The Summit Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2021

The Summit Federal Credit Union 2021 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 The Summit Federal Credit Union
100 Marina Drive
Rochester, NY 14626
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 2,255
Total Mortgage Loan Application Amount $201,455,000
Average Mortgage Loan Application Amount $102,000
Highest Mortgage Loan Application Amount $855,000
Average Applicant Income $96,400
Highest Applicant Income $1,188,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2021 with The Summit 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 The Summit Federal Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.

Our HMDA dataset for 2021 breaks down The Summit 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 The Summit Federal Credit Union serves its applicants.

Each category highlights the total number of mortgage applications processed by The Summit 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 The Summit Federal Credit Union's mortgage activity for 2021.

Mortgage Loan Application Totals for The Summit Federal Credit Union by Metropolitan Area in 2021

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
ROCHESTER, NY 1,348 $ 118,290,000 $ 87,000 $ 95,000
BUFFALO-CHEEKTOWAGA-NIAGARA FALLS, NY 419 $ 41,245,000 $ 98,000 $ 102,000
SYRACUSE, NY 288 $ 25,650,000 $ 89,000 $ 99,000
NA (OUTSIDE OF MSA/MD) 171 $ 13,135,000 $ 76,000 $ 81,000
BINGHAMTON, NY 5 $ 455,000 $ 91,000 $ 97,000
ITHACA, NY 5 $ 285,000 $ 57,000 $ 331,000
UTICA-ROME, NY 2 $ 130,000 $ 65,000 $ 67,000
WATERTOWN-FORT DRUM, NY 2 $ 590,000 $ 295,000 $ 135,000
ALBANY-SCHENECTADY-TROY, NY 1 $ 175,000 $ 175,000 $ 96,000
NEW YORK-NEWARK, NY 1 $ 45,000 $ 45,000 $ 73,000

Mortgage Loan Application Detail Totals for The Summit Federal Credit Union in 2021

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 636 $62,330,000 $98,000 $855,000 $97,000 $1,092,000
Home Improvement 627 $32,815,000 $52,000 $405,000 $96,000 $430,000
Other Purpose 474 $28,130,000 $59,000 $305,000 $93,000 $1,080,000
Home Purchase 270 $41,190,000 $152,000 $505,000 $90,000 $750,000
Cash-out Refinancing 248 $36,990,000 $149,000 $545,000 $106,000 $1,188,000
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 1,689 $149,175,000 $88,000 $855,000 $99,000 $1,188,000
Not Provided 271 $30,645,000 $113,000 $545,000 $96,000 $591,000
Black or African American 158 $9,440,000 $59,000 $195,000 $67,000 $430,000
Hispanic 98 $7,390,000 $75,000 $455,000 $93,000 $1,092,000
Asian 21 $2,475,000 $117,000 $325,000 $89,000 $240,000
American Indian or Alaskan Native 9 $1,055,000 $117,000 $285,000 $96,000 $235,000
Not applicable 1 $105,000 $105,000 $105,000 $0 $0
Native Hawaiian or Other Pacific Islander 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) 2,255 $201,455,000 $89,000 $855,000 $96,000 $1,188,000
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 1,477 $143,625,000 $97,000 $545,000 $103,000 $1,092,000
Application Denied By Financial Institution 433 $26,975,000 $62,000 $505,000 $65,000 $263,000
Application Withdrawn By Applicant 310 $25,700,000 $82,000 $855,000 $103,000 $1,188,000
Application Approved But Not Accepted 33 $4,875,000 $147,000 $505,000 $117,000 $750,000
Preapproval Approved but not Accepted 1 $195,000 $195,000 $195,000 $110,000 $110,000
Preapproval Denied by Financial Institution 1 $85,000 $85,000 $85,000 $37,000 $37,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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
Not applicable 1,821 $174,395,000 $95,000 $855,000 $103,000 $1,188,000
Other 171 $8,435,000 $49,000 $285,000 $70,000 $201,000
Debt-To-Income Ratio 139 $9,595,000 $69,000 $505,000 $49,000 $172,000
Credit History 70 $4,730,000 $67,000 $305,000 $70,000 $263,000
Collateral 46 $2,960,000 $64,000 $225,000 $92,000 $229,000
Credit Application Incomplete 3 $595,000 $198,000 $365,000 $107,000 $157,000
Employment History 3 $545,000 $181,000 $275,000 $48,000 $60,000
Unverifiable Information 2 $200,000 $100,000 $105,000 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into The Summit Federal Credit Union's 2021 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 The Summit 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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