Dm Federal Credit Unio Mortgage Lending & HMDA Data, 2004
In 2004, Dm Federal Credit Unio of Tucson, AZ reported 1,596 mortgage applications totaling $75.8 million, up 17% from 2003. The average application was for $47,507, and applicants reported an average income of $74,793. 63% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Tucson, AZ (1,254), Phoenix-Mesa-Scottsdale, AZ (112) and Prescott, AZ (3) (applications in parentheses).
| Mortgage Company & Address | Dm Federal Credit Unio P O Box 15115 Tucson, AZ 85708 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,596 |
| Total Mortgage Loan Application Amount | $75,822,000 |
| Average Mortgage Loan Application Amount | $47,507 |
| Highest Mortgage Loan Application Amount | $665,000 |
| Average Applicant Income | $74,793 |
| Highest Applicant Income | $1,300,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Dm Federal Credit Unio filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Pima, Arizona | 1,254 | $ 57,103,000 | $ 45,536 | $ 68,000 |
| Maricopa, Arizona | 81 | $ 4,220,000 | $ 52,098 | $ 73,000 |
| Pinal, Arizona | 31 | $ 1,473,000 | $ 47,516 | $ 62,000 |
| Yavapai, Arizona | 3 | $ 129,000 | $ 43,000 | $ 77,000 |
| Cochise, Arizona | 2 | $ 60,000 | $ 30,000 | $ 73,000 |
| Coconino, Arizona | 1 | $ 34,000 | $ 34,000 | $ 52,000 |
| Gila, Arizona | 1 | $ 35,000 | $ 35,000 | $ 65,000 |
| Graham, Arizona | 1 | $ 12,000 | $ 12,000 | $ 59,000 |
| Santa Cruz, Arizona | 1 | $ 30,000 | $ 30,000 | $ 107,000 |
Mortgage Loan Application Detail Totals for Dm Federal Credit Unio 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 | 1,324 | $48,169,000 | $27,000 | $600,000 | $69,500 | $1,300,000 |
| Refinancing | 147 | $13,159,000 | $85,000 | $374,000 | $60,000 | $715,000 |
| Home Purchase | 125 | $14,494,000 | $112,000 | $665,000 | $46,000 | $169,000 |
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 | 1,073 | $50,951,000 | $66,000 | $665,000 | $62,500 | $1,300,000 |
| Hispanic | 329 | $18,123,000 | $72,000 | $328,000 | $53,500 | $650,000 |
| Not Provided | 159 | $3,508,000 | $24,500 | $450,000 | $68,000 | $190,000 |
| Asian | 16 | $1,699,000 | $119,000 | $374,000 | $53,500 | $168,000 |
| Black or African American | 12 | $1,081,000 | $114,000 | $315,000 | $49,000 | $129,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $279,000 | $69,000 | $170,000 | $59,000 | $77,000 |
| American Indian or Alaskan Native | 3 | $181,000 | $68,000 | $91,000 | $36,000 | $42,000 |
| 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) | 1,590 | $74,908,000 | $50,000 | $665,000 | $58,500 | $1,300,000 |
| VA-guaranteed (Veterans Administration) | 6 | $914,000 | $139,000 | $222,000 | $35,000 | $74,000 |
| 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 |
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 | 1,012 | $36,982,000 | $28,000 | $252,000 | $67,000 | $320,000 |
| Application Withdrawn By Applicant | 325 | $13,354,000 | $34,000 | $600,000 | $59,000 | $1,300,000 |
| Application Denied By Financial Institution | 226 | $24,169,000 | $109,500 | $665,000 | $55,000 | $715,000 |
| Application Approved But Not Accepted | 31 | $1,257,000 | $35,000 | $120,000 | $66,000 | $178,000 |
| File Closed For Incompleteness | 2 | $60,000 | $30,000 | $30,000 | $82,000 | $110,000 |
| 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 | 96 | $11,910,000 | $125,000 | $665,000 | $48,000 | $168,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 52 | $6,230,000 | $119,000 | $450,000 | $42,500 | $95,000 |
| Debt-To-Income Ratio | 18 | $2,093,000 | $118,500 | $315,000 | $43,000 | $105,000 |
| Collateral | 15 | $1,320,000 | $62,000 | $158,000 | $51,500 | $169,000 |
| Other | 7 | $590,000 | $89,500 | $155,000 | $50,000 | $129,000 |
| Employment History | 5 | $547,000 | $95,000 | $133,000 | $37,500 | $63,000 |
| Unverifiable Information | 3 | $151,000 | $50,500 | $80,000 | $35,000 | $53,000 |
| Credit Application Incomplete | 2 | $244,000 | $122,000 | $138,000 | $54,000 | $58,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Dm Federal Credit Unio'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 Dm Federal Credit Unio'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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