Doco Credit Union Mortgage Lending & HMDA Data, 2013
In 2013, Doco Credit Union of Albany, GA reported 148 mortgage applications totaling $6.2 million, up 97% from 2012. The average application was for $41,574, and applicants reported an average income of $47,459. 86% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Albany, GA (35), Atlanta-Sandy Springs-Marietta, GA (3) and Valdosta, GA (2) (applications in parentheses).
| Mortgage Company & Address | Doco Credit Union 107 N. Westover Blvd Albany, GA 31707 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 148 |
| Total Mortgage Loan Application Amount | $6,153,000 |
| Average Mortgage Loan Application Amount | $41,574 |
| Highest Mortgage Loan Application Amount | $361,000 |
| Average Applicant Income | $47,459 |
| Highest Applicant Income | $177,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Doco Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Doco Credit Union in 2013
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 | 101 | $755,000 | $7,000 | $177,000 | $42,000 | $136,000 |
| Refinancing | 30 | $2,582,000 | $86,000 | $345,000 | $44,000 | $112,000 |
| Home Purchase | 17 | $2,816,000 | $165,000 | $361,000 | $86,000 | $177,000 |
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 |
|---|---|---|---|---|---|---|
| Black or African American | 73 | $659,000 | $9,000 | $152,000 | $43,000 | $136,000 |
| White | 64 | $4,793,000 | $74,000 | $361,000 | $50,000 | $177,000 |
| Not Provided | 5 | $31,000 | $6,000 | $10,000 | $43,000 | $100,000 |
| American Indian or Alaskan Native | 3 | $518,000 | $172,000 | $345,000 | $112,000 | $118,000 |
| Asian | 1 | $100,000 | $100,000 | $100,000 | $40,000 | $40,000 |
| Hispanic | 1 | $15,000 | $15,000 | $15,000 | $78,000 | $78,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $37,000 | $37,000 | $37,000 | $56,000 | $56,000 |
| 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) | 148 | $6,153,000 | $41,000 | $361,000 | $48,000 | $177,000 |
| 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 | 128 | $6,003,000 | $46,000 | $361,000 | $51,000 | $177,000 |
| Application Denied By Financial Institution | 17 | $141,000 | $8,000 | $26,000 | $24,000 | $90,000 |
| Application Withdrawn By Applicant | 3 | $9,000 | $3,000 | $4,000 | $47,000 | $84,000 |
| 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 | 16 | $136,000 | $8,000 | $26,000 | $24,000 | $90,000 |
| Other | 1 | $5,000 | $5,000 | $5,000 | $24,000 | $24,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Doco Credit Union's 2013 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 Doco 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.
For a list of all lenders in Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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