State Departmenet Federal Credit Union Mortgage Lending & HMDA Data, 2008

In 2008, State Departmenet Federal Credit Union of Alexandria, VA reported 1,176 mortgage applications totaling $215.7 million, up 17% from 2007. The average application was for $183,423, and applicants reported an average income of $112,969. 43% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (792), Bethesda-Frederick-Gaithersburg, MD (80) and Baltimore-Towson, MD (38) (applications in parentheses).

Mortgage Company & Address State Departmenet Federal Credit Union
1630 King Street
Alexandria, VA 22314
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 1,176
Total Mortgage Loan Application Amount $215,706,000
Average Mortgage Loan Application Amount $183,423
Highest Mortgage Loan Application Amount $960,000
Average Applicant Income $112,969
Highest Applicant Income $919,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records State Departmenet Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for State Departmenet Federal Credit Union by County in 2008

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Fairfax, Virginia 225 $ 48,240,000 $ 214,400 $ 127,000
Prince George's, Maryland 201 $ 33,611,000 $ 167,218 $ 89,000
District of Columbia, District Of Columbia 125 $ 23,875,000 $ 191,000 $ 101,000
Arlington, Virginia 87 $ 18,511,000 $ 212,770 $ 142,000
Montgomery, Maryland 79 $ 18,017,000 $ 228,063 $ 123,000
Prince William, Virginia 40 $ 6,857,000 $ 171,425 $ 112,000
Alexandria, Virginia 34 $ 5,664,000 $ 166,588 $ 146,000
Charles, Maryland 27 $ 4,687,000 $ 173,592 $ 111,000
Anne Arundel, Maryland 18 $ 3,092,000 $ 171,777 $ 121,000
Loudoun, Virginia 12 $ 3,165,000 $ 263,750 $ 136,000
Spotsylvania, Virginia 11 $ 2,284,000 $ 207,636 $ 102,000
Broward, Florida 7 $ 898,000 $ 128,285 $ 85,000
Baltimore, Maryland 7 $ 777,000 $ 111,000 $ 213,000
Stafford, Virginia 7 $ 812,000 $ 116,000 $ 108,000
Douglas, Georgia 6 $ 424,000 $ 70,666 $ 109,000
Cook, Illinois 6 $ 1,144,000 $ 190,666 $ 170,000
Baltimore City, Maryland 6 $ 971,000 $ 161,833 $ 84,000
Howard, Maryland 6 $ 1,062,000 $ 177,000 $ 92,000
St. Mary's, Maryland 6 $ 953,000 $ 158,833 $ 93,000
Wake, North Carolina 6 $ 1,230,000 $ 205,000 $ 122,000
Fairfax City, Virginia 6 $ 1,160,000 $ 193,333 $ 142,000
Charleston, South Carolina 5 $ 556,000 $ 111,200 $ 85,000
Miami-Dade, Florida 4 $ 1,003,000 $ 250,750 $ 157,000
Sarasota, Florida 4 $ 293,000 $ 73,250 $ 112,000
Calvert, Maryland 4 $ 1,230,000 $ 307,500 $ 137,000
Mecklenburg, North Carolina 4 $ 414,000 $ 103,500 $ 99,000
Fredericksburg, Virginia 4 $ 747,000 $ 186,750 $ 112,000
Henrico, Virginia 4 $ 695,000 $ 173,750 $ 74,000
King, Washington 4 $ 785,000 $ 196,250 $ 113,000
Jefferson, West Virginia 4 $ 276,000 $ 69,000 $ 110,000
Sussex, Delaware 3 $ 377,000 $ 125,666 $ 116,000
Brevard, Florida 3 $ 271,000 $ 90,333 $ 54,000
Clark, Nevada 3 $ 192,000 $ 64,000 $ 69,000
Durham, North Carolina 3 $ 275,000 $ 91,666 $ 100,000
Guilford, North Carolina 3 $ 253,000 $ 84,333 $ 120,000
Nash, North Carolina 3 $ 190,000 $ 63,333 $ 58,000
Multnomah, Oregon 3 $ 810,000 $ 270,000 $ 100,000
Collin, Texas 3 $ 607,000 $ 202,333 $ 111,000
Salt Lake, Utah 3 $ 304,000 $ 101,333 $ 116,000
Albemarle, Virginia 3 $ 502,000 $ 167,333 $ 64,000
Richmond City, Virginia 3 $ 260,000 $ 86,666 $ 88,000
Shenandoah, Virginia 3 $ 513,000 $ 171,000 $ 182,000
Jefferson, Alabama 2 $ 250,000 $ 125,000 $ 67,000
Los Angeles, California 2 $ 460,000 $ 230,000 $ 74,000
Riverside, California 2 $ 187,000 $ 93,500 $ 94,000
San Bernardino, California 2 $ 263,000 $ 131,500 $ 27,000
San Diego, California 2 $ 612,000 $ 306,000 $ 142,000
Solano, California 2 $ 250,000 $ 125,000 $ 141,000
Mesa, Colorado 2 $ 313,000 $ 156,500 $ 102,000
Hillsborough, Florida 2 $ 332,000 $ 166,000 $ 115,000
Orange, Florida 2 $ 336,000 $ 168,000 $ 135,000
Cobb, Georgia 2 $ 416,000 $ 208,000 $ 105,000
DeKalb, Georgia 2 $ 207,000 $ 103,500 $ 97,000
Fulton, Georgia 2 $ 212,000 $ 106,000 $ 77,000
Cumberland, Maine 2 $ 410,000 $ 205,000 $ 72,000
Wicomico, Maryland 2 $ 65,000 $ 32,500 $ 17,000
Essex, Massachusetts 2 $ 356,000 $ 178,000 $ 152,000
Haywood, North Carolina 2 $ 569,000 $ 284,500 $ 87,000
Berkeley, South Carolina 2 $ 539,000 $ 269,500 $ 130,000
Horry, South Carolina 2 $ 202,000 $ 101,000 $ 129,000
Lexington, South Carolina 2 $ 607,000 $ 303,500 $ 134,000
Richland, South Carolina 2 $ 418,000 $ 209,000 $ 86,000
Shelby, Tennessee 2 $ 96,000 $ 48,000 $ 31,000
Harris, Texas 2 $ 487,000 $ 243,500 $ 123,000
Travis, Texas 2 $ 471,000 $ 235,500 $ 77,000
Weber, Utah 2 $ 175,000 $ 87,500 $ 28,000
Chittenden, Vermont 2 $ 492,000 $ 246,000 $ 122,000
Charlottesville, Virginia 2 $ 424,000 $ 212,000 $ 105,000
Chesterfield, Virginia 2 $ 660,000 $ 330,000 $ 135,000
Culpeper, Virginia 2 $ 377,000 $ 188,500 $ 118,000
Falls Church, Virginia 2 $ 322,000 $ 161,000 $ 164,000
Hampton, Virginia 2 $ 178,000 $ 89,000 $ 68,000
Mathews, Virginia 2 $ 231,000 $ 115,500 $ 98,000
Nelson, Virginia 2 $ 552,000 $ 276,000 $ 173,000
Suffolk, Virginia 2 $ 225,000 $ 112,500 $ 124,000
Warren, Virginia 2 $ 345,000 $ 172,500 $ 100,000
Clark, Washington 2 $ 231,000 $ 115,500 $ 61,000
Mobile, Alabama 1 $ 45,000 $ 45,000 $ 54,000
Maricopa, Arizona 1 $ 352,000 $ 352,000 $ 157,000
Pima, Arizona 1 $ 125,000 $ 125,000 $ 49,000
Garland, Arkansas 1 $ 417,000 $ 417,000 $ 241,000
Van Buren, Arkansas 1 $ 122,000 $ 122,000 $ 103,000
Alameda, California 1 $ 240,000 $ 240,000 $ 196,000
El Dorado, California 1 $ 293,000 $ 293,000 $ 165,000
Orange, California 1 $ 960,000 $ 960,000 $ 732,000
San Francisco, California 1 $ 57,000 $ 57,000 $ 123,000
Siskiyou, California 1 $ 105,000 $ 105,000 $ 156,000
Yuba, California 1 $ 40,000 $ 40,000 $ 128,000
Arapahoe, Colorado 1 $ 205,000 $ 205,000 $ 58,000
El Paso, Colorado 1 $ 293,000 $ 293,000 $ 106,000
Fremont, Colorado 1 $ 35,000 $ 35,000 $ 30,000
Weld, Colorado 1 $ 374,000 $ 374,000 $ 0
New Haven, Connecticut 1 $ 255,000 $ 255,000 $ 146,000
New Castle, Delaware 1 $ 125,000 $ 125,000 $ 133,000
Bay, Florida 1 $ 58,000 $ 58,000 $ 101,000
Charlotte, Florida 1 $ 260,000 $ 260,000 $ 111,000
Lee, Florida 1 $ 252,000 $ 252,000 $ 171,000
Monroe, Florida 1 $ 256,000 $ 256,000 $ 210,000
Palm Beach, Florida 1 $ 28,000 $ 28,000 $ 75,000
Pasco, Florida 1 $ 80,000 $ 80,000 $ 250,000
Pinellas, Florida 1 $ 184,000 $ 184,000 $ 84,000
St. Lucie, Florida 1 $ 160,000 $ 160,000 $ 130,000
Camden, Georgia 1 $ 40,000 $ 40,000 $ 68,000
Catoosa, Georgia 1 $ 75,000 $ 75,000 $ 20,000
Cherokee, Georgia 1 $ 50,000 $ 50,000 $ 42,000
Glynn, Georgia 1 $ 300,000 $ 300,000 $ 106,000
Gwinnett, Georgia 1 $ 204,000 $ 204,000 $ 80,000
Harris, Georgia 1 $ 70,000 $ 70,000 $ 157,000
Muscogee, Georgia 1 $ 25,000 $ 25,000 $ 34,000
Thomas, Georgia 1 $ 65,000 $ 65,000 $ 23,000
Troup, Georgia 1 $ 118,000 $ 118,000 $ 157,000
Ada, Idaho 1 $ 75,000 $ 75,000 $ 116,000
DuPage, Illinois 1 $ 200,000 $ 200,000 $ 105,000
Lake, Illinois 1 $ 90,000 $ 90,000 $ 94,000
Hamilton, Indiana 1 $ 35,000 $ 35,000 $ 69,000
Tippecanoe, Indiana 1 $ 25,000 $ 25,000 $ 76,000
Boyle, Kentucky 1 $ 20,000 $ 20,000 $ 66,000
Jefferson, Louisiana 1 $ 32,000 $ 32,000 $ 78,000
Orleans, Louisiana 1 $ 131,000 $ 131,000 $ 62,000
St. Tammany, Louisiana 1 $ 131,000 $ 131,000 $ 124,000
Dorchester, Maryland 1 $ 308,000 $ 308,000 $ 161,000
Frederick, Maryland 1 $ 335,000 $ 335,000 $ 84,000
Queen Anne's, Maryland 1 $ 25,000 $ 25,000 $ 200,000
Washington, Maryland 1 $ 143,000 $ 143,000 $ 148,000
Hampshire, Massachusetts 1 $ 295,000 $ 295,000 $ 181,000
Plymouth, Massachusetts 1 $ 280,000 $ 280,000 $ 112,000
Suffolk, Massachusetts 1 $ 100,000 $ 100,000 $ 74,000
Livingston, Michigan 1 $ 176,000 $ 176,000 $ 0
Monroe, Michigan 1 $ 68,000 $ 68,000 $ 105,000
Oakland, Michigan 1 $ 120,000 $ 120,000 $ 119,000
Wayne, Michigan 1 $ 30,000 $ 30,000 $ 25,000
Dakota, Minnesota 1 $ 23,000 $ 23,000 $ 59,000
Christian, Missouri 1 $ 50,000 $ 50,000 $ 52,000
Greene, Missouri 1 $ 166,000 $ 166,000 $ 64,000
St. Louis, Missouri 1 $ 51,000 $ 51,000 $ 95,000
Deer Lodge, Montana 1 $ 30,000 $ 30,000 $ 87,000
Teton, Montana 1 $ 192,000 $ 192,000 $ 21,000
Belknap, New Hampshire 1 $ 300,000 $ 300,000 $ 172,000
Carroll, New Hampshire 1 $ 140,000 $ 140,000 $ 120,000
Rockingham, New Hampshire 1 $ 216,000 $ 216,000 $ 104,000
Strafford, New Hampshire 1 $ 102,000 $ 102,000 $ 98,000
Cape May, New Jersey 1 $ 50,000 $ 50,000 $ 98,000
Essex, New Jersey 1 $ 40,000 $ 40,000 $ 120,000
Somerset, New Jersey 1 $ 55,000 $ 55,000 $ 114,000
Montgomery, New York 1 $ 20,000 $ 20,000 $ 75,000
Onondaga, New York 1 $ 33,000 $ 33,000 $ 56,000
Ontario, New York 1 $ 100,000 $ 100,000 $ 87,000
Brunswick, North Carolina 1 $ 50,000 $ 50,000 $ 97,000
Gaston, North Carolina 1 $ 88,000 $ 88,000 $ 121,000
Halifax, North Carolina 1 $ 45,000 $ 45,000 $ 53,000
Harnett, North Carolina 1 $ 27,000 $ 27,000 $ 74,000
Lee, North Carolina 1 $ 110,000 $ 110,000 $ 80,000
Lenoir, North Carolina 1 $ 25,000 $ 25,000 $ 35,000
Wayne, North Carolina 1 $ 10,000 $ 10,000 $ 72,000
Franklin, Ohio 1 $ 294,000 $ 294,000 $ 266,000
Montgomery, Ohio 1 $ 36,000 $ 36,000 $ 41,000
Comanche, Oklahoma 1 $ 15,000 $ 15,000 $ 90,000
Tulsa, Oklahoma 1 $ 112,000 $ 112,000 $ 87,000
Deschutes, Oregon 1 $ 110,000 $ 110,000 $ 52,000
Marion, Oregon 1 $ 178,000 $ 178,000 $ 66,000
Washington, Oregon 1 $ 73,000 $ 73,000 $ 28,000
Washington, Pennsylvania 1 $ 26,000 $ 26,000 $ 299,000
Beaufort, South Carolina 1 $ 224,000 $ 224,000 $ 182,000
York, South Carolina 1 $ 220,000 $ 220,000 $ 105,000
Robertson, Tennessee 1 $ 188,000 $ 188,000 $ 105,000
Sevier, Tennessee 1 $ 85,000 $ 85,000 $ 42,000
Angelina, Texas 1 $ 104,000 $ 104,000 $ 84,000
Bell, Texas 1 $ 20,000 $ 20,000 $ 113,000
Bexar, Texas 1 $ 50,000 $ 50,000 $ 120,000
Fort Bend, Texas 1 $ 199,000 $ 199,000 $ 116,000
Tarrant, Texas 1 $ 35,000 $ 35,000 $ 71,000
Utah, Utah 1 $ 227,000 $ 227,000 $ 106,000
Washington, Utah 1 $ 75,000 $ 75,000 $ 70,000
Danville, Virginia 1 $ 99,000 $ 99,000 $ 111,000
Frederick, Virginia 1 $ 32,000 $ 32,000 $ 187,000
Hanover, Virginia 1 $ 18,000 $ 18,000 $ 87,000
James City, Virginia 1 $ 280,000 $ 280,000 $ 133,000
Manassas, Virginia 1 $ 264,000 $ 264,000 $ 67,000
Norfolk, Virginia 1 $ 12,000 $ 12,000 $ 107,000
Southampton, Virginia 1 $ 82,000 $ 82,000 $ 97,000
Winchester, Virginia 1 $ 150,000 $ 150,000 $ 117,000
Clallam, Washington 1 $ 336,000 $ 336,000 $ 87,000
Spokane, Washington 1 $ 50,000 $ 50,000 $ 68,000
Thurston, Washington 1 $ 200,000 $ 200,000 $ 84,000
Whatcom, Washington 1 $ 100,000 $ 100,000 $ 117,000
Whitman, Washington 1 $ 154,000 $ 154,000 $ 80,000
Tucker, West Virginia 1 $ 295,000 $ 295,000 $ 96,000

Mortgage Loan Application Detail Totals for State Departmenet Federal 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
Refinancing 744 $138,422,000 $186,000 $960,000 $111,000 $732,000
Home Purchase 242 $59,754,000 $246,000 $940,000 $119,000 $370,000
Home Improvement 190 $17,530,000 $92,000 $450,000 $113,000 $919,000

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
Not Provided 532 $115,520,000 $217,000 $750,000 $110,000 $404,000
White 359 $61,482,000 $171,000 $960,000 $129,000 $919,000
Black or African American 221 $28,251,000 $127,000 $750,000 $93,000 $256,000
Hispanic 30 $4,819,000 $160,000 $395,000 $118,000 $273,000
Asian 23 $3,239,000 $140,000 $496,000 $95,000 $204,000
Native Hawaiian or Other Pacific Islander 5 $1,769,000 $353,000 $412,000 $126,000 $173,000
Not applicable 5 $527,000 $105,000 $196,000 $142,000 $256,000
American Indian or Alaskan Native 1 $99,000 $99,000 $99,000 $111,000 $111,000

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) 1,176 $215,706,000 $183,000 $960,000 $113,000 $919,000
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 508 $85,314,000 $167,000 $914,000 $121,000 $370,000
Application Withdrawn By Applicant 311 $69,944,000 $224,000 $940,000 $109,000 $375,000
Application Denied By Financial Institution 310 $48,640,000 $156,000 $960,000 $103,000 $919,000
File Closed For Incompleteness 34 $10,076,000 $296,000 $561,000 $121,000 $289,000
Application Approved But Not Accepted 13 $1,732,000 $133,000 $274,000 $101,000 $232,000
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
Credit Application Incomplete 37 $11,510,000 $311,000 $960,000 $124,000 $732,000
Collateral 32 $8,529,000 $266,000 $576,000 $119,000 $302,000
Credit History 22 $5,961,000 $270,000 $487,000 $98,000 $135,000
Debt-To-Income Ratio 21 $6,353,000 $302,000 $648,000 $65,000 $139,000
Employment History 6 $1,898,000 $316,000 $616,000 $103,000 $180,000
Mortgage Insurance Denied 2 $349,000 $174,000 $293,000 $98,000 $165,000
Other 2 $330,000 $165,000 $280,000 $35,000 $52,000
Unverifiable Information 2 $296,000 $148,000 $175,000 $90,000 $131,000
Insufficient Cash (Downpayment, Closing Cost) 1 $287,000 $287,000 $287,000 $86,000 $86,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into State Departmenet Federal 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 State Departmenet 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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