Ithink Financial Credit Union Mortgage Lending & HMDA Data, 2023

In 2023, Ithink Financial Credit Union of Delray Beach, FL reported 1,320 mortgage applications totaling $274.1 million, down 38% from 2022. The average application was for $207,681, and applicants reported an average income of $209,071. 66% of its applications resulted in an originated loan and 20% were denied. Its largest markets were West Palm Beach-Boca Raton-Delray Beach, FL (391), Atlanta-Sandy Springs-Roswell, GA (318) and Port St. Lucie, FL (121) (applications in parentheses).

Mortgage Company & Address Ithink Financial Credit Union
1000 Nw 17th Avenue
Delray Beach, FL 33445
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  
Total Number of Mortgage Applications 1,320
Total Mortgage Loan Application Amount $274,140,000
Average Mortgage Loan Application Amount $207,681
Highest Mortgage Loan Application Amount $2,805,000
Average Applicant Income $209,071
Highest Applicant Income $8,827,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ithink Financial Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Ithink Financial Credit Union by County in 2023

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Palm Beach, Florida 391 $ 79,985,000 $ 204,565 $ 224,000
Broward, Florida 115 $ 20,305,000 $ 176,565 $ 207,000
St. Lucie, Florida 92 $ 11,240,000 $ 122,173 $ 140,000
Cobb, Georgia 88 $ 9,140,000 $ 103,863 $ 165,000
Indian River, Florida 49 $ 8,105,000 $ 165,408 $ 102,000
Fulton, Georgia 48 $ 8,640,000 $ 180,000 $ 209,000
Miami-Dade, Florida 41 $ 16,075,000 $ 392,073 $ 389,000
Martin, Florida 29 $ 10,285,000 $ 354,655 $ 282,000
Cherokee, Georgia 27 $ 3,285,000 $ 121,666 $ 150,000
DeKalb, Georgia 21 $ 2,775,000 $ 132,142 $ 542,000
Paulding, Georgia 21 $ 2,015,000 $ 95,952 $ 107,000
Hillsborough, Florida 20 $ 4,510,000 $ 225,500 $ 162,000
Pickens, Georgia 18 $ 1,880,000 $ 104,444 $ 87,000
Clayton, Georgia 17 $ 1,485,000 $ 87,352 $ 71,000
Forsyth, Georgia 16 $ 2,260,000 $ 141,250 $ 132,000
Orange, Florida 15 $ 7,235,000 $ 482,333 $ 283,000
Gwinnett, Georgia 15 $ 2,155,000 $ 143,666 $ 117,000
Brevard, Florida 14 $ 4,220,000 $ 301,428 $ 172,000
Henry, Georgia 12 $ 1,130,000 $ 94,166 $ 303,000
Pinellas, Florida 11 $ 1,325,000 $ 120,454 $ 103,000
Lake, Florida 9 $ 2,635,000 $ 292,777 $ 173,000
Sarasota, Florida 8 $ 4,060,000 $ 507,500 $ 260,000
Volusia, Florida 8 $ 3,060,000 $ 382,500 $ 192,000
Worcester, Maryland 7 $ 1,385,000 $ 197,857 $ 201,000
Seminole, Florida 6 $ 2,400,000 $ 400,000 $ 262,000
Douglas, Georgia 6 $ 490,000 $ 81,666 $ 136,000
Duval, Florida 5 $ 1,795,000 $ 359,000 $ 373,000
Polk, Florida 5 $ 1,335,000 $ 267,000 $ 211,000
Bartow, Georgia 5 $ 555,000 $ 111,000 $ 85,000
Carroll, Georgia 5 $ 455,000 $ 91,000 $ 94,000
Gilmer, Georgia 5 $ 795,000 $ 159,000 $ 130,000
Collier, Florida 4 $ 2,220,000 $ 555,000 $ 121,000
Pasco, Florida 4 $ 390,000 $ 97,500 $ 110,000
St. Johns, Florida 4 $ 340,000 $ 85,000 $ 124,000
Newton, Georgia 4 $ 460,000 $ 115,000 $ 150,000
Maricopa, Arizona 3 $ 1,595,000 $ 531,666 $ 215,000
Charlotte, Florida 3 $ 215,000 $ 71,666 $ 83,000
Marion, Florida 3 $ 445,000 $ 148,333 $ 127,000
Okeechobee, Florida 3 $ 435,000 $ 145,000 $ 85,000
Osceola, Florida 3 $ 795,000 $ 265,000 $ 223,000
Coweta, Georgia 3 $ 315,000 $ 105,000 $ 124,000
Hall, Georgia 3 $ 135,000 $ 45,000 $ 114,000
Rockdale, Georgia 3 $ 365,000 $ 121,666 $ 59,000
Anne Arundel, Maryland 3 $ 2,235,000 $ 745,000 $ 225,000
Kent, Maryland 3 $ 1,035,000 $ 345,000 $ 187,000
Providence, Rhode Island 3 $ 915,000 $ 305,000 $ 100,000
Mobile, Alabama 2 $ 90,000 $ 45,000 $ 37,000
San Diego, California 2 $ 1,070,000 $ 535,000 $ 209,000
San Francisco, California 2 $ 1,700,000 $ 850,000 $ 764,000
Eagle, Colorado 2 $ 2,400,000 $ 1,200,000 $ 402,000
El Paso, Colorado 2 $ 90,000 $ 45,000 $ 585,000
Bay, Florida 2 $ 330,000 $ 165,000 $ 94,000
Lee, Florida 2 $ 420,000 $ 210,000 $ 855,000
Manatee, Florida 2 $ 210,000 $ 105,000 $ 249,000
Santa Rosa, Florida 2 $ 260,000 $ 130,000 $ 106,000
Dawson, Georgia 2 $ 1,010,000 $ 505,000 $ 207,000
Fayette, Georgia 2 $ 130,000 $ 65,000 $ 103,000
Greene, Georgia 2 $ 60,000 $ 30,000 $ 131,000
Haralson, Georgia 2 $ 180,000 $ 90,000 $ 122,000
Harris, Georgia 2 $ 140,000 $ 70,000 $ 74,000
Walton, Georgia 2 $ 550,000 $ 275,000 $ 113,000
Baltimore, Maryland 2 $ 2,820,000 $ 1,410,000 $ 529,000
Plymouth, Massachusetts 2 $ 150,000 $ 75,000 $ 106,000
Worcester, Massachusetts 2 $ 180,000 $ 90,000 $ 122,000
Oakland, Michigan 2 $ 60,000 $ 30,000 $ 16,000
Clark, Nevada 2 $ 1,150,000 $ 575,000 $ 212,000
Wake, North Carolina 2 $ 210,000 $ 105,000 $ 127,000
Beaufort, South Carolina 2 $ 1,080,000 $ 540,000 $ 138,000
Horry, South Carolina 2 $ 810,000 $ 405,000 $ 268,000
Fairfax, Virginia 2 $ 2,490,000 $ 1,245,000 $ 391,000
Calhoun, Alabama 1 $ 35,000 $ 35,000 $ 0
Escambia, Alabama 1 $ 15,000 $ 15,000 $ 35,000
Jefferson, Alabama 1 $ 45,000 $ 45,000 $ 59,000
Shelby, Alabama 1 $ 255,000 $ 255,000 $ 772,000
Coconino, Arizona 1 $ 55,000 $ 55,000 $ 239,000
Mohave, Arizona 1 $ 105,000 $ 105,000 $ 165,000
Alameda, California 1 $ 205,000 $ 205,000 $ 190,000
Contra Costa, California 1 $ 975,000 $ 975,000 $ 268,000
Los Angeles, California 1 $ 375,000 $ 375,000 $ 104,000
San Bernardino, California 1 $ 65,000 $ 65,000 $ 137,000
Tehama, California 1 $ 105,000 $ 105,000 $ 174,000
Boulder, Colorado 1 $ 65,000 $ 65,000 $ 91,000
Jefferson, Colorado 1 $ 475,000 $ 475,000 $ 1,045,000
Litchfield, Connecticut 1 $ 105,000 $ 105,000 $ 302,000
New Castle, Delaware 1 $ 105,000 $ 105,000 $ 736,000
Sussex, Delaware 1 $ 505,000 $ 505,000 $ 200,000
Alachua, Florida 1 $ 155,000 $ 155,000 $ 198,000
Citrus, Florida 1 $ 65,000 $ 65,000 $ 58,000
Clay, Florida 1 $ 35,000 $ 35,000 $ 65,000
Escambia, Florida 1 $ 105,000 $ 105,000 $ 90,000
Flagler, Florida 1 $ 65,000 $ 65,000 $ 151,000
Gilchrist, Florida 1 $ 155,000 $ 155,000 $ 73,000
Gulf, Florida 1 $ 495,000 $ 495,000 $ 832,000
Highlands, Florida 1 $ 75,000 $ 75,000 $ 59,000
Monroe, Florida 1 $ 1,385,000 $ 1,385,000 $ 1,066,000
Bibb, Georgia 1 $ 115,000 $ 115,000 $ 165,000
Chattooga, Georgia 1 $ 355,000 $ 355,000 $ 94,000
Fannin, Georgia 1 $ 265,000 $ 265,000 $ 155,000
Floyd, Georgia 1 $ 235,000 $ 235,000 $ 113,000
Gordon, Georgia 1 $ 35,000 $ 35,000 $ 93,000
Jackson, Georgia 1 $ 105,000 $ 105,000 $ 161,000
Lumpkin, Georgia 1 $ 495,000 $ 495,000 $ 170,000
Madison, Georgia 1 $ 105,000 $ 105,000 $ 119,000
McIntosh, Georgia 1 $ 95,000 $ 95,000 $ 90,000
Polk, Georgia 1 $ 115,000 $ 115,000 $ 139,000
Rabun, Georgia 1 $ 355,000 $ 355,000 $ 680,000
Spalding, Georgia 1 $ 115,000 $ 115,000 $ 75,000
Towns, Georgia 1 $ 105,000 $ 105,000 $ 123,000
Troup, Georgia 1 $ 5,000 $ 5,000 $ 75,000
Union, Georgia 1 $ 315,000 $ 315,000 $ 101,000
Upson, Georgia 1 $ 105,000 $ 105,000 $ 173,000
Whitfield, Georgia 1 $ 375,000 $ 375,000 $ 117,000
Wilkes, Georgia 1 $ 135,000 $ 135,000 $ 76,000
Bonner, Idaho 1 $ 395,000 $ 395,000 $ 173,000
Kootenai, Idaho 1 $ 735,000 $ 735,000 $ 817,000
Kane, Illinois 1 $ 25,000 $ 25,000 $ 120,000
Lake, Illinois 1 $ 525,000 $ 525,000 $ 175,000
Johnson, Kansas 1 $ 25,000 $ 25,000 $ 41,000
Boyd, Kentucky 1 $ 105,000 $ 105,000 $ 167,000
Jefferson, Kentucky 1 $ 235,000 $ 235,000 $ 69,000
Hancock, Maine 1 $ 25,000 $ 25,000 $ 81,000
York, Maine 1 $ 105,000 $ 105,000 $ 150,000
Charles, Maryland 1 $ 45,000 $ 45,000 $ 163,000
Frederick, Maryland 1 $ 105,000 $ 105,000 $ 147,000
Howard, Maryland 1 $ 685,000 $ 685,000 $ 175,000
Prince George's, Maryland 1 $ 155,000 $ 155,000 $ 119,000
Barnstable, Massachusetts 1 $ 345,000 $ 345,000 $ 430,000
Hampden, Massachusetts 1 $ 105,000 $ 105,000 $ 115,000
Norfolk, Massachusetts 1 $ 555,000 $ 555,000 $ 312,000
Lowndes, Mississippi 1 $ 75,000 $ 75,000 $ 33,000
Burlington, New Jersey 1 $ 105,000 $ 105,000 $ 218,000
Camden, New Jersey 1 $ 35,000 $ 35,000 $ 41,000
Monmouth, New Jersey 1 $ 105,000 $ 105,000 $ 81,000
Ocean, New Jersey 1 $ 615,000 $ 615,000 $ 761,000
Passaic, New Jersey 1 $ 55,000 $ 55,000 $ 322,000
Sandoval, New Mexico 1 $ 655,000 $ 655,000 $ 207,000
Brunswick, North Carolina 1 $ 35,000 $ 35,000 $ 19,000
Cabarrus, North Carolina 1 $ 55,000 $ 55,000 $ 139,000
Carteret, North Carolina 1 $ 485,000 $ 485,000 $ 367,000
Johnston, North Carolina 1 $ 55,000 $ 55,000 $ 143,000
Mecklenburg, North Carolina 1 $ 205,000 $ 205,000 $ 187,000
Moore, North Carolina 1 $ 215,000 $ 215,000 $ 109,000
Union, North Carolina 1 $ 105,000 $ 105,000 $ 175,000
Cuyahoga, Ohio 1 $ 2,505,000 $ 2,505,000 $ 3,167,000
Lorain, Ohio 1 $ 225,000 $ 225,000 $ 0
Oklahoma, Oklahoma 1 $ 55,000 $ 55,000 $ 122,000
Kent, Rhode Island 1 $ 395,000 $ 395,000 $ 1,028,000
Georgetown, South Carolina 1 $ 345,000 $ 345,000 $ 186,000
Greene, Tennessee 1 $ 35,000 $ 35,000 $ 54,000
Robertson, Tennessee 1 $ 1,005,000 $ 1,005,000 $ 345,000
Sumner, Tennessee 1 $ 105,000 $ 105,000 $ 151,000
Collin, Texas 1 $ 105,000 $ 105,000 $ 180,000
Dallas, Texas 1 $ 275,000 $ 275,000 $ 130,000
Nueces, Texas 1 $ 205,000 $ 205,000 $ 306,000
Travis, Texas 1 $ 2,805,000 $ 2,805,000 $ 1,533,000
Salt Lake, Utah 1 $ 55,000 $ 55,000 $ 165,000
Accomack, Virginia 1 $ 555,000 $ 555,000 $ 324,000
Arlington, Virginia 1 $ 255,000 $ 255,000 $ 1,308,000
Frederick, Virginia 1 $ 435,000 $ 435,000 $ 708,000
Loudoun, Virginia 1 $ 995,000 $ 995,000 $ 492,000
Spotsylvania, Virginia 1 $ 455,000 $ 455,000 $ 54,000
King, Washington 1 $ 55,000 $ 55,000 $ 211,000
Putnam, West Virginia 1 $ 175,000 $ 175,000 $ 75,000
Milwaukee, Wisconsin 1 $ 175,000 $ 175,000 $ 220,000

Mortgage Loan Application Detail Totals for Ithink Financial Credit Union in 2023

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 822 $103,720,000 $126,000 $2,305,000 $195,000 $8,827,000
Home Purchase 281 $134,965,000 $480,000 $2,805,000 $255,000 $2,190,000
Refinancing 158 $26,230,000 $166,000 $2,805,000 $209,000 $3,740,000
Home Improvement 34 $3,770,000 $110,000 $405,000 $137,000 $1,600,000
Other Purpose 25 $5,455,000 $218,000 $2,505,000 $254,000 $3,167,000
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 734 $162,870,000 $221,000 $2,805,000 $212,000 $3,874,000
Not Provided 201 $53,145,000 $264,000 $2,805,000 $231,000 $3,702,000
Black or African American 199 $24,035,000 $120,000 $2,505,000 $195,000 $8,827,000
Hispanic 148 $22,670,000 $153,000 $1,335,000 $179,000 $1,452,000
Asian 28 $9,710,000 $346,000 $1,475,000 $269,000 $810,000
American Indian or Alaskan Native 3 $445,000 $148,000 $305,000 $109,000 $136,000
Native Hawaiian or Other Pacific Islander 1 $435,000 $435,000 $435,000 $118,000 $118,000
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) 1,315 $273,495,000 $207,000 $2,805,000 $210,000 $8,827,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4 $560,000 $140,000 $385,000 $76,000 $98,000
FHA-insured (Federal Housing Administration) 1 $85,000 $85,000 $85,000 $95,000 $95,000
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 870 $209,080,000 $240,000 $2,805,000 $196,000 $3,584,000
Application Denied By Financial Institution 262 $30,540,000 $116,000 $2,005,000 $210,000 $8,827,000
Application Withdrawn By Applicant 136 $26,590,000 $195,000 $2,505,000 $273,000 $3,874,000
File Closed For Incompleteness 40 $5,890,000 $147,000 $505,000 $310,000 $3,740,000
Application Approved But Not Accepted 8 $720,000 $90,000 $205,000 $95,000 $152,000
Preapproval Denied by Financial Institution 3 $1,025,000 $341,000 $525,000 $148,000 $236,000
Preapproval Approved but not Accepted 1 $295,000 $295,000 $295,000 $120,000 $120,000
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 1,055 $242,575,000 $229,000 $2,805,000 $209,000 $3,874,000
Debt-To-Income Ratio 116 $14,400,000 $124,000 $2,005,000 $108,000 $3,172,000
Credit Application Incomplete 48 $6,200,000 $129,000 $525,000 $418,000 $8,827,000
Credit History 45 $4,475,000 $99,000 $645,000 $227,000 $2,160,000
Collateral 23 $1,935,000 $84,000 $445,000 $260,000 $2,373,000
Other 15 $1,515,000 $101,000 $355,000 $121,000 $296,000
Unverifiable Information 15 $1,785,000 $119,000 $385,000 $270,000 $2,430,000
Employment History 2 $290,000 $145,000 $195,000 $79,000 $83,000
Insufficient Cash (Downpayment, Closing Cost) 1 $965,000 $965,000 $965,000 $250,000 $250,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Ithink Financial Credit Union's 2023 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 Ithink Financial 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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