Bank Fund Staff Federal Credit Mortgage Lending & HMDA Data, 2005
In 2005, Bank Fund Staff Federal Credit of Washington, DC reported 2,563 mortgage applications totaling $828.0 million, down 3% from 2004. The average application was for $323,062, and applicants reported an average income of $120,202. 55% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Bethesda-Frederick-Gaithersburg, MD (586), Washington-Arlington-Alexandria, DC-VA-MD-WV (322) and Baltimore-Towson, MD (44) (applications in parentheses).
| Mortgage Company & Address | Bank Fund Staff Federal Credit 1725 I Street Nw Suite 150 Washington, DC 20006 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 | 2,563 |
| Total Mortgage Loan Application Amount | $828,009,000 |
| Average Mortgage Loan Application Amount | $323,062 |
| Highest Mortgage Loan Application Amount | $1,680,000 |
| Average Applicant Income | $120,202 |
| Highest Applicant Income | $1,331,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank Fund Staff Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Montgomery, Maryland | 579 | $ 170,265,000 | $ 294,067 | $ 128,000 |
| Fairfax, Virginia | 416 | $ 120,457,000 | $ 289,560 | $ 131,000 |
| District of Columbia, District Of Columbia | 322 | $ 109,205,000 | $ 339,145 | $ 130,000 |
| Prince George's, Maryland | 96 | $ 17,067,000 | $ 177,781 | $ 81,000 |
| Arlington, Virginia | 92 | $ 25,569,000 | $ 277,923 | $ 128,000 |
| Alexandria, Virginia | 65 | $ 12,538,000 | $ 192,892 | $ 106,000 |
| Prince William, Virginia | 55 | $ 11,084,000 | $ 201,527 | $ 97,000 |
| Loudoun, Virginia | 53 | $ 16,190,000 | $ 305,471 | $ 127,000 |
| Howard, Maryland | 19 | $ 3,738,000 | $ 196,736 | $ 103,000 |
| Baltimore City, Maryland | 11 | $ 2,149,000 | $ 195,363 | $ 127,000 |
| Anne Arundel, Maryland | 10 | $ 3,066,000 | $ 306,600 | $ 105,000 |
| Fairfax City, Virginia | 9 | $ 2,552,000 | $ 283,555 | $ 198,000 |
| Stafford, Virginia | 9 | $ 2,169,000 | $ 241,000 | $ 76,000 |
| Frederick, Maryland | 7 | $ 652,000 | $ 93,142 | $ 104,000 |
| Charles, Maryland | 5 | $ 882,000 | $ 176,400 | $ 63,000 |
| Falls Church, Virginia | 5 | $ 1,065,000 | $ 213,000 | $ 73,000 |
| Jefferson, West Virginia | 5 | $ 466,000 | $ 93,200 | $ 62,000 |
| Morgan, West Virginia | 5 | $ 374,000 | $ 74,800 | $ 120,000 |
| Broward, Florida | 4 | $ 1,037,000 | $ 259,250 | $ 159,000 |
| Charlottesville, Virginia | 4 | $ 813,000 | $ 203,250 | $ 81,000 |
| Baltimore, Maryland | 3 | $ 820,000 | $ 273,333 | $ 127,000 |
| Louisa, Virginia | 3 | $ 667,000 | $ 222,333 | $ 135,000 |
| Sussex, Delaware | 2 | $ 415,000 | $ 207,500 | $ 300,000 |
| Palm Beach, Florida | 2 | $ 948,000 | $ 474,000 | $ 196,000 |
| Garrett, Maryland | 2 | $ 555,000 | $ 277,500 | $ 283,000 |
| Talbot, Maryland | 2 | $ 600,000 | $ 300,000 | $ 178,000 |
| Washington, Maryland | 2 | $ 534,000 | $ 267,000 | $ 124,000 |
| Fauquier, Virginia | 2 | $ 394,000 | $ 197,000 | $ 133,000 |
| Frederick, Virginia | 2 | $ 300,000 | $ 150,000 | $ 83,000 |
| Fredericksburg, Virginia | 2 | $ 300,000 | $ 150,000 | $ 28,000 |
| James City, Virginia | 2 | $ 326,000 | $ 163,000 | $ 96,000 |
| Manassas Park, Virginia | 2 | $ 400,000 | $ 200,000 | $ 97,000 |
| Orange, Virginia | 2 | $ 511,000 | $ 255,500 | $ 113,000 |
| Tucker, West Virginia | 2 | $ 325,000 | $ 162,500 | $ 203,000 |
| Los Angeles, California | 1 | $ 221,000 | $ 221,000 | $ 90,000 |
| San Diego, California | 1 | $ 300,000 | $ 300,000 | $ 143,000 |
| Santa Clara, California | 1 | $ 650,000 | $ 650,000 | $ 115,000 |
| San Juan, Colorado | 1 | $ 360,000 | $ 360,000 | $ 325,000 |
| Kent, Delaware | 1 | $ 292,000 | $ 292,000 | $ 186,000 |
| New Castle, Delaware | 1 | $ 63,000 | $ 63,000 | $ 131,000 |
| Flagler, Florida | 1 | $ 412,000 | $ 412,000 | $ 125,000 |
| Lake, Florida | 1 | $ 63,000 | $ 63,000 | $ 92,000 |
| Miami-Dade, Florida | 1 | $ 232,000 | $ 232,000 | $ 76,000 |
| Pasco, Florida | 1 | $ 75,000 | $ 75,000 | $ 126,000 |
| Sarasota, Florida | 1 | $ 125,000 | $ 125,000 | $ 194,000 |
| Cobb, Georgia | 1 | $ 124,000 | $ 124,000 | $ 79,000 |
| Gwinnett, Georgia | 1 | $ 255,000 | $ 255,000 | $ 126,000 |
| Cook, Illinois | 1 | $ 202,000 | $ 202,000 | $ 41,000 |
| Monroe, Indiana | 1 | $ 75,000 | $ 75,000 | $ 178,000 |
| Calvert, Maryland | 1 | $ 50,000 | $ 50,000 | $ 177,000 |
| Carroll, Maryland | 1 | $ 30,000 | $ 30,000 | $ 63,000 |
| Carroll, New Hampshire | 1 | $ 250,000 | $ 250,000 | $ 90,000 |
| Essex, New Jersey | 1 | $ 217,000 | $ 217,000 | $ 75,000 |
| Schenectady, New York | 1 | $ 239,000 | $ 239,000 | $ 85,000 |
| Wake, North Carolina | 1 | $ 198,000 | $ 198,000 | $ 255,000 |
| Adams, Pennsylvania | 1 | $ 216,000 | $ 216,000 | $ 117,000 |
| Bedford, Pennsylvania | 1 | $ 130,000 | $ 130,000 | $ 79,000 |
| Providence, Rhode Island | 1 | $ 210,000 | $ 210,000 | $ 70,000 |
| Collin, Texas | 1 | $ 334,000 | $ 334,000 | $ 112,000 |
| Travis, Texas | 1 | $ 118,000 | $ 118,000 | $ 170,000 |
| Chesapeake, Virginia | 1 | $ 439,000 | $ 439,000 | $ 102,000 |
| Chesterfield, Virginia | 1 | $ 46,000 | $ 46,000 | $ 84,000 |
| Henrico, Virginia | 1 | $ 240,000 | $ 240,000 | $ 114,000 |
| Manassas, Virginia | 1 | $ 30,000 | $ 30,000 | $ 93,000 |
| Nelson, Virginia | 1 | $ 416,000 | $ 416,000 | $ 186,000 |
| Norfolk, Virginia | 1 | $ 150,000 | $ 150,000 | $ 170,000 |
| Rappahannock, Virginia | 1 | $ 175,000 | $ 175,000 | $ 210,000 |
| King, Washington | 1 | $ 360,000 | $ 360,000 | $ 232,000 |
| Berkeley, West Virginia | 1 | $ 100,000 | $ 100,000 | $ 99,000 |
Mortgage Loan Application Detail Totals for Bank Fund Staff Federal Credit in 2005
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 | 1,374 | $545,353,000 | $255,062 | $1,680,000 | $142,875 | $1,331,000 |
| Refinancing | 728 | $234,252,000 | $253,333 | $1,500,000 | $120,833 | $1,176,000 |
| Home Improvement | 461 | $48,404,000 | $70,000 | $763,000 | $84,333 | $486,000 |
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 | 1,206 | $414,506,000 | $256,214 | $1,600,000 | $151,428 | $1,133,000 |
| Asian | 511 | $172,967,000 | $360,857 | $1,680,000 | $115,285 | $1,331,000 |
| Black or African American | 422 | $113,662,000 | $248,285 | $1,600,000 | $117,000 | $486,000 |
| Hispanic | 302 | $82,768,000 | $200,625 | $1,300,000 | $107,125 | $384,000 |
| Not Provided | 111 | $40,835,000 | $285,700 | $1,600,000 | $144,800 | $583,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $3,151,000 | $292,500 | $683,000 | $81,500 | $203,000 |
| American Indian or Alaskan Native | 1 | $120,000 | $120,000 | $120,000 | $167,000 | $167,000 |
| 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) | 2,563 | $828,009,000 | $247,400 | $1,680,000 | $138,850 | $1,331,000 |
| 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 | 1,398 | $385,961,000 | $233,666 | $1,680,000 | $155,833 | $1,176,000 |
| Preapproval Approved but not Accepted | 576 | $251,016,000 | $435,000 | $1,600,000 | $127,000 | $1,331,000 |
| Application Withdrawn By Applicant | 278 | $76,946,000 | $246,200 | $930,000 | $96,400 | $486,000 |
| Application Denied By Financial Institution | 74 | $20,823,000 | $251,200 | $800,000 | $96,000 | $240,000 |
| Application Approved But Not Accepted | 72 | $30,559,000 | $430,750 | $900,000 | $113,000 | $423,000 |
| Loan Purchased By The Institution | 67 | $21,353,000 | $264,529 | $942,000 | $143,823 | $583,000 |
| Preapproval Denied by Financial Institution | 64 | $24,934,000 | $389,000 | $850,000 | $89,000 | $343,000 |
| File Closed For Incompleteness | 34 | $16,417,000 | $495,000 | $1,040,000 | $147,000 | $480,000 |
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 | 74 | $25,715,000 | $323,500 | $850,000 | $81,750 | $209,000 |
| Credit History | 30 | $8,041,000 | $211,750 | $692,000 | $109,500 | $343,000 |
| Other | 15 | $4,698,000 | $259,800 | $707,000 | $108,200 | $240,000 |
| Employment History | 6 | $2,645,000 | $440,666 | $573,000 | $90,666 | $136,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,860,000 | $465,000 | $600,000 | $132,000 | $201,000 |
| Unverifiable Information | 4 | $1,325,000 | $315,500 | $400,000 | $46,000 | $92,000 |
| Collateral | 3 | $731,000 | $243,666 | $288,000 | $106,000 | $141,000 |
| Credit Application Incomplete | 1 | $357,000 | $357,000 | $357,000 | $101,000 | $101,000 |
| Mortgage Insurance Denied | 1 | $385,000 | $385,000 | $385,000 | $10,000 | $10,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank Fund Staff Federal Credit's 2005 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 Bank Fund Staff Federal Credit'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 District of Columbia, download the full spreadsheet
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