Fairway Consumer Discount Co Mortgage Lending & HMDA Data, 2020
In 2020, Fairway Consumer Discount Co of Luzerne, PA reported 114 mortgage applications totaling $5.0 million, down 17% from 2019. The average application was for $43,684, and applicants reported an average income of $65,271. 26% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Scranton--Wilkes-Barre--Hazleton, PA (71), Montgomery County-Bucks County-Chester County, PA (10) and Allentown-Bethlehem-Easton, PA-NJ (5) (applications in parentheses).
| Mortgage Company & Address | Fairway Consumer Discount Co 8 Marion St Luzerne, PA 18709 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 114 |
| Total Mortgage Loan Application Amount | $4,980,000 |
| Average Mortgage Loan Application Amount | $43,684 |
| Highest Mortgage Loan Application Amount | $155,000 |
| Average Applicant Income | $65,271 |
| Highest Applicant Income | $300,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fairway Consumer Discount Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Luzerne, Pennsylvania | 45 | $ 1,675,000 | $ 37,222 | $ 63,000 |
| Lackawanna, Pennsylvania | 20 | $ 880,000 | $ 44,000 | $ 63,000 |
| Montgomery, Pennsylvania | 10 | $ 580,000 | $ 58,000 | $ 74,000 |
| Susquehanna, Pennsylvania | 8 | $ 370,000 | $ 46,250 | $ 70,000 |
| Wyoming, Pennsylvania | 6 | $ 240,000 | $ 40,000 | $ 46,000 |
| Pike, Pennsylvania | 5 | $ 175,000 | $ 35,000 | $ 106,000 |
| Monroe, Pennsylvania | 4 | $ 260,000 | $ 65,000 | $ 75,000 |
| Northampton, Pennsylvania | 3 | $ 165,000 | $ 55,000 | $ 52,000 |
| Delaware, Pennsylvania | 2 | $ 110,000 | $ 55,000 | $ 63,000 |
| Northumberland, Pennsylvania | 2 | $ 90,000 | $ 45,000 | $ 47,000 |
| Wayne, Pennsylvania | 2 | $ 40,000 | $ 20,000 | $ 44,000 |
| Berks, Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 52,000 |
| Carbon, Pennsylvania | 1 | $ 25,000 | $ 25,000 | $ 31,000 |
| Clinton, Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 67,000 |
| Cumberland, Pennsylvania | 1 | $ 85,000 | $ 85,000 | $ 131,000 |
| Franklin, Pennsylvania | 1 | $ 115,000 | $ 115,000 | $ 108,000 |
| Lehigh, Pennsylvania | 1 | $ 15,000 | $ 15,000 | $ 46,000 |
| Schuylkill, Pennsylvania | 1 | $ 85,000 | $ 85,000 | $ 0 |
Mortgage Loan Application Detail Totals for Fairway Consumer Discount Co 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 |
|---|---|---|---|---|---|---|
| Other Purpose | 68 | $2,630,000 | $38,000 | $155,000 | $60,000 | $218,000 |
| Cash-out Refinancing | 24 | $1,120,000 | $46,000 | $145,000 | $69,000 | $194,000 |
| Home Purchase | 15 | $905,000 | $60,000 | $115,000 | $68,000 | $163,000 |
| Not Applicable | 5 | $195,000 | $39,000 | $55,000 | $37,000 | $83,000 |
| Refinancing | 2 | $130,000 | $65,000 | $95,000 | $250,000 | $300,000 |
| Home Improvement | 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 | 89 | $3,715,000 | $41,000 | $145,000 | $64,000 | $200,000 |
| Black or African American | 11 | $675,000 | $61,000 | $155,000 | $63,000 | $218,000 |
| Hispanic | 10 | $370,000 | $37,000 | $65,000 | $83,000 | $300,000 |
| Not applicable | 4 | $220,000 | $55,000 | $85,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 114 | $4,980,000 | $43,000 | $155,000 | $66,000 | $300,000 |
| 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 |
|---|---|---|---|---|---|---|
| File Closed For Incompleteness | 33 | $1,335,000 | $40,000 | $155,000 | $62,000 | $164,000 |
| Loan Originated | 30 | $1,370,000 | $45,000 | $115,000 | $61,000 | $194,000 |
| Application Denied By Financial Institution | 21 | $1,025,000 | $48,000 | $145,000 | $77,000 | $300,000 |
| Application Withdrawn By Applicant | 17 | $665,000 | $39,000 | $85,000 | $52,000 | $163,000 |
| Application Approved But Not Accepted | 13 | $585,000 | $45,000 | $155,000 | $90,000 | $218,000 |
| 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 | 93 | $3,955,000 | $42,000 | $155,000 | $63,000 | $218,000 |
| Collateral | 11 | $585,000 | $53,000 | $145,000 | $108,000 | $300,000 |
| Debt-To-Income Ratio | 5 | $215,000 | $43,000 | $95,000 | $24,000 | $28,000 |
| Other | 2 | $90,000 | $45,000 | $55,000 | $43,000 | $48,000 |
| Unverifiable Information | 2 | $90,000 | $45,000 | $55,000 | $70,000 | $74,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $45,000 | $45,000 | $45,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 Fairway Consumer Discount Co'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 Fairway Consumer Discount Co'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 Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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