Mid-Atlantic FCU Mortgage Lending & HMDA Data, 2004
In 2004, Mid-Atlantic FCU of Germantown, MD reported 338 mortgage applications totaling $82.7 million, down 50% from 2003. The average application was for $244,547, and applicants reported an average income of $94,133. 62% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Bethesda-Frederick-Gaithersburg, MD (187), Baltimore-Towson, MD (24) and Washington-Arlington-Alexandria, DC-VA-MD-WV (7) (applications in parentheses).
| Mortgage Company & Address | Mid-Atlantic FCU 12820 Wisteria Drive Germantown, MD 20874 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 | 338 |
| Total Mortgage Loan Application Amount | $82,657,000 |
| Average Mortgage Loan Application Amount | $244,547 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $94,133 |
| Highest Applicant Income | $492,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mid-Atlantic FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Bethesda-Frederick-Gaithersburg, MD | 187 | $ 48,178,000 | $ 257,636 | $ 87,000 |
| Baltimore-Towson, MD | 24 | $ 5,006,000 | $ 208,583 | $ 136,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 7 | $ 1,504,000 | $ 214,857 | $ 95,000 |
| Hagerstown-Martinsburg, MD-WV | 4 | $ 658,000 | $ 164,500 | $ 50,000 |
| Palm Bay-Melbourne-Titusville, FL | 4 | $ 361,000 | $ 90,250 | $ 82,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 3 | $ 434,000 | $ 144,666 | $ 112,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 332,000 | $ 166,000 | $ 86,000 |
| Burlington-South Burlington, VT | 1 | $ 280,000 | $ 280,000 | $ 277,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 275,000 | $ 275,000 | $ 110,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 236,000 | $ 236,000 | $ 129,000 |
| Danville, VA | 1 | $ 152,000 | $ 152,000 | $ 39,000 |
| Edison, NJ | 1 | $ 100,000 | $ 100,000 | $ 75,000 |
| Kansas City, MO-KS | 1 | $ 122,000 | $ 122,000 | $ 28,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 1 | $ 80,000 | $ 80,000 | $ 136,000 |
| Naples-Marco Island, FL | 1 | $ 210,000 | $ 210,000 | $ 123,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 71,000 | $ 71,000 | $ 41,000 |
| Orlando, FL | 1 | $ 124,000 | $ 124,000 | $ 94,000 |
| Parkersburg-Marietta, WV-OH | 1 | $ 134,000 | $ 134,000 | $ 61,000 |
| Raleigh-Cary, NC | 1 | $ 335,000 | $ 335,000 | $ 174,000 |
| Richmond, VA | 1 | $ 125,000 | $ 125,000 | $ 83,000 |
| Savannah, GA | 1 | $ 180,000 | $ 180,000 | $ 135,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 164,000 | $ 164,000 | $ 109,000 |
| York-Hanover, PA | 1 | $ 137,000 | $ 137,000 | $ 137,000 |
Mortgage Loan Application Detail Totals for Mid-Atlantic FCU in 2004
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 |
|---|---|---|---|---|---|---|
| Refinancing | 207 | $50,095,000 | $216,444 | $1,800,000 | $104,000 | $410,000 |
| Home Purchase | 131 | $32,562,000 | $211,846 | $700,000 | $121,384 | $492,000 |
| Home Improvement | 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 | 224 | $53,896,000 | $204,500 | $1,800,000 | $120,750 | $492,000 |
| Black or African American | 70 | $15,437,000 | $194,166 | $635,000 | $74,000 | $327,000 |
| Asian | 35 | $11,589,000 | $355,000 | $659,000 | $122,000 | $329,000 |
| Hispanic | 6 | $1,140,000 | $190,000 | $240,000 | $64,000 | $135,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $395,000 | $197,000 | $262,000 | $75,000 | $115,000 |
| Not Provided | 1 | $200,000 | $200,000 | $200,000 | $37,000 | $37,000 |
| 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) | 338 | $82,657,000 | $197,941 | $1,800,000 | $116,705 | $492,000 |
| 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 | 210 | $51,171,000 | $216,153 | $1,800,000 | $128,692 | $410,000 |
| Application Withdrawn By Applicant | 95 | $23,990,000 | $188,875 | $1,785,000 | $89,625 | $492,000 |
| Application Denied By Financial Institution | 30 | $7,060,000 | $191,666 | $630,000 | $82,000 | $296,000 |
| Application Approved But Not Accepted | 3 | $436,000 | $121,500 | $225,000 | $42,500 | $62,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 10 | $2,007,000 | $177,666 | $290,000 | $79,833 | $115,000 |
| Debt-To-Income Ratio | 9 | $1,984,000 | $169,000 | $533,000 | $34,500 | $85,000 |
| Mortgage Insurance Denied | 3 | $714,000 | $238,000 | $323,000 | $92,000 | $117,000 |
| Other | 2 | $652,000 | $326,000 | $500,000 | $165,000 | $296,000 |
| Employment History | 2 | $935,000 | $467,500 | $630,000 | $178,500 | $247,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Atlantic FCU's 2004 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 Mid-Atlantic FCU'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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