Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2009
In 2009, Tennessee Valley Federal C U of Chattanooga, TN reported 683 mortgage applications totaling $82.2 million, up 50% from 2008. The average application was for $120,311, and applicants reported an average income of $72,929. 59% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Chattanooga, TN-GA (521), Cleveland, TN (87) and Atlanta-Sandy Springs-Marietta, GA (4) (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 | 683 |
| Total Mortgage Loan Application Amount | $82,173,000 |
| Average Mortgage Loan Application Amount | $120,311 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $72,929 |
| Highest Applicant Income | $576,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 377 | $ 47,580,000 | $ 126,206 | $ 76,000 |
| Bradley, Tennessee | 83 | $ 7,680,000 | $ 92,530 | $ 56,000 |
| Catoosa, Georgia | 54 | $ 6,410,000 | $ 118,703 | $ 71,000 |
| Walker, Georgia | 46 | $ 5,312,000 | $ 115,478 | $ 70,000 |
| Marion, Tennessee | 26 | $ 2,386,000 | $ 91,769 | $ 72,000 |
| Rhea, Tennessee | 22 | $ 2,381,000 | $ 108,227 | $ 60,000 |
| McMinn, Tennessee | 12 | $ 1,290,000 | $ 107,500 | $ 68,000 |
| Dade, Georgia | 11 | $ 1,541,000 | $ 140,090 | $ 76,000 |
| Sequatchie, Tennessee | 7 | $ 1,346,000 | $ 192,285 | $ 98,000 |
| Jackson, Alabama | 6 | $ 417,000 | $ 69,500 | $ 50,000 |
| Bledsoe, Tennessee | 5 | $ 801,000 | $ 160,200 | $ 72,000 |
| Meigs, Tennessee | 5 | $ 438,000 | $ 87,600 | $ 50,000 |
| Polk, Tennessee | 4 | $ 557,000 | $ 139,250 | $ 87,000 |
| Cobb, Georgia | 3 | $ 700,000 | $ 233,333 | $ 218,000 |
| Lauderdale, Alabama | 2 | $ 533,000 | $ 266,500 | $ 158,000 |
| Knox, Tennessee | 2 | $ 380,000 | $ 190,000 | $ 107,000 |
| Roane, Tennessee | 2 | $ 218,000 | $ 109,000 | $ 88,000 |
| DeKalb, Alabama | 1 | $ 222,000 | $ 222,000 | $ 73,000 |
| Charlotte, Florida | 1 | $ 125,000 | $ 125,000 | $ 21,000 |
| Walton, Florida | 1 | $ 122,000 | $ 122,000 | $ 78,000 |
| Clarke, Georgia | 1 | $ 112,000 | $ 112,000 | $ 69,000 |
| Spalding, Georgia | 1 | $ 328,000 | $ 328,000 | $ 90,000 |
| Stephens, Georgia | 1 | $ 183,000 | $ 183,000 | $ 87,000 |
| Whitfield, Georgia | 1 | $ 138,000 | $ 138,000 | $ 77,000 |
| DeKalb, Illinois | 1 | $ 75,000 | $ 75,000 | $ 181,000 |
| Jefferson, Kentucky | 1 | $ 186,000 | $ 186,000 | $ 55,000 |
| Madison, Mississippi | 1 | $ 90,000 | $ 90,000 | $ 113,000 |
| Buncombe, North Carolina | 1 | $ 132,000 | $ 132,000 | $ 221,000 |
| Charleston, South Carolina | 1 | $ 153,000 | $ 153,000 | $ 103,000 |
| Grundy, Tennessee | 1 | $ 64,000 | $ 64,000 | $ 27,000 |
| Henderson, Tennessee | 1 | $ 125,000 | $ 125,000 | $ 68,000 |
| Loudon, Tennessee | 1 | $ 35,000 | $ 35,000 | $ 26,000 |
| Sevier, Tennessee | 1 | $ 113,000 | $ 113,000 | $ 91,000 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2009
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 | 450 | $49,587,000 | $110,000 | $417,000 | $76,000 | $540,000 |
| Home Purchase | 233 | $32,586,000 | $139,000 | $600,000 | $67,000 | $576,000 |
| Home Improvement | 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 | 626 | $76,262,000 | $121,000 | $600,000 | $73,000 | $540,000 |
| Black or African American | 38 | $3,820,000 | $100,000 | $413,000 | $68,000 | $196,000 |
| Asian | 9 | $816,000 | $90,000 | $244,000 | $51,000 | $119,000 |
| American Indian or Alaskan Native | 5 | $703,000 | $140,000 | $215,000 | $170,000 | $576,000 |
| Hispanic | 3 | $392,000 | $130,000 | $235,000 | $55,000 | $92,000 |
| Not Provided | 2 | $180,000 | $90,000 | $100,000 | $45,000 | $72,000 |
| 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) | 683 | $82,173,000 | $120,000 | $600,000 | $73,000 | $576,000 |
| 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 | 403 | $49,793,000 | $123,000 | $600,000 | $81,000 | $325,000 |
| Application Withdrawn By Applicant | 157 | $19,651,000 | $125,000 | $400,000 | $68,000 | $540,000 |
| Application Denied By Financial Institution | 121 | $12,572,000 | $103,000 | $417,000 | $53,000 | $576,000 |
| Application Approved But Not Accepted | 1 | $36,000 | $36,000 | $36,000 | $66,000 | $66,000 |
| File Closed For Incompleteness | 1 | $121,000 | $121,000 | $121,000 | $56,000 | $56,000 |
| 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 | 53 | $5,853,000 | $110,000 | $417,000 | $44,000 | $109,000 |
| Credit History | 40 | $3,837,000 | $95,000 | $218,000 | $56,000 | $576,000 |
| Collateral | 18 | $1,622,000 | $90,000 | $174,000 | $75,000 | $221,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $971,000 | $138,000 | $311,000 | $48,000 | $128,000 |
| Employment History | 2 | $177,000 | $88,000 | $100,000 | $54,000 | $74,000 |
| Mortgage Insurance Denied | 1 | $112,000 | $112,000 | $112,000 | $49,000 | $49,000 |
| 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 2009 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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