State Employees' Credit Union Mortgage Lending & HMDA Data, 2006
In 2006, State Employees' Credit Union of Raleigh, NC reported 17,548 mortgage applications totaling $2.3 billion, up 6% from 2005. The average application was for $130,928, and applicants reported an average income of $67,382. 68% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Raleigh-Cary, NC (2,742), Charlotte-Gastonia-Concord, NC-SC (1,430) and Durham, NC (1,312) (applications in parentheses).
| Mortgage Company & Address | State Employees' Credit Union P.O. Drawer 25279 Raleigh, NC 27611 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 17,548 |
| Total Mortgage Loan Application Amount | $2,297,537,000 |
| Average Mortgage Loan Application Amount | $130,928 |
| Highest Mortgage Loan Application Amount | $950,000 |
| Average Applicant Income | $67,382 |
| Highest Applicant Income | $888,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records State Employees' Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Raleigh-Cary, NC | 2,742 | $ 425,687,000 | $ 155,246 | $ 74,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1,430 | $ 194,813,000 | $ 136,232 | $ 70,151 |
| Durham, NC | 1,312 | $ 205,716,000 | $ 156,795 | $ 75,000 |
| Asheville, NC | 1,164 | $ 171,502,000 | $ 147,338 | $ 64,000 |
| Greensboro-High Point, NC | 1,088 | $ 133,959,000 | $ 123,124 | $ 65,000 |
| Wilmington, NC | 831 | $ 130,849,000 | $ 157,459 | $ 74,000 |
| Hickory-Lenoir-Morganton, NC | 759 | $ 84,396,000 | $ 111,193 | $ 62,000 |
| Winston-Salem, NC | 461 | $ 58,765,000 | $ 127,472 | $ 71,000 |
| Greenville, NC | 373 | $ 43,902,000 | $ 117,699 | $ 66,000 |
| Fayetteville, NC | 325 | $ 31,026,000 | $ 95,464 | $ 65,000 |
| Rocky Mount, NC | 321 | $ 29,749,000 | $ 92,676 | $ 58,000 |
| Burlington, NC | 262 | $ 35,167,000 | $ 134,225 | $ 61,000 |
| Goldsboro, NC | 191 | $ 18,237,000 | $ 95,481 | $ 58,000 |
| Jacksonville, NC | 103 | $ 12,293,000 | $ 119,349 | $ 59,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 92 | $ 16,886,000 | $ 183,543 | $ 113,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 71 | $ 11,582,000 | $ 163,126 | $ 74,676 |
| Atlanta-Sandy Springs-Marietta, GA | 33 | $ 7,031,000 | $ 213,060 | $ 94,000 |
| Charleston-North Charleston, SC | 24 | $ 4,603,000 | $ 191,791 | $ 90,000 |
| Greenville, SC | 20 | $ 3,359,000 | $ 167,950 | $ 80,000 |
| Columbia, SC | 19 | $ 3,399,000 | $ 178,894 | $ 97,000 |
| Spartanburg, SC | 17 | $ 1,933,000 | $ 113,705 | $ 57,000 |
| Richmond, VA | 15 | $ 3,503,000 | $ 233,533 | $ 97,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 11 | $ 3,584,000 | $ 325,818 | $ 86,545 |
| Roanoke, VA | 9 | $ 1,876,000 | $ 208,444 | $ 111,000 |
| Johnson City, TN | 8 | $ 689,000 | $ 86,125 | $ 31,000 |
| Jacksonville, FL | 7 | $ 1,843,000 | $ 263,285 | $ 91,000 |
| Knoxville, TN | 7 | $ 680,000 | $ 97,142 | $ 70,000 |
| Nashville-Davidson--Murfreesboro, TN | 7 | $ 1,844,000 | $ 263,428 | $ 110,000 |
| Orlando-Kissimmee, FL | 7 | $ 2,060,000 | $ 294,285 | $ 107,000 |
| Tampa-St. Petersburg-Clearwater, FL | 7 | $ 1,169,000 | $ 167,000 | $ 80,000 |
| Danville, VA | 6 | $ 445,000 | $ 74,166 | $ 59,000 |
| Florence, SC | 5 | $ 948,000 | $ 189,600 | $ 80,000 |
| Gainesville, GA | 5 | $ 873,000 | $ 174,600 | $ 88,000 |
| Blacksburg-Christiansburg-Radford, VA | 4 | $ 860,000 | $ 215,000 | $ 133,000 |
| Lynchburg, VA | 4 | $ 299,000 | $ 74,750 | $ 72,000 |
| Memphis, TN-MS-AR | 4 | $ 503,000 | $ 125,750 | $ 76,000 |
| Charlottesville, VA | 3 | $ 778,000 | $ 259,333 | $ 271,000 |
| Chattanooga, TN-GA | 3 | $ 504,000 | $ 168,000 | $ 100,000 |
| Kingsport-Bristol-Bristol, TN-VA | 3 | $ 350,000 | $ 116,666 | $ 52,666 |
| Savannah, GA | 3 | $ 314,000 | $ 104,666 | $ 73,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 217,000 | $ 108,500 | $ 55,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 550,000 | $ 275,000 | $ 71,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 240,000 | $ 120,000 | $ 62,000 |
| Harrisonburg, VA | 2 | $ 283,000 | $ 141,500 | $ 74,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 621,000 | $ 310,500 | $ 79,000 |
| Ocala, FL | 2 | $ 400,000 | $ 200,000 | $ 103,000 |
| Sebastian-Vero Beach, FL | 2 | $ 285,000 | $ 142,500 | $ 39,000 |
| Anderson, SC | 1 | $ 140,000 | $ 140,000 | $ 71,000 |
| Bethesda-Gaithersburg-Frederick, MD | 1 | $ 126,000 | $ 126,000 | $ 121,000 |
| Birmingham-Hoover, AL | 1 | $ 809,000 | $ 809,000 | $ 256,000 |
| Clarksville, TN-KY | 1 | $ 270,000 | $ 270,000 | $ 77,000 |
| Cleveland, TN | 1 | $ 85,000 | $ 85,000 | $ 63,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 104,000 | $ 104,000 | $ 51,000 |
| Harrisburg-Carlisle, PA | 1 | $ 5,000 | $ 5,000 | $ 94,000 |
| Hinesville-Fort Stewart, GA | 1 | $ 87,000 | $ 87,000 | $ 23,000 |
| Kansas City, MO-KS | 1 | $ 5,000 | $ 5,000 | $ 32,000 |
| Macon, GA | 1 | $ 103,000 | $ 103,000 | $ 43,000 |
| Naples-Marco Island, FL | 1 | $ 250,000 | $ 250,000 | $ 40,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 215,000 | $ 215,000 | $ 95,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 179,000 | $ 179,000 | $ 43,000 |
| Port St. Lucie-Fort Pierce, FL | 1 | $ 300,000 | $ 300,000 | $ 56,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 560,000 | $ 560,000 | $ 168,000 |
| Warner Robins, GA | 1 | $ 198,000 | $ 198,000 | $ 90,000 |
Mortgage Loan Application Detail Totals for State Employees' Credit Union in 2006
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 | 9,185 | $1,316,002,000 | $143,000 | $882,000 | $69,000 | $888,000 |
| Refinancing | 7,466 | $955,243,000 | $127,000 | $950,000 | $67,000 | $725,000 |
| Home Improvement | 897 | $26,292,000 | $29,000 | $604,000 | $54,000 | $383,000 |
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 |
|---|---|---|---|---|---|---|
| White | 13,900 | $1,880,718,000 | $135,000 | $950,000 | $69,000 | $888,000 |
| Black or African American | 2,477 | $275,877,000 | $111,000 | $809,000 | $58,000 | $439,000 |
| Not Provided | 596 | $63,491,000 | $106,000 | $500,000 | $62,000 | $480,000 |
| Hispanic | 254 | $35,177,000 | $138,000 | $530,000 | $67,000 | $360,000 |
| American Indian or Alaskan Native | 162 | $17,354,000 | $107,000 | $484,000 | $67,000 | $448,000 |
| Asian | 148 | $23,797,000 | $160,000 | $700,000 | $98,000 | $643,000 |
| Native Hawaiian or Other Pacific Islander | 11 | $1,123,000 | $102,000 | $248,000 | $53,000 | $120,000 |
| 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) | 17,548 | $2,297,537,000 | $130,000 | $950,000 | $67,000 | $888,000 |
| 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 | 11,932 | $1,606,894,000 | $134,000 | $809,000 | $71,000 | $888,000 |
| Application Denied By Financial Institution | 2,346 | $242,608,000 | $103,000 | $640,000 | $49,000 | $478,000 |
| Application Approved But Not Accepted | 1,634 | $231,745,000 | $141,000 | $750,000 | $70,000 | $480,000 |
| Application Withdrawn By Applicant | 881 | $119,056,000 | $135,000 | $950,000 | $64,000 | $520,000 |
| Loan Purchased By The Institution | 462 | $57,945,000 | $125,000 | $500,000 | $62,000 | $725,000 |
| File Closed For Incompleteness | 293 | $39,289,000 | $134,000 | $738,000 | $74,000 | $643,000 |
| 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 | 1,180 | $114,572,000 | $97,000 | $400,000 | $49,000 | $478,000 |
| Debt-To-Income Ratio | 631 | $76,625,000 | $121,000 | $640,000 | $41,000 | $162,000 |
| Collateral | 242 | $23,541,000 | $97,000 | $391,000 | $63,000 | $264,000 |
| Other | 140 | $13,670,000 | $97,000 | $472,000 | $56,000 | $214,000 |
| Credit Application Incomplete | 56 | $1,901,000 | $33,000 | $250,000 | $50,000 | $165,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 45 | $5,506,000 | $122,000 | $372,000 | $51,000 | $140,000 |
| Unverifiable Information | 27 | $4,158,000 | $154,000 | $408,000 | $62,000 | $172,000 |
| Employment History | 25 | $2,635,000 | $105,000 | $180,000 | $41,000 | $77,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into State Employees' Credit Union's 2006 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 Employees' 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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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