Xcel Federal Credit Union Mortgage Lending & HMDA Data, 2025
In 2025, Xcel Federal Credit Union of Bloomfield, NJ reported 73 mortgage applications totaling $7.6 million, down 13% from 2024. The average application was for $103,904, and applicants reported an average income of $152,465. 68% of its applications resulted in an originated loan and 26% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (24), Lakewood-New Brunswick, NJ (19) and Newark, NJ-PA (14) (applications in parentheses).
| Mortgage Company & Address | Xcel Federal Credit Union 1460 Broad Street Bloomfield, NJ 07003 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 73 |
| Total Mortgage Loan Application Amount | $7,585,000 |
| Average Mortgage Loan Application Amount | $103,904 |
| Highest Mortgage Loan Application Amount | $355,000 |
| Average Applicant Income | $152,465 |
| Highest Applicant Income | $624,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Xcel Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Xcel Federal Credit Union in 2025
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 42 | $3,580,000 | $85,000 | $355,000 | $141,000 | $480,000 |
| Home Improvement | 31 | $4,005,000 | $129,000 | $355,000 | $168,000 | $624,000 |
| Home Purchase | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing | 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 |
|---|---|---|---|---|---|---|
| White | 21 | $2,305,000 | $109,000 | $285,000 | $152,000 | $358,000 |
| Black or African American | 20 | $2,210,000 | $110,000 | $355,000 | $138,000 | $480,000 |
| Hispanic | 16 | $1,020,000 | $63,000 | $145,000 | $138,000 | $353,000 |
| Not Provided | 10 | $1,500,000 | $150,000 | $355,000 | $170,000 | $388,000 |
| Asian | 5 | $485,000 | $97,000 | $255,000 | $226,000 | $624,000 |
| American Indian or Alaskan Native | 1 | $65,000 | $65,000 | $65,000 | $115,000 | $115,000 |
| 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) | 73 | $7,585,000 | $103,000 | $355,000 | $152,000 | $624,000 |
| 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 | 50 | $5,190,000 | $103,000 | $355,000 | $144,000 | $480,000 |
| Application Denied By Financial Institution | 19 | $1,935,000 | $101,000 | $355,000 | $186,000 | $624,000 |
| Application Withdrawn By Applicant | 2 | $320,000 | $160,000 | $265,000 | $126,000 | $132,000 |
| Application Approved But Not Accepted | 2 | $140,000 | $70,000 | $85,000 | $72,000 | $85,000 |
| File Closed For Incompleteness | 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 | 54 | $5,650,000 | $104,000 | $355,000 | $140,000 | $480,000 |
| Other | 8 | $1,030,000 | $128,000 | $355,000 | $191,000 | $624,000 |
| Collateral | 6 | $280,000 | $46,000 | $55,000 | $172,000 | $353,000 |
| Credit History | 3 | $165,000 | $55,000 | $75,000 | $129,000 | $181,000 |
| Debt-To-Income Ratio | 2 | $460,000 | $230,000 | $355,000 | $294,000 | $388,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Xcel Federal Credit Union's 2025 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 Xcel 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.
For a list of all lenders in New Jersey, download the full spreadsheet
with aggregated HMDA statistics today.
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