Altra Federal Credit Union Mortgage Lending & HMDA Data, 2011

In 2011, Altra Federal Credit Union of Onalaska, WI reported 3,315 mortgage applications totaling $432.5 million, up 16% from 2010. The average application was for $130,478, and applicants reported an average income of $82,727. 72% of its applications resulted in an originated loan and 4% were denied. Its largest markets were La Crosse, WI-MN (1,921), Tyler, TX (331) and Clarksville, TN-KY (150) (applications in parentheses).

Mortgage Company & Address Altra Federal Credit Union
1700 Oak Forest Drive
Onalaska, WI 54650
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 3,315
Total Mortgage Loan Application Amount $432,535,000
Average Mortgage Loan Application Amount $130,478
Highest Mortgage Loan Application Amount $1,845,000
Average Applicant Income $82,727
Highest Applicant Income $1,252,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Altra Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Altra Federal Credit Union by County in 2011

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
La Crosse, Wisconsin 1,712 $ 220,202,000 $ 128,622 $ 82,000
Smith, Texas 331 $ 40,543,000 $ 122,486 $ 92,000
Houston, Minnesota 209 $ 28,353,000 $ 135,660 $ 76,000
Winona, Minnesota 176 $ 24,963,000 $ 141,835 $ 74,000
Montgomery, Tennessee 128 $ 15,652,000 $ 122,281 $ 70,000
Vernon, Wisconsin 117 $ 15,448,000 $ 132,034 $ 76,000
Monroe, Wisconsin 64 $ 8,049,000 $ 125,765 $ 71,000
Trempealeau, Wisconsin 61 $ 8,225,000 $ 134,836 $ 73,000
Cherokee, Texas 25 $ 3,446,000 $ 137,840 $ 80,000
Henderson, Texas 22 $ 2,093,000 $ 95,136 $ 72,000
Hennepin, Minnesota 20 $ 4,268,000 $ 213,400 $ 132,000
Stewart, Tennessee 20 $ 2,070,000 $ 103,500 $ 58,000
Jackson, Wisconsin 19 $ 2,075,000 $ 109,210 $ 60,000
Buffalo, Wisconsin 16 $ 1,634,000 $ 102,125 $ 81,000
Fayette, Kentucky 12 $ 1,609,000 $ 134,083 $ 109,000
Pueblo, Colorado 11 $ 1,145,000 $ 104,090 $ 84,000
Ramsey, Minnesota 11 $ 1,543,000 $ 140,272 $ 85,000
Dane, Wisconsin 10 $ 2,093,000 $ 209,300 $ 104,000
Fillmore, Minnesota 8 $ 611,000 $ 76,375 $ 55,000
Sebastian, Arkansas 7 $ 412,000 $ 58,857 $ 51,000
Allamakee, Iowa 7 $ 1,201,000 $ 171,571 $ 148,000
Olmsted, Minnesota 7 $ 1,286,000 $ 183,714 $ 84,000
Davidson, Tennessee 7 $ 605,000 $ 86,428 $ 88,000
Harris, Texas 7 $ 1,026,000 $ 146,571 $ 128,000
Crawford, Wisconsin 7 $ 914,000 $ 130,571 $ 51,000
Todd, Kentucky 6 $ 352,000 $ 58,666 $ 56,000
Denton, Texas 6 $ 882,000 $ 147,000 $ 94,000
Eau Claire, Wisconsin 6 $ 726,000 $ 121,000 $ 54,000
Hillsborough, Florida 5 $ 984,000 $ 196,800 $ 160,000
Clark, Kentucky 5 $ 446,000 $ 89,200 $ 96,000
Scott, Minnesota 5 $ 905,000 $ 181,000 $ 83,000
Anderson, Texas 5 $ 338,000 $ 67,600 $ 60,000
Van Zandt, Texas 5 $ 790,000 $ 158,000 $ 88,000
Lee, Florida 4 $ 950,000 $ 237,500 $ 113,000
Scott, Iowa 4 $ 586,000 $ 146,500 $ 97,000
Washington, Minnesota 4 $ 1,049,000 $ 262,250 $ 137,000
Mercer, New Jersey 4 $ 605,000 $ 151,250 $ 83,000
Gregg, Texas 4 $ 425,000 $ 106,250 $ 68,000
Rusk, Texas 4 $ 478,000 $ 119,500 $ 79,000
Tarrant, Texas 4 $ 312,000 $ 78,000 $ 85,000
Upshur, Texas 4 $ 536,000 $ 134,000 $ 44,000
Barron, Wisconsin 4 $ 670,000 $ 167,500 $ 108,000
Brown, Wisconsin 4 $ 688,000 $ 172,000 $ 91,000
Crawford, Arkansas 3 $ 165,000 $ 55,000 $ 63,000
Adams, Colorado 3 $ 672,000 $ 224,000 $ 243,000
Broward, Florida 3 $ 390,000 $ 130,000 $ 112,000
Bourbon, Kentucky 3 $ 140,000 $ 46,666 $ 37,000
Madison, Kentucky 3 $ 344,000 $ 114,666 $ 73,000
Wabasha, Minnesota 3 $ 354,000 $ 118,000 $ 90,000
Jefferson, Tennessee 3 $ 1,243,000 $ 414,333 $ 98,000
Robertson, Tennessee 3 $ 421,000 $ 140,333 $ 69,000
Wood, Texas 3 $ 253,000 $ 84,333 $ 95,000
Juneau, Wisconsin 3 $ 507,000 $ 169,000 $ 57,000
Marathon, Wisconsin 3 $ 529,000 $ 176,333 $ 79,000
Milwaukee, Wisconsin 3 $ 419,000 $ 139,666 $ 118,000
Richland, Wisconsin 3 $ 555,000 $ 185,000 $ 196,000
Sauk, Wisconsin 3 $ 348,000 $ 116,000 $ 83,000
Sawyer, Wisconsin 3 $ 431,000 $ 143,666 $ 292,000
Boulder, Colorado 2 $ 410,000 $ 205,000 $ 54,000
Routt, Colorado 2 $ 476,000 $ 238,000 $ 141,000
Weld, Colorado 2 $ 352,000 $ 176,000 $ 71,000
Charlotte, Florida 2 $ 218,000 $ 109,000 $ 173,000
Orange, Florida 2 $ 229,000 $ 114,500 $ 91,000
Palm Beach, Florida 2 $ 352,000 $ 176,000 $ 171,000
Sumter, Florida 2 $ 423,000 $ 211,500 $ 207,000
DuPage, Illinois 2 $ 295,000 $ 147,500 $ 100,000
Henry, Iowa 2 $ 64,000 $ 32,000 $ 104,000
Story, Iowa 2 $ 325,000 $ 162,500 $ 67,000
Garrard, Kentucky 2 $ 254,000 $ 127,000 $ 62,000
Jefferson, Kentucky 2 $ 444,000 $ 222,000 $ 148,000
Jessamine, Kentucky 2 $ 263,000 $ 131,500 $ 42,000
Johnson, Kentucky 2 $ 61,000 $ 30,500 $ 28,000
Rockcastle, Kentucky 2 $ 133,000 $ 66,500 $ 32,000
Scott, Kentucky 2 $ 184,000 $ 92,000 $ 68,000
Iberia, Louisiana 2 $ 224,000 $ 112,000 $ 49,000
Lincoln, Louisiana 2 $ 350,000 $ 175,000 $ 100,000
Otter Tail, Minnesota 2 $ 324,000 $ 162,000 $ 88,000
Pine, Minnesota 2 $ 259,000 $ 129,500 $ 129,000
St. Charles, Missouri 2 $ 144,000 $ 72,000 $ 93,000
Montgomery, Pennsylvania 2 $ 94,000 $ 47,000 $ 68,000
Cheatham, Tennessee 2 $ 162,000 $ 81,000 $ 40,000
Henry, Tennessee 2 $ 98,000 $ 49,000 $ 29,000
Rutherford, Tennessee 2 $ 315,000 $ 157,500 $ 79,000
Williamson, Tennessee 2 $ 358,000 $ 179,000 $ 110,000
Angelina, Texas 2 $ 120,000 $ 60,000 $ 50,000
Collin, Texas 2 $ 499,000 $ 249,500 $ 127,000
Dallas, Texas 2 $ 354,000 $ 177,000 $ 144,000
Fort Bend, Texas 2 $ 180,000 $ 90,000 $ 75,000
Harrison, Texas 2 $ 212,000 $ 106,000 $ 95,000
Kaufman, Texas 2 $ 281,000 $ 140,500 $ 83,000
Lubbock, Texas 2 $ 444,000 $ 222,000 $ 53,000
Parker, Texas 2 $ 189,000 $ 94,500 $ 72,000
Dodge, Wisconsin 2 $ 160,000 $ 80,000 $ 97,000
Green, Wisconsin 2 $ 145,000 $ 72,500 $ 56,000
Jefferson, Wisconsin 2 $ 453,000 $ 226,500 $ 141,000
Oneida, Wisconsin 2 $ 217,000 $ 108,500 $ 134,000
Pierce, Wisconsin 2 $ 1,613,000 $ 806,500 $ 183,000
Racine, Wisconsin 2 $ 262,000 $ 131,000 $ 63,000
St. Croix, Wisconsin 2 $ 338,000 $ 169,000 $ 84,000
Waukesha, Wisconsin 2 $ 315,000 $ 157,500 $ 122,000
Winnebago, Wisconsin 2 $ 137,000 $ 68,500 $ 55,000
Maricopa, Arizona 1 $ 15,000 $ 15,000 $ 53,000
Benton, Arkansas 1 $ 220,000 $ 220,000 $ 64,000
Little River, Arkansas 1 $ 142,000 $ 142,000 $ 138,000
Saline, Arkansas 1 $ 51,000 $ 51,000 $ 120,000
El Paso, Colorado 1 $ 102,000 $ 102,000 $ 133,000
Summit, Colorado 1 $ 384,000 $ 384,000 $ 279,000
Alachua, Florida 1 $ 400,000 $ 400,000 $ 173,000
Bay, Florida 1 $ 159,000 $ 159,000 $ 120,000
Collier, Florida 1 $ 62,000 $ 62,000 $ 72,000
Duval, Florida 1 $ 139,000 $ 139,000 $ 57,000
Lake, Florida 1 $ 162,000 $ 162,000 $ 102,000
Leon, Florida 1 $ 314,000 $ 314,000 $ 202,000
Pinellas, Florida 1 $ 98,000 $ 98,000 $ 46,000
Forsyth, Georgia 1 $ 62,000 $ 62,000 $ 91,000
Cook, Illinois 1 $ 357,000 $ 357,000 $ 342,000
Hancock, Illinois 1 $ 87,000 $ 87,000 $ 145,000
Kendall, Illinois 1 $ 231,000 $ 231,000 $ 167,000
Knox, Illinois 1 $ 102,000 $ 102,000 $ 103,000
Allen, Indiana 1 $ 110,000 $ 110,000 $ 65,000
Hancock, Indiana 1 $ 60,000 $ 60,000 $ 118,000
Wayne, Indiana 1 $ 38,000 $ 38,000 $ 35,000
Clayton, Iowa 1 $ 148,000 $ 148,000 $ 106,000
Dallas, Iowa 1 $ 35,000 $ 35,000 $ 96,000
Des Moines, Iowa 1 $ 16,000 $ 16,000 $ 62,000
Hamilton, Iowa 1 $ 129,000 $ 129,000 $ 265,000
Johnson, Kansas 1 $ 263,000 $ 263,000 $ 220,000
Boyle, Kentucky 1 $ 70,000 $ 70,000 $ 44,000
Breckinridge, Kentucky 1 $ 35,000 $ 35,000 $ 139,000
Christian, Kentucky 1 $ 100,000 $ 100,000 $ 63,000
Estill, Kentucky 1 $ 45,000 $ 45,000 $ 41,000
Fleming, Kentucky 1 $ 61,000 $ 61,000 $ 96,000
Mercer, Kentucky 1 $ 55,000 $ 55,000 $ 21,000
Montgomery, Kentucky 1 $ 41,000 $ 41,000 $ 41,000
Pulaski, Kentucky 1 $ 128,000 $ 128,000 $ 79,000
Simpson, Kentucky 1 $ 65,000 $ 65,000 $ 42,000
Spencer, Kentucky 1 $ 166,000 $ 166,000 $ 91,000
Trigg, Kentucky 1 $ 100,000 $ 100,000 $ 57,000
Rapides, Louisiana 1 $ 74,000 $ 74,000 $ 85,000
Webster, Louisiana 1 $ 14,000 $ 14,000 $ 61,000
Ogemaw, Michigan 1 $ 18,000 $ 18,000 $ 92,000
Benton, Minnesota 1 $ 272,000 $ 272,000 $ 69,000
Blue Earth, Minnesota 1 $ 91,000 $ 91,000 $ 28,000
Crow Wing, Minnesota 1 $ 1,005,000 $ 1,005,000 $ 743,000
Dakota, Minnesota 1 $ 8,000 $ 8,000 $ 58,000
Itasca, Minnesota 1 $ 632,000 $ 632,000 $ 297,000
Mower, Minnesota 1 $ 32,000 $ 32,000 $ 95,000
Sherburne, Minnesota 1 $ 173,000 $ 173,000 $ 46,000
St. Louis, Minnesota 1 $ 128,000 $ 128,000 $ 51,000
Cheshire, New Hampshire 1 $ 95,000 $ 95,000 $ 66,000
Burlington, New Jersey 1 $ 175,000 $ 175,000 $ 79,000
Gloucester, New Jersey 1 $ 44,000 $ 44,000 $ 107,000
Somerset, New Jersey 1 $ 63,000 $ 63,000 $ 11,000
Guilford, North Carolina 1 $ 172,000 $ 172,000 $ 140,000
Butler, Ohio 1 $ 20,000 $ 20,000 $ 151,000
Benton, Oregon 1 $ 30,000 $ 30,000 $ 34,000
Multnomah, Oregon 1 $ 180,000 $ 180,000 $ 72,000
Bucks, Pennsylvania 1 $ 75,000 $ 75,000 $ 68,000
Westmoreland, Pennsylvania 1 $ 58,000 $ 58,000 $ 221,000
Horry, South Carolina 1 $ 61,000 $ 61,000 $ 140,000
Richland, South Carolina 1 $ 26,000 $ 26,000 $ 174,000
Hardeman, Tennessee 1 $ 139,000 $ 139,000 $ 99,000
Humphreys, Tennessee 1 $ 32,000 $ 32,000 $ 31,000
Camp, Texas 1 $ 100,000 $ 100,000 $ 46,000
Ellis, Texas 1 $ 90,000 $ 90,000 $ 180,000
Galveston, Texas 1 $ 341,000 $ 341,000 $ 230,000
Jefferson, Texas 1 $ 135,000 $ 135,000 $ 60,000
Montgomery, Texas 1 $ 123,000 $ 123,000 $ 133,000
Nacogdoches, Texas 1 $ 92,000 $ 92,000 $ 58,000
Navarro, Texas 1 $ 81,000 $ 81,000 $ 82,000
Rockwall, Texas 1 $ 109,000 $ 109,000 $ 52,000
Travis, Texas 1 $ 240,000 $ 240,000 $ 87,000
Williamson, Texas 1 $ 170,000 $ 170,000 $ 140,000
Adams, Wisconsin 1 $ 24,000 $ 24,000 $ 36,000
Ashland, Wisconsin 1 $ 100,000 $ 100,000 $ 98,000
Calumet, Wisconsin 1 $ 127,000 $ 127,000 $ 80,000
Chippewa, Wisconsin 1 $ 133,000 $ 133,000 $ 50,000
Clark, Wisconsin 1 $ 85,000 $ 85,000 $ 75,000
Douglas, Wisconsin 1 $ 102,000 $ 102,000 $ 74,000
Grant, Wisconsin 1 $ 246,000 $ 246,000 $ 63,000
Lafayette, Wisconsin 1 $ 50,000 $ 50,000 $ 146,000
Pepin, Wisconsin 1 $ 126,000 $ 126,000 $ 165,000
Rock, Wisconsin 1 $ 274,000 $ 274,000 $ 98,000
Rusk, Wisconsin 1 $ 138,000 $ 138,000 $ 162,000
Washburn, Wisconsin 1 $ 74,000 $ 74,000 $ 62,000
Washington, Wisconsin 1 $ 153,000 $ 153,000 $ 68,000
Waupaca, Wisconsin 1 $ 220,000 $ 220,000 $ 129,000
Waushara, Wisconsin 1 $ 144,000 $ 144,000 $ 130,000

Mortgage Loan Application Detail Totals for Altra Federal Credit Union in 2011

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 2,518 $337,644,000 $134,000 $1,845,000 $84,000 $1,252,000
Home Purchase 656 $89,141,000 $135,000 $1,563,000 $78,000 $615,000
Home Improvement 141 $5,750,000 $40,000 $277,000 $82,000 $397,000

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 3,064 $400,360,000 $130,000 $1,845,000 $83,000 $1,252,000
Not Provided 100 $13,333,000 $133,000 $417,000 $85,000 $400,000
Asian 51 $7,578,000 $148,000 $509,000 $104,000 $492,000
Black or African American 51 $4,958,000 $97,000 $320,000 $79,000 $295,000
Hispanic 34 $3,608,000 $106,000 $267,000 $71,000 $241,000
American Indian or Alaskan Native 11 $1,790,000 $162,000 $280,000 $111,000 $210,000
Native Hawaiian or Other Pacific Islander 4 $908,000 $227,000 $300,000 $118,000 $171,000
Not applicable 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) 3,252 $423,645,000 $130,000 $1,845,000 $83,000 $1,252,000
FHA-insured (Federal Housing Administration) 48 $6,288,000 $131,000 $419,000 $70,000 $185,000
VA-guaranteed (Veterans Administration) 15 $2,602,000 $173,000 $415,000 $68,000 $125,000
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 2,390 $307,479,000 $128,000 $1,845,000 $87,000 $1,252,000
Application Withdrawn By Applicant 762 $106,831,000 $140,000 $1,005,000 $75,000 $743,000
Application Denied By Financial Institution 132 $16,232,000 $122,000 $416,000 $60,000 $174,000
File Closed For Incompleteness 30 $1,927,000 $64,000 $263,000 $75,000 $220,000
Application Approved But Not Accepted 1 $66,000 $66,000 $66,000 $35,000 $35,000
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
Debt-To-Income Ratio 55 $8,248,000 $149,000 $401,000 $47,000 $141,000
Credit History 28 $3,232,000 $115,000 $183,000 $74,000 $146,000
Collateral 13 $1,556,000 $119,000 $155,000 $66,000 $138,000
Other 4 $438,000 $109,000 $189,000 $59,000 $86,000
Unverifiable Information 2 $702,000 $351,000 $416,000 $131,000 $145,000
Employment History 2 $510,000 $255,000 $405,000 $58,000 $116,000
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Altra Federal Credit Union's 2011 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 Altra 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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