Valor Credit Union Mortgage Lending & HMDA Data, 2012
In 2012, Valor Credit Union of Scranton, PA reported 527 mortgage applications totaling $54.9 million. The average application was for $104,127, and applicants reported an average income of $64,624. 35% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Scranton--Wilkes-Barre, PA (232), Newark-Union, NJ-PA (13) and Allentown-Bethlehem-Easton, PA-NJ (11) (applications in parentheses).
| Mortgage Company & Address | Valor Credit Union 315 Franklin Ave Scranton, PA 18503 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 527 |
| Total Mortgage Loan Application Amount | $54,875,000 |
| Average Mortgage Loan Application Amount | $104,127 |
| Highest Mortgage Loan Application Amount | $446,000 |
| Average Applicant Income | $64,624 |
| Highest Applicant Income | $441,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Valor Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lackawanna, Pennsylvania | 165 | $ 16,611,000 | $ 100,672 | $ 67,000 |
| Monroe, Pennsylvania | 83 | $ 9,897,000 | $ 119,240 | $ 77,000 |
| Luzerne, Pennsylvania | 65 | $ 6,081,000 | $ 93,553 | $ 65,000 |
| Wayne, Pennsylvania | 16 | $ 1,253,000 | $ 78,312 | $ 61,000 |
| Pike, Pennsylvania | 13 | $ 1,862,000 | $ 143,230 | $ 66,000 |
| Carbon, Pennsylvania | 6 | $ 533,000 | $ 88,833 | $ 62,000 |
| Lehigh, Pennsylvania | 3 | $ 385,000 | $ 128,333 | $ 83,000 |
| Northampton, Pennsylvania | 2 | $ 312,000 | $ 156,000 | $ 149,000 |
| Schuylkill, Pennsylvania | 2 | $ 202,000 | $ 101,000 | $ 77,000 |
| Wyoming, Pennsylvania | 2 | $ 166,000 | $ 83,000 | $ 38,000 |
| Kent, Delaware | 1 | $ 10,000 | $ 10,000 | $ 29,000 |
| Bergen, New Jersey | 1 | $ 131,000 | $ 131,000 | $ 36,000 |
| Ocean, New Jersey | 1 | $ 147,000 | $ 147,000 | $ 35,000 |
| Forsyth, North Carolina | 1 | $ 115,000 | $ 115,000 | $ 73,000 |
| Johnston, North Carolina | 1 | $ 118,000 | $ 118,000 | $ 45,000 |
| Berks, Pennsylvania | 1 | $ 40,000 | $ 40,000 | $ 12,000 |
| Bradford, Pennsylvania | 1 | $ 46,000 | $ 46,000 | $ 68,000 |
| Columbia, Pennsylvania | 1 | $ 130,000 | $ 130,000 | $ 131,000 |
| Montgomery, Pennsylvania | 1 | $ 170,000 | $ 170,000 | $ 51,000 |
| Tioga, Pennsylvania | 1 | $ 40,000 | $ 40,000 | $ 42,000 |
Mortgage Loan Application Detail Totals for Valor Credit Union in 2012
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 | 273 | $31,687,000 | $116,000 | $446,000 | $71,000 | $441,000 |
| Home Purchase | 205 | $20,934,000 | $102,000 | $300,000 | $57,000 | $163,000 |
| Home Improvement | 49 | $2,254,000 | $46,000 | $142,000 | $61,000 | $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 | 474 | $49,876,000 | $105,000 | $446,000 | $65,000 | $441,000 |
| Hispanic | 17 | $1,578,000 | $92,000 | $190,000 | $50,000 | $101,000 |
| Black or African American | 14 | $1,397,000 | $99,000 | $286,000 | $64,000 | $209,000 |
| Asian | 10 | $1,086,000 | $108,000 | $238,000 | $69,000 | $156,000 |
| Not Provided | 7 | $585,000 | $83,000 | $150,000 | $47,000 | $67,000 |
| American Indian or Alaskan Native | 3 | $260,000 | $86,000 | $119,000 | $88,000 | $94,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $93,000 | $46,000 | $85,000 | $67,000 | $72,000 |
| 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) | 494 | $51,182,000 | $103,000 | $446,000 | $65,000 | $441,000 |
| FHA-insured (Federal Housing Administration) | 30 | $3,224,000 | $107,000 | $244,000 | $58,000 | $125,000 |
| VA-guaranteed (Veterans Administration) | 3 | $469,000 | $156,000 | $205,000 | $77,000 | $126,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 183 | $16,447,000 | $89,000 | $345,000 | $64,000 | $441,000 |
| File Closed For Incompleteness | 160 | $20,075,000 | $125,000 | $413,000 | $76,000 | $359,000 |
| Application Denied By Financial Institution | 82 | $8,207,000 | $100,000 | $446,000 | $60,000 | $228,000 |
| Preapproval Denied by Financial Institution | 62 | $6,142,000 | $99,000 | $285,000 | $49,000 | $98,000 |
| Application Withdrawn By Applicant | 35 | $3,519,000 | $100,000 | $211,000 | $65,000 | $226,000 |
| Application Approved But Not Accepted | 3 | $280,000 | $93,000 | $98,000 | $61,000 | $96,000 |
| Preapproval Approved but not Accepted | 2 | $205,000 | $102,000 | $108,000 | $48,000 | $52,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 91 | $9,453,000 | $103,000 | $285,000 | $51,000 | $151,000 |
| Other | 23 | $1,443,000 | $62,000 | $162,000 | $56,000 | $140,000 |
| Debt-To-Income Ratio | 14 | $1,482,000 | $105,000 | $224,000 | $59,000 | $133,000 |
| Collateral | 8 | $1,050,000 | $131,000 | $286,000 | $78,000 | $209,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $76,000 | $76,000 | $76,000 | $25,000 | $25,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Valor Credit Union's 2012 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 Valor 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 Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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