Y-12 Federal Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, Y-12 Federal Credit Union of Oak Ridge, TN reported 1,805 mortgage applications totaling $247.9 million, up 6% from 2023. The average application was for $137,354, and applicants reported an average income of $117,171. 69% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Knoxville, TN (1,564), Morristown, TN (31) and Chattanooga, TN-GA (4) (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 | 1,805 |
| Total Mortgage Loan Application Amount | $247,925,000 |
| Average Mortgage Loan Application Amount | $137,354 |
| Highest Mortgage Loan Application Amount | $5,355,000 |
| Average Applicant Income | $117,171 |
| Highest Applicant Income | $2,270,000 |
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records Y-12 Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 634 | $ 100,750,000 | $ 158,911 | $ 136,000 |
| Anderson, Tennessee | 282 | $ 38,330,000 | $ 135,921 | $ 106,000 |
| Blount, Tennessee | 235 | $ 29,395,000 | $ 125,085 | $ 112,000 |
| Roane, Tennessee | 149 | $ 17,295,000 | $ 116,073 | $ 111,000 |
| Campbell, Tennessee | 118 | $ 9,510,000 | $ 80,593 | $ 86,000 |
| Sevier, Tennessee | 102 | $ 12,650,000 | $ 124,019 | $ 124,000 |
| Loudon, Tennessee | 83 | $ 16,255,000 | $ 195,843 | $ 118,000 |
| Morgan, Tennessee | 42 | $ 4,680,000 | $ 111,428 | $ 89,000 |
| Monroe, Tennessee | 21 | $ 1,905,000 | $ 90,714 | $ 74,000 |
| Jefferson, Tennessee | 20 | $ 2,590,000 | $ 129,500 | $ 117,000 |
| Scott, Tennessee | 17 | $ 1,995,000 | $ 117,352 | $ 85,000 |
| Union, Tennessee | 15 | $ 1,315,000 | $ 87,666 | $ 75,000 |
| Claiborne, Tennessee | 12 | $ 1,830,000 | $ 152,500 | $ 92,000 |
| Cumberland, Tennessee | 12 | $ 1,180,000 | $ 98,333 | $ 61,000 |
| Hamblen, Tennessee | 11 | $ 1,295,000 | $ 117,727 | $ 87,000 |
| Cocke, Tennessee | 7 | $ 625,000 | $ 89,285 | $ 65,000 |
| McMinn, Tennessee | 7 | $ 435,000 | $ 62,142 | $ 70,000 |
| Grainger, Tennessee | 6 | $ 510,000 | $ 85,000 | $ 184,000 |
| Hamilton, Tennessee | 4 | $ 400,000 | $ 100,000 | $ 154,000 |
| Putnam, Tennessee | 3 | $ 485,000 | $ 161,666 | $ 113,000 |
| Rhea, Tennessee | 3 | $ 555,000 | $ 185,000 | $ 109,000 |
| Washington, Tennessee | 3 | $ 475,000 | $ 158,333 | $ 102,000 |
| Benton, Tennessee | 2 | $ 120,000 | $ 60,000 | $ 83,000 |
| Bradley, Tennessee | 2 | $ 460,000 | $ 230,000 | $ 201,000 |
| Meigs, Tennessee | 2 | $ 100,000 | $ 50,000 | $ 45,000 |
| Randolph, Indiana | 1 | $ 35,000 | $ 35,000 | $ 180,000 |
| Oldham, Kentucky | 1 | $ 15,000 | $ 15,000 | $ 144,000 |
| Washington, Maryland | 1 | $ 25,000 | $ 25,000 | $ 120,000 |
| Kershaw, South Carolina | 1 | $ 225,000 | $ 225,000 | $ 250,000 |
| Coffee, Tennessee | 1 | $ 1,205,000 | $ 1,205,000 | $ 0 |
| Dickson, Tennessee | 1 | $ 55,000 | $ 55,000 | $ 64,000 |
| Fentress, Tennessee | 1 | $ 75,000 | $ 75,000 | $ 55,000 |
| Grundy, Tennessee | 1 | $ 325,000 | $ 325,000 | $ 202,000 |
| Overton, Tennessee | 1 | $ 375,000 | $ 375,000 | $ 147,000 |
| Polk, Tennessee | 1 | $ 125,000 | $ 125,000 | $ 255,000 |
| Sumner, Tennessee | 1 | $ 255,000 | $ 255,000 | $ 198,000 |
| Trousdale, Tennessee | 1 | $ 35,000 | $ 35,000 | $ 125,000 |
| Bexar, Texas | 1 | $ 35,000 | $ 35,000 | $ 128,000 |
Mortgage Loan Application Detail Totals for Y-12 Federal Credit Union in 2024
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 | 540 | $45,140,000 | $83,000 | $605,000 | $107,000 | $659,000 |
| Other Purpose | 476 | $35,120,000 | $73,000 | $805,000 | $108,000 | $1,026,000 |
| Cash-out Refinancing | 435 | $72,695,000 | $167,000 | $4,705,000 | $128,000 | $1,539,000 |
| Home Purchase | 327 | $88,685,000 | $271,000 | $5,355,000 | $134,000 | $2,270,000 |
| Refinancing | 27 | $6,285,000 | $232,000 | $765,000 | $104,000 | $356,000 |
| 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 | 1,203 | $170,255,000 | $141,000 | $1,675,000 | $119,000 | $2,270,000 |
| Not Provided | 499 | $47,275,000 | $94,000 | $575,000 | $108,000 | $1,000,000 |
| Hispanic | 30 | $3,710,000 | $123,000 | $405,000 | $100,000 | $283,000 |
| Not applicable | 29 | $20,455,000 | $705,000 | $5,355,000 | $0 | $0 |
| Black or African American | 28 | $2,610,000 | $93,000 | $285,000 | $85,000 | $180,000 |
| American Indian or Alaskan Native | 10 | $730,000 | $73,000 | $235,000 | $91,000 | $202,000 |
| Asian | 6 | $2,890,000 | $481,000 | $1,065,000 | $604,000 | $1,916,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,799 | $246,615,000 | $137,000 | $5,355,000 | $117,000 | $2,270,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $1,310,000 | $218,000 | $265,000 | $84,000 | $98,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 1,252 | $180,130,000 | $143,000 | $5,355,000 | $122,000 | $2,270,000 |
| Application Denied By Financial Institution | 342 | $37,500,000 | $109,000 | $1,675,000 | $98,000 | $1,000,000 |
| Application Withdrawn By Applicant | 125 | $21,955,000 | $175,000 | $765,000 | $116,000 | $465,000 |
| File Closed For Incompleteness | 69 | $6,895,000 | $99,000 | $805,000 | $114,000 | $1,026,000 |
| Application Approved But Not Accepted | 17 | $1,445,000 | $85,000 | $205,000 | $98,000 | $283,000 |
| 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 | 1,463 | $210,425,000 | $143,000 | $5,355,000 | $121,000 | $2,270,000 |
| Credit History | 126 | $9,140,000 | $72,000 | $525,000 | $95,000 | $430,000 |
| Debt-To-Income Ratio | 117 | $16,175,000 | $138,000 | $1,675,000 | $74,000 | $360,000 |
| Collateral | 78 | $8,350,000 | $107,000 | $405,000 | $138,000 | $1,000,000 |
| Other | 5 | $1,365,000 | $273,000 | $625,000 | $79,000 | $110,000 |
| Unverifiable Information | 4 | $440,000 | $110,000 | $155,000 | $112,000 | $147,000 |
| Credit Application Incomplete | 4 | $620,000 | $155,000 | $315,000 | $174,000 | $305,000 |
| Employment History | 4 | $850,000 | $212,000 | $395,000 | $97,000 | $153,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $560,000 | $140,000 | $245,000 | $43,000 | $56,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Y-12 Federal Credit Union's 2024 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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