General Electric Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2020

General Electric Credit Union 2020 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.

Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher, this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.

Mortgage Company & Address General Electric Credit Union
10485 Reading Rd
Cincinnati, OH 45241
Tel #: available with data download
Federal Regulator * available with data download
Years 2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  
Total Number of Mortgage Applications 1,989
Total Mortgage Loan Application Amount $550,665,000
Average Mortgage Loan Application Amount $209,200
Highest Mortgage Loan Application Amount $10,005,000
Average Applicant Income $183,200
Highest Applicant Income $6,459,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2020 with General Electric Credit Union. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing General Electric Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.

Our HMDA dataset for 2020 breaks down General Electric Credit Union's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how General Electric Credit Union serves its applicants.

Each category highlights the total number of mortgage applications processed by General Electric Credit Union, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at General Electric Credit Union's mortgage activity for 2020.

Mortgage Loan Application Totals for General Electric Credit Union by Metropolitan Area in 2020

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
CINCINNATI, OH-KY-IN 1,832 $ 506,560,000 $ 200,666 $ 178,333
NA (OUTSIDE OF MSA/MD) 55 $ 7,195,000 $ 263,000 $ 231,500
DAYTON-SPRINGFIELD-KETTERING, OH 24 $ 3,000,000 $ 125,000 $ 172,000
COLUMBUS, OH 7 $ 2,735,000 $ 390,000 $ 193,000
INDIANAPOLIS-CARMEL-ANDERSON, IN 7 $ 1,575,000 $ 225,000 $ 157,000
NAPLES-IMMOKALEE-MARCO ISLAND, FL 7 $ 12,295,000 $ 1,756,000 $ 1,005,000
LEXINGTON-FAYETTE, KY 6 $ 2,320,000 $ 386,000 $ 546,000
CAPE CORAL-FORT MYERS, FL 4 $ 1,290,000 $ 322,000 $ 217,000
LOUISVILLE/JEFFERSON COUNTY, KY-IN 4 $ 2,010,000 $ 502,000 $ 304,000
NORTH PORT-SARASOTA-BRADENTON, FL 4 $ 970,000 $ 242,000 $ 114,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 2 $ 3,130,000 $ 1,565,000 $ 637,000
PUNTA GORDA, FL 2 $ 370,000 $ 185,000 $ 84,000
CLEVELAND-ELYRIA, OH 1 $ 145,000 $ 145,000 $ 62,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 1 $ 385,000 $ 385,000 $ 197,000
EVANSVILLE, IN-KY 1 $ 65,000 $ 65,000 $ 85,000
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL 1 $ 165,000 $ 165,000 $ 162,000
GARY, IN 1 $ 285,000 $ 285,000 $ 132,000
PENSACOLA-FERRY PASS-BRENT, FL 1 $ 215,000 $ 215,000 $ 146,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1 $ 175,000 $ 175,000 $ 86,000

Mortgage Loan Application Detail Totals for General Electric Credit Union in 2020

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 1,421 $398,675,000 $280,000 $10,005,000 $194,000 $4,862,000
Home Purchase 293 $108,735,000 $371,000 $4,525,000 $227,000 $6,459,000
Cash-out Refinancing 131 $32,765,000 $250,000 $2,945,000 $218,000 $3,900,000
Home Improvement 114 $8,300,000 $72,000 $1,505,000 $139,000 $1,356,000
Other Purpose 30 $2,190,000 $73,000 $405,000 $138,000 $560,000
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 1,410 $442,370,000 $313,000 $10,005,000 $216,000 $6,459,000
Not Provided 438 $65,680,000 $149,000 $1,625,000 $133,000 $1,299,000
Black or African American 78 $16,820,000 $215,000 $2,505,000 $136,000 $950,000
Asian 40 $15,840,000 $396,000 $1,785,000 $237,000 $840,000
Hispanic 19 $8,675,000 $456,000 $1,345,000 $257,000 $782,000
American Indian or Alaskan Native 2 $610,000 $305,000 $435,000 $157,000 $188,000
Native Hawaiian or Other Pacific Islander 1 $225,000 $225,000 $225,000 $1,662,000 $1,662,000
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) 1,988 $550,410,000 $276,000 $10,005,000 $196,000 $6,459,000
VA-guaranteed (Veterans Administration) 1 $255,000 $255,000 $255,000 $73,000 $73,000
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

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 1,373 $430,415,000 $313,000 $4,525,000 $222,000 $6,459,000
Application Withdrawn By Applicant 362 $88,040,000 $243,000 $10,005,000 $159,000 $4,741,000
File Closed For Incompleteness 129 $13,435,000 $104,000 $515,000 $117,000 $984,000
Application Denied By Financial Institution 93 $12,695,000 $136,000 $755,000 $98,000 $840,000
Preapproval Approved but not Accepted 17 $2,905,000 $170,000 $365,000 $101,000 $189,000
Preapproval Denied by Financial Institution 7 $845,000 $120,000 $305,000 $80,000 $167,000
Application Approved But Not Accepted 5 $945,000 $189,000 $445,000 $118,000 $222,000
Loan Purchased By The Institution 3 $1,385,000 $461,000 $765,000 $189,000 $326,000

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 1,889 $537,125,000 $284,000 $10,005,000 $201,000 $6,459,000
Credit History 46 $4,960,000 $107,000 $475,000 $94,000 $449,000
Debt-To-Income Ratio 28 $4,190,000 $149,000 $755,000 $74,000 $162,000
Collateral 14 $1,850,000 $132,000 $605,000 $71,000 $216,000
Other 4 $580,000 $145,000 $195,000 $312,000 $840,000
Unverifiable Information 3 $625,000 $208,000 $245,000 $176,000 $310,000
Employment History 2 $590,000 $295,000 $505,000 $78,000 $94,000
Insufficient Cash (Downpayment, Closing Cost) 2 $540,000 $270,000 $345,000 $0 $0
Credit Application Incomplete 1 $205,000 $205,000 $205,000 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into General Electric Credit Union's 2020 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 General Electric 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 Ohio, download the full spreadsheet with aggregated HMDA statistics today.

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