Y-12 Federal Credit Union Mortgage Lending & HMDA Data, 2023
In 2023, Y-12 Federal Credit Union of Oak Ridge, TN reported 1,696 mortgage applications totaling $231.6 million, down 22% from 2022. The average application was for $136,550, and applicants reported an average income of $113,079. 69% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Knoxville, TN (1,495), Morristown, TN (22) and Nashville-Davidson--Murfreesboro--Franklin, TN (6) (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 | 1,696 |
| Total Mortgage Loan Application Amount | $231,590,000 |
| Average Mortgage Loan Application Amount | $136,550 |
| Highest Mortgage Loan Application Amount | $5,775,000 |
| Average Applicant Income | $113,079 |
| Highest Applicant Income | $3,383,000 |
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records Y-12 Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 627 | $ 88,445,000 | $ 141,060 | $ 120,000 |
| Anderson, Tennessee | 254 | $ 28,030,000 | $ 110,354 | $ 104,000 |
| Blount, Tennessee | 227 | $ 28,145,000 | $ 123,986 | $ 105,000 |
| Campbell, Tennessee | 126 | $ 12,120,000 | $ 96,190 | $ 87,000 |
| Roane, Tennessee | 124 | $ 14,640,000 | $ 118,064 | $ 110,000 |
| Loudon, Tennessee | 88 | $ 15,770,000 | $ 179,204 | $ 151,000 |
| Sevier, Tennessee | 72 | $ 6,950,000 | $ 96,527 | $ 106,000 |
| Morgan, Tennessee | 33 | $ 3,645,000 | $ 110,454 | $ 91,000 |
| Scott, Tennessee | 23 | $ 1,935,000 | $ 84,130 | $ 72,000 |
| Monroe, Tennessee | 20 | $ 2,210,000 | $ 110,500 | $ 108,000 |
| Union, Tennessee | 16 | $ 1,610,000 | $ 100,625 | $ 87,000 |
| Jefferson, Tennessee | 15 | $ 1,145,000 | $ 76,333 | $ 117,000 |
| McMinn, Tennessee | 10 | $ 1,750,000 | $ 175,000 | $ 87,000 |
| Cumberland, Tennessee | 9 | $ 1,195,000 | $ 132,777 | $ 109,000 |
| Claiborne, Tennessee | 8 | $ 940,000 | $ 117,500 | $ 79,000 |
| Hamblen, Tennessee | 5 | $ 325,000 | $ 65,000 | $ 76,000 |
| Bradley, Tennessee | 4 | $ 500,000 | $ 125,000 | $ 140,000 |
| Hamilton, Tennessee | 4 | $ 5,040,000 | $ 1,260,000 | $ 151,000 |
| Sullivan, Tennessee | 3 | $ 4,205,000 | $ 1,401,666 | $ 110,000 |
| Cocke, Tennessee | 2 | $ 380,000 | $ 190,000 | $ 139,000 |
| Davidson, Tennessee | 2 | $ 410,000 | $ 205,000 | $ 144,000 |
| Fentress, Tennessee | 2 | $ 110,000 | $ 55,000 | $ 93,000 |
| Grainger, Tennessee | 2 | $ 310,000 | $ 155,000 | $ 94,000 |
| Greene, Tennessee | 2 | $ 1,560,000 | $ 780,000 | $ 110,000 |
| Hawkins, Tennessee | 2 | $ 60,000 | $ 30,000 | $ 25,000 |
| Rhea, Tennessee | 2 | $ 610,000 | $ 305,000 | $ 188,000 |
| Rutherford, Tennessee | 2 | $ 2,230,000 | $ 1,115,000 | $ 54,000 |
| Washington, Tennessee | 2 | $ 4,220,000 | $ 2,110,000 | $ 60,000 |
| Orange, California | 1 | $ 355,000 | $ 355,000 | $ 245,000 |
| Monroe, Florida | 1 | $ 35,000 | $ 35,000 | $ 95,000 |
| Bedford, Tennessee | 1 | $ 1,505,000 | $ 1,505,000 | $ 3,383,000 |
| Franklin, Tennessee | 1 | $ 75,000 | $ 75,000 | $ 177,000 |
| Meigs, Tennessee | 1 | $ 75,000 | $ 75,000 | $ 29,000 |
| Putnam, Tennessee | 1 | $ 765,000 | $ 765,000 | $ 0 |
| Shelby, Tennessee | 1 | $ 95,000 | $ 95,000 | $ 185,000 |
| Stewart, Tennessee | 1 | $ 35,000 | $ 35,000 | $ 54,000 |
| Sumner, Tennessee | 1 | $ 35,000 | $ 35,000 | $ 156,000 |
| Trousdale, Tennessee | 1 | $ 125,000 | $ 125,000 | $ 115,000 |
Mortgage Loan Application Detail Totals for Y-12 Federal Credit Union in 2023
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 | 578 | $44,370,000 | $76,000 | $775,000 | $111,000 | $587,000 |
| Other Purpose | 410 | $27,020,000 | $65,000 | $355,000 | $98,000 | $792,000 |
| Cash-out Refinancing | 364 | $57,340,000 | $157,000 | $3,755,000 | $109,000 | $664,000 |
| Home Purchase | 328 | $100,640,000 | $306,000 | $5,775,000 | $141,000 | $3,383,000 |
| Refinancing | 16 | $2,220,000 | $138,000 | $405,000 | $95,000 | $262,000 |
| 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 | 1,095 | $143,085,000 | $130,000 | $2,005,000 | $117,000 | $3,383,000 |
| Not Provided | 458 | $39,000,000 | $85,000 | $495,000 | $101,000 | $664,000 |
| Black or African American | 47 | $4,995,000 | $106,000 | $435,000 | $113,000 | $293,000 |
| Not applicable | 45 | $35,285,000 | $784,000 | $5,775,000 | $527,000 | $527,000 |
| Hispanic | 37 | $5,675,000 | $153,000 | $655,000 | $107,000 | $350,000 |
| American Indian or Alaskan Native | 6 | $610,000 | $101,000 | $255,000 | $136,000 | $300,000 |
| Asian | 5 | $2,425,000 | $485,000 | $805,000 | $165,000 | $250,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $515,000 | $171,000 | $355,000 | $143,000 | $245,000 |
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) | 1,692 | $230,960,000 | $136,000 | $5,775,000 | $113,000 | $3,383,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $575,000 | $191,000 | $245,000 | $84,000 | $119,000 |
| FHA-insured (Federal Housing Administration) | 1 | $55,000 | $55,000 | $55,000 | $60,000 | $60,000 |
| 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 | 1,175 | $163,175,000 | $138,000 | $5,775,000 | $118,000 | $3,383,000 |
| Application Denied By Financial Institution | 377 | $37,665,000 | $99,000 | $805,000 | $96,000 | $792,000 |
| Application Withdrawn By Applicant | 128 | $28,630,000 | $223,000 | $3,755,000 | $117,000 | $410,000 |
| Application Approved But Not Accepted | 14 | $1,670,000 | $119,000 | $265,000 | $113,000 | $283,000 |
| File Closed For Incompleteness | 2 | $450,000 | $225,000 | $335,000 | $155,000 | $204,000 |
| 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 | 1,319 | $193,925,000 | $147,000 | $5,775,000 | $118,000 | $3,383,000 |
| Debt-To-Income Ratio | 119 | $12,705,000 | $106,000 | $805,000 | $67,000 | $321,000 |
| Credit Application Incomplete | 87 | $7,855,000 | $90,000 | $405,000 | $123,000 | $710,000 |
| Credit History | 77 | $5,485,000 | $71,000 | $405,000 | $94,000 | $792,000 |
| Collateral | 65 | $7,985,000 | $122,000 | $675,000 | $113,000 | $377,000 |
| Other | 9 | $1,155,000 | $128,000 | $515,000 | $90,000 | $244,000 |
| Employment History | 9 | $615,000 | $68,000 | $145,000 | $94,000 | $240,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,330,000 | $221,000 | $325,000 | $184,000 | $324,000 |
| Unverifiable Information | 5 | $535,000 | $107,000 | $305,000 | $91,000 | $149,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Y-12 Federal Credit Union's 2023 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.
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with aggregated HMDA statistics today.
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