Usalliance Federal Credit Union Mortgage Lending & HMDA Data, 2018

In 2018, Usalliance Federal Credit Union of Rye, NY reported 1,977 mortgage applications totaling $514.7 million, up 322% from 2017. The average application was for $260,361, and applicants reported an average income of $234,940. 57% of its applications resulted in an originated loan and 22% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (659), Cambridge-Newton-Framingham, MA (289) and Boston, MA (192) (applications in parentheses).

Mortgage Company & Address Usalliance Federal Credit Union
411 Theodore Fremd Ave, Suite 350
Rye, NY 10580
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 1,977
Total Mortgage Loan Application Amount $514,735,000
Average Mortgage Loan Application Amount $260,361
Highest Mortgage Loan Application Amount $5,305,000
Average Applicant Income $234,940
Highest Applicant Income $3,826,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Usalliance Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Usalliance Federal Credit Union by County in 2018

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Middlesex, Massachusetts 215 $ 41,255,000 $ 191,883 $ 198,000
Westchester, New York 196 $ 49,240,000 $ 251,224 $ 241,000
Fairfield, Connecticut 175 $ 75,895,000 $ 433,685 $ 317,000
Kings, New York 108 $ 46,090,000 $ 426,759 $ 242,000
Suffolk, Massachusetts 106 $ 24,470,000 $ 230,849 $ 224,000
Bergen, New Jersey 81 $ 29,025,000 $ 358,333 $ 259,000
Essex, Massachusetts 74 $ 10,290,000 $ 139,054 $ 179,000
Norfolk, Massachusetts 69 $ 16,405,000 $ 237,753 $ 230,000
Sullivan, New York 51 $ 4,275,000 $ 83,823 $ 89,000
Nassau, New York 47 $ 20,125,000 $ 428,191 $ 367,000
Hudson, New Jersey 45 $ 11,525,000 $ 256,111 $ 228,000
Monmouth, New Jersey 42 $ 11,810,000 $ 281,190 $ 313,000
Suffolk, New York 40 $ 23,790,000 $ 594,750 $ 555,000
Morris, New Jersey 39 $ 12,535,000 $ 321,410 $ 275,000
Essex, New Jersey 35 $ 12,945,000 $ 369,857 $ 247,000
Worcester, Massachusetts 33 $ 3,595,000 $ 108,939 $ 190,000
Rockland, New York 32 $ 7,750,000 $ 242,187 $ 165,000
Queens, New York 28 $ 7,660,000 $ 273,571 $ 199,000
Passaic, New Jersey 22 $ 4,250,000 $ 193,181 $ 148,000
Orange, New York 22 $ 3,120,000 $ 141,818 $ 86,000
New Haven, Connecticut 20 $ 2,750,000 $ 137,500 $ 201,000
Richmond, New York 20 $ 3,590,000 $ 179,500 $ 153,000
Ulster, New York 20 $ 1,820,000 $ 91,000 $ 91,000
Putnam, New York 18 $ 2,970,000 $ 165,000 $ 151,000
Plymouth, Massachusetts 17 $ 1,595,000 $ 93,823 $ 161,000
Bronx, New York 17 $ 1,795,000 $ 105,588 $ 152,000
Cook, Illinois 16 $ 2,530,000 $ 158,125 $ 172,000
Ocean, New Jersey 16 $ 6,140,000 $ 383,750 $ 322,000
Barnstable, Massachusetts 15 $ 5,035,000 $ 335,666 $ 418,000
Middlesex, New Jersey 15 $ 1,945,000 $ 129,666 $ 156,000
New York, New York 15 $ 6,085,000 $ 405,666 $ 400,000
Broward, Florida 14 $ 2,330,000 $ 166,428 $ 163,000
Bristol, Massachusetts 14 $ 1,470,000 $ 105,000 $ 183,000
Hillsborough, New Hampshire 14 $ 1,630,000 $ 116,428 $ 187,000
Palm Beach, Florida 13 $ 3,865,000 $ 297,307 $ 456,000
Union, New Jersey 12 $ 2,790,000 $ 232,500 $ 189,000
Miami-Dade, Florida 11 $ 5,455,000 $ 495,909 $ 441,000
Rockingham, New Hampshire 11 $ 1,875,000 $ 170,454 $ 193,000
Somerset, New Jersey 10 $ 3,340,000 $ 334,000 $ 249,000
Dutchess, New York 9 $ 3,685,000 $ 409,444 $ 392,000
Pinellas, Florida 7 $ 1,595,000 $ 227,857 $ 270,000
Hartford, Connecticut 6 $ 1,030,000 $ 171,666 $ 212,000
Sussex, New Jersey 6 $ 790,000 $ 131,666 $ 118,000
Philadelphia, Pennsylvania 6 $ 1,560,000 $ 260,000 $ 140,000
Dukes, Massachusetts 5 $ 2,045,000 $ 409,000 $ 218,000
Mercer, New Jersey 5 $ 1,465,000 $ 293,000 $ 586,000
Monroe, Pennsylvania 5 $ 485,000 $ 97,000 $ 96,000
Los Angeles, California 4 $ 1,230,000 $ 307,500 $ 174,000
Middlesex, Connecticut 4 $ 1,010,000 $ 252,500 $ 318,000
Lake, Illinois 4 $ 870,000 $ 217,500 $ 278,000
Merrimack, New Hampshire 4 $ 470,000 $ 117,500 $ 189,000
Chester, Pennsylvania 4 $ 400,000 $ 100,000 $ 289,000
Litchfield, Connecticut 3 $ 635,000 $ 211,666 $ 97,000
Sussex, Delaware 3 $ 445,000 $ 148,333 $ 104,000
Cumberland, Maine 3 $ 205,000 $ 68,333 $ 239,000
York, Maine 3 $ 235,000 $ 78,333 $ 137,000
Belknap, New Hampshire 3 $ 185,000 $ 61,666 $ 314,000
Carroll, New Hampshire 3 $ 195,000 $ 65,000 $ 274,000
Mecklenburg, North Carolina 3 $ 395,000 $ 131,666 $ 80,000
Wake, North Carolina 3 $ 125,000 $ 41,666 $ 152,000
Bucks, Pennsylvania 3 $ 475,000 $ 158,333 $ 240,000
Delaware, Pennsylvania 3 $ 915,000 $ 305,000 $ 387,000
Providence, Rhode Island 3 $ 345,000 $ 115,000 $ 181,000
Maricopa, Arizona 2 $ 460,000 $ 230,000 $ 80,000
New London, Connecticut 2 $ 330,000 $ 165,000 $ 104,000
Tolland, Connecticut 2 $ 230,000 $ 115,000 $ 495,000
Collier, Florida 2 $ 1,350,000 $ 675,000 $ 979,000
Manatee, Florida 2 $ 270,000 $ 135,000 $ 255,000
Orange, Florida 2 $ 780,000 $ 390,000 $ 87,000
Walton, Florida 2 $ 380,000 $ 190,000 $ 102,000
Bartow, Georgia 2 $ 50,000 $ 25,000 $ 62,000
Cherokee, Georgia 2 $ 280,000 $ 140,000 $ 74,000
Cobb, Georgia 2 $ 160,000 $ 80,000 $ 119,000
Kane, Illinois 2 $ 320,000 $ 160,000 $ 304,000
Anne Arundel, Maryland 2 $ 60,000 $ 30,000 $ 100,000
Hampden, Massachusetts 2 $ 110,000 $ 55,000 $ 74,000
Grafton, New Hampshire 2 $ 210,000 $ 105,000 $ 147,000
Atlantic, New Jersey 2 $ 160,000 $ 80,000 $ 89,000
Burlington, New Jersey 2 $ 390,000 $ 195,000 $ 200,000
Hunterdon, New Jersey 2 $ 130,000 $ 65,000 $ 235,000
Warren, New Jersey 2 $ 50,000 $ 25,000 $ 90,000
Albany, New York 2 $ 350,000 $ 175,000 $ 218,000
Wilson, North Carolina 2 $ 50,000 $ 25,000 $ 10,000
Lorain, Ohio 2 $ 110,000 $ 55,000 $ 273,000
Berks, Pennsylvania 2 $ 220,000 $ 110,000 $ 222,000
Wayne, Pennsylvania 2 $ 260,000 $ 130,000 $ 70,000
Newport, Rhode Island 2 $ 100,000 $ 50,000 $ 172,000
Fort Bend, Texas 2 $ 310,000 $ 155,000 $ 43,000
Chesterfield, Virginia 2 $ 210,000 $ 105,000 $ 32,000
Fairfax, Virginia 2 $ 400,000 $ 200,000 $ 444,000
Mohave, Arizona 1 $ 25,000 $ 25,000 $ 175,000
Sebastian, Arkansas 1 $ 55,000 $ 55,000 $ 64,000
Alameda, California 1 $ 145,000 $ 145,000 $ 174,000
Contra Costa, California 1 $ 325,000 $ 325,000 $ 185,000
Marin, California 1 $ 1,005,000 $ 1,005,000 $ 128,000
Orange, California 1 $ 255,000 $ 255,000 $ 356,000
Placer, California 1 $ 75,000 $ 75,000 $ 192,000
San Diego, California 1 $ 25,000 $ 25,000 $ 82,000
San Mateo, California 1 $ 205,000 $ 205,000 $ 183,000
District of Columbia, District Of Columbia 1 $ 235,000 $ 235,000 $ 185,000
Charlotte, Florida 1 $ 155,000 $ 155,000 $ 88,000
Hernando, Florida 1 $ 55,000 $ 55,000 $ 21,000
Indian River, Florida 1 $ 455,000 $ 455,000 $ 1,000,000
Monroe, Florida 1 $ 565,000 $ 565,000 $ 367,000
Osceola, Florida 1 $ 345,000 $ 345,000 $ 125,000
Polk, Florida 1 $ 75,000 $ 75,000 $ 44,000
Santa Rosa, Florida 1 $ 25,000 $ 25,000 $ 224,000
Sarasota, Florida 1 $ 95,000 $ 95,000 $ 94,000
St. Johns, Florida 1 $ 85,000 $ 85,000 $ 358,000
Bleckley, Georgia 1 $ 45,000 $ 45,000 $ 60,000
Colquitt, Georgia 1 $ 85,000 $ 85,000 $ 15,000
Gwinnett, Georgia 1 $ 25,000 $ 25,000 $ 0
DuPage, Illinois 1 $ 625,000 $ 625,000 $ 175,000
Will, Illinois 1 $ 25,000 $ 25,000 $ 80,000
St. Joseph, Indiana 1 $ 105,000 $ 105,000 $ 0
Page, Iowa 1 $ 45,000 $ 45,000 $ 35,000
Frederick, Maryland 1 $ 145,000 $ 145,000 $ 82,000
Montgomery, Maryland 1 $ 55,000 $ 55,000 $ 139,000
Washington, Maryland 1 $ 45,000 $ 45,000 $ 128,000
Worcester, Maryland 1 $ 235,000 $ 235,000 $ 47,000
Nantucket, Massachusetts 1 $ 95,000 $ 95,000 $ 147,000
Kalamazoo, Michigan 1 $ 35,000 $ 35,000 $ 0
Livingston, Michigan 1 $ 115,000 $ 115,000 $ 41,000
Macomb, Michigan 1 $ 175,000 $ 175,000 $ 246,000
Oakland, Michigan 1 $ 255,000 $ 255,000 $ 57,000
Hennepin, Minnesota 1 $ 105,000 $ 105,000 $ 134,000
Harrison, Mississippi 1 $ 35,000 $ 35,000 $ 14,000
Marshall, Mississippi 1 $ 45,000 $ 45,000 $ 142,000
Audrain, Missouri 1 $ 55,000 $ 55,000 $ 124,000
Delaware, New York 1 $ 155,000 $ 155,000 $ 141,000
Essex, New York 1 $ 265,000 $ 265,000 $ 129,000
Monroe, New York 1 $ 105,000 $ 105,000 $ 195,000
Onondaga, New York 1 $ 35,000 $ 35,000 $ 99,000
Saratoga, New York 1 $ 55,000 $ 55,000 $ 151,000
Wayne, New York 1 $ 485,000 $ 485,000 $ 96,000
Johnston, North Carolina 1 $ 105,000 $ 105,000 $ 71,000
Richmond, North Carolina 1 $ 55,000 $ 55,000 $ 65,000
Wayne, North Carolina 1 $ 105,000 $ 105,000 $ 95,000
Delaware, Ohio 1 $ 25,000 $ 25,000 $ 52,000
Franklin, Ohio 1 $ 55,000 $ 55,000 $ 49,000
Knox, Ohio 1 $ 35,000 $ 35,000 $ 44,000
Montgomery, Ohio 1 $ 175,000 $ 175,000 $ 190,000
Washington, Ohio 1 $ 25,000 $ 25,000 $ 36,000
Allegheny, Pennsylvania 1 $ 65,000 $ 65,000 $ 57,000
Franklin, Pennsylvania 1 $ 85,000 $ 85,000 $ 72,000
Lackawanna, Pennsylvania 1 $ 75,000 $ 75,000 $ 51,000
Montgomery, Pennsylvania 1 $ 45,000 $ 45,000 $ 200,000
Sullivan, Pennsylvania 1 $ 485,000 $ 485,000 $ 190,000
Cabo Rojo, Puerto Rico 1 $ 15,000 $ 15,000 $ 12,000
Kent, Rhode Island 1 $ 145,000 $ 145,000 $ 195,000
Georgetown, South Carolina 1 $ 155,000 $ 155,000 $ 89,000
York, South Carolina 1 $ 235,000 $ 235,000 $ 113,000
Meade, South Dakota 1 $ 115,000 $ 115,000 $ 71,000
Davis, Utah 1 $ 75,000 $ 75,000 $ 154,000
Lamoille, Vermont 1 $ 55,000 $ 55,000 $ 515,000
Loudoun, Virginia 1 $ 85,000 $ 85,000 $ 504,000
Prince William, Virginia 1 $ 105,000 $ 105,000 $ 285,000
Stafford, Virginia 1 $ 185,000 $ 185,000 $ 218,000
King, Washington 1 $ 265,000 $ 265,000 $ 86,000
Skagit, Washington 1 $ 225,000 $ 225,000 $ 66,000
Fayette, West Virginia 1 $ 25,000 $ 25,000 $ 40,000
Wood, West Virginia 1 $ 155,000 $ 155,000 $ 715,000
Milwaukee, Wisconsin 1 $ 325,000 $ 325,000 $ 150,000

Mortgage Loan Application Detail Totals for Usalliance Federal Credit Union in 2018

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 843 $252,645,000 $299,000 $3,225,000 $262,000 $3,675,000
Home Improvement 434 $59,050,000 $136,000 $4,705,000 $183,000 $1,894,000
Cash-out Refinancing 390 $110,580,000 $283,000 $1,805,000 $222,000 $3,070,000
Refinancing 206 $81,840,000 $397,000 $5,305,000 $299,000 $3,826,000
Other Purpose 104 $10,620,000 $102,000 $505,000 $154,000 $816,000
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 1,267 $359,175,000 $283,000 $5,305,000 $251,000 $3,675,000
Not Provided 366 $67,670,000 $184,000 $2,845,000 $214,000 $3,826,000
Hispanic 130 $30,180,000 $232,000 $1,405,000 $195,000 $1,460,000
Black or African American 106 $23,740,000 $223,000 $2,475,000 $150,000 $865,000
Asian 85 $27,595,000 $324,000 $1,555,000 $261,000 $2,045,000
American Indian or Alaskan Native 6 $2,470,000 $411,000 $1,365,000 $171,000 $265,000
Native Hawaiian or Other Pacific Islander 3 $485,000 $161,000 $245,000 $219,000 $287,000
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) 1,977 $514,735,000 $260,000 $5,305,000 $235,000 $3,826,000
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 1,136 $304,530,000 $268,000 $3,225,000 $263,000 $3,826,000
Application Denied By Financial Institution 429 $105,625,000 $246,000 $5,305,000 $175,000 $3,067,000
Application Withdrawn By Applicant 274 $81,990,000 $299,000 $2,005,000 $223,000 $1,440,000
File Closed For Incompleteness 109 $18,545,000 $170,000 $1,195,000 $193,000 $1,433,000
Application Approved But Not Accepted 29 $4,045,000 $139,000 $745,000 $242,000 $954,000
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
Debt-To-Income Ratio 976 $393,830,000 $403,000 $5,305,000 $228,000 $3,826,000
Not applicable 863 $103,765,000 $120,000 $1,005,000 $246,000 $3,070,000
Collateral 60 $7,770,000 $129,000 $505,000 $218,000 $979,000
Credit History 48 $4,830,000 $100,000 $505,000 $181,000 $649,000
Other 17 $2,745,000 $161,000 $505,000 $242,000 $685,000
Employment History 5 $535,000 $107,000 $155,000 $127,000 $268,000
Unverifiable Information 3 $735,000 $245,000 $455,000 $518,000 $1,000,000
Credit Application Incomplete 3 $355,000 $118,000 $185,000 $230,000 $483,000
Insufficient Cash (Downpayment, Closing Cost) 2 $170,000 $85,000 $85,000 $319,000 $371,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Usalliance Federal Credit Union's 2018 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 Usalliance 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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