Mass. Institute Of Tech. Federal Credit Union
Mortgage Loan Application
Totals and Details
for 2023
Find mortgage loan statistics, lending data, and loan application totals for Massachusetts.
The mortgage statistics and data below are specific to mortgage loan applications for Mass. Institute Of Tech. Federal Credit Union.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2023.
| Mortgage Company & Address | Mass. Institute Of Tech. Federal Credit Union 700 Technology Square Lexington, MA 02139 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 |
| Total Number of Mortgage Applications | 430 |
| Total Mortgage Loan Application Amount | $171,730,000 |
| Average Mortgage Loan Application Amount | $308,400 |
| Highest Mortgage Loan Application Amount | $6,155,000 |
| Average Applicant Income | $205,600 |
| Highest Applicant Income | $1,620,000 |
Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations
where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in MA, the totals and averages will help you understand where the lender does business as well as the volume of business they do.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Middlesex County Massachusetts | 149 | $ 71,605,000 | $ 480,000 | $ 222,000 |
| Norfolk County Massachusetts | 35 | $ 9,335,000 | $ 266,000 | $ 202,000 |
| Suffolk County Massachusetts | 25 | $ 12,125,000 | $ 485,000 | $ 270,000 |
| Essex County Massachusetts | 22 | $ 4,690,000 | $ 213,000 | $ 163,000 |
| Worcester County Massachusetts | 13 | $ 2,455,000 | $ 188,000 | $ 198,000 |
| Plymouth County Massachusetts | 10 | $ 1,740,000 | $ 174,000 | $ 194,000 |
| Hillsborough County New Hampshire | 7 | $ 2,105,000 | $ 300,000 | $ 168,000 |
| New York County New York | 7 | $ 3,415,000 | $ 487,000 | $ 172,000 |
| District of Columbia County District Of Columbia | 6 | $ 1,580,000 | $ 263,000 | $ 258,000 |
| Harris County Texas | 6 | $ 2,500,000 | $ 416,000 | $ 180,000 |
| Los Angeles County California | 5 | $ 2,095,000 | $ 419,000 | $ 284,000 |
| San Francisco County California | 5 | $ 2,725,000 | $ 545,000 | $ 362,000 |
| Cook County Illinois | 5 | $ 2,175,000 | $ 435,000 | $ 221,000 |
| Barnstable County Massachusetts | 5 | $ 2,645,000 | $ 529,000 | $ 207,000 |
| Providence County Rhode Island | 5 | $ 1,255,000 | $ 251,000 | $ 164,000 |
| DuPage County Illinois | 4 | $ 1,970,000 | $ 492,000 | $ 221,000 |
| Bristol County Massachusetts | 4 | $ 660,000 | $ 165,000 | $ 136,000 |
| Rockingham County New Hampshire | 4 | $ 1,360,000 | $ 340,000 | $ 229,000 |
| Durham County North Carolina | 4 | $ 1,640,000 | $ 410,000 | $ 182,000 |
| Philadelphia County Pennsylvania | 4 | $ 1,070,000 | $ 267,000 | $ 158,000 |
| Maricopa County Arizona | 3 | $ 1,025,000 | $ 341,000 | $ 107,000 |
| Santa Clara County California | 3 | $ 2,985,000 | $ 995,000 | $ 380,000 |
| Kings County New York | 3 | $ 2,895,000 | $ 965,000 | $ 476,000 |
| King County Washington | 3 | $ 2,125,000 | $ 708,000 | $ 214,000 |
| Alameda County California | 2 | $ 420,000 | $ 210,000 | $ 251,000 |
| Orange County California | 2 | $ 810,000 | $ 405,000 | $ 342,000 |
| Palm Beach County Florida | 2 | $ 560,000 | $ 280,000 | $ 106,000 |
| Volusia County Florida | 2 | $ 660,000 | $ 330,000 | $ 232,000 |
| Fulton County Georgia | 2 | $ 770,000 | $ 385,000 | $ 152,000 |
| Montgomery County Maryland | 2 | $ 1,360,000 | $ 680,000 | $ 273,000 |
| Carroll County New Hampshire | 2 | $ 600,000 | $ 300,000 | $ 288,000 |
| Cheshire County New Hampshire | 2 | $ 800,000 | $ 400,000 | $ 188,000 |
| Cuyahoga County Ohio | 2 | $ 310,000 | $ 155,000 | $ 19,000 |
| Allegheny County Pennsylvania | 2 | $ 780,000 | $ 390,000 | $ 142,000 |
| Davidson County Tennessee | 2 | $ 1,330,000 | $ 665,000 | $ 321,000 |
| Alexandria County Virginia | 2 | $ 1,070,000 | $ 535,000 | $ 175,000 |
| Fairfax County Virginia | 2 | $ 850,000 | $ 425,000 | $ 237,000 |
| Montgomery County Alabama | 1 | $ 235,000 | $ 235,000 | $ 396,000 |
| Pima County Arizona | 1 | $ 75,000 | $ 75,000 | $ 87,000 |
| San Diego County California | 1 | $ 885,000 | $ 885,000 | $ 292,000 |
| Ventura County California | 1 | $ 625,000 | $ 625,000 | $ 163,000 |
| Boulder County Colorado | 1 | $ 285,000 | $ 285,000 | $ 174,000 |
| Chaffee County Colorado | 1 | $ 585,000 | $ 585,000 | $ 276,000 |
| Denver County Colorado | 1 | $ 345,000 | $ 345,000 | $ 96,000 |
| Jefferson County Colorado | 1 | $ 35,000 | $ 35,000 | $ 106,000 |
| Teller County Colorado | 1 | $ 455,000 | $ 455,000 | $ 180,000 |
| Hartford County Connecticut | 1 | $ 425,000 | $ 425,000 | $ 150,000 |
| Litchfield County Connecticut | 1 | $ 125,000 | $ 125,000 | $ 188,000 |
| Tolland County Connecticut | 1 | $ 295,000 | $ 295,000 | $ 110,000 |
| Windham County Connecticut | 1 | $ 45,000 | $ 45,000 | $ 181,000 |
| Sussex County Delaware | 1 | $ 265,000 | $ 265,000 | $ 180,000 |
| Alachua County Florida | 1 | $ 245,000 | $ 245,000 | $ 192,000 |
| Brevard County Florida | 1 | $ 405,000 | $ 405,000 | $ 111,000 |
| Broward County Florida | 1 | $ 115,000 | $ 115,000 | $ 240,000 |
| Orange County Florida | 1 | $ 655,000 | $ 655,000 | $ 24,000 |
| Pinellas County Florida | 1 | $ 275,000 | $ 275,000 | $ 99,000 |
| Sarasota County Florida | 1 | $ 505,000 | $ 505,000 | $ 200,000 |
| Lake County Illinois | 1 | $ 805,000 | $ 805,000 | $ 259,000 |
| McHenry County Illinois | 1 | $ 55,000 | $ 55,000 | $ 207,000 |
| Franklin County Kentucky | 1 | $ 235,000 | $ 235,000 | $ 89,000 |
| Ascension County Louisiana | 1 | $ 435,000 | $ 435,000 | $ 168,000 |
| East Baton Rouge County Louisiana | 1 | $ 355,000 | $ 355,000 | $ 200,000 |
| Cumberland County Maine | 1 | $ 175,000 | $ 175,000 | $ 210,000 |
| Franklin County Maine | 1 | $ 165,000 | $ 165,000 | $ 93,000 |
| Washington County Maine | 1 | $ 435,000 | $ 435,000 | $ 868,000 |
| Baltimore County Maryland | 1 | $ 355,000 | $ 355,000 | $ 145,000 |
| Baltimore City County Maryland | 1 | $ 25,000 | $ 25,000 | $ 72,000 |
| Hampshire County Massachusetts | 1 | $ 35,000 | $ 35,000 | $ 94,000 |
| Washtenaw County Michigan | 1 | $ 115,000 | $ 115,000 | $ 175,000 |
| Jackson County Missouri | 1 | $ 165,000 | $ 165,000 | $ 130,000 |
| St. Charles County Missouri | 1 | $ 205,000 | $ 205,000 | $ 541,000 |
| Clark County Nevada | 1 | $ 375,000 | $ 375,000 | $ 405,000 |
| Merrimack County New Hampshire | 1 | $ 125,000 | $ 125,000 | $ 184,000 |
| Sullivan County New Hampshire | 1 | $ 265,000 | $ 265,000 | $ 165,000 |
| Middlesex County New Jersey | 1 | $ 505,000 | $ 505,000 | $ 180,000 |
| Passaic County New Jersey | 1 | $ 475,000 | $ 475,000 | $ 165,000 |
| Bronx County New York | 1 | $ 55,000 | $ 55,000 | $ 121,000 |
| Madison County New York | 1 | $ 325,000 | $ 325,000 | $ 591,000 |
| Orange County New York | 1 | $ 555,000 | $ 555,000 | $ 568,000 |
| Suffolk County New York | 1 | $ 605,000 | $ 605,000 | $ 123,000 |
| Tompkins County New York | 1 | $ 205,000 | $ 205,000 | $ 170,000 |
| Westchester County New York | 1 | $ 75,000 | $ 75,000 | $ 203,000 |
| Orange County North Carolina | 1 | $ 425,000 | $ 425,000 | $ 243,000 |
| Union County North Carolina | 1 | $ 465,000 | $ 465,000 | $ 169,000 |
| Wake County North Carolina | 1 | $ 595,000 | $ 595,000 | $ 326,000 |
| Butler County Ohio | 1 | $ 265,000 | $ 265,000 | $ 137,000 |
| Hamilton County Ohio | 1 | $ 235,000 | $ 235,000 | $ 140,000 |
| Cleveland County Oklahoma | 1 | $ 245,000 | $ 245,000 | $ 237,000 |
| Centre County Pennsylvania | 1 | $ 385,000 | $ 385,000 | $ 102,000 |
| Delaware County Pennsylvania | 1 | $ 515,000 | $ 515,000 | $ 241,000 |
| Montgomery County Pennsylvania | 1 | $ 605,000 | $ 605,000 | $ 487,000 |
| Kent County Rhode Island | 1 | $ 275,000 | $ 275,000 | $ 88,000 |
| Beaufort County South Carolina | 1 | $ 265,000 | $ 265,000 | $ 326,000 |
| Greenville County South Carolina | 1 | $ 265,000 | $ 265,000 | $ 173,000 |
| Newberry County South Carolina | 1 | $ 575,000 | $ 575,000 | $ 180,000 |
| Brazoria County Texas | 1 | $ 665,000 | $ 665,000 | $ 239,000 |
| Cameron County Texas | 1 | $ 225,000 | $ 225,000 | $ 135,000 |
| Travis County Texas | 1 | $ 355,000 | $ 355,000 | $ 261,000 |
| Summit County Utah | 1 | $ 725,000 | $ 725,000 | $ 513,000 |
| Bennington County Vermont | 1 | $ 205,000 | $ 205,000 | $ 83,000 |
| Grand Isle County Vermont | 1 | $ 605,000 | $ 605,000 | $ 325,000 |
| Chesterfield County Virginia | 1 | $ 565,000 | $ 565,000 | $ 276,000 |
| Snohomish County Washington | 1 | $ 405,000 | $ 405,000 | $ 341,000 |
| Dane County Wisconsin | 1 | $ 365,000 | $ 365,000 | $ 116,000 |
The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category,
the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Massachusetts,
and search the same numbers and information back through 2003.
Mortgage Loan Application Detail Totals for Mass. Institute Of Tech. Federal Credit Union 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 Purchase | 247 | $137,485,000 | $556,000 | $6,155,000 | $227,000 | $1,300,000 |
| Home Improvement | 87 | $10,515,000 | $120,000 | $655,000 | $209,000 | $677,000 |
| Other Purpose | 47 | $6,355,000 | $135,000 | $725,000 | $201,000 | $1,620,000 |
| Cash-out Refinancing | 30 | $9,490,000 | $316,000 | $1,125,000 | $209,000 | $868,000 |
| Refinancing | 19 | $7,885,000 | $415,000 | $1,535,000 | $182,000 | $394,000 |
| 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 | 232 | $84,970,000 | $366,000 | $1,655,000 | $218,000 | $1,620,000 |
| Asian | 76 | $40,970,000 | $539,000 | $6,155,000 | $230,000 | $677,000 |
| Not Provided | 58 | $23,930,000 | $412,000 | $1,655,000 | $230,000 | $1,300,000 |
| Hispanic | 32 | $15,470,000 | $483,000 | $2,305,000 | $221,000 | $801,000 |
| Black or African American | 27 | $5,085,000 | $188,000 | $665,000 | $148,000 | $320,000 |
| American Indian or Alaskan Native | 4 | $950,000 | $237,000 | $565,000 | $228,000 | $276,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $355,000 | $355,000 | $355,000 | $212,000 | $212,000 |
| 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) | 430 | $171,730,000 | $399,000 | $6,155,000 | $217,000 | $1,620,000 |
| 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 | 274 | $104,020,000 | $379,000 | $1,805,000 | $218,000 | $868,000 |
| Application Withdrawn By Applicant | 108 | $49,250,000 | $456,000 | $6,155,000 | $229,000 | $1,620,000 |
| Application Approved But Not Accepted | 22 | $10,440,000 | $474,000 | $2,305,000 | $249,000 | $801,000 |
| Application Denied By Financial Institution | 19 | $5,095,000 | $268,000 | $655,000 | $134,000 | $546,000 |
| File Closed For Incompleteness | 7 | $2,925,000 | $417,000 | $1,535,000 | $133,000 | $344,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 411 | $166,635,000 | $405,000 | $6,155,000 | $221,000 | $1,620,000 |
| Debt-To-Income Ratio | 12 | $3,290,000 | $274,000 | $655,000 | $128,000 | $546,000 |
| Collateral | 4 | $790,000 | $197,000 | $485,000 | $162,000 | $306,000 |
| Credit History | 2 | $590,000 | $295,000 | $505,000 | $105,000 | $143,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $425,000 | $425,000 | $425,000 | $150,000 | $150,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in MA, and gives you an idea of what the best mortgage lenders really are.
If you prefer, you can download a copy of the entire list of mortgage lenders in Massachusetts, and search similar information at your convenience.