Greenwood Credit Union Mortgage Lending & HMDA Data, 2023

In 2023, Greenwood Credit Union of Warwick, RI reported 1,375 mortgage applications totaling $146.5 million, down 16% from 2022. The average application was for $106,534, and applicants reported an average income of $91,667. 49% of its applications resulted in an originated loan and 38% were denied. Its largest markets were Providence-Warwick, RI-MA (560), Phoenix-Mesa-Scottsdale, AZ (67) and New York-Newark, NY (60) (applications in parentheses).

Mortgage Company & Address Greenwood Credit Union
2669 Post Road
Warwick, RI 02886
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  2003  
Total Number of Mortgage Applications 1,375
Total Mortgage Loan Application Amount $146,485,000
Average Mortgage Loan Application Amount $106,534
Highest Mortgage Loan Application Amount $1,285,000
Average Applicant Income $91,667
Highest Applicant Income $1,219,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Greenwood Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Greenwood Credit Union by County in 2023

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Kent, Rhode Island 250 $ 28,050,000 $ 112,200 $ 104,000
Providence, Rhode Island 213 $ 29,005,000 $ 136,173 $ 107,000
Washington, Rhode Island 53 $ 7,035,000 $ 132,735 $ 115,000
Maricopa, Arizona 50 $ 3,820,000 $ 76,400 $ 75,000
Sussex, Delaware 29 $ 3,945,000 $ 136,034 $ 146,000
Bristol, Massachusetts 29 $ 3,835,000 $ 132,241 $ 101,000
New London, Connecticut 22 $ 1,480,000 $ 67,272 $ 73,000
Ottawa, Michigan 21 $ 1,525,000 $ 72,619 $ 68,000
Macomb, Michigan 20 $ 1,080,000 $ 54,000 $ 56,000
Saratoga, New York 20 $ 1,120,000 $ 56,000 $ 58,000
Pinal, Arizona 17 $ 1,705,000 $ 100,294 $ 70,000
Dutchess, New York 17 $ 2,035,000 $ 119,705 $ 81,000
Wayne, Michigan 15 $ 725,000 $ 48,333 $ 52,000
Suffolk, New York 15 $ 2,335,000 $ 155,666 $ 95,000
Hartford, Connecticut 14 $ 2,120,000 $ 151,428 $ 95,000
Middlesex, New Jersey 13 $ 1,315,000 $ 101,153 $ 71,000
Newport, Rhode Island 13 $ 2,215,000 $ 170,384 $ 150,000
Pima, Arizona 12 $ 770,000 $ 64,166 $ 73,000
Windham, Connecticut 12 $ 870,000 $ 72,500 $ 79,000
Martin, Florida 12 $ 2,660,000 $ 221,666 $ 274,000
Yavapai, Arizona 11 $ 905,000 $ 82,272 $ 67,000
Plymouth, Massachusetts 11 $ 1,535,000 $ 139,545 $ 131,000
Monmouth, New Jersey 11 $ 1,255,000 $ 114,090 $ 84,000
Berkshire, Massachusetts 10 $ 590,000 $ 59,000 $ 50,000
Rockingham, New Hampshire 10 $ 1,030,000 $ 103,000 $ 100,000
Ocean, New Jersey 10 $ 980,000 $ 98,000 $ 79,000
New Haven, Connecticut 9 $ 1,035,000 $ 115,000 $ 104,000
Hampden, Massachusetts 9 $ 845,000 $ 93,888 $ 91,000
Worcester, Massachusetts 9 $ 785,000 $ 87,222 $ 62,000
Lapeer, Michigan 9 $ 745,000 $ 82,777 $ 69,000
Livingston, Michigan 9 $ 745,000 $ 82,777 $ 80,000
Oakland, Michigan 9 $ 705,000 $ 78,333 $ 84,000
Erie, New York 9 $ 345,000 $ 38,333 $ 66,000
Orange, New York 9 $ 885,000 $ 98,333 $ 76,000
Polk, Florida 8 $ 890,000 $ 111,250 $ 86,000
Kent, Michigan 8 $ 460,000 $ 57,500 $ 49,000
Atlantic, New Jersey 8 $ 670,000 $ 83,750 $ 52,000
Yuma, Arizona 7 $ 695,000 $ 99,285 $ 84,000
Duval, Florida 7 $ 475,000 $ 67,857 $ 48,000
Miami-Dade, Florida 7 $ 1,255,000 $ 179,285 $ 195,000
Volusia, Florida 7 $ 565,000 $ 80,714 $ 96,000
Middlesex, Massachusetts 7 $ 925,000 $ 132,142 $ 143,000
Merrimack, New Hampshire 7 $ 665,000 $ 95,000 $ 73,000
Strafford, New Hampshire 7 $ 625,000 $ 89,285 $ 63,000
Burlington, New Jersey 7 $ 575,000 $ 82,142 $ 54,000
Ulster, New York 7 $ 525,000 $ 75,000 $ 55,000
Tolland, Connecticut 6 $ 410,000 $ 68,333 $ 59,000
Pasco, Florida 6 $ 390,000 $ 65,000 $ 70,000
Allegan, Michigan 6 $ 500,000 $ 83,333 $ 69,000
Gloucester, New Jersey 6 $ 490,000 $ 81,666 $ 69,000
Oneida, New York 6 $ 460,000 $ 76,666 $ 79,000
Rockland, New York 6 $ 400,000 $ 66,666 $ 68,000
Horry, South Carolina 6 $ 590,000 $ 98,333 $ 94,000
Marion, Florida 5 $ 235,000 $ 47,000 $ 57,000
Orange, Florida 5 $ 475,000 $ 95,000 $ 96,000
Seminole, Florida 5 $ 545,000 $ 109,000 $ 92,000
Essex, Massachusetts 5 $ 845,000 $ 169,000 $ 115,000
Hillsborough, New Hampshire 5 $ 495,000 $ 99,000 $ 73,000
Chester, Pennsylvania 5 $ 335,000 $ 67,000 $ 65,000
King, Washington 5 $ 615,000 $ 123,000 $ 82,000
Charlotte, Florida 4 $ 710,000 $ 177,500 $ 101,000
Lake, Florida 4 $ 480,000 $ 120,000 $ 154,000
Monroe, Florida 4 $ 1,830,000 $ 457,500 $ 411,000
Norfolk, Massachusetts 4 $ 960,000 $ 240,000 $ 150,000
Barry, Michigan 4 $ 260,000 $ 65,000 $ 72,000
Manistee, Michigan 4 $ 440,000 $ 110,000 $ 111,000
Monroe, Michigan 4 $ 150,000 $ 37,500 $ 47,000
Cheshire, New Hampshire 4 $ 450,000 $ 112,500 $ 84,000
Cumberland, New Jersey 4 $ 340,000 $ 85,000 $ 73,000
Warren, New Jersey 4 $ 270,000 $ 67,500 $ 75,000
Niagara, New York 4 $ 200,000 $ 50,000 $ 79,000
Snohomish, Washington 4 $ 320,000 $ 80,000 $ 70,000
Fairfield, Connecticut 3 $ 205,000 $ 68,333 $ 61,000
Middlesex, Connecticut 3 $ 155,000 $ 51,666 $ 32,000
Hillsborough, Florida 3 $ 405,000 $ 135,000 $ 182,000
Manatee, Florida 3 $ 195,000 $ 65,000 $ 102,000
Osceola, Florida 3 $ 265,000 $ 88,333 $ 92,000
Pinellas, Florida 3 $ 215,000 $ 71,666 $ 61,000
Hampshire, Massachusetts 3 $ 245,000 $ 81,666 $ 88,000
Suffolk, Massachusetts 3 $ 915,000 $ 305,000 $ 465,000
Berrien, Michigan 3 $ 205,000 $ 68,333 $ 41,000
Clinton, Michigan 3 $ 165,000 $ 55,000 $ 54,000
Ingham, Michigan 3 $ 255,000 $ 85,000 $ 73,000
Lenawee, Michigan 3 $ 175,000 $ 58,333 $ 50,000
Shiawassee, Michigan 3 $ 165,000 $ 55,000 $ 45,000
Washtenaw, Michigan 3 $ 225,000 $ 75,000 $ 54,000
Belknap, New Hampshire 3 $ 245,000 $ 81,666 $ 67,000
Albany, New York 3 $ 195,000 $ 65,000 $ 60,000
Fulton, New York 3 $ 135,000 $ 45,000 $ 43,000
Orleans, New York 3 $ 175,000 $ 58,333 $ 48,000
Tioga, New York 3 $ 165,000 $ 55,000 $ 65,000
Bucks, Pennsylvania 3 $ 245,000 $ 81,666 $ 129,000
Pierce, Washington 3 $ 175,000 $ 58,333 $ 59,000
Weld, Colorado 2 $ 250,000 $ 125,000 $ 149,000
New Castle, Delaware 2 $ 120,000 $ 60,000 $ 55,000
Highlands, Florida 2 $ 70,000 $ 35,000 $ 71,000
Washington, Florida 2 $ 190,000 $ 95,000 $ 60,000
Penobscot, Maine 2 $ 80,000 $ 40,000 $ 51,000
York, Maine 2 $ 120,000 $ 60,000 $ 76,000
Jackson, Michigan 2 $ 90,000 $ 45,000 $ 60,000
Muskegon, Michigan 2 $ 100,000 $ 50,000 $ 40,000
Newaygo, Michigan 2 $ 80,000 $ 40,000 $ 48,000
St. Clair, Michigan 2 $ 120,000 $ 60,000 $ 87,000
Grafton, New Hampshire 2 $ 220,000 $ 110,000 $ 82,000
Camden, New Jersey 2 $ 130,000 $ 65,000 $ 84,000
Cape May, New Jersey 2 $ 260,000 $ 130,000 $ 84,000
Sussex, New Jersey 2 $ 140,000 $ 70,000 $ 50,000
Livingston, New York 2 $ 60,000 $ 30,000 $ 75,000
Onondaga, New York 2 $ 100,000 $ 50,000 $ 46,000
Rensselaer, New York 2 $ 110,000 $ 55,000 $ 48,000
Richmond, New York 2 $ 220,000 $ 110,000 $ 87,000
Clackamas, Oregon 2 $ 140,000 $ 70,000 $ 81,000
Lane, Oregon 2 $ 130,000 $ 65,000 $ 92,000
Cumberland, Pennsylvania 2 $ 150,000 $ 75,000 $ 50,000
Bristol, Rhode Island 2 $ 140,000 $ 70,000 $ 149,000
Travis, Texas 2 $ 230,000 $ 115,000 $ 78,000
La Paz, Arizona 1 $ 95,000 $ 95,000 $ 76,000
Mohave, Arizona 1 $ 65,000 $ 65,000 $ 42,000
Kent, Delaware 1 $ 65,000 $ 65,000 $ 72,000
Lee, Florida 1 $ 35,000 $ 35,000 $ 110,000
Palm Beach, Florida 1 $ 115,000 $ 115,000 $ 110,000
Sarasota, Florida 1 $ 55,000 $ 55,000 $ 56,000
St. Lucie, Florida 1 $ 45,000 $ 45,000 $ 35,000
Sumter, Florida 1 $ 145,000 $ 145,000 $ 38,000
Catoosa, Georgia 1 $ 65,000 $ 65,000 $ 64,000
Bonneville, Idaho 1 $ 55,000 $ 55,000 $ 29,000
Latah, Idaho 1 $ 65,000 $ 65,000 $ 90,000
Grant, Kentucky 1 $ 275,000 $ 275,000 $ 97,000
Henderson, Kentucky 1 $ 45,000 $ 45,000 $ 89,000
McCracken, Kentucky 1 $ 145,000 $ 145,000 $ 70,000
Nicholas, Kentucky 1 $ 105,000 $ 105,000 $ 46,000
Pike, Kentucky 1 $ 55,000 $ 55,000 $ 51,000
Rowan, Kentucky 1 $ 45,000 $ 45,000 $ 43,000
Wolfe, Kentucky 1 $ 155,000 $ 155,000 $ 73,000
Kennebec, Maine 1 $ 35,000 $ 35,000 $ 43,000
St. Mary's, Maryland 1 $ 25,000 $ 25,000 $ 32,000
Barnstable, Massachusetts 1 $ 35,000 $ 35,000 $ 93,000
Franklin, Massachusetts 1 $ 115,000 $ 115,000 $ 72,000
Nantucket, Massachusetts 1 $ 325,000 $ 325,000 $ 612,000
Cheboygan, Michigan 1 $ 45,000 $ 45,000 $ 50,000
Eaton, Michigan 1 $ 85,000 $ 85,000 $ 45,000
Grand Traverse, Michigan 1 $ 25,000 $ 25,000 $ 38,000
Gratiot, Michigan 1 $ 75,000 $ 75,000 $ 32,000
Ionia, Michigan 1 $ 55,000 $ 55,000 $ 81,000
Kalamazoo, Michigan 1 $ 25,000 $ 25,000 $ 64,000
Sanilac, Michigan 1 $ 65,000 $ 65,000 $ 35,000
Wexford, Michigan 1 $ 55,000 $ 55,000 $ 40,000
Passaic, New Jersey 1 $ 215,000 $ 215,000 $ 143,000
Salem, New Jersey 1 $ 85,000 $ 85,000 $ 53,000
Cayuga, New York 1 $ 55,000 $ 55,000 $ 52,000
Clinton, New York 1 $ 105,000 $ 105,000 $ 145,000
Montgomery, New York 1 $ 65,000 $ 65,000 $ 42,000
Ontario, New York 1 $ 45,000 $ 45,000 $ 170,000
Otsego, New York 1 $ 25,000 $ 25,000 $ 33,000
Putnam, New York 1 $ 45,000 $ 45,000 $ 30,000
Sullivan, New York 1 $ 65,000 $ 65,000 $ 53,000
Tompkins, New York 1 $ 25,000 $ 25,000 $ 60,000
Yates, New York 1 $ 125,000 $ 125,000 $ 310,000
Carteret, North Carolina 1 $ 55,000 $ 55,000 $ 52,000
Butler, Ohio 1 $ 75,000 $ 75,000 $ 50,000
Polk, Oregon 1 $ 115,000 $ 115,000 $ 51,000
Wasco, Oregon 1 $ 105,000 $ 105,000 $ 72,000
Berks, Pennsylvania 1 $ 205,000 $ 205,000 $ 81,000
Butler, Pennsylvania 1 $ 55,000 $ 55,000 $ 55,000
Carbon, Pennsylvania 1 $ 25,000 $ 25,000 $ 41,000
Lebanon, Pennsylvania 1 $ 25,000 $ 25,000 $ 105,000
Lehigh, Pennsylvania 1 $ 125,000 $ 125,000 $ 0
Montgomery, Pennsylvania 1 $ 45,000 $ 45,000 $ 41,000
Northampton, Pennsylvania 1 $ 55,000 $ 55,000 $ 46,000
York, Pennsylvania 1 $ 45,000 $ 45,000 $ 52,000
Dorchester, South Carolina 1 $ 85,000 $ 85,000 $ 203,000
Knox, Tennessee 1 $ 65,000 $ 65,000 $ 66,000
Morgan, Tennessee 1 $ 145,000 $ 145,000 $ 120,000
Dallas, Texas 1 $ 105,000 $ 105,000 $ 77,000
Poquoson, Virginia 1 $ 85,000 $ 85,000 $ 72,000
Clark, Washington 1 $ 145,000 $ 145,000 $ 90,000
Douglas, Washington 1 $ 215,000 $ 215,000 $ 81,000
Kitsap, Washington 1 $ 35,000 $ 35,000 $ 40,000
San Juan, Washington 1 $ 235,000 $ 235,000 $ 111,000
Thurston, Washington 1 $ 45,000 $ 45,000 $ 60,000
Whatcom, Washington 1 $ 95,000 $ 95,000 $ 44,000
Whitman, Washington 1 $ 85,000 $ 85,000 $ 89,000

Mortgage Loan Application Detail Totals for Greenwood Credit Union in 2023

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 Purchase 790 $85,440,000 $108,000 $1,235,000 $87,000 $829,000
Home Improvement 260 $23,890,000 $91,000 $1,285,000 $108,000 $1,219,000
Cash-out Refinancing 229 $24,385,000 $106,000 $755,000 $87,000 $326,000
Refinancing 82 $9,550,000 $116,000 $695,000 $63,000 $275,000
Other Purpose 14 $3,220,000 $230,000 $455,000 $296,000 $829,000
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 1,035 $104,155,000 $100,000 $805,000 $91,000 $1,219,000
Not Provided 146 $17,360,000 $118,000 $575,000 $110,000 $797,000
Hispanic 113 $10,005,000 $88,000 $315,000 $85,000 $275,000
Not applicable 31 $10,245,000 $330,000 $1,285,000 $0 $0
Black or African American 30 $2,330,000 $77,000 $175,000 $81,000 $232,000
Asian 14 $1,390,000 $99,000 $305,000 $89,000 $175,000
American Indian or Alaskan Native 3 $115,000 $38,000 $55,000 $65,000 $78,000
Native Hawaiian or Other Pacific Islander 1 $25,000 $25,000 $25,000 $42,000 $42,000

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) 1,375 $146,485,000 $106,000 $1,285,000 $93,000 $1,219,000
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 672 $77,510,000 $115,000 $1,285,000 $104,000 $829,000
Application Denied By Financial Institution 522 $47,080,000 $90,000 $575,000 $79,000 $1,219,000
Application Approved But Not Accepted 104 $11,600,000 $111,000 $505,000 $102,000 $534,000
Application Withdrawn By Applicant 62 $8,820,000 $142,000 $505,000 $93,000 $326,000
Loan Purchased By The Institution 15 $1,475,000 $98,000 $195,000 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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 853 $99,405,000 $116,000 $1,285,000 $103,000 $829,000
Credit Application Incomplete 275 $23,305,000 $84,000 $575,000 $76,000 $347,000
Debt-To-Income Ratio 164 $16,830,000 $102,000 $575,000 $72,000 $320,000
Credit History 38 $2,490,000 $65,000 $195,000 $77,000 $176,000
Collateral 21 $2,085,000 $99,000 $295,000 $167,000 $1,219,000
Employment History 9 $685,000 $76,000 $115,000 $58,000 $98,000
Other 7 $795,000 $113,000 $255,000 $93,000 $133,000
Insufficient Cash (Downpayment, Closing Cost) 4 $390,000 $97,000 $135,000 $77,000 $136,000
Unverifiable Information 3 $265,000 $88,000 $135,000 $61,000 $83,000
Mortgage Insurance Denied 1 $235,000 $235,000 $235,000 $128,000 $128,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Greenwood Credit Union's 2023 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 Greenwood 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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