Suncoast Credit Union Mortgage Lending & HMDA Data, 2014
In 2014, Suncoast Credit Union of Tampa, FL reported 8,007 mortgage applications totaling $918.6 million, down 2% from 2013. The average application was for $114,718, and applicants reported an average income of $66,460. 34% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Tampa-St. Petersburg-Clearwater, FL (2,292), Cape Coral-Fort Myers, FL (1,553) and Naples-Immokalee-Marco Island, FL (568) (applications in parentheses).
| Mortgage Company & Address | Suncoast Credit Union 6801 E Hillsborough Ave Tampa, FL 33610 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 8,007 |
| Total Mortgage Loan Application Amount | $918,553,000 |
| Average Mortgage Loan Application Amount | $114,718 |
| Highest Mortgage Loan Application Amount | $720,000 |
| Average Applicant Income | $66,460 |
| Highest Applicant Income | $2,297,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Suncoast Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Tampa-St. Petersburg-Clearwater, FL | 2,292 | $ 256,662,000 | $ 111,981 | $ 73,000 |
| Cape Coral-Fort Myers, FL | 1,553 | $ 168,765,000 | $ 108,670 | $ 65,000 |
| Naples-Immokalee-Marco Island, FL | 568 | $ 83,383,000 | $ 146,801 | $ 78,000 |
| North Port-Sarasota-Bradenton, FL | 422 | $ 52,103,000 | $ 123,466 | $ 84,000 |
| Punta Gorda, FL | 302 | $ 25,537,000 | $ 84,559 | $ 57,000 |
| Homosassa Springs, FL | 256 | $ 21,380,000 | $ 83,515 | $ 63,000 |
| The Villages, FL | 60 | $ 4,514,000 | $ 75,233 | $ 59,000 |
| Lakeland-Winter Haven, FL | 51 | $ 4,124,000 | $ 80,862 | $ 61,000 |
| Orlando-Kissimmee-Sanford, FL | 42 | $ 6,568,000 | $ 156,380 | $ 115,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 22 | $ 2,995,000 | $ 136,136 | $ 107,000 |
| Ocala, FL | 20 | $ 1,523,000 | $ 76,150 | $ 61,000 |
| Jacksonville, FL | 17 | $ 2,743,000 | $ 161,352 | $ 79,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 17 | $ 2,484,000 | $ 146,117 | $ 74,000 |
| Gainesville, FL | 14 | $ 1,616,000 | $ 115,428 | $ 57,000 |
| Sebring, FL | 11 | $ 697,000 | $ 63,363 | $ 48,000 |
| Tallahassee, FL | 11 | $ 1,080,000 | $ 98,181 | $ 67,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 9 | $ 832,000 | $ 92,444 | $ 72,000 |
| Port St. Lucie, FL | 8 | $ 1,034,000 | $ 129,250 | $ 76,000 |
| Pensacola-Ferry Pass-Brent, FL | 5 | $ 961,000 | $ 192,200 | $ 147,000 |
| Charlotte-Concord-Gastonia, NC-SC | 4 | $ 834,000 | $ 208,500 | $ 94,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 578,000 | $ 144,500 | $ 60,000 |
| Atlanta-Sandy Springs-Roswell, GA | 3 | $ 659,000 | $ 219,666 | $ 142,000 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 765,000 | $ 255,000 | $ 285,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 335,000 | $ 111,666 | $ 32,000 |
| Sebastian-Vero Beach, FL | 3 | $ 477,000 | $ 159,000 | $ 72,000 |
| Winston-Salem, NC | 2 | $ 344,000 | $ 172,000 | $ 85,000 |
| Asheville, NC | 1 | $ 109,000 | $ 109,000 | $ 46,000 |
| Birmingham-Hoover, AL | 1 | $ 325,000 | $ 325,000 | $ 176,000 |
| Charleston-North Charleston, SC | 1 | $ 188,000 | $ 188,000 | $ 175,000 |
| Columbus, GA-AL | 1 | $ 26,000 | $ 26,000 | $ 124,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 133,000 | $ 133,000 | $ 51,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 194,000 | $ 194,000 | $ 108,000 |
| Hinesville, GA | 1 | $ 57,000 | $ 57,000 | $ 61,000 |
| Knoxville, TN | 1 | $ 285,000 | $ 285,000 | $ 83,000 |
| Macon, GA | 1 | $ 342,000 | $ 342,000 | $ 140,000 |
| Morristown, TN | 1 | $ 147,000 | $ 147,000 | $ 54,000 |
| Panama City, FL | 1 | $ 10,000 | $ 10,000 | $ 72,000 |
| Savannah, GA | 1 | $ 99,000 | $ 99,000 | $ 41,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 203,000 | $ 203,000 | $ 62,000 |
| Wilmington, NC | 1 | $ 144,000 | $ 144,000 | $ 141,000 |
Mortgage Loan Application Detail Totals for Suncoast Credit Union in 2014
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 | 4,510 | $584,655,000 | $129,000 | $700,000 | $64,000 | $2,297,000 |
| Refinancing | 2,219 | $282,839,000 | $127,000 | $720,000 | $70,000 | $775,000 |
| Home Improvement | 1,278 | $51,059,000 | $39,000 | $500,000 | $69,000 | $1,140,000 |
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 | 5,744 | $685,004,000 | $119,000 | $720,000 | $72,000 | $2,297,000 |
| Hispanic | 1,386 | $140,965,000 | $101,000 | $700,000 | $54,000 | $1,474,000 |
| Black or African American | 696 | $69,373,000 | $99,000 | $585,000 | $50,000 | $311,000 |
| Asian | 98 | $12,814,000 | $130,000 | $575,000 | $64,000 | $250,000 |
| Not Provided | 37 | $5,224,000 | $141,000 | $417,000 | $76,000 | $258,000 |
| Native Hawaiian or Other Pacific Islander | 24 | $3,276,000 | $136,000 | $500,000 | $66,000 | $335,000 |
| American Indian or Alaskan Native | 22 | $1,897,000 | $86,000 | $286,000 | $60,000 | $128,000 |
| 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) | 8,007 | $918,553,000 | $114,000 | $720,000 | $67,000 | $2,297,000 |
| 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 | 2,722 | $330,948,000 | $121,000 | $700,000 | $77,000 | $775,000 |
| Application Denied By Financial Institution | 2,057 | $183,397,000 | $89,000 | $720,000 | $58,000 | $1,140,000 |
| Preapproval Denied by Financial Institution | 1,496 | $186,312,000 | $124,000 | $537,000 | $50,000 | $330,000 |
| Application Withdrawn By Applicant | 546 | $62,048,000 | $113,000 | $626,000 | $79,000 | $2,297,000 |
| Application Approved But Not Accepted | 444 | $54,807,000 | $123,000 | $625,000 | $77,000 | $408,000 |
| Preapproval Approved but not Accepted | 433 | $57,410,000 | $132,000 | $540,000 | $64,000 | $278,000 |
| File Closed For Incompleteness | 309 | $43,631,000 | $141,000 | $630,000 | $82,000 | $1,474,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Other | 1,648 | $183,816,000 | $111,000 | $648,000 | $55,000 | $720,000 |
| Debt-To-Income Ratio | 738 | $71,402,000 | $96,000 | $720,000 | $42,000 | $218,000 |
| Credit History | 479 | $28,634,000 | $59,000 | $410,000 | $70,000 | $1,140,000 |
| Mortgage Insurance Denied | 327 | $46,710,000 | $142,000 | $473,000 | $57,000 | $330,000 |
| Collateral | 130 | $14,791,000 | $113,000 | $500,000 | $73,000 | $193,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 118 | $13,611,000 | $115,000 | $416,000 | $42,000 | $162,000 |
| Employment History | 89 | $8,235,000 | $92,000 | $302,000 | $43,000 | $145,000 |
| Unverifiable Information | 17 | $1,952,000 | $114,000 | $412,000 | $48,000 | $165,000 |
| Credit Application Incomplete | 2 | $30,000 | $15,000 | $25,000 | $56,000 | $64,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Suncoast Credit Union's 2014 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 Suncoast 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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