Parda Federal Credit Union Mortgage Lending & HMDA Data, 2025
In 2025, Parda Federal Credit Union of Auburn Hills, MI reported 95 mortgage applications totaling $10.2 million, down 24% from 2024. The average application was for $107,105, and applicants reported an average income of $102,063. 57% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Grand Rapids-Wyoming, MI (14), Ann Arbor, MI (12) and Warren-Troy-Farmington Hills, MI (8) (applications in parentheses).
| Mortgage Company & Address | Parda Federal Credit Union 2601 Cambridge Ct, Ste 210 Auburn Hills, MI 48326 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 95 |
| Total Mortgage Loan Application Amount | $10,175,000 |
| Average Mortgage Loan Application Amount | $107,105 |
| Highest Mortgage Loan Application Amount | $485,000 |
| Average Applicant Income | $102,063 |
| Highest Applicant Income | $362,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Parda Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 29 | $ 2,445,000 | $ 84,310 | $ 81,896 |
| Grand Rapids-Wyoming, MI | 14 | $ 1,360,000 | $ 97,142 | $ 82,000 |
| Ann Arbor, MI | 12 | $ 670,000 | $ 55,833 | $ 100,000 |
| Warren-Troy-Farmington Hills, MI | 8 | $ 880,000 | $ 110,000 | $ 124,000 |
| Detroit-Dearborn-Livonia, MI | 7 | $ 1,065,000 | $ 152,142 | $ 87,000 |
| Newark, NJ-PA | 7 | $ 1,075,000 | $ 153,571 | $ 180,000 |
| Greenville-Anderson-Mauldin, SC | 2 | $ 400,000 | $ 200,000 | $ 39,000 |
| Kalamazoo-Portage, MI | 2 | $ 210,000 | $ 105,000 | $ 272,000 |
| Lancaster, PA | 2 | $ 160,000 | $ 80,000 | $ 104,000 |
| Rockford, IL | 2 | $ 140,000 | $ 70,000 | $ 79,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 55,000 | $ 55,000 | $ 159,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 435,000 | $ 435,000 | $ 95,000 |
| Battle Creek, MI | 1 | $ 135,000 | $ 135,000 | $ 76,000 |
| Jackson, MI | 1 | $ 45,000 | $ 45,000 | $ 128,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Monroe, MI | 1 | $ 25,000 | $ 25,000 | $ 48,000 |
| Savannah, GA | 1 | $ 15,000 | $ 15,000 | $ 85,000 |
| Toledo, OH | 1 | $ 165,000 | $ 165,000 | $ 72,000 |
| York-Hanover, PA | 1 | $ 485,000 | $ 485,000 | $ 220,000 |
| Yuma, AZ | 1 | $ 125,000 | $ 125,000 | $ 119,000 |
Mortgage Loan Application Detail Totals for Parda Federal Credit Union in 2025
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 41 | $3,205,000 | $78,000 | $255,000 | $116,000 | $362,000 |
| Home Improvement | 25 | $1,275,000 | $51,000 | $105,000 | $88,000 | $214,000 |
| Home Purchase | 13 | $3,705,000 | $285,000 | $485,000 | $95,000 | $220,000 |
| Refinancing | 13 | $1,435,000 | $110,000 | $305,000 | $95,000 | $190,000 |
| Cash-out Refinancing | 3 | $555,000 | $185,000 | $395,000 | $90,000 | $171,000 |
| 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 | 52 | $5,360,000 | $103,000 | $485,000 | $105,000 | $273,000 |
| Black or African American | 14 | $1,570,000 | $112,000 | $435,000 | $94,000 | $214,000 |
| Hispanic | 13 | $1,235,000 | $95,000 | $285,000 | $94,000 | $362,000 |
| Not Provided | 10 | $980,000 | $98,000 | $335,000 | $76,000 | $132,000 |
| Asian | 4 | $640,000 | $160,000 | $195,000 | $184,000 | $281,000 |
| Not applicable | 2 | $390,000 | $195,000 | $285,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 95 | $10,175,000 | $107,000 | $485,000 | $102,000 | $362,000 |
| 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 | 54 | $5,590,000 | $103,000 | $435,000 | $103,000 | $362,000 |
| Application Denied By Financial Institution | 14 | $930,000 | $66,000 | $165,000 | $71,000 | $156,000 |
| File Closed For Incompleteness | 13 | $1,415,000 | $108,000 | $335,000 | $112,000 | $281,000 |
| Application Withdrawn By Applicant | 10 | $1,710,000 | $171,000 | $485,000 | $132,000 | $220,000 |
| Application Approved But Not Accepted | 2 | $140,000 | $70,000 | $85,000 | $90,000 | $127,000 |
| Loan Purchased By The Institution | 2 | $390,000 | $195,000 | $285,000 | $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 | 81 | $9,245,000 | $114,000 | $485,000 | $108,000 | $362,000 |
| Credit History | 6 | $240,000 | $40,000 | $85,000 | $49,000 | $132,000 |
| Other | 4 | $220,000 | $55,000 | $85,000 | $74,000 | $122,000 |
| Debt-To-Income Ratio | 2 | $150,000 | $75,000 | $95,000 | $137,000 | $156,000 |
| Employment History | 1 | $165,000 | $165,000 | $165,000 | $72,000 | $72,000 |
| Collateral | 1 | $155,000 | $155,000 | $155,000 | $60,000 | $60,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 Parda Federal Credit Union's 2025 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 Parda 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 Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
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