Nextmark Federal Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, Nextmark Federal Credit Union of Fairfax, VA reported 468 mortgage applications totaling $91.8 million, down 46% from 2023. The average application was for $196,196, and applicants reported an average income of $227,307. 52% of its applications resulted in an originated loan and 32% were denied. Its largest markets were Arlington-Alexandria-Reston, VA-WV (301), Baltimore-Columbia-Towson, MD (40) and Washington, DC-MD (37) (applications in parentheses).
| Mortgage Company & Address | Nextmark Federal Credit Union 4201 Members Way Fairfax, VA 22030 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 468 |
| Total Mortgage Loan Application Amount | $91,820,000 |
| Average Mortgage Loan Application Amount | $196,196 |
| Highest Mortgage Loan Application Amount | $765,000 |
| Average Applicant Income | $227,307 |
| Highest Applicant Income | $1,913,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Nextmark Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fairfax, Virginia | 127 | $ 26,055,000 | $ 205,157 | $ 241,000 |
| Loudoun, Virginia | 64 | $ 14,230,000 | $ 222,343 | $ 230,000 |
| Prince William, Virginia | 41 | $ 6,485,000 | $ 158,170 | $ 201,000 |
| Montgomery, Maryland | 26 | $ 5,790,000 | $ 222,692 | $ 240,000 |
| District of Columbia, District Of Columbia | 22 | $ 4,400,000 | $ 200,000 | $ 231,000 |
| Howard, Maryland | 16 | $ 4,600,000 | $ 287,500 | $ 279,000 |
| Arlington, Virginia | 13 | $ 3,295,000 | $ 253,461 | $ 437,000 |
| Stafford, Virginia | 13 | $ 1,825,000 | $ 140,384 | $ 211,000 |
| Fauquier, Virginia | 12 | $ 1,550,000 | $ 129,166 | $ 154,000 |
| Anne Arundel, Maryland | 11 | $ 2,175,000 | $ 197,727 | $ 247,000 |
| Spotsylvania, Virginia | 11 | $ 1,545,000 | $ 140,454 | $ 119,000 |
| Prince George's, Maryland | 10 | $ 1,610,000 | $ 161,000 | $ 231,000 |
| Baltimore, Maryland | 8 | $ 1,380,000 | $ 172,500 | $ 166,000 |
| Sussex, Delaware | 5 | $ 375,000 | $ 75,000 | $ 215,000 |
| Charles, Maryland | 5 | $ 315,000 | $ 63,000 | $ 82,000 |
| Frederick, Maryland | 5 | $ 1,455,000 | $ 291,000 | $ 143,000 |
| Albemarle, Virginia | 5 | $ 1,115,000 | $ 223,000 | $ 227,000 |
| Fairfax City, Virginia | 5 | $ 1,145,000 | $ 229,000 | $ 146,000 |
| Alexandria, Virginia | 4 | $ 610,000 | $ 152,500 | $ 299,000 |
| Frederick, Virginia | 4 | $ 580,000 | $ 145,000 | $ 161,000 |
| Henrico, Virginia | 4 | $ 1,110,000 | $ 277,500 | $ 243,000 |
| Carroll, Maryland | 3 | $ 875,000 | $ 291,666 | $ 399,000 |
| Chesterfield, Virginia | 3 | $ 375,000 | $ 125,000 | $ 329,000 |
| Culpeper, Virginia | 3 | $ 355,000 | $ 118,333 | $ 145,000 |
| Richmond City, Virginia | 3 | $ 495,000 | $ 165,000 | $ 160,000 |
| Harford, Maryland | 2 | $ 740,000 | $ 370,000 | $ 250,000 |
| Brunswick, North Carolina | 2 | $ 80,000 | $ 40,000 | $ 154,000 |
| Union, North Carolina | 2 | $ 580,000 | $ 290,000 | $ 281,000 |
| Wake, North Carolina | 2 | $ 780,000 | $ 390,000 | $ 181,000 |
| Caroline, Virginia | 2 | $ 100,000 | $ 50,000 | $ 127,000 |
| Louisa, Virginia | 2 | $ 300,000 | $ 150,000 | $ 210,000 |
| Shenandoah, Virginia | 2 | $ 100,000 | $ 50,000 | $ 67,000 |
| Virginia Beach, Virginia | 2 | $ 300,000 | $ 150,000 | $ 207,000 |
| Warren, Virginia | 2 | $ 270,000 | $ 135,000 | $ 91,000 |
| Winchester, Virginia | 2 | $ 70,000 | $ 35,000 | $ 76,000 |
| Lee, Florida | 1 | $ 105,000 | $ 105,000 | $ 760,000 |
| Pasco, Florida | 1 | $ 185,000 | $ 185,000 | $ 242,000 |
| St. Mary's, Maryland | 1 | $ 55,000 | $ 55,000 | $ 89,000 |
| Worcester, Maryland | 1 | $ 115,000 | $ 115,000 | $ 292,000 |
| Iredell, North Carolina | 1 | $ 495,000 | $ 495,000 | $ 208,000 |
| Johnston, North Carolina | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Mecklenburg, North Carolina | 1 | $ 665,000 | $ 665,000 | $ 28,000 |
| Orange, North Carolina | 1 | $ 255,000 | $ 255,000 | $ 239,000 |
| Huntingdon, Pennsylvania | 1 | $ 185,000 | $ 185,000 | $ 86,000 |
| Charleston, South Carolina | 1 | $ 415,000 | $ 415,000 | $ 250,000 |
| York, South Carolina | 1 | $ 315,000 | $ 315,000 | $ 665,000 |
| Chesapeake, Virginia | 1 | $ 105,000 | $ 105,000 | $ 202,000 |
| Clarke, Virginia | 1 | $ 155,000 | $ 155,000 | $ 323,000 |
| Falls Church, Virginia | 1 | $ 155,000 | $ 155,000 | $ 203,000 |
| Hanover, Virginia | 1 | $ 255,000 | $ 255,000 | $ 211,000 |
| King George, Virginia | 1 | $ 75,000 | $ 75,000 | $ 94,000 |
| Manassas, Virginia | 1 | $ 65,000 | $ 65,000 | $ 239,000 |
| Manassas Park, Virginia | 1 | $ 35,000 | $ 35,000 | $ 49,000 |
| Middlesex, Virginia | 1 | $ 325,000 | $ 325,000 | $ 190,000 |
| Northampton, Virginia | 1 | $ 155,000 | $ 155,000 | $ 456,000 |
| Rappahannock, Virginia | 1 | $ 75,000 | $ 75,000 | $ 231,000 |
| Rockingham, Virginia | 1 | $ 65,000 | $ 65,000 | $ 531,000 |
| Westmoreland, Virginia | 1 | $ 205,000 | $ 205,000 | $ 65,000 |
| Berkeley, West Virginia | 1 | $ 35,000 | $ 35,000 | $ 79,000 |
| Jefferson, West Virginia | 1 | $ 95,000 | $ 95,000 | $ 164,000 |
Mortgage Loan Application Detail Totals for Nextmark Federal Credit Union in 2024
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 225 | $43,625,000 | $193,000 | $765,000 | $219,000 | $1,913,000 |
| Home Improvement | 164 | $32,310,000 | $197,000 | $505,000 | $231,000 | $1,107,000 |
| Home Purchase | 29 | $6,515,000 | $224,000 | $405,000 | $301,000 | $660,000 |
| Other Purpose | 28 | $3,800,000 | $135,000 | $455,000 | $161,000 | $379,000 |
| Refinancing | 22 | $5,570,000 | $253,000 | $505,000 | $272,000 | $705,000 |
| 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 | 230 | $48,570,000 | $211,000 | $665,000 | $233,000 | $969,000 |
| Not Provided | 109 | $19,735,000 | $181,000 | $525,000 | $235,000 | $1,107,000 |
| Asian | 46 | $10,460,000 | $227,000 | $765,000 | $238,000 | $1,913,000 |
| Black or African American | 44 | $7,130,000 | $162,000 | $535,000 | $191,000 | $528,000 |
| Hispanic | 36 | $5,220,000 | $145,000 | $405,000 | $206,000 | $526,000 |
| American Indian or Alaskan Native | 2 | $610,000 | $305,000 | $505,000 | $212,000 | $222,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $95,000 | $95,000 | $95,000 | $152,000 | $152,000 |
| 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) | 468 | $91,820,000 | $196,000 | $765,000 | $228,000 | $1,913,000 |
| 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 | 243 | $42,775,000 | $176,000 | $505,000 | $242,000 | $1,107,000 |
| Application Denied By Financial Institution | 152 | $35,310,000 | $232,000 | $765,000 | $187,000 | $1,913,000 |
| Application Withdrawn By Applicant | 29 | $5,535,000 | $190,000 | $525,000 | $220,000 | $916,000 |
| File Closed For Incompleteness | 25 | $4,415,000 | $176,000 | $405,000 | $285,000 | $969,000 |
| Application Approved But Not Accepted | 19 | $3,785,000 | $199,000 | $335,000 | $294,000 | $705,000 |
| 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 | 316 | $56,510,000 | $178,000 | $525,000 | $247,000 | $1,107,000 |
| Debt-To-Income Ratio | 93 | $23,625,000 | $254,000 | $765,000 | $170,000 | $967,000 |
| Credit History | 42 | $7,560,000 | $180,000 | $505,000 | $163,000 | $600,000 |
| Collateral | 9 | $1,955,000 | $217,000 | $505,000 | $439,000 | $1,913,000 |
| Unverifiable Information | 5 | $1,145,000 | $229,000 | $505,000 | $277,000 | $760,000 |
| Employment History | 3 | $1,025,000 | $341,000 | $535,000 | $152,000 | $276,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nextmark Federal Credit Union's 2024 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 Nextmark 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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