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records Ithink Financial Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| West Palm Beach-Boca Raton-Delray Beach, FL | 391 | $ 79,985,000 | $ 204,565 | $ 224,000 |
| Atlanta-Sandy Springs-Roswell, GA | 318 | $ 39,390,000 | $ 123,867 | $ 179,000 |
| Port St. Lucie, FL | 121 | $ 21,525,000 | $ 177,892 | $ 175,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 115 | $ 20,305,000 | $ 176,565 | $ 207,000 |
| Sebastian-Vero Beach, FL | 49 | $ 8,105,000 | $ 165,408 | $ 102,000 |
| Miami-Miami Beach-Kendall, FL | 41 | $ 16,075,000 | $ 392,073 | $ 389,000 |
| Outside any metro area | 40 | $ 11,350,000 | $ 283,750 | $ 207,450 |
| Tampa-St. Petersburg-Clearwater, FL | 35 | $ 6,225,000 | $ 177,857 | $ 138,000 |
| Orlando-Kissimmee-Sanford, FL | 33 | $ 13,065,000 | $ 395,909 | $ 244,000 |
| Palm Bay-Melbourne-Titusville, FL | 14 | $ 4,220,000 | $ 301,428 | $ 172,000 |
| Jacksonville, FL | 10 | $ 2,170,000 | $ 217,000 | $ 210,000 |
| North Port-Sarasota-Bradenton, FL | 10 | $ 4,270,000 | $ 427,000 | $ 258,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 9 | $ 3,125,000 | $ 347,222 | $ 187,000 |
| Salisbury, MD-DE | 8 | $ 1,890,000 | $ 236,250 | $ 200,875 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 7 | $ 4,395,000 | $ 627,857 | $ 416,714 |
| Baltimore-Columbia-Towson, MD | 6 | $ 5,740,000 | $ 956,666 | $ 318,000 |
| Lakeland-Winter Haven, FL | 5 | $ 1,335,000 | $ 267,000 | $ 211,000 |
| Naples-Immokalee-Marco Island, FL | 4 | $ 2,220,000 | $ 555,000 | $ 121,000 |
| Providence-Warwick, RI-MA | 4 | $ 1,310,000 | $ 327,500 | $ 332,000 |
| Boston, MA | 3 | $ 705,000 | $ 235,000 | $ 175,000 |
| Charlotte-Concord-Gastonia, NC-SC | 3 | $ 365,000 | $ 121,666 | $ 167,000 |
| Gainesville, GA | 3 | $ 135,000 | $ 45,000 | $ 114,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 3 | $ 845,000 | $ 281,666 | $ 185,000 |
| Ocala, FL | 3 | $ 445,000 | $ 148,333 | $ 127,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 365,000 | $ 121,666 | $ 101,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 1,595,000 | $ 531,666 | $ 215,000 |
| Punta Gorda, FL | 3 | $ 215,000 | $ 71,666 | $ 83,000 |
| Raleigh, NC | 3 | $ 265,000 | $ 88,333 | $ 132,000 |
| Birmingham-Hoover, AL | 2 | $ 300,000 | $ 150,000 | $ 415,000 |
| Camden, NJ | 2 | $ 140,000 | $ 70,000 | $ 129,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 420,000 | $ 210,000 | $ 855,000 |
| Cleveland-Elyria, OH | 2 | $ 2,730,000 | $ 1,365,000 | $ 1,583,000 |
| Colorado Springs, CO | 2 | $ 90,000 | $ 45,000 | $ 585,000 |
| Columbus, GA-AL | 2 | $ 140,000 | $ 70,000 | $ 74,000 |
| Dallas-Plano-Irving, TX | 2 | $ 380,000 | $ 190,000 | $ 155,000 |
| Gainesville, FL | 2 | $ 310,000 | $ 155,000 | $ 135,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 2 | $ 1,080,000 | $ 540,000 | $ 138,000 |
| Huntington-Ashland, WV-KY-OH | 2 | $ 280,000 | $ 140,000 | $ 121,000 |
| Las Vegas-Henderson-Paradise, NV | 2 | $ 1,150,000 | $ 575,000 | $ 212,000 |
| Mobile, AL | 2 | $ 90,000 | $ 45,000 | $ 37,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 1,110,000 | $ 555,000 | $ 248,000 |
| New York-Newark, NY | 2 | $ 720,000 | $ 360,000 | $ 421,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 1,180,000 | $ 590,000 | $ 229,000 |
| Panama City, FL | 2 | $ 330,000 | $ 165,000 | $ 94,000 |
| San Diego-Carlsbad, CA | 2 | $ 1,070,000 | $ 535,000 | $ 209,000 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 1,700,000 | $ 850,000 | $ 764,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 60,000 | $ 30,000 | $ 16,000 |
| Worcester, MA-CT | 2 | $ 180,000 | $ 90,000 | $ 122,000 |
| Albuquerque, NM | 1 | $ 655,000 | $ 655,000 | $ 207,000 |
| Anniston-Oxford-Jacksonville, AL | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Athens-Clarke County, GA | 1 | $ 105,000 | $ 105,000 | $ 119,000 |
| Austin-Round Rock, TX | 1 | $ 2,805,000 | $ 2,805,000 | $ 1,533,000 |
| Barnstable Town, MA | 1 | $ 345,000 | $ 345,000 | $ 430,000 |
| Boulder, CO | 1 | $ 65,000 | $ 65,000 | $ 91,000 |
| Brunswick, GA | 1 | $ 95,000 | $ 95,000 | $ 90,000 |
| Coeur D'Alene, ID | 1 | $ 735,000 | $ 735,000 | $ 817,000 |
| Corpus Christi, TX | 1 | $ 205,000 | $ 205,000 | $ 306,000 |
| Dalton, GA | 1 | $ 375,000 | $ 375,000 | $ 117,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 475,000 | $ 475,000 | $ 1,045,000 |
| Elgin, IL | 1 | $ 25,000 | $ 25,000 | $ 120,000 |
| Flagstaff, AZ | 1 | $ 55,000 | $ 55,000 | $ 239,000 |
| Homosassa Springs, FL | 1 | $ 65,000 | $ 65,000 | $ 58,000 |
| Kansas City, MO-KS | 1 | $ 25,000 | $ 25,000 | $ 41,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 525,000 | $ 525,000 | $ 175,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 105,000 | $ 105,000 | $ 165,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 375,000 | $ 375,000 | $ 104,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 235,000 | $ 235,000 | $ 69,000 |
| Macon-Bibb County, GA | 1 | $ 115,000 | $ 115,000 | $ 165,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 175,000 | $ 175,000 | $ 220,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 55,000 | $ 55,000 | $ 322,000 |
| Oklahoma City, OK | 1 | $ 55,000 | $ 55,000 | $ 122,000 |
| Portland-South Portland, ME | 1 | $ 105,000 | $ 105,000 | $ 150,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 65,000 | $ 65,000 | $ 137,000 |
| Rome, GA | 1 | $ 235,000 | $ 235,000 | $ 113,000 |
| Salt Lake City, UT | 1 | $ 55,000 | $ 55,000 | $ 165,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 55,000 | $ 55,000 | $ 211,000 |
| Sebring, FL | 1 | $ 75,000 | $ 75,000 | $ 59,000 |
| Springfield, MA | 1 | $ 105,000 | $ 105,000 | $ 115,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 105,000 | $ 105,000 | $ 147,000 |
| Wilmington, DE-MD-NJ | 1 | $ 105,000 | $ 105,000 | $ 736,000 |
| Winchester, VA-WV | 1 | $ 435,000 | $ 435,000 | $ 708,000 |
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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