Lafayette Federal Credit Union Mortgage Lending & HMDA Data, 2016
In 2016, Lafayette Federal Credit Union of Rockville, MD reported 389 mortgage applications totaling $66.9 million, down 14% from 2015. The average application was for $171,874, and applicants reported an average income of $143,586. 65% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (209), Silver Spring-Frederick-Rockville, MD (52) and Baltimore-Columbia-Towson, MD (40) (applications in parentheses).
| Mortgage Company & Address | Lafayette Federal Credit Union 2701 Tower Oaks Blvd., Rockville, MD 20852 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 | 389 |
| Total Mortgage Loan Application Amount | $66,859,000 |
| Average Mortgage Loan Application Amount | $171,874 |
| Highest Mortgage Loan Application Amount | $1,280,000 |
| Average Applicant Income | $143,586 |
| Highest Applicant Income | $848,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lafayette Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 209 | $ 37,041,000 | $ 177,229 | $ 145,502 |
| Silver Spring-Frederick-Rockville, MD | 52 | $ 11,230,000 | $ 215,961 | $ 144,000 |
| Baltimore-Columbia-Towson, MD | 40 | $ 2,480,000 | $ 62,000 | $ 119,000 |
| California-Lexington Park, MD | 4 | $ 125,000 | $ 31,250 | $ 142,000 |
| Richmond, VA | 4 | $ 106,000 | $ 26,500 | $ 90,000 |
| Roanoke, VA | 4 | $ 86,000 | $ 21,500 | $ 78,000 |
| Salisbury, MD-DE | 4 | $ 2,947,000 | $ 736,750 | $ 599,000 |
| Hagerstown-Martinsburg, MD-WV | 3 | $ 96,000 | $ 32,000 | $ 102,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 1,423,000 | $ 474,333 | $ 151,000 |
| Wilmington, DE-MD-NJ | 3 | $ 70,000 | $ 23,333 | $ 55,000 |
| Winchester, VA-WV | 3 | $ 97,000 | $ 32,333 | $ 118,000 |
| Dallas-Plano-Irving, TX | 2 | $ 821,000 | $ 410,500 | $ 130,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 261,000 | $ 130,500 | $ 154,000 |
| Las Vegas-Henderson-Paradise, NV | 2 | $ 337,000 | $ 168,500 | $ 89,000 |
| Lynchburg, VA | 2 | $ 39,000 | $ 19,500 | $ 78,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 590,000 | $ 295,000 | $ 220,000 |
| Albany, OR | 1 | $ 280,000 | $ 280,000 | $ 220,000 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 600,000 | $ 600,000 | $ 284,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 405,000 | $ 405,000 | $ 138,000 |
| Boston, MA | 1 | $ 240,000 | $ 240,000 | $ 274,000 |
| Camden, NJ | 1 | $ 154,000 | $ 154,000 | $ 49,000 |
| Charleston-North Charleston, SC | 1 | $ 335,000 | $ 335,000 | $ 115,000 |
| Charlottesville, VA | 1 | $ 30,000 | $ 30,000 | $ 136,000 |
| Chicago-Naperville-Arlington Heights, IL | 1 | $ 164,000 | $ 164,000 | $ 97,000 |
| Columbia, SC | 1 | $ 108,000 | $ 108,000 | $ 65,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 366,000 | $ 366,000 | $ 224,000 |
| Durham-Chapel Hill, NC | 1 | $ 328,000 | $ 328,000 | $ 161,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 117,000 | $ 117,000 | $ 100,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 164,000 | $ 164,000 | $ 67,000 |
| Jacksonville, FL | 1 | $ 268,000 | $ 268,000 | $ 150,000 |
| Knoxville, TN | 1 | $ 265,000 | $ 265,000 | $ 77,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 238,000 | $ 238,000 | $ 58,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 304,000 | $ 304,000 | $ 85,000 |
| New Bern, NC | 1 | $ 175,000 | $ 175,000 | $ 87,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 275,000 | $ 275,000 | $ 66,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 187,000 | $ 187,000 | $ 63,000 |
| Philadelphia, PA | 1 | $ 290,000 | $ 290,000 | $ 75,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 100,000 | $ 100,000 | $ 131,000 |
| Pittsburgh, PA | 1 | $ 608,000 | $ 608,000 | $ 645,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 177,000 | $ 177,000 | $ 173,000 |
| Raleigh, NC | 1 | $ 270,000 | $ 270,000 | $ 152,000 |
| Rochester, NY | 1 | $ 120,000 | $ 120,000 | $ 64,000 |
| Salinas, CA | 1 | $ 458,000 | $ 458,000 | $ 127,000 |
| San Antonio-New Braunfels, TX | 1 | $ 263,000 | $ 263,000 | $ 70,000 |
| Staunton-Waynesboro, VA | 1 | $ 33,000 | $ 33,000 | $ 123,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 162,000 | $ 162,000 | $ 149,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 245,000 | $ 245,000 | $ 8,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 316,000 | $ 316,000 | $ 325,000 |
Mortgage Loan Application Detail Totals for Lafayette Federal Credit Union in 2016
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 Improvement | 215 | $6,589,000 | $30,000 | $50,000 | $131,000 | $540,000 |
| Refinancing | 98 | $34,712,000 | $354,000 | $955,000 | $167,000 | $848,000 |
| Home Purchase | 76 | $25,558,000 | $336,000 | $1,280,000 | $149,000 | $793,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 229 | $11,340,000 | $49,000 | $600,000 | $131,000 | $540,000 |
| White | 95 | $34,410,000 | $362,000 | $1,280,000 | $184,000 | $793,000 |
| Black or African American | 29 | $7,354,000 | $253,000 | $495,000 | $96,000 | $247,000 |
| Hispanic | 18 | $7,727,000 | $429,000 | $925,000 | $110,000 | $247,000 |
| Asian | 16 | $5,334,000 | $333,000 | $955,000 | $212,000 | $848,000 |
| American Indian or Alaskan Native | 1 | $590,000 | $590,000 | $590,000 | $279,000 | $279,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $104,000 | $104,000 | $104,000 | $44,000 | $44,000 |
| 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) | 384 | $65,499,000 | $170,000 | $1,280,000 | $144,000 | $848,000 |
| FHA-insured (Federal Housing Administration) | 3 | $877,000 | $292,000 | $368,000 | $133,000 | $219,000 |
| VA-guaranteed (Veterans Administration) | 2 | $483,000 | $241,000 | $245,000 | $33,000 | $58,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 251 | $41,096,000 | $163,000 | $1,280,000 | $150,000 | $793,000 |
| Application Approved But Not Accepted | 56 | $1,498,000 | $26,000 | $50,000 | $123,000 | $540,000 |
| Application Denied By Financial Institution | 42 | $10,801,000 | $257,000 | $925,000 | $106,000 | $285,000 |
| Application Withdrawn By Applicant | 37 | $12,848,000 | $347,000 | $626,000 | $175,000 | $848,000 |
| File Closed For Incompleteness | 1 | $188,000 | $188,000 | $188,000 | $233,000 | $233,000 |
| Preapproval Approved but not Accepted | 1 | $138,000 | $138,000 | $138,000 | $95,000 | $95,000 |
| Preapproval Denied by Financial Institution | 1 | $290,000 | $290,000 | $290,000 | $65,000 | $65,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 13 | $854,000 | $65,000 | $417,000 | $97,000 | $196,000 |
| Credit History | 3 | $509,000 | $169,000 | $285,000 | $156,000 | $247,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $200,000 | $100,000 | $120,000 | $73,000 | $83,000 |
| Unverifiable Information | 1 | $285,000 | $285,000 | $285,000 | $210,000 | $210,000 |
| Debt-To-Income Ratio | 1 | $90,000 | $90,000 | $90,000 | $17,000 | $17,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lafayette Federal Credit Union's 2016 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 Lafayette 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 Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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