Tower Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2017

Tower Federal Credit Union 2017 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 1,316
Total Mortgage Loan Application Amount $323,348,000
Average Mortgage Loan Application Amount $210,666
Highest Mortgage Loan Application Amount $840,000
Average Applicant Income $130,000
Highest Applicant Income $1,257,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2017 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 2017 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 2017.

Mortgage Loan Application Totals for Tower Federal Credit Union by County in 2017

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 410 $ 102,280,000 $ 249,000 $ 126,000
Howard County Maryland 170 $ 49,352,000 $ 290,000 $ 140,000
Baltimore County Maryland 127 $ 28,417,000 $ 223,000 $ 115,000
Carroll County Maryland 80 $ 21,667,000 $ 270,000 $ 136,000
Prince George's County Maryland 66 $ 16,243,000 $ 246,000 $ 114,000
Baltimore City County Maryland 53 $ 9,365,000 $ 176,000 $ 91,000
Montgomery County Maryland 35 $ 11,424,000 $ 326,000 $ 162,000
Harford County Maryland 24 $ 6,588,000 $ 274,000 $ 141,000
Sussex County Delaware 20 $ 4,854,000 $ 242,000 $ 154,000
Frederick County Maryland 19 $ 4,248,000 $ 223,000 $ 136,000
Queen Anne's County Maryland 17 $ 5,349,000 $ 314,000 $ 152,000
Worcester County Maryland 12 $ 2,224,000 $ 185,000 $ 161,000
Fairfax County Virginia 12 $ 3,684,000 $ 307,000 $ 144,000
Horry County South Carolina 8 $ 1,491,000 $ 186,000 $ 135,000
District of Columbia County District Of Columbia 7 $ 1,322,000 $ 188,000 $ 117,000
Calvert County Maryland 7 $ 1,722,000 $ 246,000 $ 136,000
York County Pennsylvania 7 $ 1,283,000 $ 183,000 $ 141,000
Caroline County Maryland 6 $ 907,000 $ 151,000 $ 131,000
Bexar County Texas 6 $ 1,193,000 $ 198,000 $ 106,000
Loudoun County Virginia 6 $ 1,413,000 $ 235,000 $ 131,000
Charles County Maryland 5 $ 1,516,000 $ 303,000 $ 109,000
St. Mary's County Maryland 5 $ 1,239,000 $ 247,000 $ 137,000
Talbot County Maryland 5 $ 1,355,000 $ 271,000 $ 107,000
Pasco County Florida 4 $ 898,000 $ 224,000 $ 95,000
Honolulu County Hawaii 4 $ 2,343,000 $ 585,000 $ 154,000
Cecil County Maryland 4 $ 903,000 $ 225,000 $ 150,000
Mecklenburg County North Carolina 4 $ 1,337,000 $ 334,000 $ 209,000
Chesterfield County Virginia 4 $ 763,000 $ 190,000 $ 90,000
Jefferson County West Virginia 4 $ 481,000 $ 120,000 $ 118,000
Broward County Florida 3 $ 566,000 $ 188,000 $ 81,000
Hillsborough County Florida 3 $ 687,000 $ 229,000 $ 199,000
Pinellas County Florida 3 $ 767,000 $ 255,000 $ 108,000
Columbia County Georgia 3 $ 545,000 $ 181,000 $ 106,000
Dorchester County Maryland 3 $ 819,000 $ 273,000 $ 169,000
Cheshire County New Hampshire 3 $ 485,000 $ 161,000 $ 361,000
Berkeley County West Virginia 3 $ 276,000 $ 92,000 $ 56,000
Maricopa County Arizona 2 $ 624,000 $ 312,000 $ 120,000
Larimer County Colorado 2 $ 321,000 $ 160,000 $ 142,000
New Haven County Connecticut 2 $ 193,000 $ 96,000 $ 167,000
Kent County Delaware 2 $ 275,000 $ 137,000 $ 73,000
New Castle County Delaware 2 $ 223,000 $ 111,000 $ 116,000
Charlotte County Florida 2 $ 656,000 $ 328,000 $ 278,000
Lake County Florida 2 $ 449,000 $ 224,000 $ 170,000
Marion County Florida 2 $ 167,000 $ 83,000 $ 96,000
Sarasota County Florida 2 $ 677,000 $ 338,000 $ 149,000
Seminole County Florida 2 $ 755,000 $ 377,000 $ 138,000
Sumter County Florida 2 $ 571,000 $ 285,000 $ 113,000
Gwinnett County Georgia 2 $ 305,000 $ 152,000 $ 132,000
Tattnall County Georgia 2 $ 129,000 $ 64,000 $ 121,000
Delaware County Indiana 2 $ 40,000 $ 20,000 $ 71,000
Fayette County Kentucky 2 $ 402,000 $ 201,000 $ 103,000
Cumberland County Maine 2 $ 566,000 $ 283,000 $ 267,000
Middlesex County New Jersey 2 $ 704,000 $ 352,000 $ 298,000
Somerset County New Jersey 2 $ 694,000 $ 347,000 $ 323,000
Brunswick County North Carolina 2 $ 369,000 $ 184,000 $ 185,000
Forsyth County North Carolina 2 $ 148,000 $ 74,000 $ 84,000
Wake County North Carolina 2 $ 532,000 $ 266,000 $ 99,000
Adams County Pennsylvania 2 $ 393,000 $ 196,000 $ 76,000
Franklin County Pennsylvania 2 $ 247,000 $ 123,000 $ 89,000
Philadelphia County Pennsylvania 2 $ 419,000 $ 209,000 $ 75,000
Charleston County South Carolina 2 $ 258,000 $ 129,000 $ 57,000
Harris County Texas 2 $ 314,000 $ 157,000 $ 59,000
Alexandria County Virginia 2 $ 637,000 $ 318,000 $ 113,000
Clarke County Virginia 2 $ 60,000 $ 30,000 $ 114,000
Poquoson County Virginia 2 $ 1,120,000 $ 560,000 $ 169,000
Hardy County West Virginia 2 $ 284,000 $ 142,000 $ 113,000
Barbour County Alabama 1 $ 107,000 $ 107,000 $ 161,000
Riverside County California 1 $ 171,000 $ 171,000 $ 69,000
Sacramento County California 1 $ 179,000 $ 179,000 $ 52,000
Arapahoe County Colorado 1 $ 378,000 $ 378,000 $ 113,000
Denver County Colorado 1 $ 160,000 $ 160,000 $ 84,000
Douglas County Colorado 1 $ 444,000 $ 444,000 $ 172,000
El Paso County Colorado 1 $ 223,000 $ 223,000 $ 95,000
Grand County Colorado 1 $ 97,000 $ 97,000 $ 195,000
Brevard County Florida 1 $ 243,000 $ 243,000 $ 256,000
Clay County Florida 1 $ 232,000 $ 232,000 $ 135,000
Collier County Florida 1 $ 500,000 $ 500,000 $ 160,000
Manatee County Florida 1 $ 175,000 $ 175,000 $ 82,000
Martin County Florida 1 $ 100,000 $ 100,000 $ 112,000
Monroe County Florida 1 $ 319,000 $ 319,000 $ 167,000
Polk County Florida 1 $ 168,000 $ 168,000 $ 98,000
Cherokee County Georgia 1 $ 158,000 $ 158,000 $ 62,000
Fulton County Georgia 1 $ 140,000 $ 140,000 $ 339,000
Glynn County Georgia 1 $ 150,000 $ 150,000 $ 85,000
Henry County Georgia 1 $ 72,000 $ 72,000 $ 137,000
Richmond County Georgia 1 $ 176,000 $ 176,000 $ 94,000
Cook County Illinois 1 $ 209,000 $ 209,000 $ 135,000
Franklin County Indiana 1 $ 161,000 $ 161,000 $ 130,000
Owen County Indiana 1 $ 156,000 $ 156,000 $ 51,000
Poweshiek County Iowa 1 $ 102,000 $ 102,000 $ 31,000
Jefferson County Kentucky 1 $ 238,000 $ 238,000 $ 99,000
Caddo County Louisiana 1 $ 40,000 $ 40,000 $ 40,000
Kent County Maryland 1 $ 445,000 $ 445,000 $ 155,000
Somerset County Maryland 1 $ 84,000 $ 84,000 $ 170,000
Washington County Maryland 1 $ 140,000 $ 140,000 $ 40,000
Wicomico County Maryland 1 $ 94,000 $ 94,000 $ 159,000
Essex County Massachusetts 1 $ 18,000 $ 18,000 $ 125,000
Plymouth County Massachusetts 1 $ 434,000 $ 434,000 $ 190,000
Worcester County Massachusetts 1 $ 154,000 $ 154,000 $ 119,000
Isabella County Michigan 1 $ 190,000 $ 190,000 $ 86,000
Muskegon County Michigan 1 $ 190,000 $ 190,000 $ 159,000
Oakland County Michigan 1 $ 133,000 $ 133,000 $ 130,000
Hennepin County Minnesota 1 $ 198,000 $ 198,000 $ 100,000
Greene County Missouri 1 $ 27,000 $ 27,000 $ 91,000
St. Charles County Missouri 1 $ 348,000 $ 348,000 $ 117,000
Sarpy County Nebraska 1 $ 304,000 $ 304,000 $ 108,000
Burlington County New Jersey 1 $ 136,000 $ 136,000 $ 82,000
Essex County New Jersey 1 $ 306,000 $ 306,000 $ 182,000
Gloucester County New Jersey 1 $ 200,000 $ 200,000 $ 225,000
Morris County New Jersey 1 $ 114,000 $ 114,000 $ 360,000
Warren County New Jersey 1 $ 50,000 $ 50,000 $ 220,000
Delaware County New York 1 $ 75,000 $ 75,000 $ 52,000
Orange County New York 1 $ 300,000 $ 300,000 $ 125,000
Suffolk County New York 1 $ 428,000 $ 428,000 $ 130,000
Beaufort County North Carolina 1 $ 152,000 $ 152,000 $ 83,000
Cabarrus County North Carolina 1 $ 130,000 $ 130,000 $ 58,000
Cumberland County North Carolina 1 $ 36,000 $ 36,000 $ 45,000
Dare County North Carolina 1 $ 170,000 $ 170,000 $ 190,000
Guilford County North Carolina 1 $ 351,000 $ 351,000 $ 280,000
Halifax County North Carolina 1 $ 38,000 $ 38,000 $ 20,000
Harnett County North Carolina 1 $ 305,000 $ 305,000 $ 148,000
Iredell County North Carolina 1 $ 167,000 $ 167,000 $ 35,000
Montgomery County North Carolina 1 $ 689,000 $ 689,000 $ 255,000
Orange County North Carolina 1 $ 400,000 $ 400,000 $ 120,000
Bedford County Pennsylvania 1 $ 243,000 $ 243,000 $ 244,000
Blair County Pennsylvania 1 $ 53,000 $ 53,000 $ 61,000
Bucks County Pennsylvania 1 $ 140,000 $ 140,000 $ 118,000
Carbon County Pennsylvania 1 $ 100,000 $ 100,000 $ 209,000
Centre County Pennsylvania 1 $ 145,000 $ 145,000 $ 65,000
Chester County Pennsylvania 1 $ 243,000 $ 243,000 $ 60,000
Columbia County Pennsylvania 1 $ 149,000 $ 149,000 $ 70,000
Cumberland County Pennsylvania 1 $ 316,000 $ 316,000 $ 156,000
Pike County Pennsylvania 1 $ 88,000 $ 88,000 $ 51,000
Potter County Pennsylvania 1 $ 55,000 $ 55,000 $ 183,000
Somerset County Pennsylvania 1 $ 298,000 $ 298,000 $ 174,000
Aiken County South Carolina 1 $ 304,000 $ 304,000 $ 161,000
Beaufort County South Carolina 1 $ 260,000 $ 260,000 $ 164,000
Pickens County South Carolina 1 $ 10,000 $ 10,000 $ 68,000
Hawkins County Tennessee 1 $ 100,000 $ 100,000 $ 91,000
Loudon County Tennessee 1 $ 195,000 $ 195,000 $ 120,000
Morgan County Tennessee 1 $ 177,000 $ 177,000 $ 98,000
Washington County Tennessee 1 $ 124,000 $ 124,000 $ 209,000
Wilson County Tennessee 1 $ 310,000 $ 310,000 $ 90,000
Bandera County Texas 1 $ 750,000 $ 750,000 $ 192,000
Bell County Texas 1 $ 174,000 $ 174,000 $ 94,000
Collin County Texas 1 $ 315,000 $ 315,000 $ 109,000
Dallas County Texas 1 $ 180,000 $ 180,000 $ 131,000
Harrison County Texas 1 $ 107,000 $ 107,000 $ 66,000
Davis County Utah 1 $ 233,000 $ 233,000 $ 57,000
Accomack County Virginia 1 $ 103,000 $ 103,000 $ 36,000
Arlington County Virginia 1 $ 324,000 $ 324,000 $ 94,000
Caroline County Virginia 1 $ 151,000 $ 151,000 $ 121,000
Culpeper County Virginia 1 $ 370,000 $ 370,000 $ 120,000
Essex County Virginia 1 $ 55,000 $ 55,000 $ 1,000
Fauquier County Virginia 1 $ 30,000 $ 30,000 $ 122,000
Franklin County Virginia 1 $ 223,000 $ 223,000 $ 134,000
Lynchburg County Virginia 1 $ 20,000 $ 20,000 $ 47,000
Newport News County Virginia 1 $ 80,000 $ 80,000 $ 69,000
Norfolk County Virginia 1 $ 332,000 $ 332,000 $ 155,000
Prince William County Virginia 1 $ 317,000 $ 317,000 $ 157,000
Richmond City County Virginia 1 $ 170,000 $ 170,000 $ 122,000
Spotsylvania County Virginia 1 $ 54,000 $ 54,000 $ 251,000
Stafford County Virginia 1 $ 15,000 $ 15,000 $ 209,000
Warren County Virginia 1 $ 325,000 $ 325,000 $ 56,000
King County Washington 1 $ 248,000 $ 248,000 $ 115,000
Pierce County Washington 1 $ 100,000 $ 100,000 $ 100,000
Whatcom County Washington 1 $ 380,000 $ 380,000 $ 91,000
Grant County West Virginia 1 $ 172,000 $ 172,000 $ 95,000
Morgan County West Virginia 1 $ 271,000 $ 271,000 $ 138,000
Raleigh County West Virginia 1 $ 97,000 $ 97,000 $ 43,000

Mortgage Loan Application Detail Totals for Tower Federal Credit Union in 2017

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
Home Purchase 658 $177,570,000 $269,000 $834,000 $123,000 $479,000
Refinancing 520 $129,995,000 $249,000 $840,000 $135,000 $1,257,000
Home Improvement 138 $15,783,000 $114,000 $504,000 $132,000 $366,000

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 798 $196,716,000 $246,000 $788,000 $128,000 $780,000
Not Provided 318 $80,506,000 $253,000 $840,000 $141,000 $1,257,000
Black or African American 143 $30,107,000 $210,000 $710,000 $106,000 $309,000
Hispanic 28 $8,417,000 $300,000 $563,000 $135,000 $200,000
Asian 17 $5,385,000 $316,000 $834,000 $115,000 $270,000
American Indian or Alaskan Native 9 $1,387,000 $154,000 $321,000 $113,000 $182,000
Native Hawaiian or Other Pacific Islander 3 $830,000 $276,000 $330,000 $101,000 $127,000
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) 1,283 $313,172,000 $244,000 $840,000 $129,000 $1,257,000
VA-guaranteed (Veterans Administration) 33 $10,176,000 $308,000 $636,000 $127,000 $261,000
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 671 $163,874,000 $244,000 $788,000 $131,000 $366,000
Application Withdrawn By Applicant 251 $65,892,000 $262,000 $840,000 $131,000 $498,000
Application Denied By Financial Institution 223 $46,278,000 $207,000 $580,000 $116,000 $1,257,000
File Closed For Incompleteness 170 $47,284,000 $278,000 $710,000 $132,000 $540,000
Application Approved But Not Accepted 1 $20,000 $20,000 $20,000 $120,000 $120,000
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 92 $19,241,000 $209,000 $580,000 $121,000 $1,257,000
Debt-To-Income Ratio 68 $15,465,000 $227,000 $552,000 $85,000 $360,000
Collateral 38 $7,865,000 $206,000 $563,000 $151,000 $334,000
Other 17 $2,141,000 $125,000 $400,000 $146,000 $780,000
Employment History 3 $679,000 $226,000 $383,000 $105,000 $216,000
Insufficient Cash (Downpayment, Closing Cost) 2 $530,000 $265,000 $290,000 $118,000 $134,000
Unverifiable Information 2 $347,000 $173,000 $200,000 $56,000 $65,000
Mortgage Insurance Denied 1 $10,000 $10,000 $10,000 $85,000 $85,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Tower Federal Credit Union's 2017 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.
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