Louisiana Federal Credit Union Mortgage Lending & HMDA Data, 2018
In 2018, Louisiana Federal Credit Union of Laplace, LA reported 143 mortgage applications totaling $18.6 million, about the same as 2017. The average application was for $129,825, and applicants reported an average income of $100,993. 60% of its applications resulted in an originated loan and 14% were denied. Its largest markets were New Orleans-Metairie, LA (82), Hammond, LA (25) and Baton Rouge, LA (22) (applications in parentheses).
| Mortgage Company & Address | Louisiana Federal Credit Union 805 Robin Street Laplace, LA 70068 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 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 | 143 |
| Total Mortgage Loan Application Amount | $18,565,000 |
| Average Mortgage Loan Application Amount | $129,825 |
| Highest Mortgage Loan Application Amount | $375,000 |
| Average Applicant Income | $100,993 |
| Highest Applicant Income | $286,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Louisiana Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| St. John the Baptist, Louisiana | 34 | $ 3,340,000 | $ 98,235 | $ 75,000 |
| Tangipahoa, Louisiana | 25 | $ 3,765,000 | $ 150,600 | $ 115,000 |
| St. Charles, Louisiana | 23 | $ 2,895,000 | $ 125,869 | $ 105,000 |
| Ascension, Louisiana | 11 | $ 1,815,000 | $ 165,000 | $ 142,000 |
| Jefferson, Louisiana | 11 | $ 1,495,000 | $ 135,909 | $ 109,000 |
| St. James, Louisiana | 9 | $ 1,015,000 | $ 112,777 | $ 107,000 |
| Livingston, Louisiana | 5 | $ 815,000 | $ 163,000 | $ 168,000 |
| East Baton Rouge, Louisiana | 4 | $ 920,000 | $ 230,000 | $ 107,000 |
| St. Tammany, Louisiana | 4 | $ 610,000 | $ 152,500 | $ 92,000 |
| Lafourche, Louisiana | 2 | $ 220,000 | $ 110,000 | $ 102,000 |
| Assumption, Louisiana | 1 | $ 35,000 | $ 35,000 | $ 142,000 |
| Avoyelles, Louisiana | 1 | $ 75,000 | $ 75,000 | $ 72,000 |
| St. Bernard, Louisiana | 1 | $ 115,000 | $ 115,000 | $ 64,000 |
| St. Helena, Louisiana | 1 | $ 65,000 | $ 65,000 | $ 40,000 |
| West Baton Rouge, Louisiana | 1 | $ 195,000 | $ 195,000 | $ 99,000 |
Mortgage Loan Application Detail Totals for Louisiana Federal Credit Union in 2018
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 Purchase | 66 | $10,670,000 | $161,000 | $375,000 | $85,000 | $220,000 |
| Cash-out Refinancing | 35 | $3,925,000 | $112,000 | $265,000 | $104,000 | $286,000 |
| Other Purpose | 16 | $1,280,000 | $80,000 | $305,000 | $105,000 | $187,000 |
| Refinancing | 15 | $2,045,000 | $136,000 | $355,000 | $119,000 | $189,000 |
| Home Improvement | 11 | $645,000 | $58,000 | $145,000 | $157,000 | $267,000 |
| 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 | 103 | $13,935,000 | $135,000 | $375,000 | $104,000 | $286,000 |
| Black or African American | 26 | $2,720,000 | $104,000 | $335,000 | $87,000 | $267,000 |
| Not Provided | 10 | $1,200,000 | $120,000 | $245,000 | $99,000 | $177,000 |
| Hispanic | 2 | $480,000 | $240,000 | $325,000 | $137,000 | $145,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $115,000 | $115,000 | $115,000 | $64,000 | $64,000 |
| Asian | 1 | $115,000 | $115,000 | $115,000 | $152,000 | $152,000 |
| American Indian or Alaskan Native | 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) | 139 | $18,125,000 | $130,000 | $375,000 | $102,000 | $286,000 |
| FHA-insured (Federal Housing Administration) | 3 | $215,000 | $71,000 | $125,000 | $54,000 | $95,000 |
| VA-guaranteed (Veterans Administration) | 1 | $225,000 | $225,000 | $225,000 | $106,000 | $106,000 |
| 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 | 86 | $11,820,000 | $137,000 | $355,000 | $102,000 | $286,000 |
| Application Withdrawn By Applicant | 25 | $3,395,000 | $135,000 | $375,000 | $100,000 | $183,000 |
| Application Denied By Financial Institution | 20 | $1,830,000 | $91,000 | $265,000 | $111,000 | $267,000 |
| File Closed For Incompleteness | 8 | $1,030,000 | $128,000 | $245,000 | $93,000 | $183,000 |
| Preapproval Denied by Financial Institution | 4 | $490,000 | $122,000 | $215,000 | $46,000 | $83,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 143 | $18,565,000 | $129,000 | $375,000 | $101,000 | $286,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Louisiana Federal Credit Union's 2018 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 Louisiana 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 Louisiana, download the full spreadsheet
with aggregated HMDA statistics today.
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