Philadelphia Federal Credit Un Mortgage Lending & HMDA Data, 2019
In 2019, Philadelphia Federal Credit Un of Philadelphia, PA reported 1,804 mortgage applications totaling $193.2 million, up 4% from 2018. The average application was for $107,095, and applicants reported an average income of $81,661. 44% of its applications resulted in an originated loan and 51% were denied. Its largest markets were Philadelphia, PA (1,452), Montgomery County-Bucks County-Chester County, PA (134) and Camden, NJ (76) (applications in parentheses).
| Mortgage Company & Address | Philadelphia Federal Credit Un 12800 Townsend Rd Philadelphia, PA 19154 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,804 |
| Total Mortgage Loan Application Amount | $193,200,000 |
| Average Mortgage Loan Application Amount | $107,095 |
| Highest Mortgage Loan Application Amount | $3,675,000 |
| Average Applicant Income | $81,661 |
| Highest Applicant Income | $1,690,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Philadelphia Federal Credit Un filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Philadelphia, Pennsylvania | 1,369 | $ 136,455,000 | $ 99,674 | $ 70,000 |
| Delaware, Pennsylvania | 83 | $ 10,065,000 | $ 121,265 | $ 81,000 |
| Montgomery, Pennsylvania | 82 | $ 12,140,000 | $ 148,048 | $ 158,000 |
| Bucks, Pennsylvania | 51 | $ 7,775,000 | $ 152,450 | $ 133,000 |
| Columbia, Pennsylvania | 45 | $ 2,375,000 | $ 52,777 | $ 62,000 |
| Camden, New Jersey | 41 | $ 4,735,000 | $ 115,487 | $ 94,000 |
| Burlington, New Jersey | 20 | $ 1,970,000 | $ 98,500 | $ 114,000 |
| Cape May, New Jersey | 19 | $ 5,025,000 | $ 264,473 | $ 133,000 |
| New Castle, Delaware | 15 | $ 2,555,000 | $ 170,333 | $ 102,000 |
| Gloucester, New Jersey | 15 | $ 1,185,000 | $ 79,000 | $ 91,000 |
| Luzerne, Pennsylvania | 7 | $ 485,000 | $ 69,285 | $ 59,000 |
| Ocean, New Jersey | 6 | $ 1,230,000 | $ 205,000 | $ 114,000 |
| Kent, Delaware | 4 | $ 910,000 | $ 227,500 | $ 66,000 |
| Sussex, Delaware | 4 | $ 330,000 | $ 82,500 | $ 54,000 |
| Salem, New Jersey | 3 | $ 255,000 | $ 85,000 | $ 65,000 |
| Lackawanna, Pennsylvania | 3 | $ 315,000 | $ 105,000 | $ 55,000 |
| Northumberland, Pennsylvania | 3 | $ 195,000 | $ 65,000 | $ 41,000 |
| Hillsborough, Florida | 2 | $ 280,000 | $ 140,000 | $ 95,000 |
| Prince George's, Maryland | 2 | $ 400,000 | $ 200,000 | $ 216,000 |
| Atlantic, New Jersey | 2 | $ 180,000 | $ 90,000 | $ 37,000 |
| Berks, Pennsylvania | 2 | $ 140,000 | $ 70,000 | $ 59,000 |
| Lycoming, Pennsylvania | 2 | $ 280,000 | $ 140,000 | $ 72,000 |
| Pike, Pennsylvania | 2 | $ 270,000 | $ 135,000 | $ 84,000 |
| Schuylkill, Pennsylvania | 2 | $ 200,000 | $ 100,000 | $ 32,000 |
| San Bernardino, California | 1 | $ 35,000 | $ 35,000 | $ 66,000 |
| Broward, Florida | 1 | $ 75,000 | $ 75,000 | $ 88,000 |
| Duval, Florida | 1 | $ 45,000 | $ 45,000 | $ 16,000 |
| Orange, Florida | 1 | $ 25,000 | $ 25,000 | $ 113,000 |
| Osceola, Florida | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Volusia, Florida | 1 | $ 165,000 | $ 165,000 | $ 78,000 |
| Cook, Illinois | 1 | $ 115,000 | $ 115,000 | $ 50,000 |
| Howard, Maryland | 1 | $ 515,000 | $ 515,000 | $ 243,000 |
| Wicomico, Maryland | 1 | $ 55,000 | $ 55,000 | $ 54,000 |
| Worcester, Maryland | 1 | $ 385,000 | $ 385,000 | $ 308,000 |
| Plymouth, Massachusetts | 1 | $ 405,000 | $ 405,000 | $ 180,000 |
| Cumberland, New Jersey | 1 | $ 45,000 | $ 45,000 | $ 29,000 |
| Somerset, New Jersey | 1 | $ 535,000 | $ 535,000 | $ 145,000 |
| Forsyth, North Carolina | 1 | $ 375,000 | $ 375,000 | $ 89,000 |
| Stark, Ohio | 1 | $ 35,000 | $ 35,000 | $ 62,000 |
| Summit, Ohio | 1 | $ 15,000 | $ 15,000 | $ 25,000 |
| Blair, Pennsylvania | 1 | $ 145,000 | $ 145,000 | $ 44,000 |
| Chester, Pennsylvania | 1 | $ 55,000 | $ 55,000 | $ 150,000 |
| Montour, Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 22,000 |
| Wayne, Pennsylvania | 1 | $ 85,000 | $ 85,000 | $ 37,000 |
Mortgage Loan Application Detail Totals for Philadelphia Federal Credit Un in 2019
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 | 597 | $27,675,000 | $46,000 | $255,000 | $73,000 | $503,000 |
| Refinancing | 516 | $87,750,000 | $170,000 | $1,235,000 | $98,000 | $1,250,000 |
| Home Purchase | 272 | $50,820,000 | $186,000 | $3,675,000 | $82,000 | $1,131,000 |
| Other Purpose | 258 | $10,880,000 | $42,000 | $265,000 | $76,000 | $1,690,000 |
| Cash-out Refinancing | 147 | $12,675,000 | $86,000 | $285,000 | $72,000 | $294,000 |
| Not Applicable | 14 | $3,400,000 | $242,000 | $1,005,000 | $48,000 | $62,000 |
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 |
|---|---|---|---|---|---|---|
| Black or African American | 595 | $37,835,000 | $63,000 | $455,000 | $64,000 | $1,690,000 |
| White | 593 | $64,165,000 | $108,000 | $2,215,000 | $90,000 | $1,250,000 |
| Not applicable | 256 | $53,670,000 | $209,000 | $3,675,000 | $121,000 | $146,000 |
| Not Provided | 170 | $18,260,000 | $107,000 | $785,000 | $90,000 | $900,000 |
| Hispanic | 122 | $9,050,000 | $74,000 | $285,000 | $65,000 | $301,000 |
| Asian | 43 | $6,915,000 | $160,000 | $535,000 | $98,000 | $615,000 |
| American Indian or Alaskan Native | 6 | $380,000 | $63,000 | $115,000 | $78,000 | $140,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $15,000 | $15,000 | $15,000 | $62,000 | $62,000 |
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) | 1,800 | $192,700,000 | $107,000 | $3,675,000 | $80,000 | $1,690,000 |
| FHA-insured (Federal Housing Administration) | 3 | $395,000 | $131,000 | $175,000 | $37,000 | $60,000 |
| VA-guaranteed (Veterans Administration) | 1 | $105,000 | $105,000 | $105,000 | $51,000 | $51,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 924 | $88,400,000 | $95,000 | $2,215,000 | $71,000 | $1,690,000 |
| Loan Originated | 795 | $93,895,000 | $118,000 | $3,675,000 | $90,000 | $1,250,000 |
| Application Withdrawn By Applicant | 61 | $7,505,000 | $123,000 | $485,000 | $93,000 | $1,131,000 |
| Application Approved But Not Accepted | 13 | $2,045,000 | $157,000 | $495,000 | $86,000 | $163,000 |
| File Closed For Incompleteness | 8 | $560,000 | $70,000 | $265,000 | $80,000 | $130,000 |
| Preapproval Denied by Financial Institution | 2 | $340,000 | $170,000 | $245,000 | $21,000 | $42,000 |
| Preapproval Approved but not Accepted | 1 | $455,000 | $455,000 | $455,000 | $202,000 | $202,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Not applicable | 878 | $104,460,000 | $118,000 | $3,675,000 | $90,000 | $1,250,000 |
| Debt-To-Income Ratio | 336 | $26,010,000 | $77,000 | $2,215,000 | $54,000 | $450,000 |
| Credit Application Incomplete | 228 | $29,760,000 | $130,000 | $965,000 | $85,000 | $400,000 |
| Credit History | 138 | $8,960,000 | $64,000 | $305,000 | $79,000 | $1,690,000 |
| Collateral | 114 | $9,240,000 | $81,000 | $445,000 | $84,000 | $503,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 39 | $6,655,000 | $170,000 | $565,000 | $56,000 | $112,000 |
| Other | 35 | $4,665,000 | $133,000 | $405,000 | $97,000 | $259,000 |
| Unverifiable Information | 32 | $3,340,000 | $104,000 | $1,005,000 | $77,000 | $180,000 |
| Employment History | 4 | $110,000 | $27,000 | $35,000 | $39,000 | $60,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Philadelphia Federal Credit Un's 2019 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 Philadelphia Federal Credit Un'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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