Har-Co Credit Union Mortgage Lending & HMDA Data, 2018
In 2018, Har-Co Credit Union of Bel Air, MD reported 77 mortgage applications totaling $15.9 million, up 20% from 2017. The average application was for $206,298, and applicants reported an average income of $104,831. 94% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Baltimore-Columbia-Towson, MD (67), York-Hanover, PA (5) and Salisbury, MD-DE (3) (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 | 77 |
| Total Mortgage Loan Application Amount | $15,885,000 |
| Average Mortgage Loan Application Amount | $206,298 |
| Highest Mortgage Loan Application Amount | $565,000 |
| Average Applicant Income | $104,831 |
| Highest Applicant Income | $248,000 |
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Act (HMDA) records Har-Co Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2018
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 41 | $9,205,000 | $224,000 | $565,000 | $112,000 | $248,000 |
| Home Purchase | 23 | $4,475,000 | $194,000 | $405,000 | $101,000 | $225,000 |
| Refinancing | 13 | $2,205,000 | $169,000 | $325,000 | $89,000 | $150,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 67 | $13,645,000 | $203,000 | $565,000 | $106,000 | $248,000 |
| Not Provided | 6 | $1,520,000 | $253,000 | $345,000 | $91,000 | $126,000 |
| Black or African American | 2 | $350,000 | $175,000 | $185,000 | $130,000 | $130,000 |
| Hispanic | 1 | $245,000 | $245,000 | $245,000 | $132,000 | $132,000 |
| Asian | 1 | $125,000 | $125,000 | $125,000 | $58,000 | $58,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 77 | $15,885,000 | $206,000 | $565,000 | $105,000 | $248,000 |
| 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 | 72 | $15,130,000 | $210,000 | $565,000 | $107,000 | $248,000 |
| Application Approved But Not Accepted | 2 | $340,000 | $170,000 | $185,000 | $89,000 | $130,000 |
| Application Denied By Financial Institution | 2 | $210,000 | $105,000 | $145,000 | $28,000 | $41,000 |
| Application Withdrawn By Applicant | 1 | $205,000 | $205,000 | $205,000 | $111,000 | $111,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 77 | $15,885,000 | $206,000 | $565,000 | $105,000 | $248,000 |
| 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 2018 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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