Sun Credit Union Mortgage Lending & HMDA Data, 2017

In 2017, Sun Credit Union of Hollywood, FL reported 12 mortgage applications totaling $2.3 million, up 20% from 2016. The average application was for $194,000, and applicants reported an average income of $88,333. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (6), Miami-Miami Beach-Kendall, FL (2) and Orlando-Kissimmee-Sanford, FL (2) (applications in parentheses).

Mortgage Company & Address Sun Credit Union
4205 Hollywood Blvd
Hollywood, FL 33021
Tel #: available with data download
Federal Regulator * available with data download
Years 2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  
Total Number of Mortgage Applications 12
Total Mortgage Loan Application Amount $2,328,000
Average Mortgage Loan Application Amount $194,000
Highest Mortgage Loan Application Amount $360,000
Average Applicant Income $88,333
Highest Applicant Income $155,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sun Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Sun Credit Union by Metropolitan Area in 2017

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 6 $ 988,000 $ 164,666 $ 88,000
Miami-Miami Beach-Kendall, FL 2 $ 350,000 $ 175,000 $ 74,000
Orlando-Kissimmee-Sanford, FL 2 $ 270,000 $ 135,000 $ 84,000

Mortgage Loan Application Detail Totals for Sun Credit Union in 2017

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 8 $1,722,000 $215,000 $360,000 $83,000 $109,000
Refinancing 4 $606,000 $151,000 $224,000 $99,000 $155,000
Home Improvement 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 8 $1,722,000 $215,000 $360,000 $83,000 $109,000
Black or African American 2 $448,000 $224,000 $224,000 $155,000 $155,000
Hispanic 2 $158,000 $79,000 $79,000 $43,000 $43,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 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) 12 $2,328,000 $194,000 $360,000 $88,000 $155,000
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 12 $2,328,000 $194,000 $360,000 $88,000 $155,000
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
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Application Denied By Financial Institution 0 $0 $0 $0 $0 $0
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Sun Credit Union's 2017 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 Sun 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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