Security First Federal Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, Security First Federal Credit Union of Edinburg, TX reported 147 mortgage applications totaling $20.6 million, up 43% from 2023. The average application was for $140,374, and applicants reported an average income of $370,292. 37% of its applications resulted in an originated loan and 63% were denied. Its largest markets were McAllen-Edinburg-Mission, TX (106) and Brownsville-Harlingen, TX (31).
| Mortgage Company & Address | Security First Federal Credit Union 3515 S. Jackson Rd Edinburg, TX 78539 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 |
| Total Number of Mortgage Applications | 147 |
| Total Mortgage Loan Application Amount | $20,635,000 |
| Average Mortgage Loan Application Amount | $140,374 |
| Highest Mortgage Loan Application Amount | $455,000 |
| Average Applicant Income | $370,292 |
| Highest Applicant Income | $6,916,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Security First Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Security First Federal Credit Union in 2024
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 99 | $12,615,000 | $127,000 | $455,000 | $490,000 | $6,916,000 |
| Home Purchase | 31 | $5,335,000 | $172,000 | $375,000 | $145,000 | $415,000 |
| Refinancing | 17 | $2,685,000 | $157,000 | $365,000 | $84,000 | $150,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 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 |
|---|---|---|---|---|---|---|
| Hispanic | 121 | $16,805,000 | $138,000 | $455,000 | $240,000 | $6,916,000 |
| White | 14 | $2,250,000 | $160,000 | $325,000 | $1,141,000 | $6,627,000 |
| Not Provided | 8 | $970,000 | $121,000 | $235,000 | $81,000 | $138,000 |
| Asian | 1 | $185,000 | $185,000 | $185,000 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 147 | $20,635,000 | $140,000 | $455,000 | $373,000 | $6,916,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 92 | $11,800,000 | $128,000 | $455,000 | $453,000 | $6,916,000 |
| Loan Originated | 55 | $8,835,000 | $160,000 | $385,000 | $259,000 | $6,627,000 |
| 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 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 55 | $8,835,000 | $160,000 | $385,000 | $259,000 | $6,627,000 |
| Credit History | 42 | $4,330,000 | $103,000 | $265,000 | $207,000 | $4,000,000 |
| Debt-To-Income Ratio | 42 | $6,490,000 | $154,000 | $455,000 | $677,000 | $6,916,000 |
| Employment History | 2 | $290,000 | $145,000 | $235,000 | $37,000 | $37,000 |
| Collateral | 2 | $440,000 | $220,000 | $255,000 | $94,000 | $120,000 |
| Credit Application Incomplete | 2 | $150,000 | $75,000 | $85,000 | $178,000 | $178,000 |
| Other | 1 | $45,000 | $45,000 | $45,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $55,000 | $55,000 | $55,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Security First Federal Credit Union's 2024 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 Security First 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.
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