Tower Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2007
Tower Federal Credit Union 2007 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 | 2,141 |
| Total Mortgage Loan Application Amount | $412,347,000 |
| Average Mortgage Loan Application Amount | $174,333 |
| Highest Mortgage Loan Application Amount | $834,000 |
| Average Applicant Income | $106,666 |
| Highest Applicant Income | $540,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2007 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 2007 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 2007.
| 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 | 748 | $ 145,602,000 | $ 194,000 | $ 107,000 |
| Howard County Maryland | 300 | $ 62,005,000 | $ 206,000 | $ 118,000 |
| Baltimore County Maryland | 192 | $ 32,190,000 | $ 167,000 | $ 91,000 |
| Prince George's County Maryland | 154 | $ 33,304,000 | $ 216,000 | $ 108,000 |
| Carroll County Maryland | 118 | $ 23,918,000 | $ 202,000 | $ 120,000 |
| Baltimore City County Maryland | 87 | $ 12,409,000 | $ 142,000 | $ 79,000 |
| Montgomery County Maryland | 45 | $ 11,551,000 | $ 256,000 | $ 129,000 |
| Harford County Maryland | 36 | $ 7,608,000 | $ 211,000 | $ 107,000 |
| York County Pennsylvania | 29 | $ 4,948,000 | $ 170,000 | $ 111,000 |
| Queen Anne's County Maryland | 26 | $ 4,859,000 | $ 186,000 | $ 107,000 |
| Frederick County Maryland | 25 | $ 6,358,000 | $ 254,000 | $ 118,000 |
| Fairfax County Virginia | 20 | $ 5,277,000 | $ 263,000 | $ 129,000 |
| Charles County Maryland | 16 | $ 3,182,000 | $ 198,000 | $ 103,000 |
| District of Columbia County District Of Columbia | 12 | $ 2,236,000 | $ 186,000 | $ 129,000 |
| Sussex County Delaware | 10 | $ 1,585,000 | $ 158,000 | $ 90,000 |
| Columbia County Georgia | 10 | $ 1,116,000 | $ 111,000 | $ 109,000 |
| Loudoun County Virginia | 10 | $ 3,309,000 | $ 330,000 | $ 108,000 |
| Adams County Pennsylvania | 9 | $ 1,133,000 | $ 125,000 | $ 99,000 |
| Calvert County Maryland | 8 | $ 1,231,000 | $ 153,000 | $ 126,000 |
| Cecil County Maryland | 8 | $ 1,596,000 | $ 199,000 | $ 99,000 |
| Wicomico County Maryland | 8 | $ 1,196,000 | $ 149,000 | $ 66,000 |
| Worcester County Maryland | 7 | $ 812,000 | $ 116,000 | $ 111,000 |
| Wake County North Carolina | 7 | $ 742,000 | $ 106,000 | $ 68,000 |
| Douglas County Colorado | 5 | $ 1,087,000 | $ 217,000 | $ 124,000 |
| Palm Beach County Florida | 5 | $ 1,197,000 | $ 239,000 | $ 112,000 |
| Caroline County Maryland | 5 | $ 855,000 | $ 171,000 | $ 73,000 |
| Maricopa County Arizona | 4 | $ 1,280,000 | $ 320,000 | $ 117,000 |
| Flagler County Florida | 4 | $ 473,000 | $ 118,000 | $ 78,000 |
| Hillsborough County Florida | 4 | $ 987,000 | $ 246,000 | $ 109,000 |
| Fulton County Georgia | 4 | $ 745,000 | $ 186,000 | $ 71,000 |
| Honolulu County Hawaii | 4 | $ 1,272,000 | $ 318,000 | $ 148,000 |
| Talbot County Maryland | 4 | $ 509,000 | $ 127,000 | $ 115,000 |
| Washington County Maryland | 4 | $ 597,000 | $ 149,000 | $ 79,000 |
| Monmouth County New Jersey | 4 | $ 827,000 | $ 206,000 | $ 106,000 |
| Jefferson County West Virginia | 4 | $ 624,000 | $ 156,000 | $ 118,000 |
| Morgan County West Virginia | 4 | $ 602,000 | $ 150,000 | $ 71,000 |
| Arapahoe County Colorado | 3 | $ 397,000 | $ 132,000 | $ 59,000 |
| Kent County Delaware | 3 | $ 544,000 | $ 181,000 | $ 69,000 |
| Dorchester County Maryland | 3 | $ 370,000 | $ 123,000 | $ 65,000 |
| Garrett County Maryland | 3 | $ 382,000 | $ 127,000 | $ 86,000 |
| Mecklenburg County North Carolina | 3 | $ 561,000 | $ 187,000 | $ 153,000 |
| New Hanover County North Carolina | 3 | $ 362,000 | $ 120,000 | $ 55,000 |
| Franklin County Ohio | 3 | $ 208,000 | $ 69,000 | $ 133,000 |
| Allegheny County Pennsylvania | 3 | $ 381,000 | $ 127,000 | $ 120,000 |
| Bexar County Texas | 3 | $ 519,000 | $ 173,000 | $ 71,000 |
| Chesterfield County Virginia | 3 | $ 761,000 | $ 253,000 | $ 107,000 |
| Stafford County Virginia | 3 | $ 858,000 | $ 286,000 | $ 122,000 |
| Summit County Colorado | 2 | $ 516,000 | $ 258,000 | $ 301,000 |
| Hartford County Connecticut | 2 | $ 582,000 | $ 291,000 | $ 122,000 |
| New Castle County Delaware | 2 | $ 67,000 | $ 33,000 | $ 56,000 |
| Broward County Florida | 2 | $ 128,000 | $ 64,000 | $ 57,000 |
| Escambia County Florida | 2 | $ 140,000 | $ 70,000 | $ 128,000 |
| Lake County Florida | 2 | $ 331,000 | $ 165,000 | $ 77,000 |
| Sumter County Florida | 2 | $ 180,000 | $ 90,000 | $ 96,000 |
| Hamilton County Indiana | 2 | $ 149,000 | $ 74,000 | $ 86,000 |
| Montgomery County Kansas | 2 | $ 141,000 | $ 70,000 | $ 50,000 |
| Allegany County Maryland | 2 | $ 73,000 | $ 36,000 | $ 215,000 |
| Sarpy County Nebraska | 2 | $ 478,000 | $ 239,000 | $ 86,000 |
| Merrimack County New Hampshire | 2 | $ 491,000 | $ 245,000 | $ 116,000 |
| Union County North Carolina | 2 | $ 530,000 | $ 265,000 | $ 103,000 |
| Montgomery County Ohio | 2 | $ 181,000 | $ 90,000 | $ 53,000 |
| Multnomah County Oregon | 2 | $ 575,000 | $ 287,000 | $ 70,000 |
| Franklin County Pennsylvania | 2 | $ 263,000 | $ 131,000 | $ 60,000 |
| Edgefield County South Carolina | 2 | $ 186,000 | $ 93,000 | $ 43,000 |
| Horry County South Carolina | 2 | $ 250,000 | $ 125,000 | $ 115,000 |
| Prince William County Virginia | 2 | $ 421,000 | $ 210,000 | $ 127,000 |
| Thurston County Washington | 2 | $ 335,000 | $ 167,000 | $ 112,000 |
| Berkeley County West Virginia | 2 | $ 307,000 | $ 153,000 | $ 52,000 |
| Hampshire County West Virginia | 2 | $ 436,000 | $ 218,000 | $ 54,000 |
| Dale County Alabama | 1 | $ 136,000 | $ 136,000 | $ 60,000 |
| Cochise County Arizona | 1 | $ 172,000 | $ 172,000 | $ 52,000 |
| Mohave County Arizona | 1 | $ 237,000 | $ 237,000 | $ 67,000 |
| Pima County Arizona | 1 | $ 260,000 | $ 260,000 | $ 118,000 |
| Pinal County Arizona | 1 | $ 75,000 | $ 75,000 | $ 111,000 |
| Carroll County Arkansas | 1 | $ 121,000 | $ 121,000 | $ 73,000 |
| Los Angeles County California | 1 | $ 200,000 | $ 200,000 | $ 99,000 |
| San Diego County California | 1 | $ 98,000 | $ 98,000 | $ 124,000 |
| Boulder County Colorado | 1 | $ 20,000 | $ 20,000 | $ 35,000 |
| Denver County Colorado | 1 | $ 55,000 | $ 55,000 | $ 109,000 |
| El Paso County Colorado | 1 | $ 206,000 | $ 206,000 | $ 52,000 |
| Jefferson County Colorado | 1 | $ 18,000 | $ 18,000 | $ 71,000 |
| Mesa County Colorado | 1 | $ 86,000 | $ 86,000 | $ 65,000 |
| Teller County Colorado | 1 | $ 324,000 | $ 324,000 | $ 307,000 |
| Alachua County Florida | 1 | $ 142,000 | $ 142,000 | $ 66,000 |
| Brevard County Florida | 1 | $ 78,000 | $ 78,000 | $ 33,000 |
| Clay County Florida | 1 | $ 35,000 | $ 35,000 | $ 24,000 |
| Columbia County Florida | 1 | $ 135,000 | $ 135,000 | $ 114,000 |
| Highlands County Florida | 1 | $ 82,000 | $ 82,000 | $ 84,000 |
| Lee County Florida | 1 | $ 345,000 | $ 345,000 | $ 155,000 |
| Leon County Florida | 1 | $ 72,000 | $ 72,000 | $ 52,000 |
| Manatee County Florida | 1 | $ 155,000 | $ 155,000 | $ 65,000 |
| Miami-Dade County Florida | 1 | $ 680,000 | $ 680,000 | $ 200,000 |
| Okaloosa County Florida | 1 | $ 20,000 | $ 20,000 | $ 48,000 |
| Sarasota County Florida | 1 | $ 360,000 | $ 360,000 | $ 132,000 |
| Seminole County Florida | 1 | $ 41,000 | $ 41,000 | $ 144,000 |
| Volusia County Florida | 1 | $ 35,000 | $ 35,000 | $ 103,000 |
| Cherokee County Georgia | 1 | $ 300,000 | $ 300,000 | $ 168,000 |
| Cobb County Georgia | 1 | $ 206,000 | $ 206,000 | $ 112,000 |
| DeKalb County Georgia | 1 | $ 140,000 | $ 140,000 | $ 90,000 |
| Gwinnett County Georgia | 1 | $ 138,000 | $ 138,000 | $ 154,000 |
| Henry County Georgia | 1 | $ 104,000 | $ 104,000 | $ 138,000 |
| Jackson County Georgia | 1 | $ 37,000 | $ 37,000 | $ 125,000 |
| Laurens County Georgia | 1 | $ 71,000 | $ 71,000 | $ 207,000 |
| Richmond County Georgia | 1 | $ 180,000 | $ 180,000 | $ 132,000 |
| Hawaii County Hawaii | 1 | $ 360,000 | $ 360,000 | $ 94,000 |
| Johnson County Illinois | 1 | $ 59,000 | $ 59,000 | $ 112,000 |
| Mason County Illinois | 1 | $ 21,000 | $ 21,000 | $ 62,000 |
| Vanderburgh County Indiana | 1 | $ 225,000 | $ 225,000 | $ 74,000 |
| Crawford County Iowa | 1 | $ 106,000 | $ 106,000 | $ 101,000 |
| Johnson County Iowa | 1 | $ 100,000 | $ 100,000 | $ 107,000 |
| Johnson County Kansas | 1 | $ 82,000 | $ 82,000 | $ 93,000 |
| Larue County Kentucky | 1 | $ 280,000 | $ 280,000 | $ 100,000 |
| Hancock County Maine | 1 | $ 417,000 | $ 417,000 | $ 141,000 |
| Lincoln County Maine | 1 | $ 300,000 | $ 300,000 | $ 383,000 |
| Essex County Massachusetts | 1 | $ 417,000 | $ 417,000 | $ 163,000 |
| Middlesex County Massachusetts | 1 | $ 172,000 | $ 172,000 | $ 108,000 |
| Suffolk County Massachusetts | 1 | $ 334,000 | $ 334,000 | $ 170,000 |
| Kent County Michigan | 1 | $ 70,000 | $ 70,000 | $ 21,000 |
| Oakland County Michigan | 1 | $ 297,000 | $ 297,000 | $ 130,000 |
| St. Joseph County Michigan | 1 | $ 185,000 | $ 185,000 | $ 93,000 |
| Jackson County Missouri | 1 | $ 25,000 | $ 25,000 | $ 61,000 |
| Reynolds County Missouri | 1 | $ 237,000 | $ 237,000 | $ 71,000 |
| St. Charles County Missouri | 1 | $ 165,000 | $ 165,000 | $ 107,000 |
| Clark County Nevada | 1 | $ 57,000 | $ 57,000 | $ 45,000 |
| Hillsborough County New Hampshire | 1 | $ 81,000 | $ 81,000 | $ 194,000 |
| Atlantic County New Jersey | 1 | $ 150,000 | $ 150,000 | $ 115,000 |
| Mercer County New Jersey | 1 | $ 392,000 | $ 392,000 | $ 155,000 |
| Morris County New Jersey | 1 | $ 350,000 | $ 350,000 | $ 105,000 |
| Passaic County New Jersey | 1 | $ 447,000 | $ 447,000 | $ 163,000 |
| Niagara County New York | 1 | $ 184,000 | $ 184,000 | $ 70,000 |
| Queens County New York | 1 | $ 230,000 | $ 230,000 | $ 58,000 |
| Rockland County New York | 1 | $ 417,000 | $ 417,000 | $ 100,000 |
| Steuben County New York | 1 | $ 90,000 | $ 90,000 | $ 184,000 |
| Wyoming County New York | 1 | $ 69,000 | $ 69,000 | $ 146,000 |
| Brunswick County North Carolina | 1 | $ 340,000 | $ 340,000 | $ 123,000 |
| Caldwell County North Carolina | 1 | $ 86,000 | $ 86,000 | $ 24,000 |
| Cherokee County North Carolina | 1 | $ 40,000 | $ 40,000 | $ 64,000 |
| Pamlico County North Carolina | 1 | $ 72,000 | $ 72,000 | $ 40,000 |
| Pender County North Carolina | 1 | $ 250,000 | $ 250,000 | $ 155,000 |
| Wayne County North Carolina | 1 | $ 30,000 | $ 30,000 | $ 29,000 |
| Allen County Ohio | 1 | $ 30,000 | $ 30,000 | $ 101,000 |
| Coshocton County Ohio | 1 | $ 14,000 | $ 14,000 | $ 69,000 |
| Lawrence County Ohio | 1 | $ 81,000 | $ 81,000 | $ 68,000 |
| Portage County Ohio | 1 | $ 80,000 | $ 80,000 | $ 125,000 |
| Stark County Ohio | 1 | $ 122,000 | $ 122,000 | $ 48,000 |
| Oklahoma County Oklahoma | 1 | $ 45,000 | $ 45,000 | $ 99,000 |
| Deschutes County Oregon | 1 | $ 20,000 | $ 20,000 | $ 30,000 |
| Cambria County Pennsylvania | 1 | $ 67,000 | $ 67,000 | $ 66,000 |
| Carbon County Pennsylvania | 1 | $ 86,000 | $ 86,000 | $ 201,000 |
| Clearfield County Pennsylvania | 1 | $ 143,000 | $ 143,000 | $ 58,000 |
| Fayette County Pennsylvania | 1 | $ 210,000 | $ 210,000 | $ 81,000 |
| Jefferson County Pennsylvania | 1 | $ 32,000 | $ 32,000 | $ 138,000 |
| Lancaster County Pennsylvania | 1 | $ 164,000 | $ 164,000 | $ 34,000 |
| Montgomery County Pennsylvania | 1 | $ 175,000 | $ 175,000 | $ 98,000 |
| Northumberland County Pennsylvania | 1 | $ 104,000 | $ 104,000 | $ 72,000 |
| Potter County Pennsylvania | 1 | $ 188,000 | $ 188,000 | $ 131,000 |
| Schuylkill County Pennsylvania | 1 | $ 139,000 | $ 139,000 | $ 60,000 |
| Westmoreland County Pennsylvania | 1 | $ 257,000 | $ 257,000 | $ 105,000 |
| Wyoming County Pennsylvania | 1 | $ 200,000 | $ 200,000 | $ 148,000 |
| Aiken County South Carolina | 1 | $ 85,000 | $ 85,000 | $ 68,000 |
| Charleston County South Carolina | 1 | $ 100,000 | $ 100,000 | $ 136,000 |
| Chester County South Carolina | 1 | $ 171,000 | $ 171,000 | $ 58,000 |
| Dorchester County South Carolina | 1 | $ 193,000 | $ 193,000 | $ 77,000 |
| Lexington County South Carolina | 1 | $ 359,000 | $ 359,000 | $ 108,000 |
| Oconee County South Carolina | 1 | $ 90,000 | $ 90,000 | $ 70,000 |
| Shelby County Tennessee | 1 | $ 58,000 | $ 58,000 | $ 171,000 |
| Denton County Texas | 1 | $ 242,000 | $ 242,000 | $ 97,000 |
| Davis County Utah | 1 | $ 210,000 | $ 210,000 | $ 79,000 |
| Utah County Utah | 1 | $ 344,000 | $ 344,000 | $ 70,000 |
| Accomack County Virginia | 1 | $ 167,000 | $ 167,000 | $ 32,000 |
| Albemarle County Virginia | 1 | $ 250,000 | $ 250,000 | $ 152,000 |
| Alexandria County Virginia | 1 | $ 264,000 | $ 264,000 | $ 116,000 |
| Arlington County Virginia | 1 | $ 110,000 | $ 110,000 | $ 155,000 |
| Bedford County Virginia | 1 | $ 173,000 | $ 173,000 | $ 93,000 |
| Botetourt County Virginia | 1 | $ 94,000 | $ 94,000 | $ 74,000 |
| Carroll County Virginia | 1 | $ 114,000 | $ 114,000 | $ 71,000 |
| Charles City County Virginia | 1 | $ 157,000 | $ 157,000 | $ 27,000 |
| Floyd County Virginia | 1 | $ 39,000 | $ 39,000 | $ 206,000 |
| Frederick County Virginia | 1 | $ 405,000 | $ 405,000 | $ 90,000 |
| Hanover County Virginia | 1 | $ 354,000 | $ 354,000 | $ 174,000 |
| Henrico County Virginia | 1 | $ 127,000 | $ 127,000 | $ 58,000 |
| James City County Virginia | 1 | $ 310,000 | $ 310,000 | $ 135,000 |
| King George County Virginia | 1 | $ 219,000 | $ 219,000 | $ 207,000 |
| Nelson County Virginia | 1 | $ 104,000 | $ 104,000 | $ 80,000 |
| Spotsylvania County Virginia | 1 | $ 210,000 | $ 210,000 | $ 133,000 |
| Warren County Virginia | 1 | $ 187,000 | $ 187,000 | $ 55,000 |
| York County Virginia | 1 | $ 313,000 | $ 313,000 | $ 162,000 |
| Clallam County Washington | 1 | $ 200,000 | $ 200,000 | $ 296,000 |
| Clark County Washington | 1 | $ 79,000 | $ 79,000 | $ 56,000 |
| Snohomish County Washington | 1 | $ 330,000 | $ 330,000 | $ 92,000 |
| Yakima County Washington | 1 | $ 213,000 | $ 213,000 | $ 101,000 |
| Summers County West Virginia | 1 | $ 54,000 | $ 54,000 | $ 73,000 |
| Washakie County Wyoming | 1 | $ 39,000 | $ 39,000 | $ 62,000 |
Mortgage Loan Application Detail Totals for Tower Federal Credit Union in 2007
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 | 1,268 | $267,278,000 | $210,000 | $834,000 | $108,000 | $540,000 |
| Home Purchase | 475 | $124,695,000 | $262,000 | $800,000 | $102,000 | $383,000 |
| Home Improvement | 398 | $20,374,000 | $51,000 | $295,000 | $110,000 | $335,000 |
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 | 972 | $187,907,000 | $193,000 | $800,000 | $108,000 | $540,000 |
| Not Provided | 899 | $166,638,000 | $185,000 | $753,000 | $106,000 | $383,000 |
| Black or African American | 199 | $42,572,000 | $213,000 | $834,000 | $101,000 | $283,000 |
| Hispanic | 35 | $7,160,000 | $204,000 | $450,000 | $116,000 | $288,000 |
| Asian | 22 | $4,653,000 | $211,000 | $440,000 | $104,000 | $205,000 |
| American Indian or Alaskan Native | 8 | $2,238,000 | $279,000 | $500,000 | $147,000 | $177,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,179,000 | $196,000 | $250,000 | $106,000 | $163,000 |
| 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) | 2,136 | $410,690,000 | $192,000 | $834,000 | $107,000 | $540,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,657,000 | $331,000 | $413,000 | $90,000 | $159,000 |
| 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 | 1,661 | $309,398,000 | $186,000 | $750,000 | $110,000 | $540,000 |
| Application Withdrawn By Applicant | 298 | $78,209,000 | $262,000 | $834,000 | $105,000 | $383,000 |
| Application Denied By Financial Institution | 178 | $24,117,000 | $135,000 | $543,000 | $82,000 | $321,000 |
| File Closed For Incompleteness | 3 | $523,000 | $174,000 | $456,000 | $90,000 | $167,000 |
| Application Approved But Not Accepted | 1 | $100,000 | $100,000 | $100,000 | $85,000 | $85,000 |
| 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 | 84 | $11,293,000 | $134,000 | $543,000 | $87,000 | $321,000 |
| Debt-To-Income Ratio | 79 | $11,258,000 | $142,000 | $492,000 | $70,000 | $185,000 |
| Collateral | 7 | $1,058,000 | $151,000 | $504,000 | $98,000 | $185,000 |
| Mortgage Insurance Denied | 5 | $342,000 | $68,000 | $100,000 | $129,000 | $192,000 |
| Unverifiable Information | 2 | $98,000 | $49,000 | $50,000 | $118,000 | $235,000 |
| Other | 1 | $68,000 | $68,000 | $68,000 | $140,000 | $140,000 |
| Credit Application Incomplete | 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 2007 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.