Har-Co Credit Union Mortgage Lending & HMDA Data, 2011
In 2011, Har-Co Credit Union of Bel Air, MD reported 72 mortgage applications totaling $13.1 million, down 37% from 2010. The average application was for $182,152, and applicants reported an average income of $103,944. 89% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Baltimore-Towson, MD (67), Wilmington, DE-MD-NJ (2) and York-Hanover, 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 | 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 72 |
| Total Mortgage Loan Application Amount | $13,115,000 |
| Average Mortgage Loan Application Amount | $182,152 |
| Highest Mortgage Loan Application Amount | $468,000 |
| Average Applicant Income | $103,944 |
| Highest Applicant Income | $431,000 |
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Act (HMDA) records Har-Co Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Harford, Maryland | 62 | $ 11,819,000 | $ 190,629 | $ 107,000 |
| Baltimore, Maryland | 5 | $ 582,000 | $ 116,400 | $ 103,000 |
| Cecil, Maryland | 2 | $ 265,000 | $ 132,500 | $ 82,000 |
| Worcester, Maryland | 1 | $ 104,000 | $ 104,000 | $ 24,000 |
| York, Pennsylvania | 1 | $ 85,000 | $ 85,000 | $ 55,000 |
Mortgage Loan Application Detail Totals for Har-Co Credit Union in 2011
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 | 64 | $11,616,000 | $181,000 | $468,000 | $105,000 | $431,000 |
| Home Improvement | 4 | $674,000 | $168,000 | $289,000 | $78,000 | $139,000 |
| Home Purchase | 4 | $825,000 | $206,000 | $260,000 | $113,000 | $226,000 |
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 | 68 | $12,682,000 | $186,000 | $468,000 | $105,000 | $431,000 |
| Black or African American | 2 | $219,000 | $109,000 | $119,000 | $90,000 | $134,000 |
| Hispanic | 1 | $164,000 | $164,000 | $164,000 | $68,000 | $68,000 |
| Not Provided | 1 | $50,000 | $50,000 | $50,000 | $100,000 | $100,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 72 | $13,115,000 | $182,000 | $468,000 | $104,000 | $431,000 |
| 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 | 64 | $11,472,000 | $179,000 | $468,000 | $108,000 | $431,000 |
| Application Withdrawn By Applicant | 5 | $1,040,000 | $208,000 | $296,000 | $65,000 | $71,000 |
| Application Denied By Financial Institution | 3 | $603,000 | $201,000 | $300,000 | $71,000 | $98,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 2 | $303,000 | $151,000 | $223,000 | $58,000 | $67,000 |
| Debt-To-Income Ratio | 1 | $300,000 | $300,000 | $300,000 | $98,000 | $98,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 2011 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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