Bank Fund Staff Federal Credit Mortgage Lending & HMDA Data, 2023

In 2023, Bank Fund Staff Federal Credit of Washington, DC reported 1,209 mortgage applications totaling $463.6 million, down 43% from 2022. The average application was for $383,478, and applicants reported an average income of $221,282. 73% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (626), Washington-Baltimore-Arlington, DC (314) and Baltimore-Columbia-Towson, MD (26) (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 1,209
Total Mortgage Loan Application Amount $463,625,000
Average Mortgage Loan Application Amount $383,478
Highest Mortgage Loan Application Amount $2,595,000
Average Applicant Income $221,282
Highest Applicant Income $1,373,000

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records Bank Fund Staff Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2023

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Montgomery, Maryland 305 $ 111,225,000 $ 364,672 $ 219,000
District of Columbia, District Of Columbia 235 $ 97,445,000 $ 414,659 $ 235,000
Fairfax, Virginia 189 $ 79,465,000 $ 420,449 $ 229,000
Arlington, Virginia 45 $ 20,295,000 $ 451,000 $ 243,000
Prince George's, Maryland 43 $ 10,335,000 $ 240,348 $ 147,000
Loudoun, Virginia 41 $ 18,055,000 $ 440,365 $ 232,000
Prince William, Virginia 23 $ 5,965,000 $ 259,347 $ 151,000
Alexandria, Virginia 20 $ 5,220,000 $ 261,000 $ 205,000
Anne Arundel, Maryland 9 $ 2,965,000 $ 329,444 $ 171,000
Frederick, Maryland 9 $ 2,595,000 $ 288,333 $ 119,000
Howard, Maryland 9 $ 3,675,000 $ 408,333 $ 306,000
Collin, Texas 8 $ 3,950,000 $ 493,750 $ 166,000
Fairfax City, Virginia 7 $ 2,285,000 $ 326,428 $ 210,000
Maricopa, Arizona 6 $ 3,160,000 $ 526,666 $ 194,000
Fulton, Georgia 6 $ 2,680,000 $ 446,666 $ 390,000
Broward, Florida 5 $ 1,355,000 $ 271,000 $ 230,000
Miami-Dade, Florida 5 $ 1,895,000 $ 379,000 $ 203,000
Cobb, Georgia 5 $ 1,325,000 $ 265,000 $ 142,000
Harris, Texas 5 $ 2,185,000 $ 437,000 $ 204,000
Pima, Arizona 4 $ 1,140,000 $ 285,000 $ 211,000
Alameda, California 4 $ 3,190,000 $ 797,500 $ 311,000
Los Angeles, California 4 $ 4,980,000 $ 1,245,000 $ 358,000
Cook, Illinois 4 $ 1,470,000 $ 367,500 $ 204,000
Baltimore City, Maryland 4 $ 780,000 $ 195,000 $ 141,000
Suffolk, Massachusetts 4 $ 2,000,000 $ 500,000 $ 171,000
Somerset, New Jersey 4 $ 2,610,000 $ 652,500 $ 316,000
Kings, New York 4 $ 1,830,000 $ 457,500 $ 284,000
Wake, North Carolina 4 $ 1,820,000 $ 455,000 $ 191,000
Falls Church, Virginia 4 $ 1,100,000 $ 275,000 $ 271,000
Hillsborough, Florida 3 $ 355,000 $ 118,333 $ 133,000
Polk, Florida 3 $ 1,165,000 $ 388,333 $ 233,000
Sarasota, Florida 3 $ 785,000 $ 261,666 $ 233,000
St. Lucie, Florida 3 $ 1,855,000 $ 618,333 $ 568,000
Calvert, Maryland 3 $ 695,000 $ 231,666 $ 116,000
Middlesex, New Jersey 3 $ 485,000 $ 161,666 $ 188,000
New York, New York 3 $ 1,735,000 $ 578,333 $ 352,000
Westchester, New York 3 $ 3,645,000 $ 1,215,000 $ 416,000
Guilford, North Carolina 3 $ 825,000 $ 275,000 $ 205,000
Mecklenburg, North Carolina 3 $ 755,000 $ 251,666 $ 326,000
Denton, Texas 3 $ 1,715,000 $ 571,666 $ 140,000
Fauquier, Virginia 3 $ 845,000 $ 281,666 $ 217,000
Roanoke City, Virginia 3 $ 415,000 $ 138,333 $ 385,000
Spotsylvania, Virginia 3 $ 1,595,000 $ 531,666 $ 176,000
Stafford, Virginia 3 $ 895,000 $ 298,333 $ 169,000
King, Washington 3 $ 1,545,000 $ 515,000 $ 410,000
Jefferson, Alabama 2 $ 140,000 $ 70,000 $ 169,000
Benton, Arkansas 2 $ 840,000 $ 420,000 $ 151,000
San Diego, California 2 $ 1,250,000 $ 625,000 $ 234,000
New Castle, Delaware 2 $ 830,000 $ 415,000 $ 190,000
Sussex, Delaware 2 $ 360,000 $ 180,000 $ 348,000
Collier, Florida 2 $ 720,000 $ 360,000 $ 176,000
Lee, Florida 2 $ 780,000 $ 390,000 $ 258,000
Manatee, Florida 2 $ 1,000,000 $ 500,000 $ 142,000
Osceola, Florida 2 $ 580,000 $ 290,000 $ 231,000
Palm Beach, Florida 2 $ 790,000 $ 395,000 $ 224,000
Pinellas, Florida 2 $ 600,000 $ 300,000 $ 96,000
York, Maine 2 $ 270,000 $ 135,000 $ 172,000
Carroll, Maryland 2 $ 170,000 $ 85,000 $ 146,000
Charles, Maryland 2 $ 590,000 $ 295,000 $ 163,000
Hampshire, Massachusetts 2 $ 510,000 $ 255,000 $ 417,000
Clark, Nevada 2 $ 310,000 $ 155,000 $ 114,000
Bergen, New Jersey 2 $ 1,030,000 $ 515,000 $ 109,000
Suffolk, New York 2 $ 820,000 $ 410,000 $ 167,000
Davidson, North Carolina 2 $ 520,000 $ 260,000 $ 173,000
Bucks, Pennsylvania 2 $ 610,000 $ 305,000 $ 144,000
Philadelphia, Pennsylvania 2 $ 360,000 $ 180,000 $ 342,000
Beaufort, South Carolina 2 $ 610,000 $ 305,000 $ 169,000
Hidalgo, Texas 2 $ 790,000 $ 395,000 $ 162,000
Frederick, Virginia 2 $ 560,000 $ 280,000 $ 132,000
Henrico, Virginia 2 $ 1,070,000 $ 535,000 $ 595,000
Manassas, Virginia 2 $ 370,000 $ 185,000 $ 79,000
Winchester, Virginia 2 $ 530,000 $ 265,000 $ 118,000
Mobile, Alabama 1 $ 395,000 $ 395,000 $ 250,000
Anchorage, Alaska 1 $ 355,000 $ 355,000 $ 157,000
Pinal, Arizona 1 $ 65,000 $ 65,000 $ 72,000
White, Arkansas 1 $ 155,000 $ 155,000 $ 252,000
Contra Costa, California 1 $ 1,005,000 $ 1,005,000 $ 367,000
Marin, California 1 $ 155,000 $ 155,000 $ 257,000
Monterey, California 1 $ 445,000 $ 445,000 $ 384,000
San Francisco, California 1 $ 705,000 $ 705,000 $ 191,000
Santa Barbara, California 1 $ 75,000 $ 75,000 $ 234,000
Stanislaus, California 1 $ 95,000 $ 95,000 $ 65,000
Adams, Colorado 1 $ 385,000 $ 385,000 $ 170,000
Archuleta, Colorado 1 $ 805,000 $ 805,000 $ 208,000
Denver, Colorado 1 $ 115,000 $ 115,000 $ 182,000
El Paso, Colorado 1 $ 205,000 $ 205,000 $ 80,000
Fairfield, Connecticut 1 $ 75,000 $ 75,000 $ 224,000
New London, Connecticut 1 $ 105,000 $ 105,000 $ 117,000
Brevard, Florida 1 $ 325,000 $ 325,000 $ 278,000
Citrus, Florida 1 $ 365,000 $ 365,000 $ 172,000
Escambia, Florida 1 $ 155,000 $ 155,000 $ 152,000
Indian River, Florida 1 $ 205,000 $ 205,000 $ 82,000
Martin, Florida 1 $ 205,000 $ 205,000 $ 246,000
Nassau, Florida 1 $ 75,000 $ 75,000 $ 127,000
Seminole, Florida 1 $ 105,000 $ 105,000 $ 155,000
St. Johns, Florida 1 $ 685,000 $ 685,000 $ 209,000
Clarke, Georgia 1 $ 55,000 $ 55,000 $ 170,000
DeKalb, Georgia 1 $ 65,000 $ 65,000 $ 200,000
DuPage, Illinois 1 $ 635,000 $ 635,000 $ 172,000
Lake, Illinois 1 $ 1,805,000 $ 1,805,000 $ 500,000
Hamilton, Indiana 1 $ 185,000 $ 185,000 $ 215,000
Johnson, Kansas 1 $ 105,000 $ 105,000 $ 114,000
Fayette, Kentucky 1 $ 165,000 $ 165,000 $ 237,000
Cumberland, Maine 1 $ 1,085,000 $ 1,085,000 $ 316,000
Baltimore, Maryland 1 $ 45,000 $ 45,000 $ 224,000
Garrett, Maryland 1 $ 105,000 $ 105,000 $ 194,000
Queen Anne's, Maryland 1 $ 485,000 $ 485,000 $ 247,000
Talbot, Maryland 1 $ 255,000 $ 255,000 $ 100,000
Washington, Maryland 1 $ 345,000 $ 345,000 $ 234,000
Worcester, Maryland 1 $ 485,000 $ 485,000 $ 329,000
Barnstable, Massachusetts 1 $ 705,000 $ 705,000 $ 297,000
Berkshire, Massachusetts 1 $ 105,000 $ 105,000 $ 216,000
Plymouth, Massachusetts 1 $ 565,000 $ 565,000 $ 158,000
Worcester, Massachusetts 1 $ 555,000 $ 555,000 $ 377,000
Oakland, Michigan 1 $ 155,000 $ 155,000 $ 0
Hennepin, Minnesota 1 $ 635,000 $ 635,000 $ 233,000
Olmsted, Minnesota 1 $ 205,000 $ 205,000 $ 69,000
Ramsey, Minnesota 1 $ 45,000 $ 45,000 $ 145,000
Madison, Mississippi 1 $ 445,000 $ 445,000 $ 156,000
Grafton, New Hampshire 1 $ 455,000 $ 455,000 $ 180,000
Essex, New Jersey 1 $ 105,000 $ 105,000 $ 313,000
Taos, New Mexico 1 $ 105,000 $ 105,000 $ 64,000
Columbia, New York 1 $ 205,000 $ 205,000 $ 399,000
Orange, New York 1 $ 435,000 $ 435,000 $ 203,000
Queens, New York 1 $ 735,000 $ 735,000 $ 312,000
Brunswick, North Carolina 1 $ 235,000 $ 235,000 $ 214,000
Dare, North Carolina 1 $ 295,000 $ 295,000 $ 515,000
Durham, North Carolina 1 $ 105,000 $ 105,000 $ 140,000
Forsyth, North Carolina 1 $ 255,000 $ 255,000 $ 191,000
Orange, North Carolina 1 $ 1,155,000 $ 1,155,000 $ 649,000
Franklin, Ohio 1 $ 95,000 $ 95,000 $ 120,000
Hamilton, Ohio 1 $ 45,000 $ 45,000 $ 132,000
Union, Ohio 1 $ 475,000 $ 475,000 $ 226,000
Cleveland, Oklahoma 1 $ 195,000 $ 195,000 $ 60,000
Oklahoma, Oklahoma 1 $ 185,000 $ 185,000 $ 60,000
Payne, Oklahoma 1 $ 25,000 $ 25,000 $ 205,000
Monroe, Pennsylvania 1 $ 355,000 $ 355,000 $ 294,000
Washington, Rhode Island 1 $ 365,000 $ 365,000 $ 165,000
Berkeley, South Carolina 1 $ 385,000 $ 385,000 $ 97,000
York, South Carolina 1 $ 275,000 $ 275,000 $ 134,000
Sevier, Tennessee 1 $ 265,000 $ 265,000 $ 135,000
Williamson, Tennessee 1 $ 355,000 $ 355,000 $ 143,000
Wilson, Tennessee 1 $ 55,000 $ 55,000 $ 91,000
Bexar, Texas 1 $ 395,000 $ 395,000 $ 171,000
Brazoria, Texas 1 $ 285,000 $ 285,000 $ 162,000
Dallas, Texas 1 $ 535,000 $ 535,000 $ 225,000
Hunt, Texas 1 $ 325,000 $ 325,000 $ 128,000
Travis, Texas 1 $ 865,000 $ 865,000 $ 350,000
Williamson, Texas 1 $ 495,000 $ 495,000 $ 170,000
Culpeper, Virginia 1 $ 105,000 $ 105,000 $ 102,000
Louisa, Virginia 1 $ 115,000 $ 115,000 $ 156,000
Orange, Virginia 1 $ 185,000 $ 185,000 $ 273,000
Page, Virginia 1 $ 195,000 $ 195,000 $ 148,000
Rappahannock, Virginia 1 $ 505,000 $ 505,000 $ 230,000
Richmond City, Virginia 1 $ 75,000 $ 75,000 $ 332,000
Rockbridge, Virginia 1 $ 255,000 $ 255,000 $ 319,000
Virginia Beach, Virginia 1 $ 175,000 $ 175,000 $ 97,000
Lewis, Washington 1 $ 365,000 $ 365,000 $ 453,000
Whatcom, Washington 1 $ 335,000 $ 335,000 $ 144,000
Jefferson, West Virginia 1 $ 405,000 $ 405,000 $ 114,000
Morgan, West Virginia 1 $ 75,000 $ 75,000 $ 417,000
Preston, West Virginia 1 $ 75,000 $ 75,000 $ 214,000
Waukesha, Wisconsin 1 $ 595,000 $ 595,000 $ 306,000
Laramie, Wyoming 1 $ 295,000 $ 295,000 $ 82,000

Mortgage Loan Application Detail Totals for Bank Fund Staff Federal Credit in 2023

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 562 $305,650,000 $543,000 $2,595,000 $232,000 $1,373,000
Cash-out Refinancing 516 $127,120,000 $246,000 $1,355,000 $216,000 $1,084,000
Home Improvement 94 $17,030,000 $181,000 $905,000 $199,000 $510,000
Refinancing 31 $13,445,000 $433,000 $1,165,000 $198,000 $453,000
Other Purpose 6 $380,000 $63,000 $105,000 $141,000 $247,000
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 381 $145,645,000 $382,000 $2,595,000 $237,000 $1,373,000
Black or African American 238 $75,530,000 $317,000 $1,905,000 $184,000 $580,000
Not Provided 212 $83,390,000 $393,000 $2,205,000 $233,000 $905,000
Hispanic 49 $14,755,000 $301,000 $1,245,000 $203,000 $515,000
Asian 33 $13,105,000 $397,000 $1,305,000 $189,000 $508,000
Not applicable 3 $915,000 $305,000 $805,000 $129,000 $208,000
American Indian or Alaskan Native 1 $205,000 $205,000 $205,000 $125,000 $125,000
Native Hawaiian or Other Pacific Islander 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) 1,209 $463,625,000 $383,000 $2,595,000 $221,000 $1,373,000
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 886 $352,290,000 $397,000 $2,595,000 $234,000 $1,373,000
Application Withdrawn By Applicant 161 $68,965,000 $428,000 $2,205,000 $205,000 $767,000
Application Denied By Financial Institution 109 $23,905,000 $219,000 $1,055,000 $139,000 $705,000
File Closed For Incompleteness 46 $17,020,000 $370,000 $1,685,000 $229,000 $510,000
Application Approved But Not Accepted 7 $1,445,000 $206,000 $655,000 $203,000 $350,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial 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 1,100 $439,720,000 $399,000 $2,595,000 $230,000 $1,373,000
Debt-To-Income Ratio 58 $15,070,000 $259,000 $1,055,000 $102,000 $279,000
Credit History 28 $5,030,000 $179,000 $705,000 $153,000 $361,000
Collateral 13 $1,945,000 $149,000 $505,000 $274,000 $705,000
Other 4 $570,000 $142,000 $355,000 $172,000 $351,000
Employment History 3 $515,000 $171,000 $255,000 $105,000 $252,000
Insufficient Cash (Downpayment, Closing Cost) 2 $570,000 $285,000 $455,000 $122,000 $183,000
Unverifiable Information 1 $205,000 $205,000 $205,000 $133,000 $133,000
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 2023 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.

Download the District of Columbia Lender List