Texas Tech Federal Credit Union Mortgage Lending & HMDA Data, 2022
In 2022, Texas Tech Federal Credit Union of Lubbock, TX reported 1,702 mortgage applications totaling $432.8 million, down 28% from 2021. The average application was for $254,265, and applicants reported an average income of $165,722. 82% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Lubbock, TX (1,177), Dallas-Plano-Irving, TX (125) and Austin-Round Rock, TX (74) (applications in parentheses).
| Mortgage Company & Address | Texas Tech Federal Credit Union 4005 98th Street Lubbock, TX 79409 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 1,702 |
| Total Mortgage Loan Application Amount | $432,760,000 |
| Average Mortgage Loan Application Amount | $254,265 |
| Highest Mortgage Loan Application Amount | $2,005,000 |
| Average Applicant Income | $165,722 |
| Highest Applicant Income | $3,623,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Texas Tech Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Lubbock, TX | 1,177 | $ 279,655,000 | $ 237,599 | $ 138,000 |
| Outside any metro area | 147 | $ 33,785,000 | $ 229,829 | $ 128,843 |
| Dallas-Plano-Irving, TX | 125 | $ 41,335,000 | $ 330,680 | $ 295,000 |
| Austin-Round Rock, TX | 74 | $ 21,660,000 | $ 292,702 | $ 339,000 |
| Amarillo, TX | 46 | $ 9,900,000 | $ 215,217 | $ 102,000 |
| Fort Worth-Arlington, TX | 26 | $ 8,240,000 | $ 316,923 | $ 238,000 |
| Houston-The Woodlands-Sugar Land, TX | 25 | $ 9,135,000 | $ 365,400 | $ 225,000 |
| Midland, TX | 10 | $ 3,630,000 | $ 363,000 | $ 215,000 |
| Odessa, TX | 7 | $ 1,285,000 | $ 183,571 | $ 149,000 |
| San Antonio-New Braunfels, TX | 6 | $ 1,440,000 | $ 240,000 | $ 342,000 |
| Abilene, TX | 5 | $ 1,185,000 | $ 237,000 | $ 154,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 4,845,000 | $ 969,000 | $ 636,000 |
| Wichita Falls, TX | 5 | $ 735,000 | $ 147,000 | $ 56,000 |
| San Angelo, TX | 4 | $ 840,000 | $ 210,000 | $ 84,000 |
| Jacksonville, FL | 3 | $ 1,065,000 | $ 355,000 | $ 141,000 |
| Oklahoma City, OK | 3 | $ 1,005,000 | $ 335,000 | $ 182,000 |
| Racine, WI | 3 | $ 505,000 | $ 168,333 | $ 179,000 |
| Waco, TX | 3 | $ 1,045,000 | $ 348,333 | $ 480,000 |
| Birmingham-Hoover, AL | 2 | $ 1,470,000 | $ 735,000 | $ 510,000 |
| College Station-Bryan, TX | 2 | $ 430,000 | $ 215,000 | $ 93,000 |
| Montgomery County-Bucks County-Chester County, PA | 2 | $ 690,000 | $ 345,000 | $ 196,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 870,000 | $ 435,000 | $ 271,000 |
| Sherman-Denison, TX | 2 | $ 430,000 | $ 215,000 | $ 277,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 870,000 | $ 435,000 | $ 2,011,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 2,005,000 | $ 2,005,000 | $ 375,000 |
| Beaumont-Port Arthur, TX | 1 | $ 35,000 | $ 35,000 | $ 58,000 |
| Billings, MT | 1 | $ 365,000 | $ 365,000 | $ 117,000 |
| Brownsville-Harlingen, TX | 1 | $ 285,000 | $ 285,000 | $ 56,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 385,000 | $ 385,000 | $ 463,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 305,000 | $ 305,000 | $ 106,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 625,000 | $ 625,000 | $ 215,000 |
| Elgin, IL | 1 | $ 485,000 | $ 485,000 | $ 195,000 |
| Gary, IN | 1 | $ 765,000 | $ 765,000 | $ 290,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 95,000 | $ 95,000 | $ 174,000 |
| Memphis, TN-MS-AR | 1 | $ 65,000 | $ 65,000 | $ 97,000 |
| Philadelphia, PA | 1 | $ 295,000 | $ 295,000 | $ 66,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 155,000 | $ 155,000 | $ 191,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 445,000 | $ 445,000 | $ 295,000 |
| Tulsa, OK | 1 | $ 195,000 | $ 195,000 | $ 246,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 205,000 | $ 205,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Texas Tech 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 | 1,426 | $364,260,000 | $255,000 | $1,895,000 | $169,000 | $3,623,000 |
| Refinancing | 169 | $48,945,000 | $289,000 | $2,005,000 | $150,000 | $922,000 |
| Cash-out Refinancing | 87 | $15,995,000 | $183,000 | $955,000 | $151,000 | $825,000 |
| Home Improvement | 19 | $3,405,000 | $179,000 | $375,000 | $115,000 | $285,000 |
| Other Purpose | 1 | $155,000 | $155,000 | $155,000 | $393,000 | $393,000 |
| 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 | 997 | $261,045,000 | $261,000 | $2,005,000 | $166,000 | $3,623,000 |
| Not Provided | 317 | $82,835,000 | $261,000 | $1,885,000 | $185,000 | $2,004,000 |
| Hispanic | 265 | $58,375,000 | $220,000 | $1,305,000 | $125,000 | $1,338,000 |
| Asian | 59 | $13,595,000 | $230,000 | $1,145,000 | $191,000 | $557,000 |
| Black or African American | 41 | $10,965,000 | $267,000 | $1,165,000 | $244,000 | $960,000 |
| American Indian or Alaskan Native | 6 | $1,900,000 | $316,000 | $425,000 | $146,000 | $279,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $325,000 | $325,000 | $325,000 | $108,000 | $108,000 |
| 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) | 1,445 | $372,535,000 | $257,000 | $2,005,000 | $179,000 | $3,623,000 |
| FHA-insured (Federal Housing Administration) | 207 | $45,755,000 | $221,000 | $435,000 | $85,000 | $254,000 |
| VA-guaranteed (Veterans Administration) | 50 | $14,470,000 | $289,000 | $765,000 | $104,000 | $290,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 1,401 | $354,605,000 | $253,000 | $1,895,000 | $167,000 | $3,623,000 |
| Application Withdrawn By Applicant | 265 | $69,275,000 | $261,000 | $2,005,000 | $162,000 | $1,749,000 |
| Application Denied By Financial Institution | 34 | $8,710,000 | $256,000 | $1,145,000 | $128,000 | $900,000 |
| File Closed For Incompleteness | 2 | $170,000 | $85,000 | $125,000 | $84,000 | $103,000 |
| Application Approved But Not Accepted | 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 |
| 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 | 1,668 | $424,050,000 | $254,000 | $2,005,000 | $166,000 | $3,623,000 |
| Credit History | 19 | $4,725,000 | $248,000 | $1,145,000 | $75,000 | $206,000 |
| Other | 5 | $2,375,000 | $475,000 | $1,035,000 | $355,000 | $900,000 |
| Debt-To-Income Ratio | 4 | $650,000 | $162,000 | $275,000 | $77,000 | $156,000 |
| Unverifiable Information | 3 | $415,000 | $138,000 | $175,000 | $70,000 | $120,000 |
| Collateral | 3 | $545,000 | $181,000 | $265,000 | $218,000 | $435,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $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 Texas Tech 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 Texas Tech 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 Texas, download the full spreadsheet
with aggregated HMDA statistics today.
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