Credit Union Financial Services, LLC Mortgage Lending & HMDA Data, 2016
In 2016, Credit Union Financial Services, LLC of Decatur, GA reported 1,295 mortgage applications totaling $192.6 million, about the same as 2015. The average application was for $148,731, and applicants reported an average income of $54,833. 18% of its applications resulted in an originated loan and 35% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (274), Gainesville, GA (27) and Macon, GA (19) (applications in parentheses).
| Mortgage Company & Address | Credit Union Financial Services, LLC 2476 Lawrenceville Highway Suite 101 Decatur, GA 30033 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 | 1,295 |
| Total Mortgage Loan Application Amount | $192,607,000 |
| Average Mortgage Loan Application Amount | $148,731 |
| Highest Mortgage Loan Application Amount | $1,200,000 |
| Average Applicant Income | $54,833 |
| Highest Applicant Income | $687,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Credit Union Financial Services, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Roswell, GA | 274 | $ 45,269,000 | $ 165,215 | $ 73,000 |
| Gainesville, GA | 27 | $ 4,008,000 | $ 148,444 | $ 53,000 |
| Macon, GA | 19 | $ 2,861,000 | $ 150,578 | $ 52,000 |
| Savannah, GA | 19 | $ 3,449,000 | $ 181,526 | $ 75,000 |
| Warner Robins, GA | 12 | $ 1,382,000 | $ 115,166 | $ 58,000 |
| Athens-Clarke County, GA | 11 | $ 1,637,000 | $ 148,818 | $ 40,000 |
| Augusta-Richmond County, GA-SC | 10 | $ 1,072,000 | $ 107,200 | $ 41,400 |
| Hinesville, GA | 4 | $ 364,000 | $ 91,000 | $ 32,000 |
| Rome, GA | 3 | $ 296,000 | $ 98,666 | $ 20,000 |
| Albany, GA | 2 | $ 346,000 | $ 173,000 | $ 55,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 100,000 | $ 100,000 | $ 64,000 |
| Jacksonville, FL | 1 | $ 158,000 | $ 158,000 | $ 61,000 |
| Johnson City, TN | 1 | $ 580,000 | $ 580,000 | $ 120,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 85,000 | $ 85,000 | $ 20,000 |
| Raleigh, NC | 1 | $ 70,000 | $ 70,000 | $ 54,000 |
| Valdosta, GA | 1 | $ 61,000 | $ 61,000 | $ 42,000 |
Mortgage Loan Application Detail Totals for Credit Union Financial Services, LLC in 2016
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 | 959 | $142,446,000 | $148,000 | $1,200,000 | $52,000 | $519,000 |
| Refinancing | 327 | $49,043,000 | $149,000 | $583,000 | $63,000 | $687,000 |
| Home Improvement | 9 | $1,118,000 | $124,000 | $212,000 | $60,000 | $157,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 680 | $92,828,000 | $136,000 | $540,000 | $40,000 | $250,000 |
| White | 384 | $64,854,000 | $168,000 | $1,200,000 | $82,000 | $687,000 |
| Black or African American | 178 | $25,638,000 | $144,000 | $417,000 | $52,000 | $239,000 |
| Hispanic | 33 | $4,844,000 | $146,000 | $273,000 | $51,000 | $123,000 |
| Asian | 15 | $3,732,000 | $248,000 | $410,000 | $60,000 | $125,000 |
| American Indian or Alaskan Native | 5 | $711,000 | $142,000 | $187,000 | $36,000 | $72,000 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 693 | $92,578,000 | $133,000 | $349,000 | $39,000 | $189,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 524 | $89,491,000 | $170,000 | $1,200,000 | $77,000 | $687,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 41 | $4,917,000 | $119,000 | $401,000 | $44,000 | $206,000 |
| VA-guaranteed (Veterans Administration) | 37 | $5,621,000 | $151,000 | $405,000 | $48,000 | $130,000 |
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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 449 | $55,420,000 | $123,000 | $540,000 | $29,000 | $206,000 |
| Application Withdrawn By Applicant | 354 | $59,223,000 | $167,000 | $583,000 | $64,000 | $519,000 |
| Loan Originated | 227 | $37,502,000 | $165,000 | $1,200,000 | $84,000 | $687,000 |
| File Closed For Incompleteness | 167 | $24,336,000 | $145,000 | $410,000 | $56,000 | $250,000 |
| Application Approved But Not Accepted | 98 | $16,126,000 | $164,000 | $445,000 | $65,000 | $202,000 |
| 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 | 67 | $8,935,000 | $133,000 | $540,000 | $8,000 | $181,000 |
| Debt-To-Income Ratio | 19 | $2,298,000 | $120,000 | $225,000 | $18,000 | $110,000 |
| Collateral | 8 | $831,000 | $103,000 | $270,000 | $21,000 | $125,000 |
| Other | 6 | $532,000 | $88,000 | $157,000 | $0 | $0 |
| Unverifiable Information | 6 | $925,000 | $154,000 | $223,000 | $9,000 | $57,000 |
| Credit Application Incomplete | 3 | $265,000 | $88,000 | $98,000 | $6,000 | $20,000 |
| Employment History | 2 | $283,000 | $141,000 | $160,000 | $21,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $98,000 | $98,000 | $98,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Credit Union Financial Services, LLC's 2016 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 Credit Union Financial Services, LLC'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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