Partners Financial Federal C U Mortgage Lending & HMDA Data, 2015
In 2015, Partners Financial Federal C U of Glen Allen, VA reported 79 mortgage applications totaling $5.2 million, up 1% from 2014. The average application was for $65,911, and applicants reported an average income of $69,506. 82% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Richmond, VA (66), Charlotte-Concord-Gastonia, NC-SC (3) 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 | 79 |
| Total Mortgage Loan Application Amount | $5,207,000 |
| Average Mortgage Loan Application Amount | $65,911 |
| Highest Mortgage Loan Application Amount | $378,000 |
| Average Applicant Income | $69,506 |
| Highest Applicant Income | $187,000 |
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records Partners Financial Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Richmond, VA | 66 | $ 4,428,000 | $ 67,090 | $ 69,000 |
| Charlotte-Concord-Gastonia, NC-SC | 3 | $ 266,000 | $ 88,666 | $ 52,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 164,000 | $ 82,000 | $ 61,000 |
| California-Lexington Park, MD | 1 | $ 80,000 | $ 80,000 | $ 66,000 |
| Greenville, NC | 1 | $ 85,000 | $ 85,000 | $ 173,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 160,000 | $ 160,000 | $ 65,000 |
| Lynchburg, VA | 1 | $ 7,000 | $ 7,000 | $ 97,000 |
| Roanoke, VA | 1 | $ 3,000 | $ 3,000 | $ 53,000 |
| Sumter, SC | 1 | $ 3,000 | $ 3,000 | $ 88,000 |
Mortgage Loan Application Detail Totals for Partners Financial Federal C U in 2015
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 | 47 | $604,000 | $12,000 | $169,000 | $61,000 | $136,000 |
| Refinancing | 28 | $3,777,000 | $134,000 | $282,000 | $82,000 | $187,000 |
| Home Purchase | 4 | $826,000 | $206,000 | $378,000 | $82,000 | $137,000 |
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 | 43 | $3,665,000 | $85,000 | $378,000 | $77,000 | $187,000 |
| Black or African American | 23 | $1,462,000 | $63,000 | $240,000 | $67,000 | $115,000 |
| Not Provided | 11 | $64,000 | $5,000 | $10,000 | $54,000 | $114,000 |
| Asian | 1 | $8,000 | $8,000 | $8,000 | $62,000 | $62,000 |
| Hispanic | 1 | $8,000 | $8,000 | $8,000 | $16,000 | $16,000 |
| 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) | 79 | $5,207,000 | $65,000 | $378,000 | $70,000 | $187,000 |
| 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 | 65 | $3,605,000 | $55,000 | $378,000 | $72,000 | $187,000 |
| Application Withdrawn By Applicant | 8 | $1,019,000 | $127,000 | $250,000 | $60,000 | $110,000 |
| Application Denied By Financial Institution | 4 | $264,000 | $66,000 | $130,000 | $47,000 | $93,000 |
| File Closed For Incompleteness | 2 | $319,000 | $159,000 | $169,000 | $70,000 | $91,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 2 | $132,000 | $66,000 | $130,000 | $62,000 | $93,000 |
| Debt-To-Income Ratio | 2 | $132,000 | $66,000 | $128,000 | $32,000 | $40,000 |
| 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 |
| Collateral | 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 2015 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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