Proper Rate, LLC Mortgage Lending & HMDA Data, 2024
In 2024, Proper Rate, LLC of Chicago, IL reported 2,540 mortgage applications totaling $1.2 billion, up 19% from 2023. The average application was for $457,035, and applicants reported an average income of $225,171. 66% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Chicago-Naperville, IL (1,903), Lake County-Kenosha County, IL-WI (155) and Lake County-Porter County-Jasper County, IN (70) (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 | 2,540 |
| Total Mortgage Loan Application Amount | $1,160,870,000 |
| Average Mortgage Loan Application Amount | $457,035 |
| Highest Mortgage Loan Application Amount | $3,005,000 |
| Average Applicant Income | $225,171 |
| Highest Applicant Income | $7,179,000 |
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Act (HMDA) records Proper Rate, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cook, Illinois | 1,585 | $ 711,575,000 | $ 448,943 | $ 219,000 |
| DuPage, Illinois | 213 | $ 107,485,000 | $ 504,624 | $ 257,000 |
| Lake, Illinois | 155 | $ 74,465,000 | $ 480,419 | $ 258,000 |
| Will, Illinois | 69 | $ 27,605,000 | $ 400,072 | $ 189,000 |
| Berrien, Michigan | 47 | $ 18,885,000 | $ 401,808 | $ 270,000 |
| Kane, Illinois | 45 | $ 15,815,000 | $ 351,444 | $ 170,000 |
| Lake, Indiana | 43 | $ 10,615,000 | $ 246,860 | $ 122,000 |
| Santa Clara, California | 40 | $ 38,290,000 | $ 957,250 | $ 335,000 |
| McHenry, Illinois | 31 | $ 8,205,000 | $ 264,677 | $ 122,000 |
| Porter, Indiana | 25 | $ 8,195,000 | $ 327,800 | $ 144,000 |
| LaPorte, Indiana | 20 | $ 7,800,000 | $ 390,000 | $ 301,000 |
| San Joaquin, California | 18 | $ 5,940,000 | $ 330,000 | $ 124,000 |
| Jefferson, Colorado | 13 | $ 9,875,000 | $ 759,615 | $ 286,000 |
| Milwaukee, Wisconsin | 13 | $ 4,255,000 | $ 327,307 | $ 207,000 |
| Walworth, Wisconsin | 12 | $ 7,380,000 | $ 615,000 | $ 445,000 |
| Alameda, California | 10 | $ 6,260,000 | $ 626,000 | $ 245,000 |
| Kendall, Illinois | 8 | $ 2,810,000 | $ 351,250 | $ 138,000 |
| Santa Cruz, California | 7 | $ 7,105,000 | $ 1,015,000 | $ 404,000 |
| Arapahoe, Colorado | 7 | $ 2,575,000 | $ 367,857 | $ 178,000 |
| Maricopa, Arizona | 5 | $ 2,635,000 | $ 527,000 | $ 273,000 |
| San Mateo, California | 5 | $ 4,605,000 | $ 921,000 | $ 271,000 |
| Denver, Colorado | 5 | $ 3,305,000 | $ 661,000 | $ 359,000 |
| Grundy, Illinois | 5 | $ 1,755,000 | $ 351,000 | $ 191,000 |
| San Benito, California | 4 | $ 1,690,000 | $ 422,500 | $ 147,000 |
| Cuyahoga, Ohio | 4 | $ 1,280,000 | $ 320,000 | $ 163,000 |
| Williamson, Texas | 4 | $ 1,740,000 | $ 435,000 | $ 244,000 |
| Dane, Wisconsin | 4 | $ 1,540,000 | $ 385,000 | $ 128,000 |
| Contra Costa, California | 3 | $ 1,085,000 | $ 361,666 | $ 116,000 |
| Napa, California | 3 | $ 1,255,000 | $ 418,333 | $ 158,000 |
| San Diego, California | 3 | $ 1,835,000 | $ 611,666 | $ 543,000 |
| DeKalb, Illinois | 3 | $ 625,000 | $ 208,333 | $ 91,000 |
| Hamilton, Indiana | 3 | $ 1,785,000 | $ 595,000 | $ 299,000 |
| Davidson, Tennessee | 3 | $ 1,085,000 | $ 361,666 | $ 300,000 |
| Knox, Tennessee | 3 | $ 1,295,000 | $ 431,666 | $ 160,000 |
| Racine, Wisconsin | 3 | $ 1,665,000 | $ 555,000 | $ 525,000 |
| Los Angeles, California | 2 | $ 2,810,000 | $ 1,405,000 | $ 481,000 |
| Merced, California | 2 | $ 340,000 | $ 170,000 | $ 64,000 |
| Monterey, California | 2 | $ 1,530,000 | $ 765,000 | $ 155,000 |
| Nevada, California | 2 | $ 2,150,000 | $ 1,075,000 | $ 589,000 |
| Sacramento, California | 2 | $ 430,000 | $ 215,000 | $ 109,000 |
| Sonoma, California | 2 | $ 1,850,000 | $ 925,000 | $ 244,000 |
| Adams, Colorado | 2 | $ 1,210,000 | $ 605,000 | $ 180,000 |
| Larimer, Colorado | 2 | $ 1,190,000 | $ 595,000 | $ 327,000 |
| Collier, Florida | 2 | $ 1,460,000 | $ 730,000 | $ 330,000 |
| Lee, Florida | 2 | $ 590,000 | $ 295,000 | $ 228,000 |
| Pinellas, Florida | 2 | $ 490,000 | $ 245,000 | $ 31,000 |
| Sarasota, Florida | 2 | $ 1,410,000 | $ 705,000 | $ 295,000 |
| McLean, Illinois | 2 | $ 610,000 | $ 305,000 | $ 393,000 |
| Winnebago, Illinois | 2 | $ 330,000 | $ 165,000 | $ 87,000 |
| Jasper, Indiana | 2 | $ 560,000 | $ 280,000 | $ 89,000 |
| White, Indiana | 2 | $ 720,000 | $ 360,000 | $ 185,000 |
| Pottawattamie, Iowa | 2 | $ 1,020,000 | $ 510,000 | $ 228,000 |
| Allegan, Michigan | 2 | $ 440,000 | $ 220,000 | $ 361,000 |
| Cass, Michigan | 2 | $ 890,000 | $ 445,000 | $ 694,000 |
| Oakland, Michigan | 2 | $ 610,000 | $ 305,000 | $ 92,000 |
| Van Buren, Michigan | 2 | $ 1,280,000 | $ 640,000 | $ 409,000 |
| Wayne, Michigan | 2 | $ 180,000 | $ 90,000 | $ 73,000 |
| St. Charles, Missouri | 2 | $ 660,000 | $ 330,000 | $ 102,000 |
| Mecklenburg, North Carolina | 2 | $ 2,880,000 | $ 1,440,000 | $ 657,000 |
| Lucas, Ohio | 2 | $ 820,000 | $ 410,000 | $ 178,000 |
| Charleston, South Carolina | 2 | $ 760,000 | $ 380,000 | $ 232,000 |
| San Patricio, Texas | 2 | $ 400,000 | $ 200,000 | $ 61,000 |
| Tarrant, Texas | 2 | $ 430,000 | $ 215,000 | $ 72,000 |
| Travis, Texas | 2 | $ 770,000 | $ 385,000 | $ 172,000 |
| Waukesha, Wisconsin | 2 | $ 480,000 | $ 240,000 | $ 82,000 |
| Waushara, Wisconsin | 2 | $ 850,000 | $ 425,000 | $ 375,000 |
| Navajo, Arizona | 1 | $ 375,000 | $ 375,000 | $ 87,000 |
| Lake, California | 1 | $ 615,000 | $ 615,000 | $ 161,000 |
| Marin, California | 1 | $ 1,605,000 | $ 1,605,000 | $ 350,000 |
| San Francisco, California | 1 | $ 785,000 | $ 785,000 | $ 289,000 |
| Solano, California | 1 | $ 655,000 | $ 655,000 | $ 221,000 |
| Stanislaus, California | 1 | $ 495,000 | $ 495,000 | $ 0 |
| Ventura, California | 1 | $ 275,000 | $ 275,000 | $ 492,000 |
| Broomfield, Colorado | 1 | $ 605,000 | $ 605,000 | $ 147,000 |
| Alachua, Florida | 1 | $ 695,000 | $ 695,000 | $ 216,000 |
| Brevard, Florida | 1 | $ 245,000 | $ 245,000 | $ 99,000 |
| Broward, Florida | 1 | $ 205,000 | $ 205,000 | $ 231,000 |
| Indian River, Florida | 1 | $ 675,000 | $ 675,000 | $ 266,000 |
| Martin, Florida | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
| Walton, Florida | 1 | $ 1,285,000 | $ 1,285,000 | $ 0 |
| DeKalb, Georgia | 1 | $ 305,000 | $ 305,000 | $ 207,000 |
| Pickens, Georgia | 1 | $ 275,000 | $ 275,000 | $ 38,000 |
| Boone, Illinois | 1 | $ 225,000 | $ 225,000 | $ 100,000 |
| Champaign, Illinois | 1 | $ 155,000 | $ 155,000 | $ 105,000 |
| Henry, Illinois | 1 | $ 145,000 | $ 145,000 | $ 45,000 |
| Iroquois, Illinois | 1 | $ 145,000 | $ 145,000 | $ 92,000 |
| Peoria, Illinois | 1 | $ 335,000 | $ 335,000 | $ 168,000 |
| Stephenson, Illinois | 1 | $ 245,000 | $ 245,000 | $ 86,000 |
| Marion, Indiana | 1 | $ 165,000 | $ 165,000 | $ 352,000 |
| St. Joseph, Indiana | 1 | $ 105,000 | $ 105,000 | $ 272,000 |
| Vanderburgh, Indiana | 1 | $ 135,000 | $ 135,000 | $ 400,000 |
| Dallas, Iowa | 1 | $ 295,000 | $ 295,000 | $ 71,000 |
| Johnson, Iowa | 1 | $ 115,000 | $ 115,000 | $ 246,000 |
| Polk, Iowa | 1 | $ 135,000 | $ 135,000 | $ 63,000 |
| Scott, Iowa | 1 | $ 525,000 | $ 525,000 | $ 522,000 |
| Alger, Michigan | 1 | $ 115,000 | $ 115,000 | $ 72,000 |
| Benzie, Michigan | 1 | $ 285,000 | $ 285,000 | $ 121,000 |
| Kalamazoo, Michigan | 1 | $ 445,000 | $ 445,000 | $ 125,000 |
| Kent, Michigan | 1 | $ 295,000 | $ 295,000 | $ 99,000 |
| Lake, Michigan | 1 | $ 205,000 | $ 205,000 | $ 217,000 |
| Ottawa, Michigan | 1 | $ 265,000 | $ 265,000 | $ 128,000 |
| Hennepin, Minnesota | 1 | $ 465,000 | $ 465,000 | $ 150,000 |
| St. Louis City, Missouri | 1 | $ 255,000 | $ 255,000 | $ 108,000 |
| Essex, New Jersey | 1 | $ 3,005,000 | $ 3,005,000 | $ 711,000 |
| Mercer, New Jersey | 1 | $ 245,000 | $ 245,000 | $ 883,000 |
| Franklin, Ohio | 1 | $ 355,000 | $ 355,000 | $ 210,000 |
| Hamilton, Ohio | 1 | $ 765,000 | $ 765,000 | $ 320,000 |
| Jasper, South Carolina | 1 | $ 455,000 | $ 455,000 | $ 280,000 |
| Maury, Tennessee | 1 | $ 405,000 | $ 405,000 | $ 78,000 |
| Denton, Texas | 1 | $ 865,000 | $ 865,000 | $ 450,000 |
| Smith, Texas | 1 | $ 265,000 | $ 265,000 | $ 157,000 |
| Adams, Wisconsin | 1 | $ 235,000 | $ 235,000 | $ 65,000 |
| Calumet, Wisconsin | 1 | $ 375,000 | $ 375,000 | $ 165,000 |
| Green, Wisconsin | 1 | $ 365,000 | $ 365,000 | $ 165,000 |
| Green Lake, Wisconsin | 1 | $ 475,000 | $ 475,000 | $ 260,000 |
| Jefferson, Wisconsin | 1 | $ 665,000 | $ 665,000 | $ 618,000 |
| Marathon, Wisconsin | 1 | $ 415,000 | $ 415,000 | $ 151,000 |
| Washington, Wisconsin | 1 | $ 545,000 | $ 545,000 | $ 179,000 |
Mortgage Loan Application Detail Totals for Proper Rate, LLC in 2024
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 | 2,187 | $989,925,000 | $452,000 | $3,005,000 | $219,000 | $7,179,000 |
| Refinancing | 231 | $128,705,000 | $557,000 | $2,175,000 | $287,000 | $2,409,000 |
| Cash-out Refinancing | 92 | $39,240,000 | $426,000 | $1,895,000 | $234,000 | $1,814,000 |
| Other Purpose | 23 | $2,535,000 | $110,000 | $275,000 | $157,000 | $288,000 |
| Home Improvement | 7 | $465,000 | $66,000 | $145,000 | $221,000 | $403,000 |
| 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 | 1,717 | $792,945,000 | $461,000 | $2,765,000 | $226,000 | $6,574,000 |
| Not Provided | 295 | $144,505,000 | $489,000 | $2,855,000 | $245,000 | $1,510,000 |
| Asian | 238 | $112,610,000 | $473,000 | $3,005,000 | $235,000 | $1,814,000 |
| Hispanic | 208 | $77,420,000 | $372,000 | $1,425,000 | $197,000 | $7,179,000 |
| Black or African American | 68 | $27,000,000 | $397,000 | $1,425,000 | $177,000 | $985,000 |
| American Indian or Alaskan Native | 12 | $4,900,000 | $408,000 | $1,125,000 | $160,000 | $505,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $1,490,000 | $745,000 | $1,095,000 | $104,000 | $209,000 |
| 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) | 2,407 | $1,110,535,000 | $461,000 | $3,005,000 | $230,000 | $7,179,000 |
| FHA-insured (Federal Housing Administration) | 84 | $30,050,000 | $357,000 | $1,095,000 | $117,000 | $260,000 |
| VA-guaranteed (Veterans Administration) | 49 | $20,285,000 | $413,000 | $1,345,000 | $143,000 | $435,000 |
| 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 | 1,689 | $766,355,000 | $453,000 | $2,855,000 | $227,000 | $7,179,000 |
| Application Withdrawn By Applicant | 759 | $356,155,000 | $469,000 | $3,005,000 | $220,000 | $2,144,000 |
| Application Denied By Financial Institution | 50 | $17,460,000 | $349,000 | $1,305,000 | $182,000 | $926,000 |
| Application Approved But Not Accepted | 27 | $10,645,000 | $394,000 | $1,855,000 | $224,000 | $1,000,000 |
| File Closed For Incompleteness | 11 | $7,905,000 | $718,000 | $2,005,000 | $361,000 | $1,225,000 |
| Preapproval Approved but not Accepted | 3 | $1,225,000 | $408,000 | $625,000 | $174,000 | $305,000 |
| Preapproval Denied by Financial Institution | 1 | $1,125,000 | $1,125,000 | $1,125,000 | $364,000 | $364,000 |
| 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 | 2,489 | $1,142,285,000 | $458,000 | $3,005,000 | $225,000 | $7,179,000 |
| Collateral | 18 | $4,710,000 | $261,000 | $445,000 | $244,000 | $926,000 |
| Debt-To-Income Ratio | 15 | $6,715,000 | $447,000 | $1,125,000 | $123,000 | $364,000 |
| Unverifiable Information | 9 | $4,995,000 | $555,000 | $1,305,000 | $166,000 | $563,000 |
| Credit Application Incomplete | 4 | $500,000 | $125,000 | $275,000 | $115,000 | $159,000 |
| Credit History | 2 | $470,000 | $235,000 | $335,000 | $178,000 | $272,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $780,000 | $390,000 | $565,000 | $150,000 | $240,000 |
| Other | 1 | $415,000 | $415,000 | $415,000 | $382,000 | $382,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Proper Rate, LLC's 2024 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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