Purdue Federal CU Mortgage Lending & HMDA Data, 2011

In 2011, Purdue Federal CU of West Lafayette, IN reported 1,333 mortgage applications totaling $211.8 million, down 16% from 2010. The average application was for $158,924, and applicants reported an average income of $95,330. 74% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Lafayette, IN (927), Indianapolis-Carmel, IN (43) and Michigan City-La Porte, IN (11) (applications in parentheses).

Mortgage Company & Address Purdue Federal CU
1551 Win Hentschel Blvd., Po Box 2433
West Lafayette, IN 47906
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 1,333
Total Mortgage Loan Application Amount $211,846,000
Average Mortgage Loan Application Amount $158,924
Highest Mortgage Loan Application Amount $2,512,000
Average Applicant Income $95,330
Highest Applicant Income $1,500,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Purdue Federal CU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Purdue Federal CU by County in 2011

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Tippecanoe, Indiana 931 $ 145,932,000 $ 156,747 $ 95,000
Carroll, Indiana 25 $ 3,193,000 $ 127,720 $ 84,000
Clinton, Indiana 24 $ 3,313,000 $ 138,041 $ 70,000
White, Indiana 22 $ 4,093,000 $ 186,045 $ 93,000
Marion, Indiana 18 $ 2,666,000 $ 148,111 $ 79,000
Hamilton, Indiana 16 $ 3,174,000 $ 198,375 $ 110,000
Benton, Indiana 12 $ 783,000 $ 65,250 $ 66,000
LaPorte, Indiana 11 $ 677,000 $ 61,545 $ 60,000
Warren, Indiana 11 $ 1,587,000 $ 144,272 $ 88,000
Cook, Illinois 9 $ 2,602,000 $ 289,111 $ 129,000
Montgomery, Indiana 8 $ 1,046,000 $ 130,750 $ 87,000
Boone, Indiana 7 $ 1,092,000 $ 156,000 $ 105,000
Allen, Indiana 4 $ 498,000 $ 124,500 $ 72,000
Fountain, Indiana 4 $ 585,000 $ 146,250 $ 70,000
Porter, Indiana 4 $ 621,000 $ 155,250 $ 99,000
Lee, Florida 3 $ 289,000 $ 96,333 $ 157,000
Lake, Indiana 3 $ 598,000 $ 199,333 $ 72,000
St. Joseph, Indiana 3 $ 256,000 $ 85,333 $ 70,000
Clark, Nevada 3 $ 175,000 $ 58,333 $ 96,000
Williamson, Texas 3 $ 425,000 $ 141,666 $ 78,000
San Diego, California 2 $ 287,000 $ 143,500 $ 64,000
Brevard, Florida 2 $ 315,000 $ 157,500 $ 106,000
Grant, Indiana 2 $ 293,000 $ 146,500 $ 48,000
Hendricks, Indiana 2 $ 210,000 $ 105,000 $ 110,000
Jasper, Indiana 2 $ 263,000 $ 131,500 $ 80,000
Johnson, Indiana 2 $ 326,000 $ 163,000 $ 88,000
Ingham, Michigan 2 $ 633,000 $ 316,500 $ 127,000
Oakland, Michigan 2 $ 978,000 $ 489,000 $ 435,000
Hamilton, Ohio 2 $ 257,000 $ 128,500 $ 85,000
Multnomah, Oregon 2 $ 546,000 $ 273,000 $ 197,000
Indiana, Pennsylvania 2 $ 181,000 $ 90,500 $ 57,000
Lycoming, Pennsylvania 2 $ 332,000 $ 166,000 $ 96,000
Fort Bend, Texas 2 $ 327,000 $ 163,500 $ 76,000
Baldwin, Alabama 1 $ 192,000 $ 192,000 $ 133,000
Limestone, Alabama 1 $ 133,000 $ 133,000 $ 52,000
Maricopa, Arizona 1 $ 117,000 $ 117,000 $ 233,000
Contra Costa, California 1 $ 305,000 $ 305,000 $ 125,000
Los Angeles, California 1 $ 417,000 $ 417,000 $ 168,000
Merced, California 1 $ 200,000 $ 200,000 $ 256,000
Santa Clara, California 1 $ 500,000 $ 500,000 $ 137,000
Broomfield, Colorado 1 $ 182,000 $ 182,000 $ 76,000
Douglas, Colorado 1 $ 315,000 $ 315,000 $ 209,000
Larimer, Colorado 1 $ 110,000 $ 110,000 $ 396,000
New Haven, Connecticut 1 $ 345,000 $ 345,000 $ 193,000
Tolland, Connecticut 1 $ 250,000 $ 250,000 $ 156,000
District of Columbia, District Of Columbia 1 $ 150,000 $ 150,000 $ 93,000
Hendry, Florida 1 $ 97,000 $ 97,000 $ 73,000
Highlands, Florida 1 $ 69,000 $ 69,000 $ 31,000
Lake, Florida 1 $ 80,000 $ 80,000 $ 57,000
Manatee, Florida 1 $ 140,000 $ 140,000 $ 260,000
Marion, Florida 1 $ 146,000 $ 146,000 $ 48,000
Miami-Dade, Florida 1 $ 243,000 $ 243,000 $ 100,000
Pinellas, Florida 1 $ 398,000 $ 398,000 $ 578,000
Bulloch, Georgia 1 $ 175,000 $ 175,000 $ 68,000
Cobb, Georgia 1 $ 143,000 $ 143,000 $ 50,000
DeKalb, Georgia 1 $ 285,000 $ 285,000 $ 118,000
Glynn, Georgia 1 $ 328,000 $ 328,000 $ 298,000
Douglas, Illinois 1 $ 81,000 $ 81,000 $ 44,000
DuPage, Illinois 1 $ 263,000 $ 263,000 $ 167,000
Will, Illinois 1 $ 57,000 $ 57,000 $ 14,000
Bartholomew, Indiana 1 $ 162,000 $ 162,000 $ 75,000
Daviess, Indiana 1 $ 97,000 $ 97,000 $ 114,000
Delaware, Indiana 1 $ 30,000 $ 30,000 $ 92,000
Floyd, Indiana 1 $ 90,000 $ 90,000 $ 27,000
Henry, Indiana 1 $ 121,000 $ 121,000 $ 78,000
Howard, Indiana 1 $ 177,000 $ 177,000 $ 96,000
Kosciusko, Indiana 1 $ 360,000 $ 360,000 $ 258,000
Madison, Indiana 1 $ 59,000 $ 59,000 $ 105,000
Monroe, Indiana 1 $ 156,000 $ 156,000 $ 55,000
Morgan, Indiana 1 $ 80,000 $ 80,000 $ 38,000
Newton, Indiana 1 $ 52,000 $ 52,000 $ 26,000
Pulaski, Indiana 1 $ 48,000 $ 48,000 $ 131,000
Putnam, Indiana 1 $ 70,000 $ 70,000 $ 45,000
Shelby, Indiana 1 $ 10,000 $ 10,000 $ 63,000
Starke, Indiana 1 $ 90,000 $ 90,000 $ 59,000
Johnson, Iowa 1 $ 205,000 $ 205,000 $ 72,000
Douglas, Kansas 1 $ 180,000 $ 180,000 $ 186,000
Fayette, Kentucky 1 $ 172,000 $ 172,000 $ 153,000
Jefferson, Kentucky 1 $ 351,000 $ 351,000 $ 146,000
East Baton Rouge, Louisiana 1 $ 143,000 $ 143,000 $ 95,000
Howard, Maryland 1 $ 159,000 $ 159,000 $ 110,000
Barnstable, Massachusetts 1 $ 362,000 $ 362,000 $ 126,000
Middlesex, Massachusetts 1 $ 325,000 $ 325,000 $ 95,000
Suffolk, Massachusetts 1 $ 315,000 $ 315,000 $ 120,000
Berrien, Michigan 1 $ 336,000 $ 336,000 $ 492,000
Calhoun, Michigan 1 $ 144,000 $ 144,000 $ 93,000
Clinton, Michigan 1 $ 73,000 $ 73,000 $ 57,000
Grand Traverse, Michigan 1 $ 264,000 $ 264,000 $ 192,000
Lapeer, Michigan 1 $ 82,000 $ 82,000 $ 83,000
Wexford, Michigan 1 $ 61,000 $ 61,000 $ 39,000
Crow Wing, Minnesota 1 $ 180,000 $ 180,000 $ 106,000
Hennepin, Minnesota 1 $ 50,000 $ 50,000 $ 32,000
St. Charles, Missouri 1 $ 417,000 $ 417,000 $ 172,000
St. Louis, Missouri 1 $ 139,000 $ 139,000 $ 141,000
Atlantic, New Jersey 1 $ 205,000 $ 205,000 $ 93,000
Bernalillo, New Mexico 1 $ 194,000 $ 194,000 $ 83,000
Buncombe, North Carolina 1 $ 101,000 $ 101,000 $ 55,000
Carteret, North Carolina 1 $ 592,000 $ 592,000 $ 420,000
Wake, North Carolina 1 $ 285,000 $ 285,000 $ 75,000
Athens, Ohio 1 $ 276,000 $ 276,000 $ 162,000
Miami, Ohio 1 $ 160,000 $ 160,000 $ 66,000
Comanche, Oklahoma 1 $ 69,000 $ 69,000 $ 60,000
Benton, Oregon 1 $ 417,000 $ 417,000 $ 231,000
Allegheny, Pennsylvania 1 $ 650,000 $ 650,000 $ 225,000
Beaufort, South Carolina 1 $ 650,000 $ 650,000 $ 571,000
Franklin, Tennessee 1 $ 133,000 $ 133,000 $ 68,000
Greene, Tennessee 1 $ 112,000 $ 112,000 $ 64,000
Rutherford, Tennessee 1 $ 106,000 $ 106,000 $ 53,000
Williamson, Tennessee 1 $ 417,000 $ 417,000 $ 396,000
Bowie, Texas 1 $ 85,000 $ 85,000 $ 42,000
Collin, Texas 1 $ 152,000 $ 152,000 $ 62,000
Travis, Texas 1 $ 238,000 $ 238,000 $ 105,000
Arlington, Virginia 1 $ 315,000 $ 315,000 $ 86,000
Fairfax, Virginia 1 $ 177,000 $ 177,000 $ 102,000
Newport News, Virginia 1 $ 148,000 $ 148,000 $ 56,000
York, Virginia 1 $ 204,000 $ 204,000 $ 143,000
King, Washington 1 $ 236,000 $ 236,000 $ 153,000
Dane, Wisconsin 1 $ 141,000 $ 141,000 $ 45,000
Milwaukee, Wisconsin 1 $ 186,000 $ 186,000 $ 188,000
Waushara, Wisconsin 1 $ 50,000 $ 50,000 $ 77,000

Mortgage Loan Application Detail Totals for Purdue Federal CU in 2011

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 772 $115,893,000 $150,000 $2,512,000 $95,000 $618,000
Home Purchase 498 $84,234,000 $169,000 $2,200,000 $95,000 $1,500,000
Home Improvement 63 $11,719,000 $186,000 $417,000 $102,000 $220,000

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 1,105 $170,891,000 $154,000 $2,200,000 $94,000 $1,500,000
Not Provided 87 $14,007,000 $161,000 $417,000 $91,000 $271,000
Asian 75 $13,815,000 $184,000 $417,000 $96,000 $430,000
Hispanic 27 $3,637,000 $134,000 $359,000 $73,000 $212,000
Black or African American 26 $4,335,000 $166,000 $410,000 $108,000 $411,000
Not applicable 9 $4,186,000 $465,000 $2,512,000 $265,000 $897,000
American Indian or Alaskan Native 4 $975,000 $243,000 $402,000 $141,000 $249,000
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) 1,315 $210,653,000 $160,000 $2,512,000 $96,000 $1,500,000
FHA-insured (Federal Housing Administration) 16 $840,000 $52,000 $185,000 $57,000 $100,000
VA-guaranteed (Veterans Administration) 2 $353,000 $176,000 $204,000 $83,000 $98,000
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 985 $160,414,000 $162,000 $2,512,000 $99,000 $1,500,000
Application Withdrawn By Applicant 187 $30,477,000 $162,000 $417,000 $89,000 $323,000
Application Denied By Financial Institution 113 $13,019,000 $115,000 $520,000 $75,000 $618,000
File Closed For Incompleteness 26 $4,346,000 $167,000 $400,000 $91,000 $203,000
Application Approved But Not Accepted 22 $3,590,000 $163,000 $352,000 $84,000 $300,000
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
Credit History 46 $5,325,000 $115,000 $520,000 $62,000 $232,000
Collateral 26 $2,865,000 $110,000 $356,000 $95,000 $618,000
Debt-To-Income Ratio 22 $2,685,000 $122,000 $417,000 $55,000 $180,000
Other 10 $1,370,000 $137,000 $310,000 $130,000 $436,000
Insufficient Cash (Downpayment, Closing Cost) 4 $237,000 $59,000 $93,000 $106,000 $151,000
Unverifiable Information 1 $166,000 $166,000 $166,000 $65,000 $65,000
Employment History 1 $75,000 $75,000 $75,000 $30,000 $30,000
Credit Application Incomplete 1 $97,000 $97,000 $97,000 $35,000 $35,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Purdue Federal CU's 2011 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 Purdue Federal CU'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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