Mass. Institute Of Tech. Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
Mass. Institute Of Tech. Federal Credit Union 2023 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 Lexington, MA 02139 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 |
| Total Number of Mortgage Applications | 430 |
| Total Mortgage Loan Application Amount | $171,730,000 |
| Average Mortgage Loan Application Amount | $308,400 |
| Highest Mortgage Loan Application Amount | $6,155,000 |
| Average Applicant Income | $205,600 |
| Highest Applicant Income | $1,620,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 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 2023 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 2023.
| 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 | 149 | $ 71,605,000 | $ 480,000 | $ 222,000 |
| Norfolk County Massachusetts | 35 | $ 9,335,000 | $ 266,000 | $ 202,000 |
| Suffolk County Massachusetts | 25 | $ 12,125,000 | $ 485,000 | $ 270,000 |
| Essex County Massachusetts | 22 | $ 4,690,000 | $ 213,000 | $ 163,000 |
| Worcester County Massachusetts | 13 | $ 2,455,000 | $ 188,000 | $ 198,000 |
| Plymouth County Massachusetts | 10 | $ 1,740,000 | $ 174,000 | $ 194,000 |
| Hillsborough County New Hampshire | 7 | $ 2,105,000 | $ 300,000 | $ 168,000 |
| New York County New York | 7 | $ 3,415,000 | $ 487,000 | $ 172,000 |
| District of Columbia County District Of Columbia | 6 | $ 1,580,000 | $ 263,000 | $ 258,000 |
| Harris County Texas | 6 | $ 2,500,000 | $ 416,000 | $ 180,000 |
| Los Angeles County California | 5 | $ 2,095,000 | $ 419,000 | $ 284,000 |
| San Francisco County California | 5 | $ 2,725,000 | $ 545,000 | $ 362,000 |
| Cook County Illinois | 5 | $ 2,175,000 | $ 435,000 | $ 221,000 |
| Barnstable County Massachusetts | 5 | $ 2,645,000 | $ 529,000 | $ 207,000 |
| Providence County Rhode Island | 5 | $ 1,255,000 | $ 251,000 | $ 164,000 |
| DuPage County Illinois | 4 | $ 1,970,000 | $ 492,000 | $ 221,000 |
| Bristol County Massachusetts | 4 | $ 660,000 | $ 165,000 | $ 136,000 |
| Rockingham County New Hampshire | 4 | $ 1,360,000 | $ 340,000 | $ 229,000 |
| Durham County North Carolina | 4 | $ 1,640,000 | $ 410,000 | $ 182,000 |
| Philadelphia County Pennsylvania | 4 | $ 1,070,000 | $ 267,000 | $ 158,000 |
| Maricopa County Arizona | 3 | $ 1,025,000 | $ 341,000 | $ 107,000 |
| Santa Clara County California | 3 | $ 2,985,000 | $ 995,000 | $ 380,000 |
| Kings County New York | 3 | $ 2,895,000 | $ 965,000 | $ 476,000 |
| King County Washington | 3 | $ 2,125,000 | $ 708,000 | $ 214,000 |
| Alameda County California | 2 | $ 420,000 | $ 210,000 | $ 251,000 |
| Orange County California | 2 | $ 810,000 | $ 405,000 | $ 342,000 |
| Palm Beach County Florida | 2 | $ 560,000 | $ 280,000 | $ 106,000 |
| Volusia County Florida | 2 | $ 660,000 | $ 330,000 | $ 232,000 |
| Fulton County Georgia | 2 | $ 770,000 | $ 385,000 | $ 152,000 |
| Montgomery County Maryland | 2 | $ 1,360,000 | $ 680,000 | $ 273,000 |
| Carroll County New Hampshire | 2 | $ 600,000 | $ 300,000 | $ 288,000 |
| Cheshire County New Hampshire | 2 | $ 800,000 | $ 400,000 | $ 188,000 |
| Cuyahoga County Ohio | 2 | $ 310,000 | $ 155,000 | $ 19,000 |
| Allegheny County Pennsylvania | 2 | $ 780,000 | $ 390,000 | $ 142,000 |
| Davidson County Tennessee | 2 | $ 1,330,000 | $ 665,000 | $ 321,000 |
| Alexandria County Virginia | 2 | $ 1,070,000 | $ 535,000 | $ 175,000 |
| Fairfax County Virginia | 2 | $ 850,000 | $ 425,000 | $ 237,000 |
| Montgomery County Alabama | 1 | $ 235,000 | $ 235,000 | $ 396,000 |
| Pima County Arizona | 1 | $ 75,000 | $ 75,000 | $ 87,000 |
| San Diego County California | 1 | $ 885,000 | $ 885,000 | $ 292,000 |
| Ventura County California | 1 | $ 625,000 | $ 625,000 | $ 163,000 |
| Boulder County Colorado | 1 | $ 285,000 | $ 285,000 | $ 174,000 |
| Chaffee County Colorado | 1 | $ 585,000 | $ 585,000 | $ 276,000 |
| Denver County Colorado | 1 | $ 345,000 | $ 345,000 | $ 96,000 |
| Jefferson County Colorado | 1 | $ 35,000 | $ 35,000 | $ 106,000 |
| Teller County Colorado | 1 | $ 455,000 | $ 455,000 | $ 180,000 |
| Hartford County Connecticut | 1 | $ 425,000 | $ 425,000 | $ 150,000 |
| Litchfield County Connecticut | 1 | $ 125,000 | $ 125,000 | $ 188,000 |
| Tolland County Connecticut | 1 | $ 295,000 | $ 295,000 | $ 110,000 |
| Windham County Connecticut | 1 | $ 45,000 | $ 45,000 | $ 181,000 |
| Sussex County Delaware | 1 | $ 265,000 | $ 265,000 | $ 180,000 |
| Alachua County Florida | 1 | $ 245,000 | $ 245,000 | $ 192,000 |
| Brevard County Florida | 1 | $ 405,000 | $ 405,000 | $ 111,000 |
| Broward County Florida | 1 | $ 115,000 | $ 115,000 | $ 240,000 |
| Orange County Florida | 1 | $ 655,000 | $ 655,000 | $ 24,000 |
| Pinellas County Florida | 1 | $ 275,000 | $ 275,000 | $ 99,000 |
| Sarasota County Florida | 1 | $ 505,000 | $ 505,000 | $ 200,000 |
| Lake County Illinois | 1 | $ 805,000 | $ 805,000 | $ 259,000 |
| McHenry County Illinois | 1 | $ 55,000 | $ 55,000 | $ 207,000 |
| Franklin County Kentucky | 1 | $ 235,000 | $ 235,000 | $ 89,000 |
| Ascension County Louisiana | 1 | $ 435,000 | $ 435,000 | $ 168,000 |
| East Baton Rouge County Louisiana | 1 | $ 355,000 | $ 355,000 | $ 200,000 |
| Cumberland County Maine | 1 | $ 175,000 | $ 175,000 | $ 210,000 |
| Franklin County Maine | 1 | $ 165,000 | $ 165,000 | $ 93,000 |
| Washington County Maine | 1 | $ 435,000 | $ 435,000 | $ 868,000 |
| Baltimore County Maryland | 1 | $ 355,000 | $ 355,000 | $ 145,000 |
| Baltimore City County Maryland | 1 | $ 25,000 | $ 25,000 | $ 72,000 |
| Hampshire County Massachusetts | 1 | $ 35,000 | $ 35,000 | $ 94,000 |
| Washtenaw County Michigan | 1 | $ 115,000 | $ 115,000 | $ 175,000 |
| Jackson County Missouri | 1 | $ 165,000 | $ 165,000 | $ 130,000 |
| St. Charles County Missouri | 1 | $ 205,000 | $ 205,000 | $ 541,000 |
| Clark County Nevada | 1 | $ 375,000 | $ 375,000 | $ 405,000 |
| Merrimack County New Hampshire | 1 | $ 125,000 | $ 125,000 | $ 184,000 |
| Sullivan County New Hampshire | 1 | $ 265,000 | $ 265,000 | $ 165,000 |
| Middlesex County New Jersey | 1 | $ 505,000 | $ 505,000 | $ 180,000 |
| Passaic County New Jersey | 1 | $ 475,000 | $ 475,000 | $ 165,000 |
| Bronx County New York | 1 | $ 55,000 | $ 55,000 | $ 121,000 |
| Madison County New York | 1 | $ 325,000 | $ 325,000 | $ 591,000 |
| Orange County New York | 1 | $ 555,000 | $ 555,000 | $ 568,000 |
| Suffolk County New York | 1 | $ 605,000 | $ 605,000 | $ 123,000 |
| Tompkins County New York | 1 | $ 205,000 | $ 205,000 | $ 170,000 |
| Westchester County New York | 1 | $ 75,000 | $ 75,000 | $ 203,000 |
| Orange County North Carolina | 1 | $ 425,000 | $ 425,000 | $ 243,000 |
| Union County North Carolina | 1 | $ 465,000 | $ 465,000 | $ 169,000 |
| Wake County North Carolina | 1 | $ 595,000 | $ 595,000 | $ 326,000 |
| Butler County Ohio | 1 | $ 265,000 | $ 265,000 | $ 137,000 |
| Hamilton County Ohio | 1 | $ 235,000 | $ 235,000 | $ 140,000 |
| Cleveland County Oklahoma | 1 | $ 245,000 | $ 245,000 | $ 237,000 |
| Centre County Pennsylvania | 1 | $ 385,000 | $ 385,000 | $ 102,000 |
| Delaware County Pennsylvania | 1 | $ 515,000 | $ 515,000 | $ 241,000 |
| Montgomery County Pennsylvania | 1 | $ 605,000 | $ 605,000 | $ 487,000 |
| Kent County Rhode Island | 1 | $ 275,000 | $ 275,000 | $ 88,000 |
| Beaufort County South Carolina | 1 | $ 265,000 | $ 265,000 | $ 326,000 |
| Greenville County South Carolina | 1 | $ 265,000 | $ 265,000 | $ 173,000 |
| Newberry County South Carolina | 1 | $ 575,000 | $ 575,000 | $ 180,000 |
| Brazoria County Texas | 1 | $ 665,000 | $ 665,000 | $ 239,000 |
| Cameron County Texas | 1 | $ 225,000 | $ 225,000 | $ 135,000 |
| Travis County Texas | 1 | $ 355,000 | $ 355,000 | $ 261,000 |
| Summit County Utah | 1 | $ 725,000 | $ 725,000 | $ 513,000 |
| Bennington County Vermont | 1 | $ 205,000 | $ 205,000 | $ 83,000 |
| Grand Isle County Vermont | 1 | $ 605,000 | $ 605,000 | $ 325,000 |
| Chesterfield County Virginia | 1 | $ 565,000 | $ 565,000 | $ 276,000 |
| Snohomish County Washington | 1 | $ 405,000 | $ 405,000 | $ 341,000 |
| Dane County Wisconsin | 1 | $ 365,000 | $ 365,000 | $ 116,000 |
Mortgage Loan Application Detail Totals for Mass. Institute Of Tech. Federal Credit Union 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 247 | $137,485,000 | $556,000 | $6,155,000 | $227,000 | $1,300,000 |
| Home Improvement | 87 | $10,515,000 | $120,000 | $655,000 | $209,000 | $677,000 |
| Other Purpose | 47 | $6,355,000 | $135,000 | $725,000 | $201,000 | $1,620,000 |
| Cash-out Refinancing | 30 | $9,490,000 | $316,000 | $1,125,000 | $209,000 | $868,000 |
| Refinancing | 19 | $7,885,000 | $415,000 | $1,535,000 | $182,000 | $394,000 |
| 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 | 232 | $84,970,000 | $366,000 | $1,655,000 | $218,000 | $1,620,000 |
| Asian | 76 | $40,970,000 | $539,000 | $6,155,000 | $230,000 | $677,000 |
| Not Provided | 58 | $23,930,000 | $412,000 | $1,655,000 | $230,000 | $1,300,000 |
| Hispanic | 32 | $15,470,000 | $483,000 | $2,305,000 | $221,000 | $801,000 |
| Black or African American | 27 | $5,085,000 | $188,000 | $665,000 | $148,000 | $320,000 |
| American Indian or Alaskan Native | 4 | $950,000 | $237,000 | $565,000 | $228,000 | $276,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $355,000 | $355,000 | $355,000 | $212,000 | $212,000 |
| 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) | 430 | $171,730,000 | $399,000 | $6,155,000 | $217,000 | $1,620,000 |
| 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 | 274 | $104,020,000 | $379,000 | $1,805,000 | $218,000 | $868,000 |
| Application Withdrawn By Applicant | 108 | $49,250,000 | $456,000 | $6,155,000 | $229,000 | $1,620,000 |
| Application Approved But Not Accepted | 22 | $10,440,000 | $474,000 | $2,305,000 | $249,000 | $801,000 |
| Application Denied By Financial Institution | 19 | $5,095,000 | $268,000 | $655,000 | $134,000 | $546,000 |
| File Closed For Incompleteness | 7 | $2,925,000 | $417,000 | $1,535,000 | $133,000 | $344,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 411 | $166,635,000 | $405,000 | $6,155,000 | $221,000 | $1,620,000 |
| Debt-To-Income Ratio | 12 | $3,290,000 | $274,000 | $655,000 | $128,000 | $546,000 |
| Collateral | 4 | $790,000 | $197,000 | $485,000 | $162,000 | $306,000 |
| Credit History | 2 | $590,000 | $295,000 | $505,000 | $105,000 | $143,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $425,000 | $425,000 | $425,000 | $150,000 | $150,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mass. Institute Of Tech. Federal Credit Union'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 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.