Lower Valley Credit Union Mortgage Lending & HMDA Data, 2017
In 2017, Lower Valley Credit Union of Sunnyside, WA reported 615 mortgage applications totaling $70.4 million, down 20% from 2016. The average application was for $114,510, and applicants reported an average income of $46,957. 7% of its applications resulted in an originated loan and 60% were denied. Its largest markets were Yakima, WA (317), Kennewick-Richland, WA (202) and Wenatchee, WA (12) (applications in parentheses).
| Mortgage Company & Address | Lower Valley Credit Union 900 Yakima Valley Hwy Sunnyside, WA 98930 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 615 |
| Total Mortgage Loan Application Amount | $70,424,000 |
| Average Mortgage Loan Application Amount | $114,510 |
| Highest Mortgage Loan Application Amount | $425,000 |
| Average Applicant Income | $46,957 |
| Highest Applicant Income | $219,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lower Valley Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Yakima, Washington | 317 | $ 33,525,000 | $ 105,757 | $ 45,000 |
| Franklin, Washington | 111 | $ 14,340,000 | $ 129,189 | $ 49,000 |
| Benton, Washington | 91 | $ 10,595,000 | $ 116,428 | $ 50,000 |
| Grant, Washington | 45 | $ 5,189,000 | $ 115,311 | $ 48,000 |
| Adams, Washington | 20 | $ 2,688,000 | $ 134,400 | $ 51,000 |
| Walla Walla, Washington | 8 | $ 940,000 | $ 117,500 | $ 50,000 |
| Chelan, Washington | 6 | $ 686,000 | $ 114,333 | $ 41,000 |
| Douglas, Washington | 6 | $ 728,000 | $ 121,333 | $ 49,000 |
| Kittitas, Washington | 4 | $ 580,000 | $ 145,000 | $ 57,000 |
| King, Washington | 2 | $ 419,000 | $ 209,500 | $ 155,000 |
| Klickitat, Washington | 2 | $ 215,000 | $ 107,500 | $ 43,000 |
| Alameda, California | 1 | $ 239,000 | $ 239,000 | $ 72,000 |
| Umatilla, Oregon | 1 | $ 180,000 | $ 180,000 | $ 78,000 |
| Columbia, Washington | 1 | $ 100,000 | $ 100,000 | $ 53,000 |
Mortgage Loan Application Detail Totals for Lower Valley Credit Union in 2017
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 | 548 | $64,871,000 | $118,000 | $425,000 | $46,000 | $219,000 |
| Refinancing | 56 | $5,059,000 | $90,000 | $222,000 | $52,000 | $103,000 |
| Home Improvement | 11 | $494,000 | $44,000 | $93,000 | $69,000 | $210,000 |
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 | 494 | $57,545,000 | $116,000 | $425,000 | $46,000 | $219,000 |
| Hispanic | 116 | $12,653,000 | $109,000 | $250,000 | $52,000 | $103,000 |
| White | 5 | $226,000 | $45,000 | $77,000 | $92,000 | $210,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 615 | $70,424,000 | $114,000 | $425,000 | $47,000 | $219,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 368 | $42,058,000 | $114,000 | $425,000 | $46,000 | $219,000 |
| File Closed For Incompleteness | 128 | $15,347,000 | $119,000 | $305,000 | $45,000 | $95,000 |
| Application Approved But Not Accepted | 51 | $5,843,000 | $114,000 | $250,000 | $51,000 | $102,000 |
| Loan Originated | 44 | $4,252,000 | $96,000 | $217,000 | $65,000 | $210,000 |
| Application Withdrawn By Applicant | 24 | $2,924,000 | $121,000 | $250,000 | $44,000 | $94,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 306 | $35,365,000 | $115,000 | $425,000 | $45,000 | $154,000 |
| Other | 26 | $2,575,000 | $99,000 | $260,000 | $55,000 | $219,000 |
| Debt-To-Income Ratio | 17 | $1,816,000 | $106,000 | $185,000 | $40,000 | $83,000 |
| Unverifiable Information | 8 | $1,058,000 | $132,000 | $180,000 | $54,000 | $72,000 |
| Employment History | 7 | $836,000 | $119,000 | $160,000 | $27,000 | $43,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $260,000 | $130,000 | $160,000 | $60,000 | $71,000 |
| Collateral | 1 | $100,000 | $100,000 | $100,000 | $77,000 | $77,000 |
| Credit Application Incomplete | 1 | $48,000 | $48,000 | $48,000 | $44,000 | $44,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lower Valley Credit Union's 2017 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 Lower Valley 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 Washington, download the full spreadsheet
with aggregated HMDA statistics today.
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