South Texas Federal Credit Union Mortgage Lending & HMDA Data, 2019
In 2019, South Texas Federal Credit Union of McAllen, TX reported 28 mortgage applications totaling $3.4 million. The average application was for $121,428, and applicants reported an average income of $86,821. 14% of its applications resulted in an originated loan and 61% were denied. Its largest markets were McAllen-Edinburg-Mission, TX (25) and Brownsville-Harlingen, TX (1).
| Mortgage Company & Address | South Texas Federal Credit Union 2121 W Dove Ave McAllen, TX 78504 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 |
| Total Number of Mortgage Applications | 28 |
| Total Mortgage Loan Application Amount | $3,400,000 |
| Average Mortgage Loan Application Amount | $121,428 |
| Highest Mortgage Loan Application Amount | $465,000 |
| Average Applicant Income | $86,821 |
| Highest Applicant Income | $209,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records South Texas Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Hidalgo, Texas | 25 | $ 2,845,000 | $ 113,800 | $ 87,000 |
| Cameron, Texas | 1 | $ 455,000 | $ 455,000 | $ 27,000 |
| Starr, Texas | 1 | $ 75,000 | $ 75,000 | $ 96,000 |
| Willacy, Texas | 1 | $ 25,000 | $ 25,000 | $ 125,000 |
Mortgage Loan Application Detail Totals for South Texas Federal Credit Union 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 Purchase | 10 | $1,080,000 | $108,000 | $165,000 | $82,000 | $125,000 |
| Cash-out Refinancing | 9 | $1,225,000 | $136,000 | $455,000 | $96,000 | $209,000 |
| Refinancing | 9 | $1,095,000 | $121,000 | $465,000 | $83,000 | $193,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 19 | $2,065,000 | $108,000 | $455,000 | $78,000 | $195,000 |
| White | 5 | $925,000 | $185,000 | $465,000 | $111,000 | $193,000 |
| Not Provided | 3 | $245,000 | $81,000 | $125,000 | $98,000 | $209,000 |
| 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 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 28 | $3,400,000 | $121,000 | $465,000 | $87,000 | $209,000 |
| 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 | 17 | $1,865,000 | $109,000 | $455,000 | $84,000 | $209,000 |
| Application Withdrawn By Applicant | 4 | $470,000 | $117,000 | $135,000 | $100,000 | $195,000 |
| Loan Originated | 4 | $420,000 | $105,000 | $145,000 | $86,000 | $122,000 |
| File Closed For Incompleteness | 3 | $645,000 | $215,000 | $465,000 | $86,000 | $96,000 |
| Application Approved But Not Accepted | 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 | 11 | $1,275,000 | $115,000 | $455,000 | $70,000 | $209,000 |
| Not applicable | 11 | $1,535,000 | $139,000 | $465,000 | $91,000 | $195,000 |
| Other | 4 | $370,000 | $92,000 | $165,000 | $104,000 | $125,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $65,000 | $65,000 | $65,000 | $53,000 | $53,000 |
| Credit Application Incomplete | 1 | $155,000 | $155,000 | $155,000 | $193,000 | $193,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $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 South Texas Federal Credit Union'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 South Texas 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 Texas, download the full spreadsheet
with aggregated HMDA statistics today.
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