Direct Federal Credit Union
Mortgage Loan Application
Totals and Details
for 2019

Find mortgage loan statistics, lending data, and loan application totals for Massachusetts.
The mortgage statistics and data below are specific to mortgage loan applications for Direct Federal Credit Union.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2022.

Mortgage Company & Address Direct Federal Credit Union
50 Cabot Street
Needham, MA 02494
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 393
Total Mortgage Loan Application Amount $141,035,000
Average Mortgage Loan Application Amount $340,666
Highest Mortgage Loan Application Amount $1,525,000
Average Applicant Income $184,833
Highest Applicant Income $1,200,000

Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in MA, the totals and averages will help you understand where the lender does business as well as the volume of business they do.

Mortgage Loan Application Totals for Direct Federal Credit Union by County in 2019

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Norfolk County Massachusetts 122 $ 46,900,000 $ 384,000 $ 168,000
Middlesex County Massachusetts 94 $ 36,830,000 $ 391,000 $ 173,000
Plymouth County Massachusetts 33 $ 11,535,000 $ 349,000 $ 145,000
Bristol County Massachusetts 28 $ 9,280,000 $ 331,000 $ 149,000
Suffolk County Massachusetts 26 $ 7,650,000 $ 294,000 $ 158,000
Essex County Massachusetts 25 $ 9,215,000 $ 368,000 $ 172,000
Worcester County Massachusetts 20 $ 5,630,000 $ 281,000 $ 170,000
Barnstable County Massachusetts 13 $ 3,005,000 $ 231,000 $ 172,000
Rockingham County New Hampshire 2 $ 520,000 $ 260,000 $ 119,000
Kent County Rhode Island 2 $ 710,000 $ 355,000 $ 166,000
Providence County Rhode Island 2 $ 430,000 $ 215,000 $ 88,000
Belknap County New Hampshire 1 $ 65,000 $ 65,000 $ 60,000
Hillsborough County New Hampshire 1 $ 225,000 $ 225,000 $ 130,000
Allegheny County Pennsylvania 1 $ 95,000 $ 95,000 $ 79,000
Bristol County Rhode Island 1 $ 155,000 $ 155,000 $ 174,000
Newport County Rhode Island 1 $ 1,045,000 $ 1,045,000 $ 797,000
Washington County Vermont 1 $ 195,000 $ 195,000 $ 67,000

The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Massachusetts, and search the same numbers and information back through 2003.

Mortgage Loan Application Detail Totals for Direct Federal Credit Union in 2019

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
Cash-out Refinancing 175 $63,285,000 $361,000 $1,505,000 $163,000 $1,200,000
Home Purchase 105 $39,745,000 $378,000 $1,045,000 $149,000 $797,000
Refinancing 104 $36,610,000 $352,000 $1,525,000 $175,000 $849,000
Other Purpose 7 $515,000 $73,000 $135,000 $115,000 $178,000
Not Applicable 1 $55,000 $55,000 $55,000 $202,000 $202,000
Home Improvement 1 $825,000 $825,000 $825,000 $305,000 $305,000

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 288 $103,160,000 $358,000 $1,525,000 $162,000 $849,000
Not Provided 57 $18,915,000 $331,000 $895,000 $166,000 $630,000
Hispanic 17 $6,435,000 $378,000 $1,505,000 $184,000 $1,200,000
Black or African American 16 $5,330,000 $333,000 $775,000 $124,000 $238,000
Asian 13 $5,455,000 $419,000 $715,000 $153,000 $300,000
American Indian or Alaskan Native 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

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) 392 $140,940,000 $359,000 $1,525,000 $162,000 $1,200,000
FHA-insured (Federal Housing Administration) 1 $95,000 $95,000 $95,000 $79,000 $79,000
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 259 $94,375,000 $364,000 $1,525,000 $170,000 $849,000
Application Approved But Not Accepted 85 $29,185,000 $343,000 $805,000 $159,000 $380,000
Application Denied By Financial Institution 37 $12,795,000 $345,000 $875,000 $98,000 $276,000
Application Withdrawn By Applicant 10 $4,230,000 $423,000 $1,505,000 $237,000 $1,200,000
File Closed For Incompleteness 2 $450,000 $225,000 $285,000 $91,000 $162,000
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
Debt-To-Income Ratio 393 $141,035,000 $358,000 $1,525,000 $162,000 $1,200,000
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0

These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in MA, and gives you an idea of what the best mortgage lenders really are.

If you prefer, you can download a copy of the entire list of mortgage lenders in Massachusetts, and search similar information at your convenience.

Download the Massachusetts Lender List