Partners Financial Federal C U Mortgage Lending & HMDA Data, 2013
In 2013, Partners Financial Federal C U of Glen Allen, VA reported 104 mortgage applications totaling $7.1 million, down 17% from 2012. The average application was for $68,355, and applicants reported an average income of $83,750. 82% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Richmond, VA (79), Virginia Beach-Norfolk-Newport News, VA-NC (5) and Charlottesville, VA (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 | 104 |
| Total Mortgage Loan Application Amount | $7,109,000 |
| Average Mortgage Loan Application Amount | $68,355 |
| Highest Mortgage Loan Application Amount | $309,000 |
| Average Applicant Income | $83,750 |
| Highest Applicant Income | $326,000 |
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records Partners Financial Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 22 | $ 1,319,000 | $ 59,954 | $ 81,000 |
| Chesterfield, Virginia | 20 | $ 1,322,000 | $ 66,100 | $ 70,000 |
| Hanover, Virginia | 16 | $ 2,422,000 | $ 151,375 | $ 121,000 |
| Richmond City, Virginia | 9 | $ 474,000 | $ 52,666 | $ 88,000 |
| Nottoway, Virginia | 3 | $ 141,000 | $ 47,000 | $ 99,000 |
| Alleghany, Virginia | 2 | $ 9,000 | $ 4,500 | $ 120,000 |
| Brunswick, Virginia | 2 | $ 4,000 | $ 2,000 | $ 28,000 |
| Caroline, Virginia | 2 | $ 5,000 | $ 2,500 | $ 65,000 |
| Chesapeake, Virginia | 2 | $ 21,000 | $ 10,500 | $ 96,000 |
| Goochland, Virginia | 2 | $ 115,000 | $ 57,500 | $ 62,000 |
| Prince George, Virginia | 2 | $ 10,000 | $ 5,000 | $ 86,000 |
| Dodge, Georgia | 1 | $ 48,000 | $ 48,000 | $ 48,000 |
| Nicholas, Kentucky | 1 | $ 3,000 | $ 3,000 | $ 61,000 |
| Carroll, Maryland | 1 | $ 2,000 | $ 2,000 | $ 31,000 |
| Prince George's, Maryland | 1 | $ 10,000 | $ 10,000 | $ 100,000 |
| Livingston, Michigan | 1 | $ 3,000 | $ 3,000 | $ 66,000 |
| Wayne, North Carolina | 1 | $ 3,000 | $ 3,000 | $ 18,000 |
| Albemarle, Virginia | 1 | $ 5,000 | $ 5,000 | $ 75,000 |
| Amelia, Virginia | 1 | $ 1,000 | $ 1,000 | $ 148,000 |
| Cumberland, Virginia | 1 | $ 4,000 | $ 4,000 | $ 22,000 |
| Danville, Virginia | 1 | $ 50,000 | $ 50,000 | $ 83,000 |
| Dinwiddie, Virginia | 1 | $ 164,000 | $ 164,000 | $ 80,000 |
| Essex, Virginia | 1 | $ 164,000 | $ 164,000 | $ 185,000 |
| Harrisonburg, Virginia | 1 | $ 25,000 | $ 25,000 | $ 40,000 |
| James City, Virginia | 1 | $ 8,000 | $ 8,000 | $ 40,000 |
| King William, Virginia | 1 | $ 5,000 | $ 5,000 | $ 70,000 |
| Louisa, Virginia | 1 | $ 3,000 | $ 3,000 | $ 35,000 |
| Nelson, Virginia | 1 | $ 6,000 | $ 6,000 | $ 40,000 |
| Newport News, Virginia | 1 | $ 130,000 | $ 130,000 | $ 79,000 |
| Powhatan, Virginia | 1 | $ 125,000 | $ 125,000 | $ 74,000 |
| Prince William, Virginia | 1 | $ 298,000 | $ 298,000 | $ 133,000 |
| Shenandoah, Virginia | 1 | $ 200,000 | $ 200,000 | $ 201,000 |
| York, Virginia | 1 | $ 10,000 | $ 10,000 | $ 31,000 |
Mortgage Loan Application Detail Totals for Partners Financial Federal C U in 2013
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 | $760,000 | $12,000 | $164,000 | $67,000 | $260,000 |
| Refinancing | 40 | $5,912,000 | $147,000 | $309,000 | $104,000 | $326,000 |
| Home Purchase | 2 | $437,000 | $218,000 | $237,000 | $198,000 | $201,000 |
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 | 55 | $4,906,000 | $89,000 | $242,000 | $100,000 | $326,000 |
| Black or African American | 38 | $1,719,000 | $45,000 | $298,000 | $68,000 | $152,000 |
| Not Provided | 7 | $52,000 | $7,000 | $25,000 | $63,000 | $137,000 |
| Asian | 2 | $314,000 | $157,000 | $309,000 | $91,000 | $132,000 |
| Hispanic | 2 | $118,000 | $59,000 | $114,000 | $28,000 | $34,000 |
| 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) | 104 | $7,109,000 | $68,000 | $309,000 | $84,000 | $326,000 |
| 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 | 85 | $5,720,000 | $67,000 | $298,000 | $87,000 | $326,000 |
| Application Denied By Financial Institution | 9 | $504,000 | $56,000 | $309,000 | $69,000 | $152,000 |
| Application Approved But Not Accepted | 6 | $417,000 | $69,000 | $224,000 | $80,000 | $185,000 |
| Application Withdrawn By Applicant | 2 | $313,000 | $156,000 | $298,000 | $84,000 | $133,000 |
| File Closed For Incompleteness | 2 | $155,000 | $77,000 | $130,000 | $59,000 | $79,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 6 | $168,000 | $28,000 | $147,000 | $61,000 | $152,000 |
| Collateral | 2 | $324,000 | $162,000 | $309,000 | $103,000 | $132,000 |
| Debt-To-Income Ratio | 1 | $12,000 | $12,000 | $12,000 | $45,000 | $45,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Partners Financial Federal C U's 2013 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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