Partners Financial Federal C U Mortgage Lending & HMDA Data, 2012
In 2012, Partners Financial Federal C U of Glen Allen, VA reported 126 mortgage applications totaling $6.3 million, down 15% from 2011. The average application was for $50,126, and applicants reported an average income of $71,341. 72% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Richmond, VA (102), Baltimore-Towson, MD (2) and Virginia Beach-Norfolk-Newport News, VA-NC (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 | 126 |
| Total Mortgage Loan Application Amount | $6,316,000 |
| Average Mortgage Loan Application Amount | $50,126 |
| Highest Mortgage Loan Application Amount | $443,000 |
| Average Applicant Income | $71,341 |
| Highest Applicant Income | $344,000 |
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records Partners Financial Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 39 | $ 2,780,000 | $ 71,282 | $ 78,000 |
| Chesterfield, Virginia | 24 | $ 957,000 | $ 39,875 | $ 73,000 |
| Richmond City, Virginia | 19 | $ 848,000 | $ 44,631 | $ 62,000 |
| Hanover, Virginia | 4 | $ 187,000 | $ 46,750 | $ 81,000 |
| Prince George, Virginia | 4 | $ 225,000 | $ 56,250 | $ 102,000 |
| Carroll, Maryland | 2 | $ 9,000 | $ 4,500 | $ 38,000 |
| Alleghany, Virginia | 2 | $ 47,000 | $ 23,500 | $ 108,000 |
| Amelia, Virginia | 2 | $ 12,000 | $ 6,000 | $ 47,000 |
| Caroline, Virginia | 2 | $ 14,000 | $ 7,000 | $ 30,000 |
| Essex, Virginia | 2 | $ 106,000 | $ 53,000 | $ 104,000 |
| Powhatan, Virginia | 2 | $ 300,000 | $ 150,000 | $ 37,000 |
| Marion, Florida | 1 | $ 6,000 | $ 6,000 | $ 74,000 |
| Daviess, Kentucky | 1 | $ 10,000 | $ 10,000 | $ 66,000 |
| Caroline, Maryland | 1 | $ 5,000 | $ 5,000 | $ 20,000 |
| Livingston, Michigan | 1 | $ 5,000 | $ 5,000 | $ 82,000 |
| Anson, North Carolina | 1 | $ 4,000 | $ 4,000 | $ 31,000 |
| Dare, North Carolina | 1 | $ 2,000 | $ 2,000 | $ 36,000 |
| Iredell, North Carolina | 1 | $ 4,000 | $ 4,000 | $ 43,000 |
| Sampson, North Carolina | 1 | $ 10,000 | $ 10,000 | $ 41,000 |
| Clarendon, South Carolina | 1 | $ 12,000 | $ 12,000 | $ 73,000 |
| Charlotte, Virginia | 1 | $ 311,000 | $ 311,000 | $ 126,000 |
| Chesapeake, Virginia | 1 | $ 20,000 | $ 20,000 | $ 118,000 |
| Cumberland, Virginia | 1 | $ 105,000 | $ 105,000 | $ 57,000 |
| Floyd, Virginia | 1 | $ 100,000 | $ 100,000 | $ 60,000 |
| Franklin, Virginia | 1 | $ 3,000 | $ 3,000 | $ 66,000 |
| Goochland, Virginia | 1 | $ 51,000 | $ 51,000 | $ 176,000 |
| Hopewell, Virginia | 1 | $ 54,000 | $ 54,000 | $ 66,000 |
| James City, Virginia | 1 | $ 1,000 | $ 1,000 | $ 44,000 |
| Louisa, Virginia | 1 | $ 8,000 | $ 8,000 | $ 99,000 |
| Lunenburg, Virginia | 1 | $ 6,000 | $ 6,000 | $ 63,000 |
| New Kent, Virginia | 1 | $ 17,000 | $ 17,000 | $ 45,000 |
| Rockingham, Virginia | 1 | $ 5,000 | $ 5,000 | $ 36,000 |
| Sussex, Virginia | 1 | $ 72,000 | $ 72,000 | $ 55,000 |
| Fayette, West Virginia | 1 | $ 15,000 | $ 15,000 | $ 60,000 |
| Upshur, West Virginia | 1 | $ 5,000 | $ 5,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for Partners Financial Federal C U in 2012
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 | 87 | $1,202,000 | $13,000 | $143,000 | $67,000 | $270,000 |
| Refinancing | 38 | $5,034,000 | $132,000 | $443,000 | $82,000 | $344,000 |
| Home Purchase | 1 | $80,000 | $80,000 | $80,000 | $44,000 | $44,000 |
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 | 72 | $4,449,000 | $61,000 | $443,000 | $77,000 | $344,000 |
| Black or African American | 46 | $1,673,000 | $36,000 | $160,000 | $61,000 | $160,000 |
| Not Provided | 5 | $178,000 | $35,000 | $128,000 | $95,000 | $156,000 |
| Hispanic | 2 | $11,000 | $5,000 | $6,000 | $65,000 | $80,000 |
| American Indian or Alaskan Native | 1 | $5,000 | $5,000 | $5,000 | $54,000 | $54,000 |
| 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) | 126 | $6,316,000 | $50,000 | $443,000 | $72,000 | $344,000 |
| 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 | 91 | $4,507,000 | $49,000 | $311,000 | $73,000 | $270,000 |
| Application Denied By Financial Institution | 16 | $236,000 | $14,000 | $143,000 | $44,000 | $101,000 |
| Application Withdrawn By Applicant | 12 | $1,113,000 | $92,000 | $443,000 | $97,000 | $344,000 |
| Application Approved But Not Accepted | 6 | $300,000 | $50,000 | $167,000 | $75,000 | $116,000 |
| File Closed For Incompleteness | 1 | $160,000 | $160,000 | $160,000 | $78,000 | $78,000 |
| 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 | $60,000 | $5,000 | $15,000 | $37,000 | $60,000 |
| Credit History | 4 | $171,000 | $42,000 | $143,000 | $61,000 | $101,000 |
| Collateral | 1 | $5,000 | $5,000 | $5,000 | $54,000 | $54,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Partners Financial Federal C U's 2012 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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