Tower Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2008
Tower Federal Credit Union 2008 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 | 2,268 |
| Total Mortgage Loan Application Amount | $501,004,000 |
| Average Mortgage Loan Application Amount | $186,333 |
| Highest Mortgage Loan Application Amount | $834,000 |
| Average Applicant Income | $116,666 |
| Highest Applicant Income | $1,470,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2008 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 2008 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 2008.
| 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 | 782 | $ 170,203,000 | $ 217,000 | $ 116,000 |
| Howard County Maryland | 399 | $ 94,680,000 | $ 237,000 | $ 132,000 |
| Baltimore County Maryland | 211 | $ 41,630,000 | $ 197,000 | $ 105,000 |
| Carroll County Maryland | 149 | $ 31,007,000 | $ 208,000 | $ 133,000 |
| Prince George's County Maryland | 114 | $ 25,574,000 | $ 224,000 | $ 120,000 |
| Baltimore City County Maryland | 75 | $ 10,613,000 | $ 141,000 | $ 90,000 |
| Montgomery County Maryland | 58 | $ 16,868,000 | $ 290,000 | $ 136,000 |
| Harford County Maryland | 44 | $ 10,766,000 | $ 244,000 | $ 131,000 |
| Frederick County Maryland | 42 | $ 9,458,000 | $ 225,000 | $ 121,000 |
| Queen Anne's County Maryland | 35 | $ 9,168,000 | $ 261,000 | $ 127,000 |
| York County Pennsylvania | 35 | $ 6,560,000 | $ 187,000 | $ 103,000 |
| Charles County Maryland | 12 | $ 4,200,000 | $ 350,000 | $ 110,000 |
| Fairfax County Virginia | 12 | $ 3,157,000 | $ 263,000 | $ 155,000 |
| Calvert County Maryland | 11 | $ 3,719,000 | $ 338,000 | $ 142,000 |
| Loudoun County Virginia | 11 | $ 3,792,000 | $ 344,000 | $ 130,000 |
| District of Columbia County District Of Columbia | 9 | $ 3,291,000 | $ 365,000 | $ 140,000 |
| Arapahoe County Colorado | 7 | $ 1,216,000 | $ 173,000 | $ 123,000 |
| Columbia County Georgia | 7 | $ 594,000 | $ 84,000 | $ 99,000 |
| Prince William County Virginia | 6 | $ 1,442,000 | $ 240,000 | $ 163,000 |
| Wake County North Carolina | 5 | $ 1,528,000 | $ 305,000 | $ 114,000 |
| Washington County Maryland | 4 | $ 1,189,000 | $ 297,000 | $ 111,000 |
| Allegheny County Pennsylvania | 4 | $ 601,000 | $ 150,000 | $ 90,000 |
| Horry County South Carolina | 4 | $ 400,000 | $ 100,000 | $ 144,000 |
| Arlington County Virginia | 4 | $ 1,173,000 | $ 293,000 | $ 130,000 |
| Maricopa County Arizona | 3 | $ 588,000 | $ 196,000 | $ 120,000 |
| El Paso County Colorado | 3 | $ 735,000 | $ 245,000 | $ 126,000 |
| Broward County Florida | 3 | $ 1,067,000 | $ 355,000 | $ 143,000 |
| Hillsborough County Florida | 3 | $ 302,000 | $ 100,000 | $ 120,000 |
| Honolulu County Hawaii | 3 | $ 1,422,000 | $ 474,000 | $ 180,000 |
| Worcester County Massachusetts | 3 | $ 689,000 | $ 229,000 | $ 147,000 |
| Cumberland County Pennsylvania | 3 | $ 502,000 | $ 167,000 | $ 83,000 |
| Bexar County Texas | 3 | $ 538,000 | $ 179,000 | $ 186,000 |
| Mobile County Alabama | 2 | $ 196,000 | $ 98,000 | $ 70,000 |
| Coconino County Arizona | 2 | $ 301,000 | $ 150,000 | $ 80,000 |
| Orange County California | 2 | $ 480,000 | $ 240,000 | $ 142,000 |
| San Diego County California | 2 | $ 674,000 | $ 337,000 | $ 49,000 |
| Boulder County Colorado | 2 | $ 239,000 | $ 119,000 | $ 42,000 |
| Denver County Colorado | 2 | $ 375,000 | $ 187,000 | $ 124,000 |
| Douglas County Colorado | 2 | $ 508,000 | $ 254,000 | $ 106,000 |
| Elbert County Colorado | 2 | $ 675,000 | $ 337,000 | $ 136,000 |
| Jefferson County Colorado | 2 | $ 530,000 | $ 265,000 | $ 161,000 |
| Fairfield County Connecticut | 2 | $ 745,000 | $ 372,000 | $ 114,000 |
| Brevard County Florida | 2 | $ 84,000 | $ 42,000 | $ 108,000 |
| Flagler County Florida | 2 | $ 188,000 | $ 94,000 | $ 61,000 |
| Lake County Florida | 2 | $ 133,000 | $ 66,000 | $ 86,000 |
| Lee County Florida | 2 | $ 180,000 | $ 90,000 | $ 106,000 |
| Manatee County Florida | 2 | $ 548,000 | $ 274,000 | $ 164,000 |
| Orange County Florida | 2 | $ 306,000 | $ 153,000 | $ 123,000 |
| Palm Beach County Florida | 2 | $ 324,000 | $ 162,000 | $ 56,000 |
| Pinellas County Florida | 2 | $ 465,000 | $ 232,000 | $ 115,000 |
| Cobb County Georgia | 2 | $ 477,000 | $ 238,000 | $ 113,000 |
| Gwinnett County Georgia | 2 | $ 461,000 | $ 230,000 | $ 119,000 |
| Richmond County Georgia | 2 | $ 285,000 | $ 142,000 | $ 75,000 |
| Floyd County Indiana | 2 | $ 352,000 | $ 176,000 | $ 84,000 |
| Cecil County Maryland | 2 | $ 312,000 | $ 156,000 | $ 122,000 |
| Wicomico County Maryland | 2 | $ 78,000 | $ 39,000 | $ 57,000 |
| Middlesex County Massachusetts | 2 | $ 528,000 | $ 264,000 | $ 205,000 |
| Gloucester County New Jersey | 2 | $ 390,000 | $ 195,000 | $ 170,000 |
| Cabarrus County North Carolina | 2 | $ 502,000 | $ 251,000 | $ 77,000 |
| Catawba County North Carolina | 2 | $ 102,000 | $ 51,000 | $ 52,000 |
| Currituck County North Carolina | 2 | $ 325,000 | $ 162,000 | $ 77,000 |
| Guilford County North Carolina | 2 | $ 559,000 | $ 279,000 | $ 111,000 |
| Mecklenburg County North Carolina | 2 | $ 148,000 | $ 74,000 | $ 136,000 |
| Orange County North Carolina | 2 | $ 480,000 | $ 240,000 | $ 99,000 |
| Cuyahoga County Ohio | 2 | $ 185,000 | $ 92,000 | $ 57,000 |
| Montgomery County Ohio | 2 | $ 212,000 | $ 106,000 | $ 63,000 |
| Multnomah County Oregon | 2 | $ 772,000 | $ 386,000 | $ 130,000 |
| Berks County Pennsylvania | 2 | $ 480,000 | $ 240,000 | $ 154,000 |
| Carbon County Pennsylvania | 2 | $ 190,000 | $ 95,000 | $ 128,000 |
| Centre County Pennsylvania | 2 | $ 320,000 | $ 160,000 | $ 59,000 |
| Chester County Pennsylvania | 2 | $ 603,000 | $ 301,000 | $ 117,000 |
| Delaware County Pennsylvania | 2 | $ 438,000 | $ 219,000 | $ 165,000 |
| Westmoreland County Pennsylvania | 2 | $ 93,000 | $ 46,000 | $ 55,000 |
| Richland County South Carolina | 2 | $ 342,000 | $ 171,000 | $ 79,000 |
| Blount County Tennessee | 2 | $ 657,000 | $ 328,000 | $ 98,000 |
| Harris County Texas | 2 | $ 238,000 | $ 119,000 | $ 50,000 |
| Salt Lake County Utah | 2 | $ 757,000 | $ 378,000 | $ 124,000 |
| Albemarle County Virginia | 2 | $ 922,000 | $ 461,000 | $ 141,000 |
| Alexandria County Virginia | 2 | $ 642,000 | $ 321,000 | $ 140,000 |
| Bedford County Virginia | 2 | $ 703,000 | $ 351,000 | $ 192,000 |
| Fauquier County Virginia | 2 | $ 430,000 | $ 215,000 | $ 64,000 |
| James City County Virginia | 2 | $ 882,000 | $ 441,000 | $ 170,000 |
| Yakima County Washington | 2 | $ 239,000 | $ 119,000 | $ 98,000 |
| Jefferson County West Virginia | 2 | $ 138,000 | $ 69,000 | $ 89,000 |
| Madison County Alabama | 1 | $ 70,000 | $ 70,000 | $ 101,000 |
| Walker County Alabama | 1 | $ 149,000 | $ 149,000 | $ 48,000 |
| Benton County Arkansas | 1 | $ 108,000 | $ 108,000 | $ 82,000 |
| Alameda County California | 1 | $ 340,000 | $ 340,000 | $ 135,000 |
| Kern County California | 1 | $ 567,000 | $ 567,000 | $ 224,000 |
| San Francisco County California | 1 | $ 834,000 | $ 834,000 | $ 152,000 |
| San Mateo County California | 1 | $ 410,000 | $ 410,000 | $ 228,000 |
| Santa Clara County California | 1 | $ 834,000 | $ 834,000 | $ 162,000 |
| Broomfield County Colorado | 1 | $ 480,000 | $ 480,000 | $ 245,000 |
| Tolland County Connecticut | 1 | $ 306,000 | $ 306,000 | $ 125,000 |
| New Castle County Delaware | 1 | $ 60,000 | $ 60,000 | $ 227,000 |
| Sussex County Delaware | 1 | $ 367,000 | $ 367,000 | $ 95,000 |
| Bay County Florida | 1 | $ 15,000 | $ 15,000 | $ 71,000 |
| Escambia County Florida | 1 | $ 206,000 | $ 206,000 | $ 81,000 |
| Hernando County Florida | 1 | $ 70,000 | $ 70,000 | $ 50,000 |
| Marion County Florida | 1 | $ 240,000 | $ 240,000 | $ 55,000 |
| Polk County Florida | 1 | $ 60,000 | $ 60,000 | $ 92,000 |
| DeKalb County Georgia | 1 | $ 242,000 | $ 242,000 | $ 78,000 |
| Henry County Georgia | 1 | $ 90,000 | $ 90,000 | $ 160,000 |
| Ada County Idaho | 1 | $ 280,000 | $ 280,000 | $ 149,000 |
| Cook County Illinois | 1 | $ 6,000 | $ 6,000 | $ 41,000 |
| DuPage County Illinois | 1 | $ 147,000 | $ 147,000 | $ 248,000 |
| Kane County Illinois | 1 | $ 319,000 | $ 319,000 | $ 193,000 |
| Clark County Indiana | 1 | $ 112,000 | $ 112,000 | $ 111,000 |
| Hamilton County Indiana | 1 | $ 100,000 | $ 100,000 | $ 75,000 |
| Monroe County Indiana | 1 | $ 115,000 | $ 115,000 | $ 76,000 |
| Vanderburgh County Indiana | 1 | $ 228,000 | $ 228,000 | $ 70,000 |
| Harrison County Iowa | 1 | $ 193,000 | $ 193,000 | $ 127,000 |
| Douglas County Kansas | 1 | $ 224,000 | $ 224,000 | $ 67,000 |
| Allegany County Maryland | 1 | $ 29,000 | $ 29,000 | $ 84,000 |
| Somerset County Maryland | 1 | $ 210,000 | $ 210,000 | $ 229,000 |
| Livingston County Michigan | 1 | $ 182,000 | $ 182,000 | $ 50,000 |
| Macomb County Michigan | 1 | $ 67,000 | $ 67,000 | $ 94,000 |
| Oakland County Michigan | 1 | $ 360,000 | $ 360,000 | $ 150,000 |
| Sarpy County Nebraska | 1 | $ 133,000 | $ 133,000 | $ 49,000 |
| Clark County Nevada | 1 | $ 380,000 | $ 380,000 | $ 147,000 |
| Hillsborough County New Hampshire | 1 | $ 119,000 | $ 119,000 | $ 28,000 |
| Atlantic County New Jersey | 1 | $ 150,000 | $ 150,000 | $ 115,000 |
| Cape May County New Jersey | 1 | $ 70,000 | $ 70,000 | $ 304,000 |
| Mercer County New Jersey | 1 | $ 205,000 | $ 205,000 | $ 100,000 |
| Middlesex County New Jersey | 1 | $ 352,000 | $ 352,000 | $ 125,000 |
| Somerset County New Jersey | 1 | $ 182,000 | $ 182,000 | $ 173,000 |
| Sandoval County New Mexico | 1 | $ 345,000 | $ 345,000 | $ 235,000 |
| Erie County New York | 1 | $ 136,000 | $ 136,000 | $ 122,000 |
| Nassau County New York | 1 | $ 200,000 | $ 200,000 | $ 50,000 |
| New York County New York | 1 | $ 360,000 | $ 360,000 | $ 205,000 |
| Onondaga County New York | 1 | $ 149,000 | $ 149,000 | $ 98,000 |
| Ontario County New York | 1 | $ 107,000 | $ 107,000 | $ 101,000 |
| Queens County New York | 1 | $ 337,000 | $ 337,000 | $ 63,000 |
| Chatham County North Carolina | 1 | $ 80,000 | $ 80,000 | $ 20,000 |
| Durham County North Carolina | 1 | $ 22,000 | $ 22,000 | $ 83,000 |
| Johnston County North Carolina | 1 | $ 223,000 | $ 223,000 | $ 86,000 |
| Moore County North Carolina | 1 | $ 188,000 | $ 188,000 | $ 58,000 |
| New Hanover County North Carolina | 1 | $ 268,000 | $ 268,000 | $ 87,000 |
| Pitt County North Carolina | 1 | $ 508,000 | $ 508,000 | $ 204,000 |
| Portage County Ohio | 1 | $ 143,000 | $ 143,000 | $ 213,000 |
| Wood County Ohio | 1 | $ 170,000 | $ 170,000 | $ 88,000 |
| Beaver County Pennsylvania | 1 | $ 20,000 | $ 20,000 | $ 115,000 |
| Butler County Pennsylvania | 1 | $ 200,000 | $ 200,000 | $ 64,000 |
| Cambria County Pennsylvania | 1 | $ 123,000 | $ 123,000 | $ 147,000 |
| Dauphin County Pennsylvania | 1 | $ 145,000 | $ 145,000 | $ 124,000 |
| Erie County Pennsylvania | 1 | $ 90,000 | $ 90,000 | $ 303,000 |
| Lancaster County Pennsylvania | 1 | $ 184,000 | $ 184,000 | $ 85,000 |
| Lycoming County Pennsylvania | 1 | $ 240,000 | $ 240,000 | $ 93,000 |
| Montgomery County Pennsylvania | 1 | $ 216,000 | $ 216,000 | $ 85,000 |
| Philadelphia County Pennsylvania | 1 | $ 263,000 | $ 263,000 | $ 128,000 |
| Aiken County South Carolina | 1 | $ 120,000 | $ 120,000 | $ 45,000 |
| Charleston County South Carolina | 1 | $ 216,000 | $ 216,000 | $ 84,000 |
| Dorchester County South Carolina | 1 | $ 74,000 | $ 74,000 | $ 135,000 |
| Greenville County South Carolina | 1 | $ 50,000 | $ 50,000 | $ 52,000 |
| Kershaw County South Carolina | 1 | $ 256,000 | $ 256,000 | $ 70,000 |
| Lexington County South Carolina | 1 | $ 129,000 | $ 129,000 | $ 79,000 |
| Sumter County South Carolina | 1 | $ 200,000 | $ 200,000 | $ 107,000 |
| Knox County Tennessee | 1 | $ 90,000 | $ 90,000 | $ 113,000 |
| Montgomery County Tennessee | 1 | $ 20,000 | $ 20,000 | $ 102,000 |
| Sullivan County Tennessee | 1 | $ 159,000 | $ 159,000 | $ 105,000 |
| El Paso County Texas | 1 | $ 216,000 | $ 216,000 | $ 127,000 |
| Medina County Texas | 1 | $ 396,000 | $ 396,000 | $ 138,000 |
| Montgomery County Texas | 1 | $ 109,000 | $ 109,000 | $ 59,000 |
| Tarrant County Texas | 1 | $ 142,000 | $ 142,000 | $ 88,000 |
| Travis County Texas | 1 | $ 615,000 | $ 615,000 | $ 267,000 |
| Wilson County Texas | 1 | $ 135,000 | $ 135,000 | $ 112,000 |
| Utah County Utah | 1 | $ 200,000 | $ 200,000 | $ 75,000 |
| Charlottesville County Virginia | 1 | $ 735,000 | $ 735,000 | $ 114,000 |
| Dinwiddie County Virginia | 1 | $ 162,000 | $ 162,000 | $ 59,000 |
| Fairfax City County Virginia | 1 | $ 400,000 | $ 400,000 | $ 118,000 |
| Frederick County Virginia | 1 | $ 80,000 | $ 80,000 | $ 110,000 |
| Greene County Virginia | 1 | $ 251,000 | $ 251,000 | $ 158,000 |
| Henrico County Virginia | 1 | $ 220,000 | $ 220,000 | $ 132,000 |
| Manassas County Virginia | 1 | $ 323,000 | $ 323,000 | $ 96,000 |
| Stafford County Virginia | 1 | $ 200,000 | $ 200,000 | $ 101,000 |
| Virginia Beach County Virginia | 1 | $ 170,000 | $ 170,000 | $ 127,000 |
| Washington County Virginia | 1 | $ 115,000 | $ 115,000 | $ 53,000 |
| Pierce County Washington | 1 | $ 417,000 | $ 417,000 | $ 148,000 |
| Berkeley County West Virginia | 1 | $ 175,000 | $ 175,000 | $ 79,000 |
| Hampshire County West Virginia | 1 | $ 132,000 | $ 132,000 | $ 269,000 |
| Ohio County West Virginia | 1 | $ 63,000 | $ 63,000 | $ 65,000 |
| Preston County West Virginia | 1 | $ 111,000 | $ 111,000 | $ 50,000 |
| Wirt County West Virginia | 1 | $ 30,000 | $ 30,000 | $ 29,000 |
| Sheboygan County Wisconsin | 1 | $ 100,000 | $ 100,000 | $ 30,000 |
Mortgage Loan Application Detail Totals for Tower Federal Credit Union in 2008
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 | 1,636 | $397,797,000 | $243,000 | $834,000 | $121,000 | $1,470,000 |
| Home Purchase | 328 | $90,165,000 | $274,000 | $834,000 | $112,000 | $343,000 |
| Home Improvement | 304 | $13,042,000 | $42,000 | $250,000 | $117,000 | $363,000 |
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 | 1,188 | $267,948,000 | $225,000 | $834,000 | $120,000 | $1,470,000 |
| Not Provided | 837 | $175,358,000 | $209,000 | $749,000 | $123,000 | $1,180,000 |
| Black or African American | 165 | $38,004,000 | $230,000 | $834,000 | $103,000 | $289,000 |
| Hispanic | 35 | $8,055,000 | $230,000 | $585,000 | $120,000 | $265,000 |
| Asian | 32 | $8,730,000 | $272,000 | $834,000 | $97,000 | $225,000 |
| American Indian or Alaskan Native | 7 | $1,869,000 | $267,000 | $507,000 | $135,000 | $215,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,040,000 | $260,000 | $370,000 | $108,000 | $153,000 |
| 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) | 2,261 | $498,759,000 | $220,000 | $834,000 | $120,000 | $1,470,000 |
| VA-guaranteed (Veterans Administration) | 7 | $2,245,000 | $320,000 | $406,000 | $94,000 | $122,000 |
| 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 | 1,801 | $376,445,000 | $209,000 | $834,000 | $121,000 | $1,180,000 |
| Application Withdrawn By Applicant | 381 | $106,628,000 | $279,000 | $834,000 | $121,000 | $1,470,000 |
| Application Denied By Financial Institution | 82 | $17,301,000 | $210,000 | $749,000 | $82,000 | $213,000 |
| Application Approved But Not Accepted | 4 | $630,000 | $157,000 | $285,000 | $128,000 | $231,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 46 | $12,353,000 | $268,000 | $749,000 | $75,000 | $172,000 |
| Credit History | 28 | $4,462,000 | $159,000 | $459,000 | $89,000 | $196,000 |
| Collateral | 6 | $126,000 | $21,000 | $30,000 | $102,000 | $213,000 |
| Unverifiable Information | 1 | $20,000 | $20,000 | $20,000 | $45,000 | $45,000 |
| 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 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tower Federal Credit Union's 2008 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.