Jefferson Financial Federal CU Mortgage Lending & HMDA Data, 2013
In 2013, Jefferson Financial Federal CU of Metairie, LA reported 415 mortgage applications totaling $57.8 million, up 3% from 2012. The average application was for $139,156, and applicants reported an average income of $105,872. 61% of its applications resulted in an originated loan and 12% were denied. Its largest markets were New Orleans-Metairie-Kenner, LA (351), Baton Rouge, LA (37) and Houma-Bayou Cane-Thibodaux, LA (10) (applications in parentheses).
| Mortgage Company & Address | Jefferson Financial Federal CU 77021 Airline Dr Metairie, LA 70003 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 415 |
| Total Mortgage Loan Application Amount | $57,750,000 |
| Average Mortgage Loan Application Amount | $139,156 |
| Highest Mortgage Loan Application Amount | $1,340,000 |
| Average Applicant Income | $105,872 |
| Highest Applicant Income | $1,600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Jefferson Financial Federal CU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Jefferson, Louisiana | 251 | $ 31,871,000 | $ 126,976 | $ 106,000 |
| Orleans, Louisiana | 44 | $ 10,434,000 | $ 237,136 | $ 134,000 |
| St. Tammany, Louisiana | 22 | $ 3,235,000 | $ 147,045 | $ 118,000 |
| East Baton Rouge, Louisiana | 17 | $ 1,645,000 | $ 96,764 | $ 76,000 |
| St. Charles, Louisiana | 14 | $ 1,907,000 | $ 136,214 | $ 92,000 |
| Livingston, Louisiana | 13 | $ 2,035,000 | $ 156,538 | $ 109,000 |
| St. Bernard, Louisiana | 9 | $ 969,000 | $ 107,666 | $ 70,000 |
| Lafourche, Louisiana | 7 | $ 655,000 | $ 93,571 | $ 96,000 |
| Plaquemines, Louisiana | 6 | $ 1,126,000 | $ 187,666 | $ 174,000 |
| St. John the Baptist, Louisiana | 5 | $ 562,000 | $ 112,400 | $ 47,000 |
| Tangipahoa, Louisiana | 5 | $ 818,000 | $ 163,600 | $ 130,000 |
| Ascension, Louisiana | 3 | $ 390,000 | $ 130,000 | $ 80,000 |
| St. Helena, Louisiana | 3 | $ 517,000 | $ 172,333 | $ 58,000 |
| Terrebonne, Louisiana | 3 | $ 364,000 | $ 121,333 | $ 69,000 |
| Beauregard, Louisiana | 2 | $ 194,000 | $ 97,000 | $ 64,000 |
| Calcasieu, Louisiana | 2 | $ 116,000 | $ 58,000 | $ 87,000 |
| Lafayette, Louisiana | 2 | $ 227,000 | $ 113,500 | $ 96,000 |
| St. James, Louisiana | 2 | $ 45,000 | $ 22,500 | $ 75,000 |
| Allen, Louisiana | 1 | $ 67,000 | $ 67,000 | $ 43,000 |
| Iberia, Louisiana | 1 | $ 80,000 | $ 80,000 | $ 75,000 |
| Iberville, Louisiana | 1 | $ 107,000 | $ 107,000 | $ 84,000 |
| Jefferson Davis, Louisiana | 1 | $ 130,000 | $ 130,000 | $ 104,000 |
| Morehouse, Louisiana | 1 | $ 256,000 | $ 256,000 | $ 114,000 |
Mortgage Loan Application Detail Totals for Jefferson Financial Federal CU in 2013
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 | 297 | $40,533,000 | $136,000 | $1,280,000 | $97,000 | $525,000 |
| Home Purchase | 112 | $16,175,000 | $144,000 | $1,340,000 | $131,000 | $1,600,000 |
| Home Improvement | 6 | $1,042,000 | $173,000 | $356,000 | $76,000 | $170,000 |
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 | 317 | $44,615,000 | $140,000 | $1,340,000 | $113,000 | $1,600,000 |
| Black or African American | 73 | $8,126,000 | $111,000 | $362,000 | $72,000 | $154,000 |
| Hispanic | 11 | $1,971,000 | $179,000 | $356,000 | $95,000 | $237,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $2,101,000 | $350,000 | $1,280,000 | $226,000 | $525,000 |
| Asian | 4 | $527,000 | $131,000 | $256,000 | $82,000 | $135,000 |
| American Indian or Alaskan Native | 3 | $345,000 | $115,000 | $225,000 | $80,000 | $94,000 |
| Not Provided | 1 | $65,000 | $65,000 | $65,000 | $49,000 | $49,000 |
| 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) | 415 | $57,750,000 | $139,000 | $1,340,000 | $106,000 | $1,600,000 |
| 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 | 254 | $37,356,000 | $147,000 | $1,340,000 | $123,000 | $1,600,000 |
| Application Withdrawn By Applicant | 109 | $14,802,000 | $135,000 | $417,000 | $85,000 | $450,000 |
| Application Denied By Financial Institution | 48 | $5,181,000 | $107,000 | $356,000 | $60,000 | $205,000 |
| Application Approved But Not Accepted | 4 | $411,000 | $102,000 | $202,000 | $119,000 | $142,000 |
| 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 | 25 | $3,050,000 | $122,000 | $356,000 | $57,000 | $138,000 |
| Credit History | 9 | $930,000 | $103,000 | $170,000 | $62,000 | $112,000 |
| Collateral | 3 | $260,000 | $86,000 | $196,000 | $49,000 | $58,000 |
| Unverifiable Information | 1 | $28,000 | $28,000 | $28,000 | $49,000 | $49,000 |
| Employment History | 1 | $22,000 | $22,000 | $22,000 | $41,000 | $41,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $140,000 | $140,000 | $140,000 | $61,000 | $61,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Jefferson Financial Federal CU's 2013 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 Jefferson Financial Federal CU'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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