Keesler Federal Credit Union Mortgage Lending & HMDA Data, 2022
In 2022, Keesler Federal Credit Union of Biloxi, MS reported 3,007 mortgage applications totaling $452.7 million, up 21% from 2021. The average application was for $150,540, and applicants reported an average income of $80,136. 42% of its applications resulted in an originated loan and 34% were denied. Its largest markets were Gulfport-Biloxi-Pascagoula, MS (1,737), New Orleans-Metairie, LA (307) and Jackson, MS (242) (applications in parentheses).
| Mortgage Company & Address | Keesler Federal Credit Union 2602 Pass Road Biloxi, MS 39531 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,007 |
| Total Mortgage Loan Application Amount | $452,675,000 |
| Average Mortgage Loan Application Amount | $150,540 |
| Highest Mortgage Loan Application Amount | $5,225,000 |
| Average Applicant Income | $80,136 |
| Highest Applicant Income | $1,562,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Keesler Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Gulfport-Biloxi-Pascagoula, MS | 1,737 | $ 229,765,000 | $ 132,276 | $ 77,000 |
| Outside any metro area | 313 | $ 47,255,000 | $ 150,974 | $ 75,268 |
| New Orleans-Metairie, LA | 307 | $ 60,205,000 | $ 196,107 | $ 93,000 |
| Jackson, MS | 242 | $ 37,110,000 | $ 153,347 | $ 82,000 |
| Hattiesburg, MS | 149 | $ 31,345,000 | $ 210,369 | $ 80,000 |
| Mobile, AL | 100 | $ 15,160,000 | $ 151,600 | $ 70,000 |
| Daphne-Fairhope-Foley, AL | 26 | $ 4,130,000 | $ 158,846 | $ 107,000 |
| Baton Rouge, LA | 16 | $ 4,340,000 | $ 271,250 | $ 115,000 |
| Pensacola-Ferry Pass-Brent, FL | 15 | $ 2,445,000 | $ 163,000 | $ 117,000 |
| Crestview-Fort Walton Beach-Destin, FL | 11 | $ 3,115,000 | $ 283,181 | $ 81,000 |
| Hammond, LA | 11 | $ 2,145,000 | $ 195,000 | $ 100,000 |
| Memphis, TN-MS-AR | 8 | $ 1,120,000 | $ 140,000 | $ 107,000 |
| Houma-Thibodaux, LA | 6 | $ 1,740,000 | $ 290,000 | $ 53,000 |
| Huntsville, AL | 6 | $ 1,090,000 | $ 181,666 | $ 109,000 |
| Birmingham-Hoover, AL | 5 | $ 1,565,000 | $ 313,000 | $ 103,000 |
| Shreveport-Bossier City, LA | 5 | $ 1,325,000 | $ 265,000 | $ 94,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 655,000 | $ 131,000 | $ 137,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 4 | $ 540,000 | $ 135,000 | $ 308,000 |
| Palm Bay-Melbourne-Titusville, FL | 4 | $ 560,000 | $ 140,000 | $ 95,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 565,000 | $ 188,333 | $ 88,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 195,000 | $ 65,000 | $ 168,000 |
| Dothan, AL | 2 | $ 200,000 | $ 100,000 | $ 51,000 |
| Lafayette, LA | 2 | $ 240,000 | $ 120,000 | $ 98,000 |
| Montgomery, AL | 2 | $ 440,000 | $ 220,000 | $ 77,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 110,000 | $ 55,000 | $ 57,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 690,000 | $ 345,000 | $ 80,000 |
| Ocala, FL | 2 | $ 580,000 | $ 290,000 | $ 104,000 |
| Port St. Lucie, FL | 2 | $ 280,000 | $ 140,000 | $ 278,000 |
| Sebring, FL | 2 | $ 150,000 | $ 75,000 | $ 81,000 |
| Tallahassee, FL | 2 | $ 840,000 | $ 420,000 | $ 64,000 |
| Alexandria, LA | 1 | $ 215,000 | $ 215,000 | $ 78,000 |
| Jacksonville, FL | 1 | $ 45,000 | $ 45,000 | $ 85,000 |
| Lake Charles, LA | 1 | $ 465,000 | $ 465,000 | $ 158,000 |
| Lakeland-Winter Haven, FL | 1 | $ 125,000 | $ 125,000 | $ 110,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 45,000 | $ 45,000 | $ 88,000 |
| Panama City, FL | 1 | $ 305,000 | $ 305,000 | $ 98,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 435,000 | $ 435,000 | $ 0 |
Mortgage Loan Application Detail Totals for Keesler 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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 1,675 | $189,405,000 | $113,000 | $5,225,000 | $84,000 | $1,224,000 |
| Home Purchase | 813 | $191,885,000 | $236,000 | $2,285,000 | $91,000 | $1,562,000 |
| Refinancing | 324 | $59,540,000 | $183,000 | $4,705,000 | $61,000 | $528,000 |
| Other Purpose | 194 | $11,690,000 | $60,000 | $175,000 | $33,000 | $665,000 |
| Home Improvement | 1 | $155,000 | $155,000 | $155,000 | $121,000 | $121,000 |
| 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 | 1,984 | $266,900,000 | $134,000 | $1,285,000 | $83,000 | $1,562,000 |
| Black or African American | 396 | $44,720,000 | $112,000 | $635,000 | $65,000 | $449,000 |
| Not Provided | 288 | $40,740,000 | $141,000 | $885,000 | $89,000 | $1,224,000 |
| Not applicable | 119 | $70,695,000 | $594,000 | $5,225,000 | $0 | $0 |
| Hispanic | 104 | $12,620,000 | $121,000 | $505,000 | $66,000 | $340,000 |
| Asian | 66 | $9,860,000 | $149,000 | $435,000 | $87,000 | $350,000 |
| American Indian or Alaskan Native | 33 | $3,895,000 | $118,000 | $475,000 | $56,000 | $259,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $185,000 | $61,000 | $85,000 | $13,000 | $39,000 |
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) | 2,589 | $364,365,000 | $140,000 | $5,225,000 | $80,000 | $1,562,000 |
| FHA-insured (Federal Housing Administration) | 217 | $41,325,000 | $190,000 | $425,000 | $74,000 | $1,224,000 |
| VA-guaranteed (Veterans Administration) | 200 | $46,910,000 | $234,000 | $575,000 | $87,000 | $338,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $75,000 | $75,000 | $75,000 | $8,000 | $8,000 |
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 | 1,275 | $218,325,000 | $171,000 | $5,225,000 | $101,000 | $1,562,000 |
| Application Denied By Financial Institution | 1,014 | $122,570,000 | $120,000 | $1,685,000 | $66,000 | $665,000 |
| Application Withdrawn By Applicant | 696 | $103,630,000 | $148,000 | $2,755,000 | $63,000 | $1,224,000 |
| Application Approved But Not Accepted | 21 | $8,095,000 | $385,000 | $4,705,000 | $87,000 | $231,000 |
| File Closed For Incompleteness | 1 | $55,000 | $55,000 | $55,000 | $75,000 | $75,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,993 | $330,105,000 | $165,000 | $5,225,000 | $88,000 | $1,562,000 |
| Credit Application Incomplete | 442 | $56,890,000 | $128,000 | $655,000 | $73,000 | $495,000 |
| Other | 236 | $20,020,000 | $84,000 | $605,000 | $52,000 | $665,000 |
| Debt-To-Income Ratio | 171 | $25,395,000 | $148,000 | $1,685,000 | $58,000 | $285,000 |
| Credit History | 100 | $12,860,000 | $128,000 | $505,000 | $76,000 | $240,000 |
| Collateral | 40 | $4,350,000 | $108,000 | $395,000 | $106,000 | $350,000 |
| Employment History | 14 | $1,130,000 | $80,000 | $265,000 | $46,000 | $182,000 |
| Unverifiable Information | 6 | $510,000 | $85,000 | $155,000 | $25,000 | $59,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $1,415,000 | $283,000 | $815,000 | $69,000 | $95,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Keesler 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 Keesler 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 Mississippi, download the full spreadsheet
with aggregated HMDA statistics today.
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