School Employees Lorain Co C U Mortgage Lending & HMDA Data, 2010
In 2010, School Employees Lorain Co C U of Elyria, OH reported 72 mortgage applications totaling $6.0 million, down 38% from 2009. The average application was for $83,305, and applicants reported an average income of $71,972. 56% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (56), Sandusky, OH (2) and Akron, OH (1) (applications in parentheses).
| Mortgage Company & Address | School Employees Lorain Co C U 340 Griswold Rd Elyria, OH 44035 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 72 |
| Total Mortgage Loan Application Amount | $5,998,000 |
| Average Mortgage Loan Application Amount | $83,305 |
| Highest Mortgage Loan Application Amount | $275,000 |
| Average Applicant Income | $71,972 |
| Highest Applicant Income | $201,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records School Employees Lorain Co C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for School Employees Lorain Co C U in 2010
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 |
|---|---|---|---|---|---|---|
| Refinancing | 40 | $3,727,000 | $93,000 | $263,000 | $79,000 | $201,000 |
| Home Purchase | 19 | $2,217,000 | $116,000 | $275,000 | $64,000 | $183,000 |
| Home Improvement | 13 | $54,000 | $4,000 | $8,000 | $62,000 | $97,000 |
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 | 58 | $4,753,000 | $81,000 | $174,000 | $70,000 | $143,000 |
| Not Provided | 7 | $759,000 | $108,000 | $263,000 | $74,000 | $201,000 |
| Black or African American | 5 | $116,000 | $23,000 | $104,000 | $62,000 | $87,000 |
| Hispanic | 2 | $370,000 | $185,000 | $275,000 | $161,000 | $183,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 72 | $5,998,000 | $83,000 | $275,000 | $72,000 | $201,000 |
| 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 | 40 | $2,888,000 | $72,000 | $174,000 | $74,000 | $143,000 |
| Application Denied By Financial Institution | 16 | $1,684,000 | $105,000 | $275,000 | $72,000 | $201,000 |
| Application Withdrawn By Applicant | 6 | $408,000 | $68,000 | $151,000 | $63,000 | $122,000 |
| Application Approved But Not Accepted | 6 | $610,000 | $101,000 | $120,000 | $85,000 | $139,000 |
| File Closed For Incompleteness | 2 | $202,000 | $101,000 | $127,000 | $37,000 | $43,000 |
| Preapproval Approved but not Accepted | 1 | $95,000 | $95,000 | $95,000 | $44,000 | $44,000 |
| Preapproval Denied by Financial Institution | 1 | $111,000 | $111,000 | $111,000 | $57,000 | $57,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Credit History | 7 | $333,000 | $47,000 | $110,000 | $54,000 | $87,000 |
| Debt-To-Income Ratio | 3 | $235,000 | $78,000 | $140,000 | $49,000 | $53,000 |
| Collateral | 3 | $551,000 | $183,000 | $263,000 | $128,000 | $201,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 School Employees Lorain Co C U's 2010 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 School Employees Lorain Co C U'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.
For a list of all lenders in Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About