Telco Plus Credit Union Mortgage Lending & HMDA Data, 2020
In 2020, Telco Plus Credit Union of Longview, TX reported 64 mortgage applications totaling $7.0 million. The average application was for $110,000, and applicants reported an average income of $70,812. 66% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Longview, TX (30), Tyler, TX (25) and Houston-The Woodlands-Sugar Land, TX (2) (applications in parentheses).
| Mortgage Company & Address | Telco Plus Credit Union 423 Gilmer Rd Longview, TX 75604 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 |
| Total Number of Mortgage Applications | 64 |
| Total Mortgage Loan Application Amount | $7,040,000 |
| Average Mortgage Loan Application Amount | $110,000 |
| Highest Mortgage Loan Application Amount | $445,000 |
| Average Applicant Income | $70,812 |
| Highest Applicant Income | $173,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Telco Plus Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Longview, TX | 30 | $ 2,770,000 | $ 92,333 | $ 63,000 |
| Tyler, TX | 25 | $ 3,165,000 | $ 126,600 | $ 75,000 |
| Outside any metro area | 4 | $ 260,000 | $ 65,000 | $ 59,000 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 520,000 | $ 260,000 | $ 116,000 |
Mortgage Loan Application Detail Totals for Telco Plus Credit Union in 2020
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 | 33 | $3,345,000 | $101,000 | $245,000 | $69,000 | $157,000 |
| Home Purchase | 18 | $2,540,000 | $141,000 | $445,000 | $82,000 | $173,000 |
| Other Purpose | 11 | $825,000 | $75,000 | $165,000 | $65,000 | $155,000 |
| Cash-out Refinancing | 2 | $330,000 | $165,000 | $195,000 | $32,000 | $48,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 37 | $4,185,000 | $113,000 | $445,000 | $71,000 | $163,000 |
| Black or African American | 22 | $2,260,000 | $102,000 | $195,000 | $72,000 | $173,000 |
| Hispanic | 5 | $595,000 | $119,000 | $225,000 | $63,000 | $123,000 |
| 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) | 64 | $7,040,000 | $110,000 | $445,000 | $71,000 | $173,000 |
| 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 | 42 | $4,490,000 | $106,000 | $445,000 | $79,000 | $163,000 |
| Application Withdrawn By Applicant | 10 | $1,100,000 | $110,000 | $195,000 | $47,000 | $87,000 |
| Application Denied By Financial Institution | 8 | $890,000 | $111,000 | $225,000 | $52,000 | $123,000 |
| File Closed For Incompleteness | 3 | $395,000 | $131,000 | $245,000 | $55,000 | $76,000 |
| Preapproval Denied by Financial Institution | 1 | $165,000 | $165,000 | $165,000 | $173,000 | $173,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 55 | $5,985,000 | $108,000 | $445,000 | $72,000 | $163,000 |
| Credit History | 4 | $480,000 | $120,000 | $225,000 | $82,000 | $123,000 |
| Debt-To-Income Ratio | 3 | $245,000 | $81,000 | $165,000 | $65,000 | $173,000 |
| Employment History | 1 | $135,000 | $135,000 | $135,000 | $48,000 | $48,000 |
| Credit Application Incomplete | 1 | $195,000 | $195,000 | $195,000 | $17,000 | $17,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Telco Plus Credit Union's 2020 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 Telco Plus 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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with aggregated HMDA statistics today.
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