Southeast Financial Federal CU Mortgage Lending & HMDA Data, 2006
In 2006, Southeast Financial Federal CU of Franklin, TN reported 382 mortgage applications totaling $41.9 million. The average application was for $109,562, and applicants reported an average income of $58,379. 69% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Nashville-Davidson--Murfreesboro, TN (278), Memphis, TN-MS-AR (16) and Knoxville, TN (12) (applications in parentheses).
| Mortgage Company & Address | Southeast Financial Federal CU 220 S. Royal Oaks Blvd. Franklin, TN 37064 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 |
| Total Number of Mortgage Applications | 382 |
| Total Mortgage Loan Application Amount | $41,853,000 |
| Average Mortgage Loan Application Amount | $109,562 |
| Highest Mortgage Loan Application Amount | $1,233,000 |
| Average Applicant Income | $58,379 |
| Highest Applicant Income | $492,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Southeast Financial Federal CU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Davidson, Tennessee | 156 | $ 16,143,000 | $ 103,480 | $ 46,000 |
| Rutherford, Tennessee | 40 | $ 4,233,000 | $ 105,825 | $ 58,000 |
| Williamson, Tennessee | 23 | $ 5,535,000 | $ 240,652 | $ 86,000 |
| Sumner, Tennessee | 20 | $ 1,748,000 | $ 87,400 | $ 63,000 |
| Robertson, Tennessee | 13 | $ 1,209,000 | $ 93,000 | $ 60,000 |
| Shelby, Tennessee | 11 | $ 1,072,000 | $ 97,454 | $ 71,000 |
| Cheatham, Tennessee | 9 | $ 600,000 | $ 66,666 | $ 67,000 |
| Knox, Tennessee | 8 | $ 680,000 | $ 85,000 | $ 108,000 |
| Montgomery, Tennessee | 7 | $ 378,000 | $ 54,000 | $ 70,000 |
| Dickson, Tennessee | 6 | $ 426,000 | $ 71,000 | $ 72,000 |
| Wilson, Tennessee | 6 | $ 759,000 | $ 126,500 | $ 64,000 |
| Maury, Tennessee | 5 | $ 345,000 | $ 69,000 | $ 53,000 |
| Hamilton, Tennessee | 4 | $ 252,000 | $ 63,000 | $ 83,000 |
| Maricopa, Arizona | 3 | $ 364,000 | $ 121,333 | $ 42,000 |
| DeKalb, Georgia | 3 | $ 452,000 | $ 150,666 | $ 49,000 |
| DeSoto, Mississippi | 3 | $ 286,000 | $ 95,333 | $ 74,000 |
| Madison, Tennessee | 3 | $ 350,000 | $ 116,666 | $ 43,000 |
| Jefferson, Alabama | 2 | $ 412,000 | $ 206,000 | $ 76,000 |
| Hendry, Florida | 2 | $ 250,000 | $ 125,000 | $ 52,000 |
| Pinellas, Florida | 2 | $ 1,110,000 | $ 555,000 | $ 252,000 |
| Cobb, Georgia | 2 | $ 410,000 | $ 205,000 | $ 47,000 |
| Alcorn, Mississippi | 2 | $ 186,000 | $ 93,000 | $ 34,000 |
| Bedford, Tennessee | 2 | $ 156,000 | $ 78,000 | $ 43,000 |
| Blount, Tennessee | 2 | $ 350,000 | $ 175,000 | $ 43,000 |
| Cocke, Tennessee | 2 | $ 173,000 | $ 86,500 | $ 69,000 |
| DeKalb, Tennessee | 2 | $ 153,000 | $ 76,500 | $ 36,000 |
| Hickman, Tennessee | 2 | $ 75,000 | $ 37,500 | $ 51,000 |
| Lewis, Tennessee | 2 | $ 102,000 | $ 51,000 | $ 54,000 |
| Loudon, Tennessee | 2 | $ 52,000 | $ 26,000 | $ 55,000 |
| Colbert, Alabama | 1 | $ 71,000 | $ 71,000 | $ 36,000 |
| Tuscaloosa, Alabama | 1 | $ 485,000 | $ 485,000 | $ 254,000 |
| Los Angeles, California | 1 | $ 80,000 | $ 80,000 | $ 81,000 |
| San Benito, California | 1 | $ 150,000 | $ 150,000 | $ 52,000 |
| Brevard, Florida | 1 | $ 40,000 | $ 40,000 | $ 65,000 |
| Hillsborough, Florida | 1 | $ 70,000 | $ 70,000 | $ 91,000 |
| Santa Rosa, Florida | 1 | $ 100,000 | $ 100,000 | $ 34,000 |
| Carroll, Georgia | 1 | $ 139,000 | $ 139,000 | $ 57,000 |
| Charlton, Georgia | 1 | $ 139,000 | $ 139,000 | $ 69,000 |
| Clayton, Georgia | 1 | $ 15,000 | $ 15,000 | $ 65,000 |
| Douglas, Georgia | 1 | $ 30,000 | $ 30,000 | $ 85,000 |
| Fulton, Georgia | 1 | $ 92,000 | $ 92,000 | $ 4,000 |
| Newton, Georgia | 1 | $ 35,000 | $ 35,000 | $ 52,000 |
| Cook, Illinois | 1 | $ 10,000 | $ 10,000 | $ 26,000 |
| Marion, Indiana | 1 | $ 162,000 | $ 162,000 | $ 200,000 |
| Pulaski, Kentucky | 1 | $ 25,000 | $ 25,000 | $ 76,000 |
| Simpson, Kentucky | 1 | $ 10,000 | $ 10,000 | $ 44,000 |
| Cape Girardeau, Missouri | 1 | $ 180,000 | $ 180,000 | $ 81,000 |
| Mecklenburg, North Carolina | 1 | $ 21,000 | $ 21,000 | $ 38,000 |
| Cuyahoga, Ohio | 1 | $ 140,000 | $ 140,000 | $ 47,000 |
| Franklin, Ohio | 1 | $ 5,000 | $ 5,000 | $ 16,000 |
| Le Flore, Oklahoma | 1 | $ 130,000 | $ 130,000 | $ 47,000 |
| Schuylkill, Pennsylvania | 1 | $ 90,000 | $ 90,000 | $ 66,000 |
| Bradley, Tennessee | 1 | $ 9,000 | $ 9,000 | $ 52,000 |
| Cannon, Tennessee | 1 | $ 144,000 | $ 144,000 | $ 39,000 |
| Carroll, Tennessee | 1 | $ 60,000 | $ 60,000 | $ 45,000 |
| Chester, Tennessee | 1 | $ 170,000 | $ 170,000 | $ 92,000 |
| Fayette, Tennessee | 1 | $ 29,000 | $ 29,000 | $ 131,000 |
| Giles, Tennessee | 1 | $ 200,000 | $ 200,000 | $ 74,000 |
| Macon, Tennessee | 1 | $ 43,000 | $ 43,000 | $ 90,000 |
| Marion, Tennessee | 1 | $ 45,000 | $ 45,000 | $ 107,000 |
| Marshall, Tennessee | 1 | $ 65,000 | $ 65,000 | $ 19,000 |
| Putnam, Tennessee | 1 | $ 24,000 | $ 24,000 | $ 96,000 |
| Smith, Tennessee | 1 | $ 165,000 | $ 165,000 | $ 84,000 |
| Tipton, Tennessee | 1 | $ 100,000 | $ 100,000 | $ 22,000 |
| Washington, Tennessee | 1 | $ 36,000 | $ 36,000 | $ 27,000 |
| Dinwiddie, Virginia | 1 | $ 183,000 | $ 183,000 | $ 55,000 |
| Wise, Virginia | 1 | $ 100,000 | $ 100,000 | $ 65,000 |
Mortgage Loan Application Detail Totals for Southeast Financial Federal CU in 2006
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 | 215 | $27,819,000 | $129,000 | $1,233,000 | $53,000 | $270,000 |
| Refinancing | 98 | $11,726,000 | $119,000 | $1,080,000 | $62,000 | $492,000 |
| Home Improvement | 69 | $2,308,000 | $33,000 | $100,000 | $70,000 | $218,000 |
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 | 154 | $15,978,000 | $103,000 | $1,233,000 | $67,000 | $209,000 |
| Not Provided | 111 | $12,354,000 | $111,000 | $1,080,000 | $62,000 | $492,000 |
| Hispanic | 91 | $10,304,000 | $113,000 | $200,000 | $40,000 | $115,000 |
| Black or African American | 23 | $3,016,000 | $131,000 | $274,000 | $56,000 | $113,000 |
| Asian | 2 | $151,000 | $75,000 | $79,000 | $71,000 | $118,000 |
| American Indian or Alaskan Native | 1 | $50,000 | $50,000 | $50,000 | $125,000 | $125,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 382 | $41,853,000 | $109,000 | $1,233,000 | $59,000 | $492,000 |
| 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 | 264 | $28,968,000 | $109,000 | $1,233,000 | $64,000 | $492,000 |
| Application Denied By Financial Institution | 83 | $8,830,000 | $106,000 | $270,000 | $46,000 | $113,000 |
| Preapproval Denied by Financial Institution | 35 | $4,055,000 | $115,000 | $200,000 | $47,000 | $84,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 77 | $9,010,000 | $117,000 | $270,000 | $49,000 | $113,000 |
| Debt-To-Income Ratio | 22 | $1,815,000 | $82,000 | $210,000 | $41,000 | $81,000 |
| Collateral | 6 | $789,000 | $131,000 | $205,000 | $37,000 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $369,000 | $92,000 | $139,000 | $52,000 | $78,000 |
| Unverifiable Information | 3 | $329,000 | $109,000 | $144,000 | $38,000 | $63,000 |
| Other | 2 | $280,000 | $140,000 | $150,000 | $43,000 | $52,000 |
| Employment History | 2 | $110,000 | $55,000 | $100,000 | $36,000 | $50,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Southeast Financial Federal CU's 2006 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 Southeast Financial Federal CU'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 Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About