West Town Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, West Town Bank & Trust of North Riverside, IL reported 623 mortgage applications totaling $175.7 million, down 15% from 2020. The average application was for $282,078, and applicants reported an average income of $94,680. 83% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Baltimore-Columbia-Towson, MD (203), Chicago-Naperville, IL (57) and Virginia Beach-Norfolk-Newport News, VA-NC (21) (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 | 623 |
| Total Mortgage Loan Application Amount | $175,735,000 |
| Average Mortgage Loan Application Amount | $282,078 |
| Highest Mortgage Loan Application Amount | $2,705,000 |
| Average Applicant Income | $94,680 |
| Highest Applicant Income | $630,000 |
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(HMDA) records West Town Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2021
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 | 387 | $115,425,000 | $298,000 | $1,205,000 | $92,000 | $487,000 |
| Refinancing | 158 | $42,020,000 | $265,000 | $2,705,000 | $99,000 | $630,000 |
| Cash-out Refinancing | 50 | $11,530,000 | $230,000 | $545,000 | $96,000 | $256,000 |
| Home Improvement | 28 | $6,760,000 | $241,000 | $525,000 | $105,000 | $200,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 344 | $98,380,000 | $285,000 | $885,000 | $105,000 | $630,000 |
| Asian | 124 | $33,430,000 | $269,000 | $1,205,000 | $78,000 | $487,000 |
| Not Provided | 57 | $15,235,000 | $267,000 | $555,000 | $80,000 | $203,000 |
| Not applicable | 43 | $13,995,000 | $325,000 | $2,705,000 | $0 | $0 |
| Black or African American | 32 | $7,500,000 | $234,000 | $475,000 | $62,000 | $161,000 |
| Hispanic | 19 | $5,855,000 | $308,000 | $595,000 | $98,000 | $141,000 |
| American Indian or Alaskan Native | 3 | $1,195,000 | $398,000 | $515,000 | $129,000 | $170,000 |
| 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) | 385 | $100,665,000 | $261,000 | $2,705,000 | $100,000 | $630,000 |
| VA-guaranteed (Veterans Administration) | 143 | $50,905,000 | $355,000 | $875,000 | $96,000 | $223,000 |
| FHA-insured (Federal Housing Administration) | 87 | $22,785,000 | $261,000 | $545,000 | $66,000 | $145,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $1,380,000 | $172,000 | $235,000 | $45,000 | $79,000 |
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 | 519 | $145,685,000 | $280,000 | $1,205,000 | $95,000 | $630,000 |
| Application Withdrawn By Applicant | 42 | $13,950,000 | $332,000 | $2,705,000 | $92,000 | $444,000 |
| Loan Purchased By The Institution | 40 | $10,840,000 | $271,000 | $765,000 | $0 | $0 |
| Application Denied By Financial Institution | 14 | $2,970,000 | $212,000 | $505,000 | $86,000 | $367,000 |
| Application Approved But Not Accepted | 6 | $1,920,000 | $320,000 | $595,000 | $93,000 | $141,000 |
| File Closed For Incompleteness | 2 | $370,000 | $185,000 | $205,000 | $44,000 | $45,000 |
| 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 | 608 | $172,580,000 | $283,000 | $2,705,000 | $95,000 | $630,000 |
| Collateral | 4 | $570,000 | $142,000 | $195,000 | $136,000 | $367,000 |
| Debt-To-Income Ratio | 4 | $1,020,000 | $255,000 | $505,000 | $41,000 | $65,000 |
| Other | 3 | $655,000 | $218,000 | $305,000 | $79,000 | $150,000 |
| Unverifiable Information | 2 | $440,000 | $220,000 | $325,000 | $93,000 | $165,000 |
| Credit History | 2 | $470,000 | $235,000 | $235,000 | $60,000 | $62,000 |
| Credit Application Incomplete | 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 2021 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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