Altana Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2021

Altana Federal Credit Union 2021 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.

Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher, this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.

Mortgage Company & Address Altana Federal Credit Union
3212 Central Avenue
Billings, MT 59102
Tel #: available with data download
Federal Regulator * available with data download
Years 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 398
Total Mortgage Loan Application Amount $79,060,000
Average Mortgage Loan Application Amount $159,400
Highest Mortgage Loan Application Amount $815,000
Average Applicant Income $101,200
Highest Applicant Income $911,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2021 with Altana Federal Credit Union. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Altana Federal Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.

Our HMDA dataset for 2021 breaks down Altana Federal Credit Union's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Altana Federal Credit Union serves its applicants.

Each category highlights the total number of mortgage applications processed by Altana Federal Credit Union, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Altana Federal Credit Union's mortgage activity for 2021.

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Mortgage Loan Application Detail Totals for Altana Federal Credit Union in 2021

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 154 $34,760,000 $225,000 $815,000 $91,000 $911,000
Refinancing 101 $20,825,000 $206,000 $785,000 $107,000 $455,000
Cash-out Refinancing 96 $18,160,000 $189,000 $505,000 $89,000 $441,000
Other Purpose 34 $4,860,000 $142,000 $755,000 $128,000 $559,000
Home Improvement 13 $455,000 $35,000 $75,000 $91,000 $168,000
Not Applicable 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 370 $74,670,000 $201,000 $815,000 $99,000 $911,000
Not Provided 10 $1,540,000 $154,000 $295,000 $75,000 $148,000
Not applicable 8 $1,250,000 $156,000 $485,000 $0 $0
Hispanic 8 $1,270,000 $158,000 $445,000 $81,000 $168,000
Asian 1 $195,000 $195,000 $195,000 $58,000 $58,000
Black or African American 1 $135,000 $135,000 $135,000 $93,000 $93,000
Native Hawaiian or Other Pacific Islander 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) 383 $76,055,000 $198,000 $815,000 $99,000 $911,000
FHA-insured (Federal Housing Administration) 7 $1,565,000 $223,000 $335,000 $56,000 $98,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 7 $1,205,000 $172,000 $315,000 $54,000 $105,000
VA-guaranteed (Veterans Administration) 1 $235,000 $235,000 $235,000 $53,000 $53,000

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 265 $54,665,000 $206,000 $815,000 $111,000 $911,000
Application Denied By Financial Institution 53 $9,285,000 $175,000 $505,000 $66,000 $174,000
Application Withdrawn By Applicant 40 $6,480,000 $162,000 $325,000 $76,000 $171,000
File Closed For Incompleteness 25 $5,635,000 $225,000 $645,000 $89,000 $350,000
Preapproval Denied by Financial Institution 13 $2,265,000 $174,000 $295,000 $53,000 $105,000
Preapproval Approved but not Accepted 2 $730,000 $365,000 $445,000 $81,000 $92,000
Application Approved But Not Accepted 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
Not applicable 332 $67,510,000 $203,000 $815,000 $104,000 $911,000
Credit History 32 $5,350,000 $167,000 $305,000 $67,000 $153,000
Debt-To-Income Ratio 17 $3,245,000 $190,000 $475,000 $42,000 $62,000
Insufficient Cash (Downpayment, Closing Cost) 10 $1,620,000 $162,000 $285,000 $51,000 $98,000
Other 3 $195,000 $65,000 $125,000 $127,000 $174,000
Employment History 2 $540,000 $270,000 $505,000 $109,000 $118,000
Collateral 1 $345,000 $345,000 $345,000 $105,000 $105,000
Unverifiable Information 1 $255,000 $255,000 $255,000 $100,000 $100,000
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 Altana Federal Credit Union's 2021 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 Altana 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.
For a list of all lenders in Montana, download the full spreadsheet with aggregated HMDA statistics today.

Download the Montana Lender List