Country Federal Credit Union Mortgage Lending & HMDA Data, 2004
In 2004, Country Federal Credit Union of Macclenny, FL reported 95 mortgage applications totaling $4.9 million. The average application was for $51,694, and applicants reported an average income of $52,810. 53% of its applications resulted in an originated loan and 27% were denied. Its largest market was Jacksonville, FL (95).
| Mortgage Company & Address | Country Federal Credit Union 602 South Sixth St. Macclenny, FL 32063 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 95 |
| Total Mortgage Loan Application Amount | $4,911,000 |
| Average Mortgage Loan Application Amount | $51,694 |
| Highest Mortgage Loan Application Amount | $629,000 |
| Average Applicant Income | $52,810 |
| Highest Applicant Income | $395,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Country Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Jacksonville, FL | 95 | $ 4,911,000 | $ 51,694 | $ 55,000 |
Mortgage Loan Application Detail Totals for Country Federal Credit Union in 2004
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 Improvement | 42 | $1,566,000 | $37,000 | $100,000 | $46,000 | $120,000 |
| Home Purchase | 28 | $1,544,000 | $55,000 | $160,000 | $70,000 | $395,000 |
| Refinancing | 25 | $1,801,000 | $72,000 | $629,000 | $45,000 | $74,000 |
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 | 87 | $4,518,000 | $51,000 | $629,000 | $45,000 | $155,000 |
| Black or African American | 8 | $393,000 | $49,000 | $69,000 | $82,000 | $395,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 95 | $4,911,000 | $51,000 | $629,000 | $55,000 | $395,000 |
| 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 | 50 | $2,964,000 | $59,000 | $629,000 | $46,000 | $155,000 |
| Application Denied By Financial Institution | 26 | $1,051,000 | $40,000 | $84,000 | $67,000 | $395,000 |
| Application Withdrawn By Applicant | 19 | $896,000 | $47,000 | $100,000 | $38,000 | $118,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 15 | $632,000 | $42,000 | $84,000 | $130,000 | $395,000 |
| Collateral | 5 | $208,000 | $41,000 | $69,000 | $37,000 | $67,000 |
| Debt-To-Income Ratio | 2 | $90,000 | $45,000 | $50,000 | $24,000 | $32,000 |
| Mortgage Insurance Denied | 2 | $53,000 | $26,000 | $28,000 | $48,000 | $73,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $48,000 | $48,000 | $48,000 | $20,000 | $20,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Country Federal Credit Union's 2004 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 Country 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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