Mass. Institute Of Tech. Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2020
Mass. Institute Of Tech. Federal Credit Union 2020 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Mass. Institute Of Tech. Federal Credit Union 700 Technology Square Cambridge, MA 02139 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 823 |
| Total Mortgage Loan Application Amount | $246,615,000 |
| Average Mortgage Loan Application Amount | $289,400 |
| Highest Mortgage Loan Application Amount | $2,225,000 |
| Average Applicant Income | $199,800 |
| Highest Applicant Income | $8,888,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2020 with Mass. Institute Of Tech. Federal Credit Union. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Mass. Institute Of Tech. Federal Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2020 breaks down Mass. Institute Of Tech. Federal Credit Union's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Mass. Institute Of Tech. Federal Credit Union serves its applicants.
Each category highlights the total number of mortgage applications processed by Mass. Institute Of Tech. Federal Credit Union, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Mass. Institute Of Tech. Federal Credit Union's mortgage activity for 2020.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Middlesex County Massachusetts | 331 | $ 105,575,000 | $ 318,000 | $ 196,000 |
| Norfolk County Massachusetts | 75 | $ 22,935,000 | $ 305,000 | $ 179,000 |
| Suffolk County Massachusetts | 57 | $ 15,355,000 | $ 269,000 | $ 182,000 |
| Essex County Massachusetts | 51 | $ 12,265,000 | $ 240,000 | $ 148,000 |
| Worcester County Massachusetts | 26 | $ 6,710,000 | $ 258,000 | $ 184,000 |
| Hillsborough County New Hampshire | 20 | $ 3,780,000 | $ 189,000 | $ 189,000 |
| Rockingham County New Hampshire | 14 | $ 2,190,000 | $ 156,000 | $ 128,000 |
| Plymouth County Massachusetts | 13 | $ 3,725,000 | $ 286,000 | $ 821,000 |
| King County Washington | 9 | $ 4,905,000 | $ 545,000 | $ 253,000 |
| Los Angeles County California | 8 | $ 2,540,000 | $ 317,000 | $ 234,000 |
| District of Columbia County District Of Columbia | 6 | $ 1,390,000 | $ 231,000 | $ 178,000 |
| Barnstable County Massachusetts | 6 | $ 1,800,000 | $ 300,000 | $ 307,000 |
| Davidson County Tennessee | 6 | $ 1,060,000 | $ 176,000 | $ 117,000 |
| Bexar County Texas | 5 | $ 1,405,000 | $ 281,000 | $ 98,000 |
| Harris County Texas | 5 | $ 1,845,000 | $ 369,000 | $ 176,000 |
| San Diego County California | 4 | $ 1,190,000 | $ 297,000 | $ 154,000 |
| Santa Clara County California | 4 | $ 2,290,000 | $ 572,000 | $ 204,000 |
| Orange County Florida | 4 | $ 1,030,000 | $ 257,000 | $ 131,000 |
| Cook County Illinois | 4 | $ 1,100,000 | $ 275,000 | $ 203,000 |
| Travis County Texas | 4 | $ 1,330,000 | $ 332,000 | $ 196,000 |
| Orange County California | 3 | $ 615,000 | $ 205,000 | $ 458,000 |
| San Mateo County California | 3 | $ 1,865,000 | $ 621,000 | $ 263,000 |
| Jefferson County Colorado | 3 | $ 765,000 | $ 255,000 | $ 218,000 |
| York County Maine | 3 | $ 845,000 | $ 281,000 | $ 180,000 |
| Hennepin County Minnesota | 3 | $ 1,045,000 | $ 348,000 | $ 208,000 |
| Jackson County Missouri | 3 | $ 375,000 | $ 125,000 | $ 66,000 |
| Essex County New Jersey | 3 | $ 1,365,000 | $ 455,000 | $ 249,000 |
| Nassau County New York | 3 | $ 775,000 | $ 258,000 | $ 90,000 |
| New York County New York | 3 | $ 1,395,000 | $ 465,000 | $ 238,000 |
| Suffolk County New York | 3 | $ 955,000 | $ 318,000 | $ 325,000 |
| Multnomah County Oregon | 3 | $ 875,000 | $ 291,000 | $ 165,000 |
| Providence County Rhode Island | 3 | $ 575,000 | $ 191,000 | $ 208,000 |
| El Paso County Texas | 3 | $ 435,000 | $ 145,000 | $ 124,000 |
| Maricopa County Arizona | 2 | $ 300,000 | $ 150,000 | $ 146,000 |
| Alameda County California | 2 | $ 520,000 | $ 260,000 | $ 144,000 |
| Sacramento County California | 2 | $ 570,000 | $ 285,000 | $ 117,000 |
| Boulder County Colorado | 2 | $ 920,000 | $ 460,000 | $ 416,000 |
| Hartford County Connecticut | 2 | $ 1,280,000 | $ 640,000 | $ 387,000 |
| New Haven County Connecticut | 2 | $ 450,000 | $ 225,000 | $ 80,000 |
| Miami-Dade County Florida | 2 | $ 1,310,000 | $ 655,000 | $ 267,000 |
| Palm Beach County Florida | 2 | $ 660,000 | $ 330,000 | $ 154,000 |
| Walton County Florida | 2 | $ 360,000 | $ 180,000 | $ 330,000 |
| Fulton County Georgia | 2 | $ 290,000 | $ 145,000 | $ 248,000 |
| Gwinnett County Georgia | 2 | $ 170,000 | $ 85,000 | $ 155,000 |
| DuPage County Illinois | 2 | $ 580,000 | $ 290,000 | $ 173,000 |
| Montgomery County Maryland | 2 | $ 360,000 | $ 180,000 | $ 274,000 |
| Hampshire County Massachusetts | 2 | $ 710,000 | $ 355,000 | $ 285,000 |
| Nantucket County Massachusetts | 2 | $ 810,000 | $ 405,000 | $ 254,000 |
| Washoe County Nevada | 2 | $ 550,000 | $ 275,000 | $ 109,000 |
| Grafton County New Hampshire | 2 | $ 160,000 | $ 80,000 | $ 265,000 |
| Merrimack County New Hampshire | 2 | $ 440,000 | $ 220,000 | $ 151,000 |
| Sussex County New Jersey | 2 | $ 510,000 | $ 255,000 | $ 494,000 |
| Bernalillo County New Mexico | 2 | $ 530,000 | $ 265,000 | $ 62,000 |
| Santa Fe County New Mexico | 2 | $ 640,000 | $ 320,000 | $ 229,000 |
| Allegheny County Pennsylvania | 2 | $ 790,000 | $ 395,000 | $ 270,000 |
| Philadelphia County Pennsylvania | 2 | $ 310,000 | $ 155,000 | $ 147,000 |
| Anchorage County Alaska | 1 | $ 285,000 | $ 285,000 | $ 165,000 |
| Pima County Arizona | 1 | $ 215,000 | $ 215,000 | $ 208,000 |
| Contra Costa County California | 1 | $ 745,000 | $ 745,000 | $ 170,000 |
| Kern County California | 1 | $ 335,000 | $ 335,000 | $ 140,000 |
| Riverside County California | 1 | $ 415,000 | $ 415,000 | $ 194,000 |
| Santa Barbara County California | 1 | $ 105,000 | $ 105,000 | $ 138,000 |
| Santa Cruz County California | 1 | $ 305,000 | $ 305,000 | $ 138,000 |
| Ventura County California | 1 | $ 715,000 | $ 715,000 | $ 170,000 |
| Arapahoe County Colorado | 1 | $ 515,000 | $ 515,000 | $ 189,000 |
| Denver County Colorado | 1 | $ 395,000 | $ 395,000 | $ 175,000 |
| Douglas County Colorado | 1 | $ 255,000 | $ 255,000 | $ 101,000 |
| El Paso County Colorado | 1 | $ 385,000 | $ 385,000 | $ 103,000 |
| Lake County Colorado | 1 | $ 405,000 | $ 405,000 | $ 83,000 |
| Litchfield County Connecticut | 1 | $ 325,000 | $ 325,000 | $ 161,000 |
| Brevard County Florida | 1 | $ 285,000 | $ 285,000 | $ 115,000 |
| Flagler County Florida | 1 | $ 205,000 | $ 205,000 | $ 146,000 |
| Hillsborough County Florida | 1 | $ 185,000 | $ 185,000 | $ 195,000 |
| Okaloosa County Florida | 1 | $ 115,000 | $ 115,000 | $ 63,000 |
| Pinellas County Florida | 1 | $ 405,000 | $ 405,000 | $ 346,000 |
| St. Johns County Florida | 1 | $ 285,000 | $ 285,000 | $ 65,000 |
| Sumter County Florida | 1 | $ 25,000 | $ 25,000 | $ 81,000 |
| DeKalb County Georgia | 1 | $ 355,000 | $ 355,000 | $ 197,000 |
| Maui County Hawaii | 1 | $ 455,000 | $ 455,000 | $ 547,000 |
| McLean County Illinois | 1 | $ 215,000 | $ 215,000 | $ 63,000 |
| Will County Illinois | 1 | $ 115,000 | $ 115,000 | $ 271,000 |
| Boone County Indiana | 1 | $ 305,000 | $ 305,000 | $ 199,000 |
| Marion County Indiana | 1 | $ 105,000 | $ 105,000 | $ 114,000 |
| Butler County Kansas | 1 | $ 185,000 | $ 185,000 | $ 122,000 |
| Fayette County Kentucky | 1 | $ 235,000 | $ 235,000 | $ 169,000 |
| East Baton Rouge County Louisiana | 1 | $ 355,000 | $ 355,000 | $ 158,000 |
| Androscoggin County Maine | 1 | $ 565,000 | $ 565,000 | $ 255,000 |
| Cumberland County Maine | 1 | $ 345,000 | $ 345,000 | $ 197,000 |
| Knox County Maine | 1 | $ 195,000 | $ 195,000 | $ 146,000 |
| Oxford County Maine | 1 | $ 485,000 | $ 485,000 | $ 210,000 |
| Anne Arundel County Maryland | 1 | $ 305,000 | $ 305,000 | $ 544,000 |
| Baltimore City County Maryland | 1 | $ 185,000 | $ 185,000 | $ 1,109,000 |
| Howard County Maryland | 1 | $ 375,000 | $ 375,000 | $ 148,000 |
| Berkshire County Massachusetts | 1 | $ 65,000 | $ 65,000 | $ 300,000 |
| Bristol County Massachusetts | 1 | $ 105,000 | $ 105,000 | $ 148,000 |
| Dukes County Massachusetts | 1 | $ 475,000 | $ 475,000 | $ 82,000 |
| St. Joseph County Michigan | 1 | $ 305,000 | $ 305,000 | $ 99,000 |
| Washtenaw County Michigan | 1 | $ 605,000 | $ 605,000 | $ 278,000 |
| Wayne County Michigan | 1 | $ 205,000 | $ 205,000 | $ 71,000 |
| Anoka County Minnesota | 1 | $ 155,000 | $ 155,000 | $ 131,000 |
| Ramsey County Minnesota | 1 | $ 335,000 | $ 335,000 | $ 103,000 |
| Hinds County Mississippi | 1 | $ 185,000 | $ 185,000 | $ 461,000 |
| St. Louis County Missouri | 1 | $ 205,000 | $ 205,000 | $ 251,000 |
| St. Louis City County Missouri | 1 | $ 145,000 | $ 145,000 | $ 71,000 |
| Gallatin County Montana | 1 | $ 45,000 | $ 45,000 | $ 93,000 |
| Clark County Nevada | 1 | $ 345,000 | $ 345,000 | $ 153,000 |
| Belknap County New Hampshire | 1 | $ 265,000 | $ 265,000 | $ 424,000 |
| Carroll County New Hampshire | 1 | $ 505,000 | $ 505,000 | $ 426,000 |
| Cheshire County New Hampshire | 1 | $ 155,000 | $ 155,000 | $ 134,000 |
| Strafford County New Hampshire | 1 | $ 125,000 | $ 125,000 | $ 163,000 |
| Sullivan County New Hampshire | 1 | $ 305,000 | $ 305,000 | $ 94,000 |
| Hudson County New Jersey | 1 | $ 15,000 | $ 15,000 | $ 90,000 |
| Hunterdon County New Jersey | 1 | $ 345,000 | $ 345,000 | $ 180,000 |
| Ocean County New Jersey | 1 | $ 355,000 | $ 355,000 | $ 306,000 |
| Somerset County New Jersey | 1 | $ 345,000 | $ 345,000 | $ 185,000 |
| Union County New Jersey | 1 | $ 635,000 | $ 635,000 | $ 240,000 |
| Dona Ana County New Mexico | 1 | $ 195,000 | $ 195,000 | $ 126,000 |
| Bronx County New York | 1 | $ 125,000 | $ 125,000 | $ 417,000 |
| Kings County New York | 1 | $ 305,000 | $ 305,000 | $ 300,000 |
| Rockland County New York | 1 | $ 335,000 | $ 335,000 | $ 305,000 |
| Washington County New York | 1 | $ 155,000 | $ 155,000 | $ 118,000 |
| Westchester County New York | 1 | $ 705,000 | $ 705,000 | $ 216,000 |
| Chatham County North Carolina | 1 | $ 305,000 | $ 305,000 | $ 244,000 |
| Lincoln County North Carolina | 1 | $ 365,000 | $ 365,000 | $ 139,000 |
| Orange County North Carolina | 1 | $ 205,000 | $ 205,000 | $ 92,000 |
| Wake County North Carolina | 1 | $ 345,000 | $ 345,000 | $ 148,000 |
| Clermont County Ohio | 1 | $ 385,000 | $ 385,000 | $ 177,000 |
| Hamilton County Ohio | 1 | $ 255,000 | $ 255,000 | $ 102,000 |
| Bucks County Pennsylvania | 1 | $ 1,845,000 | $ 1,845,000 | $ 350,000 |
| Chester County Pennsylvania | 1 | $ 485,000 | $ 485,000 | $ 268,000 |
| Lancaster County Pennsylvania | 1 | $ 275,000 | $ 275,000 | $ 151,000 |
| Montgomery County Pennsylvania | 1 | $ 475,000 | $ 475,000 | $ 423,000 |
| Horry County South Carolina | 1 | $ 95,000 | $ 95,000 | $ 62,000 |
| Shelby County Tennessee | 1 | $ 395,000 | $ 395,000 | $ 155,000 |
| Dallas County Texas | 1 | $ 125,000 | $ 125,000 | $ 125,000 |
| Tarrant County Texas | 1 | $ 345,000 | $ 345,000 | $ 853,000 |
| Williamson County Texas | 1 | $ 295,000 | $ 295,000 | $ 235,000 |
| Washington County Vermont | 1 | $ 205,000 | $ 205,000 | $ 50,000 |
| Windsor County Vermont | 1 | $ 265,000 | $ 265,000 | $ 265,000 |
| Arlington County Virginia | 1 | $ 255,000 | $ 255,000 | $ 122,000 |
| Fairfax County Virginia | 1 | $ 45,000 | $ 45,000 | $ 226,000 |
| Prince William County Virginia | 1 | $ 395,000 | $ 395,000 | $ 165,000 |
Mortgage Loan Application Detail Totals for Mass. Institute Of Tech. Federal Credit Union in 2020
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 | 251 | $87,005,000 | $346,000 | $1,405,000 | $205,000 | $1,109,000 |
| Home Improvement | 168 | $20,390,000 | $121,000 | $695,000 | $229,000 | $8,888,000 |
| Home Purchase | 160 | $63,020,000 | $393,000 | $2,225,000 | $192,000 | $702,000 |
| Cash-out Refinancing | 146 | $56,670,000 | $388,000 | $1,245,000 | $185,000 | $545,000 |
| Other Purpose | 98 | $19,530,000 | $199,000 | $725,000 | $188,000 | $853,000 |
| 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 | 444 | $117,050,000 | $263,000 | $2,225,000 | $205,000 | $8,888,000 |
| Not Provided | 221 | $83,435,000 | $377,000 | $1,905,000 | $205,000 | $1,109,000 |
| Asian | 60 | $21,160,000 | $352,000 | $765,000 | $187,000 | $633,000 |
| Hispanic | 49 | $11,815,000 | $241,000 | $655,000 | $198,000 | $853,000 |
| Black or African American | 33 | $7,715,000 | $233,000 | $695,000 | $178,000 | $461,000 |
| 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 |
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) | 822 | $246,170,000 | $299,000 | $2,225,000 | $202,000 | $8,888,000 |
| FHA-insured (Federal Housing Administration) | 1 | $445,000 | $445,000 | $445,000 | $87,000 | $87,000 |
| 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 Purchased By The Institution | 328 | $127,360,000 | $388,000 | $1,905,000 | $195,000 | $853,000 |
| Loan Originated | 265 | $58,095,000 | $219,000 | $2,225,000 | $187,000 | $853,000 |
| Application Withdrawn By Applicant | 82 | $21,750,000 | $265,000 | $715,000 | $209,000 | $766,000 |
| Application Approved But Not Accepted | 70 | $26,700,000 | $381,000 | $1,175,000 | $223,000 | $1,109,000 |
| Application Denied By Financial Institution | 68 | $10,730,000 | $157,000 | $1,845,000 | $139,000 | $441,000 |
| File Closed For Incompleteness | 10 | $1,980,000 | $198,000 | $405,000 | $1,033,000 | $8,888,000 |
| 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 | 755 | $235,885,000 | $312,000 | $2,225,000 | $208,000 | $8,888,000 |
| Debt-To-Income Ratio | 24 | $5,220,000 | $217,000 | $1,845,000 | $132,000 | $441,000 |
| Other | 16 | $1,840,000 | $115,000 | $305,000 | $143,000 | $417,000 |
| Credit History | 8 | $760,000 | $95,000 | $275,000 | $127,000 | $300,000 |
| Collateral | 8 | $710,000 | $88,000 | $305,000 | $173,000 | $300,000 |
| Credit Application Incomplete | 7 | $685,000 | $97,000 | $175,000 | $131,000 | $240,000 |
| Unverifiable Information | 3 | $1,035,000 | $345,000 | $545,000 | $159,000 | $225,000 |
| Mortgage Insurance Denied | 1 | $125,000 | $125,000 | $125,000 | $89,000 | $89,000 |
| Employment History | 1 | $355,000 | $355,000 | $355,000 | $127,000 | $127,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mass. Institute Of Tech. Federal Credit Union's 2020 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 Mass. Institute Of Tech. 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 Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.