Congressional Federal Credit Union Mortgage Lending & HMDA Data, 2015

In 2015, Congressional Federal Credit Union of Oakton, VA reported 772 mortgage applications totaling $208.7 million, up 71% from 2014. The average application was for $270,301, and applicants reported an average income of $168,053. 51% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (422), Silver Spring-Frederick-Rockville, MD (57) and Baltimore-Columbia-Towson, MD (36) (applications in parentheses).

Mortgage Company & Address Congressional Federal Credit Union
10461 White Granite Drive
Oakton, VA 22124
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 772
Total Mortgage Loan Application Amount $208,673,000
Average Mortgage Loan Application Amount $270,301
Highest Mortgage Loan Application Amount $1,600,000
Average Applicant Income $168,053
Highest Applicant Income $2,904,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Congressional Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Congressional Federal Credit Union by County in 2015

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 120 $ 35,896,000 $ 299,133 $ 165,000
Fairfax, Virginia 102 $ 33,542,000 $ 328,843 $ 200,000
Montgomery, Maryland 53 $ 17,092,000 $ 322,490 $ 190,000
Prince George's, Maryland 53 $ 9,544,000 $ 180,075 $ 98,000
Arlington, Virginia 42 $ 13,673,000 $ 325,547 $ 184,000
Prince William, Virginia 26 $ 6,272,000 $ 241,230 $ 118,000
Alexandria, Virginia 25 $ 7,377,000 $ 295,080 $ 280,000
Anne Arundel, Maryland 21 $ 4,665,000 $ 222,142 $ 160,000
Loudoun, Virginia 18 $ 4,960,000 $ 275,555 $ 143,000
Charles, Maryland 12 $ 1,620,000 $ 135,000 $ 121,000
Wake, North Carolina 10 $ 1,897,000 $ 189,700 $ 115,000
Calvert, Maryland 8 $ 1,400,000 $ 175,000 $ 266,000
Howard, Maryland 7 $ 2,874,000 $ 410,571 $ 166,000
Cook, Illinois 6 $ 2,654,000 $ 442,333 $ 308,000
Broward, Florida 5 $ 1,080,000 $ 216,000 $ 185,000
Fulton, Georgia 5 $ 878,000 $ 175,600 $ 199,000
Alameda, California 4 $ 997,000 $ 249,250 $ 157,000
San Diego, California 4 $ 1,435,000 $ 358,750 $ 143,000
Sussex, Delaware 4 $ 1,376,000 $ 344,000 $ 120,000
Miami-Dade, Florida 4 $ 1,670,000 $ 417,500 $ 237,000
Pinellas, Florida 4 $ 1,003,000 $ 250,750 $ 169,000
Frederick, Maryland 4 $ 1,090,000 $ 272,500 $ 153,000
Fairfax City, Virginia 4 $ 793,000 $ 198,250 $ 116,000
Falls Church, Virginia 4 $ 2,689,000 $ 672,250 $ 546,000
King George, Virginia 4 $ 973,000 $ 243,250 $ 134,000
Stafford, Virginia 4 $ 865,000 $ 216,250 $ 179,000
San Francisco, California 3 $ 1,065,000 $ 355,000 $ 143,000
New Castle, Delaware 3 $ 910,000 $ 303,333 $ 99,000
Palm Beach, Florida 3 $ 979,000 $ 326,333 $ 481,000
Gwinnett, Georgia 3 $ 688,000 $ 229,333 $ 98,000
Baltimore City, Maryland 3 $ 382,000 $ 127,333 $ 71,000
St. Mary's, Maryland 3 $ 317,000 $ 105,666 $ 158,000
Queens, New York 3 $ 265,000 $ 88,333 $ 101,000
Buncombe, North Carolina 3 $ 421,000 $ 140,333 $ 136,000
Durham, North Carolina 3 $ 308,000 $ 102,666 $ 53,000
Guilford, North Carolina 3 $ 436,000 $ 145,333 $ 174,000
Mecklenburg, North Carolina 3 $ 988,000 $ 329,333 $ 182,000
Dallas, Texas 3 $ 989,000 $ 329,666 $ 131,000
Henrico, Virginia 3 $ 477,000 $ 159,000 $ 157,000
Maricopa, Arizona 2 $ 827,000 $ 413,500 $ 236,000
Los Angeles, California 2 $ 694,000 $ 347,000 $ 221,000
Monterey, California 2 $ 468,000 $ 234,000 $ 61,000
San Bernardino, California 2 $ 311,000 $ 155,500 $ 104,000
Arapahoe, Colorado 2 $ 347,000 $ 173,500 $ 59,000
Boulder, Colorado 2 $ 134,000 $ 67,000 $ 106,000
Fairfield, Connecticut 2 $ 1,192,000 $ 596,000 $ 240,000
Hartford, Connecticut 2 $ 408,000 $ 204,000 $ 206,000
St. Johns, Florida 2 $ 293,000 $ 146,500 $ 80,000
Volusia, Florida 2 $ 100,000 $ 50,000 $ 146,000
Cobb, Georgia 2 $ 198,000 $ 99,000 $ 85,000
Forsyth, Georgia 2 $ 640,000 $ 320,000 $ 290,000
Lafayette, Louisiana 2 $ 517,000 $ 258,500 $ 205,000
Baltimore, Maryland 2 $ 545,000 $ 272,500 $ 139,000
Carroll, Maryland 2 $ 879,000 $ 439,500 $ 181,000
Worcester, Maryland 2 $ 274,000 $ 137,000 $ 107,000
Essex, Massachusetts 2 $ 885,000 $ 442,500 $ 219,000
Muskegon, Michigan 2 $ 270,000 $ 135,000 $ 159,000
Wayne, Michigan 2 $ 226,000 $ 113,000 $ 83,000
Santa Fe, New Mexico 2 $ 325,000 $ 162,500 $ 198,000
Monroe, New York 2 $ 187,000 $ 93,500 $ 227,000
Westchester, New York 2 $ 1,050,000 $ 525,000 $ 264,000
Dare, North Carolina 2 $ 551,000 $ 275,500 $ 179,000
Moore, North Carolina 2 $ 752,000 $ 376,000 $ 87,000
Franklin, Ohio 2 $ 509,000 $ 254,500 $ 167,000
Multnomah, Oregon 2 $ 765,000 $ 382,500 $ 227,000
Allegheny, Pennsylvania 2 $ 213,000 $ 106,500 $ 54,000
Chester, Pennsylvania 2 $ 360,000 $ 180,000 $ 54,000
Beaufort, South Carolina 2 $ 639,000 $ 319,500 $ 100,000
Richland, South Carolina 2 $ 420,000 $ 210,000 $ 152,000
Harris, Texas 2 $ 1,159,000 $ 579,500 $ 407,000
Chesterfield, Virginia 2 $ 248,000 $ 124,000 $ 145,000
Clarke, Virginia 2 $ 856,000 $ 428,000 $ 90,000
Page, Virginia 2 $ 160,000 $ 80,000 $ 111,000
Richmond City, Virginia 2 $ 150,000 $ 75,000 $ 183,000
Shenandoah, Virginia 2 $ 362,000 $ 181,000 $ 84,000
King, Washington 2 $ 868,000 $ 434,000 $ 156,000
Monongalia, West Virginia 2 $ 413,000 $ 206,500 $ 130,000
Benton, Arkansas 1 $ 252,000 $ 252,000 $ 102,000
Marin, California 1 $ 250,000 $ 250,000 $ 150,000
Orange, California 1 $ 302,000 $ 302,000 $ 219,000
Stanislaus, California 1 $ 262,000 $ 262,000 $ 64,000
Ventura, California 1 $ 200,000 $ 200,000 $ 221,000
Denver, Colorado 1 $ 228,000 $ 228,000 $ 70,000
Douglas, Colorado 1 $ 360,000 $ 360,000 $ 463,000
Eagle, Colorado 1 $ 475,000 $ 475,000 $ 253,000
Summit, Colorado 1 $ 380,000 $ 380,000 $ 463,000
Escambia, Florida 1 $ 150,000 $ 150,000 $ 65,000
Hillsborough, Florida 1 $ 228,000 $ 228,000 $ 134,000
Indian River, Florida 1 $ 25,000 $ 25,000 $ 84,000
Martin, Florida 1 $ 209,000 $ 209,000 $ 191,000
Pasco, Florida 1 $ 199,000 $ 199,000 $ 45,000
Sarasota, Florida 1 $ 820,000 $ 820,000 $ 350,000
Seminole, Florida 1 $ 225,000 $ 225,000 $ 100,000
St. Lucie, Florida 1 $ 110,000 $ 110,000 $ 73,000
Clarke, Georgia 1 $ 150,000 $ 150,000 $ 150,000
Columbia, Georgia 1 $ 43,000 $ 43,000 $ 120,000
Murray, Georgia 1 $ 120,000 $ 120,000 $ 77,000
Elmore, Idaho 1 $ 60,000 $ 60,000 $ 203,000
DuPage, Illinois 1 $ 30,000 $ 30,000 $ 147,000
Harrison, Indiana 1 $ 128,000 $ 128,000 $ 100,000
Fayette, Kentucky 1 $ 310,000 $ 310,000 $ 19,000
Orleans, Louisiana 1 $ 122,000 $ 122,000 $ 100,000
Cumberland, Maine 1 $ 35,000 $ 35,000 $ 105,000
Hancock, Maine 1 $ 40,000 $ 40,000 $ 137,000
Oxford, Maine 1 $ 40,000 $ 40,000 $ 29,000
Caroline, Maryland 1 $ 136,000 $ 136,000 $ 66,000
Garrett, Maryland 1 $ 170,000 $ 170,000 $ 47,000
Kent, Maryland 1 $ 109,000 $ 109,000 $ 40,000
Queen Anne's, Maryland 1 $ 559,000 $ 559,000 $ 102,000
Talbot, Maryland 1 $ 290,000 $ 290,000 $ 164,000
Barnstable, Massachusetts 1 $ 120,000 $ 120,000 $ 525,000
Franklin, Massachusetts 1 $ 227,000 $ 227,000 $ 143,000
Plymouth, Massachusetts 1 $ 290,000 $ 290,000 $ 276,000
Worcester, Massachusetts 1 $ 413,000 $ 413,000 $ 173,000
Berrien, Michigan 1 $ 255,000 $ 255,000 $ 105,000
Ingham, Michigan 1 $ 23,000 $ 23,000 $ 45,000
Oakland, Michigan 1 $ 159,000 $ 159,000 $ 94,000
Dakota, Minnesota 1 $ 406,000 $ 406,000 $ 235,000
Hennepin, Minnesota 1 $ 81,000 $ 81,000 $ 101,000
Ramsey, Minnesota 1 $ 150,000 $ 150,000 $ 235,000
Jackson, Missouri 1 $ 246,000 $ 246,000 $ 43,000
Clark, Nevada 1 $ 188,000 $ 188,000 $ 61,000
Washoe, Nevada 1 $ 255,000 $ 255,000 $ 86,000
Bergen, New Jersey 1 $ 30,000 $ 30,000 $ 145,000
Burlington, New Jersey 1 $ 35,000 $ 35,000 $ 100,000
Mercer, New Jersey 1 $ 208,000 $ 208,000 $ 151,000
Ocean, New Jersey 1 $ 324,000 $ 324,000 $ 185,000
Somerset, New Jersey 1 $ 400,000 $ 400,000 $ 182,000
Bernalillo, New Mexico 1 $ 463,000 $ 463,000 $ 165,000
Dona Ana, New Mexico 1 $ 40,000 $ 40,000 $ 65,000
Columbia, New York 1 $ 45,000 $ 45,000 $ 125,000
Onondaga, New York 1 $ 285,000 $ 285,000 $ 218,000
Ontario, New York 1 $ 402,000 $ 402,000 $ 195,000
Putnam, New York 1 $ 568,000 $ 568,000 $ 168,000
Saratoga, New York 1 $ 210,000 $ 210,000 $ 120,000
Suffolk, New York 1 $ 200,000 $ 200,000 $ 179,000
Ulster, New York 1 $ 366,000 $ 366,000 $ 247,000
Warren, New York 1 $ 156,000 $ 156,000 $ 56,000
Brunswick, North Carolina 1 $ 417,000 $ 417,000 $ 150,000
Carteret, North Carolina 1 $ 275,000 $ 275,000 $ 289,000
Duplin, North Carolina 1 $ 65,000 $ 65,000 $ 76,000
Forsyth, North Carolina 1 $ 390,000 $ 390,000 $ 75,000
Henderson, North Carolina 1 $ 190,000 $ 190,000 $ 131,000
Iredell, North Carolina 1 $ 320,000 $ 320,000 $ 129,000
Orange, North Carolina 1 $ 485,000 $ 485,000 $ 162,000
Rutherford, North Carolina 1 $ 100,000 $ 100,000 $ 96,000
Union, North Carolina 1 $ 128,000 $ 128,000 $ 59,000
Cuyahoga, Ohio 1 $ 314,000 $ 314,000 $ 231,000
Oklahoma, Oklahoma 1 $ 174,000 $ 174,000 $ 241,000
Marion, Oregon 1 $ 143,000 $ 143,000 $ 36,000
Blair, Pennsylvania 1 $ 92,000 $ 92,000 $ 129,000
Bradford, Pennsylvania 1 $ 24,000 $ 24,000 $ 131,000
Bucks, Pennsylvania 1 $ 280,000 $ 280,000 $ 93,000
Delaware, Pennsylvania 1 $ 90,000 $ 90,000 $ 86,000
Northumberland, Pennsylvania 1 $ 75,000 $ 75,000 $ 19,000
Philadelphia, Pennsylvania 1 $ 750,000 $ 750,000 $ 480,000
Kent, Rhode Island 1 $ 40,000 $ 40,000 $ 31,000
Blount, Tennessee 1 $ 216,000 $ 216,000 $ 248,000
Shelby, Tennessee 1 $ 140,000 $ 140,000 $ 77,000
Wilson, Tennessee 1 $ 240,000 $ 240,000 $ 99,000
Denton, Texas 1 $ 194,000 $ 194,000 $ 94,000
Ellis, Texas 1 $ 251,000 $ 251,000 $ 289,000
Hartley, Texas 1 $ 124,000 $ 124,000 $ 63,000
Montague, Texas 1 $ 280,000 $ 280,000 $ 145,000
Montgomery, Texas 1 $ 135,000 $ 135,000 $ 158,000
Travis, Texas 1 $ 200,000 $ 200,000 $ 129,000
Cache, Utah 1 $ 156,000 $ 156,000 $ 126,000
Albemarle, Virginia 1 $ 200,000 $ 200,000 $ 41,000
Appomattox, Virginia 1 $ 275,000 $ 275,000 $ 261,000
Augusta, Virginia 1 $ 124,000 $ 124,000 $ 63,000
Frederick, Virginia 1 $ 20,000 $ 20,000 $ 47,000
Fredericksburg, Virginia 1 $ 306,000 $ 306,000 $ 166,000
Halifax, Virginia 1 $ 55,000 $ 55,000 $ 100,000
Hampton, Virginia 1 $ 120,000 $ 120,000 $ 85,000
Isle of Wight, Virginia 1 $ 294,000 $ 294,000 $ 327,000
Middlesex, Virginia 1 $ 270,000 $ 270,000 $ 434,000
Newport News, Virginia 1 $ 459,000 $ 459,000 $ 327,000
Orange, Virginia 1 $ 196,000 $ 196,000 $ 135,000
Westmoreland, Virginia 1 $ 210,000 $ 210,000 $ 42,000
Snohomish, Washington 1 $ 215,000 $ 215,000 $ 182,000
Jefferson, West Virginia 1 $ 344,000 $ 344,000 $ 176,000

Mortgage Loan Application Detail Totals for Congressional Federal Credit Union in 2015

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 456 $124,815,000 $273,000 $1,600,000 $178,000 $2,904,000
Home Purchase 179 $58,412,000 $326,000 $1,030,000 $155,000 $700,000
Home Improvement 137 $25,446,000 $185,000 $650,000 $152,000 $750,000

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 505 $143,393,000 $283,000 $1,600,000 $183,000 $2,582,000
Black or African American 127 $27,611,000 $217,000 $909,000 $118,000 $482,000
Not Provided 68 $18,868,000 $277,000 $960,000 $185,000 $2,904,000
Hispanic 39 $8,899,000 $228,000 $707,000 $125,000 $300,000
Asian 29 $8,966,000 $309,000 $625,000 $151,000 $291,000
American Indian or Alaskan Native 3 $551,000 $183,000 $385,000 $131,000 $214,000
Native Hawaiian or Other Pacific Islander 1 $385,000 $385,000 $385,000 $158,000 $158,000
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) 772 $208,673,000 $270,000 $1,600,000 $168,000 $2,904,000
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 396 $111,295,000 $281,000 $1,572,000 $172,000 $1,052,000
File Closed For Incompleteness 159 $51,366,000 $323,000 $1,030,000 $195,000 $2,904,000
Application Denied By Financial Institution 108 $17,312,000 $160,000 $747,000 $122,000 $524,000
Application Withdrawn By Applicant 108 $28,380,000 $262,000 $1,600,000 $161,000 $1,049,000
Application Approved But Not Accepted 1 $320,000 $320,000 $320,000 $180,000 $180,000
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
Credit History 38 $5,825,000 $153,000 $747,000 $124,000 $311,000
Debt-To-Income Ratio 29 $5,688,000 $196,000 $720,000 $92,000 $253,000
Collateral 20 $2,634,000 $131,000 $324,000 $146,000 $524,000
Mortgage Insurance Denied 12 $858,000 $71,000 $199,000 $163,000 $394,000
Other 2 $433,000 $216,000 $318,000 $81,000 $102,000
Employment History 1 $177,000 $177,000 $177,000 $45,000 $45,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Congressional Federal Credit Union's 2015 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 Congressional 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.
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