Resource Bank, National Association Mortgage Lending & HMDA Data, 2019
In 2019, Resource Bank, National Association of Dekalb, IL reported 108 mortgage applications totaling $22.7 million, up 5% from 2018. The average application was for $210,370, and applicants reported an average income of $121,805. 97% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Elgin, IL (65), Rockford, IL (11) and Chicago-Naperville, IL (7) (applications in parentheses).
| Mortgage Company & Address | Resource Bank, National Association 555 Bethany Road Dekalb, IL 60115 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 108 |
| Total Mortgage Loan Application Amount | $22,720,000 |
| Average Mortgage Loan Application Amount | $210,370 |
| Highest Mortgage Loan Application Amount | $5,595,000 |
| Average Applicant Income | $121,805 |
| Highest Applicant Income | $545,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Resource Bank, National Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| DeKalb, Illinois | 55 | $ 12,435,000 | $ 226,090 | $ 104,000 |
| Boone, Illinois | 11 | $ 1,745,000 | $ 158,636 | $ 224,000 |
| Kane, Illinois | 9 | $ 2,325,000 | $ 258,333 | $ 151,000 |
| Ogle, Illinois | 8 | $ 700,000 | $ 87,500 | $ 125,000 |
| LaSalle, Illinois | 7 | $ 865,000 | $ 123,571 | $ 71,000 |
| McHenry, Illinois | 3 | $ 745,000 | $ 248,333 | $ 300,000 |
| Cook, Illinois | 2 | $ 290,000 | $ 145,000 | $ 58,000 |
| DuPage, Illinois | 2 | $ 950,000 | $ 475,000 | $ 0 |
| Coconino, Arizona | 1 | $ 625,000 | $ 625,000 | $ 0 |
| Jo Daviess, Illinois | 1 | $ 75,000 | $ 75,000 | $ 154,000 |
| Kendall, Illinois | 1 | $ 385,000 | $ 385,000 | $ 117,000 |
| Lake, Illinois | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Lee, Illinois | 1 | $ 115,000 | $ 115,000 | $ 45,000 |
| Sangamon, Illinois | 1 | $ 205,000 | $ 205,000 | $ 76,000 |
| Winona, Minnesota | 1 | $ 325,000 | $ 325,000 | $ 141,000 |
| Dodge, Wisconsin | 1 | $ 375,000 | $ 375,000 | $ 330,000 |
| Juneau, Wisconsin | 1 | $ 245,000 | $ 245,000 | $ 152,000 |
| Kenosha, Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Sawyer, Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Resource Bank, National Association in 2019
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 | 55 | $9,195,000 | $167,000 | $625,000 | $109,000 | $330,000 |
| Refinancing | 50 | $13,290,000 | $265,000 | $5,595,000 | $138,000 | $545,000 |
| Home Improvement | 2 | $60,000 | $30,000 | $35,000 | $98,000 | $104,000 |
| Cash-out Refinancing | 1 | $175,000 | $175,000 | $175,000 | $64,000 | $64,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 93 | $13,995,000 | $150,000 | $585,000 | $123,000 | $545,000 |
| Not applicable | 13 | $8,585,000 | $660,000 | $5,595,000 | $0 | $0 |
| Hispanic | 2 | $140,000 | $70,000 | $105,000 | $51,000 | $58,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 108 | $22,720,000 | $210,000 | $5,595,000 | $121,000 | $545,000 |
| 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 | 105 | $22,595,000 | $215,000 | $5,595,000 | $124,000 | $545,000 |
| Application Denied By Financial Institution | 3 | $125,000 | $41,000 | $85,000 | $45,000 | $74,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 105 | $22,595,000 | $215,000 | $5,595,000 | $124,000 | $545,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $85,000 | $85,000 | $85,000 | $20,000 | $20,000 |
| Credit History | 1 | $25,000 | $25,000 | $25,000 | $41,000 | $41,000 |
| Debt-To-Income Ratio | 1 | $15,000 | $15,000 | $15,000 | $74,000 | $74,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Resource Bank, National Association's 2019 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 Resource Bank, National Association'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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