Aurora Credit Union Mortgage Lending & HMDA Data, 2017
In 2017, Aurora Credit Union of Milwaukee, WI reported 109 mortgage applications totaling $20.5 million, up 33% from 2016. The average application was for $187,954, and applicants reported an average income of $124,366. 72% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (72), Lake County-Kenosha County, IL-WI (3) and Racine, WI (3) (applications in parentheses).
| Mortgage Company & Address | Aurora Credit Union 3355 W Forest Home Avenue Milwaukee, WI 53215 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 109 |
| Total Mortgage Loan Application Amount | $20,487,000 |
| Average Mortgage Loan Application Amount | $187,954 |
| Highest Mortgage Loan Application Amount | $1,089,000 |
| Average Applicant Income | $124,366 |
| Highest Applicant Income | $600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Aurora Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 72 | $ 13,142,000 | $ 182,527 | $ 124,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 307,000 | $ 102,333 | $ 199,000 |
| Racine, WI | 3 | $ 290,000 | $ 96,666 | $ 93,000 |
| Green Bay, WI | 2 | $ 376,000 | $ 188,000 | $ 61,000 |
| Sheboygan, WI | 2 | $ 268,000 | $ 134,000 | $ 142,000 |
| Appleton, WI | 1 | $ 74,000 | $ 74,000 | $ 169,000 |
Mortgage Loan Application Detail Totals for Aurora Credit Union in 2017
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 Purchase | 63 | $13,161,000 | $208,000 | $800,000 | $130,000 | $600,000 |
| Refinancing | 40 | $6,942,000 | $173,000 | $1,089,000 | $113,000 | $595,000 |
| Home Improvement | 6 | $384,000 | $64,000 | $300,000 | $141,000 | $425,000 |
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 | 83 | $14,534,000 | $175,000 | $800,000 | $113,000 | $600,000 |
| Asian | 10 | $3,476,000 | $347,000 | $1,089,000 | $228,000 | $595,000 |
| Not Provided | 6 | $1,158,000 | $193,000 | $488,000 | $126,000 | $244,000 |
| Black or African American | 4 | $399,000 | $99,000 | $175,000 | $133,000 | $322,000 |
| Hispanic | 3 | $455,000 | $151,000 | $175,000 | $51,000 | $80,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $302,000 | $151,000 | $230,000 | $232,000 | $354,000 |
| American Indian or Alaskan Native | 1 | $163,000 | $163,000 | $163,000 | $39,000 | $39,000 |
| 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) | 109 | $20,487,000 | $187,000 | $1,089,000 | $125,000 | $600,000 |
| 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 | 78 | $13,818,000 | $177,000 | $1,089,000 | $129,000 | $595,000 |
| Preapproval Approved but not Accepted | 19 | $5,132,000 | $270,000 | $800,000 | $133,000 | $600,000 |
| Application Withdrawn By Applicant | 9 | $1,229,000 | $136,000 | $195,000 | $99,000 | $244,000 |
| Preapproval Denied by Financial Institution | 2 | $190,000 | $95,000 | $130,000 | $36,000 | $37,000 |
| Application Denied By Financial Institution | 1 | $118,000 | $118,000 | $118,000 | $40,000 | $40,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 1 | $118,000 | $118,000 | $118,000 | $40,000 | $40,000 |
| Debt-To-Income Ratio | 1 | $130,000 | $130,000 | $130,000 | $37,000 | $37,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Aurora Credit Union's 2017 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 Aurora 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.
For a list of all lenders in Wisconsin, download the full spreadsheet
with aggregated HMDA statistics today.
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