American 1 Federal Credit Unio Mortgage Lending & HMDA Data, 2010
In 2010, American 1 Federal Credit Unio of Jackson, MI reported 242 mortgage applications totaling $2.0 million, up 7% from 2009. The average application was for $8,342, and applicants reported an average income of $47,921. 56% of its applications resulted in an originated loan and 29% were denied. Its largest markets were Jackson, MI (152), Battle Creek, MI (25) and Lansing-East Lansing, MI (9) (applications in parentheses).
| Mortgage Company & Address | American 1 Federal Credit Unio 718 E. Michigan Ave. Jackson, MI 49201 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 | 242 |
| Total Mortgage Loan Application Amount | $2,019,000 |
| Average Mortgage Loan Application Amount | $8,342 |
| Highest Mortgage Loan Application Amount | $57,000 |
| Average Applicant Income | $47,921 |
| Highest Applicant Income | $167,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American 1 Federal Credit Unio filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Jackson, MI | 152 | $ 1,285,000 | $ 8,453 | $ 48,000 |
| Battle Creek, MI | 25 | $ 241,000 | $ 9,640 | $ 47,000 |
| Lansing-East Lansing, MI | 9 | $ 30,000 | $ 3,333 | $ 48,000 |
| Ann Arbor, MI | 4 | $ 32,000 | $ 8,000 | $ 55,000 |
| Detroit-Livonia-Dearborn, MI | 3 | $ 12,000 | $ 4,000 | $ 43,000 |
| Anniston-Oxford, AL | 1 | $ 5,000 | $ 5,000 | $ 56,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 20,000 | $ 20,000 | $ 68,000 |
| Kalamazoo-Portage, MI | 1 | $ 4,000 | $ 4,000 | $ 41,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 19,000 | $ 19,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for American 1 Federal Credit Unio in 2010
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 | 241 | $1,962,000 | $8,000 | $57,000 | $48,000 | $167,000 |
| Home Purchase | 1 | $57,000 | $57,000 | $57,000 | $29,000 | $29,000 |
| Refinancing | 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 | 218 | $1,857,000 | $8,000 | $57,000 | $49,000 | $167,000 |
| Black or African American | 15 | $108,000 | $7,000 | $32,000 | $34,000 | $84,000 |
| Hispanic | 7 | $37,000 | $5,000 | $13,000 | $31,000 | $46,000 |
| American Indian or Alaskan Native | 1 | $7,000 | $7,000 | $7,000 | $66,000 | $66,000 |
| Asian | 1 | $10,000 | $10,000 | $10,000 | $84,000 | $84,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 242 | $2,019,000 | $8,000 | $57,000 | $48,000 | $167,000 |
| 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 |
| VA-guaranteed (Veterans 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 | 135 | $925,000 | $6,000 | $37,000 | $54,000 | $167,000 |
| Application Denied By Financial Institution | 70 | $704,000 | $10,000 | $57,000 | $37,000 | $122,000 |
| Application Withdrawn By Applicant | 30 | $320,000 | $10,000 | $57,000 | $36,000 | $84,000 |
| Application Approved But Not Accepted | 7 | $70,000 | $10,000 | $25,000 | $75,000 | $102,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 51 | $465,000 | $9,000 | $40,000 | $37,000 | $122,000 |
| Credit History | 18 | $195,000 | $10,000 | $57,000 | $39,000 | $72,000 |
| Collateral | 1 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American 1 Federal Credit Unio's 2010 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 American 1 Federal Credit Unio'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.
For a list of all lenders in Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
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