Appletree Credit Union Mortgage Lending & HMDA Data, 2024

In 2024, Appletree Credit Union of West Allis, WI reported 40 mortgage applications totaling $4.5 million, up 67% from 2023. The average application was for $111,750, and applicants reported an average income of $117,275. 82% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (36) and Racine, WI (2).

Mortgage Company & Address Appletree Credit Union
11333 W. Greenfield Ave.
West Allis, WI 53214
Tel #: available with data download
Federal Regulator * available with data download
Years 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 40
Total Mortgage Loan Application Amount $4,470,000
Average Mortgage Loan Application Amount $111,750
Highest Mortgage Loan Application Amount $485,000
Average Applicant Income $117,275
Highest Applicant Income $552,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Appletree Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Appletree Credit Union by Metropolitan Area in 2024

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Milwaukee-Waukesha-West Allis, WI 36 $ 4,030,000 $ 111,944 $ 120,000
Outside any metro area 2 $ 90,000 $ 45,000 $ 52,000
Racine, WI 2 $ 350,000 $ 175,000 $ 133,000

Mortgage Loan Application Detail Totals for Appletree Credit Union in 2024

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 16 $750,000 $46,000 $125,000 $117,000 $386,000
Cash-out Refinancing 15 $2,625,000 $175,000 $485,000 $131,000 $552,000
Refinancing 7 $715,000 $102,000 $305,000 $92,000 $181,000
Home Purchase 2 $380,000 $190,000 $255,000 $105,000 $156,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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 36 $3,790,000 $105,000 $485,000 $119,000 $552,000
Not Provided 2 $400,000 $200,000 $305,000 $92,000 $162,000
Asian 1 $255,000 $255,000 $255,000 $156,000 $156,000
Hispanic 1 $25,000 $25,000 $25,000 $69,000 $69,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 40 $4,470,000 $111,000 $485,000 $117,000 $552,000
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 33 $3,105,000 $94,000 $355,000 $104,000 $386,000
Application Denied By Financial Institution 4 $630,000 $157,000 $485,000 $178,000 $552,000
Application Withdrawn By Applicant 3 $735,000 $245,000 $395,000 $190,000 $231,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 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
Not applicable 36 $3,840,000 $106,000 $395,000 $111,000 $386,000
Debt-To-Income Ratio 2 $120,000 $60,000 $95,000 $29,000 $35,000
Other 1 $485,000 $485,000 $485,000 $552,000 $552,000
Credit History 1 $25,000 $25,000 $25,000 $103,000 $103,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Appletree Credit Union's 2024 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 Appletree 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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