Signature Federal Credit Union Mortgage Lending & HMDA Data, 2014

In 2014, Signature Federal Credit Union of Alexandria, VA reported 258 mortgage applications totaling $26.4 million, down 8% from 2013. The average application was for $102,174, and applicants reported an average income of $99,364. 78% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Lake Charles, LA (14), Washington-Arlington-Alexandria, DC-VA-MD-WV (13) and Houston-The Woodlands-Sugar Land, TX (6) (applications in parentheses).

Mortgage Company & Address Signature Federal Credit Union
12 Herbert St.
Alexandria, VA 22305
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 258
Total Mortgage Loan Application Amount $26,361,000
Average Mortgage Loan Application Amount $102,174
Highest Mortgage Loan Application Amount $935,000
Average Applicant Income $99,364
Highest Applicant Income $490,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Signature Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Signature Federal Credit Union by County in 2014

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Calcasieu, Louisiana 14 $ 975,000 $ 69,642 $ 190,000
Harris, Texas 6 $ 837,000 $ 139,500 $ 94,000
Spartanburg, South Carolina 4 $ 361,000 $ 90,250 $ 93,000
Barnstable, Massachusetts 3 $ 266,000 $ 88,666 $ 91,000
Gloucester, New Jersey 3 $ 72,000 $ 24,000 $ 131,000
Greenville, South Carolina 3 $ 160,000 $ 53,333 $ 68,000
Lexington, South Carolina 3 $ 141,000 $ 47,000 $ 97,000
Graham, Arizona 2 $ 60,000 $ 30,000 $ 216,000
Pinal, Arizona 2 $ 177,000 $ 88,500 $ 76,000
Park, Colorado 2 $ 80,000 $ 40,000 $ 111,000
Pueblo, Colorado 2 $ 66,000 $ 33,000 $ 114,000
District of Columbia, District Of Columbia 2 $ 360,000 $ 180,000 $ 242,000
Franklin, Florida 2 $ 204,000 $ 102,000 $ 51,000
Starke, Indiana 2 $ 94,000 $ 47,000 $ 37,000
Montgomery, Maryland 2 $ 1,210,000 $ 605,000 $ 120,000
Norfolk, Massachusetts 2 $ 506,000 $ 253,000 $ 88,000
Hennepin, Minnesota 2 $ 274,000 $ 137,000 $ 51,000
Cass, Missouri 2 $ 172,000 $ 86,000 $ 60,000
Delaware, New York 2 $ 114,000 $ 57,000 $ 33,000
Carteret, North Carolina 2 $ 1,000,000 $ 500,000 $ 490,000
Stephens, Oklahoma 2 $ 57,000 $ 28,500 $ 75,000
Lebanon, Pennsylvania 2 $ 292,000 $ 146,000 $ 82,000
McKean, Pennsylvania 2 $ 144,000 $ 72,000 $ 85,000
Robertson, Tennessee 2 $ 86,000 $ 43,000 $ 146,000
Hidalgo, Texas 2 $ 101,000 $ 50,500 $ 62,000
Fairfax, Virginia 2 $ 654,000 $ 327,000 $ 189,000
Orange, Virginia 2 $ 122,000 $ 61,000 $ 100,000
Prince William, Virginia 2 $ 85,000 $ 42,500 $ 165,000
Skagit, Washington 2 $ 128,000 $ 64,000 $ 65,000
Clarke, Alabama 1 $ 135,000 $ 135,000 $ 54,000
Madison, Alabama 1 $ 113,000 $ 113,000 $ 59,000
Mobile, Alabama 1 $ 100,000 $ 100,000 $ 128,000
Shelby, Alabama 1 $ 25,000 $ 25,000 $ 103,000
St. Clair, Alabama 1 $ 31,000 $ 31,000 $ 44,000
Maricopa, Arizona 1 $ 75,000 $ 75,000 $ 24,000
Yuma, Arizona 1 $ 35,000 $ 35,000 $ 86,000
Craighead, Arkansas 1 $ 147,000 $ 147,000 $ 84,000
Garland, Arkansas 1 $ 100,000 $ 100,000 $ 42,000
Greene, Arkansas 1 $ 76,000 $ 76,000 $ 65,000
Jefferson, Arkansas 1 $ 60,000 $ 60,000 $ 39,000
Lee, Arkansas 1 $ 23,000 $ 23,000 $ 49,000
Nevada, Arkansas 1 $ 45,000 $ 45,000 $ 47,000
Butte, California 1 $ 33,000 $ 33,000 $ 145,000
Imperial, California 1 $ 45,000 $ 45,000 $ 200,000
Riverside, California 1 $ 415,000 $ 415,000 $ 185,000
San Bernardino, California 1 $ 8,000 $ 8,000 $ 24,000
Solano, California 1 $ 25,000 $ 25,000 $ 145,000
Adams, Colorado 1 $ 313,000 $ 313,000 $ 78,000
Baca, Colorado 1 $ 144,000 $ 144,000 $ 57,000
Costilla, Colorado 1 $ 24,000 $ 24,000 $ 66,000
Douglas, Colorado 1 $ 86,000 $ 86,000 $ 105,000
Hartford, Connecticut 1 $ 45,000 $ 45,000 $ 119,000
Charlotte, Florida 1 $ 65,000 $ 65,000 $ 107,000
Lee, Florida 1 $ 100,000 $ 100,000 $ 64,000
Leon, Florida 1 $ 81,000 $ 81,000 $ 27,000
Orange, Florida 1 $ 79,000 $ 79,000 $ 71,000
Pinellas, Florida 1 $ 154,000 $ 154,000 $ 108,000
St. Johns, Florida 1 $ 15,000 $ 15,000 $ 129,000
Barrow, Georgia 1 $ 35,000 $ 35,000 $ 63,000
Cobb, Georgia 1 $ 49,000 $ 49,000 $ 57,000
Wheeler, Georgia 1 $ 20,000 $ 20,000 $ 63,000
Latah, Idaho 1 $ 25,000 $ 25,000 $ 100,000
DuPage, Illinois 1 $ 25,000 $ 25,000 $ 67,000
Jackson, Illinois 1 $ 46,000 $ 46,000 $ 65,000
Livingston, Illinois 1 $ 30,000 $ 30,000 $ 96,000
McLean, Illinois 1 $ 45,000 $ 45,000 $ 113,000
Perry, Illinois 1 $ 20,000 $ 20,000 $ 124,000
Rock Island, Illinois 1 $ 104,000 $ 104,000 $ 196,000
Decatur, Indiana 1 $ 15,000 $ 15,000 $ 80,000
Lake, Indiana 1 $ 32,000 $ 32,000 $ 189,000
Putnam, Indiana 1 $ 95,000 $ 95,000 $ 59,000
Tama, Iowa 1 $ 118,000 $ 118,000 $ 22,000
Wapello, Iowa 1 $ 40,000 $ 40,000 $ 54,000
Allen, Kansas 1 $ 25,000 $ 25,000 $ 67,000
Johnson, Kansas 1 $ 161,000 $ 161,000 $ 39,000
Christian, Kentucky 1 $ 40,000 $ 40,000 $ 116,000
Hardin, Kentucky 1 $ 97,000 $ 97,000 $ 68,000
Logan, Kentucky 1 $ 30,000 $ 30,000 $ 90,000
Pulaski, Kentucky 1 $ 38,000 $ 38,000 $ 87,000
East Baton Rouge, Louisiana 1 $ 110,000 $ 110,000 $ 97,000
Lafourche, Louisiana 1 $ 147,000 $ 147,000 $ 82,000
Aroostook, Maine 1 $ 76,000 $ 76,000 $ 48,000
Hancock, Maine 1 $ 110,000 $ 110,000 $ 73,000
Kennebec, Maine 1 $ 126,000 $ 126,000 $ 84,000
Charles, Maryland 1 $ 312,000 $ 312,000 $ 88,000
Frederick, Maryland 1 $ 50,000 $ 50,000 $ 86,000
Kent, Maryland 1 $ 94,000 $ 94,000 $ 60,000
Prince George's, Maryland 1 $ 55,000 $ 55,000 $ 149,000
St. Mary's, Maryland 1 $ 135,000 $ 135,000 $ 78,000
Essex, Massachusetts 1 $ 55,000 $ 55,000 $ 107,000
Jackson, Michigan 1 $ 53,000 $ 53,000 $ 202,000
Ottawa, Michigan 1 $ 30,000 $ 30,000 $ 150,000
Chippewa, Minnesota 1 $ 85,000 $ 85,000 $ 100,000
Cottonwood, Minnesota 1 $ 17,000 $ 17,000 $ 54,000
Fillmore, Minnesota 1 $ 18,000 $ 18,000 $ 92,000
Meeker, Minnesota 1 $ 145,000 $ 145,000 $ 69,000
Rock, Minnesota 1 $ 119,000 $ 119,000 $ 63,000
Stevens, Minnesota 1 $ 25,000 $ 25,000 $ 45,000
Todd, Minnesota 1 $ 79,000 $ 79,000 $ 122,000
Washington, Minnesota 1 $ 187,000 $ 187,000 $ 44,000
Harrison, Mississippi 1 $ 253,000 $ 253,000 $ 91,000
Lafayette, Mississippi 1 $ 77,000 $ 77,000 $ 149,000
Clay, Missouri 1 $ 20,000 $ 20,000 $ 123,000
Greene, Missouri 1 $ 180,000 $ 180,000 $ 57,000
Henry, Missouri 1 $ 92,000 $ 92,000 $ 47,000
Jackson, Missouri 1 $ 142,000 $ 142,000 $ 42,000
Lawrence, Missouri 1 $ 130,000 $ 130,000 $ 151,000
Nodaway, Missouri 1 $ 60,000 $ 60,000 $ 77,000
Daniels, Montana 1 $ 64,000 $ 64,000 $ 50,000
Antelope, Nebraska 1 $ 100,000 $ 100,000 $ 102,000
Cherry, Nebraska 1 $ 48,000 $ 48,000 $ 48,000
Dixon, Nebraska 1 $ 258,000 $ 258,000 $ 100,000
Gage, Nebraska 1 $ 40,000 $ 40,000 $ 32,000
Madison, Nebraska 1 $ 90,000 $ 90,000 $ 28,000
Sarpy, Nebraska 1 $ 90,000 $ 90,000 $ 105,000
Clark, Nevada 1 $ 60,000 $ 60,000 $ 78,000
Pershing, Nevada 1 $ 17,000 $ 17,000 $ 82,000
Grafton, New Hampshire 1 $ 132,000 $ 132,000 $ 80,000
Strafford, New Hampshire 1 $ 112,000 $ 112,000 $ 64,000
Mercer, New Jersey 1 $ 112,000 $ 112,000 $ 68,000
Ocean, New Jersey 1 $ 160,000 $ 160,000 $ 73,000
Sussex, New Jersey 1 $ 210,000 $ 210,000 $ 76,000
Eddy, New Mexico 1 $ 12,000 $ 12,000 $ 91,000
Rio Arriba, New Mexico 1 $ 10,000 $ 10,000 $ 33,000
Taos, New Mexico 1 $ 143,000 $ 143,000 $ 68,000
Chautauqua, New York 1 $ 71,000 $ 71,000 $ 73,000
Fulton, New York 1 $ 138,000 $ 138,000 $ 102,000
Otsego, New York 1 $ 185,000 $ 185,000 $ 72,000
Schenectady, New York 1 $ 60,000 $ 60,000 $ 71,000
St. Lawrence, New York 1 $ 100,000 $ 100,000 $ 109,000
Warren, New York 1 $ 150,000 $ 150,000 $ 43,000
Ashe, North Carolina 1 $ 140,000 $ 140,000 $ 104,000
Mecklenburg, North Carolina 1 $ 55,000 $ 55,000 $ 85,000
Scotland, North Carolina 1 $ 86,000 $ 86,000 $ 63,000
Surry, North Carolina 1 $ 58,000 $ 58,000 $ 27,000
Wake, North Carolina 1 $ 564,000 $ 564,000 $ 177,000
Warren, North Carolina 1 $ 35,000 $ 35,000 $ 53,000
Adams, North Dakota 1 $ 300,000 $ 300,000 $ 72,000
Morton, North Dakota 1 $ 127,000 $ 127,000 $ 59,000
Franklin, Ohio 1 $ 50,000 $ 50,000 $ 30,000
Geauga, Ohio 1 $ 15,000 $ 15,000 $ 128,000
Highland, Ohio 1 $ 75,000 $ 75,000 $ 76,000
Jefferson, Ohio 1 $ 70,000 $ 70,000 $ 58,000
Pickaway, Ohio 1 $ 62,000 $ 62,000 $ 23,000
Putnam, Ohio 1 $ 50,000 $ 50,000 $ 110,000
Beaver, Oklahoma 1 $ 47,000 $ 47,000 $ 29,000
Garvin, Oklahoma 1 $ 75,000 $ 75,000 $ 121,000
Tillman, Oklahoma 1 $ 33,000 $ 33,000 $ 50,000
Washington, Oklahoma 1 $ 40,000 $ 40,000 $ 53,000
Woods, Oklahoma 1 $ 80,000 $ 80,000 $ 80,000
Armstrong, Pennsylvania 1 $ 250,000 $ 250,000 $ 170,000
Bucks, Pennsylvania 1 $ 68,000 $ 68,000 $ 79,000
Carbon, Pennsylvania 1 $ 30,000 $ 30,000 $ 59,000
Centre, Pennsylvania 1 $ 220,000 $ 220,000 $ 119,000
Columbia, Pennsylvania 1 $ 58,000 $ 58,000 $ 126,000
Delaware, Pennsylvania 1 $ 215,000 $ 215,000 $ 100,000
Fulton, Pennsylvania 1 $ 40,000 $ 40,000 $ 72,000
Indiana, Pennsylvania 1 $ 162,000 $ 162,000 $ 173,000
Lackawanna, Pennsylvania 1 $ 35,000 $ 35,000 $ 37,000
Washington, Pennsylvania 1 $ 123,000 $ 123,000 $ 37,000
Wayne, Pennsylvania 1 $ 157,000 $ 157,000 $ 96,000
Clarendon, South Carolina 1 $ 80,000 $ 80,000 $ 100,000
Minnehaha, South Dakota 1 $ 6,000 $ 6,000 $ 112,000
Giles, Tennessee 1 $ 56,000 $ 56,000 $ 37,000
McNairy, Tennessee 1 $ 60,000 $ 60,000 $ 30,000
Collin, Texas 1 $ 97,000 $ 97,000 $ 79,000
Fayette, Texas 1 $ 68,000 $ 68,000 $ 77,000
Fort Bend, Texas 1 $ 328,000 $ 328,000 $ 201,000
Grayson, Texas 1 $ 152,000 $ 152,000 $ 59,000
McLennan, Texas 1 $ 69,000 $ 69,000 $ 55,000
Taylor, Texas 1 $ 65,000 $ 65,000 $ 85,000
Washington, Texas 1 $ 90,000 $ 90,000 $ 120,000
Wharton, Texas 1 $ 70,000 $ 70,000 $ 66,000
Williamson, Texas 1 $ 137,000 $ 137,000 $ 100,000
Wood, Texas 1 $ 50,000 $ 50,000 $ 75,000
Tooele, Utah 1 $ 121,000 $ 121,000 $ 55,000
Utah, Utah 1 $ 53,000 $ 53,000 $ 103,000
Washington, Utah 1 $ 97,000 $ 97,000 $ 105,000
Addison, Vermont 1 $ 247,000 $ 247,000 $ 59,000
Washington, Vermont 1 $ 55,000 $ 55,000 $ 148,000
Windsor, Vermont 1 $ 200,000 $ 200,000 $ 60,000
Amherst, Virginia 1 $ 62,000 $ 62,000 $ 86,000
Arlington, Virginia 1 $ 270,000 $ 270,000 $ 58,000
Augusta, Virginia 1 $ 225,000 $ 225,000 $ 78,000
Fauquier, Virginia 1 $ 700,000 $ 700,000 $ 167,000
New Kent, Virginia 1 $ 60,000 $ 60,000 $ 100,000
Spotsylvania, Virginia 1 $ 25,000 $ 25,000 $ 123,000
Warren, Virginia 1 $ 53,000 $ 53,000 $ 159,000
Clallam, Washington 1 $ 80,000 $ 80,000 $ 74,000
Grays Harbor, Washington 1 $ 14,000 $ 14,000 $ 72,000
Spokane, Washington 1 $ 60,000 $ 60,000 $ 58,000
Grant, West Virginia 1 $ 38,000 $ 38,000 $ 79,000
Hardy, West Virginia 1 $ 100,000 $ 100,000 $ 374,000
Harrison, West Virginia 1 $ 104,000 $ 104,000 $ 71,000
Jefferson, West Virginia 1 $ 18,000 $ 18,000 $ 331,000
Mineral, West Virginia 1 $ 80,000 $ 80,000 $ 74,000
Summers, West Virginia 1 $ 80,000 $ 80,000 $ 105,000
Wood, West Virginia 1 $ 6,000 $ 6,000 $ 54,000
Sawyer, Wisconsin 1 $ 50,000 $ 50,000 $ 27,000
Shawano, Wisconsin 1 $ 82,000 $ 82,000 $ 60,000
Carbon, Wyoming 1 $ 100,000 $ 100,000 $ 179,000
Fremont, Wyoming 1 $ 160,000 $ 160,000 $ 139,000

Mortgage Loan Application Detail Totals for Signature Federal Credit Union in 2014

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 95 $10,423,000 $109,000 $935,000 $83,000 $374,000
Home Improvement 89 $4,679,000 $52,000 $416,000 $103,000 $408,000
Home Purchase 74 $11,259,000 $152,000 $700,000 $116,000 $490,000

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
Not Provided 164 $13,639,000 $83,000 $935,000 $106,000 $490,000
White 87 $11,882,000 $136,000 $700,000 $86,000 $228,000
Black or African American 3 $431,000 $143,000 $230,000 $74,000 $110,000
Hispanic 3 $248,000 $82,000 $143,000 $164,000 $216,000
American Indian or Alaskan Native 1 $161,000 $161,000 $161,000 $39,000 $39,000
Asian 0 $0 $0 $0 $0 $0
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) 258 $26,361,000 $102,000 $935,000 $99,000 $490,000
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 202 $17,239,000 $85,000 $700,000 $103,000 $490,000
Application Denied By Financial Institution 30 $5,142,000 $171,000 $570,000 $84,000 $228,000
Application Withdrawn By Applicant 26 $3,980,000 $153,000 $935,000 $92,000 $374,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 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
Credit History 1 $185,000 $185,000 $185,000 $72,000 $72,000
Debt-To-Income Ratio 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
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Signature Federal Credit Union's 2014 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 Signature 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.
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