Acacia Federal Savings Bank Mortgage Lending & HMDA Data, 2003
In 2003, Acacia Federal Savings Bank of Falls Church, VA reported 2,006 mortgage applications totaling $503.8 million. The average application was for $251,124, and applicants reported an average income of $128,215. 84% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Washington, DC-MD-VA-WV (266), Baltimore, MD (168) and San Jose, CA (27) (applications in parentheses).
| Mortgage Company & Address | Acacia Federal Savings Bank 7600 Leesburg Pike, Suite 200 E Falls Church, VA 22043 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,006 |
| Total Mortgage Loan Application Amount | $503,756,000 |
| Average Mortgage Loan Application Amount | $251,124 |
| Highest Mortgage Loan Application Amount | $13,500,000 |
| Average Applicant Income | $128,215 |
| Highest Applicant Income | $2,252,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Acacia Federal Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fairfax, Virginia | 374 | $ 81,723,000 | $ 218,510 | $ 148,000 |
| District of Columbia, District Of Columbia | 266 | $ 77,136,000 | $ 289,984 | $ 166,000 |
| Prince William, Virginia | 259 | $ 49,548,000 | $ 191,305 | $ 82,000 |
| Montgomery, Maryland | 191 | $ 49,482,000 | $ 259,068 | $ 120,000 |
| Loudoun, Virginia | 152 | $ 33,292,000 | $ 219,026 | $ 114,000 |
| Arlington, Virginia | 127 | $ 21,099,000 | $ 166,133 | $ 100,000 |
| Anne Arundel, Maryland | 59 | $ 13,557,000 | $ 229,779 | $ 139,000 |
| Howard, Maryland | 51 | $ 9,297,000 | $ 182,294 | $ 158,000 |
| Prince George's, Maryland | 45 | $ 7,898,000 | $ 175,511 | $ 95,000 |
| Alexandria, Virginia | 43 | $ 8,800,000 | $ 204,651 | $ 124,000 |
| Frederick, Maryland | 29 | $ 6,247,000 | $ 215,413 | $ 99,000 |
| Santa Clara, California | 27 | $ 12,918,000 | $ 478,444 | $ 195,000 |
| Fauquier, Virginia | 26 | $ 5,573,000 | $ 214,346 | $ 111,000 |
| Baltimore, Maryland | 24 | $ 3,918,000 | $ 163,250 | $ 150,000 |
| Stafford, Virginia | 22 | $ 3,552,000 | $ 161,454 | $ 87,000 |
| Orange, California | 18 | $ 8,330,000 | $ 462,777 | $ 152,000 |
| Carroll, Maryland | 16 | $ 1,800,000 | $ 112,500 | $ 71,000 |
| Los Angeles, California | 15 | $ 8,179,000 | $ 545,266 | $ 182,000 |
| Cook, Illinois | 13 | $ 4,870,000 | $ 374,615 | $ 150,000 |
| Alameda, California | 11 | $ 4,702,000 | $ 427,454 | $ 131,000 |
| San Diego, California | 10 | $ 4,784,000 | $ 478,400 | $ 142,000 |
| Maricopa, Arizona | 9 | $ 3,033,000 | $ 337,000 | $ 184,000 |
| San Mateo, California | 8 | $ 3,907,000 | $ 488,375 | $ 127,000 |
| Calvert, Maryland | 8 | $ 815,000 | $ 101,875 | $ 102,000 |
| Charles, Maryland | 7 | $ 1,304,000 | $ 186,285 | $ 52,000 |
| Harford, Maryland | 7 | $ 823,000 | $ 117,571 | $ 114,000 |
| Manassas, Virginia | 7 | $ 836,000 | $ 119,428 | $ 161,000 |
| Spotsylvania, Virginia | 7 | $ 830,000 | $ 118,571 | $ 123,000 |
| Contra Costa, California | 6 | $ 2,180,000 | $ 363,333 | $ 125,000 |
| Douglas, Colorado | 6 | $ 2,761,000 | $ 460,166 | $ 194,000 |
| Baltimore City, Maryland | 6 | $ 1,820,000 | $ 303,333 | $ 154,000 |
| Talbot, Maryland | 6 | $ 1,298,000 | $ 216,333 | $ 92,000 |
| Queen Anne's, Maryland | 5 | $ 2,099,000 | $ 419,800 | $ 101,000 |
| Worcester, Maryland | 5 | $ 752,000 | $ 150,400 | $ 137,000 |
| Chesterfield, Virginia | 5 | $ 1,412,000 | $ 282,400 | $ 133,000 |
| King, Washington | 5 | $ 2,384,000 | $ 476,800 | $ 168,000 |
| San Francisco, California | 4 | $ 1,657,000 | $ 414,250 | $ 106,000 |
| Fairfax City, Virginia | 4 | $ 695,000 | $ 173,750 | $ 113,000 |
| Manassas Park, Virginia | 4 | $ 856,000 | $ 214,000 | $ 92,000 |
| Snohomish, Washington | 4 | $ 1,712,000 | $ 428,000 | $ 174,000 |
| Sonoma, California | 3 | $ 1,672,000 | $ 557,333 | $ 210,000 |
| El Paso, Colorado | 3 | $ 1,097,000 | $ 365,666 | $ 97,000 |
| DuPage, Illinois | 3 | $ 1,591,000 | $ 530,333 | $ 227,000 |
| Caroline, Maryland | 3 | $ 430,000 | $ 143,333 | $ 60,000 |
| Cecil, Maryland | 3 | $ 635,000 | $ 211,666 | $ 75,000 |
| Kalkaska, Michigan | 3 | $ 492,000 | $ 164,000 | $ 130,000 |
| Oakland, Michigan | 3 | $ 1,460,000 | $ 486,666 | $ 268,000 |
| Collin, Texas | 3 | $ 1,493,000 | $ 497,666 | $ 272,000 |
| Albemarle, Virginia | 3 | $ 597,000 | $ 199,000 | $ 81,000 |
| Virginia Beach, Virginia | 3 | $ 463,000 | $ 154,333 | $ 59,000 |
| Marin, California | 2 | $ 817,000 | $ 408,500 | $ 69,000 |
| Riverside, California | 2 | $ 1,347,000 | $ 673,500 | $ 235,000 |
| Arapahoe, Colorado | 2 | $ 1,146,000 | $ 573,000 | $ 229,000 |
| Fairfield, Connecticut | 2 | $ 1,217,000 | $ 608,500 | $ 855,000 |
| Sussex, Delaware | 2 | $ 1,304,000 | $ 652,000 | $ 348,000 |
| Washington, Maryland | 2 | $ 429,000 | $ 214,500 | $ 103,000 |
| Middlesex, Massachusetts | 2 | $ 783,000 | $ 391,500 | $ 158,000 |
| Norfolk, Massachusetts | 2 | $ 1,154,000 | $ 577,000 | $ 334,000 |
| St. Louis, Missouri | 2 | $ 1,295,000 | $ 647,500 | $ 163,000 |
| Lancaster, Nebraska | 2 | $ 179,000 | $ 89,500 | $ 51,000 |
| Clark, Nevada | 2 | $ 1,042,000 | $ 521,000 | $ 224,000 |
| Westmoreland, Pennsylvania | 2 | $ 122,000 | $ 61,000 | $ 36,000 |
| Beaufort, South Carolina | 2 | $ 1,015,000 | $ 507,500 | $ 144,000 |
| Caroline, Virginia | 2 | $ 197,000 | $ 98,500 | $ 43,000 |
| Falls Church, Virginia | 2 | $ 550,000 | $ 275,000 | $ 81,000 |
| Orange, Virginia | 2 | $ 364,000 | $ 182,000 | $ 81,000 |
| Jefferson, West Virginia | 2 | $ 320,000 | $ 160,000 | $ 95,000 |
| Monterey, California | 1 | $ 700,000 | $ 700,000 | $ 363,000 |
| Nevada, California | 1 | $ 500,000 | $ 500,000 | $ 152,000 |
| Placer, California | 1 | $ 402,000 | $ 402,000 | $ 120,000 |
| San Bernardino, California | 1 | $ 525,000 | $ 525,000 | $ 239,000 |
| San Luis Obispo, California | 1 | $ 380,000 | $ 380,000 | $ 71,000 |
| Ventura, California | 1 | $ 453,000 | $ 453,000 | $ 224,000 |
| Boulder, Colorado | 1 | $ 494,000 | $ 494,000 | $ 192,000 |
| New Haven, Connecticut | 1 | $ 1,000,000 | $ 1,000,000 | $ 307,000 |
| Kent, Delaware | 1 | $ 114,000 | $ 114,000 | $ 20,000 |
| Duval, Florida | 1 | $ 342,000 | $ 342,000 | $ 138,000 |
| Palm Beach, Florida | 1 | $ 500,000 | $ 500,000 | $ 240,000 |
| Fulton, Georgia | 1 | $ 487,000 | $ 487,000 | $ 147,000 |
| Honolulu, Hawaii | 1 | $ 594,000 | $ 594,000 | $ 100,000 |
| Hamilton, Indiana | 1 | $ 358,000 | $ 358,000 | $ 150,000 |
| Dorchester, Maryland | 1 | $ 166,000 | $ 166,000 | $ 112,000 |
| Garrett, Maryland | 1 | $ 209,000 | $ 209,000 | $ 355,000 |
| St. Mary's, Maryland | 1 | $ 130,000 | $ 130,000 | $ 133,000 |
| Wicomico, Maryland | 1 | $ 165,000 | $ 165,000 | $ 91,000 |
| Essex, Massachusetts | 1 | $ 13,500,000 | $ 13,500,000 | $ 294,000 |
| Benzie, Michigan | 1 | $ 200,000 | $ 200,000 | $ 209,000 |
| Livingston, Michigan | 1 | $ 380,000 | $ 380,000 | $ 110,000 |
| Wayne, Michigan | 1 | $ 344,000 | $ 344,000 | $ 182,000 |
| Clay, Missouri | 1 | $ 365,000 | $ 365,000 | $ 402,000 |
| Bergen, New Jersey | 1 | $ 450,000 | $ 450,000 | $ 201,000 |
| Essex, New Jersey | 1 | $ 1,500,000 | $ 1,500,000 | $ 1,499,000 |
| Morris, New Jersey | 1 | $ 500,000 | $ 500,000 | $ 84,000 |
| Somerset, New Jersey | 1 | $ 396,000 | $ 396,000 | $ 349,000 |
| Kings, New York | 1 | $ 496,000 | $ 496,000 | $ 166,000 |
| Oklahoma, Oklahoma | 1 | $ 692,000 | $ 692,000 | $ 484,000 |
| Deschutes, Oregon | 1 | $ 468,000 | $ 468,000 | $ 192,000 |
| Montgomery, Pennsylvania | 1 | $ 450,000 | $ 450,000 | $ 195,000 |
| Horry, South Carolina | 1 | $ 181,000 | $ 181,000 | $ 120,000 |
| Oconee, South Carolina | 1 | $ 385,000 | $ 385,000 | $ 146,000 |
| Dallas, Texas | 1 | $ 420,000 | $ 420,000 | $ 880,000 |
| Kaufman, Texas | 1 | $ 220,000 | $ 220,000 | $ 126,000 |
| Utah, Utah | 1 | $ 1,053,000 | $ 1,053,000 | $ 180,000 |
| Augusta, Virginia | 1 | $ 175,000 | $ 175,000 | $ 75,000 |
| Charlottesville, Virginia | 1 | $ 165,000 | $ 165,000 | $ 240,000 |
| Culpeper, Virginia | 1 | $ 90,000 | $ 90,000 | $ 176,000 |
| Frederick, Virginia | 1 | $ 288,000 | $ 288,000 | $ 81,000 |
| Fredericksburg, Virginia | 1 | $ 323,000 | $ 323,000 | $ 319,000 |
| Mecklenburg, Virginia | 1 | $ 49,000 | $ 49,000 | $ 31,000 |
| Nelson, Virginia | 1 | $ 53,000 | $ 53,000 | $ 12,000 |
| Rappahannock, Virginia | 1 | $ 136,000 | $ 136,000 | $ 191,000 |
| Richmond, Virginia | 1 | $ 400,000 | $ 400,000 | $ 402,000 |
| Shenandoah, Virginia | 1 | $ 96,000 | $ 96,000 | $ 160,000 |
| Warren, Virginia | 1 | $ 314,000 | $ 314,000 | $ 122,000 |
| Westmoreland, Virginia | 1 | $ 86,000 | $ 86,000 | $ 44,000 |
| Winchester, Virginia | 1 | $ 46,000 | $ 46,000 | $ 41,000 |
| Island, Washington | 1 | $ 414,000 | $ 414,000 | $ 160,000 |
| Milwaukee, Wisconsin | 1 | $ 512,000 | $ 512,000 | $ 598,000 |
Mortgage Loan Application Detail Totals for Acacia Federal Savings Bank 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 |
|---|---|---|---|---|---|---|
| Home Purchase (one-to-four family) | 1,207 | $268,117,000 | $783,611 | $13,500,000 | $190,388 | $2,252,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 798 | $235,564,000 | $441,607 | $1,200,000 | $229,642 | $1,338,000 |
| Home Improvement (one-to-four family) | 1 | $75,000 | $75,000 | $75,000 | $301,000 | $301,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 1,413 | $357,053,000 | $909,034 | $13,500,000 | $231,793 | $1,499,000 |
| Information not provided by applicant in mail or telephone application | 184 | $51,676,000 | $345,500 | $1,200,000 | $179,000 | $880,000 |
| Asian or Pacific Islander | 158 | $41,197,000 | $424,125 | $1,000,000 | $188,125 | $800,000 |
| Black | 148 | $32,169,000 | $274,600 | $1,000,000 | $131,000 | $700,000 |
| Hispanic | 71 | $13,696,000 | $272,000 | $855,000 | $104,600 | $580,000 |
| Other | 21 | $4,785,000 | $272,250 | $844,000 | $136,750 | $400,000 |
| American Indian or Alaskan Native | 9 | $2,455,000 | $328,000 | $533,000 | $160,500 | $326,000 |
| Not applicable | 2 | $725,000 | $362,500 | $365,000 | $1,173,000 | $2,252,000 |
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) | 1,960 | $495,600,000 | $541,482 | $13,500,000 | $226,620 | $2,252,000 |
| FHA-insured (Federal Housing Administration) | 37 | $6,398,000 | $143,000 | $274,000 | $80,400 | $120,000 |
| VA-guaranteed (Veterans Administration) | 9 | $1,758,000 | $180,000 | $238,000 | $25,000 | $101,000 |
| 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 Originated | 1,691 | $373,013,000 | $183,461 | $1,000,000 | $108,153 | $2,252,000 |
| Loan Purchased By The Institution | 195 | $108,917,000 | $641,269 | $13,500,000 | $285,423 | $1,499,000 |
| Application Withdrawn By Applicant | 58 | $8,710,000 | $226,000 | $855,000 | $134,000 | $474,000 |
| Application Denied By Financial Institution | 47 | $9,199,000 | $232,666 | $850,000 | $116,333 | $350,000 |
| Application Approved But Not Accepted | 15 | $3,917,000 | $256,000 | $589,000 | $80,500 | $206,000 |
| 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 | 21 | $4,716,000 | $242,000 | $850,000 | $118,000 | $350,000 |
| Debt-To-Income Ratio | 18 | $3,216,000 | $201,333 | $468,000 | $113,666 | $201,000 |
| Unverifiable Information | 4 | $662,000 | $171,333 | $352,000 | $78,000 | $102,000 |
| Other | 2 | $485,000 | $242,500 | $303,000 | $162,000 | $217,000 |
| Collateral | 1 | $90,000 | $90,000 | $90,000 | $176,000 | $176,000 |
| Credit Application Incomplete | 1 | $30,000 | $30,000 | $30,000 | $62,000 | $62,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Acacia Federal Savings Bank'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 Acacia Federal Savings 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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