Credit Union for Robertson County, the Mortgage Lending & HMDA Data, 2017
In 2017, Credit Union for Robertson County, the of Springfield, TN reported 44 mortgage applications totaling $3.1 million, up 29% from 2016. The average application was for $69,500, and applicants reported an average income of $63,340. 59% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (38) and Clarksville, TN-KY (1).
| Mortgage Company & Address | Credit Union for Robertson County, the 2416 Memorial Blvd Springfield, TN 37172 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 |
| Total Number of Mortgage Applications | 44 |
| Total Mortgage Loan Application Amount | $3,058,000 |
| Average Mortgage Loan Application Amount | $69,500 |
| Highest Mortgage Loan Application Amount | $208,000 |
| Average Applicant Income | $63,340 |
| Highest Applicant Income | $179,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Credit Union for Robertson County, the filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Credit Union for Robertson County, the in 2017
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 | 20 | $1,408,000 | $70,000 | $130,000 | $61,000 | $137,000 |
| Home Purchase | 13 | $937,000 | $72,000 | $208,000 | $52,000 | $111,000 |
| Home Improvement | 11 | $713,000 | $64,000 | $157,000 | $81,000 | $179,000 |
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 | 38 | $2,631,000 | $69,000 | $208,000 | $65,000 | $179,000 |
| Black or African American | 4 | $256,000 | $64,000 | $107,000 | $57,000 | $118,000 |
| Hispanic | 1 | $90,000 | $90,000 | $90,000 | $29,000 | $29,000 |
| Asian | 1 | $81,000 | $81,000 | $81,000 | $45,000 | $45,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 44 | $3,058,000 | $69,000 | $208,000 | $63,000 | $179,000 |
| 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 | 26 | $1,770,000 | $68,000 | $157,000 | $71,000 | $179,000 |
| Application Denied By Financial Institution | 10 | $802,000 | $80,000 | $208,000 | $47,000 | $111,000 |
| Application Approved But Not Accepted | 4 | $274,000 | $68,000 | $130,000 | $71,000 | $134,000 |
| Application Withdrawn By Applicant | 2 | $104,000 | $52,000 | $72,000 | $49,000 | $67,000 |
| Preapproval Approved but not Accepted | 1 | $23,000 | $23,000 | $23,000 | $31,000 | $31,000 |
| Preapproval Denied by Financial Institution | 1 | $85,000 | $85,000 | $85,000 | $53,000 | $53,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Credit Union for Robertson County, the's 2017 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 Credit Union for Robertson County, the'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.
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