Entrust Financial Credit Union Mortgage Lending & HMDA Data, 2018
In 2018, Entrust Financial Credit Union of Richmond, VA reported 19 mortgage applications totaling $1.1 million, up 280% from 2017. The average application was for $56,052, and applicants reported an average income of $92,000. 63% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Richmond, VA (17) and Virginia Beach-Norfolk-Newport News, VA-NC (1).
| Mortgage Company & Address | Entrust Financial Credit Union 1801 Dabney Road Richmond, VA 23230 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 19 |
| Total Mortgage Loan Application Amount | $1,065,000 |
| Average Mortgage Loan Application Amount | $56,052 |
| Highest Mortgage Loan Application Amount | $125,000 |
| Average Applicant Income | $92,000 |
| Highest Applicant Income | $191,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Entrust Financial Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Entrust Financial Credit Union in 2018
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 19 | $1,065,000 | $56,000 | $125,000 | $92,000 | $191,000 |
| Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Purchase | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 9 | $515,000 | $57,000 | $125,000 | $106,000 | $191,000 |
| Not Provided | 6 | $290,000 | $48,000 | $85,000 | $107,000 | $157,000 |
| Black or African American | 4 | $260,000 | $65,000 | $105,000 | $41,000 | $56,000 |
| Hispanic | 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 |
| 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) | 19 | $1,065,000 | $56,000 | $125,000 | $92,000 | $191,000 |
| 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 | 12 | $660,000 | $55,000 | $125,000 | $92,000 | $141,000 |
| Application Denied By Financial Institution | 4 | $220,000 | $55,000 | $105,000 | $86,000 | $191,000 |
| Application Withdrawn By Applicant | 2 | $100,000 | $50,000 | $75,000 | $76,000 | $96,000 |
| File Closed For Incompleteness | 1 | $85,000 | $85,000 | $85,000 | $157,000 | $157,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 15 | $845,000 | $56,000 | $125,000 | $94,000 | $157,000 |
| Credit Application Incomplete | 2 | $180,000 | $90,000 | $105,000 | $53,000 | $77,000 |
| Other | 1 | $25,000 | $25,000 | $25,000 | $50,000 | $50,000 |
| Collateral | 1 | $15,000 | $15,000 | $15,000 | $191,000 | $191,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 Entrust Financial Credit Union's 2018 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 Financial 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 Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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