Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2005
In 2005, Tennessee Valley Federal C U of Chattanooga, TN reported 411 mortgage applications totaling $38.8 million, up 14% from 2004. The average application was for $94,416, and applicants reported an average income of $62,751. 84% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Chattanooga, TN-GA (238), Cleveland, TN (32) and Atlanta-Sandy Springs-Marietta, GA (1) (applications in parentheses).
| Mortgage Company & Address | Tennessee Valley Federal C U 535 Chestnut Street Chattanooga, TN 37402 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 | 411 |
| Total Mortgage Loan Application Amount | $38,805,000 |
| Average Mortgage Loan Application Amount | $94,416 |
| Highest Mortgage Loan Application Amount | $360,000 |
| Average Applicant Income | $62,751 |
| Highest Applicant Income | $343,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Hamilton, Tennessee | 219 | $ 22,418,000 | $ 102,365 | $ 67,000 |
| Catoosa, Georgia | 46 | $ 3,502,000 | $ 76,130 | $ 63,000 |
| Walker, Georgia | 38 | $ 2,798,000 | $ 73,631 | $ 46,000 |
| Bradley, Tennessee | 30 | $ 2,516,000 | $ 83,866 | $ 54,000 |
| Dade, Georgia | 13 | $ 1,136,000 | $ 87,384 | $ 56,000 |
| Marion, Tennessee | 13 | $ 1,048,000 | $ 80,615 | $ 52,000 |
| Rhea, Tennessee | 11 | $ 505,000 | $ 45,909 | $ 40,000 |
| McMinn, Tennessee | 6 | $ 688,000 | $ 114,666 | $ 90,000 |
| Meigs, Tennessee | 6 | $ 701,000 | $ 116,833 | $ 45,000 |
| Sequatchie, Tennessee | 6 | $ 503,000 | $ 83,833 | $ 67,000 |
| Bledsoe, Tennessee | 5 | $ 469,000 | $ 93,800 | $ 40,000 |
| Jackson, Alabama | 4 | $ 404,000 | $ 101,000 | $ 69,000 |
| DeKalb, Alabama | 3 | $ 305,000 | $ 101,666 | $ 69,000 |
| Polk, Tennessee | 2 | $ 140,000 | $ 70,000 | $ 79,000 |
| Roane, Tennessee | 2 | $ 335,000 | $ 167,500 | $ 182,000 |
| Hillsborough, Florida | 1 | $ 350,000 | $ 350,000 | $ 85,000 |
| Manatee, Florida | 1 | $ 360,000 | $ 360,000 | $ 146,000 |
| Seminole, Florida | 1 | $ 227,000 | $ 227,000 | $ 80,000 |
| Gwinnett, Georgia | 1 | $ 251,000 | $ 251,000 | $ 88,000 |
| Hamilton, Ohio | 1 | $ 38,000 | $ 38,000 | $ 24,000 |
| Cumberland, Tennessee | 1 | $ 83,000 | $ 83,000 | $ 34,000 |
| Monroe, Tennessee | 1 | $ 28,000 | $ 28,000 | $ 45,000 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2005
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 | 257 | $20,486,000 | $77,750 | $350,000 | $51,250 | $343,000 |
| Home Purchase | 147 | $17,967,000 | $151,500 | $360,000 | $76,500 | $196,000 |
| Home Improvement | 7 | $352,000 | $51,500 | $82,000 | $39,500 | $74,000 |
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 | 388 | $36,617,000 | $141,250 | $350,000 | $67,000 | $343,000 |
| Black or African American | 15 | $754,000 | $44,500 | $107,000 | $35,500 | $106,000 |
| Hispanic | 4 | $563,000 | $140,000 | $200,000 | $62,000 | $87,000 |
| Asian | 2 | $322,000 | $161,000 | $172,000 | $143,000 | $174,000 |
| Not Provided | 1 | $360,000 | $360,000 | $360,000 | $146,000 | $146,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $189,000 | $189,000 | $189,000 | $124,000 | $124,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 411 | $38,805,000 | $125,200 | $360,000 | $63,200 | $343,000 |
| 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 |
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 | 344 | $31,642,000 | $144,000 | $360,000 | $78,250 | $196,000 |
| Application Withdrawn By Applicant | 34 | $3,932,000 | $117,500 | $350,000 | $67,000 | $343,000 |
| Application Denied By Financial Institution | 30 | $2,967,000 | $83,500 | $238,000 | $37,250 | $102,000 |
| Application Approved But Not Accepted | 2 | $224,000 | $112,000 | $117,000 | $36,000 | $43,000 |
| File Closed For Incompleteness | 1 | $40,000 | $40,000 | $40,000 | $23,000 | $23,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 14 | $1,262,000 | $67,333 | $177,000 | $29,666 | $86,000 |
| Credit History | 7 | $645,000 | $93,500 | $125,000 | $34,500 | $63,000 |
| Collateral | 5 | $439,000 | $87,000 | $215,000 | $50,000 | $80,000 |
| Employment History | 1 | $155,000 | $155,000 | $155,000 | $19,000 | $19,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tennessee Valley Federal C U's 2005 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 Tennessee Valley Federal C U'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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