Valley Bank, N.A. Mortgage Lending & HMDA Data, 2004
In 2004, Valley Bank, N.A. of Sioux Falls, SD reported 118 mortgage applications totaling $14.0 million, down 38% from 2003. The average application was for $118,669, and applicants reported an average income of $64,737. 74% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Sioux Falls, SD (86) and Sioux City, IA-NE-SD (6).
| Mortgage Company & Address | Valley Bank, N.A. 4619 E. Arrowhead Pkwy Sioux Falls, SD 57110 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 118 |
| Total Mortgage Loan Application Amount | $14,003,000 |
| Average Mortgage Loan Application Amount | $118,669 |
| Highest Mortgage Loan Application Amount | $347,000 |
| Average Applicant Income | $64,737 |
| Highest Applicant Income | $557,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Valley Bank, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Valley Bank, N.A. 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 71 | $9,283,000 | $123,500 | $346,000 | $39,500 | $145,000 |
| Refinancing | 42 | $4,563,000 | $73,500 | $347,000 | $80,500 | $364,000 |
| Home Improvement | 5 | $157,000 | $27,500 | $70,000 | $114,500 | $557,000 |
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 |
|---|---|---|---|---|---|---|
| White | 116 | $13,522,000 | $79,500 | $347,000 | $64,000 | $557,000 |
| Not applicable | 1 | $322,000 | $322,000 | $322,000 | $62,000 | $62,000 |
| Asian | 1 | $159,000 | $159,000 | $159,000 | $38,000 | $38,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 96 | $11,482,000 | $81,500 | $347,000 | $68,000 | $557,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 18 | $2,010,000 | $111,000 | $194,000 | $39,000 | $56,000 |
| VA-guaranteed (Veterans Administration) | 3 | $398,000 | $132,000 | $159,000 | $37,000 | $46,000 |
| FHA-insured (Federal Housing Administration) | 1 | $113,000 | $113,000 | $113,000 | $56,000 | $56,000 |
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 |
|---|---|---|---|---|---|---|
| Loan Originated | 87 | $10,173,000 | $82,000 | $347,000 | $51,000 | $557,000 |
| Application Approved But Not Accepted | 22 | $2,981,000 | $91,000 | $280,000 | $82,000 | $130,000 |
| Application Denied By Financial Institution | 8 | $768,000 | $73,000 | $200,000 | $66,000 | $139,000 |
| Loan Purchased By The Institution | 1 | $81,000 | $81,000 | $81,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 3 | $120,000 | $45,500 | $63,000 | $55,500 | $139,000 |
| Debt-To-Income Ratio | 2 | $335,000 | $167,000 | $200,000 | $62,000 | $72,000 |
| Employment History | 1 | $171,000 | $171,000 | $171,000 | $75,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $46,000 | $46,000 | $46,000 | $45,000 | $45,000 |
| Collateral | 1 | $96,000 | $96,000 | $96,000 | $33,000 | $33,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Valley Bank, N.A.'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 Valley Bank, N.A.'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 South Dakota, download the full spreadsheet
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