North Carolina 1 $ 155,000 $ 155,000 $ 39,000
Durham, North Carolina 1 $ 405,000 $ 405,000 $ 160,000
Onslow, North Carolina 1 $ 165,000 $ 165,000 $ 49,000
Delaware, Ohio 1 $ 585,000 $ 585,000 $ 275,000
Geauga, Ohio 1 $ 365,000 $ 365,000 $ 182,000
Hamilton, Ohio 1 $ 255,000 $ 255,000 $ 83,000
Lorain, Ohio 1 $ 555,000 $ 555,000 $ 250,000
Kershaw, South Carolina 1 $ 315,000 $ 315,000 $ 138,000
Lancaster, South Carolina 1 $ 905,000 $ 905,000 $ 344,000
Cumberland, Tennessee 1 $ 325,000 $ 325,000 $ 123,000
Davidson, Tennessee 1 $ 295,000 $ 295,000 $ 51,000
Hamilton, Tennessee 1 $ 405,000 $ 405,000 $ 91,000
Knox, Tennessee 1 $ 465,000 $ 465,000 $ 217,000
Loudon, Tennessee 1 $ 165,000 $ 165,000 $ 24,000
Robertson, Tennessee 1 $ 265,000 $ 265,000 $ 134,000
Rutherford, Tennessee 1 $ 335,000 $ 335,000 $ 100,000
Sevier, Tennessee 1 $ 495,000 $ 495,000 $ 603,000
Shelby, Tennessee 1 $ 445,000 $ 445,000 $ 180,000
Sumner, Tennessee 1 $ 645,000 $ 645,000 $ 158,000
Warren, Tennessee 1 $ 245,000 $ 245,000 $ 67,000
Wilson, Tennessee 1 $ 805,000 $ 805,000 $ 329,000
Bastrop, Texas 1 $ 355,000 $ 355,000 $ 99,000
Bexar, Texas 1 $ 165,000 $ 165,000 $ 0
Comanche, Texas 1 $ 175,000 $ 175,000 $ 72,000
Grayson, Texas 1 $ 285,000 $ 285,000 $ 93,000
Lamar, Texas 1 $ 335,000 $ 335,000 $ 78,000
Montgomery, Texas 1 $ 565,000 $ 565,000 $ 396,000
Randall, Texas 1 $ 245,000 $ 245,000 $ 46,000
Smith, Texas 1 $ 105,000 $ 105,000 $ 61,000
Tarrant, Texas 1 $ 745,000 $ 745,000 $ 185,000
Wise, Texas 1 $ 895,000 $ 895,000 $ 471,000
Brown, Wisconsin 1 $ 185,000 $ 185,000 $ 60,000
Langlade, Wisconsin 1 $ 185,000 $ 185,000 $ 464,000
Manitowoc, Wisconsin 1 $ 85,000 $ 85,000 $ 197,000
Outagamie, Wisconsin 1 $ 265,000 $ 265,000 $ 88,000
Sauk, Wisconsin 1 $ 325,000 $ 325,000 $ 124,000
Vilas, Wisconsin 1 $ 685,000 $ 685,000 $ 675,000
Waukesha, Wisconsin 1 $ 445,000 $ 445,000 $ 138,000

Mortgage Loan Application Detail Totals for Proper Rate, LLC 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 2,454 $1,039,940,000 $423,000 $2,765,000 $191,000 $4,630,000
Cash-out Refinancing 247 $95,465,000 $386,000 $2,965,000 $206,000 $4,630,000
Refinancing 227 $92,625,000 $408,000 $1,805,000 $191,000 $902,000
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 2,086 $889,190,000 $426,000 $2,965,000 $197,000 $4,630,000
Not Provided 334 $148,920,000 $445,000 $2,645,000 $198,000 $1,480,000
Hispanic 180 $56,750,000 $315,000 $1,255,000 $142,000 $721,000
Asian 167 $72,665,000 $435,000 $1,925,000 $194,000 $916,000
Black or African American 98 $33,650,000 $343,000 $2,285,000 $143,000 $686,000
American Indian or Alaskan Native 15 $5,635,000 $375,000 $705,000 $222,000 $765,000
Not applicable 3 $1,015,000 $338,000 $605,000 $0 $0
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) 2,735 $1,167,385,000 $426,000 $2,965,000 $198,000 $4,630,000
FHA-insured (Federal Housing Administration) 124 $35,190,000 $283,000 $745,000 $97,000 $392,000
VA-guaranteed (Veterans Administration) 69 $25,455,000 $368,000 $805,000 $124,000 $329,000
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 1,957 $816,635,000 $417,000 $2,775,000 $186,000 $4,535,000
Application Withdrawn By Applicant 848 $363,850,000 $429,000 $2,645,000 $215,000 $4,630,000
Application Denied By Financial Institution 88 $31,490,000 $357,000 $2,405,000 $128,000 $673,000
Application Approved But Not Accepted 17 $5,575,000 $327,000 $615,000 $146,000 $265,000
File Closed For Incompleteness 13 $8,845,000 $680,000 $2,965,000 $212,000 $708,000
Loan Purchased By The Institution 3 $1,015,000 $338,000 $605,000 $0 $0
Preapproval Approved but not Accepted 1 $365,000 $365,000 $365,000 $90,000 $90,000
Preapproval Denied by Financial Institution 1 $255,000 $255,000 $255,000 $81,000 $81,000

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 2,839 $1,196,285,000 $421,000 $2,965,000 $194,000 $4,630,000
Debt-To-Income Ratio 40 $14,790,000 $369,000 $2,405,000 $108,000 $673,000
Collateral 16 $4,380,000 $273,000 $645,000 $153,000 $498,000
Credit History 16 $5,230,000 $326,000 $1,395,000 $140,000 $523,000
Unverifiable Information 7 $3,425,000 $489,000 $1,105,000 $155,000 $360,000
Employment History 5 $1,935,000 $387,000 $755,000 $121,000 $232,000
Other 3 $1,465,000 $488,000 $895,000 $182,000 $364,000
Credit Application Incomplete 1 $145,000 $145,000 $145,000 $45,000 $45,000
Insufficient Cash (Downpayment, Closing Cost) 1 $375,000 $375,000 $375,000 $113,000 $113,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Proper Rate, LLC'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 Proper Rate, LLC'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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