Lafayette Federal Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, Lafayette Federal Credit Union of Rockville, MD reported 1,156 mortgage applications totaling $307.5 million, up 44% from 2023. The average application was for $266,029, and applicants reported an average income of $323,157. 56% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Arlington-Alexandria-Reston, VA-WV (111), Washington-Baltimore-Arlington, DC (97) and New York-Jersey City-White Plains, NY-NJ (79) (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 | 1,156 |
| Total Mortgage Loan Application Amount | $307,530,000 |
| Average Mortgage Loan Application Amount | $266,029 |
| Highest Mortgage Loan Application Amount | $1,835,000 |
| Average Applicant Income | $323,157 |
| Highest Applicant Income | $9,523,000 |
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records Lafayette Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 148 | $ 58,450,000 | $ 394,932 | $ 204,716 |
| Arlington-Alexandria-Reston, VA-WV | 111 | $ 32,005,000 | $ 288,333 | $ 278,450 |
| Washington-Baltimore-Arlington, DC | 97 | $ 26,975,000 | $ 278,092 | $ 214,000 |
| New York-Jersey City-White Plains, NY-NJ | 79 | $ 22,355,000 | $ 282,974 | $ 554,607 |
| Washington, DC-MD | 67 | $ 19,645,000 | $ 293,208 | $ 439,641 |
| Baltimore-Columbia-Towson, MD | 52 | $ 11,420,000 | $ 219,615 | $ 471,000 |
| Nassau County-Suffolk County, NY | 46 | $ 14,220,000 | $ 309,130 | $ 483,000 |
| Atlanta-Sandy Springs-Roswell, GA | 33 | $ 8,095,000 | $ 245,303 | $ 281,000 |
| Bridgeport-Stamford-Norwalk, CT | 22 | $ 5,910,000 | $ 268,636 | $ 645,000 |
| Raleigh, NC | 22 | $ 7,170,000 | $ 325,909 | $ 407,000 |
| Newark, NJ-PA | 21 | $ 3,975,000 | $ 189,285 | $ 250,000 |
| Phoenix-Mesa-Scottsdale, AZ | 19 | $ 3,255,000 | $ 171,315 | $ 219,000 |
| Lakewood-New Brunswick, NJ | 17 | $ 3,175,000 | $ 186,764 | $ 220,000 |
| Charlotte-Concord-Gastonia, NC-SC | 16 | $ 3,230,000 | $ 201,875 | $ 201,187 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 16 | $ 4,860,000 | $ 303,750 | $ 450,000 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | 15 | $ 3,255,000 | $ 217,000 | $ 573,000 |
| Los Angeles-Long Beach-Glendale, CA | 15 | $ 6,755,000 | $ 450,333 | $ 287,000 |
| San Diego-Carlsbad, CA | 15 | $ 2,885,000 | $ 192,333 | $ 186,000 |
| Miami-Miami Beach-Kendall, FL | 13 | $ 2,795,000 | $ 215,000 | $ 273,000 |
| Chicago-Naperville, IL | 12 | $ 1,800,000 | $ 150,000 | $ 223,000 |
| Orlando-Kissimmee-Sanford, FL | 11 | $ 3,055,000 | $ 277,727 | $ 144,000 |
| Richmond, VA | 11 | $ 3,005,000 | $ 273,181 | $ 192,000 |
| Riverside-San Bernardino-Ontario, CA | 11 | $ 1,755,000 | $ 159,545 | $ 179,000 |
| Tampa, FL | 10 | $ 1,480,000 | $ 148,000 | $ 465,000 |
| Denver-Aurora-Lakewood, CO | 9 | $ 1,375,000 | $ 152,777 | $ 193,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 9 | $ 1,815,000 | $ 201,666 | $ 219,000 |
| Lexington Park, MD | 9 | $ 1,885,000 | $ 209,444 | $ 134,000 |
| Montgomery County-Bucks County-Chester County, PA | 9 | $ 2,635,000 | $ 292,777 | $ 280,000 |
| Oakland-Hayward-Berkeley, CA | 9 | $ 2,035,000 | $ 226,111 | $ 429,000 |
| Philadelphia, PA | 8 | $ 1,540,000 | $ 192,500 | $ 474,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 8 | $ 1,240,000 | $ 155,000 | $ 198,000 |
| Las Vegas-Henderson-Paradise, NV | 7 | $ 1,345,000 | $ 192,142 | $ 249,000 |
| St. Louis, MO-IL | 7 | $ 1,335,000 | $ 190,714 | $ 312,857 |
| Marietta, GA | 6 | $ 1,280,000 | $ 213,333 | $ 257,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 6 | $ 1,480,000 | $ 246,666 | $ 208,000 |
| Anaheim-Santa Ana-Irvine, CA | 5 | $ 1,475,000 | $ 295,000 | $ 214,000 |
| Birmingham-Hoover, AL | 5 | $ 585,000 | $ 117,000 | $ 1,147,000 |
| Boston, MA | 5 | $ 1,715,000 | $ 343,000 | $ 282,000 |
| Camden, NJ | 5 | $ 835,000 | $ 167,000 | $ 1,456,000 |
| St. Petersburg-Clearwater-Largo, FL | 5 | $ 775,000 | $ 155,000 | $ 176,000 |
| Stockton-Lodi, CA | 5 | $ 965,000 | $ 193,000 | $ 207,000 |
| Wilmington, DE-MD-NJ | 5 | $ 1,245,000 | $ 249,000 | $ 189,400 |
| Allentown-Bethlehem-Easton, PA-NJ | 4 | $ 400,000 | $ 100,000 | $ 205,000 |
| Cape Coral-Fort Myers, FL | 4 | $ 340,000 | $ 85,000 | $ 96,000 |
| Houston-The Woodlands-Sugar Land, TX | 4 | $ 730,000 | $ 182,500 | $ 1,228,000 |
| Kahului-Wailuku-Lahaina, HI | 4 | $ 920,000 | $ 230,000 | $ 196,000 |
| Lakeland-Winter Haven, FL | 4 | $ 1,520,000 | $ 380,000 | $ 244,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 4 | $ 1,190,000 | $ 297,500 | $ 139,000 |
| Portland-South Portland, ME | 4 | $ 680,000 | $ 170,000 | $ 183,000 |
| Savannah, GA | 4 | $ 670,000 | $ 167,500 | $ 279,000 |
| Atlantic City-Hammonton, NJ | 3 | $ 575,000 | $ 191,666 | $ 308,000 |
| Charleston-North Charleston, SC | 3 | $ 415,000 | $ 138,333 | $ 2,242,000 |
| Charlottesville, VA | 3 | $ 665,000 | $ 221,666 | $ 180,000 |
| Fresno, CA | 3 | $ 815,000 | $ 271,666 | $ 239,000 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 485,000 | $ 161,666 | $ 349,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 3 | $ 575,000 | $ 191,666 | $ 442,000 |
| North Port-Sarasota-Bradenton, FL | 3 | $ 755,000 | $ 251,666 | $ 215,000 |
| Reno, NV | 3 | $ 595,000 | $ 198,333 | $ 238,000 |
| Winchester, VA-WV | 3 | $ 635,000 | $ 211,666 | $ 198,666 |
| Albany-Schenectady-Troy, NY | 2 | $ 510,000 | $ 255,000 | $ 282,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 580,000 | $ 290,000 | $ 197,000 |
| Cincinnati, OH-KY-IN | 2 | $ 240,000 | $ 120,000 | $ 114,000 |
| Cleveland, OH | 2 | $ 510,000 | $ 255,000 | $ 150,000 |
| Columbus, OH | 2 | $ 240,000 | $ 120,000 | $ 132,000 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 400,000 | $ 200,000 | $ 73,000 |
| Dover, DE | 2 | $ 140,000 | $ 70,000 | $ 211,000 |
| Fort Collins, CO | 2 | $ 160,000 | $ 80,000 | $ 197,000 |
| Gainesville, GA | 2 | $ 660,000 | $ 330,000 | $ 448,000 |
| Greeley, CO | 2 | $ 470,000 | $ 235,000 | $ 198,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 430,000 | $ 215,000 | $ 228,000 |
| Jacksonville, FL | 2 | $ 200,000 | $ 100,000 | $ 101,000 |
| Lafayette, LA | 2 | $ 140,000 | $ 70,000 | $ 177,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 760,000 | $ 380,000 | $ 355,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 930,000 | $ 465,000 | $ 444,000 |
| Providence-Warwick, RI-MA | 2 | $ 700,000 | $ 350,000 | $ 162,000 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 470,000 | $ 235,000 | $ 270,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 360,000 | $ 180,000 | $ 224,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 2 | $ 1,470,000 | $ 735,000 | $ 297,000 |
| San Rafael, CA | 2 | $ 250,000 | $ 125,000 | $ 141,000 |
| Springfield, IL | 2 | $ 160,000 | $ 80,000 | $ 150,000 |
| Tallahassee, FL | 2 | $ 130,000 | $ 65,000 | $ 60,000 |
| Trenton, NJ | 2 | $ 410,000 | $ 205,000 | $ 162,000 |
| Waterbury-Shelton, CT | 2 | $ 440,000 | $ 220,000 | $ 201,000 |
| Anchorage, AK | 1 | $ 55,000 | $ 55,000 | $ 55,000 |
| Athens-Clarke County, GA | 1 | $ 245,000 | $ 245,000 | $ 181,000 |
| Austin-Round Rock, TX | 1 | $ 225,000 | $ 225,000 | $ 176,000 |
| Bakersfield, CA | 1 | $ 105,000 | $ 105,000 | $ 327,000 |
| Boulder, CO | 1 | $ 55,000 | $ 55,000 | $ 80,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 1 | $ 205,000 | $ 205,000 | $ 86,000 |
| Chattanooga, TN-GA | 1 | $ 155,000 | $ 155,000 | $ 100,000 |
| Columbia, SC | 1 | $ 105,000 | $ 105,000 | $ 76,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 125,000 | $ 125,000 | $ 278,000 |
| Dallas-Plano-Irving, TX | 1 | $ 55,000 | $ 55,000 | $ 268,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 45,000 | $ 45,000 | $ 77,000 |
| Durham-Chapel Hill, NC | 1 | $ 315,000 | $ 315,000 | $ 415,000 |
| Elgin, IL | 1 | $ 105,000 | $ 105,000 | $ 498,000 |
| Fort Wayne, IN | 1 | $ 95,000 | $ 95,000 | $ 109,000 |
| Fort Worth-Arlington, TX | 1 | $ 25,000 | $ 25,000 | $ 126,000 |
| Idaho Falls, ID | 1 | $ 155,000 | $ 155,000 | $ 1,600,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 255,000 | $ 255,000 | $ 140,000 |
| Janesville-Beloit, WI | 1 | $ 155,000 | $ 155,000 | $ 225,000 |
| Kenosha, WI | 1 | $ 75,000 | $ 75,000 | $ 191,000 |
| Killeen-Temple, TX | 1 | $ 55,000 | $ 55,000 | $ 90,000 |
| Lake County-Porter County-Jasper County, IN | 1 | $ 25,000 | $ 25,000 | $ 84,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 25,000 | $ 25,000 | $ 97,000 |
| Macon-Bibb County, GA | 1 | $ 245,000 | $ 245,000 | $ 86,000 |
| Memphis, TN-MS-AR | 1 | $ 95,000 | $ 95,000 | $ 186,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 45,000 | $ 45,000 | $ 0 |
| Modesto, CA | 1 | $ 65,000 | $ 65,000 | $ 131,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 125,000 | $ 125,000 | $ 125,000 |
| Ocala, FL | 1 | $ 65,000 | $ 65,000 | $ 116,000 |
| Oklahoma City, OK | 1 | $ 525,000 | $ 525,000 | $ 206,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 85,000 | $ 85,000 | $ 199,000 |
| Pittsburgh, PA | 1 | $ 345,000 | $ 345,000 | $ 356,000 |
| Port St. Lucie, FL | 1 | $ 125,000 | $ 125,000 | $ 95,000 |
| Provo-Orem, UT | 1 | $ 285,000 | $ 285,000 | $ 206,000 |
| Rochester, NY | 1 | $ 75,000 | $ 75,000 | $ 127,000 |
| Salisbury, MD-DE | 1 | $ 95,000 | $ 95,000 | $ 95,000 |
| San Antonio-New Braunfels, TX | 1 | $ 45,000 | $ 45,000 | $ 170,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 655,000 | $ 655,000 | $ 238,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 305,000 | $ 305,000 | $ 350,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 135,000 | $ 135,000 | $ 255,000 |
| Spokane-Spokane Valley, WA | 1 | $ 275,000 | $ 275,000 | $ 61,000 |
| Staunton-Waynesboro, VA | 1 | $ 245,000 | $ 245,000 | $ 66,000 |
| Toledo, OH | 1 | $ 215,000 | $ 215,000 | $ 110,000 |
| Tucson, AZ | 1 | $ 155,000 | $ 155,000 | $ 77,000 |
| Tulsa, OK | 1 | $ 165,000 | $ 165,000 | $ 185,000 |
| Wildwood-The Villages, FL | 1 | $ 175,000 | $ 175,000 | $ 282,000 |
| Winston-Salem, NC | 1 | $ 45,000 | $ 45,000 | $ 91,000 |
| Worcester, MA-CT | 1 | $ 155,000 | $ 155,000 | $ 214,000 |
| York-Hanover, PA | 1 | $ 315,000 | $ 315,000 | $ 75,000 |
Mortgage Loan Application Detail Totals for Lafayette Federal Credit Union in 2024
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 786 | $159,190,000 | $202,000 | $1,125,000 | $339,000 | $9,523,000 |
| Home Purchase | 342 | $138,360,000 | $404,000 | $1,835,000 | $266,000 | $1,795,000 |
| Refinancing | 16 | $7,580,000 | $473,000 | $1,145,000 | $769,000 | $9,360,000 |
| Home Improvement | 7 | $1,215,000 | $173,000 | $305,000 | $370,000 | $1,600,000 |
| Cash-out Refinancing | 5 | $1,185,000 | $237,000 | $345,000 | $250,000 | $480,000 |
| 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 | 568 | $155,550,000 | $273,000 | $1,835,000 | $355,000 | $9,523,000 |
| Not Provided | 184 | $51,880,000 | $281,000 | $1,145,000 | $340,000 | $5,986,000 |
| Hispanic | 178 | $35,840,000 | $201,000 | $875,000 | $284,000 | $7,366,000 |
| Black or African American | 149 | $37,815,000 | $253,000 | $1,125,000 | $245,000 | $5,713,000 |
| Asian | 74 | $25,480,000 | $344,000 | $1,605,000 | $293,000 | $6,231,000 |
| American Indian or Alaskan Native | 3 | $965,000 | $321,000 | $505,000 | $203,000 | $237,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 1,156 | $307,530,000 | $266,000 | $1,835,000 | $323,000 | $9,523,000 |
| 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 | 643 | $155,405,000 | $241,000 | $1,505,000 | $270,000 | $1,795,000 |
| Application Denied By Financial Institution | 229 | $45,145,000 | $197,000 | $1,165,000 | $475,000 | $9,523,000 |
| Application Withdrawn By Applicant | 131 | $43,925,000 | $335,000 | $1,835,000 | $423,000 | $9,360,000 |
| Preapproval Approved but not Accepted | 80 | $37,810,000 | $472,000 | $1,605,000 | $181,000 | $542,000 |
| File Closed For Incompleteness | 34 | $11,570,000 | $340,000 | $1,365,000 | $372,000 | $6,559,000 |
| Application Approved But Not Accepted | 20 | $7,080,000 | $354,000 | $1,685,000 | $369,000 | $919,000 |
| Preapproval Denied by Financial Institution | 19 | $6,595,000 | $347,000 | $685,000 | $93,000 | $284,000 |
| 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 | 908 | $255,790,000 | $281,000 | $1,835,000 | $290,000 | $9,360,000 |
| Debt-To-Income Ratio | 75 | $19,005,000 | $253,000 | $1,165,000 | $118,000 | $339,000 |
| Credit History | 73 | $11,965,000 | $163,000 | $755,000 | $584,000 | $5,874,000 |
| Collateral | 38 | $8,200,000 | $215,000 | $675,000 | $902,000 | $9,523,000 |
| Unverifiable Information | 22 | $5,540,000 | $251,000 | $755,000 | $368,000 | $1,298,000 |
| Other | 21 | $4,175,000 | $198,000 | $485,000 | $239,000 | $526,000 |
| Credit Application Incomplete | 17 | $2,135,000 | $125,000 | $255,000 | $663,000 | $6,300,000 |
| Employment History | 1 | $565,000 | $565,000 | $565,000 | $202,000 | $202,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $155,000 | $155,000 | $155,000 | $64,000 | $64,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lafayette Federal Credit Union's 2024 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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