Credit Union Financial Service Mortgage Lending & HMDA Data, 2004
In 2004, Credit Union Financial Service of Stockbridge, GA reported 427 mortgage applications totaling $54.4 million. The average application was for $127,484, and applicants reported an average income of $69,765. 98% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (307), Savannah, GA (17) and Athens-Clarke County, GA (12) (applications in parentheses).
| Mortgage Company & Address | Credit Union Financial Service 131 Northpark Trail Stockbridge, GA 30281 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 |
| Total Number of Mortgage Applications | 427 |
| Total Mortgage Loan Application Amount | $54,436,000 |
| Average Mortgage Loan Application Amount | $127,484 |
| Highest Mortgage Loan Application Amount | $710,000 |
| Average Applicant Income | $69,765 |
| Highest Applicant Income | $429,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Credit Union Financial Service filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| DeKalb, Georgia | 63 | $ 7,808,000 | $ 123,936 | $ 64,000 |
| Gwinnett, Georgia | 57 | $ 8,309,000 | $ 145,771 | $ 66,000 |
| Fulton, Georgia | 49 | $ 6,212,000 | $ 126,775 | $ 64,000 |
| Henry, Georgia | 21 | $ 2,805,000 | $ 133,571 | $ 69,000 |
| Clayton, Georgia | 20 | $ 2,178,000 | $ 108,900 | $ 55,000 |
| Cobb, Georgia | 20 | $ 3,312,000 | $ 165,600 | $ 81,000 |
| Chatham, Georgia | 15 | $ 1,364,000 | $ 90,933 | $ 63,000 |
| Coweta, Georgia | 13 | $ 2,144,000 | $ 164,923 | $ 79,000 |
| Paulding, Georgia | 11 | $ 1,262,000 | $ 114,727 | $ 64,000 |
| Hall, Georgia | 10 | $ 866,000 | $ 86,600 | $ 57,000 |
| Douglas, Georgia | 8 | $ 1,174,000 | $ 146,750 | $ 89,000 |
| Barrow, Georgia | 7 | $ 867,000 | $ 123,857 | $ 61,000 |
| Rockdale, Georgia | 7 | $ 599,000 | $ 85,571 | $ 44,000 |
| Walton, Georgia | 7 | $ 835,000 | $ 119,285 | $ 58,000 |
| Clarke, Georgia | 6 | $ 749,000 | $ 124,833 | $ 100,000 |
| Hinds, Mississippi | 6 | $ 288,000 | $ 48,000 | $ 74,000 |
| Forsyth, Georgia | 5 | $ 722,000 | $ 144,400 | $ 70,000 |
| Bibb, Georgia | 4 | $ 331,000 | $ 82,750 | $ 44,000 |
| Columbia, Georgia | 4 | $ 521,000 | $ 130,250 | $ 136,000 |
| Dougherty, Georgia | 4 | $ 224,000 | $ 56,000 | $ 72,000 |
| Newton, Georgia | 4 | $ 374,000 | $ 93,500 | $ 50,000 |
| Tift, Georgia | 4 | $ 225,000 | $ 56,250 | $ 53,000 |
| Bartow, Georgia | 3 | $ 239,000 | $ 79,666 | $ 52,000 |
| Bulloch, Georgia | 3 | $ 311,000 | $ 103,666 | $ 66,000 |
| Cherokee, Georgia | 3 | $ 510,000 | $ 170,000 | $ 94,000 |
| Oconee, Georgia | 3 | $ 343,000 | $ 114,333 | $ 63,000 |
| Harris, Texas | 3 | $ 665,000 | $ 221,666 | $ 120,000 |
| Jefferson, Alabama | 2 | $ 181,000 | $ 90,500 | $ 63,000 |
| Bryan, Georgia | 2 | $ 279,000 | $ 139,500 | $ 96,000 |
| Floyd, Georgia | 2 | $ 135,000 | $ 67,500 | $ 75,000 |
| Jackson, Georgia | 2 | $ 153,000 | $ 76,500 | $ 38,000 |
| Jasper, Georgia | 2 | $ 198,000 | $ 99,000 | $ 72,000 |
| Laurens, Georgia | 2 | $ 238,000 | $ 119,000 | $ 42,000 |
| Murray, Georgia | 2 | $ 151,000 | $ 75,500 | $ 28,000 |
| Oglethorpe, Georgia | 2 | $ 247,000 | $ 123,500 | $ 71,000 |
| Pike, Georgia | 2 | $ 678,000 | $ 339,000 | $ 51,000 |
| Richmond, Georgia | 2 | $ 189,000 | $ 94,500 | $ 63,000 |
| Towns, Georgia | 2 | $ 193,000 | $ 96,500 | $ 59,000 |
| Union, Georgia | 2 | $ 384,000 | $ 192,000 | $ 57,000 |
| White, Georgia | 2 | $ 316,000 | $ 158,000 | $ 60,000 |
| Whitfield, Georgia | 2 | $ 175,000 | $ 87,500 | $ 41,000 |
| Marion, Florida | 1 | $ 115,000 | $ 115,000 | $ 77,000 |
| Pinellas, Florida | 1 | $ 30,000 | $ 30,000 | $ 15,000 |
| Santa Rosa, Florida | 1 | $ 388,000 | $ 388,000 | $ 365,000 |
| Volusia, Florida | 1 | $ 98,000 | $ 98,000 | $ 104,000 |
| Camden, Georgia | 1 | $ 120,000 | $ 120,000 | $ 58,000 |
| Carroll, Georgia | 1 | $ 132,000 | $ 132,000 | $ 53,000 |
| Catoosa, Georgia | 1 | $ 95,000 | $ 95,000 | $ 55,000 |
| Chattooga, Georgia | 1 | $ 103,000 | $ 103,000 | $ 62,000 |
| Fannin, Georgia | 1 | $ 72,000 | $ 72,000 | $ 150,000 |
| Fayette, Georgia | 1 | $ 650,000 | $ 650,000 | $ 143,000 |
| Gilmer, Georgia | 1 | $ 92,000 | $ 92,000 | $ 107,000 |
| Glynn, Georgia | 1 | $ 280,000 | $ 280,000 | $ 144,000 |
| Gordon, Georgia | 1 | $ 90,000 | $ 90,000 | $ 47,000 |
| Grady, Georgia | 1 | $ 92,000 | $ 92,000 | $ 67,000 |
| Greene, Georgia | 1 | $ 30,000 | $ 30,000 | $ 69,000 |
| Hancock, Georgia | 1 | $ 130,000 | $ 130,000 | $ 181,000 |
| Haralson, Georgia | 1 | $ 120,000 | $ 120,000 | $ 55,000 |
| Jones, Georgia | 1 | $ 92,000 | $ 92,000 | $ 51,000 |
| Lincoln, Georgia | 1 | $ 50,000 | $ 50,000 | $ 85,000 |
| Madison, Georgia | 1 | $ 58,000 | $ 58,000 | $ 51,000 |
| McDuffie, Georgia | 1 | $ 106,000 | $ 106,000 | $ 35,000 |
| McIntosh, Georgia | 1 | $ 154,000 | $ 154,000 | $ 42,000 |
| Meriwether, Georgia | 1 | $ 192,000 | $ 192,000 | $ 89,000 |
| Monroe, Georgia | 1 | $ 113,000 | $ 113,000 | $ 102,000 |
| Polk, Georgia | 1 | $ 117,000 | $ 117,000 | $ 41,000 |
| Spalding, Georgia | 1 | $ 150,000 | $ 150,000 | $ 65,000 |
| Stephens, Georgia | 1 | $ 160,000 | $ 160,000 | $ 61,000 |
| Sumter, Georgia | 1 | $ 67,000 | $ 67,000 | $ 19,000 |
| Taylor, Georgia | 1 | $ 54,000 | $ 54,000 | $ 83,000 |
| Troup, Georgia | 1 | $ 190,000 | $ 190,000 | $ 126,000 |
| Grafton, New Hampshire | 1 | $ 350,000 | $ 350,000 | $ 148,000 |
| Henry, Ohio | 1 | $ 351,000 | $ 351,000 | $ 220,000 |
| Warren, Ohio | 1 | $ 175,000 | $ 175,000 | $ 102,000 |
| Anderson, South Carolina | 1 | $ 128,000 | $ 128,000 | $ 65,000 |
| Knox, Tennessee | 1 | $ 105,000 | $ 105,000 | $ 74,000 |
| Montgomery, Texas | 1 | $ 141,000 | $ 141,000 | $ 142,000 |
| Chesterfield, Virginia | 1 | $ 35,000 | $ 35,000 | $ 86,000 |
| Manassas, Virginia | 1 | $ 140,000 | $ 140,000 | $ 193,000 |
| Marion, West Virginia | 1 | $ 117,000 | $ 117,000 | $ 122,000 |
Mortgage Loan Application Detail Totals for Credit Union Financial Service 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 |
|---|---|---|---|---|---|---|
| Refinancing | 297 | $37,476,000 | $108,500 | $710,000 | $88,333 | $365,000 |
| Home Purchase | 128 | $16,814,000 | $191,300 | $424,000 | $121,000 | $429,000 |
| Home Improvement | 2 | $146,000 | $73,000 | $77,000 | $55,000 | $65,000 |
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 | 254 | $34,810,000 | $170,400 | $710,000 | $116,600 | $429,000 |
| Black or African American | 142 | $15,467,000 | $99,500 | $269,000 | $59,500 | $194,000 |
| Not Provided | 16 | $2,443,000 | $147,000 | $650,000 | $110,000 | $155,000 |
| Hispanic | 7 | $828,000 | $103,000 | $236,000 | $92,333 | $130,000 |
| Asian | 5 | $511,000 | $102,000 | $130,000 | $37,000 | $61,000 |
| American Indian or Alaskan Native | 2 | $97,000 | $48,000 | $50,000 | $31,000 | $32,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $280,000 | $280,000 | $280,000 | $66,000 | $66,000 |
| 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) | 427 | $54,436,000 | $152,000 | $710,000 | $107,181 | $429,000 |
| 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 | 418 | $52,885,000 | $151,909 | $710,000 | $107,181 | $429,000 |
| Application Denied By Financial Institution | 4 | $406,000 | $101,000 | $166,000 | $50,000 | $75,000 |
| Application Withdrawn By Applicant | 4 | $495,000 | $123,000 | $256,000 | $65,000 | $77,000 |
| File Closed For Incompleteness | 1 | $650,000 | $650,000 | $650,000 | $143,000 | $143,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 1 | $120,000 | $120,000 | $120,000 | $36,000 | $36,000 |
| Employment History | 1 | $47,000 | $47,000 | $47,000 | $16,000 | $16,000 |
| Unverifiable Information | 1 | $73,000 | $73,000 | $73,000 | $75,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Credit Union Financial Service'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 Credit Union Financial Service'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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