Summit Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2003
Summit Credit Union 2003 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 | Summit Credit Union Po Box 8046 Madison, WI 53708 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,620 |
| Total Mortgage Loan Application Amount | $171,531,000 |
| Average Mortgage Loan Application Amount | $85,000 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $93,333 |
| Highest Applicant Income | $992,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2003 with Summit 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 Summit Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2003 breaks down Summit 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 Summit Credit Union serves its applicants.
Each category highlights the total number of mortgage applications processed by Summit 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 Summit Credit Union's mortgage activity for 2003.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Dane County Wisconsin | 1,107 | $ 123,879,000 | $ 111,000 | $ 70,000 |
| Columbia County Wisconsin | 90 | $ 8,930,000 | $ 99,000 | $ 64,000 |
| Dodge County Wisconsin | 73 | $ 7,034,000 | $ 96,000 | $ 78,000 |
| Jefferson County Wisconsin | 63 | $ 6,461,000 | $ 102,000 | $ 69,000 |
| Sauk County Wisconsin | 39 | $ 3,411,000 | $ 87,000 | $ 67,000 |
| Milwaukee County Wisconsin | 18 | $ 1,943,000 | $ 107,000 | $ 73,000 |
| Rock County Wisconsin | 18 | $ 1,626,000 | $ 90,000 | $ 68,000 |
| Green County Wisconsin | 14 | $ 1,422,000 | $ 101,000 | $ 63,000 |
| Marquette County Wisconsin | 14 | $ 1,209,000 | $ 86,000 | $ 48,000 |
| Iowa County Wisconsin | 13 | $ 1,206,000 | $ 92,000 | $ 51,000 |
| Racine County Wisconsin | 13 | $ 716,000 | $ 55,000 | $ 282,000 |
| Fond du Lac County Wisconsin | 10 | $ 750,000 | $ 75,000 | $ 76,000 |
| Waukesha County Wisconsin | 10 | $ 1,419,000 | $ 141,000 | $ 112,000 |
| Green Lake County Wisconsin | 8 | $ 826,000 | $ 103,000 | $ 70,000 |
| Oneida County Wisconsin | 8 | $ 580,000 | $ 72,000 | $ 58,000 |
| Adams County Wisconsin | 7 | $ 569,000 | $ 81,000 | $ 57,000 |
| Waushara County Wisconsin | 7 | $ 771,000 | $ 110,000 | $ 58,000 |
| Juneau County Wisconsin | 6 | $ 566,000 | $ 94,000 | $ 50,000 |
| Monroe County Wisconsin | 6 | $ 313,000 | $ 52,000 | $ 143,000 |
| Outagamie County Wisconsin | 6 | $ 427,000 | $ 71,000 | $ 284,000 |
| Vilas County Wisconsin | 6 | $ 765,000 | $ 127,000 | $ 87,000 |
| Winnebago County Wisconsin | 6 | $ 579,000 | $ 96,000 | $ 76,000 |
| Price County Wisconsin | 5 | $ 492,000 | $ 98,000 | $ 86,000 |
| Wood County Wisconsin | 5 | $ 300,000 | $ 60,000 | $ 63,000 |
| Kenosha County Wisconsin | 4 | $ 330,000 | $ 82,000 | $ 46,000 |
| Marathon County Wisconsin | 4 | $ 214,000 | $ 53,000 | $ 59,000 |
| Washburn County Wisconsin | 4 | $ 113,000 | $ 28,000 | $ 43,000 |
| Washington County Wisconsin | 4 | $ 187,000 | $ 46,000 | $ 65,000 |
| Waupaca County Wisconsin | 4 | $ 357,000 | $ 89,000 | $ 51,000 |
| Ashland County Wisconsin | 3 | $ 195,000 | $ 65,000 | $ 43,000 |
| Bayfield County Wisconsin | 3 | $ 308,000 | $ 102,000 | $ 50,000 |
| Douglas County Wisconsin | 3 | $ 187,000 | $ 62,000 | $ 50,000 |
| Dunn County Wisconsin | 3 | $ 292,000 | $ 97,000 | $ 61,000 |
| Iron County Wisconsin | 3 | $ 120,000 | $ 40,000 | $ 215,000 |
| Sheboygan County Wisconsin | 3 | $ 364,000 | $ 121,000 | $ 92,000 |
| Walworth County Wisconsin | 3 | $ 259,000 | $ 86,000 | $ 59,000 |
| Brown County Wisconsin | 2 | $ 193,000 | $ 96,000 | $ 48,000 |
| Door County Wisconsin | 2 | $ 183,000 | $ 91,000 | $ 76,000 |
| Grant County Wisconsin | 2 | $ 116,000 | $ 58,000 | $ 56,000 |
| La Crosse County Wisconsin | 2 | $ 130,000 | $ 65,000 | $ 58,000 |
| Manitowoc County Wisconsin | 2 | $ 171,000 | $ 85,000 | $ 39,000 |
| Polk County Wisconsin | 2 | $ 168,000 | $ 84,000 | $ 60,000 |
| St. Croix County Wisconsin | 2 | $ 210,000 | $ 105,000 | $ 49,000 |
| Vernon County Wisconsin | 2 | $ 104,000 | $ 52,000 | $ 33,000 |
| Burnett County Wisconsin | 1 | $ 120,000 | $ 120,000 | $ 56,000 |
| Calumet County Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 81,000 |
| Chippewa County Wisconsin | 1 | $ 67,000 | $ 67,000 | $ 52,000 |
| Eau Claire County Wisconsin | 1 | $ 69,000 | $ 69,000 | $ 57,000 |
| Lincoln County Wisconsin | 1 | $ 174,000 | $ 174,000 | $ 56,000 |
| Oconto County Wisconsin | 1 | $ 113,000 | $ 113,000 | $ 94,000 |
| Ozaukee County Wisconsin | 1 | $ 144,000 | $ 144,000 | $ 66,000 |
| Pepin County Wisconsin | 1 | $ 43,000 | $ 43,000 | $ 108,000 |
| Richland County Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 117,000 |
| Sawyer County Wisconsin | 1 | $ 118,000 | $ 118,000 | $ 61,000 |
| Taylor County Wisconsin | 1 | $ 68,000 | $ 68,000 | $ 105,000 |
Mortgage Loan Application Detail Totals for Summit Credit Union in 2003
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 (home purchase or home improvement, one-to-four family) | 1,333 | $147,131,000 | $110,000 | $650,000 | $62,000 | $518,000 |
| Home Purchase (one-to-four family) | 175 | $22,464,000 | $128,000 | $450,000 | $68,000 | $247,000 |
| Home Improvement (one-to-four family) | 112 | $1,936,000 | $17,000 | $61,000 | $150,000 | $992,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 1,509 | $159,576,000 | $105,000 | $650,000 | $78,000 | $960,000 |
| Hispanic | 27 | $3,338,000 | $123,000 | $320,000 | $158,000 | $992,000 |
| Information not provided by applicant in mail or telephone application | 25 | $2,275,000 | $91,000 | $295,000 | $61,000 | $534,000 |
| Asian or Pacific Islander | 24 | $2,677,000 | $111,000 | $200,000 | $74,000 | $109,000 |
| Black | 20 | $2,390,000 | $119,000 | $293,000 | $65,000 | $212,000 |
| American Indian or Alaskan Native | 11 | $968,000 | $88,000 | $172,000 | $92,000 | $370,000 |
| Other | 4 | $307,000 | $76,000 | $113,000 | $52,000 | $63,000 |
| 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) | 1,620 | $171,531,000 | $105,000 | $650,000 | $80,000 | $992,000 |
| 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 | 1,440 | $152,559,000 | $105,000 | $650,000 | $93,000 | $992,000 |
| Application Withdrawn By Applicant | 60 | $5,836,000 | $97,000 | $323,000 | $60,000 | $197,000 |
| Application Denied By Financial Institution | 58 | $5,884,000 | $101,000 | $450,000 | $59,000 | $247,000 |
| Application Approved But Not Accepted | 32 | $2,852,000 | $89,000 | $280,000 | $66,000 | $160,000 |
| File Closed For Incompleteness | 30 | $4,400,000 | $146,000 | $261,000 | $78,000 | $198,000 |
| Loan Purchased By The 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 | 16 | $1,558,000 | $97,000 | $152,000 | $66,000 | $245,000 |
| Debt-To-Income Ratio | 5 | $656,000 | $131,000 | $167,000 | $36,000 | $85,000 |
| Collateral | 4 | $665,000 | $166,000 | $250,000 | $52,000 | $92,000 |
| Employment History | 2 | $327,000 | $163,000 | $200,000 | $53,000 | $64,000 |
| Credit Application Incomplete | 1 | $130,000 | $130,000 | $130,000 | $51,000 | $51,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Summit Credit Union's 2003 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 Summit 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 Wisconsin, download the full spreadsheet
with aggregated HMDA statistics today.