Shelter Financial Bank Mortgage Lending & HMDA Data, 2007
In 2007, Shelter Financial Bank of Columbia, MO reported 619 mortgage applications totaling $43.9 million, up 5% from 2006. The average application was for $70,849, and applicants reported an average income of $56,662. 25% of its applications resulted in an originated loan and 40% were denied. Its largest markets were Kansas City, MO-KS (21), Little Rock-North Little Rock-Conway, AR (19) and St. Louis, MO-IL (18) (applications in parentheses).
| Mortgage Company & Address | Shelter Financial Bank 1817 W. Broadway Columbia, MO 65218 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 619 |
| Total Mortgage Loan Application Amount | $43,856,000 |
| Average Mortgage Loan Application Amount | $70,849 |
| Highest Mortgage Loan Application Amount | $350,000 |
| Average Applicant Income | $56,662 |
| Highest Applicant Income | $325,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Shelter Financial Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Kansas City, MO-KS | 21 | $ 1,837,000 | $ 87,476 | $ 47,380 |
| Little Rock-North Little Rock-Conway, AR | 19 | $ 1,808,000 | $ 95,157 | $ 70,000 |
| St. Louis, MO-IL | 18 | $ 1,403,000 | $ 77,944 | $ 86,555 |
| Indianapolis-Carmel, IN | 14 | $ 1,306,000 | $ 93,285 | $ 57,000 |
| Oklahoma City, OK | 14 | $ 589,000 | $ 42,071 | $ 52,000 |
| Columbia, MO | 13 | $ 1,042,000 | $ 80,153 | $ 57,000 |
| Louisville-Jefferson County, KY-IN | 11 | $ 835,000 | $ 75,909 | $ 73,090 |
| Memphis, TN-MS-AR | 11 | $ 1,022,000 | $ 92,909 | $ 66,727 |
| Springfield, MO | 11 | $ 1,216,000 | $ 110,545 | $ 71,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 9 | $ 749,000 | $ 83,222 | $ 45,000 |
| Bloomington, IN | 8 | $ 542,000 | $ 67,750 | $ 40,000 |
| Jefferson City, MO | 8 | $ 251,000 | $ 31,375 | $ 47,000 |
| Des Moines-West Des Moines, IA | 7 | $ 397,000 | $ 56,714 | $ 80,000 |
| Fort Smith, AR-OK | 7 | $ 516,000 | $ 73,714 | $ 50,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 7 | $ 540,000 | $ 77,142 | $ 65,000 |
| Wichita, KS | 7 | $ 531,000 | $ 75,857 | $ 94,000 |
| Denver-Aurora, CO | 6 | $ 638,000 | $ 106,333 | $ 109,000 |
| Joplin, MO | 6 | $ 617,000 | $ 102,833 | $ 49,000 |
| Omaha-Council Bluffs, NE-IA | 6 | $ 752,000 | $ 125,333 | $ 60,000 |
| St. Joseph, MO-KS | 6 | $ 468,000 | $ 78,000 | $ 54,000 |
| Tulsa, OK | 6 | $ 502,000 | $ 83,666 | $ 48,000 |
| Fort Wayne, IN | 5 | $ 235,000 | $ 47,000 | $ 62,000 |
| Jackson, MS | 5 | $ 662,000 | $ 132,400 | $ 47,000 |
| Colorado Springs, CO | 4 | $ 148,000 | $ 37,000 | $ 51,000 |
| Jonesboro, AR | 4 | $ 290,000 | $ 72,500 | $ 41,000 |
| Lafayette, LA | 4 | $ 357,000 | $ 89,250 | $ 100,000 |
| Las Vegas-Paradise, NV | 3 | $ 279,000 | $ 93,000 | $ 62,000 |
| Monroe, LA | 3 | $ 326,000 | $ 108,666 | $ 56,000 |
| Pine Bluff, AR | 3 | $ 212,000 | $ 70,666 | $ 72,000 |
| Topeka, KS | 3 | $ 208,000 | $ 69,333 | $ 58,000 |
| Anderson, IN | 2 | $ 98,000 | $ 49,000 | $ 67,000 |
| Cincinnati-Middletown, OH-KY-IN | 2 | $ 103,000 | $ 51,500 | $ 42,000 |
| Columbus, IN | 2 | $ 233,000 | $ 116,500 | $ 46,000 |
| Evansville, IN-KY | 2 | $ 260,000 | $ 130,000 | $ 73,000 |
| Fort Collins-Loveland, CO | 2 | $ 360,000 | $ 180,000 | $ 136,000 |
| Lafayette, IN | 2 | $ 200,000 | $ 100,000 | $ 37,000 |
| Lexington-Fayette, KY | 2 | $ 140,000 | $ 70,000 | $ 69,000 |
| Alexandria, LA | 1 | $ 192,000 | $ 192,000 | $ 72,000 |
| Bloomington-Normal, IL | 1 | $ 33,000 | $ 33,000 | $ 119,000 |
| Bowling Green, KY | 1 | $ 18,000 | $ 18,000 | $ 62,000 |
| Cedar Rapids, IA | 1 | $ 140,000 | $ 140,000 | $ 51,000 |
| Chattanooga, TN-GA | 1 | $ 72,000 | $ 72,000 | $ 65,000 |
| Cleveland, TN | 1 | $ 51,000 | $ 51,000 | $ 46,000 |
| Dallas-Plano-Irving, TX | 1 | $ 301,000 | $ 301,000 | $ 115,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 127,000 | $ 127,000 | $ 65,000 |
| Elizabethtown, KY | 1 | $ 60,000 | $ 60,000 | $ 120,000 |
| Gary, IN | 1 | $ 189,000 | $ 189,000 | $ 108,000 |
| Hattiesburg, MS | 1 | $ 54,000 | $ 54,000 | $ 69,000 |
| Morristown, TN | 1 | $ 149,000 | $ 149,000 | $ 26,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 140,000 | $ 140,000 | $ 31,000 |
| Peoria, IL | 1 | $ 24,000 | $ 24,000 | $ 17,000 |
| Shreveport-Bossier City, LA | 1 | $ 72,000 | $ 72,000 | $ 26,000 |
| Springfield, IL | 1 | $ 153,000 | $ 153,000 | $ 29,000 |
| Terre Haute, IN | 1 | $ 65,000 | $ 65,000 | $ 200,000 |
| Texarkana, Tx-Texarkana, AR | 1 | $ 20,000 | $ 20,000 | $ 27,000 |
| Waterloo-Cedar Falls, IA | 1 | $ 74,000 | $ 74,000 | $ 57,000 |
Mortgage Loan Application Detail Totals for Shelter Financial Bank in 2007
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 | 401 | $30,787,000 | $76,000 | $350,000 | $58,000 | $325,000 |
| Home Purchase | 137 | $11,043,000 | $80,000 | $301,000 | $49,000 | $198,000 |
| Home Improvement | 81 | $2,026,000 | $25,000 | $78,000 | $63,000 | $292,000 |
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 | 429 | $30,009,000 | $69,000 | $311,000 | $58,000 | $292,000 |
| Not Provided | 128 | $9,808,000 | $76,000 | $350,000 | $56,000 | $325,000 |
| Black or African American | 31 | $1,628,000 | $52,000 | $255,000 | $43,000 | $161,000 |
| Hispanic | 19 | $1,360,000 | $71,000 | $199,000 | $44,000 | $96,000 |
| American Indian or Alaskan Native | 7 | $350,000 | $50,000 | $100,000 | $37,000 | $55,000 |
| Not applicable | 5 | $701,000 | $140,000 | $218,000 | $144,000 | $215,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 619 | $43,856,000 | $70,000 | $350,000 | $57,000 | $325,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 245 | $16,730,000 | $68,000 | $266,000 | $43,000 | $200,000 |
| Loan Originated | 152 | $7,013,000 | $46,000 | $180,000 | $68,000 | $292,000 |
| Application Withdrawn By Applicant | 111 | $10,410,000 | $93,000 | $310,000 | $68,000 | $222,000 |
| File Closed For Incompleteness | 78 | $7,859,000 | $100,000 | $350,000 | $59,000 | $325,000 |
| Application Approved But Not Accepted | 33 | $1,844,000 | $55,000 | $311,000 | $57,000 | $180,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 162 | $10,500,000 | $64,000 | $255,000 | $43,000 | $200,000 |
| Debt-To-Income Ratio | 41 | $3,209,000 | $78,000 | $153,000 | $42,000 | $198,000 |
| Collateral | 23 | $1,418,000 | $61,000 | $151,000 | $51,000 | $168,000 |
| Other | 15 | $1,393,000 | $92,000 | $266,000 | $45,000 | $86,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $200,000 | $66,000 | $120,000 | $32,000 | $56,000 |
| Credit Application Incomplete | 1 | $10,000 | $10,000 | $10,000 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Shelter Financial Bank's 2007 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 Shelter Financial Bank'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 Missouri, download the full spreadsheet
with aggregated HMDA statistics today.
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