Tower Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2003
Tower Federal Credit Union 2003 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Tower Federal Credit Union 7901 Sandy Spring Road Laurel, MD 20707 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,458 |
| Total Mortgage Loan Application Amount | $179,110,000 |
| Average Mortgage Loan Application Amount | $148,679 |
| Highest Mortgage Loan Application Amount | $596,000 |
| Average Applicant Income | $97,886 |
| Highest Applicant Income | $411,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2003 with Tower Federal Credit Union. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Tower Federal Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2003 breaks down Tower Federal Credit Union's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Tower Federal Credit Union serves its applicants.
Each category highlights the total number of mortgage applications processed by Tower Federal Credit Union, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Tower Federal Credit Union's mortgage activity for 2003.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Anne Arundel County Maryland | 563 | $ 62,013,000 | $ 110,000 | $ 96,000 |
| Howard County Maryland | 297 | $ 41,496,000 | $ 139,000 | $ 116,000 |
| Carroll County Maryland | 97 | $ 11,389,000 | $ 117,000 | $ 118,000 |
| Prince George's County Maryland | 94 | $ 11,324,000 | $ 120,000 | $ 91,000 |
| Baltimore County Maryland | 75 | $ 7,641,000 | $ 101,000 | $ 87,000 |
| Montgomery County Maryland | 49 | $ 8,311,000 | $ 169,000 | $ 102,000 |
| Baltimore City County Maryland | 29 | $ 2,669,000 | $ 92,000 | $ 79,000 |
| Frederick County Maryland | 16 | $ 2,586,000 | $ 161,000 | $ 103,000 |
| Queen Anne's County Maryland | 16 | $ 1,234,000 | $ 77,000 | $ 93,000 |
| York County Pennsylvania | 13 | $ 1,329,000 | $ 102,000 | $ 81,000 |
| Fairfax County Virginia | 11 | $ 2,666,000 | $ 242,000 | $ 139,000 |
| District of Columbia County District Of Columbia | 9 | $ 1,556,000 | $ 172,000 | $ 98,000 |
| Calvert County Maryland | 9 | $ 979,000 | $ 108,000 | $ 119,000 |
| Harford County Maryland | 9 | $ 562,000 | $ 62,000 | $ 100,000 |
| Worcester County Maryland | 9 | $ 861,000 | $ 95,000 | $ 149,000 |
| Loudoun County Virginia | 8 | $ 1,572,000 | $ 196,000 | $ 152,000 |
| Sussex County Delaware | 7 | $ 1,073,000 | $ 153,000 | $ 145,000 |
| Prince William County Virginia | 6 | $ 779,000 | $ 129,000 | $ 99,000 |
| Arlington County Virginia | 5 | $ 921,000 | $ 184,000 | $ 131,000 |
| Charles County Maryland | 4 | $ 689,000 | $ 172,000 | $ 88,000 |
| St. Mary's County Maryland | 4 | $ 558,000 | $ 139,000 | $ 125,000 |
| Bernalillo County New Mexico | 4 | $ 401,000 | $ 100,000 | $ 64,000 |
| Adams County Pennsylvania | 4 | $ 303,000 | $ 75,000 | $ 77,000 |
| Talbot County Maryland | 3 | $ 429,000 | $ 143,000 | $ 55,000 |
| Madison County Alabama | 2 | $ 210,000 | $ 105,000 | $ 121,000 |
| Kent County Delaware | 2 | $ 65,000 | $ 32,000 | $ 87,000 |
| New Castle County Delaware | 2 | $ 284,000 | $ 142,000 | $ 67,000 |
| Broward County Florida | 2 | $ 337,000 | $ 168,000 | $ 108,000 |
| Citrus County Florida | 2 | $ 240,000 | $ 120,000 | $ 58,000 |
| Honolulu County Hawaii | 2 | $ 370,000 | $ 185,000 | $ 137,000 |
| Caroline County Maryland | 2 | $ 376,000 | $ 188,000 | $ 163,000 |
| Cecil County Maryland | 2 | $ 355,000 | $ 177,000 | $ 130,000 |
| Washington County Maryland | 2 | $ 232,000 | $ 116,000 | $ 84,000 |
| Wicomico County Maryland | 2 | $ 129,000 | $ 64,000 | $ 63,000 |
| Hamilton County Ohio | 2 | $ 174,000 | $ 87,000 | $ 80,000 |
| Franklin County Pennsylvania | 2 | $ 152,000 | $ 76,000 | $ 126,000 |
| Charleston County South Carolina | 2 | $ 290,000 | $ 145,000 | $ 110,000 |
| Horry County South Carolina | 2 | $ 252,000 | $ 126,000 | $ 109,000 |
| Bexar County Texas | 2 | $ 354,000 | $ 177,000 | $ 108,000 |
| Amherst County Virginia | 2 | $ 144,000 | $ 72,000 | $ 93,000 |
| Spotsylvania County Virginia | 2 | $ 80,000 | $ 40,000 | $ 153,000 |
| Yakima County Washington | 2 | $ 212,000 | $ 106,000 | $ 127,000 |
| Jefferson County West Virginia | 2 | $ 325,000 | $ 162,000 | $ 96,000 |
| Maricopa County Arizona | 1 | $ 178,000 | $ 178,000 | $ 104,000 |
| Los Angeles County California | 1 | $ 245,000 | $ 245,000 | $ 112,000 |
| Adams County Colorado | 1 | $ 297,000 | $ 297,000 | $ 87,000 |
| Arapahoe County Colorado | 1 | $ 104,000 | $ 104,000 | $ 102,000 |
| Hartford County Connecticut | 1 | $ 177,000 | $ 177,000 | $ 53,000 |
| Alachua County Florida | 1 | $ 160,000 | $ 160,000 | $ 50,000 |
| Brevard County Florida | 1 | $ 121,000 | $ 121,000 | $ 81,000 |
| Hernando County Florida | 1 | $ 92,000 | $ 92,000 | $ 85,000 |
| Hillsborough County Florida | 1 | $ 109,000 | $ 109,000 | $ 90,000 |
| Indian River County Florida | 1 | $ 61,000 | $ 61,000 | $ 90,000 |
| Lee County Florida | 1 | $ 91,000 | $ 91,000 | $ 163,000 |
| Marion County Florida | 1 | $ 90,000 | $ 90,000 | $ 58,000 |
| Miami-Dade County Florida | 1 | $ 275,000 | $ 275,000 | $ 274,000 |
| Osceola County Florida | 1 | $ 140,000 | $ 140,000 | $ 84,000 |
| Pinellas County Florida | 1 | $ 125,000 | $ 125,000 | $ 44,000 |
| Santa Rosa County Florida | 1 | $ 87,000 | $ 87,000 | $ 56,000 |
| Sarasota County Florida | 1 | $ 70,000 | $ 70,000 | $ 55,000 |
| DeKalb County Georgia | 1 | $ 235,000 | $ 235,000 | $ 73,000 |
| Fulton County Georgia | 1 | $ 221,000 | $ 221,000 | $ 225,000 |
| Glynn County Georgia | 1 | $ 63,000 | $ 63,000 | $ 56,000 |
| Gwinnett County Georgia | 1 | $ 109,000 | $ 109,000 | $ 44,000 |
| Kauai County Hawaii | 1 | $ 149,000 | $ 149,000 | $ 67,000 |
| Cook County Illinois | 1 | $ 214,000 | $ 214,000 | $ 97,000 |
| LaSalle County Illinois | 1 | $ 104,000 | $ 104,000 | $ 52,000 |
| Richland County Illinois | 1 | $ 94,000 | $ 94,000 | $ 49,000 |
| St. Clair County Illinois | 1 | $ 98,000 | $ 98,000 | $ 80,000 |
| Linn County Iowa | 1 | $ 126,000 | $ 126,000 | $ 60,000 |
| Johnson County Kansas | 1 | $ 225,000 | $ 225,000 | $ 90,000 |
| Lyon County Kentucky | 1 | $ 67,000 | $ 67,000 | $ 220,000 |
| Garrett County Maryland | 1 | $ 150,000 | $ 150,000 | $ 40,000 |
| Kent County Maryland | 1 | $ 115,000 | $ 115,000 | $ 107,000 |
| Norfolk County Massachusetts | 1 | $ 596,000 | $ 596,000 | $ 180,000 |
| Suffolk County Massachusetts | 1 | $ 280,000 | $ 280,000 | $ 78,000 |
| Scott County Minnesota | 1 | $ 164,000 | $ 164,000 | $ 83,000 |
| Ravalli County Montana | 1 | $ 44,000 | $ 44,000 | $ 50,000 |
| Hillsborough County New Hampshire | 1 | $ 165,000 | $ 165,000 | $ 123,000 |
| Middlesex County New Jersey | 1 | $ 36,000 | $ 36,000 | $ 34,000 |
| Union County New Jersey | 1 | $ 239,000 | $ 239,000 | $ 125,000 |
| Monroe County New York | 1 | $ 322,000 | $ 322,000 | $ 98,000 |
| Orange County New York | 1 | $ 103,000 | $ 103,000 | $ 90,000 |
| Carteret County North Carolina | 1 | $ 58,000 | $ 58,000 | $ 18,000 |
| New Hanover County North Carolina | 1 | $ 196,000 | $ 196,000 | $ 48,000 |
| Orange County North Carolina | 1 | $ 168,000 | $ 168,000 | $ 129,000 |
| Rowan County North Carolina | 1 | $ 60,000 | $ 60,000 | $ 52,000 |
| Miami County Ohio | 1 | $ 145,000 | $ 145,000 | $ 90,000 |
| Monroe County Ohio | 1 | $ 34,000 | $ 34,000 | $ 79,000 |
| Wood County Ohio | 1 | $ 142,000 | $ 142,000 | $ 73,000 |
| Bedford County Pennsylvania | 1 | $ 75,000 | $ 75,000 | $ 88,000 |
| Berks County Pennsylvania | 1 | $ 113,000 | $ 113,000 | $ 70,000 |
| Blair County Pennsylvania | 1 | $ 128,000 | $ 128,000 | $ 77,000 |
| Butler County Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 71,000 |
| Delaware County Pennsylvania | 1 | $ 126,000 | $ 126,000 | $ 123,000 |
| Lancaster County Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 27,000 |
| Luzerne County Pennsylvania | 1 | $ 232,000 | $ 232,000 | $ 94,000 |
| Philadelphia County Pennsylvania | 1 | $ 166,000 | $ 166,000 | $ 39,000 |
| Pike County Pennsylvania | 1 | $ 100,000 | $ 100,000 | $ 52,000 |
| Kershaw County South Carolina | 1 | $ 66,000 | $ 66,000 | $ 29,000 |
| Orangeburg County South Carolina | 1 | $ 176,000 | $ 176,000 | $ 95,000 |
| Minnehaha County South Dakota | 1 | $ 161,000 | $ 161,000 | $ 153,000 |
| DeKalb County Tennessee | 1 | $ 95,000 | $ 95,000 | $ 47,000 |
| Denton County Texas | 1 | $ 111,000 | $ 111,000 | $ 84,000 |
| Harrison County Texas | 1 | $ 33,000 | $ 33,000 | $ 28,000 |
| Montgomery County Texas | 1 | $ 100,000 | $ 100,000 | $ 228,000 |
| Travis County Texas | 1 | $ 449,000 | $ 449,000 | $ 165,000 |
| Salt Lake County Utah | 1 | $ 205,000 | $ 205,000 | $ 125,000 |
| Alexandria County Virginia | 1 | $ 239,000 | $ 239,000 | $ 98,000 |
| Franklin County Virginia | 1 | $ 62,000 | $ 62,000 | $ 108,000 |
| Harrisonburg County Virginia | 1 | $ 141,000 | $ 141,000 | $ 87,000 |
| Manassas County Virginia | 1 | $ 113,000 | $ 113,000 | $ 91,000 |
| Montgomery County Virginia | 1 | $ 30,000 | $ 30,000 | $ 125,000 |
| Northampton County Virginia | 1 | $ 87,000 | $ 87,000 | $ 74,000 |
| Rappahannock County Virginia | 1 | $ 64,000 | $ 64,000 | $ 51,000 |
| Roanoke County Virginia | 1 | $ 32,000 | $ 32,000 | $ 40,000 |
| Rockingham County Virginia | 1 | $ 145,000 | $ 145,000 | $ 112,000 |
| Shenandoah County Virginia | 1 | $ 77,000 | $ 77,000 | $ 22,000 |
| Stafford County Virginia | 1 | $ 192,000 | $ 192,000 | $ 98,000 |
| Berkeley County West Virginia | 1 | $ 38,000 | $ 38,000 | $ 140,000 |
| Cabell County West Virginia | 1 | $ 66,000 | $ 66,000 | $ 60,000 |
| Grant County West Virginia | 1 | $ 172,000 | $ 172,000 | $ 97,000 |
Mortgage Loan Application Detail Totals for Tower Federal Credit Union in 2003
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 (home purchase or home improvement, one-to-four family) | 1,119 | $147,662,000 | $148,840 | $596,000 | $95,640 | $302,000 |
| Home Improvement (one-to-four family) | 207 | $5,278,000 | $20,200 | $75,000 | $114,800 | $300,000 |
| Home Purchase (one-to-four family) | 132 | $26,170,000 | $176,434 | $535,000 | $96,652 | $411,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 846 | $119,569,000 | $145,000 | $535,000 | $96,466 | $411,000 |
| Information not provided by applicant in mail or telephone application | 506 | $41,786,000 | $112,692 | $438,000 | $97,230 | $273,000 |
| Black | 52 | $8,298,000 | $169,666 | $390,000 | $141,666 | $270,000 |
| Asian or Pacific Islander | 32 | $6,637,000 | $262,800 | $596,000 | $105,200 | $266,000 |
| Hispanic | 11 | $1,461,000 | $151,750 | $214,000 | $111,750 | $294,000 |
| Other | 7 | $890,000 | $98,666 | $239,000 | $61,000 | $201,000 |
| American Indian or Alaskan Native | 4 | $469,000 | $117,000 | $173,000 | $88,000 | $188,000 |
| 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) | 1,455 | $178,465,000 | $153,424 | $596,000 | $98,303 | $411,000 |
| VA-guaranteed (Veterans Administration) | 3 | $645,000 | $215,000 | $240,000 | $87,000 | $97,000 |
| 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 |
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 | 1,369 | $165,248,000 | $156,064 | $596,000 | $101,451 | $411,000 |
| Application Withdrawn By Applicant | 82 | $13,014,000 | $132,000 | $475,000 | $76,461 | $302,000 |
| Application Denied By Financial Institution | 6 | $716,000 | $122,500 | $275,000 | $67,000 | $156,000 |
| Application Approved But Not Accepted | 1 | $132,000 | $132,000 | $132,000 | $50,000 | $50,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | $128,000 | $128,000 | $128,000 | $48,000 | $48,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tower Federal Credit Union's 2003 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 Tower Federal 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 Maryland, download the full spreadsheet
with aggregated HMDA statistics today.