Partners Financial Federal C U Mortgage Lending & HMDA Data, 2010
In 2010, Partners Financial Federal C U of Glen Allen, VA reported 140 mortgage applications totaling $3.2 million, down 22% from 2009. The average application was for $22,871, and applicants reported an average income of $63,707. 74% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Richmond, VA (102), Baltimore-Towson, MD (3) 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 | 140 |
| Total Mortgage Loan Application Amount | $3,202,000 |
| Average Mortgage Loan Application Amount | $22,871 |
| Highest Mortgage Loan Application Amount | $308,000 |
| Average Applicant Income | $63,707 |
| Highest Applicant Income | $195,000 |
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records Partners Financial Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 27 | $ 859,000 | $ 31,814 | $ 61,000 |
| Chesterfield, Virginia | 21 | $ 564,000 | $ 26,857 | $ 77,000 |
| Richmond City, Virginia | 19 | $ 269,000 | $ 14,157 | $ 45,000 |
| Hanover, Virginia | 10 | $ 245,000 | $ 24,500 | $ 74,000 |
| Louisa, Virginia | 6 | $ 50,000 | $ 8,333 | $ 70,000 |
| Goochland, Virginia | 5 | $ 108,000 | $ 21,600 | $ 102,000 |
| Powhatan, Virginia | 4 | $ 78,000 | $ 19,500 | $ 103,000 |
| Adams, Pennsylvania | 2 | $ 11,000 | $ 5,500 | $ 55,000 |
| Caroline, Virginia | 2 | $ 8,000 | $ 4,000 | $ 31,000 |
| Charles City, Virginia | 2 | $ 10,000 | $ 5,000 | $ 50,000 |
| Dinwiddie, Virginia | 2 | $ 11,000 | $ 5,500 | $ 58,000 |
| Fauquier, Virginia | 2 | $ 14,000 | $ 7,000 | $ 44,000 |
| Kent, Delaware | 1 | $ 2,000 | $ 2,000 | $ 40,000 |
| Sussex, Delaware | 1 | $ 42,000 | $ 42,000 | $ 60,000 |
| Burke, Georgia | 1 | $ 3,000 | $ 3,000 | $ 28,000 |
| Cobb, Georgia | 1 | $ 4,000 | $ 4,000 | $ 43,000 |
| Colquitt, Georgia | 1 | $ 14,000 | $ 14,000 | $ 81,000 |
| Crisp, Georgia | 1 | $ 1,000 | $ 1,000 | $ 28,000 |
| Jackson, Georgia | 1 | $ 5,000 | $ 5,000 | $ 21,000 |
| Daviess, Kentucky | 1 | $ 15,000 | $ 15,000 | $ 32,000 |
| Mason, Kentucky | 1 | $ 2,000 | $ 2,000 | $ 58,000 |
| Nelson, Kentucky | 1 | $ 5,000 | $ 5,000 | $ 65,000 |
| Taylor, Kentucky | 1 | $ 26,000 | $ 26,000 | $ 54,000 |
| Union, Kentucky | 1 | $ 3,000 | $ 3,000 | $ 48,000 |
| Warren, Kentucky | 1 | $ 3,000 | $ 3,000 | $ 16,000 |
| Anne Arundel, Maryland | 1 | $ 3,000 | $ 3,000 | $ 95,000 |
| Baltimore, Maryland | 1 | $ 2,000 | $ 2,000 | $ 74,000 |
| Carroll, Maryland | 1 | $ 3,000 | $ 3,000 | $ 31,000 |
| Iredell, North Carolina | 1 | $ 2,000 | $ 2,000 | $ 43,000 |
| Mecklenburg, North Carolina | 1 | $ 165,000 | $ 165,000 | $ 152,000 |
| Schuylkill, Pennsylvania | 1 | $ 4,000 | $ 4,000 | $ 162,000 |
| Dillon, South Carolina | 1 | $ 10,000 | $ 10,000 | $ 36,000 |
| Charlotte, Virginia | 1 | $ 224,000 | $ 224,000 | $ 105,000 |
| Franklin, Virginia | 1 | $ 4,000 | $ 4,000 | $ 110,000 |
| Hopewell, Virginia | 1 | $ 2,000 | $ 2,000 | $ 44,000 |
| King William, Virginia | 1 | $ 10,000 | $ 10,000 | $ 30,000 |
| New Kent, Virginia | 1 | $ 10,000 | $ 10,000 | $ 59,000 |
| Newport News, Virginia | 1 | $ 67,000 | $ 67,000 | $ 55,000 |
| Nottoway, Virginia | 1 | $ 1,000 | $ 1,000 | $ 38,000 |
| Petersburg, Virginia | 1 | $ 3,000 | $ 3,000 | $ 57,000 |
| Pulaski, Virginia | 1 | $ 3,000 | $ 3,000 | $ 59,000 |
| Richmond, Virginia | 1 | $ 5,000 | $ 5,000 | $ 59,000 |
| Virginia Beach, Virginia | 1 | $ 308,000 | $ 308,000 | $ 160,000 |
| York, Virginia | 1 | $ 5,000 | $ 5,000 | $ 47,000 |
| Berkeley, West Virginia | 1 | $ 5,000 | $ 5,000 | $ 60,000 |
| Cabell, West Virginia | 1 | $ 2,000 | $ 2,000 | $ 36,000 |
| Grant, West Virginia | 1 | $ 1,000 | $ 1,000 | $ 27,000 |
| Hampshire, West Virginia | 1 | $ 2,000 | $ 2,000 | $ 52,000 |
| Jefferson, West Virginia | 1 | $ 4,000 | $ 4,000 | $ 94,000 |
| Pocahontas, West Virginia | 1 | $ 5,000 | $ 5,000 | $ 57,000 |
Mortgage Loan Application Detail Totals for Partners Financial Federal C U in 2010
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 | 121 | $762,000 | $6,000 | $29,000 | $60,000 | $195,000 |
| Refinancing | 18 | $2,240,000 | $124,000 | $308,000 | $88,000 | $160,000 |
| Home Purchase | 1 | $200,000 | $200,000 | $200,000 | $75,000 | $75,000 |
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 | 90 | $2,513,000 | $27,000 | $308,000 | $71,000 | $195,000 |
| Black or African American | 29 | $483,000 | $16,000 | $198,000 | $52,000 | $128,000 |
| Not Provided | 18 | $123,000 | $6,000 | $16,000 | $49,000 | $110,000 |
| Hispanic | 2 | $20,000 | $10,000 | $10,000 | $62,000 | $70,000 |
| American Indian or Alaskan Native | 1 | $63,000 | $63,000 | $63,000 | $77,000 | $77,000 |
| Asian | 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) | 140 | $3,202,000 | $22,000 | $308,000 | $64,000 | $195,000 |
| 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 | 104 | $2,462,000 | $23,000 | $308,000 | $68,000 | $195,000 |
| Application Withdrawn By Applicant | 21 | $656,000 | $31,000 | $285,000 | $57,000 | $144,000 |
| Application Denied By Financial Institution | 13 | $78,000 | $6,000 | $15,000 | $49,000 | $89,000 |
| Application Approved But Not Accepted | 2 | $6,000 | $3,000 | $3,000 | $43,000 | $43,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 8 | $47,000 | $5,000 | $15,000 | $48,000 | $89,000 |
| Other | 3 | $25,000 | $8,000 | $10,000 | $55,000 | $78,000 |
| Credit History | 2 | $6,000 | $3,000 | $3,000 | $44,000 | $57,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 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 2010 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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