Tower Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2016
Tower Federal Credit Union 2016 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 | 1,623 |
| Total Mortgage Loan Application Amount | $414,735,000 |
| Average Mortgage Loan Application Amount | $210,333 |
| Highest Mortgage Loan Application Amount | $834,000 |
| Average Applicant Income | $127,666 |
| Highest Applicant Income | $529,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2016 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 2016 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 2016.
| 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 | 521 | $ 134,019,000 | $ 257,000 | $ 124,000 |
| Howard County Maryland | 242 | $ 70,284,000 | $ 290,000 | $ 147,000 |
| Baltimore County Maryland | 138 | $ 29,550,000 | $ 214,000 | $ 105,000 |
| Prince George's County Maryland | 113 | $ 27,034,000 | $ 239,000 | $ 113,000 |
| Carroll County Maryland | 97 | $ 27,892,000 | $ 287,000 | $ 133,000 |
| Baltimore City County Maryland | 61 | $ 12,331,000 | $ 202,000 | $ 104,000 |
| Montgomery County Maryland | 47 | $ 15,785,000 | $ 335,000 | $ 159,000 |
| Harford County Maryland | 27 | $ 7,672,000 | $ 284,000 | $ 150,000 |
| Frederick County Maryland | 24 | $ 7,096,000 | $ 295,000 | $ 133,000 |
| Sussex County Delaware | 16 | $ 3,430,000 | $ 214,000 | $ 162,000 |
| York County Pennsylvania | 13 | $ 2,359,000 | $ 181,000 | $ 124,000 |
| Queen Anne's County Maryland | 12 | $ 3,322,000 | $ 276,000 | $ 113,000 |
| Fairfax County Virginia | 11 | $ 3,924,000 | $ 356,000 | $ 159,000 |
| Loudoun County Virginia | 9 | $ 3,143,000 | $ 349,000 | $ 193,000 |
| Caroline County Maryland | 8 | $ 1,745,000 | $ 218,000 | $ 99,000 |
| Worcester County Maryland | 8 | $ 996,000 | $ 124,000 | $ 139,000 |
| Adams County Pennsylvania | 8 | $ 1,560,000 | $ 195,000 | $ 133,000 |
| Bexar County Texas | 8 | $ 1,279,000 | $ 159,000 | $ 127,000 |
| Columbia County Georgia | 7 | $ 1,871,000 | $ 267,000 | $ 153,000 |
| Wake County North Carolina | 7 | $ 1,301,000 | $ 185,000 | $ 130,000 |
| Horry County South Carolina | 7 | $ 1,338,000 | $ 191,000 | $ 109,000 |
| Prince William County Virginia | 7 | $ 2,237,000 | $ 319,000 | $ 89,000 |
| Douglas County Colorado | 5 | $ 1,064,000 | $ 212,000 | $ 203,000 |
| Manatee County Florida | 5 | $ 1,271,000 | $ 254,000 | $ 100,000 |
| Calvert County Maryland | 5 | $ 1,351,000 | $ 270,000 | $ 164,000 |
| Culpeper County Virginia | 5 | $ 1,529,000 | $ 305,000 | $ 65,000 |
| Jefferson County West Virginia | 5 | $ 754,000 | $ 150,000 | $ 163,000 |
| District of Columbia County District Of Columbia | 4 | $ 1,275,000 | $ 318,000 | $ 132,000 |
| Charles County Maryland | 4 | $ 717,000 | $ 179,000 | $ 113,000 |
| Talbot County Maryland | 4 | $ 974,000 | $ 243,000 | $ 106,000 |
| Washington County Maryland | 4 | $ 858,000 | $ 214,000 | $ 113,000 |
| Wicomico County Maryland | 4 | $ 952,000 | $ 238,000 | $ 139,000 |
| Frederick County Virginia | 4 | $ 895,000 | $ 223,000 | $ 105,000 |
| Stafford County Virginia | 4 | $ 987,000 | $ 246,000 | $ 127,000 |
| Los Angeles County California | 3 | $ 1,690,000 | $ 563,000 | $ 200,000 |
| Denver County Colorado | 3 | $ 1,202,000 | $ 400,000 | $ 204,000 |
| Hillsborough County Florida | 3 | $ 591,000 | $ 197,000 | $ 86,000 |
| Pinellas County Florida | 3 | $ 708,000 | $ 236,000 | $ 105,000 |
| Will County Illinois | 3 | $ 180,000 | $ 60,000 | $ 176,000 |
| Cecil County Maryland | 3 | $ 912,000 | $ 304,000 | $ 113,000 |
| Dorchester County Maryland | 3 | $ 539,000 | $ 179,000 | $ 110,000 |
| Garrett County Maryland | 3 | $ 445,000 | $ 148,000 | $ 73,000 |
| Brunswick County North Carolina | 3 | $ 817,000 | $ 272,000 | $ 122,000 |
| Delaware County Pennsylvania | 3 | $ 532,000 | $ 177,000 | $ 161,000 |
| Berkeley County West Virginia | 3 | $ 715,000 | $ 238,000 | $ 66,000 |
| Anchorage County Alaska | 2 | $ 386,000 | $ 193,000 | $ 171,000 |
| Maricopa County Arizona | 2 | $ 806,000 | $ 403,000 | $ 134,000 |
| Orange County California | 2 | $ 1,076,000 | $ 538,000 | $ 119,000 |
| Arapahoe County Colorado | 2 | $ 656,000 | $ 328,000 | $ 207,000 |
| Charlotte County Florida | 2 | $ 481,000 | $ 240,000 | $ 119,000 |
| Lake County Florida | 2 | $ 488,000 | $ 244,000 | $ 112,000 |
| Lee County Florida | 2 | $ 450,000 | $ 225,000 | $ 162,000 |
| Orange County Florida | 2 | $ 247,000 | $ 123,000 | $ 98,000 |
| Palm Beach County Florida | 2 | $ 637,000 | $ 318,000 | $ 242,000 |
| Polk County Florida | 2 | $ 213,000 | $ 106,000 | $ 204,000 |
| Sarasota County Florida | 2 | $ 432,000 | $ 216,000 | $ 84,000 |
| Seminole County Florida | 2 | $ 212,000 | $ 106,000 | $ 77,000 |
| DeKalb County Georgia | 2 | $ 892,000 | $ 446,000 | $ 155,000 |
| Fayette County Georgia | 2 | $ 475,000 | $ 237,000 | $ 103,000 |
| Oldham County Kentucky | 2 | $ 584,000 | $ 292,000 | $ 120,000 |
| St. Mary's County Maryland | 2 | $ 460,000 | $ 230,000 | $ 68,000 |
| Wayne County Michigan | 2 | $ 170,000 | $ 85,000 | $ 130,000 |
| St. Louis County Missouri | 2 | $ 225,000 | $ 112,000 | $ 70,000 |
| Mecklenburg County North Carolina | 2 | $ 210,000 | $ 105,000 | $ 99,000 |
| Franklin County Ohio | 2 | $ 377,000 | $ 188,000 | $ 112,000 |
| Lancaster County Pennsylvania | 2 | $ 357,000 | $ 178,000 | $ 101,000 |
| Richland County South Carolina | 2 | $ 658,000 | $ 329,000 | $ 82,000 |
| Collin County Texas | 2 | $ 407,000 | $ 203,000 | $ 161,000 |
| Williamson County Texas | 2 | $ 430,000 | $ 215,000 | $ 146,000 |
| Utah County Utah | 2 | $ 284,000 | $ 142,000 | $ 61,000 |
| Accomack County Virginia | 2 | $ 336,000 | $ 168,000 | $ 149,000 |
| Albemarle County Virginia | 2 | $ 383,000 | $ 191,000 | $ 184,000 |
| Arlington County Virginia | 2 | $ 1,074,000 | $ 537,000 | $ 175,000 |
| Bedford County Virginia | 2 | $ 520,000 | $ 260,000 | $ 164,000 |
| Clarke County Virginia | 2 | $ 482,000 | $ 241,000 | $ 90,000 |
| Westmoreland County Virginia | 2 | $ 518,000 | $ 259,000 | $ 167,000 |
| King County Washington | 2 | $ 444,000 | $ 222,000 | $ 68,000 |
| Franklin County Alabama | 1 | $ 140,000 | $ 140,000 | $ 175,000 |
| Matanuska-Susitna County Alaska | 1 | $ 30,000 | $ 30,000 | $ 113,000 |
| Alameda County California | 1 | $ 465,000 | $ 465,000 | $ 137,000 |
| San Bernardino County California | 1 | $ 150,000 | $ 150,000 | $ 154,000 |
| Santa Clara County California | 1 | $ 370,000 | $ 370,000 | $ 258,000 |
| Ventura County California | 1 | $ 150,000 | $ 150,000 | $ 46,000 |
| Adams County Colorado | 1 | $ 200,000 | $ 200,000 | $ 111,000 |
| El Paso County Colorado | 1 | $ 281,000 | $ 281,000 | $ 65,000 |
| Elbert County Colorado | 1 | $ 340,000 | $ 340,000 | $ 129,000 |
| Jefferson County Colorado | 1 | $ 360,000 | $ 360,000 | $ 137,000 |
| Summit County Colorado | 1 | $ 244,000 | $ 244,000 | $ 141,000 |
| Weld County Colorado | 1 | $ 162,000 | $ 162,000 | $ 35,000 |
| New Castle County Delaware | 1 | $ 364,000 | $ 364,000 | $ 426,000 |
| Broward County Florida | 1 | $ 333,000 | $ 333,000 | $ 272,000 |
| Collier County Florida | 1 | $ 250,000 | $ 250,000 | $ 101,000 |
| Marion County Florida | 1 | $ 94,000 | $ 94,000 | $ 102,000 |
| Okaloosa County Florida | 1 | $ 414,000 | $ 414,000 | $ 106,000 |
| Santa Rosa County Florida | 1 | $ 252,000 | $ 252,000 | $ 158,000 |
| St. Johns County Florida | 1 | $ 376,000 | $ 376,000 | $ 387,000 |
| Sumter County Florida | 1 | $ 375,000 | $ 375,000 | $ 153,000 |
| Walton County Florida | 1 | $ 153,000 | $ 153,000 | $ 114,000 |
| Chatham County Georgia | 1 | $ 327,000 | $ 327,000 | $ 94,000 |
| Forsyth County Georgia | 1 | $ 142,000 | $ 142,000 | $ 110,000 |
| Floyd County Indiana | 1 | $ 122,000 | $ 122,000 | $ 91,000 |
| LaPorte County Indiana | 1 | $ 119,000 | $ 119,000 | $ 44,000 |
| Polk County Iowa | 1 | $ 15,000 | $ 15,000 | $ 74,000 |
| Scott County Iowa | 1 | $ 160,000 | $ 160,000 | $ 131,000 |
| Jefferson County Kentucky | 1 | $ 199,000 | $ 199,000 | $ 101,000 |
| Knox County Maine | 1 | $ 356,000 | $ 356,000 | $ 61,000 |
| Allegany County Maryland | 1 | $ 183,000 | $ 183,000 | $ 54,000 |
| Suffolk County Massachusetts | 1 | $ 280,000 | $ 280,000 | $ 199,000 |
| Douglas County Minnesota | 1 | $ 300,000 | $ 300,000 | $ 111,000 |
| Lancaster County Nebraska | 1 | $ 100,000 | $ 100,000 | $ 32,000 |
| Hillsborough County New Hampshire | 1 | $ 23,000 | $ 23,000 | $ 182,000 |
| Mercer County New Jersey | 1 | $ 184,000 | $ 184,000 | $ 119,000 |
| Onondaga County New York | 1 | $ 40,000 | $ 40,000 | $ 346,000 |
| Rockland County New York | 1 | $ 385,000 | $ 385,000 | $ 213,000 |
| Buncombe County North Carolina | 1 | $ 100,000 | $ 100,000 | $ 85,000 |
| Cumberland County North Carolina | 1 | $ 78,000 | $ 78,000 | $ 165,000 |
| Duplin County North Carolina | 1 | $ 233,000 | $ 233,000 | $ 111,000 |
| Durham County North Carolina | 1 | $ 447,000 | $ 447,000 | $ 412,000 |
| Lenoir County North Carolina | 1 | $ 151,000 | $ 151,000 | $ 172,000 |
| New Hanover County North Carolina | 1 | $ 65,000 | $ 65,000 | $ 102,000 |
| Butler County Ohio | 1 | $ 199,000 | $ 199,000 | $ 71,000 |
| Mahoning County Ohio | 1 | $ 155,000 | $ 155,000 | $ 93,000 |
| Payne County Oklahoma | 1 | $ 14,000 | $ 14,000 | $ 96,000 |
| Pottawatomie County Oklahoma | 1 | $ 260,000 | $ 260,000 | $ 112,000 |
| Cambria County Pennsylvania | 1 | $ 144,000 | $ 144,000 | $ 36,000 |
| Carbon County Pennsylvania | 1 | $ 130,000 | $ 130,000 | $ 113,000 |
| Cumberland County Pennsylvania | 1 | $ 285,000 | $ 285,000 | $ 102,000 |
| Franklin County Pennsylvania | 1 | $ 39,000 | $ 39,000 | $ 129,000 |
| Fulton County Pennsylvania | 1 | $ 87,000 | $ 87,000 | $ 102,000 |
| Mifflin County Pennsylvania | 1 | $ 89,000 | $ 89,000 | $ 47,000 |
| Monroe County Pennsylvania | 1 | $ 51,000 | $ 51,000 | $ 24,000 |
| Northampton County Pennsylvania | 1 | $ 380,000 | $ 380,000 | $ 128,000 |
| Perry County Pennsylvania | 1 | $ 289,000 | $ 289,000 | $ 242,000 |
| Tioga County Pennsylvania | 1 | $ 180,000 | $ 180,000 | $ 150,000 |
| Dorchester County South Carolina | 1 | $ 255,000 | $ 255,000 | $ 60,000 |
| Greenville County South Carolina | 1 | $ 265,000 | $ 265,000 | $ 115,000 |
| Newberry County South Carolina | 1 | $ 256,000 | $ 256,000 | $ 106,000 |
| Pickens County South Carolina | 1 | $ 130,000 | $ 130,000 | $ 91,000 |
| Sumter County South Carolina | 1 | $ 18,000 | $ 18,000 | $ 34,000 |
| Greene County Tennessee | 1 | $ 400,000 | $ 400,000 | $ 207,000 |
| Shelby County Tennessee | 1 | $ 307,000 | $ 307,000 | $ 112,000 |
| Dallas County Texas | 1 | $ 412,000 | $ 412,000 | $ 155,000 |
| Denton County Texas | 1 | $ 520,000 | $ 520,000 | $ 385,000 |
| Fort Bend County Texas | 1 | $ 356,000 | $ 356,000 | $ 155,000 |
| Harris County Texas | 1 | $ 130,000 | $ 130,000 | $ 46,000 |
| Salt Lake County Utah | 1 | $ 179,000 | $ 179,000 | $ 141,000 |
| Chittenden County Vermont | 1 | $ 353,000 | $ 353,000 | $ 204,000 |
| Alexandria County Virginia | 1 | $ 615,000 | $ 615,000 | $ 228,000 |
| Franklin County Virginia | 1 | $ 128,000 | $ 128,000 | $ 62,000 |
| Montgomery County Virginia | 1 | $ 263,000 | $ 263,000 | $ 75,000 |
| Spotsylvania County Virginia | 1 | $ 19,000 | $ 19,000 | $ 7,000 |
| Kitsap County Washington | 1 | $ 368,000 | $ 368,000 | $ 145,000 |
| Skagit County Washington | 1 | $ 96,000 | $ 96,000 | $ 34,000 |
| Hampshire County West Virginia | 1 | $ 140,000 | $ 140,000 | $ 148,000 |
| Harrison County West Virginia | 1 | $ 70,000 | $ 70,000 | $ 75,000 |
| Raleigh County West Virginia | 1 | $ 144,000 | $ 144,000 | $ 101,000 |
| Taylor County West Virginia | 1 | $ 178,000 | $ 178,000 | $ 67,000 |
| Dane County Wisconsin | 1 | $ 300,000 | $ 300,000 | $ 121,000 |
| Washington County Wisconsin | 1 | $ 523,000 | $ 523,000 | $ 225,000 |
Mortgage Loan Application Detail Totals for Tower Federal Credit Union in 2016
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 | 868 | $223,400,000 | $257,000 | $834,000 | $137,000 | $529,000 |
| Home Purchase | 680 | $183,430,000 | $269,000 | $725,000 | $117,000 | $438,000 |
| Home Improvement | 75 | $7,905,000 | $105,000 | $600,000 | $129,000 | $296,000 |
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 | 923 | $235,371,000 | $255,000 | $834,000 | $128,000 | $529,000 |
| Not Provided | 443 | $112,387,000 | $253,000 | $725,000 | $137,000 | $430,000 |
| Black or African American | 159 | $40,829,000 | $256,000 | $672,000 | $112,000 | $417,000 |
| Asian | 45 | $12,997,000 | $288,000 | $646,000 | $134,000 | $447,000 |
| Hispanic | 34 | $8,800,000 | $258,000 | $676,000 | $101,000 | $236,000 |
| American Indian or Alaskan Native | 13 | $2,819,000 | $216,000 | $476,000 | $111,000 | $255,000 |
| Native Hawaiin or Other Pacific Islander | 6 | $1,532,000 | $255,000 | $342,000 | $147,000 | $256,000 |
| 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) | 1,598 | $407,397,000 | $254,000 | $834,000 | $128,000 | $529,000 |
| VA-guaranteed (Veterans Administration) | 25 | $7,338,000 | $293,000 | $510,000 | $136,000 | $252,000 |
| 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 | 889 | $230,175,000 | $258,000 | $834,000 | $135,000 | $447,000 |
| Application Withdrawn By Applicant | 301 | $75,560,000 | $251,000 | $680,000 | $125,000 | $529,000 |
| Application Denied By Financial Institution | 257 | $60,334,000 | $234,000 | $679,000 | $107,000 | $438,000 |
| File Closed For Incompleteness | 169 | $46,663,000 | $276,000 | $725,000 | $129,000 | $368,000 |
| Application Approved But Not Accepted | 7 | $2,003,000 | $286,000 | $420,000 | $149,000 | $242,000 |
| 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 | 99 | $21,741,000 | $219,000 | $672,000 | $114,000 | $385,000 |
| Debt-To-Income Ratio | 73 | $18,005,000 | $246,000 | $679,000 | $75,000 | $273,000 |
| Collateral | 39 | $10,035,000 | $257,000 | $630,000 | $138,000 | $417,000 |
| Other | 28 | $6,483,000 | $231,000 | $549,000 | $119,000 | $438,000 |
| Employment History | 6 | $2,083,000 | $347,000 | $645,000 | $128,000 | $254,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,039,000 | $173,000 | $260,000 | $81,000 | $130,000 |
| Unverifiable Information | 3 | $583,000 | $194,000 | $260,000 | $189,000 | $222,000 |
| Mortgage Insurance Denied | 1 | $35,000 | $35,000 | $35,000 | $94,000 | $94,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tower Federal Credit Union's 2016 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.