Beneficial Financial I, Inc. Mortgage Lending & HMDA Data, 2009
In 2009, Beneficial Financial I, Inc. of Mettawa, IL reported 211 mortgage applications totaling $26.8 million, down 99% from 2008. The average application was for $126,834, and applicants reported an average income of $64,620. 32% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (4), Birmingham-Hoover, AL (4) and Charlotte-Gastonia-Concord, NC-SC (4) (applications in parentheses).
| Mortgage Company & Address | Beneficial Financial I, Inc. 26525 North Riverwoods Blvd. Mettawa, IL 60045 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 211 |
| Total Mortgage Loan Application Amount | $26,762,000 |
| Average Mortgage Loan Application Amount | $126,834 |
| Highest Mortgage Loan Application Amount | $343,000 |
| Average Applicant Income | $64,620 |
| Highest Applicant Income | $212,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Beneficial Financial I, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 908,000 | $ 227,000 | $ 165,000 |
| Birmingham-Hoover, AL | 4 | $ 307,000 | $ 76,750 | $ 39,000 |
| Charlotte-Gastonia-Concord, NC-SC | 4 | $ 560,000 | $ 140,000 | $ 74,000 |
| Columbia, SC | 4 | $ 571,000 | $ 142,750 | $ 60,000 |
| Columbus, OH | 4 | $ 415,000 | $ 103,750 | $ 44,000 |
| Winston-Salem, NC | 4 | $ 387,000 | $ 96,750 | $ 60,000 |
| Durham-Chapel Hill, NC | 3 | $ 560,000 | $ 186,666 | $ 72,000 |
| Fayetteville, NC | 3 | $ 287,000 | $ 95,666 | $ 55,000 |
| Gary, IN | 3 | $ 404,000 | $ 134,666 | $ 100,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 677,000 | $ 225,666 | $ 92,000 |
| New Orleans-Metairie-Kenner, LA | 3 | $ 250,000 | $ 83,333 | $ 99,000 |
| Oklahoma City, OK | 3 | $ 304,000 | $ 101,333 | $ 90,000 |
| Richmond, VA | 3 | $ 426,000 | $ 142,000 | $ 42,000 |
| Riverside-San Bernardino-Ontario, CA | 3 | $ 444,000 | $ 148,000 | $ 52,000 |
| Tulsa, OK | 3 | $ 425,000 | $ 141,666 | $ 65,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 144,000 | $ 72,000 | $ 58,000 |
| Baltimore-Towson, MD | 2 | $ 228,000 | $ 114,000 | $ 47,000 |
| Boise City-Nampa, ID | 2 | $ 380,000 | $ 190,000 | $ 80,000 |
| Casper, WY | 2 | $ 178,000 | $ 89,000 | $ 42,000 |
| Charleston-North Charleston-Summerville, SC | 2 | $ 280,000 | $ 140,000 | $ 60,000 |
| Cincinnati-Middletown, OH-KY-IN | 2 | $ 289,000 | $ 144,500 | $ 80,500 |
| Denver-Aurora-Broomfield, CO | 2 | $ 404,000 | $ 202,000 | $ 121,000 |
| Dover, DE | 2 | $ 324,000 | $ 162,000 | $ 42,000 |
| Huntsville, AL | 2 | $ 230,000 | $ 115,000 | $ 79,000 |
| Jacksonville, NC | 2 | $ 368,000 | $ 184,000 | $ 40,000 |
| Joplin, MO | 2 | $ 156,000 | $ 78,000 | $ 43,000 |
| Kansas City, MO-KS | 2 | $ 143,000 | $ 71,500 | $ 34,000 |
| Knoxville, TN | 2 | $ 266,000 | $ 133,000 | $ 64,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 382,000 | $ 191,000 | $ 96,000 |
| Omaha-Council Bluffs, NE-IA | 2 | $ 219,000 | $ 109,500 | $ 97,000 |
| Orlando-Kissimmee, FL | 2 | $ 237,000 | $ 118,500 | $ 45,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 478,000 | $ 239,000 | $ 100,000 |
| Portland-Vancouver-Beaverton, OR-WA | 2 | $ 474,000 | $ 237,000 | $ 92,000 |
| Raleigh-Cary, NC | 2 | $ 299,000 | $ 149,500 | $ 77,000 |
| Salt Lake City, UT | 2 | $ 493,000 | $ 246,500 | $ 76,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 558,000 | $ 279,000 | $ 95,000 |
| South Bend-Mishawaka, IN-MI | 2 | $ 179,000 | $ 89,500 | $ 66,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 332,000 | $ 166,000 | $ 77,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 325,000 | $ 162,500 | $ 72,000 |
| Wichita, KS | 2 | $ 287,000 | $ 143,500 | $ 81,000 |
| Akron, OH | 1 | $ 127,000 | $ 127,000 | $ 119,000 |
| Albuquerque, NM | 1 | $ 139,000 | $ 139,000 | $ 40,000 |
| Anderson, IN | 1 | $ 78,000 | $ 78,000 | $ 41,000 |
| Asheville, NC | 1 | $ 155,000 | $ 155,000 | $ 47,000 |
| Austin-Round Rock, TX | 1 | $ 134,000 | $ 134,000 | $ 110,000 |
| Baton Rouge, LA | 1 | $ 160,000 | $ 160,000 | $ 80,000 |
| Colorado Springs, CO | 1 | $ 92,000 | $ 92,000 | $ 29,000 |
| Columbia, MO | 1 | $ 94,000 | $ 94,000 | $ 29,000 |
| Dallas-Plano-Irving, TX | 1 | $ 142,000 | $ 142,000 | $ 65,000 |
| Des Moines-West Des Moines, IA | 1 | $ 95,000 | $ 95,000 | $ 42,000 |
| Dothan, AL | 1 | $ 46,000 | $ 46,000 | $ 18,000 |
| Evansville, IN-KY | 1 | $ 76,000 | $ 76,000 | $ 29,000 |
| Fort Collins-Loveland, CO | 1 | $ 132,000 | $ 132,000 | $ 40,000 |
| Greensboro-High Point, NC | 1 | $ 99,000 | $ 99,000 | $ 52,000 |
| Greenville, NC | 1 | $ 85,000 | $ 85,000 | $ 30,000 |
| Greenville-Mauldin-Easley, SC | 1 | $ 200,000 | $ 200,000 | $ 101,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 135,000 | $ 135,000 | $ 37,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 110,000 | $ 110,000 | $ 37,000 |
| Hinesville-Fort Stewart, GA | 1 | $ 189,000 | $ 189,000 | $ 106,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 60,000 | $ 60,000 | $ 36,000 |
| Indianapolis-Carmel, IN | 1 | $ 144,000 | $ 144,000 | $ 86,000 |
| Jacksonville, FL | 1 | $ 76,000 | $ 76,000 | $ 66,000 |
| Killeen-Temple-Fort Hood, TX | 1 | $ 83,000 | $ 83,000 | $ 77,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 74,000 | $ 74,000 | $ 38,000 |
| Lafayette, LA | 1 | $ 105,000 | $ 105,000 | $ 66,000 |
| Lake Charles, LA | 1 | $ 177,000 | $ 177,000 | $ 110,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 88,000 | $ 88,000 | $ 30,000 |
| Lewiston, ID-WA | 1 | $ 115,000 | $ 115,000 | $ 99,000 |
| Lima, OH | 1 | $ 76,000 | $ 76,000 | $ 30,000 |
| Louisville-Jefferson County, KY-IN | 1 | $ 166,000 | $ 166,000 | $ 98,000 |
| Lynchburg, VA | 1 | $ 146,000 | $ 146,000 | $ 64,000 |
| Memphis, TN-MS-AR | 1 | $ 112,000 | $ 112,000 | $ 32,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 154,000 | $ 154,000 | $ 103,000 |
| Mobile, AL | 1 | $ 46,000 | $ 46,000 | $ 19,000 |
| Monroe, LA | 1 | $ 62,000 | $ 62,000 | $ 53,000 |
| Montgomery, AL | 1 | $ 87,000 | $ 87,000 | $ 60,000 |
| Muncie, IN | 1 | $ 60,000 | $ 60,000 | $ 27,000 |
| Muskegon-Norton Shores, MI | 1 | $ 78,000 | $ 78,000 | $ 37,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 117,000 | $ 117,000 | $ 35,000 |
| New Haven-Milford, CT | 1 | $ 115,000 | $ 115,000 | $ 62,000 |
| Ogden-Clearfield, UT | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Provo-Orem, UT | 1 | $ 126,000 | $ 126,000 | $ 23,000 |
| Roanoke, VA | 1 | $ 145,000 | $ 145,000 | $ 36,000 |
| Spartanburg, SC | 1 | $ 115,000 | $ 115,000 | $ 74,000 |
| St. Louis, MO-IL | 1 | $ 117,000 | $ 117,000 | $ 55,000 |
| Tallahassee, FL | 1 | $ 216,000 | $ 216,000 | $ 87,000 |
| Topeka, KS | 1 | $ 88,000 | $ 88,000 | $ 83,000 |
| Valdosta, GA | 1 | $ 101,000 | $ 101,000 | $ 86,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 94,000 | $ 94,000 | $ 29,000 |
| Wilmington, DE-MD-NJ | 1 | $ 128,000 | $ 128,000 | $ 27,000 |
Mortgage Loan Application Detail Totals for Beneficial Financial I, Inc. in 2009
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 | 207 | $26,343,000 | $127,000 | $343,000 | $65,000 | $212,000 |
| Home Improvement | 4 | $419,000 | $104,000 | $125,000 | $45,000 | $53,000 |
| Home Purchase | 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 | 132 | $17,238,000 | $130,000 | $343,000 | $66,000 | $177,000 |
| Black or African American | 51 | $6,254,000 | $122,000 | $318,000 | $64,000 | $212,000 |
| Not Provided | 14 | $1,505,000 | $107,000 | $201,000 | $56,000 | $119,000 |
| Hispanic | 9 | $1,241,000 | $137,000 | $200,000 | $64,000 | $110,000 |
| American Indian or Alaskan Native | 4 | $399,000 | $99,000 | $130,000 | $64,000 | $112,000 |
| Not applicable | 1 | $125,000 | $125,000 | $125,000 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 204 | $25,888,000 | $126,000 | $343,000 | $64,000 | $212,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 7 | $874,000 | $124,000 | $243,000 | $73,000 | $192,000 |
| 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 | 67 | $7,954,000 | $118,000 | $281,000 | $63,000 | $137,000 |
| Application Denied By Financial Institution | 63 | $8,871,000 | $140,000 | $320,000 | $73,000 | $212,000 |
| Application Withdrawn By Applicant | 59 | $7,244,000 | $122,000 | $343,000 | $61,000 | $177,000 |
| Application Approved But Not Accepted | 21 | $2,568,000 | $122,000 | $292,000 | $55,000 | $101,000 |
| Loan Purchased By The Institution | 1 | $125,000 | $125,000 | $125,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 Beneficial Financial I, Inc.'s 2009 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 Beneficial Financial I, Inc.'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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