University Credit Union Miami Mortgage Lending & HMDA Data, 2023
In 2023, University Credit Union Miami of Miami, FL reported 56 mortgage applications totaling $5.8 million. The average application was for $102,857, and applicants reported an average income of $155,857. 59% of its applications resulted in an originated loan and 41% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (25) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (5).
| Mortgage Company & Address | University Credit Union Miami 1611 Nw 12th Ave Miami, FL 33136 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 |
| Total Number of Mortgage Applications | 56 |
| Total Mortgage Loan Application Amount | $5,760,000 |
| Average Mortgage Loan Application Amount | $102,857 |
| Highest Mortgage Loan Application Amount | $255,000 |
| Average Applicant Income | $155,857 |
| Highest Applicant Income | $526,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records University Credit Union Miami filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for University Credit Union Miami in 2023
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 | 42 | $4,350,000 | $103,000 | $255,000 | $173,000 | $526,000 |
| Other Purpose | 13 | $1,285,000 | $98,000 | $255,000 | $102,000 | $203,000 |
| Refinancing | 1 | $125,000 | $125,000 | $125,000 | $136,000 | $136,000 |
| Home Purchase | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Cash-out Refinancing | 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 |
|---|---|---|---|---|---|---|
| Hispanic | 33 | $3,145,000 | $95,000 | $255,000 | $175,000 | $526,000 |
| White | 15 | $1,655,000 | $110,000 | $255,000 | $140,000 | $319,000 |
| Asian | 3 | $405,000 | $135,000 | $255,000 | $129,000 | $230,000 |
| Black or African American | 3 | $335,000 | $111,000 | $155,000 | $91,000 | $175,000 |
| American Indian or Alaskan Native | 1 | $135,000 | $135,000 | $135,000 | $118,000 | $118,000 |
| Not Provided | 1 | $85,000 | $85,000 | $85,000 | $66,000 | $66,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 56 | $5,760,000 | $102,000 | $255,000 | $156,000 | $526,000 |
| 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 | 33 | $3,505,000 | $106,000 | $255,000 | $164,000 | $319,000 |
| Application Denied By Financial Institution | 23 | $2,255,000 | $98,000 | $255,000 | $144,000 | $526,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 33 | $3,505,000 | $106,000 | $255,000 | $164,000 | $319,000 |
| Debt-To-Income Ratio | 9 | $1,065,000 | $118,000 | $255,000 | $81,000 | $111,000 |
| Credit History | 7 | $515,000 | $73,000 | $105,000 | $156,000 | $360,000 |
| Other | 5 | $605,000 | $121,000 | $255,000 | $205,000 | $526,000 |
| Collateral | 1 | $35,000 | $35,000 | $35,000 | $379,000 | $379,000 |
| Credit Application Incomplete | 1 | $35,000 | $35,000 | $35,000 | $86,000 | $86,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into University Credit Union Miami's 2023 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 University Credit Union Miami'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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