Empower Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2020
Empower Federal Credit Union 2020 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Empower Federal Credit Union 1 Member Way Syracuse, NY 13212 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 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 | 4,947 |
| Total Mortgage Loan Application Amount | $507,735,000 |
| Average Mortgage Loan Application Amount | $99,800 |
| Highest Mortgage Loan Application Amount | $10,005,000 |
| Average Applicant Income | $85,600 |
| Highest Applicant Income | $2,363,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2020 with Empower Federal Credit Union. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Empower Federal Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2020 breaks down Empower Federal Credit Union's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Empower Federal Credit Union serves its applicants.
Each category highlights the total number of mortgage applications processed by Empower Federal Credit Union, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Empower Federal Credit Union's mortgage activity for 2020.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Onondaga County New York | 3,004 | $ 304,640,000 | $ 101,000 | $ 86,000 |
| Oswego County New York | 915 | $ 75,485,000 | $ 82,000 | $ 78,000 |
| Cayuga County New York | 215 | $ 17,255,000 | $ 80,000 | $ 79,000 |
| Madison County New York | 178 | $ 17,990,000 | $ 101,000 | $ 89,000 |
| Erie County New York | 104 | $ 30,470,000 | $ 292,000 | $ 79,000 |
| Oneida County New York | 90 | $ 8,650,000 | $ 96,000 | $ 74,000 |
| Broome County New York | 76 | $ 5,350,000 | $ 70,000 | $ 71,000 |
| Chemung County New York | 41 | $ 2,805,000 | $ 68,000 | $ 71,000 |
| Jefferson County New York | 32 | $ 4,010,000 | $ 125,000 | $ 110,000 |
| Monroe County New York | 31 | $ 2,935,000 | $ 94,000 | $ 86,000 |
| Montgomery County New York | 28 | $ 1,370,000 | $ 48,000 | $ 55,000 |
| Wayne County New York | 27 | $ 2,565,000 | $ 95,000 | $ 73,000 |
| Ontario County New York | 19 | $ 4,565,000 | $ 240,000 | $ 84,000 |
| Cortland County New York | 18 | $ 2,150,000 | $ 119,000 | $ 79,000 |
| Herkimer County New York | 15 | $ 1,555,000 | $ 103,000 | $ 91,000 |
| Steuben County New York | 12 | $ 3,850,000 | $ 320,000 | $ 82,000 |
| St. Lawrence County New York | 10 | $ 810,000 | $ 81,000 | $ 79,000 |
| Chenango County New York | 7 | $ 515,000 | $ 73,000 | $ 81,000 |
| Fulton County New York | 7 | $ 555,000 | $ 79,000 | $ 72,000 |
| Collier County Florida | 5 | $ 1,175,000 | $ 235,000 | $ 92,000 |
| Niagara County New York | 5 | $ 415,000 | $ 83,000 | $ 103,000 |
| Saratoga County New York | 5 | $ 585,000 | $ 117,000 | $ 111,000 |
| Tioga County New York | 4 | $ 410,000 | $ 102,000 | $ 87,000 |
| Tompkins County New York | 4 | $ 380,000 | $ 95,000 | $ 77,000 |
| Wake County North Carolina | 4 | $ 820,000 | $ 205,000 | $ 82,000 |
| Cattaraugus County New York | 3 | $ 335,000 | $ 111,000 | $ 904,000 |
| Lewis County New York | 3 | $ 275,000 | $ 91,000 | $ 80,000 |
| Schoharie County New York | 3 | $ 115,000 | $ 38,000 | $ 76,000 |
| Warren County New York | 3 | $ 395,000 | $ 131,000 | $ 69,000 |
| Mecklenburg County North Carolina | 3 | $ 485,000 | $ 161,000 | $ 107,000 |
| Manatee County Florida | 2 | $ 190,000 | $ 95,000 | $ 75,000 |
| Osceola County Florida | 2 | $ 290,000 | $ 145,000 | $ 123,000 |
| Pinellas County Florida | 2 | $ 370,000 | $ 185,000 | $ 62,000 |
| Sarasota County Florida | 2 | $ 340,000 | $ 170,000 | $ 91,000 |
| Albany County New York | 2 | $ 340,000 | $ 170,000 | $ 105,000 |
| Delaware County New York | 2 | $ 350,000 | $ 175,000 | $ 111,000 |
| Essex County New York | 2 | $ 200,000 | $ 100,000 | $ 79,000 |
| Genesee County New York | 2 | $ 90,000 | $ 45,000 | $ 57,000 |
| Livingston County New York | 2 | $ 260,000 | $ 130,000 | $ 88,000 |
| Schenectady County New York | 2 | $ 390,000 | $ 195,000 | $ 68,000 |
| Seneca County New York | 2 | $ 510,000 | $ 255,000 | $ 69,000 |
| Suffolk County New York | 2 | $ 710,000 | $ 355,000 | $ 175,000 |
| Wyoming County New York | 2 | $ 60,000 | $ 30,000 | $ 47,000 |
| Yates County New York | 2 | $ 270,000 | $ 135,000 | $ 138,000 |
| Allegheny County Pennsylvania | 2 | $ 310,000 | $ 155,000 | $ 44,000 |
| Berks County Pennsylvania | 2 | $ 50,000 | $ 25,000 | $ 119,000 |
| Bradford County Pennsylvania | 2 | $ 280,000 | $ 140,000 | $ 116,000 |
| Northampton County Pennsylvania | 2 | $ 220,000 | $ 110,000 | $ 105,000 |
| Susquehanna County Pennsylvania | 2 | $ 220,000 | $ 110,000 | $ 125,000 |
| Hartford County Connecticut | 1 | $ 175,000 | $ 175,000 | $ 100,000 |
| Broward County Florida | 1 | $ 195,000 | $ 195,000 | $ 49,000 |
| Charlotte County Florida | 1 | $ 275,000 | $ 275,000 | $ 58,000 |
| Clay County Florida | 1 | $ 135,000 | $ 135,000 | $ 34,000 |
| Hillsborough County Florida | 1 | $ 315,000 | $ 315,000 | $ 190,000 |
| Lake County Florida | 1 | $ 165,000 | $ 165,000 | $ 99,000 |
| Lee County Florida | 1 | $ 465,000 | $ 465,000 | $ 322,000 |
| Palm Beach County Florida | 1 | $ 405,000 | $ 405,000 | $ 200,000 |
| St. Lucie County Florida | 1 | $ 275,000 | $ 275,000 | $ 121,000 |
| Sumter County Florida | 1 | $ 155,000 | $ 155,000 | $ 110,000 |
| Allegany County New York | 1 | $ 135,000 | $ 135,000 | $ 112,000 |
| Chautauqua County New York | 1 | $ 635,000 | $ 635,000 | $ 0 |
| Columbia County New York | 1 | $ 175,000 | $ 175,000 | $ 48,000 |
| Franklin County New York | 1 | $ 415,000 | $ 415,000 | $ 211,000 |
| Hamilton County New York | 1 | $ 155,000 | $ 155,000 | $ 78,000 |
| Orange County New York | 1 | $ 115,000 | $ 115,000 | $ 45,000 |
| Orleans County New York | 1 | $ 2,555,000 | $ 2,555,000 | $ 0 |
| Otsego County New York | 1 | $ 25,000 | $ 25,000 | $ 116,000 |
| Rensselaer County New York | 1 | $ 85,000 | $ 85,000 | $ 93,000 |
| Schuyler County New York | 1 | $ 65,000 | $ 65,000 | $ 61,000 |
| Ulster County New York | 1 | $ 195,000 | $ 195,000 | $ 71,000 |
| Washington County New York | 1 | $ 75,000 | $ 75,000 | $ 42,000 |
| Westchester County New York | 1 | $ 65,000 | $ 65,000 | $ 185,000 |
| Alamance County North Carolina | 1 | $ 215,000 | $ 215,000 | $ 110,000 |
| Brunswick County North Carolina | 1 | $ 105,000 | $ 105,000 | $ 125,000 |
| Durham County North Carolina | 1 | $ 65,000 | $ 65,000 | $ 74,000 |
| Gaston County North Carolina | 1 | $ 185,000 | $ 185,000 | $ 84,000 |
| Rowan County North Carolina | 1 | $ 185,000 | $ 185,000 | $ 70,000 |
| Bucks County Pennsylvania | 1 | $ 415,000 | $ 415,000 | $ 137,000 |
| Erie County Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 42,000 |
| Franklin County Pennsylvania | 1 | $ 185,000 | $ 185,000 | $ 125,000 |
| Lancaster County Pennsylvania | 1 | $ 25,000 | $ 25,000 | $ 199,000 |
| Lehigh County Pennsylvania | 1 | $ 85,000 | $ 85,000 | $ 125,000 |
| McKean County Pennsylvania | 1 | $ 25,000 | $ 25,000 | $ 131,000 |
| Monroe County Pennsylvania | 1 | $ 235,000 | $ 235,000 | $ 73,000 |
| Pike County Pennsylvania | 1 | $ 185,000 | $ 185,000 | $ 119,000 |
| Washington County Pennsylvania | 1 | $ 75,000 | $ 75,000 | $ 64,000 |
| Lexington County South Carolina | 1 | $ 5,000 | $ 5,000 | $ 44,000 |
Mortgage Loan Application Detail Totals for Empower Federal Credit Union in 2020
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 | 1,283 | $63,085,000 | $49,000 | $3,005,000 | $83,000 | $510,000 |
| Home Purchase | 1,230 | $162,270,000 | $131,000 | $2,925,000 | $72,000 | $840,000 |
| Refinancing | 999 | $137,865,000 | $138,000 | $5,005,000 | $92,000 | $568,000 |
| Cash-out Refinancing | 942 | $115,310,000 | $122,000 | $10,005,000 | $93,000 | $2,363,000 |
| Other Purpose | 493 | $29,205,000 | $59,000 | $1,705,000 | $88,000 | $414,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 4,226 | $394,860,000 | $93,000 | $765,000 | $87,000 | $2,363,000 |
| Black or African American | 262 | $18,420,000 | $70,000 | $375,000 | $59,000 | $440,000 |
| Not Provided | 189 | $20,425,000 | $108,000 | $365,000 | $81,000 | $360,000 |
| Hispanic | 117 | $10,225,000 | $87,000 | $465,000 | $68,000 | $300,000 |
| Asian | 71 | $7,365,000 | $103,000 | $305,000 | $69,000 | $338,000 |
| Not applicable | 36 | $52,090,000 | $1,446,000 | $10,005,000 | $0 | $0 |
| American Indian or Alaskan Native | 32 | $2,570,000 | $80,000 | $295,000 | $68,000 | $222,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $910,000 | $113,000 | $245,000 | $97,000 | $210,000 |
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) | 4,947 | $507,735,000 | $102,000 | $10,005,000 | $84,000 | $2,363,000 |
| 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 | 3,447 | $375,745,000 | $109,000 | $10,005,000 | $87,000 | $610,000 |
| Application Denied By Financial Institution | 645 | $47,235,000 | $73,000 | $585,000 | $63,000 | $2,363,000 |
| Application Withdrawn By Applicant | 521 | $55,325,000 | $106,000 | $3,005,000 | $92,000 | $840,000 |
| File Closed For Incompleteness | 287 | $22,925,000 | $79,000 | $435,000 | $84,000 | $510,000 |
| Application Approved But Not Accepted | 47 | $6,505,000 | $138,000 | $1,725,000 | $87,000 | $257,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 4,302 | $460,500,000 | $107,000 | $10,005,000 | $88,000 | $840,000 |
| Credit History | 264 | $16,860,000 | $63,000 | $585,000 | $61,000 | $360,000 |
| Debt-To-Income Ratio | 175 | $16,545,000 | $94,000 | $405,000 | $43,000 | $170,000 |
| Collateral | 161 | $9,685,000 | $60,000 | $265,000 | $86,000 | $2,363,000 |
| Employment History | 18 | $1,590,000 | $88,000 | $225,000 | $35,000 | $212,000 |
| Other | 11 | $675,000 | $61,000 | $195,000 | $97,000 | $292,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $1,135,000 | $162,000 | $225,000 | $82,000 | $121,000 |
| Unverifiable Information | 6 | $480,000 | $80,000 | $165,000 | $13,000 | $50,000 |
| Credit Application Incomplete | 2 | $150,000 | $75,000 | $85,000 | $124,000 | $147,000 |
| Mortgage Insurance Denied | 1 | $115,000 | $115,000 | $115,000 | $55,000 | $55,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Empower Federal Credit Union's 2020 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 Empower Federal 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 New York, download the full spreadsheet
with aggregated HMDA statistics today.