Tower Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2005
Tower Federal Credit Union 2005 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 | 1,090 |
| Total Mortgage Loan Application Amount | $219,468,000 |
| Average Mortgage Loan Application Amount | $173,280 |
| Highest Mortgage Loan Application Amount | $716,000 |
| Average Applicant Income | $95,754 |
| Highest Applicant Income | $1,440,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2005 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 2005 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 2005.
| 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 | 381 | $ 78,823,000 | $ 206,000 | $ 114,000 |
| Howard County Maryland | 188 | $ 40,762,000 | $ 216,000 | $ 120,000 |
| Baltimore County Maryland | 78 | $ 11,430,000 | $ 146,000 | $ 89,000 |
| Prince George's County Maryland | 78 | $ 15,805,000 | $ 202,000 | $ 91,000 |
| Carroll County Maryland | 60 | $ 13,107,000 | $ 218,000 | $ 117,000 |
| Montgomery County Maryland | 31 | $ 7,340,000 | $ 236,000 | $ 105,000 |
| Baltimore City County Maryland | 28 | $ 3,349,000 | $ 119,000 | $ 122,000 |
| Queen Anne's County Maryland | 12 | $ 3,005,000 | $ 250,000 | $ 97,000 |
| Frederick County Maryland | 11 | $ 2,577,000 | $ 234,000 | $ 104,000 |
| York County Pennsylvania | 9 | $ 1,889,000 | $ 209,000 | $ 90,000 |
| Harford County Maryland | 8 | $ 1,276,000 | $ 159,000 | $ 84,000 |
| Worcester County Maryland | 8 | $ 1,304,000 | $ 163,000 | $ 137,000 |
| Caroline County Maryland | 7 | $ 593,000 | $ 84,000 | $ 83,000 |
| Loudoun County Virginia | 6 | $ 1,608,000 | $ 268,000 | $ 99,000 |
| Sussex County Delaware | 5 | $ 868,000 | $ 173,000 | $ 106,000 |
| Columbia County Georgia | 5 | $ 945,000 | $ 189,000 | $ 123,000 |
| Calvert County Maryland | 5 | $ 1,482,000 | $ 296,000 | $ 98,000 |
| Fairfax County Virginia | 5 | $ 962,000 | $ 192,000 | $ 66,000 |
| Prince William County Virginia | 5 | $ 1,216,000 | $ 243,000 | $ 122,000 |
| District of Columbia County District Of Columbia | 4 | $ 653,000 | $ 163,000 | $ 79,000 |
| Adams County Pennsylvania | 4 | $ 348,000 | $ 87,000 | $ 86,000 |
| Horry County South Carolina | 4 | $ 589,000 | $ 147,000 | $ 102,000 |
| Bexar County Texas | 4 | $ 837,000 | $ 209,000 | $ 114,000 |
| Alexandria County Virginia | 4 | $ 837,000 | $ 209,000 | $ 106,000 |
| Hillsborough County Florida | 3 | $ 938,000 | $ 312,000 | $ 148,000 |
| Palm Beach County Florida | 3 | $ 462,000 | $ 154,000 | $ 47,000 |
| St. Johns County Florida | 3 | $ 575,000 | $ 191,000 | $ 218,000 |
| Honolulu County Hawaii | 3 | $ 1,371,000 | $ 457,000 | $ 111,000 |
| Charles County Maryland | 3 | $ 800,000 | $ 266,000 | $ 100,000 |
| Wicomico County Maryland | 3 | $ 253,000 | $ 84,000 | $ 72,000 |
| Arapahoe County Colorado | 2 | $ 420,000 | $ 210,000 | $ 191,000 |
| Douglas County Colorado | 2 | $ 629,000 | $ 314,000 | $ 110,000 |
| Citrus County Florida | 2 | $ 262,000 | $ 131,000 | $ 55,000 |
| Highlands County Florida | 2 | $ 790,000 | $ 395,000 | $ 191,000 |
| Manatee County Florida | 2 | $ 625,000 | $ 312,000 | $ 125,000 |
| Marion County Florida | 2 | $ 254,000 | $ 127,000 | $ 81,000 |
| Hamilton County Indiana | 2 | $ 343,000 | $ 171,000 | $ 48,000 |
| Bracken County Kentucky | 2 | $ 257,000 | $ 128,000 | $ 151,000 |
| Garrett County Maryland | 2 | $ 435,000 | $ 217,000 | $ 134,000 |
| St. Mary's County Maryland | 2 | $ 320,000 | $ 160,000 | $ 50,000 |
| Onondaga County New York | 2 | $ 141,000 | $ 70,000 | $ 99,000 |
| Craven County North Carolina | 2 | $ 200,000 | $ 100,000 | $ 82,000 |
| Franklin County Pennsylvania | 2 | $ 282,000 | $ 141,000 | $ 46,000 |
| Medina County Texas | 2 | $ 415,000 | $ 207,000 | $ 124,000 |
| Arlington County Virginia | 2 | $ 675,000 | $ 337,000 | $ 141,000 |
| Norfolk County Virginia | 2 | $ 847,000 | $ 423,000 | $ 167,000 |
| Orange County Virginia | 2 | $ 425,000 | $ 212,000 | $ 99,000 |
| Yakima County Washington | 2 | $ 272,000 | $ 136,000 | $ 78,000 |
| Talladega County Alabama | 1 | $ 14,000 | $ 14,000 | $ 100,000 |
| Cochise County Arizona | 1 | $ 188,000 | $ 188,000 | $ 50,000 |
| Maricopa County Arizona | 1 | $ 98,000 | $ 98,000 | $ 51,000 |
| Pinal County Arizona | 1 | $ 148,000 | $ 148,000 | $ 152,000 |
| Kern County California | 1 | $ 173,000 | $ 173,000 | $ 83,000 |
| Napa County California | 1 | $ 307,000 | $ 307,000 | $ 93,000 |
| San Bernardino County California | 1 | $ 482,000 | $ 482,000 | $ 161,000 |
| Sonoma County California | 1 | $ 528,000 | $ 528,000 | $ 193,000 |
| Broomfield County Colorado | 1 | $ 170,000 | $ 170,000 | $ 106,000 |
| Denver County Colorado | 1 | $ 440,000 | $ 440,000 | $ 204,000 |
| Elbert County Colorado | 1 | $ 200,000 | $ 200,000 | $ 155,000 |
| Jefferson County Colorado | 1 | $ 200,000 | $ 200,000 | $ 75,000 |
| Summit County Colorado | 1 | $ 99,000 | $ 99,000 | $ 100,000 |
| Litchfield County Connecticut | 1 | $ 65,000 | $ 65,000 | $ 66,000 |
| New Castle County Delaware | 1 | $ 250,000 | $ 250,000 | $ 87,000 |
| Charlotte County Florida | 1 | $ 140,000 | $ 140,000 | $ 205,000 |
| Duval County Florida | 1 | $ 124,000 | $ 124,000 | $ 50,000 |
| Flagler County Florida | 1 | $ 242,000 | $ 242,000 | $ 81,000 |
| Orange County Florida | 1 | $ 212,000 | $ 212,000 | $ 259,000 |
| Osceola County Florida | 1 | $ 360,000 | $ 360,000 | $ 59,000 |
| Pasco County Florida | 1 | $ 3,000 | $ 3,000 | $ 92,000 |
| Polk County Florida | 1 | $ 148,000 | $ 148,000 | $ 54,000 |
| Sarasota County Florida | 1 | $ 200,000 | $ 200,000 | $ 135,000 |
| Seminole County Florida | 1 | $ 90,000 | $ 90,000 | $ 35,000 |
| Sumter County Florida | 1 | $ 466,000 | $ 466,000 | $ 228,000 |
| Henry County Georgia | 1 | $ 76,000 | $ 76,000 | $ 67,000 |
| Marion County Indiana | 1 | $ 59,000 | $ 59,000 | $ 118,000 |
| Kennebec County Maine | 1 | $ 179,000 | $ 179,000 | $ 83,000 |
| Cecil County Maryland | 1 | $ 170,000 | $ 170,000 | $ 126,000 |
| Talbot County Maryland | 1 | $ 167,000 | $ 167,000 | $ 75,000 |
| Barnstable County Massachusetts | 1 | $ 405,000 | $ 405,000 | $ 277,000 |
| Plymouth County Massachusetts | 1 | $ 440,000 | $ 440,000 | $ 65,000 |
| Oakland County Michigan | 1 | $ 281,000 | $ 281,000 | $ 124,000 |
| Ramsey County Minnesota | 1 | $ 155,000 | $ 155,000 | $ 70,000 |
| St. Louis County Minnesota | 1 | $ 243,000 | $ 243,000 | $ 74,000 |
| Howard County Nebraska | 1 | $ 49,000 | $ 49,000 | $ 147,000 |
| Sarpy County Nebraska | 1 | $ 148,000 | $ 148,000 | $ 57,000 |
| Camden County New Jersey | 1 | $ 201,000 | $ 201,000 | $ 46,000 |
| Dona Ana County New Mexico | 1 | $ 32,000 | $ 32,000 | $ 113,000 |
| Santa Fe County New Mexico | 1 | $ 107,000 | $ 107,000 | $ 54,000 |
| Taos County New Mexico | 1 | $ 350,000 | $ 350,000 | $ 128,000 |
| Suffolk County New York | 1 | $ 172,000 | $ 172,000 | $ 36,000 |
| Chatham County North Carolina | 1 | $ 284,000 | $ 284,000 | $ 122,000 |
| Columbus County North Carolina | 1 | $ 150,000 | $ 150,000 | $ 42,000 |
| Guilford County North Carolina | 1 | $ 70,000 | $ 70,000 | $ 25,000 |
| Johnston County North Carolina | 1 | $ 220,000 | $ 220,000 | $ 71,000 |
| Orange County North Carolina | 1 | $ 624,000 | $ 624,000 | $ 465,000 |
| Wake County North Carolina | 1 | $ 1,000 | $ 1,000 | $ 44,000 |
| Watauga County North Carolina | 1 | $ 88,000 | $ 88,000 | $ 40,000 |
| Monroe County Ohio | 1 | $ 30,000 | $ 30,000 | $ 87,000 |
| Clackamas County Oregon | 1 | $ 202,000 | $ 202,000 | $ 68,000 |
| Blair County Pennsylvania | 1 | $ 100,000 | $ 100,000 | $ 55,000 |
| Carbon County Pennsylvania | 1 | $ 180,000 | $ 180,000 | $ 56,000 |
| Dauphin County Pennsylvania | 1 | $ 5,000 | $ 5,000 | $ 58,000 |
| Indiana County Pennsylvania | 1 | $ 120,000 | $ 120,000 | $ 106,000 |
| Lancaster County Pennsylvania | 1 | $ 238,000 | $ 238,000 | $ 118,000 |
| Somerset County Pennsylvania | 1 | $ 225,000 | $ 225,000 | $ 194,000 |
| Washington County Pennsylvania | 1 | $ 92,000 | $ 92,000 | $ 117,000 |
| Georgetown County South Carolina | 1 | $ 425,000 | $ 425,000 | $ 92,000 |
| Davidson County Tennessee | 1 | $ 68,000 | $ 68,000 | $ 69,000 |
| Sumner County Tennessee | 1 | $ 192,000 | $ 192,000 | $ 59,000 |
| Cameron County Texas | 1 | $ 272,000 | $ 272,000 | $ 175,000 |
| Dallas County Texas | 1 | $ 148,000 | $ 148,000 | $ 68,000 |
| Guadalupe County Texas | 1 | $ 53,000 | $ 53,000 | $ 90,000 |
| Harris County Texas | 1 | $ 77,000 | $ 77,000 | $ 64,000 |
| Hunt County Texas | 1 | $ 4,000 | $ 4,000 | $ 41,000 |
| Montgomery County Texas | 1 | $ 99,000 | $ 99,000 | $ 167,000 |
| Albemarle County Virginia | 1 | $ 179,000 | $ 179,000 | $ 58,000 |
| Chesterfield County Virginia | 1 | $ 143,000 | $ 143,000 | $ 74,000 |
| Falls Church County Virginia | 1 | $ 202,000 | $ 202,000 | $ 121,000 |
| Fauquier County Virginia | 1 | $ 174,000 | $ 174,000 | $ 100,000 |
| Hampton County Virginia | 1 | $ 5,000 | $ 5,000 | $ 32,000 |
| Henrico County Virginia | 1 | $ 169,000 | $ 169,000 | $ 45,000 |
| Lunenburg County Virginia | 1 | $ 87,000 | $ 87,000 | $ 36,000 |
| Spotsylvania County Virginia | 1 | $ 40,000 | $ 40,000 | $ 69,000 |
| Winchester County Virginia | 1 | $ 355,000 | $ 355,000 | $ 233,000 |
| York County Virginia | 1 | $ 133,000 | $ 133,000 | $ 38,000 |
| King County Washington | 1 | $ 465,000 | $ 465,000 | $ 164,000 |
| Pierce County Washington | 1 | $ 178,000 | $ 178,000 | $ 154,000 |
| Skagit County Washington | 1 | $ 100,000 | $ 100,000 | $ 118,000 |
| Snohomish County Washington | 1 | $ 400,000 | $ 400,000 | $ 129,000 |
| Jefferson County West Virginia | 1 | $ 125,000 | $ 125,000 | $ 39,000 |
| Morgan County West Virginia | 1 | $ 189,000 | $ 189,000 | $ 75,000 |
| Preston County West Virginia | 1 | $ 140,000 | $ 140,000 | $ 50,000 |
| Douglas County Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 124,000 |
| Park County Wyoming | 1 | $ 115,000 | $ 115,000 | $ 56,000 |
Mortgage Loan Application Detail Totals for Tower Federal Credit Union in 2005
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 | 790 | $162,292,000 | $163,083 | $716,000 | $89,208 | $1,440,000 |
| Home Purchase | 232 | $54,142,000 | $208,750 | $636,000 | $104,392 | $1,369,000 |
| Home Improvement | 68 | $3,034,000 | $23,600 | $287,000 | $78,800 | $227,000 |
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 | 639 | $130,474,000 | $194,214 | $716,000 | $104,392 | $463,000 |
| Not Provided | 311 | $58,591,000 | $174,550 | $532,000 | $91,050 | $1,369,000 |
| Black or African American | 101 | $21,541,000 | $158,300 | $675,000 | $76,800 | $1,440,000 |
| Asian | 20 | $5,653,000 | $357,800 | $624,000 | $192,000 | $465,000 |
| Hispanic | 11 | $2,161,000 | $192,000 | $371,000 | $80,500 | $165,000 |
| American Indian or Alaskan Native | 7 | $886,000 | $105,000 | $275,000 | $71,000 | $115,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $162,000 | $162,000 | $162,000 | $66,000 | $66,000 |
| 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) | 1,088 | $218,974,000 | $183,272 | $716,000 | $97,303 | $1,440,000 |
| VA-guaranteed (Veterans Administration) | 2 | $494,000 | $247,000 | $305,000 | $63,000 | $64,000 |
| 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 | 973 | $193,988,000 | $186,500 | $716,000 | $101,156 | $1,369,000 |
| Application Withdrawn By Applicant | 88 | $19,536,000 | $204,818 | $507,000 | $100,818 | $960,000 |
| Application Denied By Financial Institution | 18 | $3,209,000 | $113,000 | $420,000 | $65,000 | $1,440,000 |
| Application Approved But Not Accepted | 11 | $2,735,000 | $213,000 | $350,000 | $62,500 | $199,000 |
| 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 | $145,000 | $145,000 | $145,000 | $86,000 | $86,000 |
| Employment History | 1 | $130,000 | $130,000 | $130,000 | $56,000 | $56,000 |
| Other | 1 | $178,000 | $178,000 | $178,000 | $82,000 | $82,000 |
| 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 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tower Federal Credit Union's 2005 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.