Partners Financial Federal C U Mortgage Lending & HMDA Data, 2014
In 2014, Partners Financial Federal C U of Glen Allen, VA reported 78 mortgage applications totaling $6.2 million, down 25% from 2013. The average application was for $79,884, and applicants reported an average income of $83,153. 76% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Richmond, VA (62), Charlotte-Concord-Gastonia, NC-SC (1) and Charlottesville, VA (1) (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 | 78 |
| Total Mortgage Loan Application Amount | $6,231,000 |
| Average Mortgage Loan Application Amount | $79,884 |
| Highest Mortgage Loan Application Amount | $435,000 |
| Average Applicant Income | $83,153 |
| Highest Applicant Income | $208,000 |
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records Partners Financial Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chesterfield, Virginia | 19 | $ 808,000 | $ 42,526 | $ 76,000 |
| Henrico, Virginia | 19 | $ 1,718,000 | $ 90,421 | $ 88,000 |
| Hanover, Virginia | 9 | $ 1,001,000 | $ 111,222 | $ 84,000 |
| Richmond City, Virginia | 6 | $ 468,000 | $ 78,000 | $ 68,000 |
| Cumberland, Virginia | 2 | $ 445,000 | $ 222,500 | $ 87,000 |
| New Kent, Virginia | 2 | $ 241,000 | $ 120,500 | $ 116,000 |
| Powhatan, Virginia | 2 | $ 106,000 | $ 53,000 | $ 58,000 |
| Prince George, Virginia | 2 | $ 108,000 | $ 54,000 | $ 112,000 |
| Kent, Delaware | 1 | $ 10,000 | $ 10,000 | $ 35,000 |
| Kent, Maryland | 1 | $ 3,000 | $ 3,000 | $ 66,000 |
| Wicomico, Maryland | 1 | $ 1,000 | $ 1,000 | $ 42,000 |
| Martin, North Carolina | 1 | $ 2,000 | $ 2,000 | $ 34,000 |
| Mecklenburg, North Carolina | 1 | $ 282,000 | $ 282,000 | $ 170,000 |
| Bexar, Texas | 1 | $ 5,000 | $ 5,000 | $ 22,000 |
| Albemarle, Virginia | 1 | $ 15,000 | $ 15,000 | $ 97,000 |
| Amelia, Virginia | 1 | $ 110,000 | $ 110,000 | $ 64,000 |
| Augusta, Virginia | 1 | $ 2,000 | $ 2,000 | $ 100,000 |
| Botetourt, Virginia | 1 | $ 9,000 | $ 9,000 | $ 88,000 |
| Dinwiddie, Virginia | 1 | $ 136,000 | $ 136,000 | $ 65,000 |
| King William, Virginia | 1 | $ 192,000 | $ 192,000 | $ 58,000 |
| Louisa, Virginia | 1 | $ 162,000 | $ 162,000 | $ 57,000 |
| Newport News, Virginia | 1 | $ 144,000 | $ 144,000 | $ 112,000 |
| Northumberland, Virginia | 1 | $ 95,000 | $ 95,000 | $ 200,000 |
| Nottoway, Virginia | 1 | $ 8,000 | $ 8,000 | $ 103,000 |
| Stafford, Virginia | 1 | $ 160,000 | $ 160,000 | $ 160,000 |
Mortgage Loan Application Detail Totals for Partners Financial Federal C U in 2014
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 | 44 | $416,000 | $9,000 | $121,000 | $68,000 | $190,000 |
| Refinancing | 20 | $3,143,000 | $157,000 | $435,000 | $97,000 | $208,000 |
| Home Purchase | 14 | $2,672,000 | $190,000 | $368,000 | $111,000 | $168,000 |
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 | 41 | $4,683,000 | $114,000 | $435,000 | $95,000 | $208,000 |
| Black or African American | 21 | $1,279,000 | $60,000 | $234,000 | $69,000 | $168,000 |
| Not Provided | 14 | $88,000 | $6,000 | $20,000 | $67,000 | $138,000 |
| American Indian or Alaskan Native | 1 | $1,000 | $1,000 | $1,000 | $42,000 | $42,000 |
| Hispanic | 1 | $180,000 | $180,000 | $180,000 | $144,000 | $144,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 78 | $6,231,000 | $79,000 | $435,000 | $83,000 | $208,000 |
| 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 | 59 | $4,910,000 | $83,000 | $368,000 | $88,000 | $208,000 |
| Application Denied By Financial Institution | 12 | $645,000 | $53,000 | $435,000 | $60,000 | $100,000 |
| Application Withdrawn By Applicant | 4 | $263,000 | $65,000 | $228,000 | $66,000 | $147,000 |
| File Closed For Incompleteness | 3 | $413,000 | $137,000 | $228,000 | $90,000 | $150,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 9 | $616,000 | $68,000 | $435,000 | $55,000 | $97,000 |
| Credit History | 3 | $29,000 | $9,000 | $25,000 | $76,000 | $100,000 |
| 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 |
| 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 2014 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About