Bank Fund Staff Federal Credit Mortgage Lending & HMDA Data, 2009

In 2009, Bank Fund Staff Federal Credit of Washington, DC reported 3,672 mortgage applications totaling $1.5 billion, up 124% from 2008. The average application was for $402,157, and applicants reported an average income of $184,350. 56% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (1,742), Bethesda-Frederick-Rockville, MD (831) 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
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Total Number of Mortgage Applications 3,672
Total Mortgage Loan Application Amount $1,476,721,000
Average Mortgage Loan Application Amount $402,157
Highest Mortgage Loan Application Amount $2,720,000
Average Applicant Income $184,350
Highest Applicant Income $6,527,000

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records Bank Fund Staff Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Bank Fund Staff Federal Credit by County in 2009

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Montgomery, Maryland 823 $ 340,022,000 $ 413,149 $ 196,000
District of Columbia, District Of Columbia 668 $ 294,114,000 $ 440,290 $ 204,000
Fairfax, Virginia 646 $ 239,737,000 $ 371,109 $ 170,000
Arlington, Virginia 158 $ 57,090,000 $ 361,329 $ 185,000
Alexandria, Virginia 63 $ 20,684,000 $ 328,317 $ 139,000
Prince George's, Maryland 61 $ 13,901,000 $ 227,885 $ 98,000
Loudoun, Virginia 57 $ 22,255,000 $ 390,438 $ 166,000
Prince William, Virginia 36 $ 9,702,000 $ 269,500 $ 98,000
Anne Arundel, Maryland 18 $ 8,182,000 $ 454,555 $ 193,000
Falls Church, Virginia 18 $ 6,997,000 $ 388,722 $ 218,000
Sussex, Delaware 12 $ 4,029,000 $ 335,750 $ 292,000
Howard, Maryland 10 $ 2,448,000 $ 244,800 $ 146,000
Fairfax City, Virginia 10 $ 3,053,000 $ 305,300 $ 128,000
Miami-Dade, Florida 9 $ 2,866,000 $ 318,444 $ 303,000
Calvert, Maryland 8 $ 2,183,000 $ 272,875 $ 191,000
Frederick, Maryland 8 $ 2,281,000 $ 285,125 $ 160,000
Los Angeles, California 6 $ 3,361,000 $ 560,166 $ 752,000
Stafford, Virginia 6 $ 1,392,000 $ 232,000 $ 82,000
Santa Clara, California 5 $ 3,030,000 $ 606,000 $ 241,000
Fulton, Georgia 5 $ 1,454,000 $ 290,800 $ 180,000
Cook, Illinois 5 $ 1,545,000 $ 309,000 $ 137,000
Baltimore, Maryland 5 $ 1,451,000 $ 290,200 $ 151,000
Baltimore City, Maryland 5 $ 872,000 $ 174,400 $ 124,000
Harris, Texas 5 $ 1,939,000 $ 387,800 $ 179,000
Boulder, Colorado 4 $ 1,282,000 $ 320,500 $ 186,000
Broward, Florida 4 $ 2,057,000 $ 514,250 $ 281,000
Worcester, Maryland 4 $ 1,186,000 $ 296,500 $ 269,000
Kings, New York 4 $ 2,392,000 $ 598,000 $ 161,000
Charlottesville, Virginia 4 $ 989,000 $ 247,250 $ 178,000
Fauquier, Virginia 4 $ 1,312,000 $ 328,000 $ 125,000
Henrico, Virginia 4 $ 1,646,000 $ 411,500 $ 269,000
King, Washington 4 $ 1,624,000 $ 406,000 $ 191,000
Pima, Arizona 3 $ 572,000 $ 190,666 $ 149,000
San Francisco, California 3 $ 3,845,000 $ 1,281,666 $ 304,000
Fairfield, Connecticut 3 $ 1,844,000 $ 614,666 $ 194,000
New Castle, Delaware 3 $ 773,000 $ 257,666 $ 121,000
Osceola, Florida 3 $ 184,000 $ 61,333 $ 196,000
Sarasota, Florida 3 $ 933,000 $ 311,000 $ 254,000
Harford, Maryland 3 $ 462,000 $ 154,000 $ 99,000
Talbot, Maryland 3 $ 1,116,000 $ 372,000 $ 141,000
Essex, New Jersey 3 $ 1,079,000 $ 359,666 $ 146,000
Hudson, New Jersey 3 $ 1,308,000 $ 436,000 $ 148,000
Mercer, New Jersey 3 $ 2,380,000 $ 793,333 $ 337,000
New York, New York 3 $ 3,878,000 $ 1,292,666 $ 555,000
Mecklenburg, North Carolina 3 $ 846,000 $ 282,000 $ 143,000
Alameda, California 2 $ 667,000 $ 333,500 $ 137,000
Riverside, California 2 $ 395,000 $ 197,500 $ 239,000
San Diego, California 2 $ 834,000 $ 417,000 $ 149,000
San Mateo, California 2 $ 1,616,000 $ 808,000 $ 248,000
Denver, Colorado 2 $ 465,000 $ 232,500 $ 65,000
Summit, Colorado 2 $ 1,462,000 $ 731,000 $ 298,000
Hillsborough, Florida 2 $ 428,000 $ 214,000 $ 157,000
Manatee, Florida 2 $ 258,000 $ 129,000 $ 256,000
Palm Beach, Florida 2 $ 351,000 $ 175,500 $ 88,000
Pinellas, Florida 2 $ 1,362,000 $ 681,000 $ 336,000
Gwinnett, Georgia 2 $ 540,000 $ 270,000 $ 178,000
Honolulu, Hawaii 2 $ 1,247,000 $ 623,500 $ 320,000
Marion, Indiana 2 $ 335,000 $ 167,500 $ 54,000
Pulaski, Kentucky 2 $ 1,600,000 $ 800,000 $ 207,000
Kennebec, Maine 2 $ 710,000 $ 355,000 $ 424,000
Lincoln, Maine 2 $ 1,221,000 $ 610,500 $ 126,000
Carroll, Maryland 2 $ 472,000 $ 236,000 $ 117,000
Barnstable, Massachusetts 2 $ 467,000 $ 233,500 $ 117,000
Middlesex, Massachusetts 2 $ 1,339,000 $ 669,500 $ 210,000
Norfolk, Massachusetts 2 $ 1,718,000 $ 859,000 $ 340,000
Plymouth, Massachusetts 2 $ 652,000 $ 326,000 $ 203,000
Suffolk, Massachusetts 2 $ 737,000 $ 368,500 $ 146,000
Bergen, New Jersey 2 $ 692,000 $ 346,000 $ 177,000
Monmouth, New Jersey 2 $ 308,000 $ 154,000 $ 133,000
Santa Fe, New Mexico 2 $ 816,000 $ 408,000 $ 199,000
Dare, North Carolina 2 $ 689,000 $ 344,500 $ 177,000
Moore, North Carolina 2 $ 600,000 $ 300,000 $ 216,000
Wake, North Carolina 2 $ 449,000 $ 224,500 $ 100,000
Allegheny, Pennsylvania 2 $ 378,000 $ 189,000 $ 86,000
Philadelphia, Pennsylvania 2 $ 755,000 $ 377,500 $ 148,000
Georgetown, South Carolina 2 $ 373,000 $ 186,500 $ 84,000
King George, Virginia 2 $ 477,000 $ 238,500 $ 129,000
Rockbridge, Virginia 2 $ 660,000 $ 330,000 $ 511,000
Berkeley, West Virginia 2 $ 537,000 $ 268,500 $ 229,000
Jefferson, West Virginia 2 $ 363,000 $ 181,500 $ 58,000
Maricopa, Arizona 1 $ 224,000 $ 224,000 $ 86,000
Santa Cruz, Arizona 1 $ 240,000 $ 240,000 $ 268,000
Butte, California 1 $ 290,000 $ 290,000 $ 180,000
Contra Costa, California 1 $ 300,000 $ 300,000 $ 240,000
El Dorado, California 1 $ 408,000 $ 408,000 $ 188,000
Marin, California 1 $ 200,000 $ 200,000 $ 79,000
San Bernardino, California 1 $ 417,000 $ 417,000 $ 300,000
Fremont, Colorado 1 $ 236,000 $ 236,000 $ 107,000
Hartford, Connecticut 1 $ 383,000 $ 383,000 $ 165,000
Kent, Delaware 1 $ 282,000 $ 282,000 $ 111,000
Collier, Florida 1 $ 130,000 $ 130,000 $ 188,000
Lake, Florida 1 $ 52,000 $ 52,000 $ 198,000
Lee, Florida 1 $ 110,000 $ 110,000 $ 120,000
Marion, Florida 1 $ 246,000 $ 246,000 $ 269,000
Monroe, Florida 1 $ 620,000 $ 620,000 $ 337,000
Orange, Florida 1 $ 488,000 $ 488,000 $ 197,000
Pasco, Florida 1 $ 89,000 $ 89,000 $ 110,000
Polk, Florida 1 $ 120,000 $ 120,000 $ 212,000
St. Lucie, Florida 1 $ 166,000 $ 166,000 $ 244,000
Chatham, Georgia 1 $ 405,000 $ 405,000 $ 261,000
Cherokee, Georgia 1 $ 80,000 $ 80,000 $ 96,000
Clarke, Georgia 1 $ 104,000 $ 104,000 $ 369,000
Cobb, Georgia 1 $ 330,000 $ 330,000 $ 136,000
DeKalb, Georgia 1 $ 404,000 $ 404,000 $ 213,000
Hawaii, Hawaii 1 $ 337,000 $ 337,000 $ 75,000
Blaine, Idaho 1 $ 125,000 $ 125,000 $ 224,000
Will, Illinois 1 $ 410,000 $ 410,000 $ 180,000
St. Joseph, Indiana 1 $ 75,000 $ 75,000 $ 64,000
Crawford, Kansas 1 $ 233,000 $ 233,000 $ 134,000
Aroostook, Maine 1 $ 185,000 $ 185,000 $ 188,000
Cumberland, Maine 1 $ 182,000 $ 182,000 $ 120,000
Charles, Maryland 1 $ 261,000 $ 261,000 $ 72,000
Dorchester, Maryland 1 $ 417,000 $ 417,000 $ 204,000
Garrett, Maryland 1 $ 240,000 $ 240,000 $ 193,000
Queen Anne's, Maryland 1 $ 390,000 $ 390,000 $ 65,000
Berkshire, Massachusetts 1 $ 385,000 $ 385,000 $ 296,000
Essex, Massachusetts 1 $ 317,000 $ 317,000 $ 189,000
Berrien, Michigan 1 $ 200,000 $ 200,000 $ 261,000
Oakland, Michigan 1 $ 224,000 $ 224,000 $ 138,000
Wayne, Michigan 1 $ 150,000 $ 150,000 $ 90,000
Carroll, New Hampshire 1 $ 145,000 $ 145,000 $ 67,000
Grafton, New Hampshire 1 $ 670,000 $ 670,000 $ 293,000
Atlantic, New Jersey 1 $ 155,000 $ 155,000 $ 60,000
Middlesex, New Jersey 1 $ 240,000 $ 240,000 $ 286,000
Morris, New Jersey 1 $ 204,000 $ 204,000 $ 70,000
Somerset, New Jersey 1 $ 591,000 $ 591,000 $ 210,000
Union, New Jersey 1 $ 185,000 $ 185,000 $ 164,000
Bernalillo, New Mexico 1 $ 175,000 $ 175,000 $ 97,000
Taos, New Mexico 1 $ 352,000 $ 352,000 $ 83,000
Dutchess, New York 1 $ 352,000 $ 352,000 $ 76,000
Onondaga, New York 1 $ 159,000 $ 159,000 $ 151,000
Suffolk, New York 1 $ 328,000 $ 328,000 $ 600,000
Brunswick, North Carolina 1 $ 350,000 $ 350,000 $ 91,000
Buncombe, North Carolina 1 $ 188,000 $ 188,000 $ 126,000
New Hanover, North Carolina 1 $ 295,000 $ 295,000 $ 129,000
Union, North Carolina 1 $ 280,000 $ 280,000 $ 115,000
Watauga, North Carolina 1 $ 410,000 $ 410,000 $ 210,000
Wilson, North Carolina 1 $ 25,000 $ 25,000 $ 45,000
Franklin, Ohio 1 $ 225,000 $ 225,000 $ 76,000
Multnomah, Oregon 1 $ 302,000 $ 302,000 $ 131,000
Delaware, Pennsylvania 1 $ 285,000 $ 285,000 $ 161,000
Lackawanna, Pennsylvania 1 $ 225,000 $ 225,000 $ 130,000
Montgomery, Pennsylvania 1 $ 360,000 $ 360,000 $ 175,000
Westmoreland, Pennsylvania 1 $ 169,000 $ 169,000 $ 77,000
Washington, Rhode Island 1 $ 700,000 $ 700,000 $ 784,000
Charleston, South Carolina 1 $ 1,240,000 $ 1,240,000 $ 222,000
Cheatham, Tennessee 1 $ 225,000 $ 225,000 $ 87,000
Madison, Tennessee 1 $ 115,000 $ 115,000 $ 102,000
Shelby, Tennessee 1 $ 162,000 $ 162,000 $ 109,000
Collin, Texas 1 $ 320,000 $ 320,000 $ 145,000
Galveston, Texas 1 $ 289,000 $ 289,000 $ 150,000
Montgomery, Texas 1 $ 350,000 $ 350,000 $ 172,000
Travis, Texas 1 $ 156,000 $ 156,000 $ 764,000
Albemarle, Virginia 1 $ 110,000 $ 110,000 $ 281,000
Chesterfield, Virginia 1 $ 296,000 $ 296,000 $ 85,000
Culpeper, Virginia 1 $ 140,000 $ 140,000 $ 272,000
Fredericksburg, Virginia 1 $ 45,000 $ 45,000 $ 23,000
James City, Virginia 1 $ 260,000 $ 260,000 $ 185,000
Madison, Virginia 1 $ 320,000 $ 320,000 $ 261,000
Manassas, Virginia 1 $ 329,000 $ 329,000 $ 245,000
Montgomery, Virginia 1 $ 368,000 $ 368,000 $ 131,000
Northumberland, Virginia 1 $ 205,000 $ 205,000 $ 293,000
Page, Virginia 1 $ 176,000 $ 176,000 $ 197,000
Rappahannock, Virginia 1 $ 140,000 $ 140,000 $ 266,000
Richmond City, Virginia 1 $ 300,000 $ 300,000 $ 89,000
Spotsylvania, Virginia 1 $ 600,000 $ 600,000 $ 223,000
Virginia Beach, Virginia 1 $ 196,000 $ 196,000 $ 231,000
Warren, Virginia 1 $ 417,000 $ 417,000 $ 184,000
Westmoreland, Virginia 1 $ 68,000 $ 68,000 $ 68,000
Clark, Washington 1 $ 351,000 $ 351,000 $ 124,000
Pierce, Washington 1 $ 415,000 $ 415,000 $ 388,000
Pocahontas, West Virginia 1 $ 227,000 $ 227,000 $ 298,000
Preston, West Virginia 1 $ 173,000 $ 173,000 $ 298,000

Mortgage Loan Application Detail Totals for Bank Fund Staff Federal Credit in 2009

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 2,228 $893,255,000 $400,000 $2,720,000 $187,000 $3,833,000
Home Purchase 1,368 $575,933,000 $421,000 $1,900,000 $182,000 $6,527,000
Home Improvement 76 $7,533,000 $99,000 $610,000 $149,000 $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 1,810 $760,215,000 $420,000 $2,300,000 $193,000 $3,833,000
Asian 919 $361,043,000 $392,000 $1,630,000 $174,000 $600,000
Hispanic 386 $154,430,000 $400,000 $2,140,000 $200,000 $6,527,000
Black or African American 359 $117,609,000 $327,000 $1,760,000 $155,000 $1,484,000
Not Provided 181 $76,275,000 $421,000 $2,720,000 $175,000 $580,000
Native Hawaiian or Other Pacific Islander 14 $6,424,000 $458,000 $1,700,000 $177,000 $529,000
American Indian or Alaskan Native 2 $437,000 $218,000 $287,000 $97,000 $140,000
Not applicable 1 $288,000 $288,000 $288,000 $216,000 $216,000

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) 3,671 $1,476,571,000 $402,000 $2,720,000 $184,000 $6,527,000
FHA-insured (Federal Housing Administration) 1 $150,000 $150,000 $150,000 $276,000 $276,000
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 2,060 $821,990,000 $399,000 $2,720,000 $195,000 $3,833,000
Application Withdrawn By Applicant 533 $190,087,000 $356,000 $2,300,000 $171,000 $2,080,000
Preapproval Approved but not Accepted 325 $148,274,000 $456,000 $1,700,000 $180,000 $630,000
File Closed For Incompleteness 324 $127,159,000 $392,000 $1,716,000 $182,000 $6,527,000
Application Approved But Not Accepted 315 $142,489,000 $452,000 $1,600,000 $171,000 $715,000
Application Denied By Financial Institution 96 $39,890,000 $415,000 $1,285,000 $121,000 $345,000
Preapproval Denied by Financial Institution 19 $6,832,000 $359,000 $800,000 $119,000 $250,000
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
Debt-To-Income Ratio 63 $26,329,000 $417,000 $1,285,000 $92,000 $315,000
Credit History 17 $6,637,000 $390,000 $800,000 $145,000 $237,000
Other 11 $4,889,000 $444,000 $800,000 $168,000 $312,000
Collateral 7 $2,488,000 $355,000 $536,000 $172,000 $345,000
Insufficient Cash (Downpayment, Closing Cost) 5 $2,200,000 $440,000 $600,000 $149,000 $223,000
Unverifiable Information 1 $538,000 $538,000 $538,000 $149,000 $149,000
Employment History 1 $600,000 $600,000 $600,000 $192,000 $192,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank Fund Staff Federal Credit's 2009 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 with aggregated HMDA statistics today.

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