Agchoice Farm Credit Aca Mortgage Lending & HMDA Data, 2006
In 2006, Agchoice Farm Credit Aca of Mechanicsburg, PA reported 777 mortgage applications totaling $113.9 million. The average application was for $146,649, and applicants reported an average income of $333,661. 89% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Pittsburgh, PA (111), York-Hanover, PA (107) and Harrisburg-Carlisle, PA (51) (applications in parentheses).
| Mortgage Company & Address | Agchoice Farm Credit Aca 300 Winding Creek Blvd Mechanicsburg, PA 17050 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 777 |
| Total Mortgage Loan Application Amount | $113,947,000 |
| Average Mortgage Loan Application Amount | $146,649 |
| Highest Mortgage Loan Application Amount | $1,221,000 |
| Average Applicant Income | $333,661 |
| Highest Applicant Income | $8,646,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Agchoice Farm Credit Aca filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Pittsburgh, PA | 111 | $ 14,950,000 | $ 134,684 | $ 83,000 |
| York-Hanover, PA | 107 | $ 18,124,000 | $ 169,383 | $ 1,744,000 |
| Harrisburg-Carlisle, PA | 51 | $ 8,186,000 | $ 160,509 | $ 123,000 |
| Williamsport, PA | 28 | $ 4,695,000 | $ 167,678 | $ 65,000 |
| State College, PA | 25 | $ 4,884,000 | $ 195,360 | $ 106,000 |
| Scranton--Wilkes-Barre, PA | 15 | $ 1,859,000 | $ 123,933 | $ 75,000 |
| Altoona, PA | 11 | $ 1,859,000 | $ 169,000 | $ 203,000 |
| Erie, PA | 11 | $ 2,304,000 | $ 209,454 | $ 167,000 |
| Youngstown-Warren-Boardman, OH-PA | 8 | $ 900,000 | $ 112,500 | $ 68,000 |
| Johnstown, PA | 3 | $ 627,000 | $ 209,000 | $ 86,000 |
| Wheeling, WV-OH | 3 | $ 222,000 | $ 74,000 | $ 53,000 |
| Lancaster, PA | 1 | $ 94,000 | $ 94,000 | $ 42,000 |
| Lebanon, PA | 1 | $ 775,000 | $ 775,000 | $ 192,000 |
| Philadelphia, PA | 1 | $ 306,000 | $ 306,000 | $ 50,000 |
| Reading, PA | 1 | $ 340,000 | $ 340,000 | $ 128,000 |
Mortgage Loan Application Detail Totals for Agchoice Farm Credit Aca in 2006
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 | 431 | $67,279,000 | $156,000 | $980,000 | $517,000 | $8,646,000 |
| Home Purchase | 272 | $41,272,000 | $151,000 | $850,000 | $104,000 | $1,852,000 |
| Home Improvement | 74 | $5,396,000 | $72,000 | $1,221,000 | $110,000 | $856,000 |
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 | 699 | $98,954,000 | $141,000 | $1,221,000 | $350,000 | $8,646,000 |
| Not Provided | 38 | $4,950,000 | $130,000 | $440,000 | $82,000 | $596,000 |
| Not applicable | 31 | $8,329,000 | $268,000 | $775,000 | $346,000 | $3,604,000 |
| American Indian or Alaskan Native | 3 | $511,000 | $170,000 | $221,000 | $62,000 | $111,000 |
| Hispanic | 3 | $408,000 | $136,000 | $201,000 | $53,000 | $79,000 |
| Asian | 2 | $670,000 | $335,000 | $570,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $125,000 | $125,000 | $125,000 | $0 | $0 |
| Black or African American | 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) | 766 | $109,854,000 | $143,000 | $1,221,000 | $336,000 | $8,646,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $3,943,000 | $394,000 | $550,000 | $164,000 | $742,000 |
| VA-guaranteed (Veterans Administration) | 1 | $150,000 | $150,000 | $150,000 | $0 | $0 |
| FHA-insured (Federal Housing Administration) | 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 | 689 | $102,369,000 | $148,000 | $1,221,000 | $367,000 | $8,646,000 |
| Application Denied By Financial Institution | 53 | $6,553,000 | $123,000 | $440,000 | $62,000 | $288,000 |
| Application Withdrawn By Applicant | 23 | $3,410,000 | $148,000 | $440,000 | $69,000 | $264,000 |
| Application Approved But Not Accepted | 11 | $1,590,000 | $144,000 | $285,000 | $102,000 | $321,000 |
| File Closed For Incompleteness | 1 | $25,000 | $25,000 | $25,000 | $36,000 | $36,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 35 | $4,129,000 | $117,000 | $424,000 | $64,000 | $288,000 |
| Collateral | 6 | $683,000 | $113,000 | $200,000 | $62,000 | $84,000 |
| Debt-To-Income Ratio | 5 | $808,000 | $161,000 | $440,000 | $41,000 | $99,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $278,000 | $92,000 | $105,000 | $67,000 | $93,000 |
| Other | 3 | $620,000 | $206,000 | $326,000 | $85,000 | $119,000 |
| Unverifiable Information | 1 | $35,000 | $35,000 | $35,000 | $15,000 | $15,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Agchoice Farm Credit Aca's 2006 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 Agchoice Farm Credit Aca'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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