Tippecanoe Mortgage, Inc Mortgage Lending & HMDA Data, 2012
In 2012, Tippecanoe Mortgage, Inc of Lafayette, IN reported 92 mortgage applications totaling $11.5 million, up 104% from 2011. The average application was for $125,391, and applicants reported an average income of $54,500. 0% of its applications resulted in an originated loan and 42% were denied. Its largest markets were Lafayette, IN (71), Gary, IN (3) and Elkhart-Goshen, IN (1) (applications in parentheses).
| Mortgage Company & Address | Tippecanoe Mortgage, Inc 1221 S Creasy Lane Suite F Lafayette, IN 47905 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 92 |
| Total Mortgage Loan Application Amount | $11,536,000 |
| Average Mortgage Loan Application Amount | $125,391 |
| Highest Mortgage Loan Application Amount | $307,000 |
| Average Applicant Income | $54,500 |
| Highest Applicant Income | $204,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Tippecanoe Mortgage, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Tippecanoe Mortgage, Inc in 2012
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 | 46 | $6,265,000 | $136,000 | $281,000 | $54,000 | $105,000 |
| Refinancing | 46 | $5,271,000 | $114,000 | $307,000 | $55,000 | $204,000 |
| 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 | 77 | $9,512,000 | $123,000 | $307,000 | $56,000 | $204,000 |
| Not Provided | 8 | $766,000 | $95,000 | $171,000 | $44,000 | $105,000 |
| Hispanic | 4 | $664,000 | $166,000 | $267,000 | $66,000 | $105,000 |
| Black or African American | 3 | $594,000 | $198,000 | $243,000 | $43,000 | $65,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 39 | $4,361,000 | $111,000 | $267,000 | $43,000 | $105,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 31 | $4,666,000 | $150,000 | $307,000 | $75,000 | $204,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 20 | $2,281,000 | $114,000 | $239,000 | $48,000 | $91,000 |
| VA-guaranteed (Veterans Administration) | 2 | $228,000 | $114,000 | $127,000 | $40,000 | $51,000 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 45 | $5,669,000 | $125,000 | $307,000 | $58,000 | $153,000 |
| Application Denied By Financial Institution | 39 | $4,800,000 | $123,000 | $281,000 | $49,000 | $204,000 |
| Application Approved But Not Accepted | 3 | $336,000 | $112,000 | $122,000 | $44,000 | $62,000 |
| File Closed For Incompleteness | 3 | $361,000 | $120,000 | $177,000 | $79,000 | $93,000 |
| Preapproval Denied by Financial Institution | 2 | $370,000 | $185,000 | $186,000 | $75,000 | $91,000 |
| Loan Originated | 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 |
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 | 13 | $1,362,000 | $104,000 | $250,000 | $52,000 | $204,000 |
| Other | 7 | $955,000 | $136,000 | $239,000 | $57,000 | $85,000 |
| Collateral | 2 | $282,000 | $141,000 | $181,000 | $58,000 | $65,000 |
| Debt-To-Income Ratio | 2 | $497,000 | $248,000 | $281,000 | $97,000 | $102,000 |
| Employment History | 1 | $130,000 | $130,000 | $130,000 | $35,000 | $35,000 |
| Unverifiable Information | 1 | $51,000 | $51,000 | $51,000 | $35,000 | $35,000 |
| Mortgage Insurance Denied | 1 | $181,000 | $181,000 | $181,000 | $83,000 | $83,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tippecanoe Mortgage, Inc's 2012 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 Tippecanoe Mortgage, 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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