Purdue Federal CU Mortgage Lending & HMDA Data, 2015

In 2015, Purdue Federal CU of West Lafayette, IN reported 1,618 mortgage applications totaling $278.1 million, up 24% from 2014. The average application was for $171,891, and applicants reported an average income of $94,313. 65% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Lafayette-West Lafayette, IN (928), Indianapolis-Carmel-Anderson, IN (64) and Michigan City-La Porte, IN (32) (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 1,618
Total Mortgage Loan Application Amount $278,121,000
Average Mortgage Loan Application Amount $171,891
Highest Mortgage Loan Application Amount $3,803,000
Average Applicant Income $94,313
Highest Applicant Income $1,070,000

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Act (HMDA) records Purdue Federal CU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2015

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Tippecanoe, Indiana 1,044 $ 180,101,000 $ 172,510 $ 95,000
LaPorte, Indiana 40 $ 3,375,000 $ 84,375 $ 47,000
Carroll, Indiana 36 $ 4,243,000 $ 117,861 $ 72,000
Marion, Indiana 35 $ 5,264,000 $ 150,400 $ 74,000
Clinton, Indiana 33 $ 4,686,000 $ 142,000 $ 69,000
Hamilton, Indiana 33 $ 7,050,000 $ 213,636 $ 100,000
White, Indiana 32 $ 4,056,000 $ 126,750 $ 114,000
Benton, Indiana 20 $ 2,679,000 $ 133,950 $ 66,000
Hendricks, Indiana 14 $ 2,333,000 $ 166,642 $ 95,000
Fountain, Indiana 13 $ 1,149,000 $ 88,384 $ 72,000
Warren, Indiana 12 $ 1,628,000 $ 135,666 $ 71,000
Cook, Illinois 10 $ 4,237,000 $ 423,700 $ 168,000
Montgomery, Indiana 9 $ 1,430,000 $ 158,888 $ 102,000
Boone, Indiana 8 $ 1,148,000 $ 143,500 $ 77,000
Howard, Indiana 8 $ 1,217,000 $ 152,125 $ 67,000
Jasper, Indiana 8 $ 735,000 $ 91,875 $ 61,000
Lake, Indiana 7 $ 1,045,000 $ 149,285 $ 100,000
Bartholomew, Indiana 5 $ 827,000 $ 165,400 $ 179,000
Delaware, Indiana 5 $ 508,000 $ 101,600 $ 69,000
King, Washington 5 $ 1,516,000 $ 303,200 $ 96,000
Lee, Florida 4 $ 701,000 $ 175,250 $ 138,000
Allen, Indiana 4 $ 412,000 $ 103,000 $ 69,000
Porter, Indiana 4 $ 800,000 $ 200,000 $ 96,000
St. Joseph, Indiana 4 $ 482,000 $ 120,500 $ 78,000
Wake, North Carolina 4 $ 898,000 $ 224,500 $ 173,000
Maricopa, Arizona 3 $ 374,000 $ 124,666 $ 130,000
Pima, Arizona 3 $ 650,000 $ 216,666 $ 157,000
Broward, Florida 3 $ 919,000 $ 306,333 $ 196,000
DeKalb, Indiana 3 $ 629,000 $ 209,666 $ 56,000
Elkhart, Indiana 3 $ 330,000 $ 110,000 $ 53,000
Johnson, Indiana 3 $ 336,000 $ 112,000 $ 68,000
St. Louis, Missouri 3 $ 527,000 $ 175,666 $ 73,000
Hamilton, Ohio 3 $ 444,000 $ 148,000 $ 89,000
Davidson, Tennessee 3 $ 835,000 $ 278,333 $ 137,000
Collin, Texas 3 $ 990,000 $ 330,000 $ 127,000
Harris, Texas 3 $ 443,000 $ 147,666 $ 80,000
Jefferson, Alabama 2 $ 399,000 $ 199,500 $ 142,000
Los Angeles, California 2 $ 1,071,000 $ 535,500 $ 117,000
Denver, Colorado 2 $ 326,000 $ 163,000 $ 65,000
Brevard, Florida 2 $ 640,000 $ 320,000 $ 98,000
Sarasota, Florida 2 $ 467,000 $ 233,500 $ 63,000
Cobb, Georgia 2 $ 246,000 $ 123,000 $ 115,000
Fulton, Georgia 2 $ 511,000 $ 255,500 $ 70,000
Champaign, Illinois 2 $ 561,000 $ 280,500 $ 90,000
Jackson, Illinois 2 $ 179,000 $ 89,500 $ 86,000
McHenry, Illinois 2 $ 217,000 $ 108,500 $ 57,000
McLean, Illinois 2 $ 541,000 $ 270,500 $ 195,000
Dearborn, Indiana 2 $ 645,000 $ 322,500 $ 51,000
Miami, Indiana 2 $ 345,000 $ 172,500 $ 65,000
Parke, Indiana 2 $ 393,000 $ 196,500 $ 109,000
Vanderburgh, Indiana 2 $ 305,000 $ 152,500 $ 74,000
Story, Iowa 2 $ 803,000 $ 401,500 $ 222,000
Riley, Kansas 2 $ 419,000 $ 209,500 $ 134,000
Howard, Maryland 2 $ 410,000 $ 205,000 $ 58,000
Wayne, Michigan 2 $ 428,000 $ 214,000 $ 76,000
Union, North Carolina 2 $ 441,000 $ 220,500 $ 104,000
Cuyahoga, Ohio 2 $ 557,000 $ 278,500 $ 154,000
Miami, Ohio 2 $ 244,000 $ 122,000 $ 95,000
Multnomah, Oregon 2 $ 822,000 $ 411,000 $ 127,000
Fort Bend, Texas 2 $ 520,000 $ 260,000 $ 119,000
Loudoun, Virginia 2 $ 829,000 $ 414,500 $ 97,000
Dane, Wisconsin 2 $ 294,000 $ 147,000 $ 94,000
Alameda, California 1 $ 374,000 $ 374,000 $ 0
Fresno, California 1 $ 320,000 $ 320,000 $ 89,000
Marin, California 1 $ 276,000 $ 276,000 $ 121,000
Monterey, California 1 $ 276,000 $ 276,000 $ 90,000
San Bernardino, California 1 $ 232,000 $ 232,000 $ 176,000
San Diego, California 1 $ 325,000 $ 325,000 $ 109,000
Santa Clara, California 1 $ 625,000 $ 625,000 $ 320,000
Sonoma, California 1 $ 400,000 $ 400,000 $ 202,000
El Paso, Colorado 1 $ 409,000 $ 409,000 $ 300,000
Grand, Colorado 1 $ 242,000 $ 242,000 $ 148,000
Fairfield, Connecticut 1 $ 266,000 $ 266,000 $ 78,000
District of Columbia, District Of Columbia 1 $ 400,000 $ 400,000 $ 100,000
Clay, Florida 1 $ 143,000 $ 143,000 $ 50,000
Hernando, Florida 1 $ 106,000 $ 106,000 $ 31,000
Highlands, Florida 1 $ 86,000 $ 86,000 $ 158,000
Hillsborough, Florida 1 $ 255,000 $ 255,000 $ 150,000
Lake, Florida 1 $ 150,000 $ 150,000 $ 50,000
Leon, Florida 1 $ 229,000 $ 229,000 $ 188,000
Marion, Florida 1 $ 60,000 $ 60,000 $ 125,000
Osceola, Florida 1 $ 148,000 $ 148,000 $ 198,000
Palm Beach, Florida 1 $ 135,000 $ 135,000 $ 42,000
Pinellas, Florida 1 $ 112,000 $ 112,000 $ 102,000
Polk, Florida 1 $ 158,000 $ 158,000 $ 189,000
Columbia, Georgia 1 $ 187,000 $ 187,000 $ 83,000
Oconee, Georgia 1 $ 362,000 $ 362,000 $ 160,000
Ada, Idaho 1 $ 368,000 $ 368,000 $ 95,000
Adams, Illinois 1 $ 145,000 $ 145,000 $ 80,000
DeKalb, Illinois 1 $ 100,000 $ 100,000 $ 42,000
DuPage, Illinois 1 $ 390,000 $ 390,000 $ 115,000
Kane, Illinois 1 $ 225,000 $ 225,000 $ 71,000
Lake, Illinois 1 $ 450,000 $ 450,000 $ 151,000
Madison, Illinois 1 $ 274,000 $ 274,000 $ 176,000
Putnam, Illinois 1 $ 128,000 $ 128,000 $ 128,000
Whiteside, Illinois 1 $ 82,000 $ 82,000 $ 93,000
Cass, Indiana 1 $ 166,000 $ 166,000 $ 82,000
Clark, Indiana 1 $ 99,000 $ 99,000 $ 31,000
Floyd, Indiana 1 $ 58,000 $ 58,000 $ 31,000
Hancock, Indiana 1 $ 25,000 $ 25,000 $ 129,000
Henry, Indiana 1 $ 122,000 $ 122,000 $ 88,000
Huntington, Indiana 1 $ 45,000 $ 45,000 $ 29,000
Monroe, Indiana 1 $ 369,000 $ 369,000 $ 238,000
Morgan, Indiana 1 $ 178,000 $ 178,000 $ 74,000
Orange, Indiana 1 $ 88,000 $ 88,000 $ 92,000
Pulaski, Indiana 1 $ 104,000 $ 104,000 $ 31,000
Vermillion, Indiana 1 $ 209,000 $ 209,000 $ 65,000
Vigo, Indiana 1 $ 167,000 $ 167,000 $ 0
Wayne, Indiana 1 $ 68,000 $ 68,000 $ 34,000
Whitley, Indiana 1 $ 77,000 $ 77,000 $ 0
Jefferson, Kentucky 1 $ 75,000 $ 75,000 $ 79,000
Oldham, Kentucky 1 $ 190,000 $ 190,000 $ 64,000
Warren, Kentucky 1 $ 174,000 $ 174,000 $ 0
Calcasieu, Louisiana 1 $ 247,000 $ 247,000 $ 150,000
Allegany, Maryland 1 $ 63,000 $ 63,000 $ 41,000
Anne Arundel, Maryland 1 $ 152,000 $ 152,000 $ 29,000
Montgomery, Maryland 1 $ 272,000 $ 272,000 $ 94,000
Prince George's, Maryland 1 $ 135,000 $ 135,000 $ 45,000
Berrien, Michigan 1 $ 252,000 $ 252,000 $ 180,000
Kent, Michigan 1 $ 252,000 $ 252,000 $ 96,000
Livingston, Michigan 1 $ 113,000 $ 113,000 $ 90,000
Oakland, Michigan 1 $ 125,000 $ 125,000 $ 39,000
Van Buren, Michigan 1 $ 95,000 $ 95,000 $ 50,000
Dakota, Minnesota 1 $ 107,000 $ 107,000 $ 29,000
Harrison, Mississippi 1 $ 124,000 $ 124,000 $ 59,000
Boone, Missouri 1 $ 35,000 $ 35,000 $ 139,000
Cape Girardeau, Missouri 1 $ 410,000 $ 410,000 $ 500,000
Clay, Missouri 1 $ 120,000 $ 120,000 $ 42,000
Greene, Missouri 1 $ 180,000 $ 180,000 $ 135,000
Phelps, Missouri 1 $ 109,000 $ 109,000 $ 58,000
Gallatin, Montana 1 $ 270,000 $ 270,000 $ 90,000
Washoe, Nevada 1 $ 338,000 $ 338,000 $ 151,000
Hillsborough, New Hampshire 1 $ 280,000 $ 280,000 $ 80,000
Sullivan, New Hampshire 1 $ 214,000 $ 214,000 $ 115,000
Rio Arriba, New Mexico 1 $ 300,000 $ 300,000 $ 173,000
Santa Fe, New Mexico 1 $ 312,000 $ 312,000 $ 91,000
Taos, New Mexico 1 $ 234,000 $ 234,000 $ 173,000
Carteret, North Carolina 1 $ 491,000 $ 491,000 $ 520,000
Durham, North Carolina 1 $ 240,000 $ 240,000 $ 130,000
Graham, North Carolina 1 $ 500,000 $ 500,000 $ 228,000
Guilford, North Carolina 1 $ 124,000 $ 124,000 $ 76,000
Mecklenburg, North Carolina 1 $ 51,000 $ 51,000 $ 56,000
Orange, North Carolina 1 $ 170,000 $ 170,000 $ 159,000
Wilson, North Carolina 1 $ 169,000 $ 169,000 $ 0
Butler, Ohio 1 $ 201,000 $ 201,000 $ 142,000
Defiance, Ohio 1 $ 53,000 $ 53,000 $ 68,000
Hancock, Ohio 1 $ 174,000 $ 174,000 $ 70,000
Hardin, Ohio 1 $ 60,000 $ 60,000 $ 28,000
Lorain, Ohio 1 $ 270,000 $ 270,000 $ 192,000
Warren, Ohio 1 $ 260,000 $ 260,000 $ 141,000
Pontotoc, Oklahoma 1 $ 238,000 $ 238,000 $ 133,000
Deschutes, Oregon 1 $ 192,000 $ 192,000 $ 159,000
Washington, Oregon 1 $ 417,000 $ 417,000 $ 107,000
Allegheny, Pennsylvania 1 $ 385,000 $ 385,000 $ 235,000
Delaware, Pennsylvania 1 $ 170,000 $ 170,000 $ 104,000
Providence, Rhode Island 1 $ 313,000 $ 313,000 $ 127,000
Charleston, South Carolina 1 $ 196,000 $ 196,000 $ 159,000
Florence, South Carolina 1 $ 135,000 $ 135,000 $ 80,000
Lexington, South Carolina 1 $ 465,000 $ 465,000 $ 151,000
Richland, South Carolina 1 $ 143,000 $ 143,000 $ 75,000
Hamilton, Tennessee 1 $ 100,000 $ 100,000 $ 143,000
Knox, Tennessee 1 $ 142,000 $ 142,000 $ 100,000
Putnam, Tennessee 1 $ 230,000 $ 230,000 $ 103,000
Sevier, Tennessee 1 $ 55,000 $ 55,000 $ 155,000
Williamson, Tennessee 1 $ 235,000 $ 235,000 $ 285,000
Denton, Texas 1 $ 222,000 $ 222,000 $ 106,000
Montgomery, Texas 1 $ 203,000 $ 203,000 $ 80,000
Tarrant, Texas 1 $ 500,000 $ 500,000 $ 272,000
Travis, Texas 1 $ 605,000 $ 605,000 $ 196,000
Cache, Utah 1 $ 173,000 $ 173,000 $ 49,000
Washington, Vermont 1 $ 155,000 $ 155,000 $ 95,000
Fairfax, Virginia 1 $ 280,000 $ 280,000 $ 138,000
Frederick, Virginia 1 $ 365,000 $ 365,000 $ 76,000
James City, Virginia 1 $ 465,000 $ 465,000 $ 487,000
Prince William, Virginia 1 $ 603,000 $ 603,000 $ 224,000
Stafford, Virginia 1 $ 282,000 $ 282,000 $ 150,000
Whitman, Washington 1 $ 298,000 $ 298,000 $ 110,000
Milwaukee, Wisconsin 1 $ 225,000 $ 225,000 $ 137,000
Vernon, Wisconsin 1 $ 128,000 $ 128,000 $ 71,000

Mortgage Loan Application Detail Totals for Purdue Federal CU in 2015

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 1,078 $193,026,000 $179,000 $1,500,000 $95,000 $900,000
Refinancing 483 $83,668,000 $173,000 $3,803,000 $94,000 $1,070,000
Home Improvement 57 $1,427,000 $25,000 $144,000 $84,000 $618,000

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 1,151 $176,059,000 $152,000 $1,300,000 $91,000 $900,000
Not Provided 278 $53,030,000 $190,000 $650,000 $85,000 $375,000
Asian 71 $15,285,000 $215,000 $625,000 $103,000 $370,000
Black or African American 43 $7,532,000 $175,000 $603,000 $124,000 $515,000
Hispanic 39 $5,437,000 $139,000 $500,000 $91,000 $250,000
Not applicable 29 $20,024,000 $690,000 $3,803,000 $268,000 $1,070,000
American Indian or Alaskan Native 6 $670,000 $111,000 $236,000 $55,000 $105,000
Native Hawaiian or Other Pacific Islander 1 $84,000 $84,000 $84,000 $83,000 $83,000

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) 1,582 $274,519,000 $173,000 $3,803,000 $95,000 $1,070,000
FHA-insured (Federal Housing Administration) 29 $2,815,000 $97,000 $247,000 $66,000 $147,000
VA-guaranteed (Veterans Administration) 7 $787,000 $112,000 $153,000 $79,000 $174,000
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 1,055 $190,918,000 $180,000 $3,803,000 $104,000 $1,070,000
Application Withdrawn By Applicant 273 $48,293,000 $176,000 $1,300,000 $86,000 $487,000
Application Denied By Financial Institution 154 $15,477,000 $100,000 $625,000 $58,000 $475,000
File Closed For Incompleteness 132 $22,803,000 $172,000 $625,000 $77,000 $324,000
Application Approved But Not Accepted 4 $630,000 $157,000 $274,000 $84,000 $133,000
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 52 $5,093,000 $97,000 $370,000 $55,000 $475,000
Debt-To-Income Ratio 45 $5,155,000 $114,000 $425,000 $54,000 $137,000
Collateral 21 $1,444,000 $68,000 $242,000 $71,000 $192,000
Insufficient Cash (Downpayment, Closing Cost) 12 $768,000 $64,000 $195,000 $51,000 $190,000
Other 9 $901,000 $100,000 $247,000 $38,000 $132,000
Employment History 3 $311,000 $103,000 $135,000 $43,000 $63,000
Credit Application Incomplete 1 $70,000 $70,000 $70,000 $22,000 $22,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Purdue Federal CU's 2015 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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