Entrust Federal Credit Union Mortgage Lending & HMDA Data, 2005
In 2005, Entrust Federal Credit Union of Richmond, VA reported 66 mortgage applications totaling $5.3 million, up 40% from 2004. The average application was for $80,196, and applicants reported an average income of $56,803. 83% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Richmond, VA (37), Fort Worth-Arlington, TX (2) and Little Rock-North Little Rock, AR (2) (applications in parentheses).
| Mortgage Company & Address | Entrust Federal Credit Union 1801 Dabney Road Richmond, VA 23230 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 66 |
| Total Mortgage Loan Application Amount | $5,293,000 |
| Average Mortgage Loan Application Amount | $80,196 |
| Highest Mortgage Loan Application Amount | $349,000 |
| Average Applicant Income | $56,803 |
| Highest Applicant Income | $146,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Entrust Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Richmond, VA | 37 | $ 2,401,000 | $ 64,891 | $ 57,000 |
| Fort Worth-Arlington, TX | 2 | $ 116,000 | $ 58,000 | $ 94,000 |
| Little Rock-North Little Rock, AR | 2 | $ 53,000 | $ 26,500 | $ 47,000 |
| Memphis, TN-MS-AR | 2 | $ 233,000 | $ 116,500 | $ 40,000 |
| Orlando, FL | 2 | $ 95,000 | $ 47,500 | $ 52,000 |
| Raleigh-Cary, NC | 2 | $ 134,000 | $ 67,000 | $ 77,000 |
| Asheville, NC | 1 | $ 120,000 | $ 120,000 | $ 49,000 |
| Charleston-North Charleston, SC | 1 | $ 146,000 | $ 146,000 | $ 42,000 |
| Dover, DE | 1 | $ 42,000 | $ 42,000 | $ 64,000 |
| Indianapolis, IN | 1 | $ 46,000 | $ 46,000 | $ 68,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 32,000 | $ 32,000 | $ 30,000 |
| Montgomery, AL | 1 | $ 28,000 | $ 28,000 | $ 37,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 90,000 | $ 90,000 | $ 28,000 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 70,000 | $ 70,000 | $ 40,000 |
Mortgage Loan Application Detail Totals for Entrust Federal Credit Union in 2005
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 | 39 | $1,680,000 | $40,222 | $95,000 | $58,666 | $146,000 |
| Home Purchase | 19 | $2,406,000 | $125,181 | $196,000 | $52,454 | $135,000 |
| Refinancing | 8 | $1,207,000 | $122,500 | $349,000 | $70,500 | $120,000 |
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 | 48 | $3,956,000 | $89,769 | $196,000 | $55,769 | $146,000 |
| Not Provided | 12 | $1,043,000 | $67,800 | $349,000 | $47,800 | $120,000 |
| Black or African American | 4 | $213,000 | $44,500 | $95,000 | $31,500 | $37,000 |
| Hispanic | 2 | $81,000 | $40,000 | $51,000 | $63,000 | $75,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 66 | $5,293,000 | $83,000 | $349,000 | $53,000 | $146,000 |
| 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 | 55 | $3,967,000 | $80,428 | $196,000 | $53,071 | $146,000 |
| Application Withdrawn By Applicant | 7 | $907,000 | $104,500 | $349,000 | $53,000 | $120,000 |
| Application Denied By Financial Institution | 2 | $89,000 | $44,500 | $52,000 | $54,500 | $75,000 |
| File Closed For Incompleteness | 1 | $150,000 | $150,000 | $150,000 | $92,000 | $92,000 |
| Preapproval Approved but not Accepted | 1 | $180,000 | $180,000 | $180,000 | $55,000 | $55,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 2 | $89,000 | $44,500 | $52,000 | $54,500 | $75,000 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Entrust Federal Credit Union's 2005 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 Entrust 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.
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with aggregated HMDA statistics today.
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