Redstone Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
Redstone Federal Credit Union 2023 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 | Redstone Federal Credit Union 220 Wynn Drive Huntsville, AL 35893 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 | 5,978 |
| Total Mortgage Loan Application Amount | $843,120,000 |
| Average Mortgage Loan Application Amount | $146,800 |
| Highest Mortgage Loan Application Amount | $40,115,000 |
| Average Applicant Income | $110,200 |
| Highest Applicant Income | $2,802,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 with Redstone 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 Redstone Federal Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2023 breaks down Redstone 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 Redstone Federal Credit Union serves its applicants.
Each category highlights the total number of mortgage applications processed by Redstone 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 Redstone Federal Credit Union's mortgage activity for 2023.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Madison County Alabama | 2,716 | $ 398,680,000 | $ 146,000 | $ 117,000 |
| Limestone County Alabama | 553 | $ 62,245,000 | $ 112,000 | $ 117,000 |
| Morgan County Alabama | 498 | $ 59,540,000 | $ 119,000 | $ 110,000 |
| Rutherford County Tennessee | 397 | $ 50,865,000 | $ 128,000 | $ 117,000 |
| Marshall County Alabama | 277 | $ 29,495,000 | $ 106,000 | $ 104,000 |
| Jackson County Alabama | 211 | $ 20,025,000 | $ 94,000 | $ 88,000 |
| Lincoln County Tennessee | 180 | $ 21,180,000 | $ 117,000 | $ 96,000 |
| Cullman County Alabama | 109 | $ 10,485,000 | $ 96,000 | $ 88,000 |
| Davidson County Tennessee | 70 | $ 11,510,000 | $ 164,000 | $ 144,000 |
| Lawrence County Alabama | 67 | $ 5,865,000 | $ 87,000 | $ 90,000 |
| Jefferson County Alabama | 44 | $ 5,070,000 | $ 115,000 | $ 135,000 |
| DeKalb County Alabama | 41 | $ 5,025,000 | $ 122,000 | $ 95,000 |
| Lauderdale County Alabama | 37 | $ 3,295,000 | $ 89,000 | $ 99,000 |
| Bedford County Tennessee | 31 | $ 5,765,000 | $ 185,000 | $ 115,000 |
| Giles County Tennessee | 31 | $ 4,035,000 | $ 130,000 | $ 89,000 |
| Coffee County Tennessee | 26 | $ 3,820,000 | $ 146,000 | $ 92,000 |
| Wilson County Tennessee | 25 | $ 4,485,000 | $ 179,000 | $ 110,000 |
| Shelby County Alabama | 22 | $ 3,020,000 | $ 137,000 | $ 145,000 |
| Colbert County Alabama | 21 | $ 2,125,000 | $ 101,000 | $ 88,000 |
| Etowah County Alabama | 21 | $ 2,825,000 | $ 134,000 | $ 99,000 |
| Maury County Tennessee | 18 | $ 2,910,000 | $ 161,000 | $ 136,000 |
| Cannon County Tennessee | 16 | $ 3,850,000 | $ 240,000 | $ 110,000 |
| Williamson County Tennessee | 15 | $ 3,475,000 | $ 231,000 | $ 188,000 |
| Franklin County Tennessee | 14 | $ 1,510,000 | $ 107,000 | $ 140,000 |
| Hamilton County Tennessee | 14 | $ 1,200,000 | $ 85,000 | $ 102,000 |
| Marshall County Tennessee | 13 | $ 1,585,000 | $ 121,000 | $ 82,000 |
| Montgomery County Tennessee | 12 | $ 1,910,000 | $ 159,000 | $ 95,000 |
| Sumner County Tennessee | 12 | $ 2,590,000 | $ 215,000 | $ 98,000 |
| DeKalb County Tennessee | 10 | $ 1,070,000 | $ 107,000 | $ 116,000 |
| Lawrence County Tennessee | 10 | $ 1,760,000 | $ 176,000 | $ 102,000 |
| Baldwin County Alabama | 9 | $ 1,875,000 | $ 208,000 | $ 134,000 |
| Blount County Alabama | 9 | $ 1,285,000 | $ 142,000 | $ 96,000 |
| Lee County Alabama | 9 | $ 1,105,000 | $ 122,000 | $ 160,000 |
| Mobile County Alabama | 9 | $ 1,085,000 | $ 120,000 | $ 139,000 |
| Winston County Alabama | 9 | $ 1,285,000 | $ 142,000 | $ 210,000 |
| Tuscaloosa County Alabama | 8 | $ 1,040,000 | $ 130,000 | $ 112,000 |
| Walker County Alabama | 8 | $ 730,000 | $ 91,000 | $ 119,000 |
| St. Clair County Alabama | 7 | $ 635,000 | $ 90,000 | $ 111,000 |
| Shelby County Tennessee | 7 | $ 635,000 | $ 90,000 | $ 133,000 |
| Warren County Tennessee | 7 | $ 665,000 | $ 95,000 | $ 73,000 |
| Calhoun County Alabama | 6 | $ 610,000 | $ 101,000 | $ 130,000 |
| Montgomery County Alabama | 6 | $ 550,000 | $ 91,000 | $ 124,000 |
| Robertson County Tennessee | 6 | $ 830,000 | $ 138,000 | $ 74,000 |
| Cherokee County Alabama | 5 | $ 955,000 | $ 191,000 | $ 177,000 |
| Tipton County Tennessee | 5 | $ 795,000 | $ 159,000 | $ 63,000 |
| Knox County Tennessee | 4 | $ 850,000 | $ 212,000 | $ 131,000 |
| Sevier County Tennessee | 4 | $ 530,000 | $ 132,000 | $ 255,000 |
| Elmore County Alabama | 3 | $ 155,000 | $ 51,000 | $ 57,000 |
| Houston County Alabama | 3 | $ 285,000 | $ 95,000 | $ 144,000 |
| Cheatham County Tennessee | 3 | $ 475,000 | $ 158,000 | $ 70,000 |
| Hickman County Tennessee | 3 | $ 155,000 | $ 51,000 | $ 61,000 |
| Moore County Tennessee | 3 | $ 285,000 | $ 95,000 | $ 132,000 |
| Dale County Alabama | 2 | $ 340,000 | $ 170,000 | $ 165,000 |
| Randolph County Alabama | 2 | $ 90,000 | $ 45,000 | $ 169,000 |
| Talladega County Alabama | 2 | $ 310,000 | $ 155,000 | $ 108,000 |
| Dickson County Tennessee | 2 | $ 530,000 | $ 265,000 | $ 129,000 |
| Fayette County Tennessee | 2 | $ 100,000 | $ 50,000 | $ 50,000 |
| McMinn County Tennessee | 2 | $ 220,000 | $ 110,000 | $ 56,000 |
| Scott County Tennessee | 2 | $ 280,000 | $ 140,000 | $ 63,000 |
| Sequatchie County Tennessee | 2 | $ 210,000 | $ 105,000 | $ 193,000 |
| Trousdale County Tennessee | 2 | $ 260,000 | $ 130,000 | $ 85,000 |
| Van Buren County Tennessee | 2 | $ 260,000 | $ 130,000 | $ 66,000 |
| Autauga County Alabama | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Bibb County Alabama | 1 | $ 185,000 | $ 185,000 | $ 50,000 |
| Chilton County Alabama | 1 | $ 55,000 | $ 55,000 | $ 90,000 |
| Dallas County Alabama | 1 | $ 25,000 | $ 25,000 | $ 59,000 |
| Marion County Alabama | 1 | $ 175,000 | $ 175,000 | $ 68,000 |
| Perry County Alabama | 1 | $ 75,000 | $ 75,000 | $ 86,000 |
| Pinellas County Florida | 1 | $ 465,000 | $ 465,000 | $ 0 |
| Hampden County Massachusetts | 1 | $ 5,000 | $ 5,000 | $ 120,000 |
| Hennepin County Minnesota | 1 | $ 18,605,000 | $ 18,605,000 | $ 0 |
| Lafayette County Mississippi | 1 | $ 315,000 | $ 315,000 | $ 1,252,000 |
| Perry County Ohio | 1 | $ 45,000 | $ 45,000 | $ 133,000 |
| Washington County Pennsylvania | 1 | $ 205,000 | $ 205,000 | $ 120,000 |
| Anderson County Tennessee | 1 | $ 225,000 | $ 225,000 | $ 132,000 |
| Blount County Tennessee | 1 | $ 225,000 | $ 225,000 | $ 99,000 |
| Bradley County Tennessee | 1 | $ 55,000 | $ 55,000 | $ 285,000 |
| Carter County Tennessee | 1 | $ 35,000 | $ 35,000 | $ 99,000 |
| Decatur County Tennessee | 1 | $ 295,000 | $ 295,000 | $ 93,000 |
| Haywood County Tennessee | 1 | $ 75,000 | $ 75,000 | $ 60,000 |
| Lauderdale County Tennessee | 1 | $ 155,000 | $ 155,000 | $ 40,000 |
| Lewis County Tennessee | 1 | $ 155,000 | $ 155,000 | $ 82,000 |
| Loudon County Tennessee | 1 | $ 485,000 | $ 485,000 | $ 198,000 |
| Macon County Tennessee | 1 | $ 275,000 | $ 275,000 | $ 119,000 |
| Putnam County Tennessee | 1 | $ 125,000 | $ 125,000 | $ 63,000 |
| Roane County Tennessee | 1 | $ 235,000 | $ 235,000 | $ 105,000 |
| Smith County Tennessee | 1 | $ 185,000 | $ 185,000 | $ 66,000 |
| Wayne County Tennessee | 1 | $ 85,000 | $ 85,000 | $ 102,000 |
| White County Tennessee | 1 | $ 55,000 | $ 55,000 | $ 86,000 |
Mortgage Loan Application Detail Totals for Redstone 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 Improvement | 1,938 | $124,980,000 | $64,000 | $285,000 | $116,000 | $2,802,000 |
| Home Purchase | 1,419 | $432,075,000 | $304,000 | $40,115,000 | $104,000 | $1,252,000 |
| Other Purpose | 1,286 | $83,650,000 | $65,000 | $255,000 | $113,000 | $1,950,000 |
| Refinancing | 823 | $127,065,000 | $154,000 | $18,605,000 | $122,000 | $1,560,000 |
| Cash-out Refinancing | 512 | $75,350,000 | $147,000 | $1,505,000 | $96,000 | $672,000 |
| 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 | 4,063 | $480,615,000 | $118,000 | $1,505,000 | $112,000 | $2,802,000 |
| Black or African American | 767 | $78,065,000 | $101,000 | $725,000 | $103,000 | $1,608,000 |
| Not Provided | 702 | $78,050,000 | $111,000 | $825,000 | $125,000 | $1,776,000 |
| Hispanic | 250 | $34,720,000 | $138,000 | $965,000 | $90,000 | $390,000 |
| American Indian or Alaskan Native | 79 | $8,985,000 | $113,000 | $465,000 | $106,000 | $270,000 |
| Asian | 72 | $11,900,000 | $165,000 | $965,000 | $146,000 | $846,000 |
| Not applicable | 23 | $147,025,000 | $6,392,000 | $40,115,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 5 | $235,000 | $47,000 | $65,000 | $105,000 | $186,000 |
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) | 5,775 | $788,305,000 | $136,000 | $40,115,000 | $112,000 | $2,802,000 |
| VA-guaranteed (Veterans Administration) | 104 | $31,980,000 | $307,000 | $825,000 | $108,000 | $418,000 |
| FHA-insured (Federal Housing Administration) | 90 | $20,720,000 | $230,000 | $595,000 | $83,000 | $236,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $2,115,000 | $235,000 | $305,000 | $71,000 | $92,000 |
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 | 3,447 | $465,935,000 | $135,000 | $40,115,000 | $121,000 | $2,802,000 |
| Application Denied By Financial Institution | 1,239 | $109,125,000 | $88,000 | $10,045,000 | $90,000 | $1,950,000 |
| Application Withdrawn By Applicant | 423 | $123,395,000 | $291,000 | $37,305,000 | $113,000 | $1,608,000 |
| Application Approved But Not Accepted | 405 | $54,915,000 | $135,000 | $20,125,000 | $111,000 | $1,080,000 |
| Preapproval Approved but not Accepted | 198 | $49,020,000 | $247,000 | $965,000 | $88,000 | $335,000 |
| File Closed For Incompleteness | 180 | $20,540,000 | $114,000 | $595,000 | $125,000 | $1,284,000 |
| Preapproval Denied by Financial Institution | 86 | $20,190,000 | $234,000 | $775,000 | $69,000 | $400,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 4,653 | $713,805,000 | $153,000 | $40,115,000 | $118,000 | $2,802,000 |
| Credit History | 704 | $49,450,000 | $70,000 | $765,000 | $93,000 | $1,950,000 |
| Debt-To-Income Ratio | 394 | $46,810,000 | $118,000 | $995,000 | $64,000 | $273,000 |
| Other | 106 | $20,380,000 | $192,000 | $10,045,000 | $119,000 | $577,000 |
| Collateral | 106 | $9,060,000 | $85,000 | $255,000 | $122,000 | $342,000 |
| Unverifiable Information | 10 | $2,050,000 | $205,000 | $505,000 | $143,000 | $439,000 |
| Employment History | 4 | $1,340,000 | $335,000 | $465,000 | $113,000 | $158,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $225,000 | $225,000 | $225,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Redstone Federal Credit Union's 2023 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 Redstone 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.
For a list of all lenders in Alabama, download the full spreadsheet
with aggregated HMDA statistics today.