Signature Federal Credit Union Mortgage Lending & HMDA Data, 2021

In 2021, Signature Federal Credit Union of Alexandria, VA reported 229 mortgage applications totaling $47.1 million, up 75% from 2020. The average application was for $205,786, and applicants reported an average income of $117,794. 58% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (18), Phoenix-Mesa-Scottsdale, AZ (10) and Baltimore-Columbia-Towson, MD (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
Years 2025  2024  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 229
Total Mortgage Loan Application Amount $47,125,000
Average Mortgage Loan Application Amount $205,786
Highest Mortgage Loan Application Amount $1,105,000
Average Applicant Income $117,794
Highest Applicant Income $942,000

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records Signature Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2021

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Maricopa, Arizona 8 $ 950,000 $ 118,750 $ 119,000
Mecklenburg, North Carolina 5 $ 1,875,000 $ 375,000 $ 146,000
Baltimore City, Maryland 4 $ 220,000 $ 55,000 $ 131,000
Los Angeles, California 3 $ 195,000 $ 65,000 $ 106,000
San Luis Obispo, California 3 $ 815,000 $ 271,666 $ 169,000
Cook, Illinois 3 $ 1,245,000 $ 415,000 $ 117,000
Montgomery, Maryland 3 $ 625,000 $ 208,333 $ 102,000
Prince George's, Maryland 3 $ 675,000 $ 225,000 $ 117,000
Taney, Missouri 3 $ 505,000 $ 168,333 $ 52,000
Fort Bend, Texas 3 $ 275,000 $ 91,666 $ 70,000
Alexandria, Virginia 3 $ 1,415,000 $ 471,666 $ 287,000
Fairfax, Virginia 3 $ 785,000 $ 261,666 $ 248,000
Loudoun, Virginia 3 $ 875,000 $ 291,666 $ 144,000
Prince William, Virginia 3 $ 665,000 $ 221,666 $ 54,000
Pinal, Arizona 2 $ 310,000 $ 155,000 $ 142,000
Craighead, Arkansas 2 $ 160,000 $ 80,000 $ 68,000
Alamosa, Colorado 2 $ 380,000 $ 190,000 $ 142,000
District of Columbia, District Of Columbia 2 $ 1,150,000 $ 575,000 $ 123,000
Orange, Florida 2 $ 490,000 $ 245,000 $ 189,000
Cobb, Georgia 2 $ 460,000 $ 230,000 $ 127,000
DeKalb, Georgia 2 $ 200,000 $ 100,000 $ 39,000
Williamson, Illinois 2 $ 460,000 $ 230,000 $ 104,000
Johnson, Kansas 2 $ 530,000 $ 265,000 $ 162,000
Anne Arundel, Maryland 2 $ 500,000 $ 250,000 $ 262,000
St. Mary's, Maryland 2 $ 730,000 $ 365,000 $ 102,000
Middlesex, Massachusetts 2 $ 430,000 $ 215,000 $ 75,000
Lyon, Minnesota 2 $ 110,000 $ 55,000 $ 53,000
Leake, Mississippi 2 $ 330,000 $ 165,000 $ 72,000
Washoe, Nevada 2 $ 670,000 $ 335,000 $ 217,000
Ocean, New Jersey 2 $ 810,000 $ 405,000 $ 223,000
Carteret, North Carolina 2 $ 570,000 $ 285,000 $ 94,000
Allegheny, Pennsylvania 2 $ 480,000 $ 240,000 $ 98,000
Tioga, Pennsylvania 2 $ 190,000 $ 95,000 $ 69,000
Butler, Alabama 1 $ 75,000 $ 75,000 $ 128,000
Marshall, Alabama 1 $ 105,000 $ 105,000 $ 30,000
Shelby, Alabama 1 $ 55,000 $ 55,000 $ 112,000
Benton, Arkansas 1 $ 85,000 $ 85,000 $ 182,000
Boone, Arkansas 1 $ 315,000 $ 315,000 $ 115,000
Alameda, California 1 $ 905,000 $ 905,000 $ 252,000
Amador, California 1 $ 235,000 $ 235,000 $ 73,000
El Dorado, California 1 $ 205,000 $ 205,000 $ 192,000
Kern, California 1 $ 105,000 $ 105,000 $ 43,000
Riverside, California 1 $ 245,000 $ 245,000 $ 71,000
Sacramento, California 1 $ 165,000 $ 165,000 $ 81,000
San Bernardino, California 1 $ 165,000 $ 165,000 $ 49,000
Solano, California 1 $ 215,000 $ 215,000 $ 89,000
Stanislaus, California 1 $ 225,000 $ 225,000 $ 58,000
Arapahoe, Colorado 1 $ 555,000 $ 555,000 $ 150,000
Denver, Colorado 1 $ 885,000 $ 885,000 $ 0
Jefferson, Colorado 1 $ 165,000 $ 165,000 $ 289,000
Routt, Colorado 1 $ 335,000 $ 335,000 $ 146,000
Hartford, Connecticut 1 $ 285,000 $ 285,000 $ 183,000
Windham, Connecticut 1 $ 85,000 $ 85,000 $ 88,000
Kent, Delaware 1 $ 105,000 $ 105,000 $ 24,000
Charlotte, Florida 1 $ 215,000 $ 215,000 $ 86,000
Hernando, Florida 1 $ 105,000 $ 105,000 $ 51,000
Leon, Florida 1 $ 25,000 $ 25,000 $ 78,000
Martin, Florida 1 $ 335,000 $ 335,000 $ 140,000
Pasco, Florida 1 $ 35,000 $ 35,000 $ 28,000
Pinellas, Florida 1 $ 255,000 $ 255,000 $ 135,000
Polk, Florida 1 $ 265,000 $ 265,000 $ 112,000
Putnam, Florida 1 $ 95,000 $ 95,000 $ 49,000
Volusia, Florida 1 $ 85,000 $ 85,000 $ 50,000
Newton, Georgia 1 $ 75,000 $ 75,000 $ 94,000
Bonneville, Idaho 1 $ 285,000 $ 285,000 $ 114,000
Boone, Illinois 1 $ 85,000 $ 85,000 $ 350,000
McLean, Illinois 1 $ 65,000 $ 65,000 $ 56,000
Sangamon, Illinois 1 $ 185,000 $ 185,000 $ 154,000
Adams, Indiana 1 $ 185,000 $ 185,000 $ 148,000
Decatur, Indiana 1 $ 35,000 $ 35,000 $ 78,000
Harrison, Indiana 1 $ 55,000 $ 55,000 $ 119,000
Lake, Indiana 1 $ 135,000 $ 135,000 $ 99,000
Fayette, Iowa 1 $ 85,000 $ 85,000 $ 91,000
Polk, Iowa 1 $ 115,000 $ 115,000 $ 68,000
Union, Iowa 1 $ 215,000 $ 215,000 $ 125,000
Warren, Iowa 1 $ 95,000 $ 95,000 $ 117,000
Bell, Kentucky 1 $ 105,000 $ 105,000 $ 128,000
Daviess, Kentucky 1 $ 155,000 $ 155,000 $ 43,000
Hardin, Kentucky 1 $ 125,000 $ 125,000 $ 71,000
Ascension, Louisiana 1 $ 195,000 $ 195,000 $ 0
Calcasieu, Louisiana 1 $ 105,000 $ 105,000 $ 84,000
East Baton Rouge, Louisiana 1 $ 195,000 $ 195,000 $ 51,000
St. Tammany, Louisiana 1 $ 205,000 $ 205,000 $ 261,000
Worcester, Maryland 1 $ 255,000 $ 255,000 $ 121,000
Bristol, Massachusetts 1 $ 205,000 $ 205,000 $ 219,000
Hampden, Massachusetts 1 $ 255,000 $ 255,000 $ 93,000
Hampshire, Massachusetts 1 $ 85,000 $ 85,000 $ 155,000
Plymouth, Massachusetts 1 $ 225,000 $ 225,000 $ 211,000
Kalamazoo, Michigan 1 $ 185,000 $ 185,000 $ 88,000
Montcalm, Michigan 1 $ 95,000 $ 95,000 $ 56,000
Chisago, Minnesota 1 $ 245,000 $ 245,000 $ 100,000
Olmsted, Minnesota 1 $ 305,000 $ 305,000 $ 152,000
Winona, Minnesota 1 $ 245,000 $ 245,000 $ 71,000
Franklin, Missouri 1 $ 285,000 $ 285,000 $ 107,000
Madison, Missouri 1 $ 145,000 $ 145,000 $ 86,000
Glacier, Montana 1 $ 95,000 $ 95,000 $ 36,000
Antelope, Nebraska 1 $ 105,000 $ 105,000 $ 24,000
Douglas, Nebraska 1 $ 255,000 $ 255,000 $ 60,000
Howard, Nebraska 1 $ 55,000 $ 55,000 $ 57,000
Clark, Nevada 1 $ 75,000 $ 75,000 $ 60,000
Cheshire, New Hampshire 1 $ 215,000 $ 215,000 $ 96,000
Coos, New Hampshire 1 $ 125,000 $ 125,000 $ 85,000
Sullivan, New Hampshire 1 $ 155,000 $ 155,000 $ 74,000
Atlantic, New Jersey 1 $ 85,000 $ 85,000 $ 182,000
Dona Ana, New Mexico 1 $ 155,000 $ 155,000 $ 67,000
Grant, New Mexico 1 $ 35,000 $ 35,000 $ 39,000
Albany, New York 1 $ 225,000 $ 225,000 $ 77,000
Dutchess, New York 1 $ 565,000 $ 565,000 $ 162,000
Monroe, New York 1 $ 415,000 $ 415,000 $ 97,000
New York, New York 1 $ 495,000 $ 495,000 $ 159,000
Ontario, New York 1 $ 25,000 $ 25,000 $ 0
Orange, New York 1 $ 225,000 $ 225,000 $ 113,000
Oswego, New York 1 $ 135,000 $ 135,000 $ 131,000
Richmond, New York 1 $ 235,000 $ 235,000 $ 180,000
Saratoga, New York 1 $ 245,000 $ 245,000 $ 60,000
St. Lawrence, New York 1 $ 215,000 $ 215,000 $ 137,000
Warren, New York 1 $ 55,000 $ 55,000 $ 29,000
Yates, New York 1 $ 105,000 $ 105,000 $ 92,000
Brunswick, North Carolina 1 $ 125,000 $ 125,000 $ 170,000
Currituck, North Carolina 1 $ 1,105,000 $ 1,105,000 $ 727,000
Edgecombe, North Carolina 1 $ 175,000 $ 175,000 $ 86,000
Forsyth, North Carolina 1 $ 175,000 $ 175,000 $ 170,000
Lincoln, North Carolina 1 $ 85,000 $ 85,000 $ 82,000
Pender, North Carolina 1 $ 55,000 $ 55,000 $ 144,000
Rockingham, North Carolina 1 $ 145,000 $ 145,000 $ 111,000
Cass, North Dakota 1 $ 85,000 $ 85,000 $ 36,000
Butler, Ohio 1 $ 65,000 $ 65,000 $ 144,000
Lucas, Ohio 1 $ 105,000 $ 105,000 $ 182,000
Wayne, Ohio 1 $ 105,000 $ 105,000 $ 110,000
Williams, Ohio 1 $ 85,000 $ 85,000 $ 67,000
Cherokee, Oklahoma 1 $ 75,000 $ 75,000 $ 0
Kay, Oklahoma 1 $ 85,000 $ 85,000 $ 81,000
Logan, Oklahoma 1 $ 205,000 $ 205,000 $ 152,000
Sequoyah, Oklahoma 1 $ 335,000 $ 335,000 $ 71,000
Woodward, Oklahoma 1 $ 85,000 $ 85,000 $ 85,000
Bedford, Pennsylvania 1 $ 75,000 $ 75,000 $ 39,000
Blair, Pennsylvania 1 $ 125,000 $ 125,000 $ 122,000
Bucks, Pennsylvania 1 $ 55,000 $ 55,000 $ 0
Delaware, Pennsylvania 1 $ 205,000 $ 205,000 $ 56,000
Montgomery, Pennsylvania 1 $ 45,000 $ 45,000 $ 50,000
Philadelphia, Pennsylvania 1 $ 105,000 $ 105,000 $ 44,000
Washington, Pennsylvania 1 $ 105,000 $ 105,000 $ 135,000
Providence, Rhode Island 1 $ 355,000 $ 355,000 $ 67,000
Charleston, South Carolina 1 $ 285,000 $ 285,000 $ 88,000
Dorchester, South Carolina 1 $ 95,000 $ 95,000 $ 82,000
Hampton, South Carolina 1 $ 105,000 $ 105,000 $ 88,000
Minnehaha, South Dakota 1 $ 205,000 $ 205,000 $ 56,000
Shelby, Tennessee 1 $ 205,000 $ 205,000 $ 77,000
Sumner, Tennessee 1 $ 55,000 $ 55,000 $ 110,000
Unicoi, Tennessee 1 $ 345,000 $ 345,000 $ 0
Angelina, Texas 1 $ 85,000 $ 85,000 $ 57,000
Burleson, Texas 1 $ 125,000 $ 125,000 $ 88,000
Dallas, Texas 1 $ 245,000 $ 245,000 $ 100,000
Gregg, Texas 1 $ 35,000 $ 35,000 $ 123,000
Hidalgo, Texas 1 $ 195,000 $ 195,000 $ 59,000
Jackson, Texas 1 $ 75,000 $ 75,000 $ 182,000
Stonewall, Texas 1 $ 35,000 $ 35,000 $ 54,000
Travis, Texas 1 $ 245,000 $ 245,000 $ 70,000
Walker, Texas 1 $ 205,000 $ 205,000 $ 60,000
Davis, Utah 1 $ 385,000 $ 385,000 $ 135,000
Chesterfield, Virginia 1 $ 225,000 $ 225,000 $ 101,000
Henrico, Virginia 1 $ 285,000 $ 285,000 $ 119,000
Montgomery, Virginia 1 $ 305,000 $ 305,000 $ 41,000
Northumberland, Virginia 1 $ 85,000 $ 85,000 $ 65,000
Stafford, Virginia 1 $ 325,000 $ 325,000 $ 89,000
Washington, Virginia 1 $ 135,000 $ 135,000 $ 36,000
Clark, Washington 1 $ 465,000 $ 465,000 $ 275,000
Thurston, Washington 1 $ 445,000 $ 445,000 $ 110,000
Monongalia, West Virginia 1 $ 205,000 $ 205,000 $ 96,000
Pleasants, West Virginia 1 $ 185,000 $ 185,000 $ 54,000
Raleigh, West Virginia 1 $ 125,000 $ 125,000 $ 43,000
Dunn, Wisconsin 1 $ 355,000 $ 355,000 $ 942,000
Marinette, Wisconsin 1 $ 155,000 $ 155,000 $ 62,000

Mortgage Loan Application Detail Totals for Signature Federal Credit Union in 2021

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 86 $19,370,000 $225,000 $1,105,000 $120,000 $727,000
Home Purchase 85 $19,735,000 $232,000 $905,000 $106,000 $942,000
Home Improvement 41 $3,935,000 $95,000 $205,000 $145,000 $350,000
Cash-out Refinancing 17 $4,085,000 $240,000 $545,000 $100,000 $211,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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 157 $31,535,000 $200,000 $1,105,000 $122,000 $942,000
Not Provided 28 $5,580,000 $199,000 $555,000 $110,000 $211,000
Black or African American 26 $5,260,000 $202,000 $585,000 $109,000 $284,000
Hispanic 12 $3,080,000 $256,000 $775,000 $124,000 $399,000
American Indian or Alaskan Native 2 $410,000 $205,000 $335,000 $35,000 $71,000
Asian 2 $470,000 $235,000 $245,000 $86,000 $101,000
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) 229 $47,125,000 $205,000 $1,105,000 $118,000 $942,000
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 132 $23,690,000 $179,000 $1,105,000 $133,000 $727,000
Application Withdrawn By Applicant 82 $19,400,000 $236,000 $905,000 $96,000 $942,000
Application Denied By Financial Institution 13 $2,935,000 $225,000 $585,000 $89,000 $284,000
Preapproval Denied by Financial Institution 2 $1,100,000 $550,000 $775,000 $123,000 $157,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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 214 $43,090,000 $201,000 $1,105,000 $120,000 $942,000
Credit History 10 $2,410,000 $241,000 $585,000 $90,000 $284,000
Debt-To-Income Ratio 4 $1,500,000 $375,000 $775,000 $115,000 $157,000
Collateral 1 $125,000 $125,000 $125,000 $43,000 $43,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Signature Federal Credit Union's 2021 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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