Tower Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2004
Tower Federal Credit Union 2004 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 | 1,529 |
| Total Mortgage Loan Application Amount | $213,850,000 |
| Average Mortgage Loan Application Amount | $166,762 |
| Highest Mortgage Loan Application Amount | $667,000 |
| Average Applicant Income | $113,033 |
| Highest Applicant Income | $1,660,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2004 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 2004 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 2004.
| 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 | 579 | $ 72,726,000 | $ 125,000 | $ 87,000 |
| Howard County Maryland | 264 | $ 42,615,000 | $ 161,000 | $ 101,000 |
| Baltimore County Maryland | 103 | $ 10,169,000 | $ 98,000 | $ 96,000 |
| Carroll County Maryland | 94 | $ 12,704,000 | $ 135,000 | $ 111,000 |
| Prince George's County Maryland | 94 | $ 11,650,000 | $ 123,000 | $ 97,000 |
| Montgomery County Maryland | 45 | $ 8,905,000 | $ 197,000 | $ 104,000 |
| Baltimore City County Maryland | 44 | $ 4,461,000 | $ 101,000 | $ 68,000 |
| Frederick County Maryland | 23 | $ 3,770,000 | $ 163,000 | $ 95,000 |
| York County Pennsylvania | 18 | $ 2,205,000 | $ 122,000 | $ 94,000 |
| Harford County Maryland | 17 | $ 1,989,000 | $ 117,000 | $ 93,000 |
| Queen Anne's County Maryland | 15 | $ 2,923,000 | $ 194,000 | $ 117,000 |
| Sussex County Delaware | 11 | $ 2,238,000 | $ 203,000 | $ 143,000 |
| District of Columbia County District Of Columbia | 9 | $ 1,991,000 | $ 221,000 | $ 98,000 |
| Loudoun County Virginia | 9 | $ 1,837,000 | $ 204,000 | $ 106,000 |
| Fairfax County Virginia | 7 | $ 1,381,000 | $ 197,000 | $ 113,000 |
| Calvert County Maryland | 6 | $ 760,000 | $ 126,000 | $ 148,000 |
| Charles County Maryland | 6 | $ 688,000 | $ 114,000 | $ 92,000 |
| Franklin County Pennsylvania | 6 | $ 716,000 | $ 119,000 | $ 59,000 |
| Worcester County Maryland | 5 | $ 936,000 | $ 187,000 | $ 198,000 |
| Arapahoe County Colorado | 4 | $ 564,000 | $ 141,000 | $ 122,000 |
| Talbot County Maryland | 4 | $ 962,000 | $ 240,000 | $ 147,000 |
| Yakima County Washington | 4 | $ 651,000 | $ 162,000 | $ 94,000 |
| Honolulu County Hawaii | 3 | $ 695,000 | $ 231,000 | $ 151,000 |
| Caroline County Maryland | 3 | $ 294,000 | $ 98,000 | $ 94,000 |
| Cecil County Maryland | 3 | $ 424,000 | $ 141,000 | $ 84,000 |
| Washington County Maryland | 3 | $ 225,000 | $ 75,000 | $ 117,000 |
| Wicomico County Maryland | 3 | $ 298,000 | $ 99,000 | $ 43,000 |
| Arlington County Virginia | 3 | $ 1,002,000 | $ 334,000 | $ 103,000 |
| Spotsylvania County Virginia | 3 | $ 803,000 | $ 267,000 | $ 114,000 |
| Duval County Florida | 2 | $ 377,000 | $ 188,000 | $ 88,000 |
| Flagler County Florida | 2 | $ 261,000 | $ 130,000 | $ 78,000 |
| Hillsborough County Florida | 2 | $ 308,000 | $ 154,000 | $ 92,000 |
| Palm Beach County Florida | 2 | $ 400,000 | $ 200,000 | $ 205,000 |
| Sarasota County Florida | 2 | $ 463,000 | $ 231,000 | $ 102,000 |
| Seminole County Florida | 2 | $ 410,000 | $ 205,000 | $ 86,000 |
| Volusia County Florida | 2 | $ 311,000 | $ 155,000 | $ 150,000 |
| Columbia County Georgia | 2 | $ 330,000 | $ 165,000 | $ 111,000 |
| Dorchester County Maryland | 2 | $ 188,000 | $ 94,000 | $ 50,000 |
| Garrett County Maryland | 2 | $ 310,000 | $ 155,000 | $ 189,000 |
| Kent County Maryland | 2 | $ 125,000 | $ 62,000 | $ 52,000 |
| Brunswick County North Carolina | 2 | $ 263,000 | $ 131,000 | $ 166,000 |
| Durham County North Carolina | 2 | $ 272,000 | $ 136,000 | $ 96,000 |
| Halifax County North Carolina | 2 | $ 345,000 | $ 172,000 | $ 173,000 |
| Erie County Pennsylvania | 2 | $ 510,000 | $ 255,000 | $ 252,000 |
| Montgomery County Pennsylvania | 2 | $ 711,000 | $ 355,000 | $ 171,000 |
| Horry County South Carolina | 2 | $ 163,000 | $ 81,000 | $ 99,000 |
| Bexar County Texas | 2 | $ 203,000 | $ 101,000 | $ 88,000 |
| Travis County Texas | 2 | $ 359,000 | $ 179,000 | $ 105,000 |
| Prince William County Virginia | 2 | $ 627,000 | $ 313,000 | $ 101,000 |
| Stafford County Virginia | 2 | $ 323,000 | $ 161,000 | $ 107,000 |
| Berkeley County West Virginia | 2 | $ 323,000 | $ 161,000 | $ 75,000 |
| Hampshire County West Virginia | 2 | $ 205,000 | $ 102,000 | $ 58,000 |
| Baldwin County Alabama | 1 | $ 50,000 | $ 50,000 | $ 51,000 |
| Cochise County Arizona | 1 | $ 92,000 | $ 92,000 | $ 40,000 |
| Gila County Arizona | 1 | $ 105,000 | $ 105,000 | $ 77,000 |
| Maricopa County Arizona | 1 | $ 149,000 | $ 149,000 | $ 98,000 |
| Baxter County Arkansas | 1 | $ 40,000 | $ 40,000 | $ 46,000 |
| Drew County Arkansas | 1 | $ 48,000 | $ 48,000 | $ 91,000 |
| Garland County Arkansas | 1 | $ 33,000 | $ 33,000 | $ 82,000 |
| Pope County Arkansas | 1 | $ 57,000 | $ 57,000 | $ 44,000 |
| Alameda County California | 1 | $ 213,000 | $ 213,000 | $ 79,000 |
| Los Angeles County California | 1 | $ 220,000 | $ 220,000 | $ 90,000 |
| Riverside County California | 1 | $ 494,000 | $ 494,000 | $ 116,000 |
| San Bernardino County California | 1 | $ 135,000 | $ 135,000 | $ 86,000 |
| San Diego County California | 1 | $ 354,000 | $ 354,000 | $ 104,000 |
| San Mateo County California | 1 | $ 334,000 | $ 334,000 | $ 153,000 |
| Sonoma County California | 1 | $ 536,000 | $ 536,000 | $ 143,000 |
| Douglas County Colorado | 1 | $ 395,000 | $ 395,000 | $ 264,000 |
| Jefferson County Colorado | 1 | $ 320,000 | $ 320,000 | $ 149,000 |
| Kent County Delaware | 1 | $ 8,000 | $ 8,000 | $ 111,000 |
| New Castle County Delaware | 1 | $ 200,000 | $ 200,000 | $ 82,000 |
| Citrus County Florida | 1 | $ 117,000 | $ 117,000 | $ 60,000 |
| Miami-Dade County Florida | 1 | $ 224,000 | $ 224,000 | $ 69,000 |
| Okaloosa County Florida | 1 | $ 190,000 | $ 190,000 | $ 113,000 |
| Okeechobee County Florida | 1 | $ 116,000 | $ 116,000 | $ 107,000 |
| Orange County Florida | 1 | $ 242,000 | $ 242,000 | $ 74,000 |
| St. Lucie County Florida | 1 | $ 138,000 | $ 138,000 | $ 31,000 |
| Sumter County Florida | 1 | $ 40,000 | $ 40,000 | $ 53,000 |
| Washington County Florida | 1 | $ 100,000 | $ 100,000 | $ 124,000 |
| Carroll County Georgia | 1 | $ 78,000 | $ 78,000 | $ 54,000 |
| Cobb County Georgia | 1 | $ 184,000 | $ 184,000 | $ 76,000 |
| Fulton County Georgia | 1 | $ 465,000 | $ 465,000 | $ 110,000 |
| Richmond County Georgia | 1 | $ 61,000 | $ 61,000 | $ 96,000 |
| Ada County Idaho | 1 | $ 240,000 | $ 240,000 | $ 201,000 |
| Cook County Illinois | 1 | $ 288,000 | $ 288,000 | $ 91,000 |
| Floyd County Indiana | 1 | $ 214,000 | $ 214,000 | $ 151,000 |
| Cumberland County Maine | 1 | $ 600,000 | $ 600,000 | $ 420,000 |
| Hancock County Maine | 1 | $ 311,000 | $ 311,000 | $ 67,000 |
| York County Maine | 1 | $ 152,000 | $ 152,000 | $ 96,000 |
| Allegany County Maryland | 1 | $ 38,000 | $ 38,000 | $ 43,000 |
| St. Mary's County Maryland | 1 | $ 204,000 | $ 204,000 | $ 54,000 |
| Middlesex County Massachusetts | 1 | $ 215,000 | $ 215,000 | $ 28,000 |
| Washtenaw County Michigan | 1 | $ 133,000 | $ 133,000 | $ 63,000 |
| Wayne County Michigan | 1 | $ 154,000 | $ 154,000 | $ 94,000 |
| Oktibbeha County Mississippi | 1 | $ 135,000 | $ 135,000 | $ 130,000 |
| Cedar County Missouri | 1 | $ 36,000 | $ 36,000 | $ 39,000 |
| Hillsborough County New Hampshire | 1 | $ 92,000 | $ 92,000 | $ 114,000 |
| Burlington County New Jersey | 1 | $ 210,000 | $ 210,000 | $ 80,000 |
| Passaic County New Jersey | 1 | $ 275,000 | $ 275,000 | $ 103,000 |
| Kings County New York | 1 | $ 60,000 | $ 60,000 | $ 44,000 |
| Queens County New York | 1 | $ 112,000 | $ 112,000 | $ 69,000 |
| Westchester County New York | 1 | $ 667,000 | $ 667,000 | $ 285,000 |
| Forsyth County North Carolina | 1 | $ 266,000 | $ 266,000 | $ 108,000 |
| Guilford County North Carolina | 1 | $ 93,000 | $ 93,000 | $ 228,000 |
| Henderson County North Carolina | 1 | $ 90,000 | $ 90,000 | $ 79,000 |
| Johnston County North Carolina | 1 | $ 77,000 | $ 77,000 | $ 86,000 |
| Onslow County North Carolina | 1 | $ 88,000 | $ 88,000 | $ 25,000 |
| Pamlico County North Carolina | 1 | $ 205,000 | $ 205,000 | $ 169,000 |
| Transylvania County North Carolina | 1 | $ 122,000 | $ 122,000 | $ 104,000 |
| Wake County North Carolina | 1 | $ 1,000 | $ 1,000 | $ 55,000 |
| Adams County Ohio | 1 | $ 238,000 | $ 238,000 | $ 69,000 |
| Miami County Ohio | 1 | $ 130,000 | $ 130,000 | $ 110,000 |
| Summit County Ohio | 1 | $ 58,000 | $ 58,000 | $ 66,000 |
| Yamhill County Oregon | 1 | $ 88,000 | $ 88,000 | $ 99,000 |
| Adams County Pennsylvania | 1 | $ 9,000 | $ 9,000 | $ 68,000 |
| Blair County Pennsylvania | 1 | $ 356,000 | $ 356,000 | $ 121,000 |
| Bucks County Pennsylvania | 1 | $ 155,000 | $ 155,000 | $ 89,000 |
| Centre County Pennsylvania | 1 | $ 45,000 | $ 45,000 | $ 92,000 |
| Cumberland County Pennsylvania | 1 | $ 85,000 | $ 85,000 | $ 92,000 |
| Dauphin County Pennsylvania | 1 | $ 87,000 | $ 87,000 | $ 64,000 |
| Westmoreland County Pennsylvania | 1 | $ 89,000 | $ 89,000 | $ 49,000 |
| Cumberland County Tennessee | 1 | $ 100,000 | $ 100,000 | $ 62,000 |
| Smith County Tennessee | 1 | $ 48,000 | $ 48,000 | $ 105,000 |
| Cameron County Texas | 1 | $ 138,000 | $ 138,000 | $ 188,000 |
| Rockwall County Texas | 1 | $ 116,000 | $ 116,000 | $ 83,000 |
| Tarrant County Texas | 1 | $ 160,000 | $ 160,000 | $ 104,000 |
| Tom Green County Texas | 1 | $ 95,000 | $ 95,000 | $ 63,000 |
| Accomack County Virginia | 1 | $ 15,000 | $ 15,000 | $ 265,000 |
| Albemarle County Virginia | 1 | $ 120,000 | $ 120,000 | $ 52,000 |
| Alexandria County Virginia | 1 | $ 50,000 | $ 50,000 | $ 65,000 |
| Augusta County Virginia | 1 | $ 51,000 | $ 51,000 | $ 84,000 |
| Chesapeake County Virginia | 1 | $ 294,000 | $ 294,000 | $ 161,000 |
| Culpeper County Virginia | 1 | $ 187,000 | $ 187,000 | $ 87,000 |
| Falls Church County Virginia | 1 | $ 261,000 | $ 261,000 | $ 104,000 |
| Isle of Wight County Virginia | 1 | $ 170,000 | $ 170,000 | $ 118,000 |
| King George County Virginia | 1 | $ 275,000 | $ 275,000 | $ 92,000 |
| Northampton County Virginia | 1 | $ 109,000 | $ 109,000 | $ 100,000 |
| Richmond City County Virginia | 1 | $ 220,000 | $ 220,000 | $ 124,000 |
| Rockbridge County Virginia | 1 | $ 62,000 | $ 62,000 | $ 30,000 |
| Warren County Virginia | 1 | $ 55,000 | $ 55,000 | $ 121,000 |
| Clark County Washington | 1 | $ 55,000 | $ 55,000 | $ 70,000 |
| Jefferson County West Virginia | 1 | $ 171,000 | $ 171,000 | $ 89,000 |
| Morgan County West Virginia | 1 | $ 79,000 | $ 79,000 | $ 125,000 |
| Pendleton County West Virginia | 1 | $ 147,000 | $ 147,000 | $ 88,000 |
| Pleasants County West Virginia | 1 | $ 93,000 | $ 93,000 | $ 94,000 |
| Wood County West Virginia | 1 | $ 84,000 | $ 84,000 | $ 146,000 |
| Rock County Wisconsin | 1 | $ 170,000 | $ 170,000 | $ 470,000 |
Mortgage Loan Application Detail Totals for Tower Federal Credit Union in 2004
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 | 948 | $145,999,000 | $133,807 | $641,000 | $99,769 | $1,660,000 |
| Home Improvement | 322 | $9,593,000 | $29,142 | $168,000 | $118,857 | $280,000 |
| Home Purchase | 259 | $58,258,000 | $236,769 | $667,000 | $124,730 | $420,000 |
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 | 850 | $134,310,000 | $166,233 | $600,000 | $99,966 | $1,660,000 |
| Not Provided | 551 | $58,517,000 | $176,222 | $667,000 | $117,500 | $449,000 |
| Black or African American | 87 | $13,320,000 | $183,714 | $450,000 | $99,857 | $220,000 |
| Asian | 19 | $4,667,000 | $296,375 | $561,000 | $174,875 | $470,000 |
| American Indian or Alaskan Native | 12 | $1,389,000 | $115,000 | $300,000 | $79,000 | $247,000 |
| Hispanic | 10 | $1,647,000 | $142,000 | $415,000 | $84,666 | $179,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 1,522 | $212,729,000 | $167,787 | $667,000 | $115,606 | $1,660,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,121,000 | $160,000 | $240,000 | $73,000 | $119,000 |
| 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 | 1,434 | $197,144,000 | $164,333 | $667,000 | $115,363 | $1,660,000 |
| Application Withdrawn By Applicant | 75 | $12,424,000 | $174,500 | $600,000 | $120,416 | $420,000 |
| Application Denied By Financial Institution | 11 | $1,934,000 | $178,500 | $368,000 | $127,000 | $172,000 |
| Application Approved But Not Accepted | 9 | $2,348,000 | $311,333 | $450,000 | $88,333 | $107,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
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 | 1 | $182,000 | $182,000 | $182,000 | $172,000 | $172,000 |
| Mortgage Insurance Denied | 1 | $150,000 | $150,000 | $150,000 | $46,000 | $46,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tower Federal Credit Union's 2004 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.