Rave Financial Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2022
Rave Financial Credit Union 2022 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 | Rave Financial Credit Union Po Box 12849 Beaumont, TX 77726 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 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 | 553 |
| Total Mortgage Loan Application Amount | $68,085,000 |
| Average Mortgage Loan Application Amount | $141,200 |
| Highest Mortgage Loan Application Amount | $925,000 |
| Average Applicant Income | $118,000 |
| Highest Applicant Income | $1,260,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2022 with Rave Financial 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 Rave Financial Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2022 breaks down Rave Financial 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 Rave Financial Credit Union serves its applicants.
Each category highlights the total number of mortgage applications processed by Rave Financial 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 Rave Financial Credit Union's mortgage activity for 2022.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Jefferson County Texas | 199 | $ 22,625,000 | $ 113,000 | $ 102,000 |
| Hardin County Texas | 94 | $ 11,530,000 | $ 122,000 | $ 112,000 |
| Orange County Texas | 71 | $ 7,405,000 | $ 104,000 | $ 94,000 |
| Jasper County Texas | 63 | $ 8,155,000 | $ 129,000 | $ 109,000 |
| Tyler County Texas | 27 | $ 2,955,000 | $ 109,000 | $ 97,000 |
| Chambers County Texas | 21 | $ 2,865,000 | $ 136,000 | $ 167,000 |
| Liberty County Texas | 17 | $ 2,245,000 | $ 132,000 | $ 124,000 |
| Harris County Texas | 16 | $ 1,230,000 | $ 76,000 | $ 109,000 |
| Newton County Texas | 9 | $ 995,000 | $ 110,000 | $ 120,000 |
| Sabine County Texas | 8 | $ 620,000 | $ 77,000 | $ 100,000 |
| Angelina County Texas | 5 | $ 715,000 | $ 143,000 | $ 109,000 |
| Galveston County Texas | 4 | $ 1,740,000 | $ 435,000 | $ 443,000 |
| Kendall County Texas | 3 | $ 1,665,000 | $ 555,000 | $ 192,000 |
| Montgomery County Texas | 3 | $ 1,185,000 | $ 395,000 | $ 201,000 |
| Fort Bend County Texas | 2 | $ 500,000 | $ 250,000 | $ 98,000 |
| Polk County Texas | 2 | $ 260,000 | $ 130,000 | $ 127,000 |
| Anderson County Texas | 1 | $ 75,000 | $ 75,000 | $ 105,000 |
| Bell County Texas | 1 | $ 45,000 | $ 45,000 | $ 71,000 |
| Brazos County Texas | 1 | $ 275,000 | $ 275,000 | $ 165,000 |
| Collin County Texas | 1 | $ 35,000 | $ 35,000 | $ 335,000 |
| Denton County Texas | 1 | $ 455,000 | $ 455,000 | $ 182,000 |
| Harrison County Texas | 1 | $ 155,000 | $ 155,000 | $ 57,000 |
| Nacogdoches County Texas | 1 | $ 225,000 | $ 225,000 | $ 114,000 |
| Tarrant County Texas | 1 | $ 35,000 | $ 35,000 | $ 118,000 |
| Wharton County Texas | 1 | $ 95,000 | $ 95,000 | $ 144,000 |
Mortgage Loan Application Detail Totals for Rave Financial Credit Union in 2022
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 Improvement | 190 | $13,950,000 | $73,000 | $255,000 | $106,000 | $336,000 |
| Cash-out Refinancing | 168 | $22,340,000 | $132,000 | $645,000 | $107,000 | $468,000 |
| Other Purpose | 78 | $6,570,000 | $84,000 | $445,000 | $102,000 | $571,000 |
| Home Purchase | 77 | $17,745,000 | $230,000 | $645,000 | $124,000 | $553,000 |
| Refinancing | 40 | $7,480,000 | $187,000 | $925,000 | $151,000 | $1,260,000 |
| 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 | 385 | $49,275,000 | $127,000 | $645,000 | $114,000 | $571,000 |
| Black or African American | 65 | $5,385,000 | $82,000 | $315,000 | $84,000 | $260,000 |
| Not Provided | 49 | $7,105,000 | $145,000 | $925,000 | $156,000 | $1,260,000 |
| Hispanic | 42 | $4,650,000 | $110,000 | $435,000 | $77,000 | $179,000 |
| American Indian or Alaskan Native | 6 | $350,000 | $58,000 | $125,000 | $100,000 | $194,000 |
| Asian | 6 | $1,320,000 | $220,000 | $485,000 | $134,000 | $174,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 551 | $67,805,000 | $123,000 | $925,000 | $112,000 | $1,260,000 |
| VA-guaranteed (Veterans Administration) | 2 | $280,000 | $140,000 | $155,000 | $49,000 | $54,000 |
| 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 |
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 | 307 | $40,885,000 | $133,000 | $645,000 | $116,000 | $571,000 |
| Application Denied By Financial Institution | 165 | $14,985,000 | $90,000 | $455,000 | $91,000 | $309,000 |
| Application Approved But Not Accepted | 40 | $4,870,000 | $121,000 | $545,000 | $120,000 | $336,000 |
| Application Withdrawn By Applicant | 32 | $6,180,000 | $193,000 | $925,000 | $160,000 | $1,260,000 |
| File Closed For Incompleteness | 9 | $1,165,000 | $129,000 | $485,000 | $124,000 | $285,000 |
| 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 | 388 | $53,100,000 | $136,000 | $925,000 | $120,000 | $1,260,000 |
| Credit History | 64 | $4,630,000 | $72,000 | $225,000 | $98,000 | $260,000 |
| Debt-To-Income Ratio | 43 | $4,735,000 | $110,000 | $455,000 | $71,000 | $220,000 |
| Collateral | 41 | $3,825,000 | $93,000 | $455,000 | $103,000 | $309,000 |
| Other | 14 | $1,510,000 | $107,000 | $265,000 | $103,000 | $192,000 |
| Unverifiable Information | 2 | $180,000 | $90,000 | $105,000 | $0 | $0 |
| Mortgage Insurance Denied | 1 | $105,000 | $105,000 | $105,000 | $80,000 | $80,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rave Financial Credit Union's 2022 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 Rave Financial 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 Texas, download the full spreadsheet
with aggregated HMDA statistics today.