The Genoa Banking Company Mortgage Lending & HMDA Data, 2022
In 2022, The Genoa Banking Company of Genoa, OH reported 635 mortgage applications totaling $151.4 million, down 37% from 2021. The average application was for $238,480, and applicants reported an average income of $133,231. 80% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Toledo, OH (538), Monroe, MI (14) and Cape Coral-Fort Myers, FL (5) (applications in parentheses).
| Mortgage Company & Address | The Genoa Banking Company 801 Main Street Genoa, OH 43430 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 |
| Total Number of Mortgage Applications | 635 |
| Total Mortgage Loan Application Amount | $151,435,000 |
| Average Mortgage Loan Application Amount | $238,480 |
| Highest Mortgage Loan Application Amount | $6,005,000 |
| Average Applicant Income | $133,231 |
| Highest Applicant Income | $2,900,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Genoa Banking Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Lucas, Ohio | 221 | $ 50,205,000 | $ 227,171 | $ 115,000 |
| Ottawa, Ohio | 187 | $ 48,625,000 | $ 260,026 | $ 145,000 |
| Wood, Ohio | 122 | $ 23,840,000 | $ 195,409 | $ 110,000 |
| Sandusky, Ohio | 29 | $ 6,015,000 | $ 207,413 | $ 219,000 |
| Monroe, Michigan | 14 | $ 3,440,000 | $ 245,714 | $ 114,000 |
| Erie, Ohio | 8 | $ 2,120,000 | $ 265,000 | $ 125,000 |
| Fulton, Ohio | 8 | $ 1,580,000 | $ 197,500 | $ 82,000 |
| Lee, Florida | 5 | $ 2,675,000 | $ 535,000 | $ 234,000 |
| Collier, Florida | 3 | $ 925,000 | $ 308,333 | $ 354,000 |
| Franklin, Ohio | 3 | $ 695,000 | $ 231,666 | $ 192,000 |
| Hancock, Ohio | 3 | $ 245,000 | $ 81,666 | $ 51,000 |
| Huron, Ohio | 3 | $ 515,000 | $ 171,666 | $ 110,000 |
| Seneca, Ohio | 3 | $ 965,000 | $ 321,666 | $ 150,000 |
| LaGrange, Indiana | 2 | $ 620,000 | $ 310,000 | $ 46,000 |
| Hillsdale, Michigan | 2 | $ 330,000 | $ 165,000 | $ 104,000 |
| Lorain, Ohio | 2 | $ 830,000 | $ 415,000 | $ 409,000 |
| Charlotte, Florida | 1 | $ 205,000 | $ 205,000 | $ 831,000 |
| Manatee, Florida | 1 | $ 2,325,000 | $ 2,325,000 | $ 0 |
| Sarasota, Florida | 1 | $ 125,000 | $ 125,000 | $ 229,000 |
| Adams, Indiana | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Allen, Indiana | 1 | $ 125,000 | $ 125,000 | $ 62,000 |
| Tippecanoe, Indiana | 1 | $ 185,000 | $ 185,000 | $ 135,000 |
| Grand Traverse, Michigan | 1 | $ 255,000 | $ 255,000 | $ 126,000 |
| Jackson, Michigan | 1 | $ 275,000 | $ 275,000 | $ 84,000 |
| Lake, Michigan | 1 | $ 55,000 | $ 55,000 | $ 33,000 |
| Otsego, Michigan | 1 | $ 775,000 | $ 775,000 | $ 0 |
| Wayne, Michigan | 1 | $ 1,005,000 | $ 1,005,000 | $ 456,000 |
| Rowan, North Carolina | 1 | $ 255,000 | $ 255,000 | $ 142,000 |
| Cuyahoga, Ohio | 1 | $ 405,000 | $ 405,000 | $ 215,000 |
| Henry, Ohio | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Montgomery, Ohio | 1 | $ 55,000 | $ 55,000 | $ 204,000 |
| Trumbull, Ohio | 1 | $ 85,000 | $ 85,000 | $ 173,000 |
| Union, Ohio | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Williams, Ohio | 1 | $ 245,000 | $ 245,000 | $ 157,000 |
| Tulsa, Oklahoma | 1 | $ 555,000 | $ 555,000 | $ 187,000 |
| Montgomery, Pennsylvania | 1 | $ 195,000 | $ 195,000 | $ 0 |
Mortgage Loan Application Detail Totals for The Genoa Banking Company in 2022
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 | 385 | $92,865,000 | $241,000 | $3,905,000 | $136,000 | $1,167,000 |
| Refinancing | 145 | $46,265,000 | $319,000 | $6,005,000 | $117,000 | $456,000 |
| Home Improvement | 45 | $4,475,000 | $99,000 | $775,000 | $196,000 | $2,900,000 |
| Cash-out Refinancing | 37 | $6,735,000 | $182,000 | $385,000 | $108,000 | $250,000 |
| Other Purpose | 23 | $1,095,000 | $47,000 | $155,000 | $107,000 | $231,000 |
| 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 | 499 | $105,165,000 | $210,000 | $1,405,000 | $135,000 | $2,900,000 |
| Not applicable | 86 | $37,760,000 | $439,000 | $6,005,000 | $0 | $0 |
| Not Provided | 25 | $4,515,000 | $180,000 | $505,000 | $128,000 | $632,000 |
| Hispanic | 15 | $2,185,000 | $145,000 | $365,000 | $87,000 | $194,000 |
| Black or African American | 6 | $960,000 | $160,000 | $555,000 | $112,000 | $198,000 |
| Asian | 2 | $300,000 | $150,000 | $175,000 | $163,000 | $176,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $435,000 | $435,000 | $435,000 | $149,000 | $149,000 |
| American Indian or Alaskan Native | 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) | 634 | $151,310,000 | $238,000 | $6,005,000 | $134,000 | $2,900,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $125,000 | $125,000 | $125,000 | $85,000 | $85,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 507 | $111,315,000 | $219,000 | $2,325,000 | $138,000 | $2,900,000 |
| Application Withdrawn By Applicant | 85 | $28,385,000 | $333,000 | $3,905,000 | $135,000 | $632,000 |
| Application Denied By Financial Institution | 36 | $10,690,000 | $296,000 | $6,005,000 | $70,000 | $162,000 |
| Application Approved But Not Accepted | 7 | $1,045,000 | $149,000 | $225,000 | $87,000 | $180,000 |
| File Closed For Incompleteness | 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 | 599 | $140,745,000 | $234,000 | $3,905,000 | $137,000 | $2,900,000 |
| Debt-To-Income Ratio | 14 | $2,140,000 | $152,000 | $365,000 | $70,000 | $113,000 |
| Credit History | 12 | $1,560,000 | $130,000 | $335,000 | $78,000 | $162,000 |
| Collateral | 5 | $455,000 | $91,000 | $135,000 | $63,000 | $128,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $6,205,000 | $2,068,000 | $6,005,000 | $46,000 | $76,000 |
| Other | 1 | $175,000 | $175,000 | $175,000 | $0 | $0 |
| Employment History | 1 | $155,000 | $155,000 | $155,000 | $80,000 | $80,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Genoa Banking Company's 2022 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 The Genoa Banking Company'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.
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