Tulsa Federal Credit Union Mortgage Lending & HMDA Data, 2009
In 2009, Tulsa Federal Credit Union of Tulsa, OK reported 470 mortgage applications totaling $28.2 million, up 7% from 2008. The average application was for $60,008, and applicants reported an average income of $63,612. 77% of its applications resulted in an originated loan and 14% were denied. Its largest market was Tulsa, OK (373).
| Mortgage Company & Address | Tulsa Federal Credit Union 9323 E. 21st St. Tulsa, OK 74129 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 470 |
| Total Mortgage Loan Application Amount | $28,204,000 |
| Average Mortgage Loan Application Amount | $60,008 |
| Highest Mortgage Loan Application Amount | $621,000 |
| Average Applicant Income | $63,612 |
| Highest Applicant Income | $437,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Tulsa Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Tulsa, Oklahoma | 262 | $ 14,769,000 | $ 56,370 | $ 67,000 |
| Wagoner, Oklahoma | 33 | $ 2,071,000 | $ 62,757 | $ 63,000 |
| Osage, Oklahoma | 28 | $ 1,251,000 | $ 44,678 | $ 71,000 |
| Rogers, Oklahoma | 24 | $ 2,133,000 | $ 88,875 | $ 85,000 |
| Creek, Oklahoma | 21 | $ 1,057,000 | $ 50,333 | $ 55,000 |
| Okmulgee, Oklahoma | 3 | $ 176,000 | $ 58,666 | $ 20,000 |
| Pawnee, Oklahoma | 2 | $ 68,000 | $ 34,000 | $ 42,000 |
| Bryan, Oklahoma | 1 | $ 65,000 | $ 65,000 | $ 140,000 |
| Delaware, Oklahoma | 1 | $ 245,000 | $ 245,000 | $ 119,000 |
| Mayes, Oklahoma | 1 | $ 20,000 | $ 20,000 | $ 20,000 |
| Oklahoma, Oklahoma | 1 | $ 225,000 | $ 225,000 | $ 96,000 |
Mortgage Loan Application Detail Totals for Tulsa Federal Credit Union in 2009
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 | 281 | $6,603,000 | $23,000 | $293,000 | $57,000 | $300,000 |
| Home Purchase | 105 | $11,174,000 | $106,000 | $519,000 | $65,000 | $367,000 |
| Refinancing | 84 | $10,427,000 | $124,000 | $621,000 | $84,000 | $437,000 |
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 | 378 | $22,883,000 | $60,000 | $621,000 | $66,000 | $437,000 |
| Black or African American | 29 | $1,223,000 | $42,000 | $190,000 | $38,000 | $111,000 |
| American Indian or Alaskan Native | 28 | $1,495,000 | $53,000 | $180,000 | $52,000 | $140,000 |
| Not Provided | 17 | $1,424,000 | $83,000 | $225,000 | $89,000 | $367,000 |
| Hispanic | 10 | $840,000 | $84,000 | $240,000 | $45,000 | $82,000 |
| Asian | 7 | $332,000 | $47,000 | $115,000 | $73,000 | $184,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $7,000 | $7,000 | $7,000 | $42,000 | $42,000 |
| 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) | 470 | $28,204,000 | $60,000 | $621,000 | $64,000 | $437,000 |
| 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 | 363 | $18,844,000 | $51,000 | $621,000 | $66,000 | $437,000 |
| Application Denied By Financial Institution | 67 | $5,843,000 | $87,000 | $519,000 | $56,000 | $225,000 |
| Application Withdrawn By Applicant | 32 | $2,784,000 | $87,000 | $230,000 | $63,000 | $255,000 |
| Application Approved But Not Accepted | 3 | $344,000 | $114,000 | $197,000 | $56,000 | $104,000 |
| Preapproval Denied by Financial Institution | 3 | $221,000 | $73,000 | $110,000 | $41,000 | $61,000 |
| File Closed For Incompleteness | 2 | $168,000 | $84,000 | $130,000 | $24,000 | $26,000 |
| 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 | 26 | $1,423,000 | $54,000 | $196,000 | $59,000 | $168,000 |
| Debt-To-Income Ratio | 11 | $1,528,000 | $138,000 | $519,000 | $58,000 | $139,000 |
| Other | 7 | $522,000 | $74,000 | $115,000 | $53,000 | $103,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $320,000 | $53,000 | $75,000 | $33,000 | $46,000 |
| Employment History | 2 | $274,000 | $137,000 | $144,000 | $40,000 | $41,000 |
| Collateral | 2 | $36,000 | $18,000 | $21,000 | $68,000 | $86,000 |
| Unverifiable Information | 1 | $74,000 | $74,000 | $74,000 | $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 Tulsa Federal Credit Union's 2009 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 Tulsa 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 Oklahoma, download the full spreadsheet
with aggregated HMDA statistics today.
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