Partners Financial Federal C U Mortgage Lending & HMDA Data, 2007
In 2007, Partners Financial Federal C U of Glen Allen, VA reported 83 mortgage applications totaling $4.7 million, up 177% from 2006. The average application was for $56,578, and applicants reported an average income of $68,602. 89% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Richmond, VA (62), Baltimore-Towson, MD (3) and Valdosta, GA (2) (applications in parentheses).
| 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 | 83 |
| Total Mortgage Loan Application Amount | $4,696,000 |
| Average Mortgage Loan Application Amount | $56,578 |
| Highest Mortgage Loan Application Amount | $455,000 |
| Average Applicant Income | $68,602 |
| Highest Applicant Income | $234,000 |
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records Partners Financial Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 19 | $ 1,113,000 | $ 58,578 | $ 73,000 |
| Chesterfield, Virginia | 15 | $ 714,000 | $ 47,600 | $ 68,000 |
| Richmond City, Virginia | 8 | $ 269,000 | $ 33,625 | $ 51,000 |
| Hanover, Virginia | 7 | $ 978,000 | $ 139,714 | $ 91,000 |
| Goochland, Virginia | 3 | $ 284,000 | $ 94,666 | $ 65,000 |
| Lowndes, Georgia | 2 | $ 8,000 | $ 4,000 | $ 25,000 |
| Louisa, Virginia | 2 | $ 317,000 | $ 158,500 | $ 56,000 |
| Nottoway, Virginia | 2 | $ 13,000 | $ 6,500 | $ 63,000 |
| Powhatan, Virginia | 2 | $ 129,000 | $ 64,500 | $ 92,000 |
| Mason, Kentucky | 1 | $ 3,000 | $ 3,000 | $ 40,000 |
| Anne Arundel, Maryland | 1 | $ 6,000 | $ 6,000 | $ 39,000 |
| Carroll, Maryland | 1 | $ 2,000 | $ 2,000 | $ 27,000 |
| Queen Anne's, Maryland | 1 | $ 6,000 | $ 6,000 | $ 83,000 |
| Cuyahoga, Ohio | 1 | $ 3,000 | $ 3,000 | $ 17,000 |
| Marlboro, South Carolina | 1 | $ 4,000 | $ 4,000 | $ 30,000 |
| Albemarle, Virginia | 1 | $ 63,000 | $ 63,000 | $ 63,000 |
| Alexandria, Virginia | 1 | $ 455,000 | $ 455,000 | $ 234,000 |
| Alleghany, Virginia | 1 | $ 10,000 | $ 10,000 | $ 56,000 |
| Charles City, Virginia | 1 | $ 1,000 | $ 1,000 | $ 55,000 |
| Chesapeake, Virginia | 1 | $ 3,000 | $ 3,000 | $ 30,000 |
| Colonial Heights, Virginia | 1 | $ 50,000 | $ 50,000 | $ 67,000 |
| Culpeper, Virginia | 1 | $ 16,000 | $ 16,000 | $ 104,000 |
| Franklin, Virginia | 1 | $ 5,000 | $ 5,000 | $ 44,000 |
| King William, Virginia | 1 | $ 20,000 | $ 20,000 | $ 105,000 |
| Lunenburg, Virginia | 1 | $ 5,000 | $ 5,000 | $ 65,000 |
| New Kent, Virginia | 1 | $ 2,000 | $ 2,000 | $ 31,000 |
| Orange, Virginia | 1 | $ 140,000 | $ 140,000 | $ 148,000 |
| Petersburg, Virginia | 1 | $ 43,000 | $ 43,000 | $ 134,000 |
| Prince George, Virginia | 1 | $ 4,000 | $ 4,000 | $ 48,000 |
| Prince William, Virginia | 1 | $ 9,000 | $ 9,000 | $ 76,000 |
| York, Virginia | 1 | $ 7,000 | $ 7,000 | $ 39,000 |
| Marshall, West Virginia | 1 | $ 14,000 | $ 14,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for Partners Financial Federal C U in 2007
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 | 62 | $1,224,000 | $19,000 | $275,000 | $60,000 | $150,000 |
| Refinancing | 14 | $1,632,000 | $116,000 | $315,000 | $77,000 | $148,000 |
| Home Purchase | 7 | $1,840,000 | $262,000 | $455,000 | $128,000 | $234,000 |
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 | 39 | $3,088,000 | $79,000 | $455,000 | $73,000 | $234,000 |
| Black or African American | 25 | $766,000 | $30,000 | $315,000 | $65,000 | $134,000 |
| Not Provided | 19 | $842,000 | $44,000 | $275,000 | $66,000 | $150,000 |
| 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) | 83 | $4,696,000 | $56,000 | $455,000 | $69,000 | $234,000 |
| 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 | 74 | $3,744,000 | $50,000 | $392,000 | $67,000 | $181,000 |
| Application Withdrawn By Applicant | 5 | $608,000 | $121,000 | $455,000 | $104,000 | $234,000 |
| File Closed For Incompleteness | 2 | $118,000 | $59,000 | $80,000 | $55,000 | $80,000 |
| Application Denied By Financial Institution | 2 | $226,000 | $113,000 | $224,000 | $52,000 | $77,000 |
| 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 | $2,000 | $2,000 | $2,000 | $27,000 | $27,000 |
| Debt-To-Income Ratio | 1 | $224,000 | $224,000 | $224,000 | $77,000 | $77,000 |
| 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 2007 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.
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