Mass. Institute Of Tech. Federal Credit Union
Mortgage Loan Application
Totals and Details
for 2020
Find mortgage loan statistics, lending data, and loan application totals for Massachusetts.
The mortgage statistics and data below are specific to mortgage loan applications for Mass. Institute Of Tech. Federal Credit Union.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2021.
| 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 |
Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations
where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in MA, the totals and averages will help you understand where the lender does business as well as the volume of business they do.
| 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 |
The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category,
the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Massachusetts,
and search the same numbers and information back through 2003.
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 |
These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in MA, and gives you an idea of what the best mortgage lenders really are.
If you prefer, you can download a copy of the entire list of mortgage lenders in Massachusetts, and search similar information at your convenience.