Bank Fund Staff Federal Credit Mortgage Lending & HMDA Data, 2016
In 2016, Bank Fund Staff Federal Credit of Washington, DC reported 1,590 mortgage applications totaling $730.4 million, down 27% from 2015. The average application was for $459,378, and applicants reported an average income of $201,748. 79% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (916), Silver Spring-Frederick-Rockville, MD (395) and Baltimore-Columbia-Towson, MD (36) (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 | 1,590 |
| Total Mortgage Loan Application Amount | $730,412,000 |
| Average Mortgage Loan Application Amount | $459,378 |
| Highest Mortgage Loan Application Amount | $2,125,000 |
| Average Applicant Income | $201,748 |
| Highest Applicant Income | $1,067,000 |
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records Bank Fund Staff Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| District of Columbia, District Of Columbia | 408 | $ 217,146,000 | $ 532,220 | $ 217,000 |
| Montgomery, Maryland | 389 | $ 192,050,000 | $ 493,701 | $ 220,000 |
| Fairfax, Virginia | 273 | $ 127,143,000 | $ 465,725 | $ 197,000 |
| Arlington, Virginia | 86 | $ 37,672,000 | $ 438,046 | $ 202,000 |
| Prince George's, Maryland | 40 | $ 10,457,000 | $ 261,425 | $ 143,000 |
| Loudoun, Virginia | 40 | $ 18,248,000 | $ 456,200 | $ 151,000 |
| Alexandria, Virginia | 28 | $ 11,776,000 | $ 420,571 | $ 181,000 |
| Howard, Maryland | 19 | $ 6,852,000 | $ 360,631 | $ 141,000 |
| Prince William, Virginia | 17 | $ 4,384,000 | $ 257,882 | $ 130,000 |
| Anne Arundel, Maryland | 11 | $ 3,037,000 | $ 276,090 | $ 120,000 |
| Cook, Illinois | 8 | $ 3,190,000 | $ 398,750 | $ 245,000 |
| Los Angeles, California | 7 | $ 4,375,000 | $ 625,000 | $ 198,000 |
| Miami-Dade, Florida | 7 | $ 2,063,000 | $ 294,714 | $ 120,000 |
| Frederick, Maryland | 6 | $ 1,910,000 | $ 318,333 | $ 166,000 |
| Wake, North Carolina | 6 | $ 1,751,000 | $ 291,833 | $ 134,000 |
| Sussex, Delaware | 5 | $ 1,310,000 | $ 262,000 | $ 212,000 |
| Charles, Maryland | 5 | $ 1,273,000 | $ 254,600 | $ 175,000 |
| Alameda, California | 4 | $ 3,063,000 | $ 765,750 | $ 258,000 |
| Fairfield, Connecticut | 4 | $ 3,203,000 | $ 800,750 | $ 308,000 |
| New Castle, Delaware | 4 | $ 1,257,000 | $ 314,250 | $ 160,000 |
| Broward, Florida | 4 | $ 945,000 | $ 236,250 | $ 139,000 |
| Baltimore City, Maryland | 4 | $ 830,000 | $ 207,500 | $ 131,000 |
| Hudson, New Jersey | 4 | $ 2,017,000 | $ 504,250 | $ 223,000 |
| Fairfax City, Virginia | 4 | $ 1,948,000 | $ 487,000 | $ 164,000 |
| Rappahannock, Virginia | 4 | $ 1,133,000 | $ 283,250 | $ 242,000 |
| King, Washington | 4 | $ 2,094,000 | $ 523,500 | $ 211,000 |
| San Francisco, California | 3 | $ 1,908,000 | $ 636,000 | $ 206,000 |
| Santa Barbara, California | 3 | $ 1,758,000 | $ 586,000 | $ 187,000 |
| Lee, Florida | 3 | $ 1,944,000 | $ 648,000 | $ 266,000 |
| Orange, Florida | 3 | $ 906,000 | $ 302,000 | $ 233,000 |
| Palm Beach, Florida | 3 | $ 292,000 | $ 97,333 | $ 64,000 |
| Sarasota, Florida | 3 | $ 783,000 | $ 261,000 | $ 130,000 |
| Worcester, Maryland | 3 | $ 1,001,000 | $ 333,666 | $ 209,000 |
| Middlesex, Massachusetts | 3 | $ 1,793,000 | $ 597,666 | $ 288,000 |
| Westchester, New York | 3 | $ 1,600,000 | $ 533,333 | $ 220,000 |
| Dallas, Texas | 3 | $ 962,000 | $ 320,666 | $ 171,000 |
| Harris, Texas | 3 | $ 1,185,000 | $ 395,000 | $ 141,000 |
| Falls Church, Virginia | 3 | $ 1,039,000 | $ 346,333 | $ 153,000 |
| San Mateo, California | 2 | $ 535,000 | $ 267,500 | $ 88,000 |
| Denver, Colorado | 2 | $ 707,000 | $ 353,500 | $ 161,000 |
| Hartford, Connecticut | 2 | $ 503,000 | $ 251,500 | $ 140,000 |
| New London, Connecticut | 2 | $ 2,278,000 | $ 1,139,000 | $ 326,000 |
| Hillsborough, Florida | 2 | $ 463,000 | $ 231,500 | $ 140,000 |
| Manatee, Florida | 2 | $ 200,000 | $ 100,000 | $ 275,000 |
| Pinellas, Florida | 2 | $ 294,000 | $ 147,000 | $ 70,000 |
| Calvert, Maryland | 2 | $ 671,000 | $ 335,500 | $ 173,000 |
| Garrett, Maryland | 2 | $ 750,000 | $ 375,000 | $ 235,000 |
| Harford, Maryland | 2 | $ 648,000 | $ 324,000 | $ 144,000 |
| Talbot, Maryland | 2 | $ 380,000 | $ 190,000 | $ 163,000 |
| Dukes, Massachusetts | 2 | $ 686,000 | $ 343,000 | $ 347,000 |
| Grafton, New Hampshire | 2 | $ 645,000 | $ 322,500 | $ 180,000 |
| Bergen, New Jersey | 2 | $ 739,000 | $ 369,500 | $ 172,000 |
| Santa Fe, New Mexico | 2 | $ 1,313,000 | $ 656,500 | $ 222,000 |
| Franklin, Pennsylvania | 2 | $ 271,000 | $ 135,500 | $ 69,000 |
| Montgomery, Pennsylvania | 2 | $ 1,237,000 | $ 618,500 | $ 500,000 |
| Philadelphia, Pennsylvania | 2 | $ 735,000 | $ 367,500 | $ 197,000 |
| Tarrant, Texas | 2 | $ 632,000 | $ 316,000 | $ 87,000 |
| Charlottesville, Virginia | 2 | $ 1,166,000 | $ 583,000 | $ 159,000 |
| Frederick, Virginia | 2 | $ 229,000 | $ 114,500 | $ 111,000 |
| Manassas Park, Virginia | 2 | $ 572,000 | $ 286,000 | $ 111,000 |
| Richmond City, Virginia | 2 | $ 478,000 | $ 239,000 | $ 120,000 |
| Virginia Beach, Virginia | 2 | $ 323,000 | $ 161,500 | $ 219,000 |
| Warren, Virginia | 2 | $ 485,000 | $ 242,500 | $ 157,000 |
| Morgan, West Virginia | 2 | $ 679,000 | $ 339,500 | $ 199,000 |
| Maricopa, Arizona | 1 | $ 149,000 | $ 149,000 | $ 53,000 |
| Pima, Arizona | 1 | $ 628,000 | $ 628,000 | $ 503,000 |
| Marin, California | 1 | $ 1,100,000 | $ 1,100,000 | $ 404,000 |
| Orange, California | 1 | $ 192,000 | $ 192,000 | $ 80,000 |
| Riverside, California | 1 | $ 417,000 | $ 417,000 | $ 205,000 |
| Sacramento, California | 1 | $ 407,000 | $ 407,000 | $ 279,000 |
| San Diego, California | 1 | $ 850,000 | $ 850,000 | $ 180,000 |
| Santa Clara, California | 1 | $ 1,880,000 | $ 1,880,000 | $ 437,000 |
| Sonoma, California | 1 | $ 481,000 | $ 481,000 | $ 140,000 |
| Yolo, California | 1 | $ 15,000 | $ 15,000 | $ 164,000 |
| El Paso, Colorado | 1 | $ 294,000 | $ 294,000 | $ 111,000 |
| Summit, Colorado | 1 | $ 415,000 | $ 415,000 | $ 365,000 |
| Charlotte, Florida | 1 | $ 250,000 | $ 250,000 | $ 197,000 |
| Gilchrist, Florida | 1 | $ 300,000 | $ 300,000 | $ 178,000 |
| Nassau, Florida | 1 | $ 350,000 | $ 350,000 | $ 153,000 |
| Pasco, Florida | 1 | $ 140,000 | $ 140,000 | $ 27,000 |
| Seminole, Florida | 1 | $ 122,000 | $ 122,000 | $ 224,000 |
| St. Lucie, Florida | 1 | $ 156,000 | $ 156,000 | $ 148,000 |
| DeKalb, Georgia | 1 | $ 93,000 | $ 93,000 | $ 101,000 |
| Fulton, Georgia | 1 | $ 322,000 | $ 322,000 | $ 97,000 |
| Hawaii, Hawaii | 1 | $ 415,000 | $ 415,000 | $ 293,000 |
| Honolulu, Hawaii | 1 | $ 680,000 | $ 680,000 | $ 179,000 |
| Maui, Hawaii | 1 | $ 950,000 | $ 950,000 | $ 284,000 |
| DuPage, Illinois | 1 | $ 130,000 | $ 130,000 | $ 45,000 |
| McHenry, Illinois | 1 | $ 150,000 | $ 150,000 | $ 125,000 |
| Tippecanoe, Indiana | 1 | $ 180,000 | $ 180,000 | $ 205,000 |
| Cumberland, Maine | 1 | $ 259,000 | $ 259,000 | $ 170,000 |
| Hancock, Maine | 1 | $ 250,000 | $ 250,000 | $ 135,000 |
| Lincoln, Maine | 1 | $ 172,000 | $ 172,000 | $ 70,000 |
| Allegany, Maryland | 1 | $ 76,000 | $ 76,000 | $ 229,000 |
| Dorchester, Maryland | 1 | $ 175,000 | $ 175,000 | $ 335,000 |
| St. Mary's, Maryland | 1 | $ 30,000 | $ 30,000 | $ 76,000 |
| Washington, Maryland | 1 | $ 6,000 | $ 6,000 | $ 5,000 |
| Barnstable, Massachusetts | 1 | $ 400,000 | $ 400,000 | $ 416,000 |
| Berkshire, Massachusetts | 1 | $ 209,000 | $ 209,000 | $ 188,000 |
| Bristol, Massachusetts | 1 | $ 417,000 | $ 417,000 | $ 124,000 |
| Hampshire, Massachusetts | 1 | $ 240,000 | $ 240,000 | $ 336,000 |
| Plymouth, Massachusetts | 1 | $ 417,000 | $ 417,000 | $ 223,000 |
| Oakland, Michigan | 1 | $ 222,000 | $ 222,000 | $ 108,000 |
| Hennepin, Minnesota | 1 | $ 130,000 | $ 130,000 | $ 100,000 |
| Boone, Missouri | 1 | $ 200,000 | $ 200,000 | $ 162,000 |
| Strafford, New Hampshire | 1 | $ 456,000 | $ 456,000 | $ 133,000 |
| Mercer, New Jersey | 1 | $ 268,000 | $ 268,000 | $ 100,000 |
| Middlesex, New Jersey | 1 | $ 400,000 | $ 400,000 | $ 351,000 |
| Taos, New Mexico | 1 | $ 400,000 | $ 400,000 | $ 281,000 |
| Kings, New York | 1 | $ 945,000 | $ 945,000 | $ 146,000 |
| Madison, New York | 1 | $ 167,000 | $ 167,000 | $ 194,000 |
| Monroe, New York | 1 | $ 105,000 | $ 105,000 | $ 64,000 |
| Otsego, New York | 1 | $ 120,000 | $ 120,000 | $ 148,000 |
| Tompkins, New York | 1 | $ 28,000 | $ 28,000 | $ 112,000 |
| Ulster, New York | 1 | $ 313,000 | $ 313,000 | $ 170,000 |
| Buncombe, North Carolina | 1 | $ 226,000 | $ 226,000 | $ 110,000 |
| Cabarrus, North Carolina | 1 | $ 304,000 | $ 304,000 | $ 150,000 |
| Durham, North Carolina | 1 | $ 720,000 | $ 720,000 | $ 407,000 |
| Guilford, North Carolina | 1 | $ 248,000 | $ 248,000 | $ 114,000 |
| Mecklenburg, North Carolina | 1 | $ 212,000 | $ 212,000 | $ 665,000 |
| Orange, North Carolina | 1 | $ 634,000 | $ 634,000 | $ 166,000 |
| Union, North Carolina | 1 | $ 417,000 | $ 417,000 | $ 130,000 |
| Hamilton, Ohio | 1 | $ 81,000 | $ 81,000 | $ 62,000 |
| Deschutes, Oregon | 1 | $ 660,000 | $ 660,000 | $ 161,000 |
| Allegheny, Pennsylvania | 1 | $ 280,000 | $ 280,000 | $ 140,000 |
| Chester, Pennsylvania | 1 | $ 850,000 | $ 850,000 | $ 337,000 |
| Lancaster, Pennsylvania | 1 | $ 259,000 | $ 259,000 | $ 88,000 |
| Lebanon, Pennsylvania | 1 | $ 110,000 | $ 110,000 | $ 140,000 |
| Beaufort, South Carolina | 1 | $ 247,000 | $ 247,000 | $ 116,000 |
| Charleston, South Carolina | 1 | $ 162,000 | $ 162,000 | $ 75,000 |
| Hamilton, Tennessee | 1 | $ 275,000 | $ 275,000 | $ 160,000 |
| Bexar, Texas | 1 | $ 148,000 | $ 148,000 | $ 120,000 |
| Collin, Texas | 1 | $ 270,000 | $ 270,000 | $ 91,000 |
| Hutchinson, Texas | 1 | $ 37,000 | $ 37,000 | $ 43,000 |
| Summit, Utah | 1 | $ 219,000 | $ 219,000 | $ 55,000 |
| Caledonia, Vermont | 1 | $ 56,000 | $ 56,000 | $ 229,000 |
| Bedford, Virginia | 1 | $ 291,000 | $ 291,000 | $ 134,000 |
| Clarke, Virginia | 1 | $ 281,000 | $ 281,000 | $ 521,000 |
| Goochland, Virginia | 1 | $ 232,000 | $ 232,000 | $ 212,000 |
| Henrico, Virginia | 1 | $ 292,000 | $ 292,000 | $ 103,000 |
| Lancaster, Virginia | 1 | $ 400,000 | $ 400,000 | $ 210,000 |
| Orange, Virginia | 1 | $ 268,000 | $ 268,000 | $ 178,000 |
| Roanoke City, Virginia | 1 | $ 164,000 | $ 164,000 | $ 94,000 |
| Stafford, Virginia | 1 | $ 370,000 | $ 370,000 | $ 190,000 |
| Clallam, Washington | 1 | $ 172,000 | $ 172,000 | $ 55,000 |
| Clark, Washington | 1 | $ 279,000 | $ 279,000 | $ 272,000 |
| Kitsap, Washington | 1 | $ 30,000 | $ 30,000 | $ 188,000 |
| Thurston, Washington | 1 | $ 256,000 | $ 256,000 | $ 85,000 |
| Hardy, West Virginia | 1 | $ 178,000 | $ 178,000 | $ 144,000 |
| Preston, West Virginia | 1 | $ 44,000 | $ 44,000 | $ 79,000 |
Mortgage Loan Application Detail Totals for Bank Fund Staff Federal Credit in 2016
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 | 752 | $330,400,000 | $439,000 | $2,125,000 | $204,000 | $815,000 |
| Home Purchase | 711 | $345,303,000 | $485,000 | $1,920,000 | $197,000 | $1,067,000 |
| Home Improvement | 127 | $54,709,000 | $430,000 | $1,800,000 | $215,000 | $817,000 |
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 | 624 | $303,144,000 | $485,000 | $2,125,000 | $215,000 | $708,000 |
| Not Provided | 332 | $156,712,000 | $472,000 | $1,982,000 | $212,000 | $1,067,000 |
| Asian | 307 | $145,060,000 | $472,000 | $1,880,000 | $191,000 | $817,000 |
| Hispanic | 166 | $66,468,000 | $400,000 | $1,350,000 | $184,000 | $707,000 |
| Black or African American | 149 | $56,372,000 | $378,000 | $1,270,000 | $168,000 | $815,000 |
| Not applicable | 5 | $147,000 | $29,000 | $91,000 | $150,000 | $365,000 |
| American Indian or Alaskan Native | 4 | $1,415,000 | $353,000 | $576,000 | $119,000 | $208,000 |
| Native Hawaiin or Other Pacific Islander | 3 | $1,094,000 | $364,000 | $680,000 | $144,000 | $160,000 |
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) | 1,590 | $730,412,000 | $459,000 | $2,125,000 | $201,000 | $1,067,000 |
| 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 | 1,262 | $585,043,000 | $463,000 | $2,125,000 | $209,000 | $817,000 |
| Application Withdrawn By Applicant | 217 | $98,708,000 | $454,000 | $1,320,000 | $184,000 | $1,067,000 |
| Application Denied By Financial Institution | 89 | $37,548,000 | $421,000 | $1,890,000 | $143,000 | $815,000 |
| Application Approved But Not Accepted | 10 | $3,640,000 | $364,000 | $752,000 | $181,000 | $365,000 |
| File Closed For Incompleteness | 9 | $4,127,000 | $458,000 | $1,300,000 | $200,000 | $381,000 |
| Preapproval Approved but not Accepted | 3 | $1,346,000 | $448,000 | $656,000 | $125,000 | $256,000 |
| Preapproval Denied by Financial Institution | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 37 | $15,613,000 | $421,000 | $1,890,000 | $105,000 | $331,000 |
| Credit History | 24 | $8,857,000 | $369,000 | $800,000 | $157,000 | $815,000 |
| Collateral | 15 | $8,575,000 | $571,000 | $1,676,000 | $194,000 | $394,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $1,996,000 | $399,000 | $560,000 | $120,000 | $224,000 |
| Other | 5 | $1,630,000 | $326,000 | $625,000 | $200,000 | $312,000 |
| Unverifiable Information | 1 | $227,000 | $227,000 | $227,000 | $278,000 | $278,000 |
| Employment History | 1 | $550,000 | $550,000 | $550,000 | $140,000 | $140,000 |
| 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 2016 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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