Heart O' Texas Federal Credit Union Mortgage Lending & HMDA Data, 2022
In 2022, Heart O' Texas Federal Credit Union of Waco, TX reported 100 mortgage applications totaling $17.0 million, up 39% from 2021. The average application was for $169,700, and applicants reported an average income of $85,530. 41% of its applications resulted in an originated loan and 39% were denied. Its largest markets were Waco, TX (50), Killeen-Temple, TX (22) and Austin-Round Rock, TX (1) (applications in parentheses).
| Mortgage Company & Address | Heart O' Texas Federal Credit Union Po Box 11 Waco, TX 76712 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 |
| Total Number of Mortgage Applications | 100 |
| Total Mortgage Loan Application Amount | $16,970,000 |
| Average Mortgage Loan Application Amount | $169,700 |
| Highest Mortgage Loan Application Amount | $595,000 |
| Average Applicant Income | $85,530 |
| Highest Applicant Income | $387,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Heart O' Texas Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| McLennan, Texas | 49 | $ 7,835,000 | $ 159,897 | $ 83,000 |
| Bell, Texas | 20 | $ 3,330,000 | $ 166,500 | $ 95,000 |
| Coryell, Texas | 2 | $ 290,000 | $ 145,000 | $ 27,000 |
| Hill, Texas | 2 | $ 250,000 | $ 125,000 | $ 47,000 |
| Limestone, Texas | 2 | $ 200,000 | $ 100,000 | $ 63,000 |
| Iosco, Michigan | 1 | $ 185,000 | $ 185,000 | $ 135,000 |
| Angelina, Texas | 1 | $ 455,000 | $ 455,000 | $ 349,000 |
| Bosque, Texas | 1 | $ 105,000 | $ 105,000 | $ 104,000 |
| Falls, Texas | 1 | $ 125,000 | $ 125,000 | $ 82,000 |
| Harris, Texas | 1 | $ 205,000 | $ 205,000 | $ 50,000 |
| Johnson, Texas | 1 | $ 145,000 | $ 145,000 | $ 56,000 |
| Leon, Texas | 1 | $ 205,000 | $ 205,000 | $ 387,000 |
| Williamson, Texas | 1 | $ 285,000 | $ 285,000 | $ 85,000 |
Mortgage Loan Application Detail Totals for Heart O' Texas Federal Credit Union in 2022
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 | 54 | $10,570,000 | $195,000 | $595,000 | $79,000 | $349,000 |
| Cash-out Refinancing | 25 | $3,765,000 | $150,000 | $565,000 | $80,000 | $226,000 |
| Other Purpose | 10 | $1,340,000 | $134,000 | $325,000 | $120,000 | $266,000 |
| Refinancing | 6 | $850,000 | $141,000 | $205,000 | $127,000 | $387,000 |
| Home Improvement | 5 | $445,000 | $89,000 | $205,000 | $65,000 | $110,000 |
| 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 | 58 | $10,410,000 | $179,000 | $565,000 | $95,000 | $387,000 |
| Hispanic | 34 | $5,690,000 | $167,000 | $595,000 | $73,000 | $184,000 |
| Not applicable | 5 | $425,000 | $85,000 | $95,000 | $0 | $0 |
| Black or African American | 3 | $445,000 | $148,000 | $205,000 | $36,000 | $80,000 |
| Not Provided | 0 | $0 | $0 | $0 | $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) | 99 | $16,935,000 | $171,000 | $595,000 | $85,000 | $387,000 |
| FHA-insured (Federal Housing Administration) | 1 | $35,000 | $35,000 | $35,000 | $101,000 | $101,000 |
| 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 | 41 | $6,715,000 | $163,000 | $595,000 | $107,000 | $387,000 |
| Application Denied By Financial Institution | 39 | $5,985,000 | $153,000 | $455,000 | $72,000 | $349,000 |
| Application Approved But Not Accepted | 8 | $1,330,000 | $166,000 | $305,000 | $85,000 | $198,000 |
| Application Withdrawn By Applicant | 7 | $1,845,000 | $263,000 | $305,000 | $61,000 | $101,000 |
| Preapproval Approved but not Accepted | 2 | $240,000 | $120,000 | $165,000 | $76,000 | $99,000 |
| Preapproval Denied by Financial Institution | 2 | $550,000 | $275,000 | $305,000 | $60,000 | $69,000 |
| File Closed For Incompleteness | 1 | $305,000 | $305,000 | $305,000 | $96,000 | $96,000 |
| Loan Purchased By The 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 | 59 | $10,435,000 | $176,000 | $595,000 | $96,000 | $387,000 |
| Debt-To-Income Ratio | 15 | $2,495,000 | $166,000 | $355,000 | $64,000 | $175,000 |
| Credit History | 13 | $1,675,000 | $128,000 | $305,000 | $60,000 | $124,000 |
| Collateral | 6 | $1,290,000 | $215,000 | $455,000 | $133,000 | $349,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $620,000 | $155,000 | $295,000 | $54,000 | $94,000 |
| Other | 2 | $280,000 | $140,000 | $245,000 | $37,000 | $51,000 |
| Mortgage Insurance Denied | 1 | $175,000 | $175,000 | $175,000 | $90,000 | $90,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Heart O' Texas Federal Credit Union's 2022 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 Heart O' Texas 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.
For a list of all lenders in Texas, download the full spreadsheet
with aggregated HMDA statistics today.
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