United Savings Credit Union Mortgage Lending & HMDA Data, 2016
In 2016, United Savings Credit Union of Fargo, ND reported 94 mortgage applications totaling $8.5 million. The average application was for $90,212, and applicants reported an average income of $68,765. 76% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Fargo, ND-MN (69) and Grand Forks, ND-MN (1).
| Mortgage Company & Address | United Savings Credit Union 1001 1st Ave N Fargo, ND 58102 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 |
| Total Number of Mortgage Applications | 94 |
| Total Mortgage Loan Application Amount | $8,480,000 |
| Average Mortgage Loan Application Amount | $90,212 |
| Highest Mortgage Loan Application Amount | $365,000 |
| Average Applicant Income | $68,765 |
| Highest Applicant Income | $193,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records United Savings Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cass, North Dakota | 44 | $ 3,644,000 | $ 82,818 | $ 70,000 |
| Clay, Minnesota | 25 | $ 2,129,000 | $ 85,160 | $ 60,000 |
| Otter Tail, Minnesota | 8 | $ 1,313,000 | $ 164,125 | $ 75,000 |
| Becker, Minnesota | 6 | $ 553,000 | $ 92,166 | $ 90,000 |
| Norman, Minnesota | 3 | $ 244,000 | $ 81,333 | $ 25,000 |
| Sargent, North Dakota | 2 | $ 68,000 | $ 34,000 | $ 121,000 |
| Hubbard, Minnesota | 1 | $ 25,000 | $ 25,000 | $ 90,000 |
| Grand Forks, North Dakota | 1 | $ 76,000 | $ 76,000 | $ 108,000 |
| Richland, North Dakota | 1 | $ 228,000 | $ 228,000 | $ 122,000 |
| Steele, North Dakota | 1 | $ 47,000 | $ 47,000 | $ 37,000 |
| Traill, North Dakota | 1 | $ 28,000 | $ 28,000 | $ 23,000 |
Mortgage Loan Application Detail Totals for United Savings 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 | 47 | $3,780,000 | $80,000 | $255,000 | $70,000 | $193,000 |
| Home Improvement | 26 | $2,288,000 | $88,000 | $365,000 | $72,000 | $139,000 |
| Home Purchase | 21 | $2,412,000 | $114,000 | $220,000 | $62,000 | $162,000 |
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 | 84 | $7,600,000 | $90,000 | $365,000 | $75,000 | $193,000 |
| Not applicable | 8 | $820,000 | $102,000 | $158,000 | $0 | $0 |
| Black or African American | 2 | $60,000 | $30,000 | $50,000 | $86,000 | $125,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 94 | $8,480,000 | $90,000 | $365,000 | $68,000 | $193,000 |
| 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 |
| VA-guaranteed (Veterans Administration) | 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 | 71 | $6,229,000 | $87,000 | $365,000 | $70,000 | $193,000 |
| Application Denied By Financial Institution | 16 | $1,704,000 | $106,000 | $300,000 | $59,000 | $125,000 |
| Application Approved But Not Accepted | 5 | $273,000 | $54,000 | $120,000 | $80,000 | $149,000 |
| Application Withdrawn By Applicant | 1 | $184,000 | $184,000 | $184,000 | $59,000 | $59,000 |
| File Closed For Incompleteness | 1 | $90,000 | $90,000 | $90,000 | $40,000 | $40,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into United Savings 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 United Savings 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 North Dakota, download the full spreadsheet
with aggregated HMDA statistics today.
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