State Employees' Credit Union Mortgage Lending & HMDA Data, 2007
In 2007, State Employees' Credit Union of Raleigh, NC reported 16,818 mortgage applications totaling $2.3 billion, down 4% from 2006. The average application was for $135,148, and applicants reported an average income of $70,355. 68% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Raleigh-Cary, NC (2,668), Charlotte-Gastonia-Concord, NC-SC (1,430) and Durham, NC (1,203) (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 | 16,818 |
| Total Mortgage Loan Application Amount | $2,272,927,000 |
| Average Mortgage Loan Application Amount | $135,148 |
| Highest Mortgage Loan Application Amount | $980,000 |
| Average Applicant Income | $70,355 |
| Highest Applicant Income | $2,604,000 |
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records State Employees' Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 2,668 | $ 424,013,000 | $ 158,925 | $ 80,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1,430 | $ 209,924,000 | $ 146,800 | $ 74,186 |
| Durham, NC | 1,203 | $ 188,410,000 | $ 156,616 | $ 77,000 |
| Asheville, NC | 1,126 | $ 174,323,000 | $ 154,816 | $ 69,000 |
| Greensboro-High Point, NC | 1,024 | $ 132,708,000 | $ 129,597 | $ 65,000 |
| Hickory-Lenoir-Morganton, NC | 832 | $ 97,632,000 | $ 117,346 | $ 64,000 |
| Wilmington, NC | 720 | $ 117,681,000 | $ 163,445 | $ 76,000 |
| Winston-Salem, NC | 461 | $ 57,392,000 | $ 124,494 | $ 70,000 |
| Greenville, NC | 325 | $ 36,899,000 | $ 113,535 | $ 69,000 |
| Fayetteville, NC | 302 | $ 28,391,000 | $ 94,009 | $ 65,000 |
| Rocky Mount, NC | 265 | $ 26,702,000 | $ 100,762 | $ 65,000 |
| Burlington, NC | 231 | $ 31,630,000 | $ 136,926 | $ 68,000 |
| Goldsboro, NC | 197 | $ 19,038,000 | $ 96,639 | $ 62,000 |
| Jacksonville, NC | 112 | $ 12,575,000 | $ 112,276 | $ 71,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 51 | $ 8,890,000 | $ 174,313 | $ 113,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 49 | $ 8,759,000 | $ 178,755 | $ 68,142 |
| Atlanta-Sandy Springs-Marietta, GA | 33 | $ 7,544,000 | $ 228,606 | $ 85,000 |
| Greenville-Mauldin-Easley, SC | 14 | $ 2,206,000 | $ 157,571 | $ 64,000 |
| Spartanburg, SC | 12 | $ 1,469,000 | $ 122,416 | $ 64,000 |
| Columbia, SC | 10 | $ 1,107,000 | $ 110,700 | $ 78,000 |
| Charleston-North Charleston, SC | 9 | $ 2,388,000 | $ 265,333 | $ 133,000 |
| Danville, VA | 8 | $ 956,000 | $ 119,500 | $ 70,000 |
| Knoxville, TN | 8 | $ 1,503,000 | $ 187,875 | $ 110,000 |
| Richmond, VA | 6 | $ 1,322,000 | $ 220,333 | $ 76,000 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 2,039,000 | $ 339,833 | $ 140,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 6 | $ 1,349,000 | $ 224,833 | $ 95,333 |
| Johnson City, TN | 5 | $ 577,000 | $ 115,400 | $ 64,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 5 | $ 810,000 | $ 162,000 | $ 78,000 |
| Chattanooga, TN-GA | 4 | $ 754,000 | $ 188,500 | $ 59,250 |
| Harrisonburg, VA | 4 | $ 1,045,000 | $ 261,250 | $ 82,000 |
| Jacksonville, FL | 4 | $ 733,000 | $ 183,250 | $ 54,000 |
| Kingsport-Bristol-Bristol, TN-VA | 4 | $ 374,000 | $ 93,500 | $ 40,000 |
| Memphis, TN-MS-AR | 4 | $ 485,000 | $ 121,250 | $ 161,000 |
| Morristown, TN | 4 | $ 519,000 | $ 129,750 | $ 59,000 |
| Orlando-Kissimmee, FL | 4 | $ 538,000 | $ 134,500 | $ 66,000 |
| Blacksburg-Christiansburg-Radford, VA | 3 | $ 273,000 | $ 91,000 | $ 181,000 |
| Lynchburg, VA | 3 | $ 309,000 | $ 103,000 | $ 62,000 |
| Roanoke, VA | 3 | $ 570,000 | $ 190,000 | $ 73,000 |
| Anderson, SC | 2 | $ 158,000 | $ 79,000 | $ 60,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 400,000 | $ 200,000 | $ 88,000 |
| Sebastian-Vero Beach, FL | 2 | $ 464,000 | $ 232,000 | $ 80,000 |
| Athens-Clarke County, GA | 1 | $ 292,000 | $ 292,000 | $ 95,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 96,000 | $ 96,000 | $ 57,000 |
| Baltimore-Towson, MD | 1 | $ 20,000 | $ 20,000 | $ 38,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 270,000 | $ 270,000 | $ 70,000 |
| Charlottesville, VA | 1 | $ 151,000 | $ 151,000 | $ 199,000 |
| Clarksville, TN-KY | 1 | $ 86,000 | $ 86,000 | $ 60,000 |
| Florence, SC | 1 | $ 232,000 | $ 232,000 | $ 92,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 122,000 | $ 122,000 | $ 80,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 80,000 | $ 80,000 | $ 80,000 |
| Hinesville-Fort Stewart, GA | 1 | $ 166,000 | $ 166,000 | $ 86,000 |
| Macon, GA | 1 | $ 103,000 | $ 103,000 | $ 45,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 17,000 | $ 17,000 | $ 56,000 |
| Palm Coast, FL | 1 | $ 120,000 | $ 120,000 | $ 48,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 202,000 | $ 202,000 | $ 94,000 |
| Philadelphia, PA | 1 | $ 10,000 | $ 10,000 | $ 49,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 100,000 | $ 100,000 | $ 39,000 |
| Savannah, GA | 1 | $ 180,000 | $ 180,000 | $ 89,000 |
| Sumter, SC | 1 | $ 15,000 | $ 15,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for State Employees' Credit Union in 2007
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 | 9,169 | $1,236,327,000 | $134,000 | $980,000 | $71,000 | $2,604,000 |
| Home Purchase | 6,926 | $1,010,467,000 | $145,000 | $900,000 | $71,000 | $1,520,000 |
| Home Improvement | 723 | $26,133,000 | $36,000 | $500,000 | $56,000 | $225,000 |
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 | 13,135 | $1,823,717,000 | $138,000 | $980,000 | $72,000 | $2,604,000 |
| Black or African American | 2,613 | $310,889,000 | $118,000 | $620,000 | $61,000 | $663,000 |
| Not Provided | 524 | $62,356,000 | $119,000 | $750,000 | $65,000 | $420,000 |
| Hispanic | 252 | $35,663,000 | $141,000 | $498,000 | $68,000 | $307,000 |
| American Indian or Alaskan Native | 156 | $16,685,000 | $106,000 | $400,000 | $63,000 | $198,000 |
| Asian | 122 | $21,409,000 | $175,000 | $529,000 | $86,000 | $268,000 |
| Native Hawaiian or Other Pacific Islander | 16 | $2,208,000 | $138,000 | $224,000 | $50,000 | $101,000 |
| 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) | 16,818 | $2,272,927,000 | $135,000 | $980,000 | $70,000 | $2,604,000 |
| 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 | 11,457 | $1,584,144,000 | $138,000 | $980,000 | $74,000 | $2,604,000 |
| Application Denied By Financial Institution | 2,357 | $276,044,000 | $117,000 | $822,000 | $53,000 | $382,000 |
| Application Withdrawn By Applicant | 1,476 | $204,947,000 | $138,000 | $750,000 | $67,000 | $663,000 |
| Application Approved But Not Accepted | 998 | $147,066,000 | $147,000 | $750,000 | $74,000 | $1,520,000 |
| Loan Purchased By The Institution | 352 | $36,776,000 | $104,000 | $365,000 | $59,000 | $205,000 |
| File Closed For Incompleteness | 177 | $23,545,000 | $133,000 | $399,000 | $57,000 | $184,000 |
| Preapproval Approved but not Accepted | 1 | $405,000 | $405,000 | $405,000 | $132,000 | $132,000 |
| 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 | $130,225,000 | $110,000 | $411,000 | $53,000 | $299,000 |
| Debt-To-Income Ratio | 668 | $88,248,000 | $132,000 | $664,000 | $46,000 | $199,000 |
| Collateral | 249 | $29,919,000 | $120,000 | $822,000 | $69,000 | $382,000 |
| Other | 130 | $14,480,000 | $111,000 | $455,000 | $54,000 | $153,000 |
| Credit Application Incomplete | 42 | $2,332,000 | $55,000 | $204,000 | $60,000 | $240,000 |
| Unverifiable Information | 36 | $4,953,000 | $137,000 | $328,000 | $56,000 | $181,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 30 | $3,985,000 | $132,000 | $350,000 | $61,000 | $289,000 |
| Employment History | 21 | $1,771,000 | $84,000 | $203,000 | $52,000 | $109,000 |
| Mortgage Insurance Denied | 1 | $131,000 | $131,000 | $131,000 | $40,000 | $40,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into State Employees' Credit Union's 2007 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About