Purdue Federal CU Mortgage Lending & HMDA Data, 2022

In 2022, Purdue Federal CU of West Lafayette, IN reported 1,922 mortgage applications totaling $404.8 million, down 33% from 2021. The average application was for $210,613, and applicants reported an average income of $121,173. 74% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Lafayette-West Lafayette, IN (1,229), Indianapolis-Carmel-Anderson, IN (102) and Gary, IN (76) (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 1,922
Total Mortgage Loan Application Amount $404,800,000
Average Mortgage Loan Application Amount $210,613
Highest Mortgage Loan Application Amount $8,105,000
Average Applicant Income $121,173
Highest Applicant Income $3,424,000

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Act (HMDA) records Purdue Federal CU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Tippecanoe, Indiana 1,142 $ 230,880,000 $ 202,171 $ 120,000
LaPorte, Indiana 51 $ 4,955,000 $ 97,156 $ 78,000
Lake, Indiana 44 $ 8,530,000 $ 193,863 $ 103,000
Carroll, Indiana 42 $ 7,330,000 $ 174,523 $ 105,000
White, Indiana 39 $ 5,975,000 $ 153,205 $ 98,000
Marion, Indiana 37 $ 4,515,000 $ 122,027 $ 116,000
Clinton, Indiana 35 $ 10,525,000 $ 300,714 $ 102,000
Benton, Indiana 33 $ 4,245,000 $ 128,636 $ 63,000
Hamilton, Indiana 30 $ 16,180,000 $ 539,333 $ 156,000
Montgomery, Indiana 28 $ 2,700,000 $ 96,428 $ 98,000
Porter, Indiana 19 $ 2,775,000 $ 146,052 $ 129,000
Boone, Indiana 17 $ 3,975,000 $ 233,823 $ 162,000
Warren, Indiana 12 $ 2,550,000 $ 212,500 $ 108,000
Fountain, Indiana 11 $ 1,465,000 $ 133,181 $ 85,000
Hendricks, Indiana 11 $ 1,995,000 $ 181,363 $ 157,000
Jasper, Indiana 11 $ 1,515,000 $ 137,727 $ 137,000
Cook, Illinois 7 $ 1,105,000 $ 157,857 $ 130,000
Allen, Indiana 6 $ 1,350,000 $ 225,000 $ 160,000
Howard, Indiana 6 $ 950,000 $ 158,333 $ 85,000
Champaign, Illinois 5 $ 775,000 $ 155,000 $ 137,000
Harris, Texas 5 $ 905,000 $ 181,000 $ 130,000
DuPage, Illinois 4 $ 350,000 $ 87,500 $ 194,000
Parke, Indiana 4 $ 1,490,000 $ 372,500 $ 230,000
Wake, North Carolina 4 $ 1,740,000 $ 435,000 $ 198,000
Madison, Alabama 3 $ 445,000 $ 148,333 $ 85,000
Brevard, Florida 3 $ 1,195,000 $ 398,333 $ 207,000
Palm Beach, Florida 3 $ 1,385,000 $ 461,666 $ 316,000
Washington, Florida 3 $ 215,000 $ 71,666 $ 19,000
Bartholomew, Indiana 3 $ 8,795,000 $ 2,931,666 $ 129,000
Cass, Indiana 3 $ 125,000 $ 41,666 $ 85,000
Madison, Indiana 3 $ 395,000 $ 131,666 $ 123,000
Monroe, Indiana 3 $ 385,000 $ 128,333 $ 81,000
Starke, Indiana 3 $ 195,000 $ 65,000 $ 88,000
Tipton, Indiana 3 $ 215,000 $ 71,666 $ 73,000
Allegheny, Pennsylvania 3 $ 845,000 $ 281,666 $ 117,000
Pima, Arizona 2 $ 490,000 $ 245,000 $ 128,000
San Diego, California 2 $ 1,180,000 $ 590,000 $ 254,000
Alachua, Florida 2 $ 580,000 $ 290,000 $ 175,000
Orange, Florida 2 $ 840,000 $ 420,000 $ 283,000
Kane, Illinois 2 $ 390,000 $ 195,000 $ 130,000
Delaware, Indiana 2 $ 200,000 $ 100,000 $ 88,000
Hancock, Indiana 2 $ 340,000 $ 170,000 $ 116,000
Newton, Indiana 2 $ 320,000 $ 160,000 $ 142,000
Steuben, Indiana 2 $ 990,000 $ 495,000 $ 1,291,000
Wabash, Indiana 2 $ 330,000 $ 165,000 $ 63,000
Fayette, Kentucky 2 $ 590,000 $ 295,000 $ 195,000
Middlesex, Massachusetts 2 $ 990,000 $ 495,000 $ 124,000
Calhoun, Michigan 2 $ 630,000 $ 315,000 $ 94,000
Presque Isle, Michigan 2 $ 110,000 $ 55,000 $ 101,000
Anoka, Minnesota 2 $ 560,000 $ 280,000 $ 114,000
Jackson, Missouri 2 $ 320,000 $ 160,000 $ 260,000
Douglas, Nebraska 2 $ 550,000 $ 275,000 $ 249,000
Bernalillo, New Mexico 2 $ 620,000 $ 310,000 $ 176,000
Taos, New Mexico 2 $ 890,000 $ 445,000 $ 240,000
Johnston, North Carolina 2 $ 410,000 $ 205,000 $ 100,000
Franklin, Ohio 2 $ 410,000 $ 205,000 $ 131,000
Hamilton, Ohio 2 $ 430,000 $ 215,000 $ 171,000
Lucas, Ohio 2 $ 100,000 $ 50,000 $ 139,000
Oklahoma, Oklahoma 2 $ 560,000 $ 280,000 $ 163,000
Greenville, South Carolina 2 $ 700,000 $ 350,000 $ 147,000
Lexington, South Carolina 2 $ 610,000 $ 305,000 $ 520,000
Pickens, South Carolina 2 $ 680,000 $ 340,000 $ 82,000
Spartanburg, South Carolina 2 $ 360,000 $ 180,000 $ 165,000
Madison, Tennessee 2 $ 490,000 $ 245,000 $ 129,000
Sevier, Tennessee 2 $ 870,000 $ 435,000 $ 452,000
Bexar, Texas 2 $ 410,000 $ 205,000 $ 59,000
Denton, Texas 2 $ 1,020,000 $ 510,000 $ 193,000
Travis, Texas 2 $ 490,000 $ 245,000 $ 157,000
Dane, Wisconsin 2 $ 790,000 $ 395,000 $ 130,000
Lee, Alabama 1 $ 985,000 $ 985,000 $ 300,000
Montgomery, Alabama 1 $ 275,000 $ 275,000 $ 116,000
Shelby, Alabama 1 $ 575,000 $ 575,000 $ 127,000
Maricopa, Arizona 1 $ 425,000 $ 425,000 $ 133,000
Pinal, Arizona 1 $ 55,000 $ 55,000 $ 69,000
Alameda, California 1 $ 405,000 $ 405,000 $ 100,000
Orange, California 1 $ 85,000 $ 85,000 $ 302,000
Sacramento, California 1 $ 465,000 $ 465,000 $ 207,000
San Mateo, California 1 $ 105,000 $ 105,000 $ 318,000
Santa Clara, California 1 $ 25,000 $ 25,000 $ 264,000
Ventura, California 1 $ 605,000 $ 605,000 $ 120,000
Douglas, Colorado 1 $ 845,000 $ 845,000 $ 251,000
Hartford, Connecticut 1 $ 145,000 $ 145,000 $ 75,000
New Castle, Delaware 1 $ 265,000 $ 265,000 $ 184,000
Bay, Florida 1 $ 165,000 $ 165,000 $ 99,000
Broward, Florida 1 $ 135,000 $ 135,000 $ 81,000
Charlotte, Florida 1 $ 25,000 $ 25,000 $ 0
Collier, Florida 1 $ 95,000 $ 95,000 $ 113,000
Hernando, Florida 1 $ 55,000 $ 55,000 $ 50,000
Hillsborough, Florida 1 $ 425,000 $ 425,000 $ 151,000
Lee, Florida 1 $ 155,000 $ 155,000 $ 47,000
Pasco, Florida 1 $ 135,000 $ 135,000 $ 32,000
Polk, Florida 1 $ 165,000 $ 165,000 $ 108,000
Taylor, Florida 1 $ 165,000 $ 165,000 $ 115,000
Columbia, Georgia 1 $ 105,000 $ 105,000 $ 138,000
DeKalb, Georgia 1 $ 55,000 $ 55,000 $ 370,000
Gwinnett, Georgia 1 $ 325,000 $ 325,000 $ 80,000
Harris, Georgia 1 $ 85,000 $ 85,000 $ 47,000
Coles, Illinois 1 $ 65,000 $ 65,000 $ 109,000
DeKalb, Illinois 1 $ 85,000 $ 85,000 $ 127,000
Grundy, Illinois 1 $ 105,000 $ 105,000 $ 187,000
Kendall, Illinois 1 $ 75,000 $ 75,000 $ 320,000
Macon, Illinois 1 $ 165,000 $ 165,000 $ 143,000
McHenry, Illinois 1 $ 155,000 $ 155,000 $ 225,000
McLean, Illinois 1 $ 25,000 $ 25,000 $ 204,000
Peoria, Illinois 1 $ 205,000 $ 205,000 $ 65,000
Will, Illinois 1 $ 115,000 $ 115,000 $ 115,000
Brown, Indiana 1 $ 585,000 $ 585,000 $ 374,000
DeKalb, Indiana 1 $ 525,000 $ 525,000 $ 140,000
Floyd, Indiana 1 $ 5,000 $ 5,000 $ 41,000
Fulton, Indiana 1 $ 215,000 $ 215,000 $ 410,000
Grant, Indiana 1 $ 55,000 $ 55,000 $ 88,000
Greene, Indiana 1 $ 205,000 $ 205,000 $ 252,000
Jefferson, Indiana 1 $ 105,000 $ 105,000 $ 84,000
Jennings, Indiana 1 $ 25,000 $ 25,000 $ 64,000
LaGrange, Indiana 1 $ 135,000 $ 135,000 $ 211,000
Miami, Indiana 1 $ 35,000 $ 35,000 $ 73,000
Morgan, Indiana 1 $ 285,000 $ 285,000 $ 70,000
St. Joseph, Indiana 1 $ 35,000 $ 35,000 $ 74,000
Vanderburgh, Indiana 1 $ 345,000 $ 345,000 $ 101,000
Vermillion, Indiana 1 $ 145,000 $ 145,000 $ 65,000
Vigo, Indiana 1 $ 55,000 $ 55,000 $ 146,000
Warrick, Indiana 1 $ 125,000 $ 125,000 $ 159,000
Johnson, Iowa 1 $ 395,000 $ 395,000 $ 177,000
Lyon, Kansas 1 $ 75,000 $ 75,000 $ 62,000
Sedgwick, Kansas 1 $ 295,000 $ 295,000 $ 99,000
Allen, Kentucky 1 $ 285,000 $ 285,000 $ 133,000
Carlisle, Kentucky 1 $ 195,000 $ 195,000 $ 132,000
Jefferson, Kentucky 1 $ 75,000 $ 75,000 $ 191,000
Baltimore City, Maryland 1 $ 255,000 $ 255,000 $ 217,000
Montgomery, Maryland 1 $ 395,000 $ 395,000 $ 153,000
Norfolk, Massachusetts 1 $ 1,525,000 $ 1,525,000 $ 272,000
Worcester, Massachusetts 1 $ 455,000 $ 455,000 $ 210,000
Berrien, Michigan 1 $ 535,000 $ 535,000 $ 160,000
Cass, Michigan 1 $ 55,000 $ 55,000 $ 110,000
Genesee, Michigan 1 $ 215,000 $ 215,000 $ 115,000
Ingham, Michigan 1 $ 135,000 $ 135,000 $ 90,000
Jackson, Michigan 1 $ 265,000 $ 265,000 $ 63,000
Kalamazoo, Michigan 1 $ 65,000 $ 65,000 $ 76,000
Kent, Michigan 1 $ 275,000 $ 275,000 $ 65,000
Lapeer, Michigan 1 $ 125,000 $ 125,000 $ 223,000
Macomb, Michigan 1 $ 65,000 $ 65,000 $ 147,000
Mason, Michigan 1 $ 105,000 $ 105,000 $ 177,000
Van Buren, Michigan 1 $ 255,000 $ 255,000 $ 93,000
Crow Wing, Minnesota 1 $ 85,000 $ 85,000 $ 202,000
Dakota, Minnesota 1 $ 465,000 $ 465,000 $ 135,000
Hennepin, Minnesota 1 $ 345,000 $ 345,000 $ 92,000
Boone, Missouri 1 $ 115,000 $ 115,000 $ 113,000
Greene, Missouri 1 $ 205,000 $ 205,000 $ 121,000
Jefferson, Missouri 1 $ 125,000 $ 125,000 $ 43,000
St. Louis, Missouri 1 $ 385,000 $ 385,000 $ 94,000
St. Louis City, Missouri 1 $ 155,000 $ 155,000 $ 303,000
Webster, Missouri 1 $ 255,000 $ 255,000 $ 64,000
Cape May, New Jersey 1 $ 65,000 $ 65,000 $ 124,000
Monmouth, New Jersey 1 $ 435,000 $ 435,000 $ 128,000
San Juan, New Mexico 1 $ 55,000 $ 55,000 $ 0
San Miguel, New Mexico 1 $ 285,000 $ 285,000 $ 115,000
Suffolk, New York 1 $ 205,000 $ 205,000 $ 153,000
Avery, North Carolina 1 $ 995,000 $ 995,000 $ 509,000
Davie, North Carolina 1 $ 135,000 $ 135,000 $ 67,000
Guilford, North Carolina 1 $ 105,000 $ 105,000 $ 75,000
Henderson, North Carolina 1 $ 265,000 $ 265,000 $ 13,000
Mecklenburg, North Carolina 1 $ 255,000 $ 255,000 $ 80,000
Onslow, North Carolina 1 $ 245,000 $ 245,000 $ 105,000
Swain, North Carolina 1 $ 225,000 $ 225,000 $ 21,000
Ashland, Ohio 1 $ 325,000 $ 325,000 $ 144,000
Clinton, Ohio 1 $ 165,000 $ 165,000 $ 143,000
Fairfield, Ohio 1 $ 855,000 $ 855,000 $ 305,000
Medina, Ohio 1 $ 285,000 $ 285,000 $ 140,000
Montgomery, Ohio 1 $ 475,000 $ 475,000 $ 450,000
Muskingum, Ohio 1 $ 495,000 $ 495,000 $ 247,000
Summit, Ohio 1 $ 255,000 $ 255,000 $ 230,000
Williams, Ohio 1 $ 65,000 $ 65,000 $ 127,000
Washington, Oregon 1 $ 495,000 $ 495,000 $ 289,000
Beaver, Pennsylvania 1 $ 265,000 $ 265,000 $ 106,000
Delaware, Pennsylvania 1 $ 495,000 $ 495,000 $ 357,000
Westmoreland, Pennsylvania 1 $ 325,000 $ 325,000 $ 165,000
Anderson, South Carolina 1 $ 385,000 $ 385,000 $ 88,000
Florence, South Carolina 1 $ 225,000 $ 225,000 $ 96,000
Williamsburg, South Carolina 1 $ 5,000 $ 5,000 $ 39,000
Marshall, Tennessee 1 $ 265,000 $ 265,000 $ 68,000
Maury, Tennessee 1 $ 295,000 $ 295,000 $ 109,000
Van Buren, Tennessee 1 $ 485,000 $ 485,000 $ 282,000
Brazoria, Texas 1 $ 425,000 $ 425,000 $ 141,000
Brazos, Texas 1 $ 235,000 $ 235,000 $ 180,000
Williamson, Texas 1 $ 395,000 $ 395,000 $ 121,000
Salt Lake, Utah 1 $ 135,000 $ 135,000 $ 198,000
Arlington, Virginia 1 $ 745,000 $ 745,000 $ 270,000
Charlottesville, Virginia 1 $ 725,000 $ 725,000 $ 235,000
Fairfax, Virginia 1 $ 465,000 $ 465,000 $ 118,000
Henrico, Virginia 1 $ 365,000 $ 365,000 $ 208,000
Loudoun, Virginia 1 $ 5,000 $ 5,000 $ 271,000
Montgomery, Virginia 1 $ 35,000 $ 35,000 $ 68,000
Roanoke City, Virginia 1 $ 435,000 $ 435,000 $ 215,000
Benton, Washington 1 $ 455,000 $ 455,000 $ 125,000
King, Washington 1 $ 575,000 $ 575,000 $ 221,000
Outagamie, Wisconsin 1 $ 195,000 $ 195,000 $ 167,000
Pierce, Wisconsin 1 $ 265,000 $ 265,000 $ 172,000
Racine, Wisconsin 1 $ 255,000 $ 255,000 $ 160,000
Waukesha, Wisconsin 1 $ 365,000 $ 365,000 $ 137,000

Mortgage Loan Application Detail Totals for Purdue Federal CU in 2022

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 941 $262,605,000 $279,000 $3,905,000 $136,000 $3,424,000
Home Improvement 422 $46,300,000 $109,000 $8,105,000 $112,000 $667,000
Other Purpose 260 $31,510,000 $121,000 $6,205,000 $98,000 $444,000
Refinancing 154 $33,060,000 $214,000 $8,105,000 $95,000 $421,000
Cash-out Refinancing 145 $31,325,000 $216,000 $1,605,000 $121,000 $781,000
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 1,405 $250,545,000 $178,000 $995,000 $118,000 $2,515,000
Not Provided 177 $31,695,000 $179,000 $625,000 $147,000 $3,424,000
Asian 114 $32,350,000 $283,000 $1,525,000 $146,000 $667,000
Hispanic 101 $17,835,000 $176,000 $605,000 $95,000 $325,000
Not applicable 69 $61,755,000 $895,000 $8,105,000 $0 $0
Black or African American 31 $4,705,000 $151,000 $485,000 $115,000 $463,000
American Indian or Alaskan Native 3 $365,000 $121,000 $265,000 $97,000 $114,000
Native Hawaiian or Other Pacific Islander 1 $35,000 $35,000 $35,000 $36,000 $36,000

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) 1,922 $404,800,000 $210,000 $8,105,000 $121,000 $3,424,000
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 1,413 $322,435,000 $228,000 $8,105,000 $121,000 $2,515,000
Application Denied By Financial Institution 263 $33,235,000 $126,000 $1,525,000 $81,000 $504,000
Application Withdrawn By Applicant 222 $42,610,000 $191,000 $745,000 $166,000 $3,424,000
File Closed For Incompleteness 21 $5,875,000 $279,000 $575,000 $115,000 $224,000
Application Approved But Not Accepted 3 $645,000 $215,000 $325,000 $102,000 $129,000
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 1,659 $371,565,000 $223,000 $8,105,000 $127,000 $3,424,000
Credit History 102 $10,490,000 $102,000 $335,000 $66,000 $299,000
Debt-To-Income Ratio 92 $14,940,000 $162,000 $1,525,000 $60,000 $272,000
Collateral 43 $3,415,000 $79,000 $305,000 $132,000 $370,000
Other 22 $3,540,000 $160,000 $1,165,000 $145,000 $504,000
Insufficient Cash (Downpayment, Closing Cost) 4 $850,000 $212,000 $425,000 $51,000 $114,000
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 2022 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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