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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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TENNESSEE VALLEY FEDERAL CREDI
Mortgage Loans and Application Details
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| Mortgage Company Name |
TENNESSEE VALLEY FEDERAL CREDI |
| Address | 715 MARKET STREET
CHATTANOOGA, TN 37402 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 510 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $48,772,000 |
| Average Mortgage Loan Amount Applied For | $102,264 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $75,911 |
| Highest Applicant Income | $270,000 |
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| Home Improvement |
4 | $231,000 |
$57,000 | $75,000 |
$36,000 | $56,000 |
| Home Purchase |
211 | $27,292,000 |
$129,000 | $417,000 |
$67,000 | $270,000 |
| Refinancing |
295 | $21,249,000 |
$72,000 | $300,000 |
$65,000 | $246,000 |
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| American Indian or Alaskan Native |
1 | $115,000 |
$115,000 | $115,000 |
$76,000 | $76,000 |
| Asian |
4 | $248,000 |
$62,000 | $103,000 |
$56,000 | $110,000 |
| Black or African American |
20 | $1,340,000 |
$67,000 | $204,000 |
$58,000 | $110,000 |
| Hispanic |
7 | $513,000 |
$73,000 | $130,000 |
$75,000 | $157,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $214,000 |
$107,000 | $114,000 |
$87,000 | $126,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
476 | $46,342,000 |
$97,000 | $417,000 |
$66,000 | $270,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
510 | $48,772,000 |
$95,000 | $417,000 |
$66,000 | $270,000 |
| 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 |
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| Application Approved But Not Accepted |
1 | $126,000 |
$126,000 | $126,000 |
$56,000 | $56,000 |
| Application Denied By Financial Institution |
48 | $4,013,000 |
$83,000 | $253,000 |
$60,000 | $164,000 |
| Application Withdrawn By Applicant |
86 | $9,437,000 |
$109,000 | $250,000 |
$55,000 | $155,000 |
| File Closed For Incompleteness |
1 | $306,000 |
$306,000 | $306,000 |
$150,000 | $150,000 |
| Loan Originated |
374 | $34,890,000 |
$93,000 | $417,000 |
$69,000 | $270,000 |
| 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 |
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| Collateral |
6 | $347,000 |
$57,000 | $134,000 |
$49,000 | $69,000 |
| Credit Application Incomplete |
1 | $25,000 |
$25,000 | $25,000 |
$161,000 | $161,000 |
| Credit History |
19 | $1,449,000 |
$76,000 | $175,000 |
$62,000 | $164,000 |
| Debt-To-Income Ratio |
18 | $1,839,000 |
$102,000 | $253,000 |
$49,000 | $74,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $163,000 |
$81,000 | $98,000 |
$157,000 | $157,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $40,000 |
$40,000 | $40,000 |
$15,000 | $15,000 |
| Unverifiable Information |
1 | $150,000 |
$150,000 | $150,000 |
$72,000 | $72,000 |
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Mortgage Loan App Totals for TENNESSEE VALLEY FEDERAL CREDI by:
Metropolitan Area And
County
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