Purdue Federal CU Mortgage Lending & HMDA Data, 2021

In 2021, Purdue Federal CU of West Lafayette, IN reported 2,855 mortgage applications totaling $516.5 million, down 6% from 2020. The average application was for $180,922, and applicants reported an average income of $113,334. 75% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Lafayette-West Lafayette, IN (1,898), Indianapolis-Carmel-Anderson, IN (161) and Gary, IN (88) (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
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2004  2003  
Total Number of Mortgage Applications 2,855
Total Mortgage Loan Application Amount $516,535,000
Average Mortgage Loan Application Amount $180,922
Highest Mortgage Loan Application Amount $6,375,000
Average Applicant Income $113,334
Highest Applicant Income $2,736,000

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Act (HMDA) records Purdue Federal CU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2021

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Tippecanoe, Indiana 1,784 $ 321,220,000 $ 180,056 $ 113,000
Carroll, Indiana 68 $ 9,590,000 $ 141,029 $ 82,000
LaPorte, Indiana 63 $ 7,545,000 $ 119,761 $ 90,000
White, Indiana 61 $ 9,255,000 $ 151,721 $ 92,000
Clinton, Indiana 50 $ 7,130,000 $ 142,600 $ 110,000
Marion, Indiana 49 $ 7,775,000 $ 158,673 $ 134,000
Hamilton, Indiana 48 $ 10,870,000 $ 226,458 $ 190,000
Lake, Indiana 47 $ 9,055,000 $ 192,659 $ 101,000
Benton, Indiana 31 $ 3,635,000 $ 117,258 $ 70,000
Hendricks, Indiana 25 $ 3,995,000 $ 159,800 $ 89,000
Porter, Indiana 25 $ 3,895,000 $ 155,800 $ 86,000
Montgomery, Indiana 20 $ 2,670,000 $ 133,500 $ 85,000
Boone, Indiana 17 $ 4,465,000 $ 262,647 $ 112,000
Fountain, Indiana 15 $ 2,585,000 $ 172,333 $ 99,000
Warren, Indiana 15 $ 1,865,000 $ 124,333 $ 73,000
Cook, Illinois 12 $ 2,530,000 $ 210,833 $ 166,000
Jasper, Indiana 12 $ 1,200,000 $ 100,000 $ 90,000
St. Joseph, Indiana 12 $ 1,320,000 $ 110,000 $ 105,000
Lee, Florida 10 $ 3,510,000 $ 351,000 $ 193,000
Allen, Indiana 9 $ 2,355,000 $ 261,666 $ 97,000
Howard, Indiana 9 $ 575,000 $ 63,888 $ 67,000
Johnson, Indiana 8 $ 1,300,000 $ 162,500 $ 145,000
Will, Illinois 6 $ 1,180,000 $ 196,666 $ 153,000
Monroe, Indiana 6 $ 1,290,000 $ 215,000 $ 153,000
Wake, North Carolina 6 $ 1,740,000 $ 290,000 $ 118,000
Cass, Indiana 5 $ 415,000 $ 83,000 $ 64,000
Grant, Indiana 5 $ 385,000 $ 77,000 $ 115,000
Vanderburgh, Indiana 5 $ 345,000 $ 69,000 $ 97,000
Allegheny, Pennsylvania 5 $ 735,000 $ 147,000 $ 95,000
Maricopa, Arizona 4 $ 2,410,000 $ 602,500 $ 262,000
Broward, Florida 4 $ 1,380,000 $ 345,000 $ 97,000
Champaign, Illinois 4 $ 1,000,000 $ 250,000 $ 199,000
Kane, Illinois 4 $ 450,000 $ 112,500 $ 208,000
Hancock, Indiana 4 $ 470,000 $ 117,500 $ 116,000
Marshall, Indiana 4 $ 790,000 $ 197,500 $ 70,000
Newton, Indiana 4 $ 570,000 $ 142,500 $ 66,000
Baltimore City, Maryland 4 $ 820,000 $ 205,000 $ 116,000
Berrien, Michigan 4 $ 660,000 $ 165,000 $ 171,000
Cuyahoga, Ohio 4 $ 1,270,000 $ 317,500 $ 211,000
Hamilton, Ohio 4 $ 690,000 $ 172,500 $ 84,000
Warren, Ohio 4 $ 1,030,000 $ 257,500 $ 184,000
King, Washington 4 $ 1,450,000 $ 362,500 $ 199,000
San Bernardino, California 3 $ 955,000 $ 318,333 $ 105,000
Alachua, Florida 3 $ 825,000 $ 275,000 $ 116,000
Cobb, Georgia 3 $ 635,000 $ 211,666 $ 214,000
Paulding, Georgia 3 $ 745,000 $ 248,333 $ 300,000
McHenry, Illinois 3 $ 945,000 $ 315,000 $ 133,000
Delaware, Indiana 3 $ 275,000 $ 91,666 $ 95,000
Madison, Indiana 3 $ 535,000 $ 178,333 $ 93,000
Morgan, Indiana 3 $ 335,000 $ 111,666 $ 93,000
Wabash, Indiana 3 $ 615,000 $ 205,000 $ 70,000
Oakland, Michigan 3 $ 465,000 $ 155,000 $ 60,000
Durham, North Carolina 3 $ 795,000 $ 265,000 $ 106,000
Davidson, Tennessee 3 $ 695,000 $ 231,666 $ 94,000
Harris, Texas 3 $ 705,000 $ 235,000 $ 83,000
Alameda, California 2 $ 590,000 $ 295,000 $ 194,000
San Joaquin, California 2 $ 680,000 $ 340,000 $ 108,000
District of Columbia, District Of Columbia 2 $ 530,000 $ 265,000 $ 149,000
Brevard, Florida 2 $ 750,000 $ 375,000 $ 81,000
St. Lucie, Florida 2 $ 390,000 $ 195,000 $ 89,000
Fayette, Georgia 2 $ 310,000 $ 155,000 $ 313,000
Kendall, Illinois 2 $ 480,000 $ 240,000 $ 167,000
Menard, Illinois 2 $ 170,000 $ 85,000 $ 63,000
St. Clair, Illinois 2 $ 530,000 $ 265,000 $ 170,000
Tazewell, Illinois 2 $ 560,000 $ 280,000 $ 213,000
Brown, Indiana 2 $ 1,620,000 $ 810,000 $ 175,000
Fulton, Indiana 2 $ 870,000 $ 435,000 $ 234,000
Kosciusko, Indiana 2 $ 130,000 $ 65,000 $ 154,000
Miami, Indiana 2 $ 160,000 $ 80,000 $ 56,000
Parke, Indiana 2 $ 500,000 $ 250,000 $ 245,000
Putnam, Indiana 2 $ 240,000 $ 120,000 $ 43,000
Union, Indiana 2 $ 70,000 $ 35,000 $ 106,000
Johnson, Kansas 2 $ 420,000 $ 210,000 $ 214,000
Jefferson, Kentucky 2 $ 630,000 $ 315,000 $ 143,000
Kenton, Kentucky 2 $ 280,000 $ 140,000 $ 54,000
Anne Arundel, Maryland 2 $ 3,160,000 $ 1,580,000 $ 483,000
Hampshire, Massachusetts 2 $ 450,000 $ 225,000 $ 156,000
Washtenaw, Michigan 2 $ 430,000 $ 215,000 $ 112,000
St. Louis City, Missouri 2 $ 130,000 $ 65,000 $ 111,000
Forsyth, North Carolina 2 $ 840,000 $ 420,000 $ 125,000
Madison, North Carolina 2 $ 470,000 $ 235,000 $ 117,000
Douglas, Oregon 2 $ 350,000 $ 175,000 $ 85,000
Multnomah, Oregon 2 $ 280,000 $ 140,000 $ 171,000
Providence, Rhode Island 2 $ 560,000 $ 280,000 $ 115,000
Brookings, South Dakota 2 $ 320,000 $ 160,000 $ 80,000
Collin, Texas 2 $ 520,000 $ 260,000 $ 198,000
Fort Bend, Texas 2 $ 390,000 $ 195,000 $ 105,000
Tarrant, Texas 2 $ 410,000 $ 205,000 $ 110,000
Travis, Texas 2 $ 530,000 $ 265,000 $ 88,000
Berkeley, West Virginia 2 $ 60,000 $ 30,000 $ 86,000
Walworth, Wisconsin 2 $ 310,000 $ 155,000 $ 54,000
Jefferson, Alabama 1 $ 185,000 $ 185,000 $ 95,000
Montgomery, Alabama 1 $ 225,000 $ 225,000 $ 98,000
Shelby, Alabama 1 $ 155,000 $ 155,000 $ 132,000
Pima, Arizona 1 $ 185,000 $ 185,000 $ 152,000
Garland, Arkansas 1 $ 5,000 $ 5,000 $ 19,000
Pulaski, Arkansas 1 $ 275,000 $ 275,000 $ 73,000
Kern, California 1 $ 475,000 $ 475,000 $ 101,000
Los Angeles, California 1 $ 655,000 $ 655,000 $ 148,000
Orange, California 1 $ 255,000 $ 255,000 $ 111,000
Riverside, California 1 $ 345,000 $ 345,000 $ 238,000
Santa Clara, California 1 $ 425,000 $ 425,000 $ 283,000
Ventura, California 1 $ 625,000 $ 625,000 $ 162,000
El Paso, Colorado 1 $ 505,000 $ 505,000 $ 170,000
Grand, Colorado 1 $ 115,000 $ 115,000 $ 185,000
Jefferson, Colorado 1 $ 395,000 $ 395,000 $ 150,000
Park, Colorado 1 $ 125,000 $ 125,000 $ 167,000
New Castle, Delaware 1 $ 35,000 $ 35,000 $ 131,000
Collier, Florida 1 $ 1,005,000 $ 1,005,000 $ 212,000
Escambia, Florida 1 $ 205,000 $ 205,000 $ 140,000
Hernando, Florida 1 $ 155,000 $ 155,000 $ 54,000
Hillsborough, Florida 1 $ 25,000 $ 25,000 $ 206,000
Indian River, Florida 1 $ 235,000 $ 235,000 $ 168,000
Manatee, Florida 1 $ 325,000 $ 325,000 $ 91,000
Marion, Florida 1 $ 165,000 $ 165,000 $ 124,000
Orange, Florida 1 $ 375,000 $ 375,000 $ 186,000
Pinellas, Florida 1 $ 145,000 $ 145,000 $ 61,000
Polk, Florida 1 $ 335,000 $ 335,000 $ 332,000
Sarasota, Florida 1 $ 95,000 $ 95,000 $ 124,000
Seminole, Florida 1 $ 275,000 $ 275,000 $ 70,000
Sumter, Florida 1 $ 265,000 $ 265,000 $ 60,000
Volusia, Florida 1 $ 235,000 $ 235,000 $ 100,000
Cherokee, Georgia 1 $ 285,000 $ 285,000 $ 261,000
Forsyth, Georgia 1 $ 165,000 $ 165,000 $ 267,000
Fulton, Georgia 1 $ 265,000 $ 265,000 $ 88,000
Harris, Georgia 1 $ 135,000 $ 135,000 $ 47,000
Tift, Georgia 1 $ 145,000 $ 145,000 $ 102,000
Towns, Georgia 1 $ 215,000 $ 215,000 $ 228,000
Ada, Idaho 1 $ 205,000 $ 205,000 $ 64,000
Twin Falls, Idaho 1 $ 295,000 $ 295,000 $ 71,000
DuPage, Illinois 1 $ 275,000 $ 275,000 $ 234,000
Kankakee, Illinois 1 $ 185,000 $ 185,000 $ 153,000
Lake, Illinois 1 $ 185,000 $ 185,000 $ 73,000
McDonough, Illinois 1 $ 145,000 $ 145,000 $ 65,000
McLean, Illinois 1 $ 205,000 $ 205,000 $ 0
Vermilion, Illinois 1 $ 105,000 $ 105,000 $ 83,000
Bartholomew, Indiana 1 $ 95,000 $ 95,000 $ 126,000
Clark, Indiana 1 $ 75,000 $ 75,000 $ 92,000
Elkhart, Indiana 1 $ 245,000 $ 245,000 $ 79,000
Greene, Indiana 1 $ 215,000 $ 215,000 $ 95,000
Harrison, Indiana 1 $ 125,000 $ 125,000 $ 56,000
Martin, Indiana 1 $ 195,000 $ 195,000 $ 0
Pulaski, Indiana 1 $ 5,000 $ 5,000 $ 36,000
Randolph, Indiana 1 $ 205,000 $ 205,000 $ 52,000
Starke, Indiana 1 $ 65,000 $ 65,000 $ 74,000
Tipton, Indiana 1 $ 205,000 $ 205,000 $ 33,000
Vigo, Indiana 1 $ 65,000 $ 65,000 $ 85,000
Warrick, Indiana 1 $ 55,000 $ 55,000 $ 58,000
Wells, Indiana 1 $ 145,000 $ 145,000 $ 70,000
Whitley, Indiana 1 $ 275,000 $ 275,000 $ 153,000
Floyd, Iowa 1 $ 95,000 $ 95,000 $ 90,000
Polk, Iowa 1 $ 245,000 $ 245,000 $ 119,000
Sedgwick, Kansas 1 $ 125,000 $ 125,000 $ 94,000
Bullitt, Kentucky 1 $ 215,000 $ 215,000 $ 146,000
Carroll, Kentucky 1 $ 25,000 $ 25,000 $ 62,000
Fayette, Kentucky 1 $ 185,000 $ 185,000 $ 86,000
Madison, Kentucky 1 $ 35,000 $ 35,000 $ 126,000
Shelby, Kentucky 1 $ 265,000 $ 265,000 $ 0
Avoyelles, Louisiana 1 $ 175,000 $ 175,000 $ 90,000
Orleans, Louisiana 1 $ 95,000 $ 95,000 $ 75,000
Harford, Maryland 1 $ 235,000 $ 235,000 $ 193,000
Montgomery, Maryland 1 $ 405,000 $ 405,000 $ 263,000
Talbot, Maryland 1 $ 295,000 $ 295,000 $ 215,000
Middlesex, Massachusetts 1 $ 385,000 $ 385,000 $ 150,000
Worcester, Massachusetts 1 $ 395,000 $ 395,000 $ 110,000
Bay, Michigan 1 $ 95,000 $ 95,000 $ 118,000
Calhoun, Michigan 1 $ 165,000 $ 165,000 $ 107,000
Ingham, Michigan 1 $ 165,000 $ 165,000 $ 112,000
Kalamazoo, Michigan 1 $ 215,000 $ 215,000 $ 120,000
Lenawee, Michigan 1 $ 25,000 $ 25,000 $ 41,000
Manistee, Michigan 1 $ 155,000 $ 155,000 $ 59,000
Van Buren, Michigan 1 $ 55,000 $ 55,000 $ 134,000
Crow Wing, Minnesota 1 $ 145,000 $ 145,000 $ 201,000
Nicollet, Minnesota 1 $ 245,000 $ 245,000 $ 83,000
Wabasha, Minnesota 1 $ 15,000 $ 15,000 $ 47,000
Washington, Minnesota 1 $ 315,000 $ 315,000 $ 195,000
Lafayette, Mississippi 1 $ 105,000 $ 105,000 $ 240,000
Cass, Missouri 1 $ 365,000 $ 365,000 $ 92,000
Jackson, Missouri 1 $ 195,000 $ 195,000 $ 90,000
Jefferson, Missouri 1 $ 155,000 $ 155,000 $ 80,000
Johnson, Missouri 1 $ 155,000 $ 155,000 $ 57,000
Platte, Missouri 1 $ 365,000 $ 365,000 $ 89,000
St. Charles, Missouri 1 $ 105,000 $ 105,000 $ 74,000
St. Louis, Missouri 1 $ 235,000 $ 235,000 $ 0
Gallatin, Montana 1 $ 235,000 $ 235,000 $ 127,000
Douglas, Nebraska 1 $ 305,000 $ 305,000 $ 189,000
Lancaster, Nebraska 1 $ 195,000 $ 195,000 $ 241,000
Grafton, New Hampshire 1 $ 305,000 $ 305,000 $ 0
Essex, New Jersey 1 $ 525,000 $ 525,000 $ 0
Middlesex, New Jersey 1 $ 355,000 $ 355,000 $ 115,000
Monmouth, New Jersey 1 $ 345,000 $ 345,000 $ 67,000
Rio Arriba, New Mexico 1 $ 545,000 $ 545,000 $ 141,000
Taos, New Mexico 1 $ 545,000 $ 545,000 $ 0
Buncombe, North Carolina 1 $ 305,000 $ 305,000 $ 153,000
Dare, North Carolina 1 $ 645,000 $ 645,000 $ 244,000
Hyde, North Carolina 1 $ 375,000 $ 375,000 $ 235,000
Johnston, North Carolina 1 $ 55,000 $ 55,000 $ 189,000
Mecklenburg, North Carolina 1 $ 65,000 $ 65,000 $ 110,000
Orange, North Carolina 1 $ 365,000 $ 365,000 $ 151,000
Athens, Ohio 1 $ 345,000 $ 345,000 $ 284,000
Butler, Ohio 1 $ 165,000 $ 165,000 $ 65,000
Franklin, Ohio 1 $ 15,000 $ 15,000 $ 105,000
Greene, Ohio 1 $ 155,000 $ 155,000 $ 102,000
Lucas, Ohio 1 $ 315,000 $ 315,000 $ 200,000
Medina, Ohio 1 $ 355,000 $ 355,000 $ 199,000
Miami, Ohio 1 $ 125,000 $ 125,000 $ 42,000
Montgomery, Ohio 1 $ 235,000 $ 235,000 $ 208,000
Tulsa, Oklahoma 1 $ 145,000 $ 145,000 $ 39,000
Washington, Oregon 1 $ 415,000 $ 415,000 $ 250,000
Centre, Pennsylvania 1 $ 275,000 $ 275,000 $ 187,000
Chester, Pennsylvania 1 $ 465,000 $ 465,000 $ 204,000
Cumberland, Pennsylvania 1 $ 65,000 $ 65,000 $ 120,000
Delaware, Pennsylvania 1 $ 195,000 $ 195,000 $ 121,000
Montgomery, Pennsylvania 1 $ 305,000 $ 305,000 $ 0
Venango, Pennsylvania 1 $ 65,000 $ 65,000 $ 62,000
Beaufort, South Carolina 1 $ 165,000 $ 165,000 $ 65,000
Charleston, South Carolina 1 $ 135,000 $ 135,000 $ 153,000
Greenville, South Carolina 1 $ 525,000 $ 525,000 $ 179,000
Richland, South Carolina 1 $ 5,000 $ 5,000 $ 120,000
Pennington, South Dakota 1 $ 85,000 $ 85,000 $ 72,000
Cheatham, Tennessee 1 $ 385,000 $ 385,000 $ 187,000
Decatur, Tennessee 1 $ 85,000 $ 85,000 $ 33,000
Greene, Tennessee 1 $ 75,000 $ 75,000 $ 64,000
Marion, Tennessee 1 $ 75,000 $ 75,000 $ 47,000
Robertson, Tennessee 1 $ 345,000 $ 345,000 $ 100,000
Rutherford, Tennessee 1 $ 265,000 $ 265,000 $ 70,000
Scott, Tennessee 1 $ 125,000 $ 125,000 $ 43,000
Shelby, Tennessee 1 $ 235,000 $ 235,000 $ 67,000
Sullivan, Tennessee 1 $ 75,000 $ 75,000 $ 29,000
Sumner, Tennessee 1 $ 25,000 $ 25,000 $ 118,000
Bexar, Texas 1 $ 305,000 $ 305,000 $ 214,000
Brazoria, Texas 1 $ 15,000 $ 15,000 $ 120,000
Comal, Texas 1 $ 465,000 $ 465,000 $ 240,000
Denton, Texas 1 $ 205,000 $ 205,000 $ 49,000
Galveston, Texas 1 $ 175,000 $ 175,000 $ 225,000
Montgomery, Texas 1 $ 185,000 $ 185,000 $ 0
Parker, Texas 1 $ 285,000 $ 285,000 $ 117,000
Victoria, Texas 1 $ 175,000 $ 175,000 $ 101,000
Botetourt, Virginia 1 $ 285,000 $ 285,000 $ 103,000
Fairfax, Virginia 1 $ 535,000 $ 535,000 $ 100,000
Montgomery, Virginia 1 $ 155,000 $ 155,000 $ 30,000
Richmond City, Virginia 1 $ 95,000 $ 95,000 $ 467,000
Chelan, Washington 1 $ 275,000 $ 275,000 $ 155,000
Pierce, Washington 1 $ 25,000 $ 25,000 $ 170,000
Spokane, Washington 1 $ 575,000 $ 575,000 $ 108,000
Thurston, Washington 1 $ 135,000 $ 135,000 $ 375,000
Dane, Wisconsin 1 $ 55,000 $ 55,000 $ 160,000
Langlade, Wisconsin 1 $ 125,000 $ 125,000 $ 78,000
Ozaukee, Wisconsin 1 $ 435,000 $ 435,000 $ 175,000
Sheboygan, Wisconsin 1 $ 145,000 $ 145,000 $ 93,000
St. Croix, Wisconsin 1 $ 465,000 $ 465,000 $ 143,000
Winnebago, Wisconsin 1 $ 75,000 $ 75,000 $ 93,000

Mortgage Loan Application Detail Totals for Purdue Federal CU 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 1,058 $260,320,000 $246,000 $6,375,000 $112,000 $1,620,000
Refinancing 712 $131,670,000 $184,000 $1,035,000 $115,000 $2,164,000
Home Improvement 447 $30,505,000 $68,000 $375,000 $119,000 $2,224,000
Cash-out Refinancing 365 $73,095,000 $200,000 $2,145,000 $114,000 $2,736,000
Other Purpose 273 $20,945,000 $76,000 $635,000 $104,000 $700,000
Not Applicable 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 2,160 $372,130,000 $172,000 $3,055,000 $111,000 $2,736,000
Not Provided 295 $54,435,000 $184,000 $665,000 $124,000 $2,164,000
Asian 148 $31,440,000 $212,000 $655,000 $131,000 $700,000
Hispanic 115 $17,615,000 $153,000 $615,000 $88,000 $320,000
Not applicable 54 $24,970,000 $462,000 $6,375,000 $0 $0
Black or African American 53 $8,905,000 $168,000 $525,000 $163,000 $578,000
American Indian or Alaskan Native 8 $1,610,000 $201,000 $755,000 $77,000 $225,000
Native Hawaiian or Other Pacific Islander 1 $225,000 $225,000 $225,000 $104,000 $104,000

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) 2,855 $516,535,000 $180,000 $6,375,000 $113,000 $2,736,000
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 2,155 $398,875,000 $185,000 $6,375,000 $113,000 $2,224,000
Application Withdrawn By Applicant 338 $62,980,000 $186,000 $1,595,000 $130,000 $2,164,000
Application Denied By Financial Institution 272 $34,520,000 $126,000 $1,035,000 $82,000 $871,000
File Closed For Incompleteness 78 $15,860,000 $203,000 $635,000 $196,000 $2,736,000
Application Approved But Not Accepted 12 $4,300,000 $358,000 $2,005,000 $168,000 $757,000
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
Not applicable 2,583 $482,015,000 $186,000 $6,375,000 $116,000 $2,736,000
Credit History 120 $14,000,000 $116,000 $635,000 $74,000 $782,000
Debt-To-Income Ratio 82 $9,490,000 $115,000 $635,000 $67,000 $375,000
Other 35 $5,335,000 $152,000 $555,000 $113,000 $241,000
Collateral 28 $4,480,000 $160,000 $1,035,000 $128,000 $871,000
Unverifiable Information 3 $375,000 $125,000 $175,000 $38,000 $67,000
Employment History 2 $450,000 $225,000 $325,000 $68,000 $96,000
Insufficient Cash (Downpayment, Closing Cost) 2 $390,000 $195,000 $225,000 $78,000 $85,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

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