West Town Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, West Town Bank & Trust of North Riverside, IL reported 59 mortgage applications totaling $40.0 million, down 82% from 2022. The average application was for $677,372, and applicants reported an average income of $76,931. 12% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Chicago-Naperville, IL (57), Myrtle Beach-Conway-North Myrtle Beach, SC-NC (1) and Rocky Mount, NC (1) (applications in parentheses).
| Mortgage Company & Address | West Town Bank & Trust 7820 W 26th Street North Riverside, IL 60546 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 59 |
| Total Mortgage Loan Application Amount | $39,965,000 |
| Average Mortgage Loan Application Amount | $677,372 |
| Highest Mortgage Loan Application Amount | $16,395,000 |
| Average Applicant Income | $76,931 |
| Highest Applicant Income | $111,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records West Town Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 West Town Bank & Trust in 2023
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 | 52 | $15,690,000 | $301,000 | $615,000 | $73,000 | $73,000 |
| Refinancing | 6 | $24,140,000 | $4,023,000 | $16,395,000 | $111,000 | $111,000 |
| Cash-out Refinancing | 1 | $135,000 | $135,000 | $135,000 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 57 | $39,765,000 | $697,000 | $16,395,000 | $0 | $0 |
| Black or African American | 1 | $125,000 | $125,000 | $125,000 | $73,000 | $73,000 |
| Hispanic | 1 | $75,000 | $75,000 | $75,000 | $111,000 | $111,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| White | 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) | 49 | $36,905,000 | $753,000 | $16,395,000 | $92,000 | $111,000 |
| FHA-insured (Federal Housing Administration) | 8 | $2,550,000 | $318,000 | $615,000 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 2 | $510,000 | $255,000 | $265,000 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 Purchased By The Institution | 50 | $14,780,000 | $295,000 | $615,000 | $0 | $0 |
| Loan Originated | 7 | $24,795,000 | $3,542,000 | $16,395,000 | $92,000 | $111,000 |
| Application Denied By Financial Institution | 1 | $125,000 | $125,000 | $125,000 | $0 | $0 |
| Application Withdrawn By Applicant | 1 | $265,000 | $265,000 | $265,000 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 58 | $39,840,000 | $686,000 | $16,395,000 | $92,000 | $111,000 |
| Other | 1 | $125,000 | $125,000 | $125,000 | $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 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into West Town Bank & Trust's 2023 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 West Town Bank & Trust'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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