Y-12 Federal Credit Union Mortgage Lending & HMDA Data, 2008
In 2008, Y-12 Federal Credit Union of Oak Ridge, TN reported 957 mortgage applications totaling $102.9 million, up 12% from 2007. The average application was for $107,503, and applicants reported an average income of $64,968. 59% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Knoxville, TN (584), Morristown, TN (6) and Atlanta-Sandy Springs-Marietta, GA (1) (applications in parentheses).
| Mortgage Company & Address | Y-12 Federal Credit Union 501 Lafayette Dr Oak Ridge, TN 37830 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 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 | 957 |
| Total Mortgage Loan Application Amount | $102,881,000 |
| Average Mortgage Loan Application Amount | $107,503 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $64,968 |
| Highest Applicant Income | $368,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Y-12 Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Knox, Tennessee | 263 | $ 33,830,000 | $ 128,631 | $ 73,000 |
| Anderson, Tennessee | 171 | $ 13,245,000 | $ 77,456 | $ 66,000 |
| Blount, Tennessee | 114 | $ 13,948,000 | $ 122,350 | $ 69,000 |
| Roane, Tennessee | 97 | $ 8,786,000 | $ 90,577 | $ 71,000 |
| Campbell, Tennessee | 71 | $ 5,587,000 | $ 78,690 | $ 52,000 |
| Loudon, Tennessee | 35 | $ 4,023,000 | $ 114,942 | $ 67,000 |
| Sevier, Tennessee | 35 | $ 4,275,000 | $ 122,142 | $ 64,000 |
| Morgan, Tennessee | 25 | $ 2,095,000 | $ 83,800 | $ 69,000 |
| Scott, Tennessee | 17 | $ 1,503,000 | $ 88,411 | $ 46,000 |
| Monroe, Tennessee | 8 | $ 692,000 | $ 86,500 | $ 57,000 |
| Cumberland, Tennessee | 4 | $ 436,000 | $ 109,000 | $ 51,000 |
| Claiborne, Tennessee | 3 | $ 163,000 | $ 54,333 | $ 46,000 |
| Greene, Tennessee | 3 | $ 672,000 | $ 224,000 | $ 11,000 |
| Jefferson, Tennessee | 3 | $ 256,000 | $ 85,333 | $ 78,000 |
| Grainger, Tennessee | 2 | $ 184,000 | $ 92,000 | $ 39,000 |
| McMinn, Tennessee | 2 | $ 146,000 | $ 73,000 | $ 61,000 |
| Gwinnett, Georgia | 1 | $ 118,000 | $ 118,000 | $ 48,000 |
| Hamblen, Tennessee | 1 | $ 382,000 | $ 382,000 | $ 170,000 |
| Hamilton, Tennessee | 1 | $ 60,000 | $ 60,000 | $ 61,000 |
| Johnson, Tennessee | 1 | $ 131,000 | $ 131,000 | $ 140,000 |
| Meigs, Tennessee | 1 | $ 5,000 | $ 5,000 | $ 126,000 |
| Overton, Tennessee | 1 | $ 135,000 | $ 135,000 | $ 43,000 |
| Sullivan, Tennessee | 1 | $ 161,000 | $ 161,000 | $ 0 |
| Union, Tennessee | 1 | $ 264,000 | $ 264,000 | $ 54,000 |
| Washington, Tennessee | 1 | $ 960,000 | $ 960,000 | $ 0 |
| Comal, Texas | 1 | $ 2,000 | $ 2,000 | $ 86,000 |
Mortgage Loan Application Detail Totals for Y-12 Federal Credit Union in 2008
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 | 407 | $51,948,000 | $127,000 | $1,500,000 | $70,000 | $368,000 |
| Home Purchase | 295 | $38,898,000 | $131,000 | $960,000 | $58,000 | $312,000 |
| Home Improvement | 255 | $12,035,000 | $47,000 | $360,000 | $65,000 | $187,000 |
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 | 912 | $97,399,000 | $106,000 | $1,500,000 | $65,000 | $368,000 |
| Black or African American | 33 | $4,202,000 | $127,000 | $463,000 | $65,000 | $142,000 |
| Hispanic | 5 | $439,000 | $87,000 | $140,000 | $75,000 | $145,000 |
| Asian | 3 | $196,000 | $65,000 | $164,000 | $67,000 | $86,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $394,000 | $197,000 | $228,000 | $80,000 | $109,000 |
| American Indian or Alaskan Native | 1 | $1,000 | $1,000 | $1,000 | $32,000 | $32,000 |
| Not Provided | 1 | $250,000 | $250,000 | $250,000 | $73,000 | $73,000 |
| 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) | 957 | $102,881,000 | $107,000 | $1,500,000 | $65,000 | $368,000 |
| 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 | 568 | $60,086,000 | $105,000 | $1,500,000 | $70,000 | $368,000 |
| Application Denied By Financial Institution | 182 | $17,862,000 | $98,000 | $630,000 | $57,000 | $368,000 |
| Preapproval Denied by Financial Institution | 79 | $8,533,000 | $108,000 | $250,000 | $44,000 | $221,000 |
| Application Withdrawn By Applicant | 67 | $7,814,000 | $116,000 | $609,000 | $64,000 | $236,000 |
| Application Approved But Not Accepted | 61 | $8,586,000 | $140,000 | $581,000 | $71,000 | $200,000 |
| 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 | 101 | $8,572,000 | $84,000 | $255,000 | $53,000 | $221,000 |
| Debt-To-Income Ratio | 90 | $8,802,000 | $97,000 | $630,000 | $45,000 | $217,000 |
| Collateral | 21 | $2,920,000 | $139,000 | $603,000 | $73,000 | $368,000 |
| Credit Application Incomplete | 14 | $2,060,000 | $147,000 | $300,000 | $76,000 | $140,000 |
| Employment History | 14 | $1,735,000 | $123,000 | $382,000 | $52,000 | $170,000 |
| Other | 12 | $1,471,000 | $122,000 | $250,000 | $69,000 | $212,000 |
| Unverifiable Information | 3 | $304,000 | $101,000 | $138,000 | $28,000 | $33,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Y-12 Federal Credit Union's 2008 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 Y-12 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 Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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