Qualtrust Credit Union Mortgage Lending & HMDA Data, 2008
In 2008, Qualtrust Credit Union of Irving, TX reported 185 mortgage applications totaling $9.5 million. The average application was for $51,248, and applicants reported an average income of $72,718. 80% of its applications resulted in an originated loan and 16% were denied. Its largest markets were San Angelo, TX (61), Dallas-Plano-Irving, TX (55) and Fort Worth-Arlington, TX (35) (applications in parentheses).
| Mortgage Company & Address | Qualtrust Credit Union 6201 E Campus Circle Dr Irving, TX 75063 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 185 |
| Total Mortgage Loan Application Amount | $9,481,000 |
| Average Mortgage Loan Application Amount | $51,248 |
| Highest Mortgage Loan Application Amount | $353,000 |
| Average Applicant Income | $72,718 |
| Highest Applicant Income | $199,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Qualtrust Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Tom Green, Texas | 60 | $ 2,406,000 | $ 40,100 | $ 59,000 |
| Dallas, Texas | 32 | $ 1,399,000 | $ 43,718 | $ 73,000 |
| Tarrant, Texas | 31 | $ 2,000,000 | $ 64,516 | $ 89,000 |
| Denton, Texas | 19 | $ 1,577,000 | $ 83,000 | $ 83,000 |
| Harris, Texas | 5 | $ 181,000 | $ 36,200 | $ 81,000 |
| Collin, Texas | 3 | $ 99,000 | $ 33,000 | $ 121,000 |
| Parker, Texas | 3 | $ 448,000 | $ 149,333 | $ 104,000 |
| Terry, Texas | 3 | $ 202,000 | $ 67,333 | $ 89,000 |
| Grayson, Texas | 2 | $ 120,000 | $ 60,000 | $ 72,000 |
| Hood, Texas | 2 | $ 15,000 | $ 7,500 | $ 83,000 |
| Runnels, Texas | 2 | $ 74,000 | $ 37,000 | $ 33,000 |
| Smith, Texas | 2 | $ 130,000 | $ 65,000 | $ 31,000 |
| Denver, Colorado | 1 | $ 5,000 | $ 5,000 | $ 34,000 |
| Hillsborough, Florida | 1 | $ 67,000 | $ 67,000 | $ 50,000 |
| Lake, Indiana | 1 | $ 3,000 | $ 3,000 | $ 34,000 |
| Bastrop, Texas | 1 | $ 5,000 | $ 5,000 | $ 78,000 |
| Baylor, Texas | 1 | $ 8,000 | $ 8,000 | $ 44,000 |
| Brazos, Texas | 1 | $ 5,000 | $ 5,000 | $ 54,000 |
| Chambers, Texas | 1 | $ 10,000 | $ 10,000 | $ 44,000 |
| Cherokee, Texas | 1 | $ 2,000 | $ 2,000 | $ 80,000 |
| Fayette, Texas | 1 | $ 80,000 | $ 80,000 | $ 67,000 |
| Gregg, Texas | 1 | $ 49,000 | $ 49,000 | $ 63,000 |
| Henderson, Texas | 1 | $ 4,000 | $ 4,000 | $ 133,000 |
| Hidalgo, Texas | 1 | $ 70,000 | $ 70,000 | $ 65,000 |
| Irion, Texas | 1 | $ 151,000 | $ 151,000 | $ 74,000 |
| Jones, Texas | 1 | $ 15,000 | $ 15,000 | $ 157,000 |
| Navarro, Texas | 1 | $ 10,000 | $ 10,000 | $ 34,000 |
| Parmer, Texas | 1 | $ 3,000 | $ 3,000 | $ 57,000 |
| Rockwall, Texas | 1 | $ 4,000 | $ 4,000 | $ 60,000 |
| San Patricio, Texas | 1 | $ 50,000 | $ 50,000 | $ 73,000 |
| Van Zandt, Texas | 1 | $ 10,000 | $ 10,000 | $ 68,000 |
| Wilson, Texas | 1 | $ 107,000 | $ 107,000 | $ 107,000 |
| Wise, Texas | 1 | $ 172,000 | $ 172,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for Qualtrust Credit Union in 2008
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 | 114 | $1,713,000 | $15,000 | $83,000 | $69,000 | $196,000 |
| Refinancing | 41 | $4,015,000 | $97,000 | $242,000 | $77,000 | $199,000 |
| Home Purchase | 30 | $3,753,000 | $125,000 | $353,000 | $81,000 | $177,000 |
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 | 117 | $6,129,000 | $52,000 | $353,000 | $80,000 | $199,000 |
| Hispanic | 50 | $2,323,000 | $46,000 | $212,000 | $59,000 | $143,000 |
| Black or African American | 11 | $188,000 | $17,000 | $75,000 | $60,000 | $92,000 |
| Not Provided | 4 | $556,000 | $139,000 | $196,000 | $69,000 | $101,000 |
| Asian | 2 | $136,000 | $68,000 | $111,000 | $66,000 | $72,000 |
| American Indian or Alaskan Native | 1 | $149,000 | $149,000 | $149,000 | $117,000 | $117,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 175 | $8,123,000 | $46,000 | $353,000 | $73,000 | $199,000 |
| FHA-insured (Federal Housing Administration) | 10 | $1,358,000 | $135,000 | $192,000 | $73,000 | $112,000 |
| 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 | 148 | $8,165,000 | $55,000 | $353,000 | $77,000 | $199,000 |
| Application Denied By Financial Institution | 30 | $1,150,000 | $38,000 | $242,000 | $56,000 | $111,000 |
| Application Approved But Not Accepted | 6 | $141,000 | $23,000 | $60,000 | $56,000 | $86,000 |
| File Closed For Incompleteness | 1 | $25,000 | $25,000 | $25,000 | $85,000 | $85,000 |
| Application Withdrawn By Applicant | 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 | 17 | $602,000 | $35,000 | $108,000 | $49,000 | $107,000 |
| Debt-To-Income Ratio | 3 | $32,000 | $10,000 | $15,000 | $41,000 | $79,000 |
| Collateral | 2 | $139,000 | $69,000 | $76,000 | $83,000 | $94,000 |
| Other | 2 | $272,000 | $136,000 | $242,000 | $99,000 | $109,000 |
| Mortgage Insurance Denied | 1 | $10,000 | $10,000 | $10,000 | $49,000 | $49,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Qualtrust Credit Union's 2008 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 Qualtrust 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.
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