Westamerica Mortgage Company Mortgage Lending & HMDA Data, 2003

In 2003, Westamerica Mortgage Company of Oakbrook Terrace, IL reported 21,806 mortgage applications totaling $3.5 billion. The average application was for $158,470, and applicants reported an average income of $20,982. 15% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Chicago, IL (9,409), Denver, CO (1,899) and Kansas City, MO-KS (935) (applications in parentheses).

Mortgage Company & Address Westamerica Mortgage Company
1 S 660 Midwest Road, Suite 100
Oakbrook Terrace, IL 60181
Tel #: available with data download
Federal Regulator * available with data download
Years 2003  
Total Number of Mortgage Applications 21,806
Total Mortgage Loan Application Amount $3,455,597,000
Average Mortgage Loan Application Amount $158,470
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $20,982
Highest Applicant Income $887,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Westamerica Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Westamerica Mortgage Company by Metropolitan Area in 2003

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Chicago, IL 9,409 $ 1,641,995,000 $ 174,513 $ 42,000
Denver, CO 1,899 $ 356,360,000 $ 187,656 $ 31,000
Kansas City, MO-KS 935 $ 117,126,000 $ 125,268 $ 0
Phoenix-Mesa, AZ 669 $ 116,179,000 $ 173,660 $ 61,000
Atlanta, GA 661 $ 95,619,000 $ 144,658 $ 3,000
Charlotte-Gastonia-Rock Hill, NC-SC 304 $ 40,940,000 $ 134,671 $ 0
St. Louis, MO-IL 299 $ 41,162,000 $ 137,665 $ 7,000
Boulder-Longmont, CO 286 $ 61,660,000 $ 215,594 $ 5,000
Raleigh-Durham-Chapel Hill, NC 275 $ 42,820,000 $ 155,709 $ 1,000
Fort Collins-Loveland, CO 266 $ 48,233,000 $ 181,327 $ 4,000
Wichita, KS 261 $ 27,131,000 $ 103,950 $ 0
Jacksonville, FL 237 $ 26,886,000 $ 113,443 $ 14,000
Monmouth-Ocean, NJ 237 $ 46,780,000 $ 197,383 $ 62,000
Tucson, AZ 226 $ 22,425,000 $ 99,225 $ 35,000
Greensboro--Winston-Salem--High Point, NC 216 $ 27,622,000 $ 127,879 $ 0
Kankakee, IL 182 $ 18,179,000 $ 99,884 $ 15,000
Greeley, CO 181 $ 28,993,000 $ 160,182 $ 0
Milwaukee-Waukesha, WI 163 $ 30,298,000 $ 185,877 $ 16,000
Colorado Springs, CO 152 $ 26,730,000 $ 175,855 $ 27,000
Las Vegas, NV-AZ 145 $ 21,444,000 $ 147,889 $ 52,000
Omaha, NE-IA 134 $ 15,451,000 $ 115,305 $ 4,000
Little Rock-North Little Rock, AR 133 $ 13,816,000 $ 103,879 $ 0
Peoria-Pekin, IL 119 $ 10,966,000 $ 92,151 $ 4,000
Detroit, MI 116 $ 16,108,000 $ 138,862 $ 3,000
Gary, IN 113 $ 13,434,000 $ 118,884 $ 28,000
Topeka, KS 113 $ 11,166,000 $ 98,814 $ 0
Kalamazoo-Battle Creek, MI 102 $ 10,215,000 $ 100,147 $ 10,000
Newark, NJ 82 $ 16,909,000 $ 206,207 $ 30,000
Orlando, FL 81 $ 11,295,000 $ 139,444 $ 3,000
Oklahoma City, OK 72 $ 8,447,000 $ 117,319 $ 13,000
Dubuque, IA 65 $ 5,881,000 $ 90,476 $ 0
Tulsa, OK 57 $ 6,896,000 $ 120,982 $ 0
Kenosha, WI 54 $ 8,361,000 $ 154,833 $ 46,000
Springfield, MO 54 $ 5,941,000 $ 110,018 $ 0
Tampa-St. Petersburg-Clearwater, FL 54 $ 7,825,000 $ 144,907 $ 0
Davenport-Moline-Rock Island, IA-IL 53 $ 4,859,000 $ 91,679 $ 38,000
Greenville-Spartanburg-Anderson, SC 53 $ 5,512,000 $ 104,000 $ 0
Philadelphia, PA-NJ 51 $ 5,310,000 $ 104,117 $ 20,000
Madison, WI 50 $ 10,315,000 $ 206,300 $ 0
Indianapolis, IN 49 $ 6,768,000 $ 138,122 $ 14,000
Punta Gorda, FL 45 $ 6,626,000 $ 147,244 $ 0
Rockford, IL 41 $ 4,937,000 $ 120,414 $ 17,000
Middlesex-Somerset-Hunterdon, NJ 37 $ 7,358,000 $ 198,864 $ 26,000
Columbia, SC 36 $ 3,984,000 $ 110,666 $ 0
Lawrence, KS 36 $ 4,979,000 $ 138,305 $ 0
Wilmington, NC 34 $ 4,984,000 $ 146,588 $ 0
Bergen-Passaic, NJ 32 $ 6,072,000 $ 189,750 $ 35,000
Lexington, KY 30 $ 4,355,000 $ 145,166 $ 0
Nashville, TN 29 $ 3,225,000 $ 111,206 $ 1,000
Daytona Beach, FL 28 $ 3,454,000 $ 123,357 $ 2,000
Minneapolis-St. Paul, MN-WI 27 $ 5,598,000 $ 207,333 $ 17,000
Norfolk-Virginia Beach-Newport News, VA-NC 26 $ 3,650,000 $ 140,384 $ 0
West Palm Beach-Boca Raton, FL 26 $ 4,073,000 $ 156,653 $ 24,000
Dallas, TX 21 $ 2,464,000 $ 117,333 $ 4,000
Green Bay, WI 20 $ 3,479,000 $ 173,950 $ 0
Mobile, AL 20 $ 2,212,000 $ 110,600 $ 0
Fayetteville, NC 19 $ 1,768,000 $ 93,052 $ 0
Houston, TX 19 $ 2,521,000 $ 132,684 $ 18,000
Sarasota-Bradenton, FL 19 $ 2,963,000 $ 155,947 $ 0
Grand Rapids-Muskegon-Holland, MI 18 $ 1,943,000 $ 107,944 $ 10,000
Memphis, TN-AR-MS 17 $ 1,623,000 $ 95,470 $ 0
Appleton-Oshkosh-Neenah, WI 16 $ 1,662,000 $ 103,875 $ 0
Melbourne-Titusville-Palm Bay, FL 16 $ 1,409,000 $ 88,062 $ 21,000
South Bend, IN 16 $ 1,090,000 $ 68,125 $ 0
Asheville, NC 15 $ 2,071,000 $ 138,066 $ 0
Fort Pierce-Port St. Lucie, FL 15 $ 2,505,000 $ 167,000 $ 0
Jacksonville, NC 15 $ 2,228,000 $ 148,533 $ 0
Lincoln, NE 15 $ 1,781,000 $ 118,733 $ 0
Columbia, MO 14 $ 2,104,000 $ 150,285 $ 0
Seattle-Bellevue-Everett, WA 14 $ 3,294,000 $ 235,285 $ 75,000
Akron, OH 13 $ 1,723,000 $ 132,538 $ 0
Bloomington-Normal, IL 13 $ 1,846,000 $ 142,000 $ 0
Flint, MI 13 $ 1,919,000 $ 147,615 $ 0
Pueblo, CO 13 $ 1,332,000 $ 102,461 $ 15,000
Corpus Christi, TX 12 $ 782,000 $ 65,166 $ 0
Elkhart-Goshen, IN 12 $ 998,000 $ 83,166 $ 17,000
Birmingham, AL 11 $ 1,562,000 $ 142,000 $ 0
Charleston-North Charleston, SC 11 $ 1,363,000 $ 123,909 $ 0
Des Moines, IA 11 $ 1,368,000 $ 124,363 $ 0
Hickory-Morganton-Lenoir, NC 11 $ 1,435,000 $ 130,454 $ 0
Jersey City, NJ 11 $ 2,558,000 $ 232,545 $ 24,000
Louisville, KY-IN 11 $ 2,155,000 $ 195,909 $ 0
Athens, GA 10 $ 1,167,000 $ 116,700 $ 0
Cleveland-Lorain-Elyria, OH 10 $ 1,236,000 $ 123,600 $ 0
Fort Myers-Cape Coral, FL 10 $ 1,508,000 $ 150,800 $ 58,000
Lakeland-Winter Haven, FL 10 $ 1,116,000 $ 111,600 $ 0
Macon, GA 10 $ 1,007,000 $ 100,700 $ 0
Fayetteville-Springdale-Rogers, AR 9 $ 1,337,000 $ 148,555 $ 0
Flagstaff, AZ-UT 9 $ 1,770,000 $ 196,666 $ 70,000
Grand Junction, CO 9 $ 1,332,000 $ 148,000 $ 0
Laredo, TX 9 $ 1,013,000 $ 112,555 $ 0
San Antonio, TX 9 $ 1,229,000 $ 136,555 $ 0
Tallahassee, FL 9 $ 943,000 $ 104,777 $ 0
Joplin, MO 8 $ 706,000 $ 88,250 $ 0
Savannah, GA 8 $ 915,000 $ 114,375 $ 0
St. Joseph, MO 8 $ 839,000 $ 104,875 $ 0
Yuma, AZ 8 $ 848,000 $ 106,000 $ 48,000
Chattanooga, TN-GA 7 $ 672,000 $ 96,000 $ 0
Fort Lauderdale, FL 7 $ 1,054,000 $ 150,571 $ 47,000
Fort Smith, AR-OK 7 $ 613,000 $ 87,571 $ 0
Gainesville, FL 7 $ 931,000 $ 133,000 $ 0
Harrisburg-Lebanon-Carlisle, PA 7 $ 1,266,000 $ 180,857 $ 0
Naples, FL 7 $ 1,309,000 $ 187,000 $ 66,000
Pensacola, FL 7 $ 649,000 $ 92,714 $ 0
Rocky Mount, NC 7 $ 626,000 $ 89,428 $ 0
Sherman-Denison, TX 7 $ 513,000 $ 73,285 $ 0
Fort Worth-Arlington, TX 6 $ 679,000 $ 113,166 $ 0
Wausau, WI 6 $ 995,000 $ 165,833 $ 0
Albuquerque, NM 5 $ 609,000 $ 121,800 $ 0
Ann Arbor, MI 5 $ 945,000 $ 189,000 $ 0
Baltimore, MD 5 $ 1,269,000 $ 253,800 $ 0
Benton Harbor, MI 5 $ 488,000 $ 97,600 $ 0
Cheyenne, WY 5 $ 621,000 $ 124,200 $ 0
Eau Claire, WI 5 $ 683,000 $ 136,600 $ 0
Fort Wayne, IN 5 $ 969,000 $ 193,800 $ 43,000
Myrtle Beach, SC 5 $ 644,000 $ 128,800 $ 0
Racine, WI 5 $ 667,000 $ 133,400 $ 32,000
Sheboygan, WI 5 $ 957,000 $ 191,400 $ 0
Boston, MA-NH 4 $ 952,000 $ 238,000 $ 0
Brownsville-Harlingen-San Benito, TX 4 $ 356,000 $ 89,000 $ 0
Champaign-Urbana, IL 4 $ 474,000 $ 118,500 $ 0
Fort Walton Beach, FL 4 $ 344,000 $ 86,000 $ 0
Goldsboro, NC 4 $ 335,000 $ 83,750 $ 0
Knoxville, TN 4 $ 651,000 $ 162,750 $ 0
Lansing-East Lansing, MI 4 $ 419,000 $ 104,750 $ 0
Muncie, IN 4 $ 353,000 $ 88,250 $ 0
New Orleans, LA 4 $ 415,000 $ 103,750 $ 0
Pine Bluff, AR 4 $ 379,000 $ 94,750 $ 0
Springfield, IL 4 $ 502,000 $ 125,500 $ 0
Augusta-Aiken, GA-SC 3 $ 308,000 $ 102,666 $ 0
Austin-San Marcos, TX 3 $ 426,000 $ 142,000 $ 0
Cincinnati, OH-KY-IN 3 $ 581,000 $ 193,666 $ 0
Columbus, GA-AL 3 $ 223,000 $ 74,333 $ 0
Columbus, OH 3 $ 298,000 $ 99,333 $ 0
Iowa City, IA 3 $ 279,000 $ 93,000 $ 0
Janesville-Beloit, WI 3 $ 386,000 $ 128,666 $ 18,000
Miami, FL 3 $ 362,000 $ 120,666 $ 26,000
Waterloo-Cedar Falls, IA 3 $ 411,000 $ 137,000 $ 0
Worcester, MA-CT 3 $ 423,000 $ 141,000 $ 0
York, PA 3 $ 490,000 $ 163,333 $ 0
Abilene, TX 2 $ 181,000 $ 90,500 $ 0
Atlantic-Cape May, NJ 2 $ 444,000 $ 222,000 $ 0
Fitchburg-Leominster, MA 2 $ 246,000 $ 123,000 $ 0
Huntsville, AL 2 $ 264,000 $ 132,000 $ 0
Kokomo, IN 2 $ 161,000 $ 80,500 $ 0
Montgomery, AL 2 $ 161,000 $ 80,500 $ 0
Ocala, FL 2 $ 135,000 $ 67,500 $ 0
Richmond-Petersburg, VA 2 $ 301,000 $ 150,500 $ 0
Roanoke, VA 2 $ 284,000 $ 142,000 $ 0
Saginaw-Bay City-Midland, MI 2 $ 240,000 $ 120,000 $ 0
State College, PA 2 $ 334,000 $ 167,000 $ 0
Tacoma, WA 2 $ 416,000 $ 208,000 $ 0
Williamsport, PA 2 $ 172,000 $ 86,000 $ 0
Wilmington-Newark, DE-MD 2 $ 453,000 $ 226,500 $ 0
Albany, GA 1 $ 162,000 $ 162,000 $ 0
Allentown-Bethlehem-Easton, PA 1 $ 61,000 $ 61,000 $ 0
Amarillo, TX 1 $ 170,000 $ 170,000 $ 0
Bellingham, WA 1 $ 239,000 $ 239,000 $ 0
Bremerton, WA 1 $ 174,000 $ 174,000 $ 0
Charlottesville, VA 1 $ 272,000 $ 272,000 $ 0
Dayton-Springfield, OH 1 $ 94,000 $ 94,000 $ 0
Decatur, IL 1 $ 116,000 $ 116,000 $ 0
Enid, OK 1 $ 154,000 $ 154,000 $ 0
Florence, SC 1 $ 183,000 $ 183,000 $ 0
Gadsden, AL 1 $ 133,000 $ 133,000 $ 0
Galveston-Texas City, TX 1 $ 75,000 $ 75,000 $ 0
Greenville, NC 1 $ 405,000 $ 405,000 $ 0
Hamilton-Middletown, OH 1 $ 158,000 $ 158,000 $ 0
Hartford, CT 1 $ 150,000 $ 150,000 $ 0
Killeen-Temple, TX 1 $ 83,000 $ 83,000 $ 0
Lafayette, IN 1 $ 113,000 $ 113,000 $ 0
Lynchburg, VA 1 $ 270,000 $ 270,000 $ 0
McAllen-Edinburg-Mission, TX 1 $ 61,000 $ 61,000 $ 0
New Haven-Meriden, CT 1 $ 225,000 $ 225,000 $ 0
Orange County, CA 1 $ 431,000 $ 431,000 $ 300,000
Panama City, FL 1 $ 71,000 $ 71,000 $ 0
Pittsburgh, PA 1 $ 103,000 $ 103,000 $ 79,000
Pittsfield, MA 1 $ 198,000 $ 198,000 $ 0
Provo-Orem, UT 1 $ 240,000 $ 240,000 $ 0
Reno, NV 1 $ 200,000 $ 200,000 $ 0
Rochester, MN 1 $ 148,000 $ 148,000 $ 44,000
Stamford-Norwalk, CT 1 $ 100,000 $ 100,000 $ 0
Toledo, OH 1 $ 94,000 $ 94,000 $ 0
Tuscaloosa, AL 1 $ 111,000 $ 111,000 $ 0
Waco, TX 1 $ 97,000 $ 97,000 $ 0

Mortgage Loan Application Detail Totals for Westamerica Mortgage Company in 2003

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
Refinancing (home purchase or home improvement, one-to-four family) 15,617 $2,528,825,000 $154,416 $1,500,000 $10,555 $887,000
Home Purchase (one-to-four family) 6,189 $926,772,000 $143,764 $980,000 $22,205 $540,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 0 $0 $0 $0 $0 $0
Home Improvement (one-to-four family) 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 17,437 $2,774,444,000 $152,297 $1,500,000 $54 $96,000
White 3,080 $514,694,000 $197,166 $1,440,000 $108,000 $628,000
Hispanic 655 $82,130,000 $108,833 $600,000 $42,833 $540,000
Black 518 $64,348,000 $105,571 $900,000 $46,857 $887,000
Asian or Pacific Islander 107 $18,301,000 $133,500 $538,000 $55,666 $264,000
Other 8 $1,560,000 $193,750 $358,000 $57,500 $184,000
American Indian or Alaskan Native 1 $120,000 $120,000 $120,000 $50,000 $50,000
Information not provided by applicant in mail or telephone application 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) 16,473 $2,791,531,000 $164,692 $1,500,000 $21,384 $887,000
FHA-insured (Federal Housing Administration) 4,929 $610,390,000 $104,444 $347,000 $8,851 $372,000
VA-guaranteed (Veterans Administration) 404 $53,676,000 $126,409 $293,000 $12,818 $120,000
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 17,432 $2,773,492,000 $152,324 $1,500,000 $0 $0
Loan Originated 3,339 $529,374,000 $168,000 $1,440,000 $95,409 $628,000
Application Withdrawn By Applicant 803 $121,916,000 $171,368 $1,000,000 $72,105 $887,000
Application Denied By Financial Institution 119 $16,791,000 $120,700 $900,000 $60,000 $255,000
File Closed For Incompleteness 96 $11,955,000 $133,125 $331,000 $68,750 $221,000
Application Approved But Not Accepted 17 $2,069,000 $115,000 $257,000 $48,000 $105,000

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
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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Westamerica Mortgage Company's 2003 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 Westamerica Mortgage Company'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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