Freedom Credit Uniton Mortgage Lending & HMDA Data, 2022
In 2022, Freedom Credit Uniton of Warminster, PA reported 742 mortgage applications totaling $115.4 million, down 22% from 2021. The average application was for $155,471, and applicants reported an average income of $131,725. 62% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (336), Philadelphia, PA (262) and Camden, NJ (38) (applications in parentheses).
| Mortgage Company & Address | Freedom Credit Uniton 626 Jacksonville Road #250 Warminster, PA 18974 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 742 |
| Total Mortgage Loan Application Amount | $115,360,000 |
| Average Mortgage Loan Application Amount | $155,471 |
| Highest Mortgage Loan Application Amount | $1,065,000 |
| Average Applicant Income | $131,725 |
| Highest Applicant Income | $2,606,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Freedom Credit Uniton filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Montgomery County-Bucks County-Chester County, PA | 336 | $ 63,800,000 | $ 189,880 | $ 145,000 |
| Philadelphia, PA | 262 | $ 22,870,000 | $ 87,290 | $ 116,000 |
| Camden, NJ | 38 | $ 4,570,000 | $ 120,263 | $ 127,000 |
| Ocean City, NJ | 18 | $ 5,760,000 | $ 320,000 | $ 125,000 |
| New York-Newark, NY | 15 | $ 5,285,000 | $ 352,333 | $ 311,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 10 | $ 1,270,000 | $ 127,000 | $ 87,000 |
| Wilmington, DE-MD-NJ | 10 | $ 880,000 | $ 88,000 | $ 96,000 |
| Atlantic City-Hammonton, NJ | 8 | $ 3,210,000 | $ 401,250 | $ 124,000 |
| Outside any metro area | 8 | $ 860,000 | $ 107,500 | $ 56,000 |
| Pittsburgh, PA | 4 | $ 380,000 | $ 95,000 | $ 81,000 |
| Newark, NJ-PA | 3 | $ 1,025,000 | $ 341,666 | $ 87,000 |
| Reading, PA | 3 | $ 435,000 | $ 145,000 | $ 141,000 |
| East Stroudsburg, PA | 2 | $ 310,000 | $ 155,000 | $ 58,000 |
| Harrisburg-Carlisle, PA | 2 | $ 250,000 | $ 125,000 | $ 84,000 |
| Lancaster, PA | 2 | $ 420,000 | $ 210,000 | $ 0 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 1,200,000 | $ 600,000 | $ 120,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 2 | $ 400,000 | $ 200,000 | $ 111,000 |
| Trenton, NJ | 2 | $ 290,000 | $ 145,000 | $ 125,000 |
| York-Hanover, PA | 2 | $ 680,000 | $ 340,000 | $ 146,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 65,000 | $ 65,000 | $ 42,000 |
| Chambersburg-Waynesboro, PA | 1 | $ 25,000 | $ 25,000 | $ 59,000 |
| Columbus, OH | 1 | $ 35,000 | $ 35,000 | $ 168,000 |
| Dover, DE | 1 | $ 25,000 | $ 25,000 | $ 66,000 |
| Fort Wayne, IN | 1 | $ 155,000 | $ 155,000 | $ 96,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 35,000 | $ 35,000 | $ 270,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 65,000 | $ 65,000 | $ 97,000 |
| Provo-Orem, UT | 1 | $ 105,000 | $ 105,000 | $ 236,000 |
| Raleigh, NC | 1 | $ 15,000 | $ 15,000 | $ 66,000 |
| Salisbury, MD-DE | 1 | $ 505,000 | $ 505,000 | $ 0 |
| Springfield, MA | 1 | $ 155,000 | $ 155,000 | $ 127,000 |
| Vineland-Bridgeton, NJ | 1 | $ 25,000 | $ 25,000 | $ 63,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 255,000 | $ 255,000 | $ 192,000 |
Mortgage Loan Application Detail Totals for Freedom Credit Uniton in 2022
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 | 269 | $19,745,000 | $73,000 | $895,000 | $138,000 | $2,606,000 |
| Home Purchase | 152 | $53,790,000 | $353,000 | $1,065,000 | $151,000 | $636,000 |
| Other Purpose | 122 | $7,320,000 | $60,000 | $255,000 | $110,000 | $298,000 |
| Refinancing | 106 | $15,040,000 | $141,000 | $565,000 | $141,000 | $1,854,000 |
| Cash-out Refinancing | 93 | $19,465,000 | $209,000 | $645,000 | $100,000 | $252,000 |
| 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 | 283 | $29,355,000 | $103,000 | $515,000 | $130,000 | $636,000 |
| Black or African American | 150 | $14,550,000 | $97,000 | $395,000 | $110,000 | $1,980,000 |
| Not applicable | 134 | $52,500,000 | $391,000 | $1,065,000 | $0 | $0 |
| Not Provided | 133 | $13,235,000 | $99,000 | $645,000 | $128,000 | $1,524,000 |
| Hispanic | 24 | $3,170,000 | $132,000 | $895,000 | $109,000 | $585,000 |
| Asian | 10 | $1,310,000 | $131,000 | $255,000 | $410,000 | $2,606,000 |
| American Indian or Alaskan Native | 4 | $320,000 | $80,000 | $105,000 | $171,000 | $190,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 742 | $115,360,000 | $155,000 | $1,065,000 | $129,000 | $2,606,000 |
| 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 | 460 | $44,690,000 | $97,000 | $645,000 | $119,000 | $490,000 |
| Loan Purchased By The Institution | 134 | $52,500,000 | $391,000 | $1,065,000 | $0 | $0 |
| Application Denied By Financial Institution | 99 | $9,125,000 | $92,000 | $565,000 | $123,000 | $1,854,000 |
| Application Withdrawn By Applicant | 41 | $7,665,000 | $186,000 | $895,000 | $251,000 | $2,606,000 |
| File Closed For Incompleteness | 8 | $1,380,000 | $172,000 | $355,000 | $120,000 | $309,000 |
| Application Approved But Not Accepted | 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 | 643 | $106,235,000 | $165,000 | $1,065,000 | $130,000 | $2,606,000 |
| Other | 48 | $2,780,000 | $57,000 | $255,000 | $85,000 | $300,000 |
| Credit History | 19 | $2,705,000 | $142,000 | $485,000 | $208,000 | $1,854,000 |
| Debt-To-Income Ratio | 17 | $1,755,000 | $103,000 | $225,000 | $61,000 | $200,000 |
| Collateral | 12 | $1,650,000 | $137,000 | $565,000 | $246,000 | $636,000 |
| Employment History | 2 | $150,000 | $75,000 | $75,000 | $37,000 | $38,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $85,000 | $85,000 | $85,000 | $101,000 | $101,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Freedom Credit Uniton's 2022 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 Freedom Credit Uniton'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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