Bank Fund Staff Federal Credit Mortgage Lending & HMDA Data, 2024
In 2024, Bank Fund Staff Federal Credit of Washington, DC reported 1,680 mortgage applications totaling $708.5 million, up 39% from 2023. The average application was for $421,738, and applicants reported an average income of $224,698. 61% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Arlington-Alexandria-Reston, VA-WV (437), Washington, DC-MD (330) and Washington-Baltimore-Arlington, DC (329) (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 | 1,680 |
| Total Mortgage Loan Application Amount | $708,520,000 |
| Average Mortgage Loan Application Amount | $421,738 |
| Highest Mortgage Loan Application Amount | $2,345,000 |
| Average Applicant Income | $224,698 |
| Highest Applicant Income | $1,993,000 |
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records Bank Fund Staff Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Arlington-Alexandria-Reston, VA-WV | 437 | $ 169,215,000 | $ 387,219 | $ 220,860 |
| Washington, DC-MD | 330 | $ 141,550,000 | $ 428,939 | $ 226,012 |
| Washington-Baltimore-Arlington, DC | 329 | $ 122,595,000 | $ 372,629 | $ 227,000 |
| Outside any metro area | 265 | $ 160,765,000 | $ 606,660 | $ 227,943 |
| Baltimore-Columbia-Towson, MD | 58 | $ 14,710,000 | $ 253,620 | $ 194,000 |
| Atlanta-Sandy Springs-Roswell, GA | 11 | $ 4,595,000 | $ 417,727 | $ 178,000 |
| Austin-Round Rock, TX | 8 | $ 3,320,000 | $ 415,000 | $ 176,000 |
| Chicago-Naperville, IL | 8 | $ 2,230,000 | $ 278,750 | $ 144,000 |
| Dallas-Plano-Irving, TX | 7 | $ 2,685,000 | $ 383,571 | $ 219,000 |
| Los Angeles-Long Beach-Glendale, CA | 7 | $ 5,925,000 | $ 846,428 | $ 363,000 |
| New York-Jersey City-White Plains, NY-NJ | 7 | $ 3,415,000 | $ 487,857 | $ 354,000 |
| Oakland-Hayward-Berkeley, CA | 7 | $ 4,665,000 | $ 666,428 | $ 351,000 |
| Richmond, VA | 7 | $ 3,175,000 | $ 453,571 | $ 271,000 |
| Miami-Miami Beach-Kendall, FL | 6 | $ 960,000 | $ 160,000 | $ 171,000 |
| Raleigh, NC | 6 | $ 1,750,000 | $ 291,666 | $ 142,000 |
| Seattle-Bellevue-Everett, WA | 6 | $ 3,870,000 | $ 645,000 | $ 293,000 |
| Boston, MA | 5 | $ 1,505,000 | $ 301,000 | $ 177,000 |
| Charlotte-Concord-Gastonia, NC-SC | 5 | $ 2,105,000 | $ 421,000 | $ 322,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 5 | $ 1,185,000 | $ 237,000 | $ 100,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 5 | $ 1,755,000 | $ 351,000 | $ 152,000 |
| Bridgeport-Stamford-Norwalk, CT | 4 | $ 1,100,000 | $ 275,000 | $ 255,000 |
| Durham-Chapel Hill, NC | 4 | $ 3,650,000 | $ 912,500 | $ 523,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 740,000 | $ 185,000 | $ 179,000 |
| Jacksonville, FL | 4 | $ 2,200,000 | $ 550,000 | $ 214,000 |
| Lakewood-New Brunswick, NJ | 4 | $ 2,260,000 | $ 565,000 | $ 205,000 |
| Nassau County-Suffolk County, NY | 4 | $ 1,170,000 | $ 292,500 | $ 343,000 |
| Newark, NJ-PA | 4 | $ 1,100,000 | $ 275,000 | $ 180,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 1,800,000 | $ 450,000 | $ 162,000 |
| Pittsburgh, PA | 4 | $ 860,000 | $ 215,000 | $ 190,000 |
| San Francisco-Redwood City-South San Francisco, CA | 4 | $ 2,680,000 | $ 670,000 | $ 634,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 990,000 | $ 247,500 | $ 142,000 |
| Winchester, VA-WV | 4 | $ 1,030,000 | $ 257,500 | $ 129,500 |
| Cambridge-Newton-Framingham, MA | 3 | $ 2,215,000 | $ 738,333 | $ 208,000 |
| Denver-Aurora-Lakewood, CO | 3 | $ 935,000 | $ 311,666 | $ 162,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 3 | $ 655,000 | $ 218,333 | $ 159,000 |
| Lexington Park, MD | 3 | $ 475,000 | $ 158,333 | $ 137,000 |
| Marietta, GA | 3 | $ 875,000 | $ 291,666 | $ 117,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 585,000 | $ 195,000 | $ 178,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 545,000 | $ 181,666 | $ 150,000 |
| Philadelphia, PA | 3 | $ 355,000 | $ 118,333 | $ 107,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 3 | $ 1,765,000 | $ 588,333 | $ 172,000 |
| Santa Fe, NM | 3 | $ 1,015,000 | $ 338,333 | $ 253,000 |
| Albuquerque, NM | 2 | $ 860,000 | $ 430,000 | $ 339,000 |
| Anaheim-Santa Ana-Irvine, CA | 2 | $ 1,200,000 | $ 600,000 | $ 330,000 |
| Boulder, CO | 2 | $ 1,010,000 | $ 505,000 | $ 201,000 |
| Charlottesville, VA | 2 | $ 680,000 | $ 340,000 | $ 132,000 |
| Cincinnati, OH-KY-IN | 2 | $ 420,000 | $ 210,000 | $ 154,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 310,000 | $ 155,000 | $ 183,000 |
| Greensboro-High Point, NC | 2 | $ 460,000 | $ 230,000 | $ 218,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 430,000 | $ 215,000 | $ 139,500 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 600,000 | $ 300,000 | $ 239,000 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | 2 | $ 1,000,000 | $ 500,000 | $ 204,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 440,000 | $ 220,000 | $ 214,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 710,000 | $ 355,000 | $ 201,000 |
| Port St. Lucie, FL | 2 | $ 570,000 | $ 285,000 | $ 164,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 2 | $ 1,270,000 | $ 635,000 | $ 355,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 440,000 | $ 220,000 | $ 59,000 |
| St. Louis, MO-IL | 2 | $ 400,000 | $ 200,000 | $ 152,000 |
| Tampa, FL | 2 | $ 400,000 | $ 200,000 | $ 247,000 |
| Trenton, NJ | 2 | $ 920,000 | $ 460,000 | $ 394,000 |
| Tucson, AZ | 2 | $ 560,000 | $ 280,000 | $ 353,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 410,000 | $ 205,000 | $ 142,000 |
| Amherst Town-Northampton, MA | 1 | $ 155,000 | $ 155,000 | $ 215,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 405,000 | $ 405,000 | $ 388,000 |
| Bellingham, WA | 1 | $ 155,000 | $ 155,000 | $ 161,000 |
| Binghamton, NY | 1 | $ 205,000 | $ 205,000 | $ 266,000 |
| Birmingham-Hoover, AL | 1 | $ 35,000 | $ 35,000 | $ 156,000 |
| Charleston-North Charleston, SC | 1 | $ 395,000 | $ 395,000 | $ 150,000 |
| Cleveland, OH | 1 | $ 195,000 | $ 195,000 | $ 103,000 |
| College Station-Bryan, TX | 1 | $ 325,000 | $ 325,000 | $ 90,000 |
| Colorado Springs, CO | 1 | $ 675,000 | $ 675,000 | $ 328,000 |
| Columbus, OH | 1 | $ 425,000 | $ 425,000 | $ 110,000 |
| Elgin, IL | 1 | $ 415,000 | $ 415,000 | $ 172,000 |
| Fort Worth-Arlington, TX | 1 | $ 265,000 | $ 265,000 | $ 133,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 465,000 | $ 465,000 | $ 288,000 |
| Harrisonburg, VA | 1 | $ 315,000 | $ 315,000 | $ 381,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 25,000 | $ 25,000 | $ 120,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 875,000 | $ 875,000 | $ 413,000 |
| Kingston, NY | 1 | $ 685,000 | $ 685,000 | $ 274,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 135,000 | $ 135,000 | $ 141,000 |
| Las Cruces, NM | 1 | $ 255,000 | $ 255,000 | $ 281,000 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 405,000 | $ 405,000 | $ 143,000 |
| Madison, WI | 1 | $ 365,000 | $ 365,000 | $ 296,000 |
| Manchester-Nashua, NH | 1 | $ 685,000 | $ 685,000 | $ 313,000 |
| Memphis, TN-MS-AR | 1 | $ 95,000 | $ 95,000 | $ 148,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 225,000 | $ 225,000 | $ 82,000 |
| New Orleans-Metairie, LA | 1 | $ 255,000 | $ 255,000 | $ 199,000 |
| Oklahoma City, OK | 1 | $ 35,000 | $ 35,000 | $ 65,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 295,000 | $ 295,000 | $ 421,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 655,000 | $ 655,000 | $ 418,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 235,000 | $ 235,000 | $ 95,000 |
| Pittsfield, MA | 1 | $ 205,000 | $ 205,000 | $ 110,000 |
| Portland-South Portland, ME | 1 | $ 15,000 | $ 15,000 | $ 175,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 345,000 | $ 345,000 | $ 116,000 |
| Providence-Warwick, RI-MA | 1 | $ 105,000 | $ 105,000 | $ 261,000 |
| Roanoke, VA | 1 | $ 215,000 | $ 215,000 | $ 1,002,000 |
| San Diego-Carlsbad, CA | 1 | $ 505,000 | $ 505,000 | $ 258,000 |
| Santa Rosa, CA | 1 | $ 1,205,000 | $ 1,205,000 | $ 496,000 |
| Savannah, GA | 1 | $ 225,000 | $ 225,000 | $ 170,000 |
| Staunton-Waynesboro, VA | 1 | $ 285,000 | $ 285,000 | $ 216,000 |
| Tulsa, OK | 1 | $ 465,000 | $ 465,000 | $ 259,000 |
| Wilmington, DE-MD-NJ | 1 | $ 395,000 | $ 395,000 | $ 142,000 |
| Wilmington, NC | 1 | $ 75,000 | $ 75,000 | $ 243,000 |
| Winston-Salem, NC | 1 | $ 155,000 | $ 155,000 | $ 270,000 |
| Worcester, MA-CT | 1 | $ 605,000 | $ 605,000 | $ 257,000 |
Mortgage Loan Application Detail Totals for Bank Fund Staff Federal Credit in 2024
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 | 881 | $514,005,000 | $583,000 | $2,305,000 | $237,000 | $1,993,000 |
| Cash-out Refinancing | 677 | $151,445,000 | $223,000 | $2,345,000 | $210,000 | $1,104,000 |
| Refinancing | 108 | $40,570,000 | $375,000 | $1,875,000 | $218,000 | $1,305,000 |
| Other Purpose | 9 | $1,835,000 | $203,000 | $705,000 | $228,000 | $671,000 |
| Home Improvement | 5 | $665,000 | $133,000 | $255,000 | $186,000 | $317,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 625 | $264,595,000 | $423,000 | $1,555,000 | $224,000 | $1,104,000 |
| White | 424 | $197,990,000 | $466,000 | $1,985,000 | $251,000 | $1,993,000 |
| Black or African American | 238 | $77,380,000 | $325,000 | $2,345,000 | $176,000 | $1,305,000 |
| Asian | 209 | $100,045,000 | $478,000 | $2,305,000 | $234,000 | $1,006,000 |
| Hispanic | 182 | $67,930,000 | $373,000 | $1,325,000 | $215,000 | $1,000,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $580,000 | $290,000 | $375,000 | $138,000 | $180,000 |
| Not applicable | 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) | 1,680 | $708,520,000 | $421,000 | $2,345,000 | $224,000 | $1,993,000 |
| 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 | 1,029 | $411,755,000 | $400,000 | $2,145,000 | $233,000 | $1,104,000 |
| Application Approved But Not Accepted | 285 | $169,265,000 | $593,000 | $2,305,000 | $229,000 | $1,993,000 |
| Application Denied By Financial Institution | 175 | $46,435,000 | $265,000 | $2,345,000 | $162,000 | $917,000 |
| Application Withdrawn By Applicant | 138 | $59,340,000 | $430,000 | $1,875,000 | $220,000 | $771,000 |
| File Closed For Incompleteness | 39 | $13,425,000 | $344,000 | $1,205,000 | $239,000 | $1,305,000 |
| Preapproval Approved but not Accepted | 14 | $8,300,000 | $592,000 | $1,165,000 | $252,000 | $520,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,505 | $662,085,000 | $439,000 | $2,305,000 | $232,000 | $1,993,000 |
| Debt-To-Income Ratio | 84 | $24,340,000 | $289,000 | $2,345,000 | $109,000 | $373,000 |
| Collateral | 46 | $8,830,000 | $191,000 | $1,085,000 | $210,000 | $917,000 |
| Credit History | 32 | $6,690,000 | $209,000 | $1,165,000 | $221,000 | $876,000 |
| Unverifiable Information | 5 | $2,405,000 | $481,000 | $1,065,000 | $189,000 | $360,000 |
| Employment History | 4 | $1,140,000 | $285,000 | $565,000 | $101,000 | $122,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $2,265,000 | $755,000 | $1,165,000 | $266,000 | $332,000 |
| Credit Application Incomplete | 1 | $765,000 | $765,000 | $765,000 | $300,000 | $300,000 |
| Other | 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 2024 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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