Partners Financial Federal C U Mortgage Lending & HMDA Data, 2009
In 2009, Partners Financial Federal C U of Glen Allen, VA reported 180 mortgage applications totaling $6.8 million, up 41% from 2008. The average application was for $37,755, and applicants reported an average income of $68,150. 71% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Richmond, VA (136), Washington-Arlington-Alexandria, DC-VA-MD-WV (6) and Virginia Beach-Norfolk-Newport News, VA-NC (3) (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 | 180 |
| Total Mortgage Loan Application Amount | $6,796,000 |
| Average Mortgage Loan Application Amount | $37,755 |
| Highest Mortgage Loan Application Amount | $365,000 |
| Average Applicant Income | $68,150 |
| Highest Applicant Income | $216,000 |
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records Partners Financial Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 41 | $ 1,765,000 | $ 43,048 | $ 61,000 |
| Chesterfield, Virginia | 33 | $ 1,326,000 | $ 40,181 | $ 73,000 |
| Richmond City, Virginia | 22 | $ 710,000 | $ 32,272 | $ 55,000 |
| Hanover, Virginia | 15 | $ 930,000 | $ 62,000 | $ 93,000 |
| Caroline, Virginia | 5 | $ 24,000 | $ 4,800 | $ 36,000 |
| Goochland, Virginia | 3 | $ 30,000 | $ 10,000 | $ 84,000 |
| Hopewell, Virginia | 3 | $ 174,000 | $ 58,000 | $ 118,000 |
| Louisa, Virginia | 3 | $ 16,000 | $ 5,333 | $ 62,000 |
| Powhatan, Virginia | 3 | $ 224,000 | $ 74,666 | $ 58,000 |
| Cobb, Georgia | 2 | $ 9,000 | $ 4,500 | $ 101,000 |
| Prince George's, Maryland | 2 | $ 10,000 | $ 5,000 | $ 113,000 |
| Chatham, North Carolina | 2 | $ 13,000 | $ 6,500 | $ 34,000 |
| Alleghany, Virginia | 2 | $ 8,000 | $ 4,000 | $ 80,000 |
| Charles City, Virginia | 2 | $ 73,000 | $ 36,500 | $ 85,000 |
| King and Queen, Virginia | 2 | $ 306,000 | $ 153,000 | $ 82,000 |
| Nottoway, Virginia | 2 | $ 88,000 | $ 44,000 | $ 53,000 |
| Prince William, Virginia | 2 | $ 403,000 | $ 201,500 | $ 105,000 |
| York, Virginia | 2 | $ 93,000 | $ 46,500 | $ 42,000 |
| Berkeley, West Virginia | 2 | $ 22,000 | $ 11,000 | $ 134,000 |
| Jefferson, West Virginia | 2 | $ 6,000 | $ 3,000 | $ 64,000 |
| Clark, Kentucky | 1 | $ 5,000 | $ 5,000 | $ 38,000 |
| Scott, Kentucky | 1 | $ 1,000 | $ 1,000 | $ 30,000 |
| Baltimore, Maryland | 1 | $ 5,000 | $ 5,000 | $ 44,000 |
| Carroll, Maryland | 1 | $ 4,000 | $ 4,000 | $ 48,000 |
| St. Mary's, Maryland | 1 | $ 4,000 | $ 4,000 | $ 87,000 |
| Wayne, Michigan | 1 | $ 10,000 | $ 10,000 | $ 80,000 |
| Wyoming, New York | 1 | $ 10,000 | $ 10,000 | $ 58,000 |
| Iredell, North Carolina | 1 | $ 6,000 | $ 6,000 | $ 59,000 |
| Rowan, North Carolina | 1 | $ 3,000 | $ 3,000 | $ 36,000 |
| Clarendon, South Carolina | 1 | $ 19,000 | $ 19,000 | $ 124,000 |
| Florence, South Carolina | 1 | $ 2,000 | $ 2,000 | $ 50,000 |
| Bedford, Virginia | 1 | $ 84,000 | $ 84,000 | $ 38,000 |
| Botetourt, Virginia | 1 | $ 2,000 | $ 2,000 | $ 53,000 |
| Chesapeake, Virginia | 1 | $ 2,000 | $ 2,000 | $ 34,000 |
| Colonial Heights, Virginia | 1 | $ 100,000 | $ 100,000 | $ 153,000 |
| Culpeper, Virginia | 1 | $ 6,000 | $ 6,000 | $ 55,000 |
| Cumberland, Virginia | 1 | $ 3,000 | $ 3,000 | $ 35,000 |
| Franklin, Virginia | 1 | $ 6,000 | $ 6,000 | $ 44,000 |
| Highland, Virginia | 1 | $ 18,000 | $ 18,000 | $ 71,000 |
| King William, Virginia | 1 | $ 15,000 | $ 15,000 | $ 115,000 |
| Lunenburg, Virginia | 1 | $ 5,000 | $ 5,000 | $ 77,000 |
| Madison, Virginia | 1 | $ 195,000 | $ 195,000 | $ 37,000 |
| Nelson, Virginia | 1 | $ 8,000 | $ 8,000 | $ 50,000 |
| New Kent, Virginia | 1 | $ 23,000 | $ 23,000 | $ 115,000 |
| Northumberland, Virginia | 1 | $ 4,000 | $ 4,000 | $ 11,000 |
| Pulaski, Virginia | 1 | $ 1,000 | $ 1,000 | $ 61,000 |
| Richmond, Virginia | 1 | $ 4,000 | $ 4,000 | $ 57,000 |
| Rockingham, Virginia | 1 | $ 3,000 | $ 3,000 | $ 59,000 |
| Randolph, West Virginia | 1 | $ 12,000 | $ 12,000 | $ 63,000 |
| Summers, West Virginia | 1 | $ 6,000 | $ 6,000 | $ 80,000 |
Mortgage Loan Application Detail Totals for Partners Financial Federal C U in 2009
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 | 134 | $805,000 | $6,000 | $20,000 | $63,000 | $216,000 |
| Refinancing | 39 | $4,676,000 | $119,000 | $365,000 | $83,000 | $166,000 |
| Home Purchase | 7 | $1,315,000 | $187,000 | $295,000 | $84,000 | $131,000 |
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 | 88 | $5,446,000 | $61,000 | $365,000 | $76,000 | $166,000 |
| Black or African American | 44 | $736,000 | $16,000 | $175,000 | $52,000 | $123,000 |
| Not Provided | 42 | $363,000 | $8,000 | $135,000 | $69,000 | $216,000 |
| Asian | 5 | $248,000 | $49,000 | $50,000 | $79,000 | $132,000 |
| Hispanic | 1 | $3,000 | $3,000 | $3,000 | $35,000 | $35,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 180 | $6,796,000 | $37,000 | $365,000 | $68,000 | $216,000 |
| 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 | 128 | $3,437,000 | $26,000 | $310,000 | $68,000 | $216,000 |
| Application Withdrawn By Applicant | 27 | $2,195,000 | $81,000 | $295,000 | $79,000 | $153,000 |
| Application Denied By Financial Institution | 22 | $682,000 | $31,000 | $365,000 | $62,000 | $132,000 |
| File Closed For Incompleteness | 2 | $265,000 | $132,000 | $215,000 | $30,000 | $37,000 |
| Application Approved But Not Accepted | 1 | $217,000 | $217,000 | $217,000 | $71,000 | $71,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 11 | $52,000 | $4,000 | $10,000 | $59,000 | $129,000 |
| Credit History | 5 | $22,000 | $4,000 | $5,000 | $57,000 | $100,000 |
| Collateral | 4 | $464,000 | $116,000 | $365,000 | $94,000 | $132,000 |
| Other | 2 | $144,000 | $72,000 | $140,000 | $25,000 | $45,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Partners Financial Federal C U's 2009 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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