Skyla Federal Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, Skyla Federal Credit Union of Charlotte, NC reported 1,480 mortgage applications totaling $348.3 million, down 18% from 2023. The average application was for $235,358, and applicants reported an average income of $178,078. 36% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Charlotte-Concord-Gastonia, NC-SC (758), Asheville, NC (32) and Greensboro-High Point, NC (30) (applications in parentheses).
| Mortgage Company & Address | Skyla Federal Credit Union 718 Central Avenue Charlotte, NC 28209 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 |
| Total Number of Mortgage Applications | 1,480 |
| Total Mortgage Loan Application Amount | $348,330,000 |
| Average Mortgage Loan Application Amount | $235,358 |
| Highest Mortgage Loan Application Amount | $2,105,000 |
| Average Applicant Income | $178,078 |
| Highest Applicant Income | $3,808,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Skyla Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Charlotte-Concord-Gastonia, NC-SC | 758 | $ 160,370,000 | $ 211,569 | $ 176,393 |
| Outside any metro area | 521 | $ 146,955,000 | $ 282,063 | $ 172,535 |
| Asheville, NC | 32 | $ 7,820,000 | $ 244,375 | $ 124,000 |
| Greensboro-High Point, NC | 30 | $ 4,600,000 | $ 153,333 | $ 90,000 |
| Hickory-Lenoir-Morganton, NC | 15 | $ 3,885,000 | $ 259,000 | $ 148,000 |
| Burlington, NC | 13 | $ 1,845,000 | $ 141,923 | $ 104,000 |
| Los Angeles-Long Beach-Glendale, CA | 13 | $ 3,145,000 | $ 241,923 | $ 493,000 |
| Durham-Chapel Hill, NC | 10 | $ 2,490,000 | $ 249,000 | $ 133,000 |
| Winston-Salem, NC | 9 | $ 1,165,000 | $ 129,444 | $ 105,000 |
| Arlington-Alexandria-Reston, VA-WV | 7 | $ 1,765,000 | $ 252,142 | $ 945,000 |
| Wilmington, NC | 7 | $ 2,915,000 | $ 416,428 | $ 161,000 |
| Fayetteville, NC | 4 | $ 810,000 | $ 202,500 | $ 517,000 |
| Raleigh, NC | 4 | $ 1,660,000 | $ 415,000 | $ 145,000 |
| Riverside-San Bernardino-Ontario, CA | 4 | $ 370,000 | $ 92,500 | $ 148,000 |
| Spartanburg, SC | 4 | $ 560,000 | $ 140,000 | $ 66,000 |
| Chicago-Naperville, IL | 3 | $ 235,000 | $ 78,333 | $ 605,000 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 680,000 | $ 340,000 | $ 301,000 |
| Columbia, SC | 2 | $ 410,000 | $ 205,000 | $ 52,000 |
| Dallas-Plano-Irving, TX | 2 | $ 310,000 | $ 155,000 | $ 198,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 220,000 | $ 110,000 | $ 364,000 |
| Florence, SC | 2 | $ 400,000 | $ 200,000 | $ 190,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 230,000 | $ 115,000 | $ 147,000 |
| Greenville-Anderson-Mauldin, SC | 2 | $ 360,000 | $ 180,000 | $ 106,000 |
| Jacksonville, FL | 2 | $ 290,000 | $ 145,000 | $ 178,000 |
| Marietta, GA | 2 | $ 360,000 | $ 180,000 | $ 266,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 180,000 | $ 90,000 | $ 102,000 |
| Trenton, NJ | 2 | $ 370,000 | $ 185,000 | $ 89,000 |
| Albuquerque, NM | 1 | $ 55,000 | $ 55,000 | $ 192,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 325,000 | $ 325,000 | $ 227,000 |
| Battle Creek, MI | 1 | $ 65,000 | $ 65,000 | $ 116,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 45,000 | $ 45,000 | $ 72,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 1 | $ 25,000 | $ 25,000 | $ 0 |
| Charleston-North Charleston, SC | 1 | $ 25,000 | $ 25,000 | $ 49,000 |
| Charlottesville, VA | 1 | $ 285,000 | $ 285,000 | $ 150,000 |
| Greenville, NC | 1 | $ 85,000 | $ 85,000 | $ 94,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 155,000 | $ 155,000 | $ 210,000 |
| Hinesville, GA | 1 | $ 75,000 | $ 75,000 | $ 48,000 |
| Lakewood-New Brunswick, NJ | 1 | $ 255,000 | $ 255,000 | $ 229,000 |
| Lansing-East Lansing, MI | 1 | $ 155,000 | $ 155,000 | $ 138,000 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 25,000 | $ 25,000 | $ 239,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 75,000 | $ 75,000 | $ 56,000 |
| Macon-Bibb County, GA | 1 | $ 335,000 | $ 335,000 | $ 140,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 35,000 | $ 35,000 | $ 82,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 45,000 | $ 45,000 | $ 64,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 205,000 | $ 205,000 | $ 530,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 225,000 | $ 225,000 | $ 156,000 |
| Roanoke, VA | 1 | $ 905,000 | $ 905,000 | $ 265,000 |
| Rocky Mount, NC | 1 | $ 55,000 | $ 55,000 | $ 143,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 1 | $ 15,000 | $ 15,000 | $ 235,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 65,000 | $ 65,000 | $ 219,000 |
| Wilmington, DE-MD-NJ | 1 | $ 395,000 | $ 395,000 | $ 180,000 |
Mortgage Loan Application Detail Totals for Skyla Federal Credit Union 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 | 772 | $245,030,000 | $317,000 | $1,325,000 | $180,000 | $3,460,000 |
| Other Purpose | 310 | $31,860,000 | $102,000 | $745,000 | $162,000 | $1,764,000 |
| Cash-out Refinancing | 299 | $43,675,000 | $146,000 | $2,105,000 | $166,000 | $2,508,000 |
| Refinancing | 95 | $26,635,000 | $280,000 | $955,000 | $224,000 | $3,808,000 |
| Home Improvement | 2 | $490,000 | $245,000 | $405,000 | $145,000 | $166,000 |
| Not Applicable | 2 | $640,000 | $320,000 | $585,000 | $1,586,000 | $3,102,000 |
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 | 589 | $137,295,000 | $233,000 | $1,325,000 | $176,000 | $3,460,000 |
| Black or African American | 388 | $86,510,000 | $222,000 | $2,105,000 | $148,000 | $3,144,000 |
| Not Provided | 306 | $65,880,000 | $215,000 | $1,085,000 | $161,000 | $1,764,000 |
| Hispanic | 120 | $30,040,000 | $250,000 | $925,000 | $176,000 | $2,271,000 |
| Asian | 63 | $25,615,000 | $406,000 | $1,265,000 | $472,000 | $3,808,000 |
| American Indian or Alaskan Native | 11 | $2,215,000 | $201,000 | $385,000 | $179,000 | $1,200,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $775,000 | $258,000 | $405,000 | $124,000 | $170,000 |
| 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) | 1,480 | $348,330,000 | $235,000 | $2,105,000 | $178,000 | $3,808,000 |
| 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 | 537 | $115,845,000 | $215,000 | $1,265,000 | $155,000 | $1,310,000 |
| Preapproval Denied by Financial Institution | 419 | $131,225,000 | $313,000 | $1,325,000 | $172,000 | $3,460,000 |
| Application Denied By Financial Institution | 292 | $40,380,000 | $138,000 | $2,105,000 | $180,000 | $2,508,000 |
| Application Withdrawn By Applicant | 143 | $31,235,000 | $218,000 | $905,000 | $193,000 | $3,808,000 |
| Preapproval Approved but not Accepted | 45 | $16,635,000 | $369,000 | $825,000 | $383,000 | $3,249,000 |
| File Closed For Incompleteness | 35 | $10,855,000 | $310,000 | $805,000 | $291,000 | $3,102,000 |
| Application Approved But Not Accepted | 9 | $2,155,000 | $239,000 | $655,000 | $98,000 | $195,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 769 | $176,725,000 | $229,000 | $1,265,000 | $181,000 | $3,808,000 |
| Debt-To-Income Ratio | 180 | $44,840,000 | $249,000 | $925,000 | $79,000 | $368,000 |
| Credit History | 176 | $32,960,000 | $187,000 | $2,105,000 | $254,000 | $2,508,000 |
| Credit Application Incomplete | 134 | $40,890,000 | $305,000 | $1,325,000 | $180,000 | $2,417,000 |
| Other | 74 | $18,110,000 | $244,000 | $725,000 | $314,000 | $3,460,000 |
| Unverifiable Information | 70 | $18,210,000 | $260,000 | $765,000 | $164,000 | $1,620,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 41 | $10,575,000 | $257,000 | $725,000 | $68,000 | $253,000 |
| Collateral | 30 | $4,620,000 | $154,000 | $1,325,000 | $124,000 | $574,000 |
| Employment History | 6 | $1,400,000 | $233,000 | $475,000 | $79,000 | $120,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Skyla Federal Credit Union'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 Skyla Federal Credit Union'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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