United Federal Credit Union Mortgage Lending & HMDA Data, 2012

In 2012, United Federal Credit Union of St. Joseph, MI reported 3,272 mortgage applications totaling $351.8 million, up 1% from 2011. The average application was for $107,511, and applicants reported an average income of $71,980. 44% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Niles-Benton Harbor, MI (1,155), Fort Smith, AR-OK (260) and South Bend-Mishawaka, IN-MI (144) (applications in parentheses).

Mortgage Company & Address United Federal Credit Union
2807 South State St
St. Joseph, MI 49085
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 3,272
Total Mortgage Loan Application Amount $351,778,000
Average Mortgage Loan Application Amount $107,511
Highest Mortgage Loan Application Amount $3,000,000
Average Applicant Income $71,980
Highest Applicant Income $1,122,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records United Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for United Federal Credit Union by County in 2012

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Berrien, Michigan 1,155 $ 124,436,000 $ 107,736 $ 75,000
Ottawa, Michigan 137 $ 12,935,000 $ 94,416 $ 70,000
Marion, Ohio 132 $ 8,093,000 $ 61,310 $ 58,000
Sebastian, Arkansas 115 $ 8,832,000 $ 76,800 $ 64,000
Cass, Michigan 103 $ 9,075,000 $ 88,106 $ 60,000
Washoe, Nevada 103 $ 14,102,000 $ 136,912 $ 78,000
Iredell, North Carolina 94 $ 9,245,000 $ 98,351 $ 60,000
Crawford, Arkansas 73 $ 4,888,000 $ 66,958 $ 67,000
Allegan, Michigan 65 $ 5,828,000 $ 89,661 $ 63,000
Henderson, North Carolina 61 $ 7,210,000 $ 118,196 $ 67,000
Van Buren, Michigan 57 $ 4,411,000 $ 77,385 $ 63,000
Buncombe, North Carolina 51 $ 10,349,000 $ 202,921 $ 158,000
Le Flore, Oklahoma 44 $ 3,722,000 $ 84,590 $ 65,000
St. Joseph, Indiana 41 $ 4,130,000 $ 100,731 $ 65,000
Lake, Indiana 39 $ 3,508,000 $ 89,948 $ 77,000
Kent, Michigan 20 $ 1,304,000 $ 65,200 $ 73,000
Sequoyah, Oklahoma 19 $ 1,434,000 $ 75,473 $ 62,000
Kalamazoo, Michigan 14 $ 1,319,000 $ 94,214 $ 58,000
Crawford, Ohio 14 $ 706,000 $ 50,428 $ 51,000
Union, Ohio 14 $ 785,000 $ 56,071 $ 60,000
Morrow, Ohio 13 $ 735,000 $ 56,538 $ 66,000
Franklin, Arkansas 9 $ 426,000 $ 47,333 $ 74,000
Sargent, North Dakota 9 $ 736,000 $ 81,777 $ 83,000
Porter, Indiana 7 $ 933,000 $ 133,285 $ 88,000
Rowan, North Carolina 7 $ 344,000 $ 49,142 $ 46,000
Muskegon, Michigan 6 $ 226,000 $ 37,666 $ 50,000
Catawba, North Carolina 6 $ 687,000 $ 114,500 $ 38,000
Logan, Arkansas 5 $ 332,000 $ 66,400 $ 51,000
Cook, Illinois 5 $ 3,267,000 $ 653,400 $ 271,000
Washtenaw, Michigan 5 $ 229,000 $ 45,800 $ 141,000
Mecklenburg, North Carolina 5 $ 1,167,000 $ 233,400 $ 115,000
Delaware, Ohio 5 $ 348,000 $ 69,600 $ 99,000
Maricopa, Arizona 4 $ 1,310,000 $ 327,500 $ 96,000
Elkhart, Indiana 4 $ 375,000 $ 93,750 $ 57,000
LaPorte, Indiana 4 $ 599,000 $ 149,750 $ 103,000
Oakland, Michigan 4 $ 484,000 $ 121,000 $ 64,000
Hardin, Ohio 4 $ 224,000 $ 56,000 $ 72,000
Haskell, Oklahoma 4 $ 351,000 $ 87,750 $ 61,000
Scott, Arkansas 3 $ 137,000 $ 45,666 $ 43,000
DuPage, Illinois 3 $ 944,000 $ 314,666 $ 195,000
Hamilton, Indiana 3 $ 350,000 $ 116,666 $ 70,000
Marion, Indiana 3 $ 598,000 $ 199,333 $ 697,000
Ingham, Michigan 3 $ 160,000 $ 53,333 $ 43,000
Newaygo, Michigan 3 $ 338,000 $ 112,666 $ 87,000
Ramsey, Minnesota 3 $ 192,000 $ 64,000 $ 45,000
Humboldt, Nevada 3 $ 609,000 $ 203,000 $ 83,000
Lyon, Nevada 3 $ 214,000 $ 71,333 $ 97,000
Alexander, North Carolina 3 $ 132,000 $ 44,000 $ 67,000
Haywood, North Carolina 3 $ 241,000 $ 80,333 $ 82,000
Pinal, Arizona 2 $ 168,000 $ 84,000 $ 51,000
Placer, California 2 $ 272,000 $ 136,000 $ 113,000
Santa Clara, California 2 $ 2,758,000 $ 1,379,000 $ 317,000
Sierra, California 2 $ 245,000 $ 122,500 $ 112,000
Miami-Dade, Florida 2 $ 453,000 $ 226,500 $ 156,000
Palm Beach, Florida 2 $ 551,000 $ 275,500 $ 114,000
Walton, Florida 2 $ 339,000 $ 169,500 $ 205,000
LaSalle, Illinois 2 $ 266,000 $ 133,000 $ 165,000
Barry, Michigan 2 $ 630,000 $ 315,000 $ 138,000
Benzie, Michigan 2 $ 523,000 $ 261,500 $ 268,000
Clinton, Michigan 2 $ 362,000 $ 181,000 $ 95,000
Jackson, Michigan 2 $ 198,000 $ 99,000 $ 133,000
Manistee, Michigan 2 $ 105,000 $ 52,500 $ 61,000
Mason, Michigan 2 $ 116,000 $ 58,000 $ 42,000
Montcalm, Michigan 2 $ 106,000 $ 53,000 $ 72,000
Burke, North Carolina 2 $ 603,000 $ 301,500 $ 79,000
Davie, North Carolina 2 $ 213,000 $ 106,500 $ 33,000
Union, North Carolina 2 $ 231,000 $ 115,500 $ 125,000
Yadkin, North Carolina 2 $ 76,000 $ 38,000 $ 41,000
Seneca, Ohio 2 $ 784,000 $ 392,000 $ 132,000
Adams, Pennsylvania 2 $ 320,000 $ 160,000 $ 89,000
Charleston, South Carolina 2 $ 260,000 $ 130,000 $ 145,000
York, South Carolina 2 $ 467,000 $ 233,500 $ 235,000
Rutherford, Tennessee 2 $ 437,000 $ 218,500 $ 123,000
Williamson, Tennessee 2 $ 693,000 $ 346,500 $ 182,000
Benton, Arkansas 1 $ 25,000 $ 25,000 $ 32,000
Faulkner, Arkansas 1 $ 20,000 $ 20,000 $ 72,000
Johnson, Arkansas 1 $ 132,000 $ 132,000 $ 95,000
Montgomery, Arkansas 1 $ 52,000 $ 52,000 $ 101,000
Polk, Arkansas 1 $ 35,000 $ 35,000 $ 11,000
Yell, Arkansas 1 $ 58,000 $ 58,000 $ 29,000
Alameda, California 1 $ 40,000 $ 40,000 $ 0
Lassen, California 1 $ 52,000 $ 52,000 $ 21,000
Plumas, California 1 $ 117,000 $ 117,000 $ 76,000
Riverside, California 1 $ 160,000 $ 160,000 $ 28,000
Santa Cruz, California 1 $ 338,000 $ 338,000 $ 111,000
Jefferson, Colorado 1 $ 240,000 $ 240,000 $ 326,000
Larimer, Colorado 1 $ 255,000 $ 255,000 $ 150,000
Park, Colorado 1 $ 89,000 $ 89,000 $ 71,000
Pueblo, Colorado 1 $ 123,000 $ 123,000 $ 50,000
Brevard, Florida 1 $ 221,000 $ 221,000 $ 35,000
Collier, Florida 1 $ 1,236,000 $ 1,236,000 $ 421,000
Hardee, Florida 1 $ 125,000 $ 125,000 $ 35,000
Orange, Florida 1 $ 125,000 $ 125,000 $ 75,000
Pinellas, Florida 1 $ 50,000 $ 50,000 $ 98,000
Seminole, Florida 1 $ 202,000 $ 202,000 $ 69,000
Chatham, Georgia 1 $ 100,000 $ 100,000 $ 101,000
Cobb, Georgia 1 $ 122,000 $ 122,000 $ 185,000
Fayette, Georgia 1 $ 62,000 $ 62,000 $ 33,000
Kane, Illinois 1 $ 139,000 $ 139,000 $ 102,000
McHenry, Illinois 1 $ 295,000 $ 295,000 $ 224,000
Will, Illinois 1 $ 15,000 $ 15,000 $ 87,000
Boone, Indiana 1 $ 35,000 $ 35,000 $ 40,000
Jasper, Indiana 1 $ 295,000 $ 295,000 $ 202,000
Kosciusko, Indiana 1 $ 15,000 $ 15,000 $ 113,000
Marshall, Indiana 1 $ 122,000 $ 122,000 $ 34,000
Noble, Indiana 1 $ 336,000 $ 336,000 $ 248,000
Parke, Indiana 1 $ 23,000 $ 23,000 $ 29,000
Whitley, Indiana 1 $ 25,000 $ 25,000 $ 105,000
Pottawattamie, Iowa 1 $ 49,000 $ 49,000 $ 28,000
Daviess, Kentucky 1 $ 25,000 $ 25,000 $ 78,000
Chippewa, Michigan 1 $ 12,000 $ 12,000 $ 55,000
Delta, Michigan 1 $ 30,000 $ 30,000 $ 86,000
Emmet, Michigan 1 $ 107,000 $ 107,000 $ 67,000
Genesee, Michigan 1 $ 110,000 $ 110,000 $ 97,000
Gladwin, Michigan 1 $ 104,000 $ 104,000 $ 164,000
Gogebic, Michigan 1 $ 336,000 $ 336,000 $ 112,000
Leelanau, Michigan 1 $ 215,000 $ 215,000 $ 74,000
Lenawee, Michigan 1 $ 152,000 $ 152,000 $ 75,000
Livingston, Michigan 1 $ 30,000 $ 30,000 $ 102,000
Marquette, Michigan 1 $ 55,000 $ 55,000 $ 140,000
Midland, Michigan 1 $ 160,000 $ 160,000 $ 71,000
Oceana, Michigan 1 $ 133,000 $ 133,000 $ 157,000
Saginaw, Michigan 1 $ 8,000 $ 8,000 $ 48,000
Wexford, Michigan 1 $ 241,000 $ 241,000 $ 222,000
Hennepin, Minnesota 1 $ 166,000 $ 166,000 $ 85,000
Otter Tail, Minnesota 1 $ 85,000 $ 85,000 $ 144,000
Jasper, Missouri 1 $ 106,000 $ 106,000 $ 125,000
Carson City, Nevada 1 $ 68,000 $ 68,000 $ 37,000
Churchill, Nevada 1 $ 19,000 $ 19,000 $ 90,000
Eureka, Nevada 1 $ 106,000 $ 106,000 $ 31,000
Storey, Nevada 1 $ 150,000 $ 150,000 $ 97,000
Burlington, New Jersey 1 $ 142,000 $ 142,000 $ 149,000
Onondaga, New York 1 $ 123,000 $ 123,000 $ 115,000
Cabarrus, North Carolina 1 $ 68,000 $ 68,000 $ 61,000
Guilford, North Carolina 1 $ 44,000 $ 44,000 $ 43,000
Madison, North Carolina 1 $ 50,000 $ 50,000 $ 46,000
Pamlico, North Carolina 1 $ 174,000 $ 174,000 $ 51,000
Polk, North Carolina 1 $ 5,000 $ 5,000 $ 32,000
Rutherford, North Carolina 1 $ 242,000 $ 242,000 $ 256,000
Stokes, North Carolina 1 $ 1,252,000 $ 1,252,000 $ 205,000
Surry, North Carolina 1 $ 163,000 $ 163,000 $ 72,000
Transylvania, North Carolina 1 $ 30,000 $ 30,000 $ 26,000
Yancey, North Carolina 1 $ 220,000 $ 220,000 $ 48,000
Dickey, North Dakota 1 $ 66,000 $ 66,000 $ 153,000
Ransom, North Dakota 1 $ 145,000 $ 145,000 $ 118,000
Hancock, Ohio 1 $ 194,000 $ 194,000 $ 96,000
Jackson, Ohio 1 $ 142,000 $ 142,000 $ 89,000
Lorain, Ohio 1 $ 75,000 $ 75,000 $ 76,000
Montgomery, Ohio 1 $ 264,000 $ 264,000 $ 0
Warren, Ohio 1 $ 50,000 $ 50,000 $ 47,000
Wyandot, Ohio 1 $ 25,000 $ 25,000 $ 70,000
Latimer, Oklahoma 1 $ 43,000 $ 43,000 $ 16,000
Muskogee, Oklahoma 1 $ 170,000 $ 170,000 $ 115,000
Oklahoma, Oklahoma 1 $ 30,000 $ 30,000 $ 32,000
Osage, Oklahoma 1 $ 274,000 $ 274,000 $ 85,000
Spartanburg, South Carolina 1 $ 55,000 $ 55,000 $ 38,000
Blount, Tennessee 1 $ 90,000 $ 90,000 $ 96,000
Bradley, Tennessee 1 $ 60,000 $ 60,000 $ 44,000
Davidson, Tennessee 1 $ 115,000 $ 115,000 $ 55,000
Knox, Tennessee 1 $ 10,000 $ 10,000 $ 30,000
Loudon, Tennessee 1 $ 100,000 $ 100,000 $ 71,000
Sevier, Tennessee 1 $ 177,000 $ 177,000 $ 34,000
Collin, Texas 1 $ 203,000 $ 203,000 $ 150,000
Kaufman, Texas 1 $ 442,000 $ 442,000 $ 146,000
New Kent, Virginia 1 $ 212,000 $ 212,000 $ 94,000
Stafford, Virginia 1 $ 318,000 $ 318,000 $ 185,000
Spokane, Washington 1 $ 52,000 $ 52,000 $ 196,000
McDowell, West Virginia 1 $ 15,000 $ 15,000 $ 31,000
Jefferson, Wisconsin 1 $ 100,000 $ 100,000 $ 180,000
Laramie, Wyoming 1 $ 40,000 $ 40,000 $ 75,000

Mortgage Loan Application Detail Totals for United Federal Credit Union in 2012

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 1,286 $178,564,000 $138,000 $3,000,000 $78,000 $1,067,000
Home Purchase 1,075 $137,496,000 $127,000 $1,730,000 $69,000 $1,122,000
Home Improvement 911 $35,718,000 $39,000 $1,017,000 $67,000 $524,000

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 2,415 $281,050,000 $116,000 $3,000,000 $75,000 $1,122,000
Not Provided 633 $47,416,000 $74,000 $700,000 $65,000 $350,000
Hispanic 81 $9,127,000 $112,000 $536,000 $61,000 $248,000
Black or African American 70 $6,111,000 $87,000 $389,000 $54,000 $240,000
Asian 46 $5,688,000 $123,000 $458,000 $72,000 $159,000
Not applicable 14 $838,000 $59,000 $175,000 $0 $0
American Indian or Alaskan Native 9 $753,000 $83,000 $205,000 $75,000 $167,000
Native Hawaiian or Other Pacific Islander 4 $795,000 $198,000 $380,000 $72,000 $184,000

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) 3,129 $335,308,000 $107,000 $3,000,000 $73,000 $1,122,000
FHA-insured (Federal Housing Administration) 100 $10,755,000 $107,000 $314,000 $51,000 $189,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 22 $2,511,000 $114,000 $203,000 $47,000 $70,000
VA-guaranteed (Veterans Administration) 21 $3,204,000 $152,000 $310,000 $57,000 $115,000

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 1,445 $158,410,000 $109,000 $1,427,000 $77,000 $902,000
Application Withdrawn By Applicant 821 $88,890,000 $108,000 $3,000,000 $78,000 $1,122,000
Application Denied By Financial Institution 482 $42,747,000 $88,000 $1,730,000 $56,000 $941,000
File Closed For Incompleteness 282 $39,254,000 $139,000 $1,400,000 $74,000 $900,000
Preapproval Denied by Financial Institution 231 $20,528,000 $88,000 $612,000 $45,000 $270,000
Application Approved But Not Accepted 9 $1,663,000 $184,000 $640,000 $89,000 $250,000
Preapproval Approved but not Accepted 2 $286,000 $143,000 $238,000 $79,000 $113,000
Loan Purchased By The 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 374 $29,169,000 $77,000 $612,000 $51,000 $433,000
Debt-To-Income Ratio 120 $12,817,000 $106,000 $432,000 $44,000 $155,000
Collateral 84 $9,763,000 $116,000 $416,000 $62,000 $189,000
Employment History 17 $1,853,000 $109,000 $402,000 $53,000 $198,000
Insufficient Cash (Downpayment, Closing Cost) 16 $3,553,000 $222,000 $1,730,000 $114,000 $941,000
Other 7 $586,000 $83,000 $134,000 $58,000 $88,000
Unverifiable Information 4 $277,000 $69,000 $112,000 $32,000 $41,000
Mortgage Insurance Denied 1 $143,000 $143,000 $143,000 $89,000 $89,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into United Federal Credit Union's 2012 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 United 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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