Proper Rate, LLC Mortgage Lending & HMDA Data, 2021
In 2021, Proper Rate, LLC of Chicago, IL reported 5,511 mortgage applications totaling $2.2 billion, up 122% from 2020. The average application was for $403,894, and applicants reported an average income of $194,568. 71% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Chicago-Naperville, IL (3,935), Lake County-Kenosha County, IL-WI (608) and Elgin, IL (125) (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 | 5,511 |
| Total Mortgage Loan Application Amount | $2,225,865,000 |
| Average Mortgage Loan Application Amount | $403,894 |
| Highest Mortgage Loan Application Amount | $18,575,000 |
| Average Applicant Income | $194,568 |
| Highest Applicant Income | $7,795,000 |
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Act (HMDA) records Proper Rate, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 3,935 | $ 1,608,945,000 | $ 408,880 | $ 187,000 |
| Lake County-Kenosha County, IL-WI | 608 | $ 237,370,000 | $ 390,411 | $ 184,824 |
| Elgin, IL | 125 | $ 35,465,000 | $ 283,720 | $ 144,000 |
| Gary, IN | 120 | $ 31,170,000 | $ 259,750 | $ 131,000 |
| Niles-Benton Harbor, MI | 79 | $ 27,485,000 | $ 347,911 | $ 226,000 |
| Outside any metro area | 78 | $ 26,080,000 | $ 334,358 | $ 238,230 |
| Denver-Aurora-Lakewood, CO | 75 | $ 40,805,000 | $ 544,066 | $ 412,000 |
| Michigan City-La Porte, IN | 32 | $ 11,920,000 | $ 372,500 | $ 194,000 |
| Atlanta-Sandy Springs-Roswell, GA | 28 | $ 13,450,000 | $ 480,357 | $ 177,000 |
| Milwaukee-Waukesha-West Allis, WI | 23 | $ 11,615,000 | $ 505,000 | $ 264,000 |
| Tampa-St. Petersburg-Clearwater, FL | 21 | $ 7,775,000 | $ 370,238 | $ 176,000 |
| Phoenix-Mesa-Scottsdale, AZ | 19 | $ 8,485,000 | $ 446,578 | $ 419,000 |
| Indianapolis-Carmel-Anderson, IN | 16 | $ 5,050,000 | $ 315,625 | $ 208,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 16 | $ 10,940,000 | $ 683,750 | $ 487,000 |
| Davenport-Moline-Rock Island, IA-IL | 11 | $ 2,425,000 | $ 220,454 | $ 102,181 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 11 | $ 5,595,000 | $ 508,636 | $ 205,000 |
| St. Louis, MO-IL | 11 | $ 3,115,000 | $ 283,181 | $ 121,727 |
| Warren-Troy-Farmington Hills, MI | 11 | $ 3,265,000 | $ 296,818 | $ 227,000 |
| Austin-Round Rock, TX | 10 | $ 7,180,000 | $ 718,000 | $ 263,000 |
| Dallas-Plano-Irving, TX | 10 | $ 5,430,000 | $ 543,000 | $ 231,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 10 | $ 4,350,000 | $ 435,000 | $ 231,000 |
| Naples-Immokalee-Marco Island, FL | 10 | $ 6,550,000 | $ 655,000 | $ 318,000 |
| Cape Coral-Fort Myers, FL | 9 | $ 4,095,000 | $ 455,000 | $ 330,000 |
| Charlotte-Concord-Gastonia, NC-SC | 9 | $ 3,125,000 | $ 347,222 | $ 190,555 |
| Cleveland-Elyria, OH | 9 | $ 2,465,000 | $ 273,888 | $ 260,000 |
| Los Angeles-Long Beach-Glendale, CA | 8 | $ 5,140,000 | $ 642,500 | $ 358,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 7 | $ 5,805,000 | $ 829,285 | $ 431,000 |
| North Port-Sarasota-Bradenton, FL | 7 | $ 2,635,000 | $ 376,428 | $ 132,000 |
| Riverside-San Bernardino-Ontario, CA | 7 | $ 2,285,000 | $ 326,428 | $ 220,000 |
| Rockford, IL | 7 | $ 1,955,000 | $ 279,285 | $ 133,000 |
| Grand Rapids-Wyoming, MI | 6 | $ 2,190,000 | $ 365,000 | $ 315,000 |
| Houston-The Woodlands-Sugar Land, TX | 6 | $ 2,130,000 | $ 355,000 | $ 161,000 |
| San Francisco-Redwood City-South San Francisco, CA | 6 | $ 6,390,000 | $ 1,065,000 | $ 394,000 |
| Boulder, CO | 5 | $ 5,065,000 | $ 1,013,000 | $ 262,000 |
| Cincinnati, OH-KY-IN | 5 | $ 1,385,000 | $ 277,000 | $ 169,000 |
| Crestview-Fort Walton Beach-Destin, FL | 5 | $ 2,345,000 | $ 469,000 | $ 189,000 |
| Jacksonville, FL | 5 | $ 2,145,000 | $ 429,000 | $ 230,000 |
| Madison, WI | 5 | $ 1,805,000 | $ 361,000 | $ 160,000 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 1,775,000 | $ 355,000 | $ 234,000 |
| Peoria, IL | 5 | $ 1,055,000 | $ 211,000 | $ 165,000 |
| Detroit-Dearborn-Livonia, MI | 4 | $ 990,000 | $ 247,500 | $ 209,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 4 | $ 2,490,000 | $ 622,500 | $ 426,000 |
| Kansas City, MO-KS | 4 | $ 1,160,000 | $ 290,000 | $ 147,000 |
| Ocala, FL | 4 | $ 910,000 | $ 227,500 | $ 58,000 |
| Palm Bay-Melbourne-Titusville, FL | 4 | $ 1,160,000 | $ 290,000 | $ 105,000 |
| San Diego-Carlsbad, CA | 4 | $ 2,140,000 | $ 535,000 | $ 146,000 |
| South Bend-Mishawaka, IN-MI | 4 | $ 1,180,000 | $ 295,000 | $ 452,250 |
| Anaheim-Santa Ana-Irvine, CA | 3 | $ 2,235,000 | $ 745,000 | $ 208,000 |
| Asheville, NC | 3 | $ 685,000 | $ 228,333 | $ 415,000 |
| Charleston-North Charleston, SC | 3 | $ 1,385,000 | $ 461,666 | $ 267,000 |
| Columbia, MO | 3 | $ 715,000 | $ 238,333 | $ 140,000 |
| Fort Collins, CO | 3 | $ 1,515,000 | $ 505,000 | $ 134,000 |
| Lakeland-Winter Haven, FL | 3 | $ 795,000 | $ 265,000 | $ 248,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 3 | $ 1,065,000 | $ 355,000 | $ 708,000 |
| Oakland-Hayward-Berkeley, CA | 3 | $ 2,095,000 | $ 698,333 | $ 227,000 |
| Port St. Lucie, FL | 3 | $ 925,000 | $ 308,333 | $ 124,000 |
| Raleigh, NC | 3 | $ 1,715,000 | $ 571,666 | $ 556,000 |
| Salinas, CA | 3 | $ 1,675,000 | $ 558,333 | $ 156,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 3 | $ 1,785,000 | $ 595,000 | $ 192,000 |
| San Rafael, CA | 3 | $ 3,035,000 | $ 1,011,666 | $ 305,000 |
| Tucson, AZ | 3 | $ 1,145,000 | $ 381,666 | $ 226,000 |
| Bloomington, IL | 2 | $ 350,000 | $ 175,000 | $ 81,000 |
| Cedar Rapids, IA | 2 | $ 680,000 | $ 340,000 | $ 130,000 |
| Champaign-Urbana, IL | 2 | $ 410,000 | $ 205,000 | $ 100,000 |
| Colorado Springs, CO | 2 | $ 740,000 | $ 370,000 | $ 75,000 |
| Columbus, OH | 2 | $ 790,000 | $ 395,000 | $ 155,000 |
| Durham-Chapel Hill, NC | 2 | $ 1,060,000 | $ 530,000 | $ 142,000 |
| Gainesville, GA | 2 | $ 420,000 | $ 210,000 | $ 60,000 |
| Greeley, CO | 2 | $ 950,000 | $ 475,000 | $ 107,000 |
| Greenville-Anderson-Mauldin, SC | 2 | $ 550,000 | $ 275,000 | $ 130,000 |
| Janesville-Beloit, WI | 2 | $ 450,000 | $ 225,000 | $ 91,000 |
| Kalamazoo-Portage, MI | 2 | $ 590,000 | $ 295,000 | $ 254,000 |
| Knoxville, TN | 2 | $ 330,000 | $ 165,000 | $ 108,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 1,650,000 | $ 825,000 | $ 352,000 |
| Oshkosh-Neenah, WI | 2 | $ 650,000 | $ 325,000 | $ 237,000 |
| Punta Gorda, FL | 2 | $ 1,730,000 | $ 865,000 | $ 281,000 |
| Racine, WI | 2 | $ 400,000 | $ 200,000 | $ 176,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 1,470,000 | $ 735,000 | $ 165,000 |
| Sheboygan, WI | 2 | $ 500,000 | $ 250,000 | $ 323,000 |
| Wilmington, NC | 2 | $ 770,000 | $ 385,000 | $ 434,000 |
| Ann Arbor, MI | 1 | $ 545,000 | $ 545,000 | $ 360,000 |
| Athens-Clarke County, GA | 1 | $ 275,000 | $ 275,000 | $ 80,000 |
| Bloomington, IN | 1 | $ 885,000 | $ 885,000 | $ 492,000 |
| Chattanooga, TN-GA | 1 | $ 735,000 | $ 735,000 | $ 234,000 |
| Decatur, IL | 1 | $ 135,000 | $ 135,000 | $ 125,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 175,000 | $ 175,000 | $ 43,000 |
| Flagstaff, AZ | 1 | $ 1,515,000 | $ 1,515,000 | $ 5,805,000 |
| Fort Wayne, IN | 1 | $ 145,000 | $ 145,000 | $ 159,000 |
| Fort Worth-Arlington, TX | 1 | $ 445,000 | $ 445,000 | $ 313,000 |
| Gainesville, FL | 1 | $ 255,000 | $ 255,000 | $ 170,000 |
| Greensboro-High Point, NC | 1 | $ 355,000 | $ 355,000 | $ 230,000 |
| Hinesville, GA | 1 | $ 255,000 | $ 255,000 | $ 100,000 |
| Iowa City, IA | 1 | $ 475,000 | $ 475,000 | $ 259,000 |
| Jacksonville, NC | 1 | $ 165,000 | $ 165,000 | $ 49,000 |
| Lafayette-West Lafayette, IN | 1 | $ 85,000 | $ 85,000 | $ 75,000 |
| Memphis, TN-MS-AR | 1 | $ 255,000 | $ 255,000 | $ 540,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 725,000 | $ 725,000 | $ 152,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 1,015,000 | $ 1,015,000 | $ 180,000 |
| Sebastian-Vero Beach, FL | 1 | $ 145,000 | $ 145,000 | $ 142,000 |
| The Villages, FL | 1 | $ 505,000 | $ 505,000 | $ 128,000 |
| Toledo, OH | 1 | $ 135,000 | $ 135,000 | $ 91,000 |
| Tyler, TX | 1 | $ 165,000 | $ 165,000 | $ 32,000 |
| Winston-Salem, NC | 1 | $ 625,000 | $ 625,000 | $ 266,000 |
Mortgage Loan Application Detail Totals for Proper Rate, LLC in 2021
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 | 2,855 | $1,169,085,000 | $409,000 | $2,825,000 | $174,000 | $2,694,000 |
| Refinancing | 2,076 | $842,270,000 | $405,000 | $18,575,000 | $211,000 | $4,235,000 |
| Cash-out Refinancing | 580 | $214,510,000 | $369,000 | $1,925,000 | $237,000 | $7,795,000 |
| 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 | 4,071 | $1,654,905,000 | $406,000 | $2,825,000 | $200,000 | $7,795,000 |
| Not Provided | 602 | $254,990,000 | $423,000 | $1,645,000 | $197,000 | $1,903,000 |
| Hispanic | 305 | $93,985,000 | $308,000 | $1,095,000 | $135,000 | $700,000 |
| Asian | 277 | $126,655,000 | $457,000 | $18,575,000 | $180,000 | $785,000 |
| Black or African American | 153 | $51,685,000 | $337,000 | $1,115,000 | $165,000 | $800,000 |
| American Indian or Alaskan Native | 13 | $4,575,000 | $351,000 | $905,000 | $154,000 | $392,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,910,000 | $477,000 | $745,000 | $286,000 | $705,000 |
| 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) | 5,348 | $2,178,670,000 | $407,000 | $18,575,000 | $197,000 | $7,795,000 |
| FHA-insured (Federal Housing Administration) | 120 | $31,670,000 | $263,000 | $715,000 | $87,000 | $203,000 |
| VA-guaranteed (Veterans Administration) | 43 | $15,525,000 | $361,000 | $705,000 | $114,000 | $272,000 |
| 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 | 3,937 | $1,577,755,000 | $400,000 | $2,005,000 | $188,000 | $5,805,000 |
| Application Withdrawn By Applicant | 1,398 | $584,860,000 | $418,000 | $18,575,000 | $214,000 | $7,795,000 |
| Application Denied By Financial Institution | 108 | $40,680,000 | $376,000 | $2,825,000 | $201,000 | $7,639,000 |
| Application Approved But Not Accepted | 44 | $15,250,000 | $346,000 | $1,995,000 | $158,000 | $640,000 |
| File Closed For Incompleteness | 20 | $5,280,000 | $264,000 | $545,000 | $111,000 | $256,000 |
| Preapproval Approved but not Accepted | 2 | $650,000 | $325,000 | $445,000 | $125,000 | $192,000 |
| Preapproval Denied by Financial Institution | 2 | $1,390,000 | $695,000 | $1,005,000 | $388,000 | $749,000 |
| 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 | 5,401 | $2,183,795,000 | $404,000 | $18,575,000 | $194,000 | $7,795,000 |
| Debt-To-Income Ratio | 45 | $15,115,000 | $335,000 | $1,645,000 | $72,000 | $209,000 |
| Credit History | 21 | $11,135,000 | $530,000 | $2,825,000 | $226,000 | $749,000 |
| Unverifiable Information | 19 | $6,685,000 | $351,000 | $1,345,000 | $528,000 | $7,639,000 |
| Collateral | 12 | $4,980,000 | $415,000 | $1,025,000 | $167,000 | $322,000 |
| Other | 5 | $1,565,000 | $313,000 | $805,000 | $249,000 | $794,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $1,585,000 | $317,000 | $585,000 | $116,000 | $200,000 |
| Employment History | 3 | $1,005,000 | $335,000 | $695,000 | $208,000 | $430,000 |
| 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 2021 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.
For a list of all lenders in Illinois, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About