Y-12 Federal Credit Union Mortgage Lending & HMDA Data, 2020
In 2020, Y-12 Federal Credit Union of Oak Ridge, TN reported 1,626 mortgage applications totaling $353.7 million, up 58% from 2019. The average application was for $217,515, and applicants reported an average income of $101,156. 73% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Knoxville, TN (1,445), Morristown, TN (19) and Nashville-Davidson--Murfreesboro--Franklin, TN (8) (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 | 1,626 |
| Total Mortgage Loan Application Amount | $353,680,000 |
| Average Mortgage Loan Application Amount | $217,515 |
| Highest Mortgage Loan Application Amount | $3,035,000 |
| Average Applicant Income | $101,156 |
| Highest Applicant Income | $925,000 |
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records Y-12 Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Knoxville, TN | 1,445 | $ 311,275,000 | $ 215,415 | $ 103,000 |
| Outside any metro area | 138 | $ 28,720,000 | $ 208,115 | $ 81,000 |
| Morristown, TN | 19 | $ 3,995,000 | $ 210,263 | $ 89,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 8 | $ 5,620,000 | $ 702,500 | $ 120,000 |
| Chattanooga, TN-GA | 6 | $ 1,560,000 | $ 260,000 | $ 79,000 |
| Johnson City, TN | 5 | $ 1,065,000 | $ 213,000 | $ 152,000 |
| Cleveland, TN | 3 | $ 1,165,000 | $ 388,333 | $ 90,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 195,000 | $ 195,000 | $ 72,000 |
| Memphis, TN-MS-AR | 1 | $ 85,000 | $ 85,000 | $ 135,000 |
Mortgage Loan Application Detail Totals for Y-12 Federal Credit Union in 2020
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 | 626 | $125,610,000 | $200,000 | $1,585,000 | $104,000 | $925,000 |
| Home Purchase | 568 | $136,440,000 | $240,000 | $3,035,000 | $98,000 | $619,000 |
| Cash-out Refinancing | 422 | $90,440,000 | $214,000 | $2,205,000 | $101,000 | $529,000 |
| Home Improvement | 10 | $1,190,000 | $119,000 | $205,000 | $109,000 | $446,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 1,425 | $293,385,000 | $205,000 | $2,205,000 | $101,000 | $925,000 |
| Not Provided | 80 | $20,760,000 | $259,000 | $875,000 | $125,000 | $490,000 |
| Not applicable | 62 | $27,430,000 | $442,000 | $3,035,000 | $0 | $0 |
| Black or African American | 31 | $6,265,000 | $202,000 | $615,000 | $76,000 | $155,000 |
| Hispanic | 15 | $2,905,000 | $193,000 | $295,000 | $74,000 | $117,000 |
| Asian | 11 | $2,505,000 | $227,000 | $365,000 | $81,000 | $147,000 |
| American Indian or Alaskan Native | 1 | $105,000 | $105,000 | $105,000 | $243,000 | $243,000 |
| 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) | 1,609 | $350,945,000 | $218,000 | $3,035,000 | $102,000 | $925,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 17 | $2,735,000 | $160,000 | $265,000 | $53,000 | $89,000 |
| 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 | 1,182 | $263,550,000 | $222,000 | $3,035,000 | $106,000 | $925,000 |
| Application Withdrawn By Applicant | 251 | $53,965,000 | $215,000 | $755,000 | $103,000 | $425,000 |
| Application Denied By Financial Institution | 189 | $35,405,000 | $187,000 | $1,245,000 | $74,000 | $619,000 |
| Application Approved But Not Accepted | 4 | $760,000 | $190,000 | $295,000 | $80,000 | $158,000 |
| 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 |
| 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 | 1,437 | $318,275,000 | $221,000 | $3,035,000 | $105,000 | $925,000 |
| Credit History | 66 | $12,300,000 | $186,000 | $1,245,000 | $83,000 | $619,000 |
| Debt-To-Income Ratio | 59 | $11,515,000 | $195,000 | $705,000 | $55,000 | $254,000 |
| Collateral | 23 | $3,785,000 | $164,000 | $735,000 | $80,000 | $299,000 |
| Credit Application Incomplete | 22 | $4,260,000 | $193,000 | $505,000 | $94,000 | $210,000 |
| Employment History | 12 | $2,110,000 | $175,000 | $345,000 | $64,000 | $135,000 |
| Other | 4 | $550,000 | $137,000 | $265,000 | $61,000 | $89,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $240,000 | $120,000 | $165,000 | $93,000 | $154,000 |
| Unverifiable Information | 1 | $645,000 | $645,000 | $645,000 | $192,000 | $192,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Y-12 Federal Credit Union's 2020 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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