Pen Air Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2017

Pen Air Federal Credit Union 2017 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 Pen Air Federal Credit Union
1495 East Nine Mile Road
Pensacola, FL 32514
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  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 448
Total Mortgage Loan Application Amount $87,025,000
Average Mortgage Loan Application Amount $151,666
Highest Mortgage Loan Application Amount $1,393,000
Average Applicant Income $91,000
Highest Applicant Income $731,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2017 with Pen Air Federal 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 Pen Air Federal Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.

Our HMDA dataset for 2017 breaks down Pen Air Federal 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 Pen Air Federal Credit Union serves its applicants.

Each category highlights the total number of mortgage applications processed by Pen Air Federal 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 Pen Air Federal Credit Union's mortgage activity for 2017.

Mortgage Loan Application Totals for Pen Air Federal Credit Union by County in 2017

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Escambia County Florida 210 $ 40,904,000 $ 194,000 $ 97,000
Santa Rosa County Florida 148 $ 32,589,000 $ 220,000 $ 102,000
Baldwin County Alabama 49 $ 7,981,000 $ 162,000 $ 103,000
Walton County Florida 10 $ 1,563,000 $ 156,000 $ 94,000
Mobile County Alabama 7 $ 1,027,000 $ 146,000 $ 104,000
Okaloosa County Florida 7 $ 839,000 $ 119,000 $ 72,000
Bay County Florida 6 $ 1,199,000 $ 199,000 $ 159,000
Escambia County Alabama 5 $ 360,000 $ 72,000 $ 80,000
Holmes County Florida 2 $ 238,000 $ 119,000 $ 82,000
Monroe County Alabama 1 $ 60,000 $ 60,000 $ 25,000
Washington County Alabama 1 $ 90,000 $ 90,000 $ 70,000
Leon County Florida 1 $ 95,000 $ 95,000 $ 246,000
Pinellas County Florida 1 $ 80,000 $ 80,000 $ 104,000

Mortgage Loan Application Detail Totals for Pen Air Federal Credit Union in 2017

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 293 $68,925,000 $235,000 $1,393,000 $110,000 $731,000
Refinancing 93 $13,089,000 $140,000 $722,000 $78,000 $344,000
Home Improvement 62 $5,011,000 $80,000 $650,000 $85,000 $295,000

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 336 $66,293,000 $197,000 $1,335,000 $101,000 $731,000
Not Provided 62 $11,659,000 $188,000 $1,393,000 $107,000 $577,000
Black or African American 26 $4,607,000 $177,000 $507,000 $81,000 $236,000
Hispanic 9 $1,388,000 $154,000 $513,000 $66,000 $136,000
Asian 7 $1,365,000 $195,000 $722,000 $78,000 $240,000
American Indian or Alaskan Native 6 $1,141,000 $190,000 $322,000 $88,000 $129,000
Native Hawaiian or Other Pacific Islander 2 $572,000 $286,000 $324,000 $109,000 $126,000
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) 431 $84,397,000 $195,000 $1,393,000 $101,000 $731,000
VA-guaranteed (Veterans Administration) 13 $2,129,000 $163,000 $270,000 $68,000 $161,000
FHA-insured (Federal Housing Administration) 4 $499,000 $124,000 $166,000 $42,000 $80,000
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 210 $46,743,000 $222,000 $1,393,000 $109,000 $731,000
Application Denied By Financial Institution 117 $17,689,000 $151,000 $1,335,000 $82,000 $633,000
Application Withdrawn By Applicant 73 $13,827,000 $189,000 $722,000 $101,000 $350,000
File Closed For Incompleteness 34 $6,056,000 $178,000 $386,000 $102,000 $641,000
Application Approved But Not Accepted 14 $2,710,000 $193,000 $700,000 $103,000 $288,000
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
Credit History 41 $5,646,000 $137,000 $1,012,000 $79,000 $556,000
Debt-To-Income Ratio 37 $5,422,000 $146,000 $507,000 $53,000 $157,000
Collateral 13 $1,015,000 $78,000 $196,000 $110,000 $267,000
Other 7 $2,144,000 $306,000 $1,335,000 $174,000 $633,000
Unverifiable Information 6 $1,284,000 $214,000 $400,000 $100,000 $181,000
Credit Application Incomplete 3 $292,000 $97,000 $102,000 $90,000 $140,000
Employment History 3 $607,000 $202,000 $304,000 $84,000 $150,000
Insufficient Cash (Downpayment, Closing Cost) 1 $150,000 $150,000 $150,000 $83,000 $83,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Pen Air Federal Credit Union's 2017 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 Pen Air 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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