Red Canoe Credit Union Mortgage Lending & HMDA Data, 2017

In 2017, Red Canoe Credit Union of Longview, WA reported 760 mortgage applications totaling $116.6 million, down 19% from 2016. The average application was for $153,401, and applicants reported an average income of $77,836. 58% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Longview, WA (431), Portland-Vancouver-Hillsboro, OR-WA (59) and Tacoma-Lakewood, WA (48) (applications in parentheses).

Mortgage Company & Address Red Canoe Credit Union
1418 15th Ave
Longview, WA 98632
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 760
Total Mortgage Loan Application Amount $116,585,000
Average Mortgage Loan Application Amount $153,401
Highest Mortgage Loan Application Amount $10,000,000
Average Applicant Income $77,836
Highest Applicant Income $597,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Red Canoe Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Red Canoe Credit Union by County in 2017

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cowlitz, Washington 431 $ 55,006,000 $ 127,624 $ 76,000
Pierce, Washington 48 $ 7,173,000 $ 149,437 $ 86,000
Linn, Oregon 31 $ 3,524,000 $ 113,677 $ 58,000
Clark, Washington 27 $ 4,394,000 $ 162,740 $ 101,000
King, Washington 27 $ 4,073,000 $ 150,851 $ 73,000
Lewis, Washington 25 $ 2,757,000 $ 110,280 $ 88,000
Columbia, Oregon 18 $ 2,839,000 $ 157,722 $ 77,000
Washington, Oregon 6 $ 655,000 $ 109,166 $ 102,000
Marion, Oregon 5 $ 10,668,000 $ 2,133,600 $ 29,000
Kitsap, Washington 5 $ 776,000 $ 155,200 $ 348,000
Pacific, Washington 5 $ 342,000 $ 68,400 $ 85,000
Wahkiakum, Washington 5 $ 529,000 $ 105,800 $ 55,000
Spokane, Washington 4 $ 505,000 $ 126,250 $ 65,000
Clackamas, Oregon 3 $ 760,000 $ 253,333 $ 155,000
Skamania, Washington 3 $ 571,000 $ 190,333 $ 59,000
Thurston, Washington 3 $ 432,000 $ 144,000 $ 32,000
Clatsop, Oregon 2 $ 652,000 $ 326,000 $ 44,000
Multnomah, Oregon 2 $ 283,000 $ 141,500 $ 81,000
Asotin, Washington 2 $ 227,000 $ 113,500 $ 36,000
Skagit, Washington 2 $ 327,000 $ 163,500 $ 86,000
Snohomish, Washington 2 $ 589,000 $ 294,500 $ 82,000
Gwinnett, Georgia 1 $ 168,000 $ 168,000 $ 140,000
Benton, Oregon 1 $ 288,000 $ 288,000 $ 73,000
Deschutes, Oregon 1 $ 299,000 $ 299,000 $ 82,000
Klamath, Oregon 1 $ 180,000 $ 180,000 $ 8,000
Lane, Oregon 1 $ 25,000 $ 25,000 $ 23,000
Lincoln, Oregon 1 $ 120,000 $ 120,000 $ 112,000
Benton, Washington 1 $ 180,000 $ 180,000 $ 47,000
Kittitas, Washington 1 $ 248,000 $ 248,000 $ 53,000
Klickitat, Washington 1 $ 45,000 $ 45,000 $ 47,000
Stevens, Washington 1 $ 65,000 $ 65,000 $ 45,000
Yakima, Washington 1 $ 230,000 $ 230,000 $ 121,000

Mortgage Loan Application Detail Totals for Red Canoe Credit Union in 2017

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
Refinancing 407 $53,544,000 $131,000 $424,000 $79,000 $432,000
Home Purchase 221 $50,478,000 $228,000 $10,000,000 $75,000 $395,000
Home Improvement 132 $12,563,000 $95,000 $358,000 $79,000 $597,000

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 561 $78,373,000 $139,000 $424,000 $80,000 $597,000
Not Provided 123 $16,774,000 $136,000 $531,000 $69,000 $327,000
Hispanic 24 $2,785,000 $116,000 $315,000 $73,000 $176,000
Asian 15 $3,274,000 $218,000 $417,000 $120,000 $263,000
American Indian or Alaskan Native 13 $1,925,000 $148,000 $400,000 $79,000 $121,000
Not applicable 13 $12,183,000 $937,000 $10,000,000 $0 $0
Black or African American 8 $834,000 $104,000 $282,000 $90,000 $193,000
Native Hawaiian or Other Pacific Islander 3 $437,000 $145,000 $340,000 $96,000 $127,000

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) 760 $116,585,000 $153,000 $10,000,000 $78,000 $597,000
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 439 $69,656,000 $158,000 $10,000,000 $86,000 $597,000
Application Withdrawn By Applicant 80 $11,565,000 $144,000 $420,000 $68,000 $355,000
Application Approved But Not Accepted 66 $10,253,000 $155,000 $424,000 $80,000 $194,000
File Closed For Incompleteness 60 $7,218,000 $120,000 $320,000 $56,000 $201,000
Application Denied By Financial Institution 55 $5,870,000 $106,000 $340,000 $59,000 $160,000
Preapproval Approved but not Accepted 49 $10,035,000 $204,000 $531,000 $74,000 $189,000
Preapproval Denied by Financial Institution 11 $1,988,000 $180,000 $403,000 $40,000 $118,000
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
Credit History 21 $2,206,000 $105,000 $315,000 $49,000 $129,000
Other 15 $1,943,000 $129,000 $320,000 $72,000 $140,000
Debt-To-Income Ratio 13 $1,261,000 $97,000 $216,000 $36,000 $84,000
Collateral 8 $888,000 $111,000 $340,000 $77,000 $160,000
Employment History 5 $879,000 $175,000 $403,000 $47,000 $103,000
Insufficient Cash (Downpayment, Closing Cost) 1 $143,000 $143,000 $143,000 $55,000 $55,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Red Canoe Credit Union's 2017 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 Red Canoe 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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