The Grange Bank Mortgage Lending & HMDA Data, 2004
In 2004, The Grange Bank of Columbus, OH reported 928 mortgage applications totaling $100.1 million, up 117% from 2003. The average application was for $107,867, and applicants reported an average income of $83,900. 53% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Columbus, OH (153), Warren-Farmington Hills-Troy, MI (109) and Atlanta-Sandy Springs-Marietta, GA (42) (applications in parentheses).
| Mortgage Company & Address | The Grange Bank 605 South Front Street, Suite 100 Columbus, OH 43215 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 928 |
| Total Mortgage Loan Application Amount | $100,101,000 |
| Average Mortgage Loan Application Amount | $107,867 |
| Highest Mortgage Loan Application Amount | $723,000 |
| Average Applicant Income | $83,900 |
| Highest Applicant Income | $1,950,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Grange Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Columbus, OH | 153 | $ 17,877,000 | $ 116,843 | $ 73,000 |
| Warren-Farmington Hills-Troy, MI | 109 | $ 14,486,000 | $ 132,899 | $ 77,000 |
| Atlanta-Sandy Springs-Marietta, GA | 42 | $ 3,368,000 | $ 80,190 | $ 169,000 |
| Louisville, KY-IN | 41 | $ 5,335,000 | $ 130,121 | $ 61,000 |
| Indianapolis, IN | 37 | $ 4,454,000 | $ 120,378 | $ 75,000 |
| Lansing-East Lansing, MI | 33 | $ 5,727,000 | $ 173,545 | $ 112,000 |
| Grand Rapids-Wyoming, MI | 32 | $ 3,922,000 | $ 122,562 | $ 167,000 |
| Cleveland-Elyria-Mentor, OH | 30 | $ 2,627,000 | $ 87,566 | $ 94,000 |
| Chicago-Naperville-Joliet, IL | 20 | $ 2,857,000 | $ 142,850 | $ 99,000 |
| Detroit-Livonia-Dearborn, MI | 15 | $ 1,505,000 | $ 100,333 | $ 69,000 |
| Elkhart-Goshen, IN | 14 | $ 460,000 | $ 32,857 | $ 75,000 |
| Akron, OH | 13 | $ 1,145,000 | $ 88,076 | $ 52,000 |
| Cincinnati-Middletown, OH-KY-IN | 13 | $ 1,241,000 | $ 95,461 | $ 63,000 |
| Memphis, TN-MS-AR | 12 | $ 1,461,000 | $ 121,750 | $ 63,000 |
| Toledo, OH | 10 | $ 1,506,000 | $ 150,600 | $ 103,000 |
| Youngstown-Warren-Boardman, OH-PA | 8 | $ 551,000 | $ 68,875 | $ 53,000 |
| Flint, MI | 7 | $ 916,000 | $ 130,857 | $ 81,000 |
| Fort Wayne, IN | 7 | $ 563,000 | $ 80,428 | $ 71,000 |
| Chattanooga, TN-GA | 6 | $ 485,000 | $ 80,833 | $ 49,000 |
| Knoxville, TN | 6 | $ 505,000 | $ 84,166 | $ 72,000 |
| Pittsburgh, PA | 6 | $ 618,000 | $ 103,000 | $ 175,000 |
| Ann Arbor, MI | 5 | $ 1,301,000 | $ 260,200 | $ 364,000 |
| Augusta-Richmond County, GA-SC | 5 | $ 176,000 | $ 35,200 | $ 62,000 |
| Battle Creek, MI | 5 | $ 442,000 | $ 88,400 | $ 44,000 |
| Holland-Grand Haven, MI | 5 | $ 743,000 | $ 148,600 | $ 109,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 5 | $ 211,000 | $ 42,200 | $ 88,000 |
| Dayton, OH | 4 | $ 251,000 | $ 62,750 | $ 55,000 |
| Gary, IN | 4 | $ 434,000 | $ 108,500 | $ 66,000 |
| Lexington-Fayette, KY | 4 | $ 480,000 | $ 120,000 | $ 79,000 |
| Springfield, OH | 4 | $ 230,000 | $ 57,500 | $ 49,000 |
| Warner Robins, GA | 4 | $ 202,000 | $ 50,500 | $ 52,000 |
| Anderson, IN | 3 | $ 174,000 | $ 58,000 | $ 69,000 |
| Canton-Massillon, OH | 3 | $ 55,000 | $ 18,333 | $ 28,000 |
| Michigan City-La Porte, IN | 3 | $ 204,000 | $ 68,000 | $ 32,000 |
| Naples-Marco Island, FL | 3 | $ 689,000 | $ 229,666 | $ 255,000 |
| Nashville-Davidson--Murfreesboro, TN | 3 | $ 549,000 | $ 183,000 | $ 79,000 |
| Athens-Clarke County, GA | 2 | $ 190,000 | $ 95,000 | $ 58,000 |
| Cleveland, TN | 2 | $ 307,000 | $ 153,500 | $ 46,000 |
| Kalamazoo-Portage, MI | 2 | $ 234,000 | $ 117,000 | $ 52,000 |
| Madison, WI | 2 | $ 59,000 | $ 29,500 | $ 649,000 |
| Mansfield, OH | 2 | $ 60,000 | $ 30,000 | $ 24,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 167,000 | $ 83,500 | $ 99,000 |
| Muncie, IN | 2 | $ 169,000 | $ 84,500 | $ 60,000 |
| Rockford, IL | 2 | $ 114,000 | $ 57,000 | $ 44,000 |
| Savannah, GA | 2 | $ 51,000 | $ 25,500 | $ 45,000 |
| South Bend-Mishawaka, IN-MI | 2 | $ 139,000 | $ 69,500 | $ 51,000 |
| Bloomington, IN | 1 | $ 80,000 | $ 80,000 | $ 88,000 |
| Bloomington-Normal, IL | 1 | $ 10,000 | $ 10,000 | $ 115,000 |
| Cedar Rapids, IA | 1 | $ 25,000 | $ 25,000 | $ 58,000 |
| Columbia, MO | 1 | $ 239,000 | $ 239,000 | $ 89,000 |
| Columbia, SC | 1 | $ 15,000 | $ 15,000 | $ 80,000 |
| Columbus, GA-AL | 1 | $ 25,000 | $ 25,000 | $ 101,000 |
| Des Moines, IA | 1 | $ 20,000 | $ 20,000 | $ 60,000 |
| Duluth, MN-WI | 1 | $ 19,000 | $ 19,000 | $ 42,000 |
| Gainesville, GA | 1 | $ 15,000 | $ 15,000 | $ 204,000 |
| Green Bay, WI | 1 | $ 20,000 | $ 20,000 | $ 24,000 |
| Jackson, MI | 1 | $ 80,000 | $ 80,000 | $ 17,000 |
| Kansas City, MO-KS | 1 | $ 142,000 | $ 142,000 | $ 96,000 |
| Lafayette, IN | 1 | $ 26,000 | $ 26,000 | $ 40,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 173,000 | $ 173,000 | $ 73,000 |
| Lakeland, FL | 1 | $ 60,000 | $ 60,000 | $ 45,000 |
| Lima, OH | 1 | $ 25,000 | $ 25,000 | $ 21,000 |
| Monroe, MI | 1 | $ 130,000 | $ 130,000 | $ 75,000 |
| Montgomery, AL | 1 | $ 55,000 | $ 55,000 | $ 49,000 |
| Muskegon-Norton Shores, MI | 1 | $ 90,000 | $ 90,000 | $ 19,000 |
| Owensboro, KY | 1 | $ 70,000 | $ 70,000 | $ 30,000 |
| Panama City-Lynn Haven, FL | 1 | $ 64,000 | $ 64,000 | $ 154,000 |
| Peoria, IL | 1 | $ 30,000 | $ 30,000 | $ 15,000 |
| Reading, PA | 1 | $ 167,000 | $ 167,000 | $ 215,000 |
| Rome, GA | 1 | $ 15,000 | $ 15,000 | $ 67,000 |
| Sandusky, OH | 1 | $ 106,000 | $ 106,000 | $ 44,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 162,000 | $ 162,000 | $ 212,000 |
| Springfield, IL | 1 | $ 15,000 | $ 15,000 | $ 59,000 |
| St. Louis, MO-IL | 1 | $ 387,000 | $ 387,000 | $ 160,000 |
| Terre Haute, IN | 1 | $ 104,000 | $ 104,000 | $ 53,000 |
| Vero Beach, FL | 1 | $ 35,000 | $ 35,000 | $ 30,000 |
| Waterloo-Cedar Falls, IA | 1 | $ 15,000 | $ 15,000 | $ 19,000 |
Mortgage Loan Application Detail Totals for The Grange Bank in 2004
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 | 467 | $61,303,000 | $151,714 | $723,000 | $122,500 | $998,000 |
| Home Improvement | 247 | $9,483,000 | $41,000 | $312,000 | $99,083 | $1,950,000 |
| Home Purchase | 214 | $29,315,000 | $148,000 | $700,000 | $84,090 | $612,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 445 | $27,552,000 | $76,214 | $400,000 | $91,642 | $1,950,000 |
| White | 443 | $67,822,000 | $191,750 | $700,000 | $141,583 | $998,000 |
| Black or African American | 26 | $3,093,000 | $131,000 | $723,000 | $67,000 | $387,000 |
| Asian | 8 | $1,022,000 | $147,333 | $245,000 | $72,666 | $180,000 |
| Hispanic | 4 | $464,000 | $114,333 | $140,000 | $49,000 | $66,000 |
| Not applicable | 2 | $148,000 | $74,000 | $78,000 | $107,000 | $124,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 928 | $100,101,000 | $109,375 | $723,000 | $105,000 | $1,950,000 |
| 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 | 494 | $67,244,000 | $130,416 | $723,000 | $128,750 | $998,000 |
| Application Denied By Financial Institution | 220 | $12,869,000 | $56,533 | $400,000 | $67,333 | $1,950,000 |
| Application Withdrawn By Applicant | 190 | $14,242,000 | $62,400 | $470,000 | $138,800 | $1,380,000 |
| Loan Purchased By The Institution | 22 | $5,387,000 | $251,200 | $585,000 | $144,600 | $366,000 |
| Application Approved But Not Accepted | 2 | $359,000 | $179,500 | $265,000 | $55,500 | $65,000 |
| File Closed For Incompleteness | 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 | 61 | $5,687,000 | $78,000 | $326,000 | $51,416 | $240,000 |
| Debt-To-Income Ratio | 60 | $3,286,000 | $55,800 | $400,000 | $63,400 | $240,000 |
| Collateral | 40 | $1,999,000 | $41,428 | $219,000 | $53,857 | $182,000 |
| Employment History | 32 | $688,000 | $23,400 | $70,000 | $80,700 | $1,950,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $389,000 | $32,800 | $70,000 | $59,400 | $96,000 |
| Unverifiable Information | 9 | $382,000 | $46,500 | $127,000 | $79,666 | $222,000 |
| Other | 8 | $438,000 | $59,333 | $140,000 | $55,333 | $95,000 |
| Credit Application Incomplete | 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 Grange Bank's 2004 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 Grange 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.
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