Proper Rate, LLC Mortgage Lending & HMDA Data, 2020
In 2020, Proper Rate, LLC of Chicago, IL reported 2,483 mortgage applications totaling $902.9 million. The average application was for $363,630, and applicants reported an average income of $184,026. 66% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Chicago-Naperville, IL (1,782), Lake County-Kenosha County, IL-WI (315) and Elgin, IL (56) (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 | 2,483 |
| Total Mortgage Loan Application Amount | $902,895,000 |
| Average Mortgage Loan Application Amount | $363,630 |
| Highest Mortgage Loan Application Amount | $1,955,000 |
| Average Applicant Income | $184,026 |
| Highest Applicant Income | $3,847,000 |
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Act (HMDA) records Proper Rate, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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, IL | 1,782 | $ 663,260,000 | $ 372,199 | $ 177,000 |
| Lake County-Kenosha County, IL-WI | 315 | $ 105,865,000 | $ 336,079 | $ 172,793 |
| Elgin, IL | 56 | $ 13,260,000 | $ 236,785 | $ 121,000 |
| Outside any metro area | 52 | $ 17,090,000 | $ 328,653 | $ 241,384 |
| Niles-Benton Harbor, MI | 51 | $ 14,575,000 | $ 285,784 | $ 363,000 |
| Denver-Aurora-Lakewood, CO | 32 | $ 18,160,000 | $ 567,500 | $ 188,000 |
| Gary, IN | 25 | $ 4,695,000 | $ 187,800 | $ 147,000 |
| Phoenix-Mesa-Scottsdale, AZ | 18 | $ 8,880,000 | $ 493,333 | $ 482,000 |
| Michigan City-La Porte, IN | 16 | $ 4,840,000 | $ 302,500 | $ 202,000 |
| Milwaukee-Waukesha-West Allis, WI | 11 | $ 4,195,000 | $ 381,363 | $ 258,000 |
| Atlanta-Sandy Springs-Roswell, GA | 7 | $ 2,155,000 | $ 307,857 | $ 127,000 |
| Indianapolis-Carmel-Anderson, IN | 7 | $ 2,555,000 | $ 365,000 | $ 302,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 7 | $ 2,605,000 | $ 372,142 | $ 226,000 |
| Cleveland-Elyria, OH | 6 | $ 1,910,000 | $ 318,333 | $ 159,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 6 | $ 3,620,000 | $ 603,333 | $ 242,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 5 | $ 1,345,000 | $ 269,000 | $ 216,000 |
| Austin-Round Rock, TX | 4 | $ 1,600,000 | $ 400,000 | $ 147,000 |
| Charlotte-Concord-Gastonia, NC-SC | 4 | $ 1,380,000 | $ 345,000 | $ 150,000 |
| Kalamazoo-Portage, MI | 4 | $ 1,560,000 | $ 390,000 | $ 191,000 |
| Madison, WI | 4 | $ 1,130,000 | $ 282,500 | $ 228,000 |
| Rockford, IL | 4 | $ 1,200,000 | $ 300,000 | $ 170,000 |
| St. Louis, MO-IL | 4 | $ 940,000 | $ 235,000 | $ 177,750 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 1,900,000 | $ 475,000 | $ 266,000 |
| Dallas-Plano-Irving, TX | 3 | $ 1,155,000 | $ 385,000 | $ 171,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 1,805,000 | $ 601,666 | $ 192,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 1,605,000 | $ 535,000 | $ 387,000 |
| Boulder, CO | 2 | $ 1,140,000 | $ 570,000 | $ 160,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 660,000 | $ 330,000 | $ 71,000 |
| Colorado Springs, CO | 2 | $ 410,000 | $ 205,000 | $ 70,000 |
| Decatur, IL | 2 | $ 360,000 | $ 180,000 | $ 153,000 |
| Des Moines-West Des Moines, IA | 2 | $ 360,000 | $ 180,000 | $ 117,000 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 520,000 | $ 260,000 | $ 126,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 1,270,000 | $ 635,000 | $ 183,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 1,970,000 | $ 985,000 | $ 619,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 920,000 | $ 460,000 | $ 189,000 |
| Punta Gorda, FL | 2 | $ 1,660,000 | $ 830,000 | $ 332,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 1,210,000 | $ 605,000 | $ 169,000 |
| Winston-Salem, NC | 2 | $ 500,000 | $ 250,000 | $ 198,000 |
| Appleton, WI | 1 | $ 585,000 | $ 585,000 | $ 328,000 |
| Bloomington, IL | 1 | $ 165,000 | $ 165,000 | $ 236,000 |
| Bloomington, IN | 1 | $ 135,000 | $ 135,000 | $ 174,000 |
| Carbondale-Marion, IL | 1 | $ 125,000 | $ 125,000 | $ 75,000 |
| Champaign-Urbana, IL | 1 | $ 785,000 | $ 785,000 | $ 475,000 |
| Cincinnati, OH-KY-IN | 1 | $ 355,000 | $ 355,000 | $ 243,000 |
| Columbus, OH | 1 | $ 555,000 | $ 555,000 | $ 300,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 515,000 | $ 515,000 | $ 468,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 185,000 | $ 185,000 | $ 210,000 |
| Durham-Chapel Hill, NC | 1 | $ 165,000 | $ 165,000 | $ 84,000 |
| Fond Du Lac, WI | 1 | $ 305,000 | $ 305,000 | $ 371,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 925,000 | $ 925,000 | $ 243,000 |
| Jackson, MI | 1 | $ 65,000 | $ 65,000 | $ 60,000 |
| Jacksonville, FL | 1 | $ 315,000 | $ 315,000 | $ 140,000 |
| Jacksonville, NC | 1 | $ 195,000 | $ 195,000 | $ 78,000 |
| Knoxville, TN | 1 | $ 175,000 | $ 175,000 | $ 99,000 |
| New Bern, NC | 1 | $ 275,000 | $ 275,000 | $ 99,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 155,000 | $ 155,000 | $ 155,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 255,000 | $ 255,000 | $ 117,000 |
| Racine, WI | 1 | $ 475,000 | $ 475,000 | $ 179,000 |
| San Antonio-New Braunfels, TX | 1 | $ 345,000 | $ 345,000 | $ 130,000 |
| San Diego-Carlsbad, CA | 1 | $ 405,000 | $ 405,000 | $ 120,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 585,000 | $ 585,000 | $ 287,000 |
| Sheboygan, WI | 1 | $ 255,000 | $ 255,000 | $ 400,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 165,000 | $ 165,000 | $ 160,000 |
| Tucson, AZ | 1 | $ 165,000 | $ 165,000 | $ 207,000 |
Mortgage Loan Application Detail Totals for Proper Rate, LLC 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 | 1,356 | $491,400,000 | $362,000 | $1,955,000 | $192,000 | $3,847,000 |
| Home Purchase | 916 | $343,780,000 | $375,000 | $1,905,000 | $172,000 | $2,926,000 |
| Cash-out Refinancing | 211 | $67,715,000 | $320,000 | $1,495,000 | $185,000 | $1,244,000 |
| 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 | 1,900 | $698,970,000 | $367,000 | $1,955,000 | $188,000 | $3,847,000 |
| Not Provided | 250 | $97,240,000 | $388,000 | $1,445,000 | $198,000 | $1,200,000 |
| Hispanic | 116 | $34,820,000 | $300,000 | $755,000 | $126,000 | $840,000 |
| Asian | 112 | $37,860,000 | $338,000 | $1,645,000 | $169,000 | $516,000 |
| Black or African American | 52 | $14,540,000 | $279,000 | $625,000 | $146,000 | $688,000 |
| American Indian or Alaskan Native | 8 | $2,710,000 | $338,000 | $765,000 | $151,000 | $289,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $560,000 | $280,000 | $355,000 | $220,000 | $220,000 |
| 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) | 2,483 | $902,895,000 | $363,000 | $1,955,000 | $184,000 | $3,847,000 |
| 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 | 1,650 | $588,820,000 | $356,000 | $1,905,000 | $178,000 | $3,847,000 |
| Application Withdrawn By Applicant | 781 | $294,765,000 | $377,000 | $1,955,000 | $199,000 | $1,325,000 |
| Application Denied By Financial Institution | 31 | $11,225,000 | $362,000 | $1,275,000 | $170,000 | $769,000 |
| File Closed For Incompleteness | 13 | $4,715,000 | $362,000 | $645,000 | $159,000 | $300,000 |
| Application Approved But Not Accepted | 8 | $3,370,000 | $421,000 | $545,000 | $180,000 | $338,000 |
| 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 | 2,452 | $891,670,000 | $363,000 | $1,955,000 | $184,000 | $3,847,000 |
| Debt-To-Income Ratio | 10 | $3,090,000 | $309,000 | $495,000 | $75,000 | $140,000 |
| Other | 5 | $1,175,000 | $235,000 | $395,000 | $225,000 | $769,000 |
| Credit History | 5 | $2,145,000 | $429,000 | $985,000 | $240,000 | $636,000 |
| Unverifiable Information | 4 | $2,940,000 | $735,000 | $1,275,000 | $402,000 | $621,000 |
| Collateral | 4 | $1,170,000 | $292,000 | $385,000 | $118,000 | $187,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $320,000 | $160,000 | $185,000 | $88,000 | $108,000 |
| Employment History | 1 | $385,000 | $385,000 | $385,000 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Proper Rate, LLC'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 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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