Viriva Community Credit Union Mortgage Lending & HMDA Data, 2019
In 2019, Viriva Community Credit Union of Warminster, PA reported 71 mortgage applications totaling $3.2 million, down 37% from 2018. The average application was for $45,563, and applicants reported an average income of $95,295. 45% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (26), Philadelphia, PA (24) and Camden, NJ (9) (applications in parentheses).
| Mortgage Company & Address | Viriva Community Credit Union 157 York Road Warminster, PA 18974 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 71 |
| Total Mortgage Loan Application Amount | $3,235,000 |
| Average Mortgage Loan Application Amount | $45,563 |
| Highest Mortgage Loan Application Amount | $195,000 |
| Average Applicant Income | $95,295 |
| Highest Applicant Income | $288,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Viriva Community Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Montgomery County-Bucks County-Chester County, PA | 26 | $ 1,200,000 | $ 46,153 | $ 106,000 |
| Philadelphia, PA | 24 | $ 920,000 | $ 38,333 | $ 111,000 |
| Camden, NJ | 9 | $ 485,000 | $ 53,888 | $ 133,000 |
| New York-Newark, NY | 4 | $ 270,000 | $ 67,500 | $ 106,000 |
| Atlantic City-Hammonton, NJ | 2 | $ 60,000 | $ 30,000 | $ 62,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 2 | $ 70,000 | $ 35,000 | $ 46,000 |
| Outside any metro area | 1 | $ 135,000 | $ 135,000 | $ 133,000 |
| Ocean City, NJ | 1 | $ 35,000 | $ 35,000 | $ 95,000 |
| Raleigh, NC | 1 | $ 25,000 | $ 25,000 | $ 0 |
| Reading, PA | 1 | $ 35,000 | $ 35,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for Viriva Community Credit Union in 2019
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 |
|---|---|---|---|---|---|---|
| Not Applicable | 41 | $1,735,000 | $42,000 | $115,000 | $87,000 | $167,000 |
| Other Purpose | 15 | $565,000 | $37,000 | $65,000 | $114,000 | $288,000 |
| Home Improvement | 11 | $495,000 | $45,000 | $95,000 | $107,000 | $153,000 |
| Cash-out Refinancing | 4 | $440,000 | $110,000 | $195,000 | $78,000 | $133,000 |
| Home Purchase | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| White | 38 | $1,730,000 | $45,000 | $135,000 | $107,000 | $288,000 |
| Not Provided | 24 | $1,180,000 | $49,000 | $195,000 | $101,000 | $153,000 |
| Black or African American | 8 | $290,000 | $36,000 | $105,000 | $68,000 | $68,000 |
| Asian | 1 | $35,000 | $35,000 | $35,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 71 | $3,235,000 | $45,000 | $195,000 | $105,000 | $288,000 |
| 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 | 32 | $1,550,000 | $48,000 | $195,000 | $107,000 | $288,000 |
| Application Denied By Financial Institution | 17 | $625,000 | $36,000 | $105,000 | $0 | $0 |
| Application Withdrawn By Applicant | 11 | $665,000 | $60,000 | $115,000 | $0 | $0 |
| File Closed For Incompleteness | 11 | $395,000 | $35,000 | $105,000 | $44,000 | $44,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 71 | $3,235,000 | $45,000 | $195,000 | $105,000 | $288,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Viriva Community Credit Union's 2019 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 Viriva Community 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 Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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