Tower Federal Credit Union Mortgage Lending & HMDA Data, 2025
In 2025, Tower Federal Credit Union of Laurel, MD reported 5,952 mortgage applications totaling $1.2 billion, down 1% from 2024. The average application was for $198,802, and applicants reported an average income of $209,340. 61% of its applications resulted in an originated loan and 27% were denied. Its largest markets were Baltimore-Columbia-Towson, MD (1,817), Arlington-Alexandria-Reston, VA-WV (718) and Washington-Baltimore-Arlington, DC (427) (applications in parentheses).
| 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 | 2025 2024 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 | 5,952 |
| Total Mortgage Loan Application Amount | $1,183,270,000 |
| Average Mortgage Loan Application Amount | $198,802 |
| Highest Mortgage Loan Application Amount | $1,505,000 |
| Average Applicant Income | $209,340 |
| Highest Applicant Income | $4,502,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Tower Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Baltimore-Columbia-Towson, MD | 1,817 | $ 358,275,000 | $ 197,179 | $ 193,000 |
| Arlington-Alexandria-Reston, VA-WV | 718 | $ 157,120,000 | $ 218,830 | $ 243,523 |
| Washington-Baltimore-Arlington, DC | 427 | $ 99,705,000 | $ 233,501 | $ 232,000 |
| Washington, DC-MD | 359 | $ 65,245,000 | $ 181,740 | $ 211,011 |
| Outside any metro area | 312 | $ 61,120,000 | $ 195,897 | $ 212,352 |
| Richmond, VA | 167 | $ 31,125,000 | $ 186,377 | $ 201,000 |
| Montgomery County-Bucks County-Chester County, PA | 152 | $ 25,630,000 | $ 168,618 | $ 215,000 |
| Lakewood-New Brunswick, NJ | 121 | $ 24,185,000 | $ 199,876 | $ 223,000 |
| Newark, NJ-PA | 97 | $ 24,055,000 | $ 247,989 | $ 284,000 |
| Lexington Park, MD | 96 | $ 14,960,000 | $ 155,833 | $ 185,000 |
| Chicago-Naperville, IL | 90 | $ 14,200,000 | $ 157,777 | $ 195,000 |
| Charlotte-Concord-Gastonia, NC-SC | 88 | $ 21,350,000 | $ 242,613 | $ 262,818 |
| Atlanta-Sandy Springs-Roswell, GA | 68 | $ 13,300,000 | $ 195,588 | $ 200,000 |
| Philadelphia, PA | 64 | $ 10,180,000 | $ 159,062 | $ 203,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 64 | $ 11,790,000 | $ 184,218 | $ 205,718 |
| New York-Jersey City-White Plains, NY-NJ | 58 | $ 12,320,000 | $ 212,413 | $ 216,362 |
| Camden, NJ | 55 | $ 8,815,000 | $ 160,272 | $ 191,000 |
| Charlottesville, VA | 48 | $ 9,150,000 | $ 190,625 | $ 249,000 |
| Charleston-North Charleston, SC | 47 | $ 9,945,000 | $ 211,595 | $ 216,000 |
| Wilmington, DE-MD-NJ | 43 | $ 6,075,000 | $ 141,279 | $ 173,674 |
| Hagerstown-Martinsburg, MD-WV | 34 | $ 4,380,000 | $ 128,823 | $ 139,294 |
| Denver-Aurora-Lakewood, CO | 30 | $ 6,420,000 | $ 214,000 | $ 223,000 |
| York-Hanover, PA | 28 | $ 5,910,000 | $ 211,071 | $ 164,000 |
| Marietta, GA | 27 | $ 3,475,000 | $ 128,703 | $ 200,000 |
| Nassau County-Suffolk County, NY | 27 | $ 5,715,000 | $ 211,666 | $ 202,000 |
| Raleigh, NC | 27 | $ 7,145,000 | $ 264,629 | $ 224,000 |
| Atlantic City-Hammonton, NJ | 26 | $ 6,910,000 | $ 265,769 | $ 321,000 |
| Wilmington, NC | 20 | $ 4,970,000 | $ 248,500 | $ 220,000 |
| Columbia, SC | 19 | $ 2,955,000 | $ 155,526 | $ 168,000 |
| Phoenix-Mesa-Scottsdale, AZ | 19 | $ 3,405,000 | $ 179,210 | $ 175,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 19 | $ 4,575,000 | $ 240,789 | $ 187,000 |
| Los Angeles-Long Beach-Glendale, CA | 17 | $ 5,555,000 | $ 326,764 | $ 322,000 |
| Salisbury, MD-DE | 17 | $ 1,985,000 | $ 116,764 | $ 165,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 16 | $ 2,540,000 | $ 158,750 | $ 260,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 16 | $ 2,950,000 | $ 184,375 | $ 198,000 |
| Gettysburg, PA | 16 | $ 4,450,000 | $ 278,125 | $ 134,000 |
| Greenville-Anderson-Mauldin, SC | 16 | $ 2,220,000 | $ 138,750 | $ 153,000 |
| Orlando-Kissimmee-Sanford, FL | 16 | $ 2,750,000 | $ 171,875 | $ 150,000 |
| Pittsburgh, PA | 16 | $ 1,660,000 | $ 103,750 | $ 152,000 |
| Riverside-San Bernardino-Ontario, CA | 16 | $ 3,590,000 | $ 224,375 | $ 158,000 |
| Cambridge-Newton-Framingham, MA | 15 | $ 3,065,000 | $ 204,333 | $ 318,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 14 | $ 2,280,000 | $ 162,857 | $ 150,000 |
| North Port-Sarasota-Bradenton, FL | 13 | $ 3,815,000 | $ 293,461 | $ 195,000 |
| Tampa, FL | 13 | $ 3,065,000 | $ 235,769 | $ 141,000 |
| Winchester, VA-WV | 13 | $ 2,105,000 | $ 161,923 | $ 136,076 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 12 | $ 1,970,000 | $ 164,166 | $ 133,000 |
| Jacksonville, FL | 11 | $ 2,365,000 | $ 215,000 | $ 296,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 11 | $ 2,545,000 | $ 231,363 | $ 135,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 10 | $ 2,980,000 | $ 298,000 | $ 199,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 10 | $ 1,680,000 | $ 168,000 | $ 154,000 |
| Trenton, NJ | 10 | $ 2,800,000 | $ 280,000 | $ 263,000 |
| Asheville, NC | 9 | $ 1,435,000 | $ 159,444 | $ 240,000 |
| Cape Coral-Fort Myers, FL | 9 | $ 2,315,000 | $ 257,222 | $ 159,000 |
| Cincinnati, OH-KY-IN | 9 | $ 915,000 | $ 101,666 | $ 182,111 |
| Chambersburg-Waynesboro, PA | 8 | $ 980,000 | $ 122,500 | $ 128,000 |
| Cleveland, OH | 8 | $ 830,000 | $ 103,750 | $ 113,000 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | 8 | $ 1,300,000 | $ 162,500 | $ 205,000 |
| Las Vegas-Henderson-Paradise, NV | 8 | $ 1,470,000 | $ 183,750 | $ 185,000 |
| Miami-Miami Beach-Kendall, FL | 8 | $ 980,000 | $ 122,500 | $ 201,000 |
| San Diego-Carlsbad, CA | 8 | $ 2,450,000 | $ 306,250 | $ 237,000 |
| State College, PA | 8 | $ 1,990,000 | $ 248,750 | $ 539,000 |
| Columbus, OH | 7 | $ 2,105,000 | $ 300,714 | $ 206,000 |
| Elgin, IL | 7 | $ 1,115,000 | $ 159,285 | $ 200,000 |
| Lynchburg, VA | 7 | $ 1,405,000 | $ 200,714 | $ 129,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 7 | $ 1,085,000 | $ 155,000 | $ 236,571 |
| Providence-Warwick, RI-MA | 7 | $ 1,145,000 | $ 163,571 | $ 182,142 |
| Boston, MA | 6 | $ 850,000 | $ 141,666 | $ 220,000 |
| Durham-Chapel Hill, NC | 6 | $ 570,000 | $ 95,000 | $ 209,000 |
| Harrisburg-Carlisle, PA | 6 | $ 1,000,000 | $ 166,666 | $ 157,000 |
| Hartford-West Hartford-East Hartford, CT | 6 | $ 1,620,000 | $ 270,000 | $ 838,000 |
| Lakeland-Winter Haven, FL | 6 | $ 490,000 | $ 81,666 | $ 121,000 |
| Oakland-Hayward-Berkeley, CA | 6 | $ 900,000 | $ 150,000 | $ 245,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 6 | $ 1,420,000 | $ 236,666 | $ 274,000 |
| St. Louis, MO-IL | 6 | $ 1,790,000 | $ 298,333 | $ 176,000 |
| St. Petersburg-Clearwater-Largo, FL | 6 | $ 1,050,000 | $ 175,000 | $ 117,000 |
| Staunton-Waynesboro, VA | 6 | $ 1,700,000 | $ 283,333 | $ 155,000 |
| Warren-Troy-Farmington Hills, MI | 6 | $ 970,000 | $ 161,666 | $ 103,000 |
| Wildwood-The Villages, FL | 6 | $ 1,560,000 | $ 260,000 | $ 181,000 |
| Anaheim-Santa Ana-Irvine, CA | 5 | $ 2,505,000 | $ 501,000 | $ 281,000 |
| Augusta-Richmond County, GA-SC | 5 | $ 585,000 | $ 117,000 | $ 137,400 |
| Bakersfield, CA | 5 | $ 505,000 | $ 101,000 | $ 259,000 |
| Birmingham-Hoover, AL | 5 | $ 555,000 | $ 111,000 | $ 147,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 5 | $ 745,000 | $ 149,000 | $ 89,000 |
| Kansas City, MO-KS | 5 | $ 1,285,000 | $ 257,000 | $ 255,800 |
| Lake County-Kenosha County, IL-WI | 5 | $ 725,000 | $ 145,000 | $ 197,000 |
| Pinehurst-Southern Pines, NC | 5 | $ 785,000 | $ 157,000 | $ 184,000 |
| Punta Gorda, FL | 5 | $ 1,395,000 | $ 279,000 | $ 142,000 |
| Seattle-Bellevue-Everett, WA | 5 | $ 1,065,000 | $ 213,000 | $ 192,000 |
| Sebastian-Vero Beach, FL | 5 | $ 1,065,000 | $ 213,000 | $ 597,000 |
| Barnstable Town, MA | 4 | $ 570,000 | $ 142,500 | $ 161,000 |
| Chattanooga, TN-GA | 4 | $ 520,000 | $ 130,000 | $ 110,000 |
| Dover, DE | 4 | $ 410,000 | $ 102,500 | $ 166,000 |
| Greeley, CO | 4 | $ 750,000 | $ 187,500 | $ 150,000 |
| Greensboro-High Point, NC | 4 | $ 590,000 | $ 147,500 | $ 170,000 |
| Knoxville, TN | 4 | $ 1,250,000 | $ 312,500 | $ 131,000 |
| Lancaster, PA | 4 | $ 420,000 | $ 105,000 | $ 70,000 |
| Louisville/Jefferson County, KY-IN | 4 | $ 950,000 | $ 237,500 | $ 140,000 |
| Memphis, TN-MS-AR | 4 | $ 290,000 | $ 72,500 | $ 140,250 |
| Pensacola-Ferry Pass-Brent, FL | 4 | $ 360,000 | $ 90,000 | $ 127,000 |
| Portland-South Portland, ME | 4 | $ 950,000 | $ 237,500 | $ 611,000 |
| Roanoke, VA | 4 | $ 960,000 | $ 240,000 | $ 118,000 |
| Salt Lake City, UT | 4 | $ 1,160,000 | $ 290,000 | $ 341,000 |
| San Francisco-Redwood City-South San Francisco, CA | 4 | $ 910,000 | $ 227,500 | $ 319,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 4 | $ 530,000 | $ 132,500 | $ 171,000 |
| Spartanburg, SC | 4 | $ 730,000 | $ 182,500 | $ 136,000 |
| Tallahassee, FL | 4 | $ 500,000 | $ 125,000 | $ 71,000 |
| Tucson, AZ | 4 | $ 490,000 | $ 122,500 | $ 166,000 |
| Vineland-Bridgeton, NJ | 4 | $ 500,000 | $ 125,000 | $ 153,000 |
| Akron, OH | 3 | $ 465,000 | $ 155,000 | $ 237,000 |
| Blacksburg-Christiansburg-Radford, VA | 3 | $ 605,000 | $ 201,666 | $ 166,000 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 335,000 | $ 111,666 | $ 184,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 3 | $ 405,000 | $ 135,000 | $ 112,000 |
| Colorado Springs, CO | 3 | $ 685,000 | $ 228,333 | $ 166,000 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 575,000 | $ 191,666 | $ 240,000 |
| Everett, WA | 3 | $ 985,000 | $ 328,333 | $ 197,000 |
| Gainesville, FL | 3 | $ 215,000 | $ 71,666 | $ 87,000 |
| Harrisonburg, VA | 3 | $ 215,000 | $ 71,666 | $ 164,000 |
| Hickory-Lenoir-Morganton, NC | 3 | $ 555,000 | $ 185,000 | $ 367,000 |
| Houston-The Woodlands-Sugar Land, TX | 3 | $ 1,105,000 | $ 368,333 | $ 227,000 |
| Huntsville, AL | 3 | $ 675,000 | $ 225,000 | $ 129,000 |
| Indianapolis-Carmel-Anderson, IN | 3 | $ 565,000 | $ 188,333 | $ 165,000 |
| Jackson, MS | 3 | $ 395,000 | $ 131,666 | $ 191,000 |
| Missoula, MT | 3 | $ 985,000 | $ 328,333 | $ 202,000 |
| Oklahoma City, OK | 3 | $ 195,000 | $ 65,000 | $ 95,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 535,000 | $ 178,333 | $ 106,000 |
| Reading, PA | 3 | $ 965,000 | $ 321,666 | $ 209,000 |
| Reno, NV | 3 | $ 315,000 | $ 105,000 | $ 139,000 |
| San Antonio-New Braunfels, TX | 3 | $ 785,000 | $ 261,666 | $ 144,000 |
| Savannah, GA | 3 | $ 355,000 | $ 118,333 | $ 224,000 |
| Slidell-Mandeville-Covington, LA | 3 | $ 375,000 | $ 125,000 | $ 115,000 |
| Stockton-Lodi, CA | 3 | $ 555,000 | $ 185,000 | $ 276,000 |
| Vallejo-Fairfield, CA | 3 | $ 245,000 | $ 81,666 | $ 97,000 |
| Winston-Salem, NC | 3 | $ 645,000 | $ 215,000 | $ 259,000 |
| Albuquerque, NM | 2 | $ 130,000 | $ 65,000 | $ 151,000 |
| Ann Arbor, MI | 2 | $ 420,000 | $ 210,000 | $ 152,000 |
| Auburn-Opelika, AL | 2 | $ 250,000 | $ 125,000 | $ 144,000 |
| Baton Rouge, LA | 2 | $ 330,000 | $ 165,000 | $ 187,000 |
| Coeur D'Alene, ID | 2 | $ 820,000 | $ 410,000 | $ 234,000 |
| Columbia, MO | 2 | $ 200,000 | $ 100,000 | $ 275,000 |
| Dallas-Plano-Irving, TX | 2 | $ 1,970,000 | $ 985,000 | $ 373,000 |
| Dayton-Springfield-Kettering, OH | 2 | $ 210,000 | $ 105,000 | $ 194,000 |
| Fort Collins, CO | 2 | $ 360,000 | $ 180,000 | $ 547,000 |
| Fresno, CA | 2 | $ 180,000 | $ 90,000 | $ 276,000 |
| Green Bay, WI | 2 | $ 370,000 | $ 185,000 | $ 199,000 |
| Homosassa Springs, FL | 2 | $ 370,000 | $ 185,000 | $ 85,000 |
| Jackson, MI | 2 | $ 130,000 | $ 65,000 | $ 93,000 |
| Lake County-Porter County-Jasper County, IN | 2 | $ 120,000 | $ 60,000 | $ 141,000 |
| Lake Havasu City-Kingman, AZ | 2 | $ 410,000 | $ 205,000 | $ 75,000 |
| Lexington-Fayette, KY | 2 | $ 160,000 | $ 80,000 | $ 119,000 |
| Morgantown, WV | 2 | $ 460,000 | $ 230,000 | $ 126,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 610,000 | $ 305,000 | $ 599,000 |
| New Orleans-Metairie, LA | 2 | $ 160,000 | $ 80,000 | $ 131,000 |
| Ocala, FL | 2 | $ 380,000 | $ 190,000 | $ 84,000 |
| Ogden-Clearfield, UT | 2 | $ 270,000 | $ 135,000 | $ 163,000 |
| Provo-Orem, UT | 2 | $ 220,000 | $ 110,000 | $ 180,000 |
| Rocky Mount, NC | 2 | $ 230,000 | $ 115,000 | $ 84,000 |
| Tacoma-Lakewood, WA | 2 | $ 420,000 | $ 210,000 | $ 204,000 |
| Toledo, OH | 2 | $ 190,000 | $ 95,000 | $ 86,000 |
| Topeka, KS | 2 | $ 50,000 | $ 25,000 | $ 65,000 |
| Utica-Rome, NY | 2 | $ 230,000 | $ 115,000 | $ 118,000 |
| Worcester, MA-CT | 2 | $ 640,000 | $ 320,000 | $ 269,000 |
| Bend-Redmond, OR | 1 | $ 155,000 | $ 155,000 | $ 136,000 |
| Burlington, NC | 1 | $ 75,000 | $ 75,000 | $ 120,000 |
| Burlington-South Burlington, VT | 1 | $ 265,000 | $ 265,000 | $ 231,000 |
| Champaign-Urbana, IL | 1 | $ 185,000 | $ 185,000 | $ 341,000 |
| Charleston, WV | 1 | $ 85,000 | $ 85,000 | $ 145,000 |
| Columbus, IN | 1 | $ 115,000 | $ 115,000 | $ 85,000 |
| Corpus Christi, TX | 1 | $ 625,000 | $ 625,000 | $ 188,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 155,000 | $ 155,000 | $ 229,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 165,000 | $ 165,000 | $ 107,000 |
| Fayetteville, NC | 1 | $ 25,000 | $ 25,000 | $ 154,000 |
| Florence, SC | 1 | $ 175,000 | $ 175,000 | $ 277,000 |
| Fort Smith, AR-OK | 1 | $ 185,000 | $ 185,000 | $ 102,000 |
| Fort Wayne, IN | 1 | $ 195,000 | $ 195,000 | $ 262,000 |
| Fort Worth-Arlington, TX | 1 | $ 315,000 | $ 315,000 | $ 164,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 55,000 | $ 55,000 | $ 48,000 |
| Janesville-Beloit, WI | 1 | $ 115,000 | $ 115,000 | $ 40,000 |
| Jefferson City, MO | 1 | $ 55,000 | $ 55,000 | $ 85,000 |
| Joplin, MO | 1 | $ 45,000 | $ 45,000 | $ 110,000 |
| Kalamazoo-Portage, MI | 1 | $ 125,000 | $ 125,000 | $ 145,000 |
| Lake Charles, LA | 1 | $ 115,000 | $ 115,000 | $ 107,000 |
| Lebanon, PA | 1 | $ 35,000 | $ 35,000 | $ 143,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 205,000 | $ 205,000 | $ 475,000 |
| Macon-Bibb County, GA | 1 | $ 25,000 | $ 25,000 | $ 118,000 |
| Mankato-North Mankato, MN | 1 | $ 85,000 | $ 85,000 | $ 150,000 |
| Merced, CA | 1 | $ 45,000 | $ 45,000 | $ 106,000 |
| Michigan City-La Porte, IN | 1 | $ 355,000 | $ 355,000 | $ 475,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 175,000 | $ 175,000 | $ 185,000 |
| Monroe, MI | 1 | $ 65,000 | $ 65,000 | $ 97,000 |
| Morristown, TN | 1 | $ 65,000 | $ 65,000 | $ 72,000 |
| Muskegon, MI | 1 | $ 45,000 | $ 45,000 | $ 26,000 |
| Napa, CA | 1 | $ 235,000 | $ 235,000 | $ 321,000 |
| Norwich-New London, CT | 1 | $ 135,000 | $ 135,000 | $ 221,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 225,000 | $ 225,000 | $ 91,000 |
| Oshkosh-Neenah, WI | 1 | $ 75,000 | $ 75,000 | $ 56,000 |
| Pittsfield, MA | 1 | $ 405,000 | $ 405,000 | $ 202,000 |
| Port St. Lucie, FL | 1 | $ 125,000 | $ 125,000 | $ 191,000 |
| Rochester, NY | 1 | $ 95,000 | $ 95,000 | $ 124,000 |
| Rockford, IL | 1 | $ 45,000 | $ 45,000 | $ 96,000 |
| Rockingham County-Strafford County, NH | 1 | $ 45,000 | $ 45,000 | $ 132,000 |
| Salem, OR | 1 | $ 95,000 | $ 95,000 | $ 124,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 305,000 | $ 305,000 | $ 513,000 |
| San Rafael, CA | 1 | $ 375,000 | $ 375,000 | $ 79,000 |
| Santa Fe, NM | 1 | $ 525,000 | $ 525,000 | $ 165,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 255,000 | $ 255,000 | $ 132,000 |
| Shreveport-Bossier City, LA | 1 | $ 105,000 | $ 105,000 | $ 156,000 |
| Sioux City, IA-NE-SD | 1 | $ 45,000 | $ 45,000 | $ 64,000 |
| Spokane-Spokane Valley, WA | 1 | $ 185,000 | $ 185,000 | $ 402,000 |
| Springfield, IL | 1 | $ 75,000 | $ 75,000 | $ 69,000 |
| Sumter, SC | 1 | $ 115,000 | $ 115,000 | $ 60,000 |
| Syracuse, NY | 1 | $ 35,000 | $ 35,000 | $ 88,000 |
| Traverse City, MI | 1 | $ 55,000 | $ 55,000 | $ 120,000 |
| Tulsa, OK | 1 | $ 145,000 | $ 145,000 | $ 165,000 |
| Urban Honolulu, HI | 1 | $ 665,000 | $ 665,000 | $ 283,000 |
| Wausau, WI | 1 | $ 85,000 | $ 85,000 | $ 163,000 |
| Wichita, KS | 1 | $ 195,000 | $ 195,000 | $ 168,000 |
Mortgage Loan Application Detail Totals for Tower Federal Credit Union in 2025
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 Improvement | 2,356 | $352,160,000 | $149,000 | $615,000 | $203,000 | $3,201,000 |
| Cash-out Refinancing | 1,225 | $272,335,000 | $222,000 | $1,505,000 | $208,000 | $1,914,000 |
| Other Purpose | 1,165 | $155,015,000 | $133,000 | $505,000 | $188,000 | $3,900,000 |
| Home Purchase | 1,053 | $335,355,000 | $318,000 | $1,505,000 | $247,000 | $4,502,000 |
| Refinancing | 153 | $68,405,000 | $447,000 | $1,285,000 | $221,000 | $1,287,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 3,800 | $761,520,000 | $200,000 | $1,505,000 | $207,000 | $4,502,000 |
| Not Provided | 999 | $207,435,000 | $207,000 | $1,505,000 | $243,000 | $3,900,000 |
| Black or African American | 496 | $78,950,000 | $159,000 | $1,165,000 | $168,000 | $805,000 |
| Hispanic | 319 | $53,555,000 | $167,000 | $1,005,000 | $197,000 | $4,032,000 |
| Asian | 303 | $75,585,000 | $249,000 | $1,165,000 | $212,000 | $797,000 |
| American Indian or Alaskan Native | 28 | $5,280,000 | $188,000 | $525,000 | $178,000 | $402,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $945,000 | $135,000 | $305,000 | $184,000 | $315,000 |
| 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) | 5,949 | $1,181,865,000 | $198,000 | $1,505,000 | $210,000 | $4,502,000 |
| VA-guaranteed (Veterans Administration) | 3 | $1,405,000 | $468,000 | $605,000 | $174,000 | $184,000 |
| 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 | 3,617 | $714,795,000 | $197,000 | $1,505,000 | $214,000 | $2,347,000 |
| Application Denied By Financial Institution | 1,612 | $270,860,000 | $168,000 | $1,165,000 | $189,000 | $4,032,000 |
| Application Withdrawn By Applicant | 463 | $137,535,000 | $297,000 | $1,255,000 | $241,000 | $4,502,000 |
| File Closed For Incompleteness | 186 | $43,930,000 | $236,000 | $1,005,000 | $207,000 | $1,160,000 |
| Application Approved But Not Accepted | 74 | $16,150,000 | $218,000 | $605,000 | $233,000 | $765,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 4,340 | $912,410,000 | $210,000 | $1,505,000 | $217,000 | $4,502,000 |
| Debt-To-Income Ratio | 729 | $135,175,000 | $185,000 | $1,165,000 | $130,000 | $688,000 |
| Credit History | 394 | $53,920,000 | $136,000 | $735,000 | $253,000 | $4,032,000 |
| Other | 360 | $61,850,000 | $171,000 | $1,165,000 | $248,000 | $3,900,000 |
| Collateral | 77 | $11,045,000 | $143,000 | $595,000 | $201,000 | $1,536,000 |
| Unverifiable Information | 25 | $4,375,000 | $175,000 | $625,000 | $131,000 | $437,000 |
| Employment History | 17 | $2,415,000 | $142,000 | $305,000 | $84,000 | $348,000 |
| Mortgage Insurance Denied | 8 | $1,140,000 | $142,000 | $245,000 | $145,000 | $204,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $940,000 | $470,000 | $645,000 | $159,000 | $180,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tower Federal Credit Union's 2025 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.
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