Providence Federal Credit Union Mortgage Lending & HMDA Data, 2023
In 2023, Providence Federal Credit Union of Milwaukie, OR reported 224 mortgage applications totaling $21.4 million. The average application was for $95,669, and applicants reported an average income of $135,915. 56% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Portland-Vancouver-Hillsboro, OR-WA (130), Anaheim-Santa Ana-Irvine, CA (10) and Seattle-Bellevue-Everett, WA (10) (applications in parentheses).
| Mortgage Company & Address | Providence Federal Credit Union 6400 Se Lake Rd #125 Milwaukie, OR 97222 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 |
| Total Number of Mortgage Applications | 224 |
| Total Mortgage Loan Application Amount | $21,430,000 |
| Average Mortgage Loan Application Amount | $95,669 |
| Highest Mortgage Loan Application Amount | $705,000 |
| Average Applicant Income | $135,915 |
| Highest Applicant Income | $598,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Providence Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Washington, Oregon | 44 | $ 4,650,000 | $ 105,681 | $ 136,000 |
| Multnomah, Oregon | 35 | $ 2,815,000 | $ 80,428 | $ 150,000 |
| Clackamas, Oregon | 30 | $ 2,750,000 | $ 91,666 | $ 155,000 |
| Orange, California | 10 | $ 1,820,000 | $ 182,000 | $ 153,000 |
| Clark, Washington | 10 | $ 1,330,000 | $ 133,000 | $ 147,000 |
| Los Angeles, California | 8 | $ 640,000 | $ 80,000 | $ 156,000 |
| Riverside, California | 8 | $ 790,000 | $ 98,750 | $ 130,000 |
| King, Washington | 8 | $ 1,100,000 | $ 137,500 | $ 151,000 |
| Yamhill, Oregon | 7 | $ 515,000 | $ 73,571 | $ 105,000 |
| Lewis, Washington | 7 | $ 395,000 | $ 56,428 | $ 113,000 |
| Marion, Oregon | 5 | $ 585,000 | $ 117,000 | $ 86,000 |
| Columbia, Oregon | 4 | $ 200,000 | $ 50,000 | $ 146,000 |
| Lane, Oregon | 4 | $ 150,000 | $ 37,500 | $ 108,000 |
| San Diego, California | 3 | $ 315,000 | $ 105,000 | $ 120,000 |
| Pierce, Washington | 3 | $ 125,000 | $ 41,666 | $ 93,000 |
| Kern, California | 2 | $ 310,000 | $ 155,000 | $ 48,000 |
| Stanislaus, California | 2 | $ 150,000 | $ 75,000 | $ 52,000 |
| Tuolumne, California | 2 | $ 100,000 | $ 50,000 | $ 109,000 |
| Crook, Oregon | 2 | $ 290,000 | $ 145,000 | $ 75,000 |
| Jackson, Oregon | 2 | $ 210,000 | $ 105,000 | $ 139,000 |
| Josephine, Oregon | 2 | $ 260,000 | $ 130,000 | $ 126,000 |
| Snohomish, Washington | 2 | $ 110,000 | $ 55,000 | $ 191,000 |
| Spokane, Washington | 2 | $ 80,000 | $ 40,000 | $ 67,000 |
| Thurston, Washington | 2 | $ 50,000 | $ 25,000 | $ 96,000 |
| Whatcom, Washington | 2 | $ 520,000 | $ 260,000 | $ 171,000 |
| Mariposa, California | 1 | $ 25,000 | $ 25,000 | $ 36,000 |
| Merced, California | 1 | $ 35,000 | $ 35,000 | $ 115,000 |
| Napa, California | 1 | $ 55,000 | $ 55,000 | $ 180,000 |
| Santa Barbara, California | 1 | $ 75,000 | $ 75,000 | $ 74,000 |
| Santa Clara, California | 1 | $ 205,000 | $ 205,000 | $ 129,000 |
| Arapahoe, Colorado | 1 | $ 25,000 | $ 25,000 | $ 170,000 |
| Dawson, Montana | 1 | $ 55,000 | $ 55,000 | $ 68,000 |
| Flathead, Montana | 1 | $ 15,000 | $ 15,000 | $ 150,000 |
| Missoula, Montana | 1 | $ 35,000 | $ 35,000 | $ 72,000 |
| Clark, Nevada | 1 | $ 105,000 | $ 105,000 | $ 240,000 |
| Clatsop, Oregon | 1 | $ 105,000 | $ 105,000 | $ 211,000 |
| Malheur, Oregon | 1 | $ 25,000 | $ 25,000 | $ 64,000 |
| Polk, Oregon | 1 | $ 75,000 | $ 75,000 | $ 259,000 |
| Tillamook, Oregon | 1 | $ 125,000 | $ 125,000 | $ 49,000 |
| Wasco, Oregon | 1 | $ 45,000 | $ 45,000 | $ 132,000 |
| Benton, Washington | 1 | $ 115,000 | $ 115,000 | $ 75,000 |
| Grays Harbor, Washington | 1 | $ 15,000 | $ 15,000 | $ 103,000 |
| Skagit, Washington | 1 | $ 35,000 | $ 35,000 | $ 189,000 |
Mortgage Loan Application Detail Totals for Providence Federal Credit Union in 2023
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 | 102 | $8,120,000 | $79,000 | $305,000 | $141,000 | $598,000 |
| Other Purpose | 98 | $8,410,000 | $85,000 | $305,000 | $129,000 | $344,000 |
| Refinancing | 13 | $1,675,000 | $128,000 | $295,000 | $159,000 | $334,000 |
| Home Purchase | 9 | $2,765,000 | $307,000 | $705,000 | $126,000 | $331,000 |
| Cash-out Refinancing | 2 | $460,000 | $230,000 | $355,000 | $110,000 | $168,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 127 | $11,345,000 | $89,000 | $505,000 | $134,000 | $598,000 |
| Not Provided | 38 | $3,120,000 | $82,000 | $305,000 | $136,000 | $398,000 |
| Hispanic | 33 | $3,055,000 | $92,000 | $305,000 | $147,000 | $296,000 |
| Asian | 13 | $1,945,000 | $149,000 | $355,000 | $139,000 | $331,000 |
| Black or African American | 6 | $1,160,000 | $193,000 | $705,000 | $129,000 | $230,000 |
| American Indian or Alaskan Native | 2 | $80,000 | $40,000 | $55,000 | $61,000 | $96,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $95,000 | $95,000 | $95,000 | $139,000 | $139,000 |
| 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) | 224 | $21,430,000 | $95,000 | $705,000 | $136,000 | $598,000 |
| 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 | 126 | $11,600,000 | $92,000 | $305,000 | $147,000 | $598,000 |
| Application Withdrawn By Applicant | 53 | $5,755,000 | $108,000 | $505,000 | $128,000 | $334,000 |
| Application Denied By Financial Institution | 45 | $4,075,000 | $90,000 | $705,000 | $114,000 | $295,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 224 | $21,430,000 | $95,000 | $705,000 | $136,000 | $598,000 |
| 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 |
| Not applicable | 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Providence Federal Credit Union's 2023 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 Providence Federal Credit Union'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 Oregon, download the full spreadsheet
with aggregated HMDA statistics today.
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