Partners Financial Federal C U Mortgage Lending & HMDA Data, 2006
In 2006, Partners Financial Federal C U of Glen Allen, VA reported 30 mortgage applications totaling $3.9 million. The average application was for $130,000, and applicants reported an average income of $84,466. 73% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Richmond, VA (23) and Washington-Arlington-Alexandria, DC-VA-MD-WV (1).
| Mortgage Company & Address | Partners Financial Federal C U 1200 New York Avenue Glen Allen, VA 23060 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2004 |
| Total Number of Mortgage Applications | 30 |
| Total Mortgage Loan Application Amount | $3,900,000 |
| Average Mortgage Loan Application Amount | $130,000 |
| Highest Mortgage Loan Application Amount | $480,000 |
| Average Applicant Income | $84,466 |
| Highest Applicant Income | $215,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Partners Financial Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Henrico, Virginia | 8 | $ 1,256,000 | $ 157,000 | $ 103,000 |
| Chesterfield, Virginia | 6 | $ 1,017,000 | $ 169,500 | $ 90,000 |
| Hanover, Virginia | 4 | $ 780,000 | $ 195,000 | $ 109,000 |
| Louisa, Virginia | 2 | $ 172,000 | $ 86,000 | $ 60,000 |
| St. Mary's, Maryland | 1 | $ 72,000 | $ 72,000 | $ 29,000 |
| Sampson, North Carolina | 1 | $ 19,000 | $ 19,000 | $ 82,000 |
| King William, Virginia | 1 | $ 65,000 | $ 65,000 | $ 143,000 |
| Nottoway, Virginia | 1 | $ 79,000 | $ 79,000 | $ 47,000 |
| Powhatan, Virginia | 1 | $ 100,000 | $ 100,000 | $ 63,000 |
| Prince Edward, Virginia | 1 | $ 80,000 | $ 80,000 | $ 48,000 |
| Richmond City, Virginia | 1 | $ 40,000 | $ 40,000 | $ 31,000 |
| Stafford, Virginia | 1 | $ 30,000 | $ 30,000 | $ 91,000 |
Mortgage Loan Application Detail Totals for Partners Financial Federal C U in 2006
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 | 22 | $2,587,000 | $117,000 | $345,000 | $83,000 | $205,000 |
| Home Purchase | 6 | $1,234,000 | $205,000 | $480,000 | $81,000 | $215,000 |
| Home Improvement | 2 | $79,000 | $39,000 | $60,000 | $111,000 | $140,000 |
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 |
|---|---|---|---|---|---|---|
| White | 23 | $3,035,000 | $131,000 | $480,000 | $84,000 | $215,000 |
| Black or African American | 4 | $234,000 | $58,000 | $79,000 | $63,000 | $143,000 |
| Not Provided | 3 | $631,000 | $210,000 | $345,000 | $110,000 | $180,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 30 | $3,900,000 | $130,000 | $480,000 | $84,000 | $215,000 |
| 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 | 22 | $2,989,000 | $135,000 | $480,000 | $98,000 | $215,000 |
| Application Withdrawn By Applicant | 6 | $721,000 | $120,000 | $175,000 | $48,000 | $66,000 |
| Preapproval Denied by Financial Institution | 2 | $190,000 | $95,000 | $120,000 | $39,000 | $50,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application 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 | 2 | $190,000 | $95,000 | $120,000 | $39,000 | $50,000 |
| 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 Partners Financial Federal C U's 2006 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 Partners Financial Federal C U'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 Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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