Purdue Federal CU Mortgage Lending & HMDA Data, 2016

In 2016, Purdue Federal CU of West Lafayette, IN reported 1,696 mortgage applications totaling $307.4 million, up 5% from 2015. The average application was for $181,254, and applicants reported an average income of $101,589. 70% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Lafayette-West Lafayette, IN (1,014), Indianapolis-Carmel-Anderson, IN (79) and Michigan City-La Porte, IN (25) (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 1,696
Total Mortgage Loan Application Amount $307,408,000
Average Mortgage Loan Application Amount $181,254
Highest Mortgage Loan Application Amount $2,900,000
Average Applicant Income $101,589
Highest Applicant Income $1,586,000

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Act (HMDA) records Purdue Federal CU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Tippecanoe, Indiana 1,166 $ 205,202,000 $ 175,987 $ 101,000
Hamilton, Indiana 35 $ 7,110,000 $ 203,142 $ 103,000
Carroll, Indiana 32 $ 5,594,000 $ 174,812 $ 90,000
Clinton, Indiana 30 $ 5,300,000 $ 176,666 $ 85,000
LaPorte, Indiana 30 $ 2,364,000 $ 78,800 $ 59,000
Marion, Indiana 26 $ 3,866,000 $ 148,692 $ 87,000
White, Indiana 26 $ 3,626,000 $ 139,461 $ 76,000
Boone, Indiana 15 $ 3,707,000 $ 247,133 $ 158,000
Warren, Indiana 11 $ 1,661,000 $ 151,000 $ 125,000
Montgomery, Indiana 9 $ 721,000 $ 80,111 $ 85,000
Cook, Illinois 8 $ 2,573,000 $ 321,625 $ 108,000
Benton, Indiana 8 $ 804,000 $ 100,500 $ 73,000
Hendricks, Indiana 8 $ 1,448,000 $ 181,000 $ 107,000
Johnson, Indiana 8 $ 1,897,000 $ 237,125 $ 125,000
Fountain, Indiana 7 $ 898,000 $ 128,285 $ 61,000
Maricopa, Arizona 6 $ 1,119,000 $ 186,500 $ 110,000
Lake, Indiana 6 $ 864,000 $ 144,000 $ 68,000
St. Joseph, Indiana 6 $ 1,156,000 $ 192,666 $ 97,000
Travis, Texas 6 $ 2,158,000 $ 359,666 $ 179,000
King, Washington 6 $ 2,690,000 $ 448,333 $ 171,000
Delaware, Indiana 5 $ 369,000 $ 73,800 $ 133,000
Howard, Indiana 5 $ 570,000 $ 114,000 $ 56,000
Cobb, Georgia 4 $ 1,514,000 $ 378,500 $ 190,000
Allen, Indiana 4 $ 610,000 $ 152,500 $ 74,000
Jasper, Indiana 4 $ 477,000 $ 119,250 $ 60,000
Porter, Indiana 4 $ 694,000 $ 173,500 $ 77,000
Hennepin, Minnesota 4 $ 1,222,000 $ 305,500 $ 134,000
Jefferson, Alabama 3 $ 752,000 $ 250,666 $ 61,000
San Diego, California 3 $ 1,276,000 $ 425,333 $ 159,000
El Paso, Colorado 3 $ 820,000 $ 273,333 $ 102,000
Hancock, Indiana 3 $ 558,000 $ 186,000 $ 129,000
Tipton, Indiana 3 $ 361,000 $ 120,333 $ 95,000
Harvey, Kansas 3 $ 489,000 $ 163,000 $ 130,000
East Baton Rouge, Louisiana 3 $ 893,000 $ 297,666 $ 142,000
Washtenaw, Michigan 3 $ 818,000 $ 272,666 $ 140,000
Hamilton, Ohio 3 $ 1,150,000 $ 383,333 $ 163,000
Centre, Pennsylvania 3 $ 689,000 $ 229,666 $ 131,000
Tolland, Connecticut 2 $ 343,000 $ 171,500 $ 118,000
Manatee, Florida 2 $ 446,000 $ 223,000 $ 145,000
Orange, Florida 2 $ 591,000 $ 295,500 $ 111,000
Columbia, Georgia 2 $ 438,000 $ 219,000 $ 83,000
Champaign, Illinois 2 $ 203,000 $ 101,500 $ 85,000
DuPage, Illinois 2 $ 275,000 $ 137,500 $ 112,000
Cass, Indiana 2 $ 297,000 $ 148,500 $ 68,000
DeKalb, Indiana 2 $ 222,000 $ 111,000 $ 59,000
Kosciusko, Indiana 2 $ 398,000 $ 199,000 $ 92,000
Monroe, Indiana 2 $ 290,000 $ 145,000 $ 75,000
Morgan, Indiana 2 $ 174,000 $ 87,000 $ 75,000
Parke, Indiana 2 $ 328,000 $ 164,000 $ 112,000
Putnam, Indiana 2 $ 222,000 $ 111,000 $ 35,000
Shelby, Indiana 2 $ 419,000 $ 209,500 $ 97,000
Starke, Indiana 2 $ 185,000 $ 92,500 $ 60,000
Cass, Michigan 2 $ 463,000 $ 231,500 $ 115,000
Oakland, Michigan 2 $ 427,000 $ 213,500 $ 98,000
Saginaw, Michigan 2 $ 273,000 $ 136,500 $ 62,000
Clay, Missouri 2 $ 626,000 $ 313,000 $ 245,000
Washoe, Nevada 2 $ 629,000 $ 314,500 $ 84,000
Mecklenburg, North Carolina 2 $ 670,000 $ 335,000 $ 110,000
Wake, North Carolina 2 $ 783,000 $ 391,500 $ 177,000
Chester, Pennsylvania 2 $ 530,000 $ 265,000 $ 120,000
Davidson, Tennessee 2 $ 373,000 $ 186,500 $ 59,000
Madison, Tennessee 2 $ 248,000 $ 124,000 $ 86,000
Dallas, Texas 2 $ 359,000 $ 179,500 $ 127,000
Galveston, Texas 2 $ 646,000 $ 323,000 $ 139,000
Prince William, Virginia 2 $ 1,022,000 $ 511,000 $ 253,000
Lee, Alabama 1 $ 319,000 $ 319,000 $ 120,000
Limestone, Alabama 1 $ 104,000 $ 104,000 $ 59,000
Montgomery, Alabama 1 $ 224,000 $ 224,000 $ 87,000
Pima, Arizona 1 $ 267,000 $ 267,000 $ 105,000
Alameda, California 1 $ 720,000 $ 720,000 $ 221,000
Contra Costa, California 1 $ 370,000 $ 370,000 $ 143,000
Los Angeles, California 1 $ 420,000 $ 420,000 $ 118,000
Marin, California 1 $ 475,000 $ 475,000 $ 138,000
Merced, California 1 $ 244,000 $ 244,000 $ 119,000
San Francisco, California 1 $ 400,000 $ 400,000 $ 98,000
San Joaquin, California 1 $ 416,000 $ 416,000 $ 153,000
Jefferson, Colorado 1 $ 300,000 $ 300,000 $ 112,000
Larimer, Colorado 1 $ 112,000 $ 112,000 $ 158,000
Hartford, Connecticut 1 $ 320,000 $ 320,000 $ 257,000
New Haven, Connecticut 1 $ 207,000 $ 207,000 $ 88,000
Alachua, Florida 1 $ 164,000 $ 164,000 $ 35,000
Brevard, Florida 1 $ 236,000 $ 236,000 $ 124,000
Broward, Florida 1 $ 214,000 $ 214,000 $ 76,000
Collier, Florida 1 $ 270,000 $ 270,000 $ 256,000
Osceola, Florida 1 $ 140,000 $ 140,000 $ 65,000
Sarasota, Florida 1 $ 212,000 $ 212,000 $ 104,000
Seminole, Florida 1 $ 189,000 $ 189,000 $ 85,000
St. Lucie, Florida 1 $ 144,000 $ 144,000 $ 46,000
Sumter, Florida 1 $ 147,000 $ 147,000 $ 76,000
Fulton, Georgia 1 $ 194,000 $ 194,000 $ 70,000
Houston, Georgia 1 $ 119,000 $ 119,000 $ 56,000
Muscogee, Georgia 1 $ 262,000 $ 262,000 $ 90,000
Nez Perce, Idaho 1 $ 117,000 $ 117,000 $ 54,000
Edgar, Illinois 1 $ 108,000 $ 108,000 $ 90,000
Iroquois, Illinois 1 $ 105,000 $ 105,000 $ 87,000
McHenry, Illinois 1 $ 283,000 $ 283,000 $ 183,000
Tazewell, Illinois 1 $ 130,000 $ 130,000 $ 53,000
Will, Illinois 1 $ 348,000 $ 348,000 $ 183,000
Winnebago, Illinois 1 $ 153,000 $ 153,000 $ 110,000
Woodford, Illinois 1 $ 97,000 $ 97,000 $ 47,000
Bartholomew, Indiana 1 $ 166,000 $ 166,000 $ 78,000
Dubois, Indiana 1 $ 366,000 $ 366,000 $ 120,000
Floyd, Indiana 1 $ 166,000 $ 166,000 $ 50,000
Fulton, Indiana 1 $ 388,000 $ 388,000 $ 208,000
Madison, Indiana 1 $ 42,000 $ 42,000 $ 32,000
Newton, Indiana 1 $ 153,000 $ 153,000 $ 67,000
Vanderburgh, Indiana 1 $ 157,000 $ 157,000 $ 57,000
Vermillion, Indiana 1 $ 11,000 $ 11,000 $ 65,000
Vigo, Indiana 1 $ 153,000 $ 153,000 $ 59,000
Wabash, Indiana 1 $ 214,000 $ 214,000 $ 82,000
Marion, Iowa 1 $ 184,000 $ 184,000 $ 53,000
Polk, Iowa 1 $ 114,000 $ 114,000 $ 65,000
Story, Iowa 1 $ 627,000 $ 627,000 $ 335,000
Clinton, Kentucky 1 $ 125,000 $ 125,000 $ 208,000
Jefferson, Kentucky 1 $ 74,000 $ 74,000 $ 87,000
Oldham, Kentucky 1 $ 135,000 $ 135,000 $ 86,000
Anne Arundel, Maryland 1 $ 664,000 $ 664,000 $ 331,000
Baltimore, Maryland 1 $ 268,000 $ 268,000 $ 68,000
Montgomery, Maryland 1 $ 646,000 $ 646,000 $ 209,000
Barnstable, Massachusetts 1 $ 285,000 $ 285,000 $ 151,000
Middlesex, Massachusetts 1 $ 765,000 $ 765,000 $ 204,000
Worcester, Massachusetts 1 $ 100,000 $ 100,000 $ 248,000
Ingham, Michigan 1 $ 355,000 $ 355,000 $ 164,000
Kalamazoo, Michigan 1 $ 130,000 $ 130,000 $ 70,000
Kent, Michigan 1 $ 100,000 $ 100,000 $ 31,000
Macomb, Michigan 1 $ 71,000 $ 71,000 $ 109,000
Mecosta, Michigan 1 $ 264,000 $ 264,000 $ 110,000
Presque Isle, Michigan 1 $ 11,000 $ 11,000 $ 93,000
Van Buren, Michigan 1 $ 165,000 $ 165,000 $ 146,000
Wayne, Michigan 1 $ 223,000 $ 223,000 $ 166,000
Dakota, Minnesota 1 $ 82,000 $ 82,000 $ 77,000
Boone, Missouri 1 $ 312,000 $ 312,000 $ 195,000
Greene, Missouri 1 $ 268,000 $ 268,000 $ 137,000
Jefferson, Missouri 1 $ 127,000 $ 127,000 $ 64,000
St. Louis City, Missouri 1 $ 94,000 $ 94,000 $ 60,000
Douglas, Nebraska 1 $ 324,000 $ 324,000 $ 150,000
Clark, Nevada 1 $ 92,000 $ 92,000 $ 44,000
Rockingham, New Hampshire 1 $ 130,000 $ 130,000 $ 104,000
Mercer, New Jersey 1 $ 175,000 $ 175,000 $ 96,000
Cabarrus, North Carolina 1 $ 261,000 $ 261,000 $ 90,000
Chatham, North Carolina 1 $ 320,000 $ 320,000 $ 139,000
Johnston, North Carolina 1 $ 354,000 $ 354,000 $ 113,000
Clermont, Ohio 1 $ 152,000 $ 152,000 $ 142,000
Cuyahoga, Ohio 1 $ 90,000 $ 90,000 $ 39,000
Franklin, Ohio 1 $ 126,000 $ 126,000 $ 41,000
Greene, Ohio 1 $ 157,000 $ 157,000 $ 110,000
Lorain, Ohio 1 $ 295,000 $ 295,000 $ 132,000
Lucas, Ohio 1 $ 351,000 $ 351,000 $ 92,000
Multnomah, Oregon 1 $ 380,000 $ 380,000 $ 237,000
Allegheny, Pennsylvania 1 $ 105,000 $ 105,000 $ 45,000
Fayette, Pennsylvania 1 $ 81,000 $ 81,000 $ 36,000
Lexington, South Carolina 1 $ 159,000 $ 159,000 $ 101,000
York, South Carolina 1 $ 120,000 $ 120,000 $ 89,000
Maury, Tennessee 1 $ 145,000 $ 145,000 $ 76,000
Rutherford, Tennessee 1 $ 288,000 $ 288,000 $ 70,000
Sumner, Tennessee 1 $ 156,000 $ 156,000 $ 69,000
Brazos, Texas 1 $ 558,000 $ 558,000 $ 319,000
Brewster, Texas 1 $ 143,000 $ 143,000 $ 136,000
Collin, Texas 1 $ 180,000 $ 180,000 $ 44,000
Denton, Texas 1 $ 208,000 $ 208,000 $ 91,000
Harris, Texas 1 $ 200,000 $ 200,000 $ 108,000
Hidalgo, Texas 1 $ 200,000 $ 200,000 $ 108,000
Salt Lake, Utah 1 $ 464,000 $ 464,000 $ 105,000
Albemarle, Virginia 1 $ 366,000 $ 366,000 $ 146,000
Alexandria, Virginia 1 $ 207,000 $ 207,000 $ 88,000
Fauquier, Virginia 1 $ 390,000 $ 390,000 $ 164,000
James City, Virginia 1 $ 300,000 $ 300,000 $ 483,000
Montgomery, Virginia 1 $ 228,000 $ 228,000 $ 283,000
Williamsburg, Virginia 1 $ 585,000 $ 585,000 $ 202,000
Spokane, Washington 1 $ 355,000 $ 355,000 $ 150,000
Wayne, West Virginia 1 $ 53,000 $ 53,000 $ 73,000
Dane, Wisconsin 1 $ 274,000 $ 274,000 $ 70,000
Fond du Lac, Wisconsin 1 $ 90,000 $ 90,000 $ 64,000
Milwaukee, Wisconsin 1 $ 215,000 $ 215,000 $ 187,000
Vernon, Wisconsin 1 $ 152,000 $ 152,000 $ 80,000
Walworth, Wisconsin 1 $ 127,000 $ 127,000 $ 63,000
Waukesha, Wisconsin 1 $ 324,000 $ 324,000 $ 138,000

Mortgage Loan Application Detail Totals for Purdue Federal CU in 2016

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 1,168 $228,037,000 $195,000 $765,000 $101,000 $1,586,000
Refinancing 455 $76,683,000 $168,000 $2,900,000 $104,000 $1,458,000
Home Improvement 73 $2,688,000 $36,000 $350,000 $96,000 $395,000

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 1,210 $208,555,000 $172,000 $2,900,000 $94,000 $634,000
Not Provided 255 $54,761,000 $214,000 $765,000 $108,000 $483,000
Asian 102 $22,068,000 $216,000 $650,000 $110,000 $519,000
Hispanic 48 $7,404,000 $154,000 $560,000 $83,000 $506,000
Black or African American 40 $8,473,000 $211,000 $646,000 $103,000 $210,000
Not applicable 31 $4,381,000 $141,000 $1,100,000 $340,000 $1,586,000
American Indian or Alaskan Native 6 $818,000 $136,000 $280,000 $109,000 $225,000
Native Hawaiin or Other Pacific Islander 4 $948,000 $237,000 $580,000 $96,000 $196,000

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) 1,695 $307,310,000 $181,000 $2,900,000 $102,000 $1,586,000
VA-guaranteed (Veterans Administration) 1 $98,000 $98,000 $98,000 $47,000 $47,000
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

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 1,189 $213,847,000 $179,000 $2,900,000 $106,000 $1,586,000
Application Withdrawn By Applicant 246 $50,250,000 $204,000 $765,000 $110,000 $634,000
File Closed For Incompleteness 143 $26,850,000 $187,000 $720,000 $83,000 $300,000
Application Denied By Financial Institution 108 $13,972,000 $129,000 $510,000 $66,000 $253,000
Application Approved But Not Accepted 10 $2,489,000 $248,000 $465,000 $103,000 $156,000
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 $7,304,000 $140,000 $510,000 $72,000 $225,000
Debt-To-Income Ratio 27 $2,892,000 $107,000 $270,000 $41,000 $90,000
Employment History 8 $800,000 $100,000 $166,000 $43,000 $130,000
Collateral 7 $1,008,000 $144,000 $388,000 $92,000 $207,000
Insufficient Cash (Downpayment, Closing Cost) 3 $660,000 $220,000 $332,000 $95,000 $104,000
Other 2 $488,000 $244,000 $437,000 $228,000 $253,000
Unverifiable Information 1 $58,000 $58,000 $58,000 $11,000 $11,000
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 Purdue Federal CU's 2016 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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