The Inglis Dealership, Inc. Mortgage Lending & HMDA Data, 2020
In 2020, The Inglis Dealership, Inc. of Elkhart, IN reported 1,233 mortgage applications totaling $21.8 million. The average application was for $17,643, and applicants reported an average income of $27,000. 57% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Fort Wayne, IN (137), Kokomo, IN (111) and Muncie, IN (83) (applications in parentheses).
| Mortgage Company & Address | The Inglis Dealership, Inc. 120 W Lexington Ave Elkhart, IN 46516 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2018 |
| Total Number of Mortgage Applications | 1,233 |
| Total Mortgage Loan Application Amount | $21,755,000 |
| Average Mortgage Loan Application Amount | $17,643 |
| Highest Mortgage Loan Application Amount | $45,000 |
| Average Applicant Income | $27,000 |
| Highest Applicant Income | $318,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Inglis Dealership, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for The Inglis Dealership, Inc. in 2020
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 | 1,233 | $21,755,000 | $17,000 | $45,000 | $27,000 | $318,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 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 | 1,004 | $17,680,000 | $17,000 | $45,000 | $27,000 | $217,000 |
| Black or African American | 121 | $1,965,000 | $16,000 | $45,000 | $28,000 | $90,000 |
| Not applicable | 40 | $830,000 | $20,000 | $45,000 | $25,000 | $56,000 |
| Hispanic | 30 | $590,000 | $19,000 | $45,000 | $27,000 | $48,000 |
| American Indian or Alaskan Native | 28 | $520,000 | $18,000 | $45,000 | $24,000 | $58,000 |
| Asian | 2 | $30,000 | $15,000 | $25,000 | $19,000 | $31,000 |
| Not Provided | 2 | $50,000 | $25,000 | $25,000 | $23,000 | $32,000 |
| 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) | 1,233 | $21,755,000 | $17,000 | $45,000 | $27,000 | $318,000 |
| 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 | 708 | $19,110,000 | $26,000 | $45,000 | $29,000 | $217,000 |
| Application Denied By Financial Institution | 292 | $1,460,000 | $5,000 | $5,000 | $22,000 | $90,000 |
| Application Approved But Not Accepted | 233 | $1,185,000 | $5,000 | $25,000 | $28,000 | $318,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 941 | $20,295,000 | $21,000 | $45,000 | $29,000 | $318,000 |
| Debt-To-Income Ratio | 150 | $750,000 | $5,000 | $5,000 | $21,000 | $62,000 |
| Other | 85 | $425,000 | $5,000 | $5,000 | $22,000 | $54,000 |
| Unverifiable Information | 33 | $165,000 | $5,000 | $5,000 | $25,000 | $90,000 |
| Credit History | 22 | $110,000 | $5,000 | $5,000 | $25,000 | $57,000 |
| Employment History | 2 | $10,000 | $5,000 | $5,000 | $17,000 | $34,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Inglis Dealership, Inc.'s 2020 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 Inglis Dealership, 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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