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Act (HMDA) records Purdue Federal CU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lafayette-West Lafayette, IN | 1,898 | $ 336,310,000 | $ 177,191 | $ 111,000 |
| Outside any metro area | 209 | $ 32,375,000 | $ 154,904 | $ 100,259 |
| Indianapolis-Carmel-Anderson, IN | 161 | $ 31,605,000 | $ 196,304 | $ 140,000 |
| Gary, IN | 88 | $ 14,720,000 | $ 167,272 | $ 93,000 |
| Michigan City-La Porte, IN | 63 | $ 7,545,000 | $ 119,761 | $ 90,000 |
| Chicago-Naperville, IL | 22 | $ 4,930,000 | $ 224,090 | $ 161,000 |
| Cincinnati, OH-KY-IN | 13 | $ 2,235,000 | $ 171,923 | $ 111,846 |
| South Bend-Mishawaka, IN-MI | 12 | $ 1,320,000 | $ 110,000 | $ 105,000 |
| Atlanta-Sandy Springs-Roswell, GA | 11 | $ 2,405,000 | $ 218,636 | $ 253,000 |
| Cape Coral-Fort Myers, FL | 10 | $ 3,510,000 | $ 351,000 | $ 193,000 |
| Fort Wayne, IN | 10 | $ 2,630,000 | $ 263,000 | $ 103,000 |
| Kokomo, IN | 9 | $ 575,000 | $ 63,888 | $ 67,000 |
| Houston-The Woodlands-Sugar Land, TX | 8 | $ 1,470,000 | $ 183,750 | $ 120,000 |
| Baltimore-Columbia-Towson, MD | 7 | $ 4,215,000 | $ 602,142 | $ 251,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 7 | $ 1,715,000 | $ 245,000 | $ 110,000 |
| Raleigh, NC | 7 | $ 1,795,000 | $ 256,428 | $ 128,000 |
| St. Louis, MO-IL | 7 | $ 1,155,000 | $ 165,000 | $ 115,714 |
| Bloomington, IN | 6 | $ 1,290,000 | $ 215,000 | $ 153,000 |
| Elgin, IL | 6 | $ 930,000 | $ 155,000 | $ 194,000 |
| Evansville, IN-KY | 6 | $ 400,000 | $ 66,666 | $ 90,000 |
| Louisville/Jefferson County, KY-IN | 6 | $ 1,310,000 | $ 218,333 | $ 120,666 |
| Cleveland-Elyria, OH | 5 | $ 1,625,000 | $ 325,000 | $ 209,000 |
| Kansas City, MO-KS | 5 | $ 1,345,000 | $ 269,000 | $ 139,600 |
| Pittsburgh, PA | 5 | $ 735,000 | $ 147,000 | $ 95,000 |
| Champaign-Urbana, IL | 4 | $ 1,000,000 | $ 250,000 | $ 199,000 |
| Durham-Chapel Hill, NC | 4 | $ 1,160,000 | $ 290,000 | $ 117,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 1,380,000 | $ 345,000 | $ 97,000 |
| Niles-Benton Harbor, MI | 4 | $ 660,000 | $ 165,000 | $ 171,000 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 2,410,000 | $ 602,500 | $ 262,000 |
| Riverside-San Bernardino-Ontario, CA | 4 | $ 1,300,000 | $ 325,000 | $ 138,000 |
| Seattle-Bellevue-Everett, WA | 4 | $ 1,450,000 | $ 362,500 | $ 199,000 |
| Asheville, NC | 3 | $ 775,000 | $ 258,333 | $ 129,000 |
| Dallas-Plano-Irving, TX | 3 | $ 725,000 | $ 241,666 | $ 148,000 |
| Dayton-Springfield-Kettering, OH | 3 | $ 515,000 | $ 171,666 | $ 117,000 |
| Fort Worth-Arlington, TX | 3 | $ 695,000 | $ 231,666 | $ 112,000 |
| Gainesville, FL | 3 | $ 825,000 | $ 275,000 | $ 116,000 |
| Muncie, IN | 3 | $ 275,000 | $ 91,666 | $ 95,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 695,000 | $ 231,666 | $ 197,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 325,000 | $ 108,333 | $ 107,000 |
| Terre Haute, IN | 3 | $ 565,000 | $ 188,333 | $ 191,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 465,000 | $ 155,000 | $ 60,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 1,065,000 | $ 355,000 | $ 132,666 |
| Ann Arbor, MI | 2 | $ 430,000 | $ 215,000 | $ 112,000 |
| Austin-Round Rock, TX | 2 | $ 530,000 | $ 265,000 | $ 88,000 |
| Birmingham-Hoover, AL | 2 | $ 340,000 | $ 170,000 | $ 113,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 520,000 | $ 260,000 | $ 158,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 60,000 | $ 30,000 | $ 86,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 780,000 | $ 390,000 | $ 169,000 |
| Montgomery County-Bucks County-Chester County, PA | 2 | $ 770,000 | $ 385,000 | $ 204,000 |
| New York-Newark, NY | 2 | $ 700,000 | $ 350,000 | $ 91,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 420,000 | $ 210,000 | $ 107,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 590,000 | $ 295,000 | $ 194,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 650,000 | $ 325,000 | $ 128,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 750,000 | $ 375,000 | $ 81,000 |
| Peoria, IL | 2 | $ 560,000 | $ 280,000 | $ 213,000 |
| Port St. Lucie, FL | 2 | $ 390,000 | $ 195,000 | $ 89,000 |
| Providence-Warwick, RI-MA | 2 | $ 560,000 | $ 280,000 | $ 115,000 |
| San Antonio-New Braunfels, TX | 2 | $ 770,000 | $ 385,000 | $ 227,000 |
| Springfield, IL | 2 | $ 170,000 | $ 85,000 | $ 63,000 |
| Springfield, MA | 2 | $ 450,000 | $ 225,000 | $ 156,000 |
| Stockton-Lodi, CA | 2 | $ 680,000 | $ 340,000 | $ 108,000 |
| Winston-Salem, NC | 2 | $ 840,000 | $ 420,000 | $ 125,000 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 255,000 | $ 255,000 | $ 111,000 |
| Bakersfield, CA | 1 | $ 475,000 | $ 475,000 | $ 101,000 |
| Battle Creek, MI | 1 | $ 165,000 | $ 165,000 | $ 107,000 |
| Bay City, MI | 1 | $ 95,000 | $ 95,000 | $ 118,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 155,000 | $ 155,000 | $ 30,000 |
| Bloomington, IL | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Boise City, ID | 1 | $ 205,000 | $ 205,000 | $ 64,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 385,000 | $ 385,000 | $ 150,000 |
| Charleston-North Charleston, SC | 1 | $ 135,000 | $ 135,000 | $ 153,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 65,000 | $ 65,000 | $ 110,000 |
| Chattanooga, TN-GA | 1 | $ 75,000 | $ 75,000 | $ 47,000 |
| Colorado Springs, CO | 1 | $ 505,000 | $ 505,000 | $ 170,000 |
| Columbia, SC | 1 | $ 5,000 | $ 5,000 | $ 120,000 |
| Columbus, GA-AL | 1 | $ 135,000 | $ 135,000 | $ 47,000 |
| Columbus, IN | 1 | $ 95,000 | $ 95,000 | $ 126,000 |
| Columbus, OH | 1 | $ 15,000 | $ 15,000 | $ 105,000 |
| Danville, IL | 1 | $ 105,000 | $ 105,000 | $ 83,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 235,000 | $ 235,000 | $ 100,000 |
| Des Moines-West Des Moines, IA | 1 | $ 245,000 | $ 245,000 | $ 119,000 |
| Elkhart-Goshen, IN | 1 | $ 245,000 | $ 245,000 | $ 79,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 525,000 | $ 525,000 | $ 179,000 |
| Harrisburg-Carlisle, PA | 1 | $ 65,000 | $ 65,000 | $ 120,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 165,000 | $ 165,000 | $ 65,000 |
| Hot Springs, AR | 1 | $ 5,000 | $ 5,000 | $ 19,000 |
| Kalamazoo-Portage, MI | 1 | $ 215,000 | $ 215,000 | $ 120,000 |
| Kankakee, IL | 1 | $ 185,000 | $ 185,000 | $ 153,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 75,000 | $ 75,000 | $ 29,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 185,000 | $ 185,000 | $ 73,000 |
| Lakeland-Winter Haven, FL | 1 | $ 335,000 | $ 335,000 | $ 332,000 |
| Lansing-East Lansing, MI | 1 | $ 165,000 | $ 165,000 | $ 112,000 |
| Lexington-Fayette, KY | 1 | $ 185,000 | $ 185,000 | $ 86,000 |
| Lincoln, NE | 1 | $ 195,000 | $ 195,000 | $ 241,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 275,000 | $ 275,000 | $ 73,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 655,000 | $ 655,000 | $ 148,000 |
| Madison, WI | 1 | $ 55,000 | $ 55,000 | $ 160,000 |
| Mankato-North Mankato, MN | 1 | $ 245,000 | $ 245,000 | $ 83,000 |
| Memphis, TN-MS-AR | 1 | $ 235,000 | $ 235,000 | $ 67,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 435,000 | $ 435,000 | $ 175,000 |
| Montgomery, AL | 1 | $ 225,000 | $ 225,000 | $ 98,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 1,005,000 | $ 1,005,000 | $ 212,000 |
| New Orleans-Metairie, LA | 1 | $ 95,000 | $ 95,000 | $ 75,000 |
| Newark, NJ-PA | 1 | $ 525,000 | $ 525,000 | $ 0 |
| Ocala, FL | 1 | $ 165,000 | $ 165,000 | $ 124,000 |
| Olympia-Tumwater, WA | 1 | $ 135,000 | $ 135,000 | $ 375,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 305,000 | $ 305,000 | $ 189,000 |
| Oshkosh-Neenah, WI | 1 | $ 75,000 | $ 75,000 | $ 93,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 625,000 | $ 625,000 | $ 162,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 205,000 | $ 205,000 | $ 140,000 |
| Philadelphia, PA | 1 | $ 195,000 | $ 195,000 | $ 121,000 |
| Rapid City, SD | 1 | $ 85,000 | $ 85,000 | $ 72,000 |
| Richmond, VA | 1 | $ 95,000 | $ 95,000 | $ 467,000 |
| Roanoke, VA | 1 | $ 285,000 | $ 285,000 | $ 103,000 |
| Rochester, MN | 1 | $ 15,000 | $ 15,000 | $ 47,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 425,000 | $ 425,000 | $ 283,000 |
| Sebastian-Vero Beach, FL | 1 | $ 235,000 | $ 235,000 | $ 168,000 |
| Sheboygan, WI | 1 | $ 145,000 | $ 145,000 | $ 93,000 |
| Spokane-Spokane Valley, WA | 1 | $ 575,000 | $ 575,000 | $ 108,000 |
| State College, PA | 1 | $ 275,000 | $ 275,000 | $ 187,000 |
| Tacoma-Lakewood, WA | 1 | $ 25,000 | $ 25,000 | $ 170,000 |
| The Villages, FL | 1 | $ 265,000 | $ 265,000 | $ 60,000 |
| Toledo, OH | 1 | $ 315,000 | $ 315,000 | $ 200,000 |
| Tucson, AZ | 1 | $ 185,000 | $ 185,000 | $ 152,000 |
| Tulsa, OK | 1 | $ 145,000 | $ 145,000 | $ 39,000 |
| Twin Falls, ID | 1 | $ 295,000 | $ 295,000 | $ 71,000 |
| Victoria, TX | 1 | $ 175,000 | $ 175,000 | $ 101,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 405,000 | $ 405,000 | $ 263,000 |
| Wenatchee, WA | 1 | $ 275,000 | $ 275,000 | $ 155,000 |
| Wichita, KS | 1 | $ 125,000 | $ 125,000 | $ 94,000 |
| Wilmington, DE-MD-NJ | 1 | $ 35,000 | $ 35,000 | $ 131,000 |
| Worcester, MA-CT | 1 | $ 395,000 | $ 395,000 | $ 110,000 |
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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