Acacia Federal Savings Bank Mortgage Lending & HMDA Data, 2005
In 2005, Acacia Federal Savings Bank of Falls Church, VA reported 1,467 mortgage applications totaling $476.3 million, down 5% from 2004. The average application was for $324,650, and applicants reported an average income of $102,513. 76% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (322), Bethesda-Frederick-Gaithersburg, MD (115) and Baltimore-Towson, MD (97) (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 | 1,467 |
| Total Mortgage Loan Application Amount | $476,263,000 |
| Average Mortgage Loan Application Amount | $324,650 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $102,513 |
| Highest Applicant Income | $4,790,000 |
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records Acacia Federal Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| District of Columbia, District Of Columbia | 322 | $ 105,701,000 | $ 328,263 | $ 109,000 |
| Fairfax, Virginia | 163 | $ 54,627,000 | $ 335,134 | $ 106,000 |
| Prince William, Virginia | 120 | $ 40,355,000 | $ 336,291 | $ 107,000 |
| Montgomery, Maryland | 104 | $ 34,822,000 | $ 334,826 | $ 84,000 |
| Arlington, Virginia | 103 | $ 23,485,000 | $ 228,009 | $ 115,000 |
| Loudoun, Virginia | 90 | $ 28,641,000 | $ 318,233 | $ 106,000 |
| Prince George's, Maryland | 79 | $ 14,098,000 | $ 178,455 | $ 126,000 |
| Howard, Maryland | 36 | $ 11,688,000 | $ 324,666 | $ 161,000 |
| Fauquier, Virginia | 30 | $ 9,576,000 | $ 319,200 | $ 104,000 |
| Alexandria, Virginia | 29 | $ 8,483,000 | $ 292,517 | $ 87,000 |
| Anne Arundel, Maryland | 26 | $ 8,316,000 | $ 319,846 | $ 188,000 |
| San Diego, California | 17 | $ 9,799,000 | $ 576,411 | $ 0 |
| Orange, California | 16 | $ 9,665,000 | $ 604,062 | $ 0 |
| Baltimore City, Maryland | 15 | $ 3,002,000 | $ 200,133 | $ 149,000 |
| Culpeper, Virginia | 14 | $ 4,398,000 | $ 314,142 | $ 113,000 |
| Berkeley, West Virginia | 13 | $ 2,177,000 | $ 167,461 | $ 67,000 |
| Baltimore, Maryland | 12 | $ 3,405,000 | $ 283,750 | $ 156,000 |
| Wake, North Carolina | 12 | $ 2,740,000 | $ 228,333 | $ 16,000 |
| Stafford, Virginia | 12 | $ 3,100,000 | $ 258,333 | $ 113,000 |
| Frederick, Maryland | 11 | $ 4,156,000 | $ 377,818 | $ 68,000 |
| Spotsylvania, Virginia | 9 | $ 3,028,000 | $ 336,444 | $ 112,000 |
| Los Angeles, California | 8 | $ 4,616,000 | $ 577,000 | $ 0 |
| Cook, Illinois | 8 | $ 4,940,000 | $ 617,500 | $ 0 |
| King, Washington | 8 | $ 3,703,000 | $ 462,875 | $ 0 |
| Fairfax City, Virginia | 7 | $ 2,047,000 | $ 292,428 | $ 159,000 |
| Ventura, California | 6 | $ 3,461,000 | $ 576,833 | $ 0 |
| Fairfield, Connecticut | 5 | $ 2,455,000 | $ 491,000 | $ 0 |
| Cobb, Georgia | 5 | $ 1,638,000 | $ 327,600 | $ 0 |
| DuPage, Illinois | 5 | $ 2,235,000 | $ 447,000 | $ 0 |
| Hennepin, Minnesota | 5 | $ 2,840,000 | $ 568,000 | $ 0 |
| Frederick, Virginia | 5 | $ 1,101,000 | $ 220,200 | $ 130,000 |
| Jefferson, West Virginia | 5 | $ 1,110,000 | $ 222,000 | $ 64,000 |
| Fulton, Georgia | 4 | $ 2,127,000 | $ 531,750 | $ 0 |
| Queen Anne's, Maryland | 4 | $ 1,202,000 | $ 300,500 | $ 50,000 |
| Oakland, Michigan | 4 | $ 1,467,000 | $ 366,750 | $ 0 |
| Chester, Pennsylvania | 4 | $ 2,349,000 | $ 587,250 | $ 0 |
| Maricopa, Arizona | 3 | $ 1,561,000 | $ 520,333 | $ 0 |
| Sussex, Delaware | 3 | $ 539,000 | $ 179,666 | $ 103,000 |
| Will, Illinois | 3 | $ 1,286,000 | $ 428,666 | $ 0 |
| Calvert, Maryland | 3 | $ 978,000 | $ 326,000 | $ 267,000 |
| Charles, Maryland | 3 | $ 740,000 | $ 246,666 | $ 116,000 |
| Harford, Maryland | 3 | $ 397,000 | $ 132,333 | $ 75,000 |
| St. Mary's, Maryland | 3 | $ 927,000 | $ 309,000 | $ 14,000 |
| Talbot, Maryland | 3 | $ 1,100,000 | $ 366,666 | $ 196,000 |
| Washington, Maryland | 3 | $ 607,000 | $ 202,333 | $ 114,000 |
| Worcester, Maryland | 3 | $ 601,000 | $ 200,333 | $ 293,000 |
| Middlesex, New Jersey | 3 | $ 1,137,000 | $ 379,000 | $ 0 |
| Morris, New Jersey | 3 | $ 1,659,000 | $ 553,000 | $ 0 |
| Albemarle, Virginia | 3 | $ 694,000 | $ 231,333 | $ 103,000 |
| Falls Church, Virginia | 3 | $ 768,000 | $ 256,000 | $ 121,000 |
| Fredericksburg, Virginia | 3 | $ 1,028,000 | $ 342,666 | $ 235,000 |
| Manassas Park, Virginia | 3 | $ 798,000 | $ 266,000 | $ 176,000 |
| Riverside, California | 2 | $ 478,000 | $ 239,000 | $ 0 |
| Santa Barbara, California | 2 | $ 1,179,000 | $ 589,500 | $ 0 |
| Santa Cruz, California | 2 | $ 512,000 | $ 256,000 | $ 0 |
| Sonoma, California | 2 | $ 943,000 | $ 471,500 | $ 0 |
| Yolo, California | 2 | $ 860,000 | $ 430,000 | $ 0 |
| Norfolk, Massachusetts | 2 | $ 1,157,000 | $ 578,500 | $ 0 |
| Plymouth, Massachusetts | 2 | $ 1,456,000 | $ 728,000 | $ 0 |
| Bergen, New Jersey | 2 | $ 1,116,000 | $ 558,000 | $ 0 |
| Somerset, New Jersey | 2 | $ 1,451,000 | $ 725,500 | $ 0 |
| Sussex, New Jersey | 2 | $ 727,000 | $ 363,500 | $ 0 |
| Mecklenburg, North Carolina | 2 | $ 1,418,000 | $ 709,000 | $ 0 |
| Allegheny, Pennsylvania | 2 | $ 912,000 | $ 456,000 | $ 37,000 |
| Chesterfield, Virginia | 2 | $ 272,000 | $ 136,000 | $ 137,000 |
| Manassas, Virginia | 2 | $ 332,000 | $ 166,000 | $ 60,000 |
| Virginia Beach, Virginia | 2 | $ 306,000 | $ 153,000 | $ 213,000 |
| Warren, Virginia | 2 | $ 180,000 | $ 90,000 | $ 250,000 |
| Westmoreland, Virginia | 2 | $ 154,000 | $ 77,000 | $ 124,000 |
| Hardy, West Virginia | 2 | $ 273,000 | $ 136,500 | $ 171,000 |
| Calaveras, California | 1 | $ 200,000 | $ 200,000 | $ 0 |
| El Dorado, California | 1 | $ 342,000 | $ 342,000 | $ 0 |
| Marin, California | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Placer, California | 1 | $ 150,000 | $ 150,000 | $ 0 |
| San Luis Obispo, California | 1 | $ 544,000 | $ 544,000 | $ 0 |
| Solano, California | 1 | $ 376,000 | $ 376,000 | $ 0 |
| Stanislaus, California | 1 | $ 207,000 | $ 207,000 | $ 0 |
| Kent, Delaware | 1 | $ 141,000 | $ 141,000 | $ 331,000 |
| Broward, Florida | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Collier, Florida | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Hillsborough, Florida | 1 | $ 696,000 | $ 696,000 | $ 0 |
| Manatee, Florida | 1 | $ 231,000 | $ 231,000 | $ 0 |
| Monroe, Florida | 1 | $ 830,000 | $ 830,000 | $ 0 |
| Orange, Florida | 1 | $ 929,000 | $ 929,000 | $ 0 |
| DeKalb, Georgia | 1 | $ 106,000 | $ 106,000 | $ 0 |
| Gwinnett, Georgia | 1 | $ 647,000 | $ 647,000 | $ 0 |
| Hall, Georgia | 1 | $ 892,000 | $ 892,000 | $ 0 |
| Ada, Idaho | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Lake, Illinois | 1 | $ 398,000 | $ 398,000 | $ 0 |
| Kenton, Kentucky | 1 | $ 399,000 | $ 399,000 | $ 0 |
| Caroline, Maryland | 1 | $ 180,000 | $ 180,000 | $ 73,000 |
| Carroll, Maryland | 1 | $ 136,000 | $ 136,000 | $ 40,000 |
| Dorchester, Maryland | 1 | $ 130,000 | $ 130,000 | $ 0 |
| Garrett, Maryland | 1 | $ 85,000 | $ 85,000 | $ 55,000 |
| Somerset, Maryland | 1 | $ 289,000 | $ 289,000 | $ 203,000 |
| Bristol, Massachusetts | 1 | $ 572,000 | $ 572,000 | $ 0 |
| Essex, Massachusetts | 1 | $ 390,000 | $ 390,000 | $ 0 |
| Middlesex, Massachusetts | 1 | $ 675,000 | $ 675,000 | $ 0 |
| Suffolk, Massachusetts | 1 | $ 376,000 | $ 376,000 | $ 0 |
| Worcester, Massachusetts | 1 | $ 426,000 | $ 426,000 | $ 0 |
| Washtenaw, Michigan | 1 | $ 794,000 | $ 794,000 | $ 0 |
| Anoka, Minnesota | 1 | $ 176,000 | $ 176,000 | $ 0 |
| Dakota, Minnesota | 1 | $ 650,000 | $ 650,000 | $ 0 |
| Olmsted, Minnesota | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Scott, Minnesota | 1 | $ 169,000 | $ 169,000 | $ 0 |
| Washington, Minnesota | 1 | $ 390,000 | $ 390,000 | $ 0 |
| Jackson, Missouri | 1 | $ 539,000 | $ 539,000 | $ 0 |
| Lancaster, Nebraska | 1 | $ 300,000 | $ 300,000 | $ 0 |
| Mercer, New Jersey | 1 | $ 286,000 | $ 286,000 | $ 0 |
| Monmouth, New Jersey | 1 | $ 540,000 | $ 540,000 | $ 0 |
| Ocean, New Jersey | 1 | $ 367,000 | $ 367,000 | $ 0 |
| Dona Ana, New Mexico | 1 | $ 940,000 | $ 940,000 | $ 0 |
| Ontario, New York | 1 | $ 473,000 | $ 473,000 | $ 0 |
| Suffolk, New York | 1 | $ 770,000 | $ 770,000 | $ 0 |
| Durham, North Carolina | 1 | $ 164,000 | $ 164,000 | $ 36,000 |
| Guilford, North Carolina | 1 | $ 190,000 | $ 190,000 | $ 59,000 |
| Cass, North Dakota | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Cuyahoga, Ohio | 1 | $ 154,000 | $ 154,000 | $ 0 |
| Multnomah, Oregon | 1 | $ 318,000 | $ 318,000 | $ 0 |
| Franklin, Pennsylvania | 1 | $ 272,000 | $ 272,000 | $ 157,000 |
| Montgomery, Pennsylvania | 1 | $ 1,000,000 | $ 1,000,000 | $ 0 |
| Aiken, South Carolina | 1 | $ 434,000 | $ 434,000 | $ 0 |
| Horry, South Carolina | 1 | $ 110,000 | $ 110,000 | $ 75,000 |
| Davidson, Tennessee | 1 | $ 616,000 | $ 616,000 | $ 0 |
| Clarke, Virginia | 1 | $ 26,000 | $ 26,000 | $ 96,000 |
| Colonial Heights, Virginia | 1 | $ 123,000 | $ 123,000 | $ 47,000 |
| Fluvanna, Virginia | 1 | $ 418,000 | $ 418,000 | $ 108,000 |
| Gloucester, Virginia | 1 | $ 250,000 | $ 250,000 | $ 174,000 |
| Louisa, Virginia | 1 | $ 391,000 | $ 391,000 | $ 82,000 |
| Orange, Virginia | 1 | $ 225,000 | $ 225,000 | $ 56,000 |
| Portsmouth, Virginia | 1 | $ 270,000 | $ 270,000 | $ 820,000 |
| Roanoke, Virginia | 1 | $ 125,000 | $ 125,000 | $ 56,000 |
| Clark, Washington | 1 | $ 633,000 | $ 633,000 | $ 0 |
| Hampshire, West Virginia | 1 | $ 57,000 | $ 57,000 | $ 30,000 |
| Mineral, West Virginia | 1 | $ 158,000 | $ 158,000 | $ 289,000 |
| Morgan, West Virginia | 1 | $ 176,000 | $ 176,000 | $ 85,000 |
| Waukesha, Wisconsin | 1 | $ 418,000 | $ 418,000 | $ 0 |
Mortgage Loan Application Detail Totals for Acacia Federal Savings Bank in 2005
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 | 1,267 | $403,030,000 | $447,960 | $1,000,000 | $30,880 | $4,790,000 |
| Refinancing | 135 | $43,047,000 | $395,428 | $1,000,000 | $35,214 | $408,000 |
| Home Improvement | 65 | $30,186,000 | $449,812 | $1,000,000 | $10,125 | $220,000 |
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 | 744 | $228,262,000 | $227,625 | $950,000 | $110,875 | $4,790,000 |
| Not Provided | 233 | $65,044,000 | $222,800 | $980,000 | $101,200 | $1,095,000 |
| Not applicable | 200 | $102,905,000 | $504,071 | $1,000,000 | $0 | $0 |
| Black or African American | 126 | $33,297,000 | $267,500 | $920,000 | $118,250 | $3,120,000 |
| Asian | 105 | $27,173,000 | $221,200 | $710,000 | $100,000 | $320,000 |
| Hispanic | 40 | $13,941,000 | $349,000 | $890,000 | $84,333 | $262,000 |
| Native Hawaiian or Other Pacific Islander | 17 | $5,127,000 | $318,666 | $610,000 | $110,666 | $237,000 |
| American Indian or Alaskan Native | 2 | $514,000 | $257,000 | $259,000 | $71,500 | $72,000 |
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) | 1,464 | $475,667,000 | $424,766 | $1,000,000 | $23,466 | $4,790,000 |
| FHA-insured (Federal Housing Administration) | 2 | $407,000 | $203,000 | $249,000 | $62,000 | $86,000 |
| VA-guaranteed (Veterans Administration) | 1 | $189,000 | $189,000 | $189,000 | $39,000 | $39,000 |
| 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 | 1,120 | $325,030,000 | $220,000 | $965,000 | $111,750 | $4,790,000 |
| Loan Purchased By The Institution | 200 | $102,905,000 | $504,071 | $1,000,000 | $0 | $0 |
| Application Approved But Not Accepted | 56 | $15,298,000 | $237,500 | $890,000 | $91,500 | $292,000 |
| Application Denied By Financial Institution | 47 | $17,778,000 | $349,750 | $935,000 | $89,000 | $325,000 |
| Application Withdrawn By Applicant | 44 | $15,252,000 | $284,000 | $980,000 | $80,750 | $590,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 21 | $7,194,000 | $371,250 | $610,000 | $105,000 | $325,000 |
| Debt-To-Income Ratio | 16 | $8,294,000 | $583,000 | $935,000 | $101,000 | $185,000 |
| Other | 6 | $1,624,000 | $267,666 | $418,000 | $24,000 | $132,000 |
| Collateral | 2 | $150,000 | $75,000 | $80,000 | $106,500 | $120,000 |
| Employment History | 2 | $516,000 | $258,000 | $332,000 | $136,000 | $192,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Acacia Federal Savings Bank's 2005 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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