Y-12 Federal Credit Union Mortgage Lending & HMDA Data, 2022
In 2022, Y-12 Federal Credit Union of Oak Ridge, TN reported 2,167 mortgage applications totaling $337.1 million, up 13% from 2021. The average application was for $155,553, and applicants reported an average income of $112,770. 76% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Knoxville, TN (1,896), Morristown, TN (37) and Nashville-Davidson--Murfreesboro--Franklin, TN (14) (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 | 2,167 |
| Total Mortgage Loan Application Amount | $337,085,000 |
| Average Mortgage Loan Application Amount | $155,553 |
| Highest Mortgage Loan Application Amount | $17,555,000 |
| Average Applicant Income | $112,770 |
| Highest Applicant Income | $1,271,000 |
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records Y-12 Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,896 | $ 294,520,000 | $ 155,337 | $ 114,000 |
| Outside any metro area | 199 | $ 29,015,000 | $ 145,804 | $ 99,040 |
| Morristown, TN | 37 | $ 5,355,000 | $ 144,729 | $ 82,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 14 | $ 4,060,000 | $ 290,000 | $ 156,000 |
| Chattanooga, TN-GA | 7 | $ 1,735,000 | $ 247,857 | $ 143,000 |
| Johnson City, TN | 4 | $ 470,000 | $ 117,500 | $ 152,000 |
| Kingsport-Bristol-Bristol, TN-VA | 4 | $ 1,150,000 | $ 287,500 | $ 121,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 25,000 | $ 25,000 | $ 70,000 |
| Clarksville, TN-KY | 1 | $ 75,000 | $ 75,000 | $ 246,000 |
| Cleveland, TN | 1 | $ 35,000 | $ 35,000 | $ 78,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 325,000 | $ 325,000 | $ 159,000 |
| Rockford, IL | 1 | $ 245,000 | $ 245,000 | $ 108,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 75,000 | $ 75,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for Y-12 Federal Credit Union in 2022
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 | 682 | $54,030,000 | $79,000 | $555,000 | $120,000 | $960,000 |
| Cash-out Refinancing | 512 | $87,450,000 | $170,000 | $1,665,000 | $107,000 | $959,000 |
| Home Purchase | 472 | $152,310,000 | $322,000 | $17,555,000 | $122,000 | $1,271,000 |
| Other Purpose | 397 | $26,525,000 | $66,000 | $405,000 | $102,000 | $444,000 |
| Refinancing | 104 | $16,770,000 | $161,000 | $505,000 | $93,000 | $440,000 |
| 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 | 1,617 | $243,605,000 | $150,000 | $2,205,000 | $114,000 | $1,271,000 |
| Not Provided | 388 | $39,470,000 | $101,000 | $1,385,000 | $109,000 | $542,000 |
| Not applicable | 52 | $40,160,000 | $772,000 | $17,555,000 | $32,000 | $32,000 |
| Hispanic | 43 | $6,225,000 | $144,000 | $485,000 | $114,000 | $660,000 |
| Black or African American | 41 | $4,815,000 | $117,000 | $465,000 | $119,000 | $411,000 |
| Asian | 14 | $2,200,000 | $157,000 | $485,000 | $91,000 | $246,000 |
| American Indian or Alaskan Native | 10 | $480,000 | $48,000 | $115,000 | $115,000 | $309,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $130,000 | $65,000 | $105,000 | $30,000 | $33,000 |
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) | 2,158 | $335,520,000 | $155,000 | $17,555,000 | $113,000 | $1,271,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $1,565,000 | $173,000 | $255,000 | $65,000 | $124,000 |
| 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 | 1,646 | $269,130,000 | $163,000 | $17,555,000 | $118,000 | $1,271,000 |
| Application Denied By Financial Institution | 321 | $33,075,000 | $103,000 | $805,000 | $93,000 | $960,000 |
| Application Withdrawn By Applicant | 156 | $30,200,000 | $193,000 | $805,000 | $99,000 | $525,000 |
| Application Approved But Not Accepted | 39 | $3,605,000 | $92,000 | $395,000 | $102,000 | $326,000 |
| File Closed For Incompleteness | 5 | $1,075,000 | $215,000 | $355,000 | $103,000 | $140,000 |
| 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 | 1,846 | $304,010,000 | $164,000 | $17,555,000 | $116,000 | $1,271,000 |
| Credit History | 85 | $7,065,000 | $83,000 | $385,000 | $79,000 | $273,000 |
| Credit Application Incomplete | 78 | $5,670,000 | $72,000 | $275,000 | $94,000 | $444,000 |
| Debt-To-Income Ratio | 72 | $10,120,000 | $140,000 | $505,000 | $55,000 | $307,000 |
| Collateral | 50 | $5,620,000 | $112,000 | $335,000 | $167,000 | $960,000 |
| Other | 17 | $1,265,000 | $74,000 | $205,000 | $127,000 | $350,000 |
| Unverifiable Information | 10 | $820,000 | $82,000 | $205,000 | $75,000 | $175,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $2,265,000 | $323,000 | $805,000 | $50,000 | $93,000 |
| Employment History | 2 | $250,000 | $125,000 | $195,000 | $66,000 | $98,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Y-12 Federal Credit Union's 2022 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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