Orion Federal Credit Union Mortgage Lending & HMDA Data, 2022
In 2022, Orion Federal Credit Union of Memphis, TN reported 830 mortgage applications totaling $252.5 million, down 13% from 2021. The average application was for $304,240, and applicants reported an average income of $154,250. 41% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Memphis, TN-MS-AR (391), Nashville-Davidson--Murfreesboro--Franklin, TN (35) and San Jose-Sunnyvale-Santa Clara, CA (32) (applications in parentheses).
| Mortgage Company & Address | Orion Federal Credit Union 7845 Highway 64 Memphis, TN 38103 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2011 2010 |
| Total Number of Mortgage Applications | 830 |
| Total Mortgage Loan Application Amount | $252,520,000 |
| Average Mortgage Loan Application Amount | $304,240 |
| Highest Mortgage Loan Application Amount | $30,005,000 |
| Average Applicant Income | $154,250 |
| Highest Applicant Income | $3,441,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Orion Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Memphis, TN-MS-AR | 391 | $ 153,685,000 | $ 393,056 | $ 129,751 |
| Outside any metro area | 53 | $ 9,065,000 | $ 171,037 | $ 128,550 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 35 | $ 13,355,000 | $ 381,571 | $ 127,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 32 | $ 7,370,000 | $ 230,312 | $ 0 |
| Portland-Vancouver-Hillsboro, OR-WA | 27 | $ 2,795,000 | $ 103,518 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 24 | $ 3,280,000 | $ 136,666 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 22 | $ 2,530,000 | $ 115,000 | $ 115,000 |
| Seattle-Bellevue-Everett, WA | 16 | $ 2,080,000 | $ 130,000 | $ 117,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 14 | $ 1,410,000 | $ 100,714 | $ 0 |
| San Diego-Carlsbad, CA | 12 | $ 2,020,000 | $ 168,333 | $ 0 |
| Oakland-Hayward-Berkeley, CA | 11 | $ 2,275,000 | $ 206,818 | $ 0 |
| Kennewick-Richland, WA | 10 | $ 840,000 | $ 84,000 | $ 0 |
| Salem, OR | 9 | $ 835,000 | $ 92,777 | $ 0 |
| Yakima, WA | 9 | $ 705,000 | $ 78,333 | $ 0 |
| Jackson, TN | 8 | $ 1,950,000 | $ 243,750 | $ 172,000 |
| Santa Rosa, CA | 8 | $ 1,220,000 | $ 152,500 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 7 | $ 7,555,000 | $ 1,079,285 | $ 378,000 |
| Little Rock-North Little Rock-Conway, AR | 7 | $ 1,735,000 | $ 247,857 | $ 109,000 |
| Modesto, CA | 6 | $ 700,000 | $ 116,666 | $ 0 |
| Tacoma-Lakewood, WA | 6 | $ 720,000 | $ 120,000 | $ 0 |
| Anaheim-Santa Ana-Irvine, CA | 5 | $ 525,000 | $ 105,000 | $ 0 |
| Chattanooga, TN-GA | 5 | $ 1,735,000 | $ 347,000 | $ 159,200 |
| Clarksville, TN-KY | 5 | $ 5,045,000 | $ 1,009,000 | $ 46,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 5 | $ 1,465,000 | $ 293,000 | $ 89,000 |
| Fresno, CA | 5 | $ 425,000 | $ 85,000 | $ 0 |
| Oxnard-Thousand Oaks-Ventura, CA | 5 | $ 1,055,000 | $ 211,000 | $ 0 |
| Albuquerque, NM | 4 | $ 370,000 | $ 92,500 | $ 0 |
| Bend-Redmond, OR | 4 | $ 330,000 | $ 82,500 | $ 0 |
| Jackson, MS | 4 | $ 290,000 | $ 72,500 | $ 311,000 |
| Medford, OR | 4 | $ 430,000 | $ 107,500 | $ 0 |
| Napa, CA | 4 | $ 700,000 | $ 175,000 | $ 0 |
| San Francisco-Redwood City-South San Francisco, CA | 4 | $ 920,000 | $ 230,000 | $ 0 |
| Bakersfield, CA | 3 | $ 255,000 | $ 85,000 | $ 0 |
| Las Vegas-Henderson-Paradise, NV | 3 | $ 2,745,000 | $ 915,000 | $ 517,000 |
| New Orleans-Metairie, LA | 3 | $ 335,000 | $ 111,666 | $ 183,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 205,000 | $ 68,333 | $ 0 |
| Prescott Valley-Prescott, AZ | 3 | $ 445,000 | $ 148,333 | $ 0 |
| Albany, OR | 2 | $ 170,000 | $ 85,000 | $ 0 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 470,000 | $ 235,000 | $ 130,000 |
| Austin-Round Rock, TX | 2 | $ 230,000 | $ 115,000 | $ 136,000 |
| Cleveland-Elyria, OH | 2 | $ 330,000 | $ 165,000 | $ 166,000 |
| Eugene, OR | 2 | $ 160,000 | $ 80,000 | $ 0 |
| Gulfport-Biloxi-Pascagoula, MS | 2 | $ 450,000 | $ 225,000 | $ 77,000 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 560,000 | $ 280,000 | $ 184,000 |
| Kansas City, MO-KS | 2 | $ 270,000 | $ 135,000 | $ 189,000 |
| Knoxville, TN | 2 | $ 720,000 | $ 360,000 | $ 187,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 1,160,000 | $ 580,000 | $ 235,000 |
| Spokane-Spokane Valley, WA | 2 | $ 250,000 | $ 125,000 | $ 303,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Birmingham-Hoover, AL | 1 | $ 195,000 | $ 195,000 | $ 189,000 |
| Bloomington, IN | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Charleston, WV | 1 | $ 155,000 | $ 155,000 | $ 111,000 |
| Chicago-Naperville, IL | 1 | $ 185,000 | $ 185,000 | $ 170,000 |
| Cleveland, TN | 1 | $ 225,000 | $ 225,000 | $ 43,000 |
| Columbia, MO | 1 | $ 215,000 | $ 215,000 | $ 116,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 665,000 | $ 665,000 | $ 150,000 |
| Flagstaff, AZ | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 665,000 | $ 665,000 | $ 182,000 |
| Jacksonville, FL | 1 | $ 195,000 | $ 195,000 | $ 153,000 |
| Johnson City, TN | 1 | $ 275,000 | $ 275,000 | $ 106,000 |
| Kalamazoo-Portage, MI | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Lynchburg, VA | 1 | $ 775,000 | $ 775,000 | $ 281,000 |
| Merced, CA | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 65,000 | $ 65,000 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 2,275,000 | $ 2,275,000 | $ 396,000 |
| Olympia-Tumwater, WA | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Pine Bluff, AR | 1 | $ 65,000 | $ 65,000 | $ 32,000 |
| Port St. Lucie, FL | 1 | $ 1,125,000 | $ 1,125,000 | $ 3,441,000 |
| Redding, CA | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Salinas, CA | 1 | $ 35,000 | $ 35,000 | $ 0 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Santa Cruz-Watsonville, CA | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Stockton-Lodi, CA | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 385,000 | $ 385,000 | $ 145,000 |
| Tucson, AZ | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 335,000 | $ 335,000 | $ 108,000 |
| Visalia-Porterville, CA | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Watertown-Fort Drum, NY | 1 | $ 45,000 | $ 45,000 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 5,005,000 | $ 5,005,000 | $ 3,441,000 |
| Yuba City, CA | 1 | $ 105,000 | $ 105,000 | $ 0 |
Mortgage Loan Application Detail Totals for Orion Federal Credit Union in 2022
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 | 600 | $139,370,000 | $232,000 | $8,095,000 | $165,000 | $3,441,000 |
| Cash-out Refinancing | 162 | $91,570,000 | $565,000 | $30,005,000 | $120,000 | $729,000 |
| Refinancing | 68 | $21,580,000 | $317,000 | $9,505,000 | $141,000 | $1,287,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 287 | $119,255,000 | $415,000 | $30,005,000 | $0 | $0 |
| White | 236 | $66,350,000 | $281,000 | $5,005,000 | $170,000 | $3,441,000 |
| Black or African American | 136 | $28,710,000 | $211,000 | $705,000 | $101,000 | $334,000 |
| Not Provided | 81 | $17,895,000 | $220,000 | $1,035,000 | $134,000 | $729,000 |
| Hispanic | 43 | $6,985,000 | $162,000 | $875,000 | $137,000 | $615,000 |
| Asian | 34 | $9,710,000 | $285,000 | $2,065,000 | $237,000 | $1,287,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $965,000 | $137,000 | $195,000 | $265,000 | $965,000 |
| American Indian or Alaskan Native | 6 | $2,650,000 | $441,000 | $1,175,000 | $184,000 | $429,000 |
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) | 789 | $243,095,000 | $308,000 | $30,005,000 | $156,000 | $3,441,000 |
| FHA-insured (Federal Housing Administration) | 37 | $8,185,000 | $221,000 | $515,000 | $71,000 | $192,000 |
| VA-guaranteed (Veterans Administration) | 3 | $1,015,000 | $338,000 | $505,000 | $129,000 | $228,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $225,000 | $225,000 | $225,000 | $65,000 | $65,000 |
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 | 337 | $155,675,000 | $461,000 | $30,005,000 | $155,000 | $3,441,000 |
| Loan Purchased By The Institution | 282 | $37,420,000 | $132,000 | $365,000 | $0 | $0 |
| Application Withdrawn By Applicant | 163 | $38,495,000 | $236,000 | $2,275,000 | $135,000 | $1,287,000 |
| File Closed For Incompleteness | 24 | $3,530,000 | $147,000 | $325,000 | $100,000 | $262,000 |
| Application Denied By Financial Institution | 23 | $17,315,000 | $752,000 | $9,505,000 | $242,000 | $3,441,000 |
| Application Approved But Not Accepted | 1 | $85,000 | $85,000 | $85,000 | $171,000 | $171,000 |
| 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 | 807 | $235,205,000 | $291,000 | $30,005,000 | $146,000 | $3,441,000 |
| Debt-To-Income Ratio | 9 | $11,095,000 | $1,232,000 | $9,505,000 | $45,000 | $192,000 |
| Credit History | 8 | $900,000 | $112,000 | $225,000 | $75,000 | $134,000 |
| Collateral | 2 | $90,000 | $45,000 | $45,000 | $55,000 | $56,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $300,000 | $150,000 | $215,000 | $111,000 | $165,000 |
| Other | 1 | $3,805,000 | $3,805,000 | $3,805,000 | $600,000 | $600,000 |
| Unverifiable Information | 1 | $1,125,000 | $1,125,000 | $1,125,000 | $3,441,000 | $3,441,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Orion Federal Credit Union's 2022 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 Orion 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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