The Inglis Dealership, Inc. Mortgage Lending & HMDA Data, 2018

In 2018, The Inglis Dealership, Inc. of Elkhart, IN reported 1,838 mortgage applications totaling $28.7 million. The average application was for $15,598, and applicants reported an average income of $5,845,000. 60% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Fort Wayne, IN (146), Columbia, SC (144) and Kokomo, IN (109) (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 1,838
Total Mortgage Loan Application Amount $28,670,000
Average Mortgage Loan Application Amount $15,598
Highest Mortgage Loan Application Amount $45,000
Average Applicant Income $5,845,000
Highest Applicant Income $9,900,000

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records The Inglis Dealership, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for The Inglis Dealership, Inc. in 2018

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 1,838 $28,670,000 $15,000 $45,000 $5,845,000 $9,900,000
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 1,184 $18,870,000 $15,000 $45,000 $5,480,000 $9,600,000
Black or African American 493 $7,015,000 $14,000 $35,000 $7,000,000 $9,900,000
Hispanic 72 $1,180,000 $16,000 $35,000 $8,704,000 $9,600,000
Not applicable 55 $965,000 $17,000 $45,000 $0 $0
American Indian or Alaskan Native 18 $310,000 $17,000 $35,000 $2,400,000 $4,800,000
Asian 6 $140,000 $23,000 $35,000 $0 $0
Not Provided 4 $60,000 $15,000 $25,000 $9,600,000 $9,600,000
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) 1,838 $28,670,000 $15,000 $45,000 $5,845,000 $9,900,000
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 1,094 $24,950,000 $22,000 $45,000 $5,741,000 $9,900,000
Application Denied By Financial Institution 378 $1,890,000 $5,000 $5,000 $6,656,000 $9,180,000
Application Approved But Not Accepted 366 $1,830,000 $5,000 $5,000 $5,199,000 $9,600,000
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 1,460 $26,780,000 $18,000 $45,000 $5,589,000 $9,900,000
Debt-To-Income Ratio 182 $910,000 $5,000 $5,000 $7,181,000 $9,180,000
Other 150 $750,000 $5,000 $5,000 $6,804,000 $9,000,000
Credit History 37 $185,000 $5,000 $5,000 $0 $0
Unverifiable Information 8 $40,000 $5,000 $5,000 $0 $0
Employment History 1 $5,000 $5,000 $5,000 $0 $0
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 2018 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.
For a list of all lenders in Indiana, download the full spreadsheet with aggregated HMDA statistics today.

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