Har-Co Credit Union Mortgage Lending & HMDA Data, 2025
In 2025, Har-Co Credit Union of Bel Air, MD reported 67 mortgage applications totaling $16.9 million, up 10% from 2024. The average application was for $251,716, and applicants reported an average income of $158,791. 88% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Baltimore-Columbia-Towson, MD (61), Hagerstown-Martinsburg, MD-WV (1) and Lancaster, PA (1) (applications in parentheses).
| Mortgage Company & Address | Har-Co Credit Union 30 N Hickory Ave Bel Air, MD 21014 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 67 |
| Total Mortgage Loan Application Amount | $16,865,000 |
| Average Mortgage Loan Application Amount | $251,716 |
| Highest Mortgage Loan Application Amount | $715,000 |
| Average Applicant Income | $158,791 |
| Highest Applicant Income | $441,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Har-Co Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Har-Co Credit Union in 2025
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 | 32 | $11,780,000 | $368,000 | $675,000 | $173,000 | $441,000 |
| Cash-out Refinancing | 16 | $2,240,000 | $140,000 | $285,000 | $148,000 | $245,000 |
| Other Purpose | 11 | $1,205,000 | $109,000 | $405,000 | $122,000 | $206,000 |
| Refinancing | 5 | $1,305,000 | $261,000 | $715,000 | $191,000 | $303,000 |
| Home Improvement | 3 | $335,000 | $111,000 | $125,000 | $146,000 | $203,000 |
| 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 | 45 | $11,925,000 | $265,000 | $715,000 | $163,000 | $441,000 |
| Black or African American | 8 | $1,250,000 | $156,000 | $335,000 | $137,000 | $245,000 |
| Hispanic | 5 | $765,000 | $153,000 | $245,000 | $138,000 | $204,000 |
| Not Provided | 5 | $2,435,000 | $487,000 | $675,000 | $161,000 | $212,000 |
| Not applicable | 4 | $490,000 | $122,000 | $155,000 | $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) | 66 | $16,560,000 | $250,000 | $715,000 | $159,000 | $441,000 |
| VA-guaranteed (Veterans Administration) | 1 | $305,000 | $305,000 | $305,000 | $82,000 | $82,000 |
| 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 | 59 | $14,205,000 | $240,000 | $715,000 | $159,000 | $441,000 |
| Application Withdrawn By Applicant | 4 | $1,980,000 | $495,000 | $675,000 | $156,000 | $196,000 |
| Application Denied By Financial Institution | 3 | $345,000 | $115,000 | $215,000 | $132,000 | $190,000 |
| Preapproval Approved but not Accepted | 1 | $335,000 | $335,000 | $335,000 | $161,000 | $161,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 67 | $16,865,000 | $251,000 | $715,000 | $158,000 | $441,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 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 Har-Co Credit Union's 2025 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 Har-Co 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.
For a list of all lenders in Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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