America's First Federal CU Mortgage Lending & HMDA Data, 2016
In 2016, America's First Federal CU of Birmingham, AL reported 1,154 mortgage applications totaling $137.0 million, down 6% from 2015. The average application was for $118,694, and applicants reported an average income of $75,365. 37% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Birmingham-Hoover, AL (637), Anniston-Oxford-Jacksonville, AL (34) and Tuscaloosa, AL (27) (applications in parentheses).
| Mortgage Company & Address | America's First Federal CU 1200 4th Avenue North Birmingham, AL 35203 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 | 1,154 |
| Total Mortgage Loan Application Amount | $136,973,000 |
| Average Mortgage Loan Application Amount | $118,694 |
| Highest Mortgage Loan Application Amount | $560,000 |
| Average Applicant Income | $75,365 |
| Highest Applicant Income | $1,165,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records America's First Federal CU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Birmingham-Hoover, AL | 637 | $ 78,193,000 | $ 122,751 | $ 85,000 |
| Anniston-Oxford-Jacksonville, AL | 34 | $ 2,923,000 | $ 85,970 | $ 61,000 |
| Tuscaloosa, AL | 27 | $ 3,271,000 | $ 121,148 | $ 81,000 |
| Mobile, AL | 24 | $ 2,223,000 | $ 92,625 | $ 68,000 |
| Daphne-Fairhope-Foley, AL | 13 | $ 2,068,000 | $ 159,076 | $ 132,000 |
| Gadsden, AL | 2 | $ 231,000 | $ 115,500 | $ 83,000 |
| Auburn-Opelika, AL | 1 | $ 88,000 | $ 88,000 | $ 122,000 |
| Decatur, AL | 1 | $ 90,000 | $ 90,000 | $ 78,000 |
| Florence-Muscle Shoals, AL | 1 | $ 35,000 | $ 35,000 | $ 83,000 |
| Huntsville, AL | 1 | $ 56,000 | $ 56,000 | $ 76,000 |
| Montgomery, AL | 1 | $ 96,000 | $ 96,000 | $ 51,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 307,000 | $ 307,000 | $ 196,000 |
| New Orleans-Metairie, LA | 1 | $ 80,000 | $ 80,000 | $ 65,000 |
Mortgage Loan Application Detail Totals for America's First Federal CU in 2016
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 | 542 | $70,020,000 | $129,000 | $560,000 | $85,000 | $1,165,000 |
| Home Purchase | 402 | $47,630,000 | $118,000 | $450,000 | $61,000 | $571,000 |
| Home Improvement | 210 | $19,323,000 | $92,000 | $448,000 | $78,000 | $928,000 |
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 | 762 | $94,648,000 | $124,000 | $560,000 | $84,000 | $1,165,000 |
| Black or African American | 252 | $24,568,000 | $97,000 | $451,000 | $55,000 | $230,000 |
| Not Provided | 114 | $14,124,000 | $123,000 | $350,000 | $65,000 | $208,000 |
| Asian | 13 | $2,432,000 | $187,000 | $417,000 | $82,000 | $200,000 |
| Hispanic | 6 | $538,000 | $89,000 | $130,000 | $38,000 | $56,000 |
| American Indian or Alaskan Native | 5 | $530,000 | $106,000 | $175,000 | $64,000 | $110,000 |
| Native Hawaiin or Other Pacific Islander | 2 | $133,000 | $66,000 | $123,000 | $22,000 | $35,000 |
| 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) | 1,123 | $133,346,000 | $118,000 | $560,000 | $75,000 | $1,165,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,540,000 | $118,000 | $360,000 | $129,000 | $928,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 11 | $1,288,000 | $117,000 | $150,000 | $34,000 | $51,000 |
| VA-guaranteed (Veterans Administration) | 7 | $799,000 | $114,000 | $180,000 | $46,000 | $84,000 |
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 | 427 | $51,779,000 | $121,000 | $560,000 | $86,000 | $571,000 |
| Preapproval Denied by Financial Institution | 314 | $35,437,000 | $112,000 | $450,000 | $52,000 | $230,000 |
| Application Denied By Financial Institution | 201 | $22,536,000 | $112,000 | $451,000 | $69,000 | $1,165,000 |
| Application Approved But Not Accepted | 122 | $16,694,000 | $136,000 | $417,000 | $89,000 | $692,000 |
| Application Withdrawn By Applicant | 49 | $5,268,000 | $107,000 | $550,000 | $96,000 | $928,000 |
| File Closed For Incompleteness | 41 | $5,259,000 | $128,000 | $378,000 | $105,000 | $369,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 178 | $19,485,000 | $109,000 | $451,000 | $67,000 | $300,000 |
| Debt-To-Income Ratio | 78 | $10,176,000 | $130,000 | $417,000 | $44,000 | $250,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $1,599,000 | $133,000 | $360,000 | $51,000 | $98,000 |
| Collateral | 10 | $1,121,000 | $112,000 | $212,000 | $53,000 | $88,000 |
| Other | 6 | $515,000 | $85,000 | $144,000 | $85,000 | $155,000 |
| Employment History | 4 | $632,000 | $158,000 | $305,000 | $80,000 | $126,000 |
| Unverifiable Information | 3 | $340,000 | $113,000 | $160,000 | $91,000 | $128,000 |
| Mortgage Insurance Denied | 2 | $196,000 | $98,000 | $159,000 | $48,000 | $63,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into America's First Federal CU's 2016 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 America's First Federal CU'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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with aggregated HMDA statistics today.
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