Purdue Federal CU Mortgage Lending & HMDA Data, 2017

In 2017, Purdue Federal CU of West Lafayette, IN reported 1,234 mortgage applications totaling $224.2 million, down 27% from 2016. The average application was for $181,686, and applicants reported an average income of $105,400. 83% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Lafayette-West Lafayette, IN (889), Indianapolis-Carmel-Anderson, IN (84) and Gary, IN (19) (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 1,234
Total Mortgage Loan Application Amount $224,201,000
Average Mortgage Loan Application Amount $181,686
Highest Mortgage Loan Application Amount $1,013,000
Average Applicant Income $105,400
Highest Applicant Income $1,365,000

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Act (HMDA) records Purdue Federal CU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2017

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Tippecanoe, Indiana 860 $ 149,494,000 $ 173,830 $ 100,000
White, Indiana 32 $ 5,607,000 $ 175,218 $ 88,000
Hamilton, Indiana 29 $ 6,892,000 $ 237,655 $ 135,000
Marion, Indiana 24 $ 3,014,000 $ 125,583 $ 89,000
Carroll, Indiana 23 $ 3,263,000 $ 141,869 $ 95,000
Clinton, Indiana 16 $ 2,260,000 $ 141,250 $ 74,000
LaPorte, Indiana 16 $ 1,586,000 $ 99,125 $ 65,000
Hendricks, Indiana 13 $ 2,125,000 $ 163,461 $ 103,000
Lake, Indiana 11 $ 1,948,000 $ 177,090 $ 118,000
Boone, Indiana 10 $ 1,632,000 $ 163,200 $ 107,000
Fountain, Indiana 9 $ 1,985,000 $ 220,555 $ 75,000
Benton, Indiana 6 $ 751,000 $ 125,166 $ 65,000
Warren, Indiana 5 $ 1,063,000 $ 212,600 $ 89,000
Pima, Arizona 4 $ 892,000 $ 223,000 $ 91,000
San Bernardino, California 4 $ 1,900,000 $ 475,000 $ 189,000
DuPage, Illinois 4 $ 1,119,000 $ 279,750 $ 149,000
Jasper, Indiana 4 $ 671,000 $ 167,750 $ 109,000
Montgomery, Indiana 4 $ 555,000 $ 138,750 $ 94,000
Porter, Indiana 4 $ 272,000 $ 68,000 $ 100,000
St. Joseph, Indiana 4 $ 474,000 $ 118,500 $ 74,000
Allen, Indiana 3 $ 258,000 $ 86,000 $ 87,000
Bartholomew, Indiana 3 $ 451,000 $ 150,333 $ 96,000
Johnson, Indiana 3 $ 391,000 $ 130,333 $ 77,000
Monroe, Indiana 3 $ 546,000 $ 182,000 $ 78,000
Jefferson, Kentucky 3 $ 752,000 $ 250,666 $ 149,000
Middlesex, Massachusetts 3 $ 1,851,000 $ 617,000 $ 159,000
Ingham, Michigan 3 $ 576,000 $ 192,000 $ 130,000
Allegheny, Pennsylvania 3 $ 424,000 $ 141,333 $ 47,000
Maricopa, Arizona 2 $ 361,000 $ 180,500 $ 176,000
Boone, Arkansas 2 $ 499,000 $ 249,500 $ 101,000
Los Angeles, California 2 $ 1,221,000 $ 610,500 $ 327,000
El Paso, Colorado 2 $ 505,000 $ 252,500 $ 328,000
Champaign, Illinois 2 $ 752,000 $ 376,000 $ 203,000
Cook, Illinois 2 $ 585,000 $ 292,500 $ 138,000
Brown, Indiana 2 $ 763,000 $ 381,500 $ 245,000
Hancock, Indiana 2 $ 213,000 $ 106,500 $ 192,000
McCracken, Kentucky 2 $ 145,000 $ 72,500 $ 33,000
East Baton Rouge, Louisiana 2 $ 349,000 $ 174,500 $ 179,000
Baltimore City, Maryland 2 $ 449,000 $ 224,500 $ 96,000
Leelanau, Michigan 2 $ 571,000 $ 285,500 $ 179,000
Wayne, Michigan 2 $ 816,000 $ 408,000 $ 152,000
Dakota, Minnesota 2 $ 528,000 $ 264,000 $ 175,000
Durham, North Carolina 2 $ 317,000 $ 158,500 $ 85,000
Cuyahoga, Ohio 2 $ 520,000 $ 260,000 $ 165,000
Multnomah, Oregon 2 $ 598,000 $ 299,000 $ 173,000
Washington, Oregon 2 $ 685,000 $ 342,500 $ 117,000
James City, Virginia 2 $ 848,000 $ 424,000 $ 480,000
Colbert, Alabama 1 $ 100,000 $ 100,000 $ 157,000
Pinal, Arizona 1 $ 204,000 $ 204,000 $ 180,000
Pulaski, Arkansas 1 $ 70,000 $ 70,000 $ 120,000
Washington, Arkansas 1 $ 362,000 $ 362,000 $ 168,000
Alameda, California 1 $ 461,000 $ 461,000 $ 131,000
San Diego, California 1 $ 400,000 $ 400,000 $ 114,000
Santa Clara, California 1 $ 600,000 $ 600,000 $ 229,000
Denver, Colorado 1 $ 172,000 $ 172,000 $ 108,000
Douglas, Colorado 1 $ 355,000 $ 355,000 $ 292,000
Larimer, Colorado 1 $ 132,000 $ 132,000 $ 54,000
Hartford, Connecticut 1 $ 222,000 $ 222,000 $ 71,000
Brevard, Florida 1 $ 242,000 $ 242,000 $ 118,000
Hillsborough, Florida 1 $ 203,000 $ 203,000 $ 97,000
Lee, Florida 1 $ 420,000 $ 420,000 $ 608,000
Orange, Florida 1 $ 300,000 $ 300,000 $ 165,000
Palm Beach, Florida 1 $ 520,000 $ 520,000 $ 195,000
Pasco, Florida 1 $ 125,000 $ 125,000 $ 57,000
Sarasota, Florida 1 $ 97,000 $ 97,000 $ 60,000
Chatham, Georgia 1 $ 233,000 $ 233,000 $ 188,000
Fayette, Georgia 1 $ 417,000 $ 417,000 $ 267,000
Forsyth, Georgia 1 $ 319,000 $ 319,000 $ 75,000
Fulton, Georgia 1 $ 127,000 $ 127,000 $ 72,000
Twin Falls, Idaho 1 $ 140,000 $ 140,000 $ 40,000
Douglas, Illinois 1 $ 150,000 $ 150,000 $ 59,000
Kane, Illinois 1 $ 215,000 $ 215,000 $ 148,000
McLean, Illinois 1 $ 146,000 $ 146,000 $ 35,000
Winnebago, Illinois 1 $ 162,000 $ 162,000 $ 110,000
Delaware, Indiana 1 $ 89,000 $ 89,000 $ 40,000
Elkhart, Indiana 1 $ 30,000 $ 30,000 $ 33,000
Howard, Indiana 1 $ 101,000 $ 101,000 $ 80,000
Jackson, Indiana 1 $ 175,000 $ 175,000 $ 67,000
Kosciusko, Indiana 1 $ 90,000 $ 90,000 $ 125,000
LaGrange, Indiana 1 $ 50,000 $ 50,000 $ 105,000
Madison, Indiana 1 $ 194,000 $ 194,000 $ 94,000
Orange, Indiana 1 $ 74,000 $ 74,000 $ 218,000
Owen, Indiana 1 $ 196,000 $ 196,000 $ 68,000
Parke, Indiana 1 $ 220,000 $ 220,000 $ 268,000
Steuben, Indiana 1 $ 136,000 $ 136,000 $ 75,000
Tipton, Indiana 1 $ 116,000 $ 116,000 $ 60,000
Vanderburgh, Indiana 1 $ 136,000 $ 136,000 $ 76,000
Johnson, Iowa 1 $ 240,000 $ 240,000 $ 200,000
Poweshiek, Iowa 1 $ 166,000 $ 166,000 $ 134,000
Boone, Kentucky 1 $ 456,000 $ 456,000 $ 175,000
Caldwell, Kentucky 1 $ 38,000 $ 38,000 $ 128,000
Jackson, Kentucky 1 $ 63,000 $ 63,000 $ 112,000
Oldham, Kentucky 1 $ 274,000 $ 274,000 $ 92,000
St. Tammany, Louisiana 1 $ 156,000 $ 156,000 $ 36,000
Howard, Maryland 1 $ 375,000 $ 375,000 $ 103,000
Montgomery, Maryland 1 $ 751,000 $ 751,000 $ 205,000
Talbot, Maryland 1 $ 314,000 $ 314,000 $ 138,000
Worcester, Maryland 1 $ 144,000 $ 144,000 $ 357,000
Essex, Massachusetts 1 $ 297,000 $ 297,000 $ 116,000
Barry, Michigan 1 $ 157,000 $ 157,000 $ 54,000
Calhoun, Michigan 1 $ 179,000 $ 179,000 $ 142,000
Manistee, Michigan 1 $ 104,000 $ 104,000 $ 225,000
Oakland, Michigan 1 $ 246,000 $ 246,000 $ 99,000
Washtenaw, Michigan 1 $ 262,000 $ 262,000 $ 79,000
Hennepin, Minnesota 1 $ 539,000 $ 539,000 $ 149,000
Lincoln, Nebraska 1 $ 86,000 $ 86,000 $ 86,000
Clark, Nevada 1 $ 244,000 $ 244,000 $ 139,000
Mercer, New Jersey 1 $ 308,000 $ 308,000 $ 234,000
Middlesex, New Jersey 1 $ 326,000 $ 326,000 $ 156,000
Sussex, New Jersey 1 $ 40,000 $ 40,000 $ 324,000
Bernalillo, New Mexico 1 $ 166,000 $ 166,000 $ 119,000
Alamance, North Carolina 1 $ 200,000 $ 200,000 $ 109,000
Forsyth, North Carolina 1 $ 348,000 $ 348,000 $ 332,000
Transylvania, North Carolina 1 $ 360,000 $ 360,000 $ 122,000
Butler, Ohio 1 $ 285,000 $ 285,000 $ 350,000
Franklin, Ohio 1 $ 124,000 $ 124,000 $ 265,000
Warren, Ohio 1 $ 74,000 $ 74,000 $ 56,000
Butler, Pennsylvania 1 $ 390,000 $ 390,000 $ 178,000
Greenville, South Carolina 1 $ 202,000 $ 202,000 $ 59,000
Oconee, South Carolina 1 $ 798,000 $ 798,000 $ 375,000
Richland, South Carolina 1 $ 159,000 $ 159,000 $ 55,000
Davidson, Tennessee 1 $ 304,000 $ 304,000 $ 295,000
Collin, Texas 1 $ 10,000 $ 10,000 $ 103,000
Dallas, Texas 1 $ 214,000 $ 214,000 $ 105,000
Travis, Texas 1 $ 306,000 $ 306,000 $ 119,000
Manassas, Virginia 1 $ 316,000 $ 316,000 $ 109,000
Montgomery, Virginia 1 $ 216,000 $ 216,000 $ 190,000
Northampton, Virginia 1 $ 340,000 $ 340,000 $ 293,000
Prince William, Virginia 1 $ 296,000 $ 296,000 $ 150,000
Pierce, Washington 1 $ 287,000 $ 287,000 $ 81,000
Harrison, West Virginia 1 $ 250,000 $ 250,000 $ 100,000
Calumet, Wisconsin 1 $ 184,000 $ 184,000 $ 63,000
Columbia, Wisconsin 1 $ 32,000 $ 32,000 $ 92,000
Eau Claire, Wisconsin 1 $ 100,000 $ 100,000 $ 55,000
Langlade, Wisconsin 1 $ 15,000 $ 15,000 $ 66,000
Sawyer, Wisconsin 1 $ 64,000 $ 64,000 $ 104,000
St. Croix, Wisconsin 1 $ 418,000 $ 418,000 $ 125,000

Mortgage Loan Application Detail Totals for Purdue Federal CU in 2017

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 921 $186,942,000 $202,000 $798,000 $108,000 $1,365,000
Refinancing 225 $34,174,000 $151,000 $1,013,000 $100,000 $480,000
Home Improvement 88 $3,085,000 $35,000 $408,000 $92,000 $427,000

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 870 $147,832,000 $169,000 $1,013,000 $100,000 $1,365,000
Not Provided 210 $47,214,000 $224,000 $798,000 $122,000 $562,000
Asian 70 $14,591,000 $208,000 $635,000 $124,000 $598,000
Hispanic 44 $6,089,000 $138,000 $441,000 $72,000 $240,000
Black or African American 24 $5,199,000 $216,000 $539,000 $118,000 $300,000
Not applicable 16 $3,276,000 $204,000 $800,000 $170,000 $482,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
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) 1,234 $224,201,000 $181,000 $1,013,000 $106,000 $1,365,000
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 1,019 $190,661,000 $187,000 $1,013,000 $108,000 $1,365,000
Application Withdrawn By Applicant 157 $25,820,000 $164,000 $751,000 $103,000 $381,000
Application Denied By Financial Institution 47 $5,127,000 $109,000 $640,000 $70,000 $290,000
File Closed For Incompleteness 10 $2,026,000 $202,000 $424,000 $124,000 $521,000
Application Approved But Not Accepted 1 $567,000 $567,000 $567,000 $147,000 $147,000
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
Debt-To-Income Ratio 16 $2,087,000 $130,000 $640,000 $61,000 $290,000
Credit History 14 $1,229,000 $87,000 $336,000 $73,000 $198,000
Other 7 $907,000 $129,000 $250,000 $75,000 $114,000
Collateral 5 $435,000 $87,000 $311,000 $103,000 $189,000
Insufficient Cash (Downpayment, Closing Cost) 3 $279,000 $93,000 $105,000 $49,000 $66,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Purdue Federal CU's 2017 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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