Affinity Federal Credit Union Mortgage Lending & HMDA Data, 2020

In 2020, Affinity Federal Credit Union of Basking Ridge, NJ reported 3,862 mortgage applications totaling $874.8 million, down 1% from 2019. The average application was for $226,512, and applicants reported an average income of $150,141. 58% of its applications resulted in an originated loan and 15% were denied. Its largest markets were New York-Newark, NY (1,301), Newark, NJ-PA (1,030) and New York-Jersey City-White Plains, NY-NJ (436) (applications in parentheses).

Mortgage Company & Address Affinity Federal Credit Union
73 Mountainview Blvd.
Basking Ridge, NJ 07920
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  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 3,862
Total Mortgage Loan Application Amount $874,790,000
Average Mortgage Loan Application Amount $226,512
Highest Mortgage Loan Application Amount $3,005,000
Average Applicant Income $150,141
Highest Applicant Income $1,860,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Affinity Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Affinity Federal Credit Union by Metropolitan Area in 2020

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
New York-Newark, NY 1,301 $ 284,135,000 $ 218,397 $ 148,741
Newark, NJ-PA 1,030 $ 220,640,000 $ 214,213 $ 152,823
New York-Jersey City-White Plains, NY-NJ 436 $ 128,270,000 $ 294,197 $ 170,233
Allentown-Bethlehem-Easton, PA-NJ 134 $ 19,140,000 $ 142,835 $ 108,746
Trenton, NJ 73 $ 17,375,000 $ 238,013 $ 147,000
Outside any metro area 70 $ 12,810,000 $ 183,000 $ 139,371
Camden, NJ 54 $ 9,890,000 $ 183,148 $ 132,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 50 $ 22,430,000 $ 448,600 $ 171,740
Bridgeport-Stamford-Norwalk, CT 42 $ 13,850,000 $ 329,761 $ 196,000
Atlanta-Sandy Springs-Roswell, GA 37 $ 7,695,000 $ 207,972 $ 151,000
Baltimore-Columbia-Towson, MD 33 $ 11,725,000 $ 355,303 $ 175,000
New Haven-Milford, CT 29 $ 4,475,000 $ 154,310 $ 106,000
Montgomery County-Bucks County-Chester County, PA 25 $ 6,035,000 $ 241,400 $ 158,000
Nassau County-Suffolk County, NY 24 $ 7,550,000 $ 314,583 $ 235,000
East Stroudsburg, PA 22 $ 2,910,000 $ 132,272 $ 104,000
Tampa-St. Petersburg-Clearwater, FL 17 $ 2,755,000 $ 162,058 $ 97,000
Charlotte-Concord-Gastonia, NC-SC 13 $ 1,365,000 $ 105,000 $ 130,538
Minneapolis-St. Paul-Bloomington, MN-WI 13 $ 1,725,000 $ 132,692 $ 101,000
Orlando-Kissimmee-Sanford, FL 13 $ 2,395,000 $ 184,230 $ 100,000
Philadelphia, PA 13 $ 2,815,000 $ 216,538 $ 174,000
West Palm Beach-Boca Raton-Delray Beach, FL 13 $ 2,755,000 $ 211,923 $ 144,000
Denver-Aurora-Lakewood, CO 12 $ 2,470,000 $ 205,833 $ 148,000
Wilmington, DE-MD-NJ 12 $ 1,420,000 $ 118,333 $ 148,666
Raleigh, NC 11 $ 2,335,000 $ 212,272 $ 151,000
Dallas-Plano-Irving, TX 10 $ 2,900,000 $ 290,000 $ 215,000
Las Vegas-Henderson-Paradise, NV 10 $ 2,000,000 $ 200,000 $ 117,000
North Port-Sarasota-Bradenton, FL 10 $ 1,830,000 $ 183,000 $ 161,000
Albany-Schenectady-Troy, NY 9 $ 1,865,000 $ 207,222 $ 78,000
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 9 $ 1,085,000 $ 120,555 $ 73,111
Salisbury, MD-DE 9 $ 1,985,000 $ 220,555 $ 91,000
Cape Coral-Fort Myers, FL 8 $ 1,850,000 $ 231,250 $ 170,000
Deltona-Daytona Beach-Ormond Beach, FL 8 $ 1,200,000 $ 150,000 $ 89,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 8 $ 1,680,000 $ 210,000 $ 155,000
Greensboro-High Point, NC 8 $ 1,200,000 $ 150,000 $ 94,000
Hartford-West Hartford-East Hartford, CT 8 $ 780,000 $ 97,500 $ 131,000
Jacksonville, FL 8 $ 1,560,000 $ 195,000 $ 106,000
Nashville-Davidson--Murfreesboro--Franklin, TN 8 $ 1,680,000 $ 210,000 $ 157,000
Ocean City, NJ 7 $ 2,365,000 $ 337,857 $ 262,000
Phoenix-Mesa-Scottsdale, AZ 7 $ 2,505,000 $ 357,857 $ 140,000
Atlantic City-Hammonton, NJ 6 $ 1,050,000 $ 175,000 $ 180,000
Houston-The Woodlands-Sugar Land, TX 6 $ 960,000 $ 160,000 $ 149,000
Oakland-Hayward-Berkeley, CA 6 $ 2,700,000 $ 450,000 $ 193,000
Seattle-Bellevue-Everett, WA 6 $ 2,460,000 $ 410,000 $ 116,000
Miami-Miami Beach-Kendall, FL 5 $ 2,635,000 $ 527,000 $ 179,000
Pittsburgh, PA 5 $ 365,000 $ 73,000 $ 103,000
Prescott Valley-Prescott, AZ 5 $ 1,455,000 $ 291,000 $ 166,000
San Diego-Carlsbad, CA 5 $ 1,015,000 $ 203,000 $ 189,000
San Jose-Sunnyvale-Santa Clara, CA 5 $ 1,585,000 $ 317,000 $ 222,000
Virginia Beach-Norfolk-Newport News, VA-NC 5 $ 385,000 $ 77,000 $ 53,000
Austin-Round Rock, TX 4 $ 830,000 $ 207,500 $ 186,000
Boston, MA 4 $ 1,170,000 $ 292,500 $ 162,000
Cambridge-Newton-Framingham, MA 4 $ 1,230,000 $ 307,500 $ 183,000
Chicago-Naperville, IL 4 $ 1,330,000 $ 332,500 $ 273,000
Indianapolis-Carmel-Anderson, IN 4 $ 380,000 $ 95,000 $ 37,000
Kansas City, MO-KS 4 $ 990,000 $ 247,500 $ 231,750
Los Angeles-Long Beach-Glendale, CA 4 $ 3,180,000 $ 795,000 $ 361,000
Naples-Immokalee-Marco Island, FL 4 $ 2,000,000 $ 500,000 $ 288,000
Port St. Lucie, FL 4 $ 440,000 $ 110,000 $ 86,000
Portland-Vancouver-Hillsboro, OR-WA 4 $ 980,000 $ 245,000 $ 162,000
Providence-Warwick, RI-MA 4 $ 860,000 $ 215,000 $ 128,000
St. Louis, MO-IL 4 $ 720,000 $ 180,000 $ 90,000
The Villages, FL 4 $ 630,000 $ 157,500 $ 70,000
Anaheim-Santa Ana-Irvine, CA 3 $ 1,165,000 $ 388,333 $ 168,000
Asheville, NC 3 $ 615,000 $ 205,000 $ 95,000
Barnstable Town, MA 3 $ 155,000 $ 51,666 $ 41,000
Canton-Massillon, OH 3 $ 505,000 $ 168,333 $ 62,000
Charleston-North Charleston, SC 3 $ 1,035,000 $ 345,000 $ 199,000
Cincinnati, OH-KY-IN 3 $ 435,000 $ 145,000 $ 175,000
Columbus, OH 3 $ 355,000 $ 118,333 $ 185,000
Durham-Chapel Hill, NC 3 $ 815,000 $ 271,666 $ 127,000
Glens Falls, NY 3 $ 345,000 $ 115,000 $ 186,000
Knoxville, TN 3 $ 395,000 $ 131,666 $ 86,000
New Bern, NC 3 $ 145,000 $ 48,333 $ 97,000
Portland-South Portland, ME 3 $ 395,000 $ 131,666 $ 134,000
San Francisco-Redwood City-South San Francisco, CA 3 $ 2,285,000 $ 761,666 $ 287,000
Scranton--Wilkes-Barre--Hazleton, PA 3 $ 275,000 $ 91,666 $ 116,000
Toledo, OH 3 $ 155,000 $ 51,666 $ 83,000
Wilmington, NC 3 $ 1,975,000 $ 658,333 $ 247,000
Youngstown-Warren-Boardman, OH-PA 3 $ 135,000 $ 45,000 $ 46,000
Ann Arbor, MI 2 $ 430,000 $ 215,000 $ 133,000
Columbia, SC 2 $ 380,000 $ 190,000 $ 83,000
Crestview-Fort Walton Beach-Destin, FL 2 $ 1,480,000 $ 740,000 $ 318,000
Fayetteville-Springdale-Rogers, AR-MO 2 $ 160,000 $ 80,000 $ 67,000
Fort Worth-Arlington, TX 2 $ 700,000 $ 350,000 $ 303,000
Goldsboro, NC 2 $ 40,000 $ 20,000 $ 78,000
Greenville-Anderson-Mauldin, SC 2 $ 410,000 $ 205,000 $ 152,000
Harrisburg-Carlisle, PA 2 $ 220,000 $ 110,000 $ 78,000
Hilton Head Island-Bluffton-Beaufort, SC 2 $ 480,000 $ 240,000 $ 323,000
Ithaca, NY 2 $ 500,000 $ 250,000 $ 121,000
Kingston, NY 2 $ 430,000 $ 215,000 $ 135,000
Lakeland-Winter Haven, FL 2 $ 340,000 $ 170,000 $ 115,000
Lancaster, PA 2 $ 110,000 $ 55,000 $ 122,000
New Orleans-Metairie, LA 2 $ 850,000 $ 425,000 $ 238,000
Oklahoma City, OK 2 $ 310,000 $ 155,000 $ 112,000
Omaha-Council Bluffs, NE-IA 2 $ 110,000 $ 55,000 $ 108,000
Palm Bay-Melbourne-Titusville, FL 2 $ 210,000 $ 105,000 $ 59,000
Punta Gorda, FL 2 $ 320,000 $ 160,000 $ 136,000
Riverside-San Bernardino-Ontario, CA 2 $ 330,000 $ 165,000 $ 203,000
Salem, OR 2 $ 50,000 $ 25,000 $ 68,000
San Antonio-New Braunfels, TX 2 $ 390,000 $ 195,000 $ 120,000
Springfield, MA 2 $ 230,000 $ 115,000 $ 117,000
Tucson, AZ 2 $ 400,000 $ 200,000 $ 70,000
Warren-Troy-Farmington Hills, MI 2 $ 230,000 $ 115,000 $ 142,000
Washington-Baltimore-Arlington, DC 2 $ 630,000 $ 315,000 $ 145,000
Wausau, WI 2 $ 470,000 $ 235,000 $ 88,000
Winston-Salem, NC 2 $ 80,000 $ 40,000 $ 116,000
Abilene, TX 1 $ 185,000 $ 185,000 $ 86,000
Albuquerque, NM 1 $ 145,000 $ 145,000 $ 12,000
Altoona, PA 1 $ 265,000 $ 265,000 $ 136,000
Birmingham-Hoover, AL 1 $ 35,000 $ 35,000 $ 54,000
Boise City, ID 1 $ 155,000 $ 155,000 $ 7,000
Bremerton-Silverdale, WA 1 $ 205,000 $ 205,000 $ 48,000
Burlington, NC 1 $ 265,000 $ 265,000 $ 200,000
Charlottesville, VA 1 $ 405,000 $ 405,000 $ 189,000
Cleveland-Elyria, OH 1 $ 45,000 $ 45,000 $ 197,000
Columbus, IN 1 $ 225,000 $ 225,000 $ 133,000
Corpus Christi, TX 1 $ 35,000 $ 35,000 $ 79,000
Des Moines-West Des Moines, IA 1 $ 95,000 $ 95,000 $ 21,000
Detroit-Dearborn-Livonia, MI 1 $ 55,000 $ 55,000 $ 69,000
Elgin, IL 1 $ 165,000 $ 165,000 $ 64,000
Gainesville, GA 1 $ 225,000 $ 225,000 $ 241,000
Gary, IN 1 $ 55,000 $ 55,000 $ 143,000
Grants Pass, OR 1 $ 365,000 $ 365,000 $ 133,000
Green Bay, WI 1 $ 35,000 $ 35,000 $ 127,000
Hagerstown-Martinsburg, MD-WV 1 $ 125,000 $ 125,000 $ 85,000
Hickory-Lenoir-Morganton, NC 1 $ 505,000 $ 505,000 $ 121,000
Janesville-Beloit, WI 1 $ 15,000 $ 15,000 $ 64,000
Lebanon, PA 1 $ 185,000 $ 185,000 $ 50,000
Little Rock-North Little Rock-Conway, AR 1 $ 225,000 $ 225,000 $ 127,000
Lynchburg, VA 1 $ 175,000 $ 175,000 $ 73,000
Madison, WI 1 $ 85,000 $ 85,000 $ 212,000
Mankato-North Mankato, MN 1 $ 15,000 $ 15,000 $ 50,000
Memphis, TN-MS-AR 1 $ 105,000 $ 105,000 $ 215,000
Milwaukee-Waukesha-West Allis, WI 1 $ 135,000 $ 135,000 $ 52,000
Montgomery, AL 1 $ 65,000 $ 65,000 $ 35,000
Ocala, FL 1 $ 125,000 $ 125,000 $ 103,000
Peoria, IL 1 $ 235,000 $ 235,000 $ 77,000
Racine, WI 1 $ 105,000 $ 105,000 $ 204,000
Reading, PA 1 $ 265,000 $ 265,000 $ 183,000
Richmond, VA 1 $ 195,000 $ 195,000 $ 112,000
Roanoke, VA 1 $ 205,000 $ 205,000 $ 42,000
Rochester, NY 1 $ 35,000 $ 35,000 $ 92,000
Rockingham County-Strafford County, NH 1 $ 345,000 $ 345,000 $ 140,000
Salt Lake City, UT 1 $ 35,000 $ 35,000 $ 125,000
San Rafael, CA 1 $ 245,000 $ 245,000 $ 7,000
Santa Maria-Santa Barbara, CA 1 $ 1,085,000 $ 1,085,000 $ 436,000
Savannah, GA 1 $ 155,000 $ 155,000 $ 55,000
Sebastian-Vero Beach, FL 1 $ 285,000 $ 285,000 $ 266,000
State College, PA 1 $ 35,000 $ 35,000 $ 66,000
Stockton-Lodi, CA 1 $ 255,000 $ 255,000 $ 60,000
Syracuse, NY 1 $ 245,000 $ 245,000 $ 99,000
Tacoma-Lakewood, WA 1 $ 15,000 $ 15,000 $ 84,000
Wheeling, WV-OH 1 $ 55,000 $ 55,000 $ 21,000

Mortgage Loan Application Detail Totals for Affinity Federal Credit Union in 2020

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 Improvement 1,002 $92,450,000 $92,000 $1,475,000 $144,000 $1,322,000
Cash-out Refinancing 777 $246,175,000 $316,000 $2,005,000 $150,000 $1,164,000
Refinancing 750 $237,750,000 $317,000 $3,005,000 $173,000 $1,860,000
Home Purchase 741 $242,525,000 $327,000 $2,135,000 $150,000 $957,000
Other Purpose 590 $55,360,000 $93,000 $2,005,000 $132,000 $1,059,000
Not Applicable 2 $530,000 $265,000 $475,000 $115,000 $115,000

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 2,301 $512,465,000 $222,000 $2,135,000 $153,000 $1,860,000
Not Provided 433 $104,485,000 $241,000 $1,525,000 $158,000 $1,717,000
Black or African American 411 $77,765,000 $189,000 $985,000 $119,000 $522,000
Asian 386 $114,170,000 $295,000 $1,725,000 $170,000 $925,000
Hispanic 276 $48,070,000 $174,000 $835,000 $131,000 $1,059,000
American Indian or Alaskan Native 20 $3,560,000 $178,000 $905,000 $135,000 $474,000
Not applicable 15 $11,555,000 $770,000 $3,005,000 $0 $0
Native Hawaiian or Other Pacific Islander 6 $840,000 $140,000 $335,000 $166,000 $403,000

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) 3,861 $874,765,000 $226,000 $3,005,000 $150,000 $1,860,000
VA-guaranteed (Veterans Administration) 1 $25,000 $25,000 $25,000 $95,000 $95,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $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 Originated 2,240 $554,500,000 $247,000 $3,005,000 $157,000 $1,717,000
Application Denied By Financial Institution 595 $77,295,000 $129,000 $1,525,000 $122,000 $934,000
Application Withdrawn By Applicant 465 $110,385,000 $237,000 $2,105,000 $160,000 $1,322,000
File Closed For Incompleteness 426 $98,550,000 $231,000 $1,505,000 $146,000 $1,860,000
Application Approved But Not Accepted 136 $34,060,000 $250,000 $715,000 $141,000 $636,000
Loan Purchased By The Institution 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 3,267 $797,495,000 $244,000 $3,005,000 $155,000 $1,860,000
Debt-To-Income Ratio 196 $30,610,000 $156,000 $1,005,000 $72,000 $506,000
Collateral 156 $15,870,000 $101,000 $1,525,000 $151,000 $562,000
Credit History 141 $15,515,000 $110,000 $835,000 $139,000 $934,000
Other 71 $9,855,000 $138,000 $755,000 $159,000 $600,000
Employment History 17 $2,055,000 $120,000 $605,000 $98,000 $197,000
Unverifiable Information 7 $455,000 $65,000 $135,000 $99,000 $205,000
Mortgage Insurance Denied 5 $2,605,000 $521,000 $785,000 $257,000 $462,000
Insufficient Cash (Downpayment, Closing Cost) 1 $225,000 $225,000 $225,000 $72,000 $72,000
Credit Application Incomplete 1 $105,000 $105,000 $105,000 $52,000 $52,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Affinity Federal Credit Union's 2020 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 Affinity Federal Credit Union'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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