Waterman Bank Mortgage Lending & HMDA Data, 2024
In 2024, Waterman Bank of Waterman, IL reported 385 mortgage applications totaling $148.7 million, up 3% from 2023. The average application was for $386,246, and applicants reported an average income of $181,659. 82% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Chicago-Naperville, IL (235), Lake County-Kenosha County, IL-WI (25) and West Palm Beach-Boca Raton-Delray Beach, FL (19) (applications in parentheses).
| Mortgage Company & Address | Waterman Bank 248 W Lincoln Hwy Waterman, IL 60556 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 385 |
| Total Mortgage Loan Application Amount | $148,705,000 |
| Average Mortgage Loan Application Amount | $386,246 |
| Highest Mortgage Loan Application Amount | $1,125,000 |
| Average Applicant Income | $181,659 |
| Highest Applicant Income | $1,400,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Waterman Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chicago-Naperville, IL | 235 | $ 89,055,000 | $ 378,957 | $ 182,000 |
| Lake County-Kenosha County, IL-WI | 25 | $ 9,925,000 | $ 397,000 | $ 173,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 19 | $ 8,505,000 | $ 447,631 | $ 185,000 |
| Elgin, IL | 17 | $ 4,485,000 | $ 263,823 | $ 154,000 |
| Outside any metro area | 9 | $ 2,825,000 | $ 313,888 | $ 207,555 |
| Denver-Aurora-Lakewood, CO | 8 | $ 4,930,000 | $ 616,250 | $ 205,000 |
| Charlotte-Concord-Gastonia, NC-SC | 5 | $ 1,135,000 | $ 227,000 | $ 103,000 |
| Dallas-Plano-Irving, TX | 5 | $ 2,785,000 | $ 557,000 | $ 254,000 |
| Boulder, CO | 4 | $ 2,480,000 | $ 620,000 | $ 229,000 |
| Fort Worth-Arlington, TX | 4 | $ 1,510,000 | $ 377,500 | $ 158,000 |
| Lake County-Porter County-Jasper County, IN | 4 | $ 1,020,000 | $ 255,000 | $ 138,000 |
| Port St. Lucie, FL | 4 | $ 2,040,000 | $ 510,000 | $ 164,000 |
| Arlington-Alexandria-Reston, VA-WV | 3 | $ 1,695,000 | $ 565,000 | $ 156,000 |
| South Bend-Mishawaka, IN-MI | 3 | $ 1,125,000 | $ 375,000 | $ 227,000 |
| Bellingham, WA | 2 | $ 1,270,000 | $ 635,000 | $ 375,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 1,030,000 | $ 515,000 | $ 166,000 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 590,000 | $ 295,000 | $ 85,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 790,000 | $ 395,000 | $ 148,000 |
| Jacksonville, FL | 2 | $ 540,000 | $ 270,000 | $ 168,000 |
| Kansas City, MO-KS | 2 | $ 700,000 | $ 350,000 | $ 208,500 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 640,000 | $ 320,000 | $ 132,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 990,000 | $ 495,000 | $ 173,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 760,000 | $ 380,000 | $ 210,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 850,000 | $ 425,000 | $ 144,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 430,000 | $ 215,000 | $ 186,000 |
| Appleton, WI | 1 | $ 465,000 | $ 465,000 | $ 329,000 |
| Bend-Redmond, OR | 1 | $ 255,000 | $ 255,000 | $ 292,000 |
| Colorado Springs, CO | 1 | $ 305,000 | $ 305,000 | $ 119,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 165,000 | $ 165,000 | $ 70,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 275,000 | $ 275,000 | $ 110,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 405,000 | $ 405,000 | $ 150,000 |
| Marietta, GA | 1 | $ 395,000 | $ 395,000 | $ 125,000 |
| Memphis, TN-MS-AR | 1 | $ 165,000 | $ 165,000 | $ 242,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 655,000 | $ 655,000 | $ 281,000 |
| Newark, NJ-PA | 1 | $ 805,000 | $ 805,000 | $ 360,000 |
| Ocala, FL | 1 | $ 175,000 | $ 175,000 | $ 100,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 245,000 | $ 245,000 | $ 155,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 695,000 | $ 695,000 | $ 167,000 |
| Portland-South Portland, ME | 1 | $ 285,000 | $ 285,000 | $ 162,000 |
| St. Petersburg-Clearwater-Largo, FL | 1 | $ 605,000 | $ 605,000 | $ 194,000 |
| Tallahassee, FL | 1 | $ 435,000 | $ 435,000 | $ 198,000 |
| York-Hanover, PA | 1 | $ 205,000 | $ 205,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for Waterman Bank in 2024
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 | 301 | $115,735,000 | $384,000 | $1,125,000 | $175,000 | $705,000 |
| Refinancing | 56 | $24,570,000 | $438,000 | $925,000 | $212,000 | $465,000 |
| Cash-out Refinancing | 21 | $6,315,000 | $300,000 | $655,000 | $146,000 | $658,000 |
| Other Purpose | 5 | $1,735,000 | $347,000 | $765,000 | $430,000 | $1,400,000 |
| Home Improvement | 2 | $350,000 | $175,000 | $205,000 | $88,000 | $118,000 |
| Not Applicable | 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 | 223 | $94,705,000 | $424,000 | $1,125,000 | $195,000 | $658,000 |
| Hispanic | 54 | $14,470,000 | $267,000 | $635,000 | $104,000 | $362,000 |
| Not Provided | 53 | $18,385,000 | $346,000 | $665,000 | $221,000 | $1,400,000 |
| Asian | 36 | $14,530,000 | $403,000 | $925,000 | $172,000 | $536,000 |
| Black or African American | 14 | $4,940,000 | $352,000 | $725,000 | $138,000 | $310,000 |
| Not applicable | 3 | $695,000 | $231,000 | $415,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 2 | $980,000 | $490,000 | $535,000 | $138,000 | $175,000 |
| 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) | 326 | $127,750,000 | $391,000 | $1,125,000 | $192,000 | $1,400,000 |
| FHA-insured (Federal Housing Administration) | 59 | $20,955,000 | $355,000 | $725,000 | $114,000 | $304,000 |
| 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 | 314 | $119,720,000 | $381,000 | $1,125,000 | $179,000 | $1,400,000 |
| Application Withdrawn By Applicant | 49 | $20,815,000 | $424,000 | $795,000 | $208,000 | $532,000 |
| Application Denied By Financial Institution | 19 | $7,275,000 | $382,000 | $925,000 | $140,000 | $328,000 |
| Application Approved But Not Accepted | 3 | $895,000 | $298,000 | $385,000 | $155,000 | $230,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 385 | $148,705,000 | $386,000 | $1,125,000 | $181,000 | $1,400,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Waterman Bank's 2024 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 Waterman 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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