Hanscom Federal Credit Union Mortgage Lending & HMDA Data, 2024

In 2024, Hanscom Federal Credit Union of Hanscom Afb, MA reported 1,575 mortgage applications totaling $324.8 million, down 28% from 2023. The average application was for $206,206, and applicants reported an average income of $189,780. 55% of its applications resulted in an originated loan and 31% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (642), Boston, MA (321) and Worcester, MA-CT (85) (applications in parentheses).

Mortgage Company & Address Hanscom Federal Credit Union
1610 Eglin St
Hanscom Afb, MA 01731
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 1,575
Total Mortgage Loan Application Amount $324,775,000
Average Mortgage Loan Application Amount $206,206
Highest Mortgage Loan Application Amount $5,495,000
Average Applicant Income $189,780
Highest Applicant Income $3,650,000

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records Hanscom Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Mortgage Loan Application Totals for Hanscom Federal Credit Union by County in 2024

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Middlesex, Massachusetts 421 $ 101,985,000 $ 242,244 $ 207,000
Essex, Massachusetts 221 $ 37,135,000 $ 168,031 $ 186,000
Norfolk, Massachusetts 126 $ 24,740,000 $ 196,349 $ 188,000
Suffolk, Massachusetts 104 $ 20,500,000 $ 197,115 $ 195,000
Plymouth, Massachusetts 91 $ 15,615,000 $ 171,593 $ 171,000
Worcester, Massachusetts 85 $ 14,275,000 $ 167,941 $ 175,000
Hillsborough, New Hampshire 47 $ 8,775,000 $ 186,702 $ 149,000
Bristol, Massachusetts 42 $ 7,600,000 $ 180,952 $ 119,000
Barnstable, Massachusetts 37 $ 8,705,000 $ 235,270 $ 229,000
Rockingham, New Hampshire 35 $ 6,335,000 $ 181,000 $ 173,000
Providence, Rhode Island 31 $ 5,755,000 $ 185,645 $ 138,000
Fairfax, Virginia 25 $ 5,645,000 $ 225,800 $ 269,000
Hampden, Massachusetts 19 $ 2,445,000 $ 128,684 $ 106,000
Loudoun, Virginia 12 $ 2,550,000 $ 212,500 $ 181,000
York, Maine 8 $ 2,750,000 $ 343,750 $ 218,000
Broward, Florida 6 $ 700,000 $ 116,666 $ 146,000
Carroll, New Hampshire 6 $ 1,710,000 $ 285,000 $ 274,000
Ocean, New Jersey 6 $ 1,480,000 $ 246,666 $ 122,000
Northeastern Connecticut Planning Region, Connecticut 5 $ 885,000 $ 177,000 $ 134,000
Western Connecticut Planning Region, Connecticut 5 $ 765,000 $ 153,000 $ 281,000
Cumberland, Maine 5 $ 1,405,000 $ 281,000 $ 262,000
Merrimack, New Hampshire 5 $ 1,325,000 $ 265,000 $ 229,000
Santa Clara, California 4 $ 1,720,000 $ 430,000 $ 192,000
Naugatuck Valley Planning Region, Connecticut 4 $ 360,000 $ 90,000 $ 112,000
South Central Connecticut Planning Region, Connecticut 4 $ 890,000 $ 222,500 $ 82,000
Palm Beach, Florida 4 $ 460,000 $ 115,000 $ 179,000
Pinellas, Florida 4 $ 1,080,000 $ 270,000 $ 280,000
Gwinnett, Georgia 4 $ 410,000 $ 102,500 $ 139,000
Berkshire, Massachusetts 4 $ 480,000 $ 120,000 $ 117,000
Fauquier, Virginia 4 $ 560,000 $ 140,000 $ 222,000
Maricopa, Arizona 3 $ 985,000 $ 328,333 $ 266,000
Capitol Planning Region, Connecticut 3 $ 265,000 $ 88,333 $ 163,000
Grafton, New Hampshire 3 $ 865,000 $ 288,333 $ 356,000
Strafford, New Hampshire 3 $ 445,000 $ 148,333 $ 143,000
Hudson, New Jersey 3 $ 1,215,000 $ 405,000 $ 227,000
Wake, North Carolina 3 $ 235,000 $ 78,333 $ 140,000
Bristol, Rhode Island 3 $ 825,000 $ 275,000 $ 366,000
Newport, Rhode Island 3 $ 1,615,000 $ 538,333 $ 334,000
Washington, Rhode Island 3 $ 955,000 $ 318,333 $ 93,000
Charleston, South Carolina 3 $ 265,000 $ 88,333 $ 129,000
Horry, South Carolina 3 $ 485,000 $ 161,666 $ 153,000
San Diego, California 2 $ 480,000 $ 240,000 $ 197,000
San Mateo, California 2 $ 550,000 $ 275,000 $ 221,000
Ventura, California 2 $ 310,000 $ 155,000 $ 187,000
Lower Connecticut River Valley Planning Region, Connecticut 2 $ 210,000 $ 105,000 $ 158,000
Southeastern Connecticut Planning Region, Connecticut 2 $ 130,000 $ 65,000 $ 216,000
Lee, Florida 2 $ 610,000 $ 305,000 $ 404,000
Cherokee, Georgia 2 $ 260,000 $ 130,000 $ 90,000
Forsyth, Georgia 2 $ 730,000 $ 365,000 $ 190,000
Fulton, Georgia 2 $ 610,000 $ 305,000 $ 440,000
Henry, Georgia 2 $ 160,000 $ 80,000 $ 130,000
Cook, Illinois 2 $ 600,000 $ 300,000 $ 278,000
Johnson, Kansas 2 $ 640,000 $ 320,000 $ 268,000
Montgomery, Maryland 2 $ 590,000 $ 295,000 $ 153,000
Prince George's, Maryland 2 $ 630,000 $ 315,000 $ 185,000
Hampshire, Massachusetts 2 $ 270,000 $ 135,000 $ 117,000
Nantucket, Massachusetts 2 $ 680,000 $ 340,000 $ 282,000
Clark, Nevada 2 $ 790,000 $ 395,000 $ 168,000
Coos, New Hampshire 2 $ 360,000 $ 180,000 $ 111,000
Sullivan, New Hampshire 2 $ 120,000 $ 60,000 $ 159,000
Atlantic, New Jersey 2 $ 380,000 $ 190,000 $ 113,000
Bergen, New Jersey 2 $ 330,000 $ 165,000 $ 329,000
Cumberland, New Jersey 2 $ 70,000 $ 35,000 $ 54,000
Essex, New Jersey 2 $ 650,000 $ 325,000 $ 223,000
Monmouth, New Jersey 2 $ 770,000 $ 385,000 $ 313,000
Mecklenburg, North Carolina 2 $ 240,000 $ 120,000 $ 135,000
Cuyahoga, Ohio 2 $ 250,000 $ 125,000 $ 350,000
Summit, Ohio 2 $ 1,360,000 $ 680,000 $ 700,000
Chittenden, Vermont 2 $ 570,000 $ 285,000 $ 113,000
Arlington, Virginia 2 $ 560,000 $ 280,000 $ 264,000
Falls Church, Virginia 2 $ 190,000 $ 95,000 $ 309,000
Louisa, Virginia 2 $ 520,000 $ 260,000 $ 139,000
Prince William, Virginia 2 $ 560,000 $ 280,000 $ 268,000
Virginia Beach, Virginia 2 $ 510,000 $ 255,000 $ 162,000
Warren, Virginia 2 $ 130,000 $ 65,000 $ 117,000
Madison, Alabama 1 $ 45,000 $ 45,000 $ 150,000
Mohave, Arizona 1 $ 25,000 $ 25,000 $ 98,000
Pima, Arizona 1 $ 155,000 $ 155,000 $ 145,000
Alameda, California 1 $ 335,000 $ 335,000 $ 164,000
Contra Costa, California 1 $ 305,000 $ 305,000 $ 115,000
Orange, California 1 $ 255,000 $ 255,000 $ 108,000
Riverside, California 1 $ 245,000 $ 245,000 $ 198,000
San Joaquin, California 1 $ 415,000 $ 415,000 $ 298,000
Denver, Colorado 1 $ 535,000 $ 535,000 $ 254,000
Greater Bridgeport Planning Region, Connecticut 1 $ 155,000 $ 155,000 $ 113,000
Sussex, Delaware 1 $ 125,000 $ 125,000 $ 122,000
District of Columbia, District Of Columbia 1 $ 55,000 $ 55,000 $ 185,000
Brevard, Florida 1 $ 205,000 $ 205,000 $ 167,000
Charlotte, Florida 1 $ 245,000 $ 245,000 $ 125,000
Collier, Florida 1 $ 325,000 $ 325,000 $ 142,000
Highlands, Florida 1 $ 105,000 $ 105,000 $ 106,000
Indian River, Florida 1 $ 75,000 $ 75,000 $ 72,000
Okaloosa, Florida 1 $ 25,000 $ 25,000 $ 170,000
Osceola, Florida 1 $ 55,000 $ 55,000 $ 56,000
Sarasota, Florida 1 $ 405,000 $ 405,000 $ 135,000
St. Johns, Florida 1 $ 155,000 $ 155,000 $ 61,000
Sumter, Florida 1 $ 345,000 $ 345,000 $ 330,000
Volusia, Florida 1 $ 75,000 $ 75,000 $ 41,000
Bulloch, Georgia 1 $ 255,000 $ 255,000 $ 68,000
Chatham, Georgia 1 $ 45,000 $ 45,000 $ 90,000
Coweta, Georgia 1 $ 205,000 $ 205,000 $ 98,000
DeKalb, Georgia 1 $ 665,000 $ 665,000 $ 289,000
Rockdale, Georgia 1 $ 65,000 $ 65,000 $ 38,000
DuPage, Illinois 1 $ 95,000 $ 95,000 $ 27,000
McLean, Illinois 1 $ 105,000 $ 105,000 $ 105,000
Scott, Iowa 1 $ 255,000 $ 255,000 $ 205,000
Leavenworth, Kansas 1 $ 75,000 $ 75,000 $ 130,000
Fayette, Kentucky 1 $ 45,000 $ 45,000 $ 62,000
Androscoggin, Maine 1 $ 35,000 $ 35,000 $ 24,000
Hancock, Maine 1 $ 135,000 $ 135,000 $ 182,000
Kennebec, Maine 1 $ 55,000 $ 55,000 $ 269,000
Oxford, Maine 1 $ 95,000 $ 95,000 $ 84,000
Somerset, Maine 1 $ 205,000 $ 205,000 $ 196,000
Baltimore, Maryland 1 $ 325,000 $ 325,000 $ 150,000
Calvert, Maryland 1 $ 105,000 $ 105,000 $ 181,000
Frederick, Maryland 1 $ 675,000 $ 675,000 $ 386,000
Harford, Maryland 1 $ 345,000 $ 345,000 $ 134,000
Dukes, Massachusetts 1 $ 1,245,000 $ 1,245,000 $ 446,000
Franklin, Massachusetts 1 $ 245,000 $ 245,000 $ 91,000
Calhoun, Michigan 1 $ 145,000 $ 145,000 $ 64,000
Newton, Mississippi 1 $ 65,000 $ 65,000 $ 142,000
Cass, Missouri 1 $ 35,000 $ 35,000 $ 71,000
Belknap, New Hampshire 1 $ 15,000 $ 15,000 $ 89,000
Cheshire, New Hampshire 1 $ 345,000 $ 345,000 $ 244,000
Gloucester, New Jersey 1 $ 615,000 $ 615,000 $ 574,000
Mercer, New Jersey 1 $ 435,000 $ 435,000 $ 179,000
Middlesex, New Jersey 1 $ 85,000 $ 85,000 $ 43,000
Morris, New Jersey 1 $ 155,000 $ 155,000 $ 131,000
Passaic, New Jersey 1 $ 235,000 $ 235,000 $ 229,000
Brunswick, North Carolina 1 $ 395,000 $ 395,000 $ 266,000
Carteret, North Carolina 1 $ 115,000 $ 115,000 $ 66,000
Cumberland, North Carolina 1 $ 75,000 $ 75,000 $ 111,000
Durham, North Carolina 1 $ 735,000 $ 735,000 $ 400,000
Guilford, North Carolina 1 $ 125,000 $ 125,000 $ 177,000
Delaware, Ohio 1 $ 105,000 $ 105,000 $ 120,000
Franklin, Ohio 1 $ 85,000 $ 85,000 $ 275,000
Lake, Ohio 1 $ 155,000 $ 155,000 $ 202,000
Madison, Ohio 1 $ 35,000 $ 35,000 $ 43,000
Montgomery, Ohio 1 $ 55,000 $ 55,000 $ 184,000
Polk, Oregon 1 $ 445,000 $ 445,000 $ 136,000
Washington, Oregon 1 $ 405,000 $ 405,000 $ 120,000
Bedford, Pennsylvania 1 $ 205,000 $ 205,000 $ 425,000
Delaware, Pennsylvania 1 $ 315,000 $ 315,000 $ 87,000
Monroe, Pennsylvania 1 $ 185,000 $ 185,000 $ 186,000
Montgomery, Pennsylvania 1 $ 145,000 $ 145,000 $ 271,000
York, Pennsylvania 1 $ 315,000 $ 315,000 $ 64,000
Beaufort, South Carolina 1 $ 865,000 $ 865,000 $ 216,000
Dorchester, South Carolina 1 $ 195,000 $ 195,000 $ 112,000
Edgefield, South Carolina 1 $ 205,000 $ 205,000 $ 160,000
Greenville, South Carolina 1 $ 55,000 $ 55,000 $ 101,000
Pickens, South Carolina 1 $ 55,000 $ 55,000 $ 111,000
Richland, South Carolina 1 $ 105,000 $ 105,000 $ 416,000
Montgomery, Tennessee 1 $ 85,000 $ 85,000 $ 121,000
Davis, Utah 1 $ 105,000 $ 105,000 $ 105,000
Tooele, Utah 1 $ 55,000 $ 55,000 $ 49,000
Addison, Vermont 1 $ 165,000 $ 165,000 $ 269,000
Essex, Vermont 1 $ 175,000 $ 175,000 $ 0
Orange, Vermont 1 $ 505,000 $ 505,000 $ 424,000
Orleans, Vermont 1 $ 355,000 $ 355,000 $ 119,000
Windsor, Vermont 1 $ 325,000 $ 325,000 $ 142,000
Alexandria, Virginia 1 $ 105,000 $ 105,000 $ 342,000
Chesterfield, Virginia 1 $ 105,000 $ 105,000 $ 110,000
Culpeper, Virginia 1 $ 85,000 $ 85,000 $ 131,000
Cumberland, Virginia 1 $ 45,000 $ 45,000 $ 48,000
Fluvanna, Virginia 1 $ 215,000 $ 215,000 $ 215,000
Frederick, Virginia 1 $ 155,000 $ 155,000 $ 0
Orange, Virginia 1 $ 85,000 $ 85,000 $ 80,000
Roanoke City, Virginia 1 $ 45,000 $ 45,000 $ 57,000
Spotsylvania, Virginia 1 $ 105,000 $ 105,000 $ 175,000
Stafford, Virginia 1 $ 105,000 $ 105,000 $ 349,000
Williamsburg, Virginia 1 $ 265,000 $ 265,000 $ 203,000
King, Washington 1 $ 725,000 $ 725,000 $ 0
Skagit, Washington 1 $ 55,000 $ 55,000 $ 300,000
Wahkiakum, Washington 1 $ 195,000 $ 195,000 $ 101,000
Walworth, Wisconsin 1 $ 255,000 $ 255,000 $ 73,000

Mortgage Loan Application Detail Totals for Hanscom 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
Refinancing 469 $97,755,000 $208,000 $1,545,000 $201,000 $1,217,000
Home Improvement 452 $62,900,000 $139,000 $565,000 $183,000 $686,000
Other Purpose 362 $48,870,000 $135,000 $505,000 $169,000 $3,650,000
Home Purchase 235 $93,475,000 $397,000 $5,495,000 $217,000 $970,000
Cash-out Refinancing 57 $21,775,000 $382,000 $955,000 $171,000 $700,000
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 1,018 $202,890,000 $199,000 $1,245,000 $196,000 $3,650,000
Hispanic 178 $32,980,000 $185,000 $1,165,000 $163,000 $1,533,000
Not Provided 161 $36,385,000 $225,000 $1,145,000 $203,000 $970,000
Black or African American 128 $16,140,000 $126,000 $735,000 $141,000 $577,000
Asian 62 $20,730,000 $334,000 $1,315,000 $237,000 $700,000
Not applicable 14 $13,460,000 $961,000 $5,495,000 $0 $0
American Indian or Alaskan Native 12 $2,050,000 $170,000 $415,000 $124,000 $260,000
Native Hawaiian or Other Pacific Islander 2 $140,000 $70,000 $75,000 $107,000 $110,000

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) 1,553 $314,045,000 $202,000 $5,495,000 $190,000 $3,650,000
VA-guaranteed (Veterans Administration) 22 $10,730,000 $487,000 $895,000 $168,000 $425,000
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

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 861 $174,585,000 $202,000 $5,495,000 $203,000 $1,533,000
Application Denied By Financial Institution 495 $90,665,000 $183,000 $955,000 $160,000 $3,650,000
Application Withdrawn By Applicant 158 $46,000,000 $291,000 $1,165,000 $218,000 $767,000
File Closed For Incompleteness 41 $10,495,000 $255,000 $1,315,000 $166,000 $607,000
Application Approved But Not Accepted 20 $3,030,000 $151,000 $365,000 $185,000 $568,000
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 1,080 $234,110,000 $216,000 $5,495,000 $203,000 $1,533,000
Debt-To-Income Ratio 223 $46,785,000 $209,000 $885,000 $95,000 $281,000
Collateral 103 $17,315,000 $168,000 $955,000 $217,000 $750,000
Credit Application Incomplete 91 $11,945,000 $131,000 $505,000 $187,000 $697,000
Credit History 41 $5,755,000 $140,000 $615,000 $251,000 $3,650,000
Other 19 $5,055,000 $266,000 $515,000 $188,000 $584,000
Unverifiable Information 16 $3,210,000 $200,000 $505,000 $255,000 $1,130,000
Insufficient Cash (Downpayment, Closing Cost) 2 $600,000 $300,000 $535,000 $106,000 $148,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Hanscom 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 Hanscom 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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