State Departmenet Federal Credit Union Mortgage Lending & HMDA Data, 2021

In 2021, State Departmenet Federal Credit Union of Alexandria, VA reported 1,192 mortgage applications totaling $222.5 million, about the same as 2020. The average application was for $186,677, and applicants reported an average income of $155,072. 57% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (561), Washington-Baltimore-Arlington, DC (51) and Baltimore-Columbia-Towson, MD (49) (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 1,192
Total Mortgage Loan Application Amount $222,520,000
Average Mortgage Loan Application Amount $186,677
Highest Mortgage Loan Application Amount $2,005,000
Average Applicant Income $155,072
Highest Applicant Income $1,060,000

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State Departmenet Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Metropolitan Area in 2021

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Washington-Arlington-Alexandria, DC-VA-MD-WV 561 $ 111,755,000 $ 199,206 $ 153,629
Washington-Baltimore-Arlington, DC 51 $ 10,055,000 $ 197,156 $ 167,000
Baltimore-Columbia-Towson, MD 49 $ 6,765,000 $ 138,061 $ 138,000
Outside any metro area 39 $ 7,805,000 $ 200,128 $ 163,051
Tampa-St. Petersburg-Clearwater, FL 18 $ 3,540,000 $ 196,666 $ 162,000
Atlanta-Sandy Springs-Roswell, GA 17 $ 2,905,000 $ 170,882 $ 139,000
Los Angeles-Long Beach-Glendale, CA 15 $ 4,565,000 $ 304,333 $ 190,000
Denver-Aurora-Lakewood, CO 13 $ 2,635,000 $ 202,692 $ 163,000
Charleston-North Charleston, SC 12 $ 1,500,000 $ 125,000 $ 126,000
Charlotte-Concord-Gastonia, NC-SC 11 $ 1,765,000 $ 160,454 $ 196,727
Chicago-Naperville, IL 11 $ 1,895,000 $ 172,272 $ 167,000
Richmond, VA 11 $ 1,045,000 $ 95,000 $ 150,000
Riverside-San Bernardino-Ontario, CA 11 $ 2,135,000 $ 194,090 $ 163,000
New York-Jersey City-White Plains, NY-NJ 10 $ 4,460,000 $ 446,000 $ 213,000
Sacramento--Roseville--Arden-Arcade, CA 10 $ 1,810,000 $ 181,000 $ 172,000
San Diego-Carlsbad, CA 10 $ 2,360,000 $ 236,000 $ 156,000
Anaheim-Santa Ana-Irvine, CA 9 $ 2,335,000 $ 259,444 $ 188,000
Phoenix-Mesa-Scottsdale, AZ 9 $ 1,475,000 $ 163,888 $ 171,000
North Port-Sarasota-Bradenton, FL 8 $ 1,820,000 $ 227,500 $ 232,000
Oakland-Hayward-Berkeley, CA 8 $ 1,540,000 $ 192,500 $ 195,000
Asheville, NC 7 $ 945,000 $ 135,000 $ 152,000
Houston-The Woodlands-Sugar Land, TX 7 $ 1,015,000 $ 145,000 $ 163,000
Jacksonville, FL 7 $ 1,185,000 $ 169,285 $ 180,000
Las Vegas-Henderson-Paradise, NV 6 $ 430,000 $ 71,666 $ 105,000
Memphis, TN-MS-AR 6 $ 340,000 $ 56,666 $ 121,000
Portland-Vancouver-Hillsboro, OR-WA 6 $ 760,000 $ 126,666 $ 138,000
Seattle-Bellevue-Everett, WA 6 $ 1,070,000 $ 178,333 $ 140,000
Boise City, ID 5 $ 755,000 $ 151,000 $ 121,000
Charlottesville, VA 5 $ 945,000 $ 189,000 $ 130,000
Cleveland-Elyria, OH 5 $ 615,000 $ 123,000 $ 95,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 5 $ 425,000 $ 85,000 $ 162,000
Raleigh, NC 5 $ 355,000 $ 71,000 $ 141,000
Virginia Beach-Norfolk-Newport News, VA-NC 5 $ 905,000 $ 181,000 $ 102,000
Camden, NJ 4 $ 560,000 $ 140,000 $ 248,000
Indianapolis-Carmel-Anderson, IN 4 $ 370,000 $ 92,500 $ 138,000
Montgomery County-Bucks County-Chester County, PA 4 $ 770,000 $ 192,500 $ 188,000
Newark, NJ-PA 4 $ 470,000 $ 117,500 $ 146,000
Ogden-Clearfield, UT 4 $ 970,000 $ 242,500 $ 146,000
Philadelphia, PA 4 $ 530,000 $ 132,500 $ 91,000
Providence-Warwick, RI-MA 4 $ 440,000 $ 110,000 $ 235,500
Salisbury, MD-DE 4 $ 560,000 $ 140,000 $ 76,500
West Palm Beach-Boca Raton-Delray Beach, FL 4 $ 930,000 $ 232,500 $ 195,000
Austin-Round Rock, TX 3 $ 405,000 $ 135,000 $ 93,000
California-Lexington Park, MD 3 $ 145,000 $ 48,333 $ 139,000
Columbus, OH 3 $ 345,000 $ 115,000 $ 77,000
Deltona-Daytona Beach-Ormond Beach, FL 3 $ 235,000 $ 78,333 $ 125,000
Dover, DE 3 $ 145,000 $ 48,333 $ 55,000
Fresno, CA 3 $ 265,000 $ 88,333 $ 188,000
Hagerstown-Martinsburg, MD-WV 3 $ 585,000 $ 195,000 $ 82,666
Miami-Miami Beach-Kendall, FL 3 $ 715,000 $ 238,333 $ 155,000
Nashville-Davidson--Murfreesboro--Franklin, TN 3 $ 245,000 $ 81,666 $ 105,000
New York-Newark, NY 3 $ 865,000 $ 288,333 $ 253,666
Orlando-Kissimmee-Sanford, FL 3 $ 555,000 $ 185,000 $ 153,000
Palm Bay-Melbourne-Titusville, FL 3 $ 245,000 $ 81,666 $ 126,000
Rockingham County-Strafford County, NH 3 $ 1,015,000 $ 338,333 $ 131,000
San Francisco-Redwood City-South San Francisco, CA 3 $ 1,755,000 $ 585,000 $ 151,000
San Jose-Sunnyvale-Santa Clara, CA 3 $ 665,000 $ 221,666 $ 288,000
Tucson, AZ 3 $ 115,000 $ 38,333 $ 101,000
Warren-Troy-Farmington Hills, MI 3 $ 245,000 $ 81,666 $ 188,000
Winchester, VA-WV 3 $ 205,000 $ 68,333 $ 86,000
Worcester, MA-CT 3 $ 415,000 $ 138,333 $ 111,666
Bellingham, WA 2 $ 560,000 $ 280,000 $ 268,000
Boston, MA 2 $ 310,000 $ 155,000 $ 119,000
Boulder, CO 2 $ 160,000 $ 80,000 $ 219,000
Bremerton-Silverdale, WA 2 $ 1,260,000 $ 630,000 $ 265,000
Cambridge-Newton-Framingham, MA 2 $ 400,000 $ 200,000 $ 123,000
Chattanooga, TN-GA 2 $ 150,000 $ 75,000 $ 207,000
Colorado Springs, CO 2 $ 740,000 $ 370,000 $ 205,000
Daphne-Fairhope-Foley, AL 2 $ 100,000 $ 50,000 $ 165,000
Des Moines-West Des Moines, IA 2 $ 110,000 $ 55,000 $ 89,000
Durham-Chapel Hill, NC 2 $ 780,000 $ 390,000 $ 230,000
Elgin, IL 2 $ 160,000 $ 80,000 $ 106,000
Fort Collins, CO 2 $ 690,000 $ 345,000 $ 91,000
Gainesville, FL 2 $ 260,000 $ 130,000 $ 100,000
Grand Rapids-Wyoming, MI 2 $ 380,000 $ 190,000 $ 207,000
Harrisonburg, VA 2 $ 170,000 $ 85,000 $ 75,000
Hartford-West Hartford-East Hartford, CT 2 $ 120,000 $ 60,000 $ 230,000
Hilton Head Island-Bluffton-Beaufort, SC 2 $ 340,000 $ 170,000 $ 132,000
Jacksonville, NC 2 $ 460,000 $ 230,000 $ 119,000
Johnstown, PA 2 $ 90,000 $ 45,000 $ 72,000
Kingsport-Bristol-Bristol, TN-VA 2 $ 270,000 $ 135,000 $ 153,000
Lake County-Kenosha County, IL-WI 2 $ 250,000 $ 125,000 $ 179,500
Lakeland-Winter Haven, FL 2 $ 100,000 $ 50,000 $ 132,000
Las Cruces, NM 2 $ 400,000 $ 200,000 $ 159,000
Louisville/Jefferson County, KY-IN 2 $ 530,000 $ 265,000 $ 105,000
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 2 $ 300,000 $ 150,000 $ 131,000
Nassau County-Suffolk County, NY 2 $ 350,000 $ 175,000 $ 418,000
New Orleans-Metairie, LA 2 $ 190,000 $ 95,000 $ 163,000
Oklahoma City, OK 2 $ 110,000 $ 55,000 $ 137,000
Oxnard-Thousand Oaks-Ventura, CA 2 $ 620,000 $ 310,000 $ 149,000
Port St. Lucie, FL 2 $ 110,000 $ 55,000 $ 82,000
Provo-Orem, UT 2 $ 770,000 $ 385,000 $ 294,000
San Antonio-New Braunfels, TX 2 $ 400,000 $ 200,000 $ 143,000
San Luis Obispo-Paso Robles-Arroyo Grande, CA 2 $ 340,000 $ 170,000 $ 153,000
Spokane-Spokane Valley, WA 2 $ 290,000 $ 145,000 $ 78,000
Springfield, MA 2 $ 360,000 $ 180,000 $ 139,000
Urban Honolulu, HI 2 $ 580,000 $ 290,000 $ 143,000
Wilmington, NC 2 $ 250,000 $ 125,000 $ 135,000
Albany, OR 1 $ 55,000 $ 55,000 $ 168,000
Albany-Schenectady-Troy, NY 1 $ 85,000 $ 85,000 $ 78,000
Albuquerque, NM 1 $ 185,000 $ 185,000 $ 173,000
Allentown-Bethlehem-Easton, PA-NJ 1 $ 105,000 $ 105,000 $ 232,000
Ann Arbor, MI 1 $ 345,000 $ 345,000 $ 204,000
Auburn-Opelika, AL 1 $ 35,000 $ 35,000 $ 95,000
Barnstable Town, MA 1 $ 355,000 $ 355,000 $ 203,000
Baton Rouge, LA 1 $ 175,000 $ 175,000 $ 129,000
Binghamton, NY 1 $ 115,000 $ 115,000 $ 54,000
Birmingham-Hoover, AL 1 $ 75,000 $ 75,000 $ 177,000
Blacksburg-Christiansburg-Radford, VA 1 $ 135,000 $ 135,000 $ 194,000
Bridgeport-Stamford-Norwalk, CT 1 $ 55,000 $ 55,000 $ 172,000
Buffalo-Cheektowaga-Niagara Falls, NY 1 $ 55,000 $ 55,000 $ 131,000
Chambersburg-Waynesboro, PA 1 $ 55,000 $ 55,000 $ 207,000
Cincinnati, OH-KY-IN 1 $ 65,000 $ 65,000 $ 190,000
Columbia, SC 1 $ 45,000 $ 45,000 $ 67,000
Dallas-Plano-Irving, TX 1 $ 285,000 $ 285,000 $ 104,000
Dayton-Springfield-Kettering, OH 1 $ 205,000 $ 205,000 $ 73,000
Detroit-Dearborn-Livonia, MI 1 $ 155,000 $ 155,000 $ 202,000
Erie, PA 1 $ 55,000 $ 55,000 $ 99,000
Eugene, OR 1 $ 155,000 $ 155,000 $ 141,000
Farmington, NM 1 $ 155,000 $ 155,000 $ 164,000
Fayetteville-Springdale-Rogers, AR-MO 1 $ 55,000 $ 55,000 $ 112,000
Fort Worth-Arlington, TX 1 $ 305,000 $ 305,000 $ 1,060,000
Gettysburg, PA 1 $ 75,000 $ 75,000 $ 213,000
Greensboro-High Point, NC 1 $ 95,000 $ 95,000 $ 155,000
Greenville-Anderson-Mauldin, SC 1 $ 75,000 $ 75,000 $ 120,000
Johnson City, TN 1 $ 285,000 $ 285,000 $ 160,000
Killeen-Temple, TX 1 $ 175,000 $ 175,000 $ 127,000
La Crosse-Onalaska, WI-MN 1 $ 305,000 $ 305,000 $ 528,000
Lafayette, LA 1 $ 45,000 $ 45,000 $ 92,000
Madison, WI 1 $ 55,000 $ 55,000 $ 77,000
Manchester-Nashua, NH 1 $ 105,000 $ 105,000 $ 82,000
Muskegon, MI 1 $ 55,000 $ 55,000 $ 111,000
Naples-Immokalee-Marco Island, FL 1 $ 55,000 $ 55,000 $ 243,000
New Haven-Milford, CT 1 $ 665,000 $ 665,000 $ 196,000
Niles-Benton Harbor, MI 1 $ 105,000 $ 105,000 $ 68,000
Ocala, FL 1 $ 45,000 $ 45,000 $ 79,000
Ocean City, NJ 1 $ 65,000 $ 65,000 $ 82,000
Panama City, FL 1 $ 185,000 $ 185,000 $ 72,000
Pensacola-Ferry Pass-Brent, FL 1 $ 145,000 $ 145,000 $ 204,000
Pittsburgh, PA 1 $ 25,000 $ 25,000 $ 24,000
Pittsfield, MA 1 $ 205,000 $ 205,000 $ 133,000
Portland-South Portland, ME 1 $ 525,000 $ 525,000 $ 175,000
Reno, NV 1 $ 55,000 $ 55,000 $ 103,000
Roanoke, VA 1 $ 25,000 $ 25,000 $ 85,000
Rocky Mount, NC 1 $ 95,000 $ 95,000 $ 55,000
Salinas, CA 1 $ 395,000 $ 395,000 $ 244,000
Salt Lake City, UT 1 $ 275,000 $ 275,000 $ 137,000
San Rafael, CA 1 $ 55,000 $ 55,000 $ 41,000
Santa Fe, NM 1 $ 505,000 $ 505,000 $ 143,000
Santa Maria-Santa Barbara, CA 1 $ 1,125,000 $ 1,125,000 $ 367,000
Santa Rosa, CA 1 $ 55,000 $ 55,000 $ 68,000
Sebastian-Vero Beach, FL 1 $ 155,000 $ 155,000 $ 86,000
Shreveport-Bossier City, LA 1 $ 105,000 $ 105,000 $ 240,000
Sioux City, IA-NE-SD 1 $ 35,000 $ 35,000 $ 54,000
Springfield, MO 1 $ 105,000 $ 105,000 $ 59,000
St. Louis, MO-IL 1 $ 55,000 $ 55,000 $ 79,000
Sumter, SC 1 $ 105,000 $ 105,000 $ 139,000
The Villages, FL 1 $ 25,000 $ 25,000 $ 107,000
Trenton, NJ 1 $ 35,000 $ 35,000 $ 151,000
Twin Falls, ID 1 $ 105,000 $ 105,000 $ 89,000
Tyler, TX 1 $ 265,000 $ 265,000 $ 154,000
Vallejo-Fairfield, CA 1 $ 125,000 $ 125,000 $ 234,000
Visalia-Porterville, CA 1 $ 55,000 $ 55,000 $ 239,000
Winston-Salem, NC 1 $ 15,000 $ 15,000 $ 18,000
York-Hanover, PA 1 $ 15,000 $ 15,000 $ 70,000

Mortgage Loan Application Detail Totals for State Departmenet Federal Credit Union in 2021

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 472 $49,450,000 $104,000 $505,000 $158,000 $718,000
Other Purpose 291 $34,755,000 $119,000 $1,005,000 $152,000 $1,060,000
Refinancing 213 $62,665,000 $294,000 $1,125,000 $158,000 $468,000
Home Purchase 134 $47,420,000 $353,000 $2,005,000 $156,000 $800,000
Cash-out Refinancing 82 $28,230,000 $344,000 $935,000 $140,000 $319,000
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 512 $102,030,000 $199,000 $2,005,000 $167,000 $883,000
Not Provided 304 $64,260,000 $211,000 $935,000 $159,000 $1,060,000
Black or African American 232 $31,630,000 $136,000 $685,000 $127,000 $412,000
Hispanic 79 $13,035,000 $165,000 $735,000 $153,000 $376,000
Asian 49 $9,005,000 $183,000 $825,000 $156,000 $304,000
American Indian or Alaskan Native 5 $355,000 $71,000 $155,000 $78,000 $159,000
Native Hawaiian or Other Pacific Islander 2 $500,000 $250,000 $445,000 $155,000 $175,000
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) 1,192 $222,520,000 $186,000 $2,005,000 $155,000 $1,060,000
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 675 $134,205,000 $198,000 $1,125,000 $163,000 $718,000
Application Denied By Financial Institution 274 $37,090,000 $135,000 $725,000 $133,000 $1,060,000
Application Withdrawn By Applicant 213 $39,615,000 $185,000 $2,005,000 $160,000 $800,000
Application Approved But Not Accepted 28 $10,910,000 $389,000 $815,000 $164,000 $345,000
File Closed For Incompleteness 2 $700,000 $350,000 $545,000 $150,000 $159,000
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 918 $185,430,000 $201,000 $2,005,000 $162,000 $800,000
Other 114 $14,320,000 $125,000 $715,000 $143,000 $412,000
Credit History 61 $8,275,000 $135,000 $725,000 $119,000 $454,000
Debt-To-Income Ratio 54 $7,690,000 $142,000 $725,000 $91,000 $202,000
Collateral 40 $5,950,000 $148,000 $665,000 $182,000 $1,060,000
Unverifiable Information 3 $415,000 $138,000 $255,000 $102,000 $126,000
Credit Application Incomplete 1 $275,000 $275,000 $275,000 $180,000 $180,000
Employment History 1 $165,000 $165,000 $165,000 $89,000 $89,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into State Departmenet Federal Credit Union's 2021 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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