Bowater Employees Credit Union Mortgage Lending & HMDA Data, 2022
In 2022, Bowater Employees Credit Union of Calhoun, TN reported 176 mortgage applications totaling $29.6 million, up 11% from 2021. The average application was for $168,352, and applicants reported an average income of $123,886. 43% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Cleveland, TN (79), Chattanooga, TN-GA (3) and Knoxville, TN (2) (applications in parentheses).
| Mortgage Company & Address | Bowater Employees Credit Union P. O. Box 359 Calhoun, TN 37309 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 |
| Total Number of Mortgage Applications | 176 |
| Total Mortgage Loan Application Amount | $29,630,000 |
| Average Mortgage Loan Application Amount | $168,352 |
| Highest Mortgage Loan Application Amount | $595,000 |
| Average Applicant Income | $123,886 |
| Highest Applicant Income | $8,940,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bowater Employees Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Bowater Employees 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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 92 | $15,100,000 | $164,000 | $595,000 | $69,000 | $163,000 |
| Home Purchase | 54 | $10,020,000 | $185,000 | $585,000 | $68,000 | $219,000 |
| Refinancing | 27 | $4,055,000 | $150,000 | $425,000 | $429,000 | $8,940,000 |
| Home Improvement | 3 | $455,000 | $151,000 | $235,000 | $67,000 | $105,000 |
| 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 | 143 | $24,205,000 | $169,000 | $595,000 | $129,000 | $8,940,000 |
| Not Provided | 24 | $3,610,000 | $150,000 | $245,000 | $74,000 | $146,000 |
| Hispanic | 7 | $1,435,000 | $205,000 | $295,000 | $79,000 | $131,000 |
| American Indian or Alaskan Native | 1 | $185,000 | $185,000 | $185,000 | $326,000 | $326,000 |
| Black or African American | 1 | $195,000 | $195,000 | $195,000 | $42,000 | $42,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 172 | $29,210,000 | $169,000 | $595,000 | $122,000 | $8,940,000 |
| FHA-insured (Federal Housing Administration) | 3 | $285,000 | $95,000 | $105,000 | $50,000 | $84,000 |
| VA-guaranteed (Veterans Administration) | 1 | $135,000 | $135,000 | $135,000 | $62,000 | $62,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 75 | $12,525,000 | $167,000 | $585,000 | $69,000 | $219,000 |
| Application Approved But Not Accepted | 33 | $5,635,000 | $170,000 | $595,000 | $77,000 | $326,000 |
| Application Denied By Financial Institution | 31 | $5,345,000 | $172,000 | $325,000 | $65,000 | $144,000 |
| File Closed For Incompleteness | 23 | $3,205,000 | $139,000 | $415,000 | $56,000 | $168,000 |
| Application Withdrawn By Applicant | 10 | $2,200,000 | $220,000 | $425,000 | $966,000 | $8,940,000 |
| Preapproval Denied by Financial Institution | 3 | $445,000 | $148,000 | $195,000 | $42,000 | $63,000 |
| Preapproval Approved but not Accepted | 1 | $275,000 | $275,000 | $275,000 | $207,000 | $207,000 |
| Loan Purchased By The 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 | 142 | $23,840,000 | $167,000 | $595,000 | $134,000 | $8,940,000 |
| Credit History | 23 | $3,825,000 | $166,000 | $325,000 | $65,000 | $144,000 |
| Debt-To-Income Ratio | 6 | $1,010,000 | $168,000 | $305,000 | $55,000 | $91,000 |
| Collateral | 2 | $310,000 | $155,000 | $155,000 | $48,000 | $70,000 |
| Other | 1 | $55,000 | $55,000 | $55,000 | $25,000 | $25,000 |
| Unverifiable Information | 1 | $295,000 | $295,000 | $295,000 | $101,000 | $101,000 |
| Employment History | 1 | $295,000 | $295,000 | $295,000 | $110,000 | $110,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bowater Employees 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 Bowater Employees 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About