Mid-Atlantic FCU Mortgage Lending & HMDA Data, 2023
In 2023, Mid-Atlantic FCU of Germantown, MD reported 120 mortgage applications totaling $19.8 million, down 45% from 2022. The average application was for $165,000, and applicants reported an average income of $187,291. 44% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Washington-Baltimore-Arlington, DC (88), Washington-Arlington-Alexandria, DC-VA-MD-WV (15) and Baltimore-Columbia-Towson, MD (5) (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 | 120 |
| Total Mortgage Loan Application Amount | $19,800,000 |
| Average Mortgage Loan Application Amount | $165,000 |
| Highest Mortgage Loan Application Amount | $905,000 |
| Average Applicant Income | $187,291 |
| Highest Applicant Income | $1,906,000 |
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Act (HMDA) records Mid-Atlantic FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Washington-Baltimore-Arlington, DC | 88 | $ 13,730,000 | $ 156,022 | $ 184,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 15 | $ 2,015,000 | $ 134,333 | $ 234,933 |
| Baltimore-Columbia-Towson, MD | 5 | $ 575,000 | $ 115,000 | $ 142,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 1,140,000 | $ 570,000 | $ 263,500 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 200,000 | $ 100,000 | $ 79,000 |
| Salisbury, MD-DE | 2 | $ 610,000 | $ 305,000 | $ 218,500 |
| Chicago-Naperville, IL | 1 | $ 55,000 | $ 55,000 | $ 120,000 |
| Gary, IN | 1 | $ 185,000 | $ 185,000 | $ 76,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 715,000 | $ 715,000 | $ 165,000 |
| Richmond, VA | 1 | $ 265,000 | $ 265,000 | $ 160,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 285,000 | $ 285,000 | $ 268,000 |
| Winchester, VA-WV | 1 | $ 25,000 | $ 25,000 | $ 69,000 |
Mortgage Loan Application Detail Totals for Mid-Atlantic FCU in 2023
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 | 100 | $12,790,000 | $127,000 | $505,000 | $188,000 | $1,906,000 |
| Home Purchase | 14 | $5,550,000 | $396,000 | $905,000 | $200,000 | $425,000 |
| Cash-out Refinancing | 4 | $1,090,000 | $272,000 | $435,000 | $166,000 | $226,000 |
| Home Improvement | 1 | $75,000 | $75,000 | $75,000 | $101,000 | $101,000 |
| Refinancing | 1 | $295,000 | $295,000 | $295,000 | $110,000 | $110,000 |
| 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 | 65 | $11,105,000 | $170,000 | $715,000 | $212,000 | $1,906,000 |
| Black or African American | 27 | $4,835,000 | $179,000 | $755,000 | $186,000 | $425,000 |
| Hispanic | 12 | $910,000 | $75,000 | $165,000 | $94,000 | $196,000 |
| Asian | 12 | $2,350,000 | $195,000 | $905,000 | $168,000 | $315,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $75,000 | $75,000 | $75,000 | $106,000 | $106,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 120 | $19,800,000 | $165,000 | $905,000 | $187,000 | $1,906,000 |
| 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 | 53 | $9,395,000 | $177,000 | $905,000 | $168,000 | $481,000 |
| Application Denied By Financial Institution | 33 | $4,565,000 | $138,000 | $405,000 | $145,000 | $353,000 |
| Application Withdrawn By Applicant | 33 | $5,815,000 | $176,000 | $755,000 | $261,000 | $1,906,000 |
| Application Approved But Not Accepted | 1 | $25,000 | $25,000 | $25,000 | $143,000 | $143,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 87 | $15,235,000 | $175,000 | $905,000 | $203,000 | $1,906,000 |
| Debt-To-Income Ratio | 16 | $1,960,000 | $122,000 | $305,000 | $96,000 | $200,000 |
| Other | 5 | $715,000 | $143,000 | $405,000 | $214,000 | $315,000 |
| Credit History | 5 | $435,000 | $87,000 | $155,000 | $229,000 | $353,000 |
| Credit Application Incomplete | 4 | $1,030,000 | $257,000 | $365,000 | $176,000 | $334,000 |
| Collateral | 2 | $170,000 | $85,000 | $135,000 | $147,000 | $229,000 |
| Employment History | 1 | $255,000 | $255,000 | $255,000 | $43,000 | $43,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Atlantic FCU's 2023 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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