Space Coast Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, Space Coast Credit Union of Melbourne, FL reported 11,669 mortgage applications totaling $1.8 billion, down 9% from 2023. The average application was for $155,359, and applicants reported an average income of $147,521. 46% of its applications resulted in an originated loan and 33% were denied. Its largest markets were Palm Bay-Melbourne-Titusville, FL (2,903), Miami-Miami Beach-Kendall, FL (2,434) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (2,323) (applications in parentheses).
| Mortgage Company & Address | Space Coast Credit Union 8045 N. Wickham Rd Melbourne, FL 32940 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 11,669 |
| Total Mortgage Loan Application Amount | $1,812,885,000 |
| Average Mortgage Loan Application Amount | $155,359 |
| Highest Mortgage Loan Application Amount | $4,505,000 |
| Average Applicant Income | $147,521 |
| Highest Applicant Income | $6,600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Space Coast Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Palm Bay-Melbourne-Titusville, FL | 2,903 | $ 482,745,000 | $ 166,291 | $ 139,000 |
| Miami-Miami Beach-Kendall, FL | 2,434 | $ 386,050,000 | $ 158,607 | $ 165,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2,323 | $ 329,945,000 | $ 142,034 | $ 144,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1,350 | $ 152,640,000 | $ 113,066 | $ 123,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 652 | $ 118,890,000 | $ 182,346 | $ 178,000 |
| Orlando-Kissimmee-Sanford, FL | 545 | $ 101,005,000 | $ 185,330 | $ 167,000 |
| Sebastian-Vero Beach, FL | 427 | $ 52,625,000 | $ 123,243 | $ 119,000 |
| Port St. Lucie, FL | 282 | $ 39,460,000 | $ 139,929 | $ 133,000 |
| Jacksonville, FL | 113 | $ 26,485,000 | $ 234,380 | $ 163,000 |
| Tampa, FL | 102 | $ 19,980,000 | $ 195,882 | $ 181,000 |
| Cape Coral-Fort Myers, FL | 93 | $ 18,555,000 | $ 199,516 | $ 135,000 |
| Naples-Immokalee-Marco Island, FL | 72 | $ 19,370,000 | $ 269,027 | $ 187,000 |
| Outside any metro area | 65 | $ 15,485,000 | $ 238,230 | $ 141,230 |
| Lakeland-Winter Haven, FL | 54 | $ 7,030,000 | $ 130,185 | $ 146,000 |
| St. Petersburg-Clearwater-Largo, FL | 41 | $ 8,845,000 | $ 215,731 | $ 178,000 |
| Ocala, FL | 39 | $ 5,545,000 | $ 142,179 | $ 131,000 |
| North Port-Sarasota-Bradenton, FL | 33 | $ 4,815,000 | $ 145,909 | $ 162,000 |
| Punta Gorda, FL | 25 | $ 7,385,000 | $ 295,400 | $ 152,000 |
| Sebring, FL | 20 | $ 2,300,000 | $ 115,000 | $ 102,000 |
| Gainesville, FL | 17 | $ 2,665,000 | $ 156,764 | $ 177,000 |
| Homosassa Springs, FL | 9 | $ 685,000 | $ 76,111 | $ 90,000 |
| Tallahassee, FL | 8 | $ 960,000 | $ 120,000 | $ 107,000 |
| Pensacola-Ferry Pass-Brent, FL | 7 | $ 1,695,000 | $ 242,142 | $ 233,000 |
| Wildwood-The Villages, FL | 7 | $ 825,000 | $ 117,857 | $ 79,000 |
| Panama City, FL | 6 | $ 910,000 | $ 151,666 | $ 471,000 |
| Crestview-Fort Walton Beach-Destin, FL | 5 | $ 1,745,000 | $ 349,000 | $ 139,000 |
| Charlotte-Concord-Gastonia, NC-SC | 3 | $ 305,000 | $ 101,666 | $ 104,000 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 70,000 | $ 35,000 | $ 73,000 |
| Baltimore-Columbia-Towson, MD | 2 | $ 400,000 | $ 200,000 | $ 276,000 |
| Chicago-Naperville, IL | 2 | $ 160,000 | $ 80,000 | $ 406,000 |
| Dallas-Plano-Irving, TX | 2 | $ 170,000 | $ 85,000 | $ 96,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 320,000 | $ 160,000 | $ 249,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 340,000 | $ 170,000 | $ 111,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 310,000 | $ 155,000 | $ 201,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 215,000 | $ 215,000 | $ 138,000 |
| Asheville, NC | 1 | $ 155,000 | $ 155,000 | $ 224,000 |
| Austin-Round Rock, TX | 1 | $ 55,000 | $ 55,000 | $ 157,000 |
| Birmingham-Hoover, AL | 1 | $ 225,000 | $ 225,000 | $ 120,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 35,000 | $ 35,000 | $ 80,000 |
| Burlington-South Burlington, VT | 1 | $ 25,000 | $ 25,000 | $ 64,000 |
| Fort Worth-Arlington, TX | 1 | $ 35,000 | $ 35,000 | $ 65,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 255,000 | $ 255,000 | $ 218,000 |
| Lakewood-New Brunswick, NJ | 1 | $ 65,000 | $ 65,000 | $ 180,000 |
| Lancaster, PA | 1 | $ 255,000 | $ 255,000 | $ 141,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 25,000 | $ 25,000 | $ 52,000 |
| Nassau County-Suffolk County, NY | 1 | $ 155,000 | $ 155,000 | $ 504,000 |
| Ogden-Clearfield, UT | 1 | $ 95,000 | $ 95,000 | $ 135,000 |
| Oklahoma City, OK | 1 | $ 15,000 | $ 15,000 | $ 58,000 |
| Peoria, IL | 1 | $ 65,000 | $ 65,000 | $ 58,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 65,000 | $ 65,000 | $ 103,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 55,000 | $ 55,000 | $ 85,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 55,000 | $ 55,000 | $ 127,000 |
| Washington, DC-MD | 1 | $ 105,000 | $ 105,000 | $ 240,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 215,000 | $ 215,000 | $ 24,000 |
Mortgage Loan Application Detail Totals for Space Coast 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 |
|---|---|---|---|---|---|---|
| Home Improvement | 4,320 | $433,890,000 | $100,000 | $4,505,000 | $142,000 | $3,120,000 |
| Other Purpose | 3,025 | $280,055,000 | $92,000 | $1,505,000 | $126,000 | $4,190,000 |
| Cash-out Refinancing | 2,007 | $344,485,000 | $171,000 | $3,505,000 | $154,000 | $4,680,000 |
| Home Purchase | 1,977 | $677,285,000 | $342,000 | $3,805,000 | $185,000 | $6,600,000 |
| Refinancing | 340 | $77,170,000 | $226,000 | $2,505,000 | $153,000 | $3,165,000 |
| 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 | 5,043 | $782,125,000 | $155,000 | $3,505,000 | $148,000 | $6,600,000 |
| Hispanic | 3,840 | $572,370,000 | $149,000 | $4,505,000 | $149,000 | $4,680,000 |
| Not Provided | 1,368 | $216,830,000 | $158,000 | $1,505,000 | $154,000 | $2,600,000 |
| Black or African American | 983 | $127,905,000 | $130,000 | $1,325,000 | $117,000 | $1,920,000 |
| Asian | 351 | $104,685,000 | $298,000 | $3,085,000 | $182,000 | $1,598,000 |
| American Indian or Alaskan Native | 53 | $5,395,000 | $101,000 | $475,000 | $117,000 | $340,000 |
| Native Hawaiian or Other Pacific Islander | 31 | $3,575,000 | $115,000 | $415,000 | $112,000 | $840,000 |
| 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) | 11,626 | $1,798,490,000 | $154,000 | $4,505,000 | $148,000 | $6,600,000 |
| FHA-insured (Federal Housing Administration) | 33 | $10,325,000 | $312,000 | $565,000 | $117,000 | $410,000 |
| VA-guaranteed (Veterans Administration) | 10 | $4,070,000 | $407,000 | $785,000 | $143,000 | $306,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 5,358 | $892,730,000 | $166,000 | $3,085,000 | $165,000 | $6,600,000 |
| Application Denied By Financial Institution | 3,824 | $513,710,000 | $134,000 | $4,505,000 | $115,000 | $3,165,000 |
| File Closed For Incompleteness | 1,031 | $131,435,000 | $127,000 | $1,005,000 | $168,000 | $4,680,000 |
| Application Approved But Not Accepted | 732 | $78,830,000 | $107,000 | $1,005,000 | $142,000 | $1,749,000 |
| Application Withdrawn By Applicant | 724 | $196,180,000 | $270,000 | $2,305,000 | $165,000 | $2,000,000 |
| 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 |
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 | 7,845 | $1,299,175,000 | $165,000 | $3,085,000 | $163,000 | $6,600,000 |
| Debt-To-Income Ratio | 2,356 | $341,100,000 | $144,000 | $4,505,000 | $92,000 | $1,200,000 |
| Credit History | 856 | $84,050,000 | $98,000 | $1,505,000 | $138,000 | $3,165,000 |
| Collateral | 431 | $57,405,000 | $133,000 | $1,505,000 | $185,000 | $1,752,000 |
| Other | 127 | $23,115,000 | $182,000 | $3,505,000 | $153,000 | $1,445,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 31 | $4,285,000 | $138,000 | $495,000 | $83,000 | $312,000 |
| Unverifiable Information | 12 | $1,380,000 | $115,000 | $545,000 | $148,000 | $550,000 |
| Employment History | 9 | $1,755,000 | $195,000 | $555,000 | $139,000 | $378,000 |
| Credit Application Incomplete | 2 | $620,000 | $310,000 | $485,000 | $535,000 | $951,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Space Coast 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 Space Coast 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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