Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2013
In 2013, Tennessee Valley Federal C U of Chattanooga, TN reported 1,017 mortgage applications totaling $124.1 million, down 13% from 2012. The average application was for $122,071, and applicants reported an average income of $73,123. 53% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Chattanooga, TN-GA (770), Cleveland, TN (102) and Dalton, GA (6) (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 | 1,017 |
| Total Mortgage Loan Application Amount | $124,147,000 |
| Average Mortgage Loan Application Amount | $122,071 |
| Highest Mortgage Loan Application Amount | $700,000 |
| Average Applicant Income | $73,123 |
| Highest Applicant Income | $678,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 561 | $ 75,036,000 | $ 133,754 | $ 79,000 |
| Bradley, Tennessee | 89 | $ 10,010,000 | $ 112,471 | $ 65,000 |
| Catoosa, Georgia | 76 | $ 8,107,000 | $ 106,671 | $ 70,000 |
| Walker, Georgia | 76 | $ 7,602,000 | $ 100,026 | $ 57,000 |
| Marion, Tennessee | 36 | $ 3,476,000 | $ 96,555 | $ 63,000 |
| McMinn, Tennessee | 29 | $ 2,084,000 | $ 71,862 | $ 57,000 |
| Rhea, Tennessee | 25 | $ 3,481,000 | $ 139,240 | $ 83,000 |
| Dade, Georgia | 13 | $ 1,652,000 | $ 127,076 | $ 56,000 |
| Polk, Tennessee | 13 | $ 1,267,000 | $ 97,461 | $ 69,000 |
| Meigs, Tennessee | 12 | $ 924,000 | $ 77,000 | $ 54,000 |
| Bledsoe, Tennessee | 8 | $ 674,000 | $ 84,250 | $ 75,000 |
| Sequatchie, Tennessee | 8 | $ 846,000 | $ 105,750 | $ 71,000 |
| Jackson, Alabama | 7 | $ 910,000 | $ 130,000 | $ 73,000 |
| Grundy, Tennessee | 7 | $ 517,000 | $ 73,857 | $ 40,000 |
| Whitfield, Georgia | 5 | $ 524,000 | $ 104,800 | $ 54,000 |
| DeKalb, Alabama | 4 | $ 530,000 | $ 132,500 | $ 68,000 |
| Cherokee, Alabama | 3 | $ 326,000 | $ 108,666 | $ 98,000 |
| Knox, Tennessee | 3 | $ 484,000 | $ 161,333 | $ 67,000 |
| Mobile, Alabama | 2 | $ 135,000 | $ 67,500 | $ 110,000 |
| Emanuel, Georgia | 2 | $ 148,000 | $ 74,000 | $ 80,000 |
| Fulton, Georgia | 2 | $ 414,000 | $ 207,000 | $ 92,000 |
| Jessamine, Kentucky | 2 | $ 205,000 | $ 102,500 | $ 68,000 |
| Anderson, Tennessee | 2 | $ 460,000 | $ 230,000 | $ 91,000 |
| Sevier, Tennessee | 2 | $ 279,000 | $ 139,500 | $ 108,000 |
| Fresno, California | 1 | $ 155,000 | $ 155,000 | $ 42,000 |
| Broward, Florida | 1 | $ 94,000 | $ 94,000 | $ 159,000 |
| Marion, Florida | 1 | $ 35,000 | $ 35,000 | $ 35,000 |
| Palm Beach, Florida | 1 | $ 101,000 | $ 101,000 | $ 83,000 |
| Gordon, Georgia | 1 | $ 162,000 | $ 162,000 | $ 154,000 |
| Lowndes, Georgia | 1 | $ 143,000 | $ 143,000 | $ 26,000 |
| Murray, Georgia | 1 | $ 122,000 | $ 122,000 | $ 38,000 |
| Spalding, Georgia | 1 | $ 365,000 | $ 365,000 | $ 100,000 |
| Hardin, Kentucky | 1 | $ 100,000 | $ 100,000 | $ 65,000 |
| St. Charles, Louisiana | 1 | $ 120,000 | $ 120,000 | $ 31,000 |
| Harrison, Mississippi | 1 | $ 104,000 | $ 104,000 | $ 83,000 |
| Cherokee, North Carolina | 1 | $ 128,000 | $ 128,000 | $ 89,000 |
| Craven, North Carolina | 1 | $ 51,000 | $ 51,000 | $ 62,000 |
| Guilford, North Carolina | 1 | $ 130,000 | $ 130,000 | $ 56,000 |
| Erie, Pennsylvania | 1 | $ 64,000 | $ 64,000 | $ 27,000 |
| Greenville, South Carolina | 1 | $ 160,000 | $ 160,000 | $ 59,000 |
| Blount, Tennessee | 1 | $ 60,000 | $ 60,000 | $ 107,000 |
| Davidson, Tennessee | 1 | $ 465,000 | $ 465,000 | $ 151,000 |
| Franklin, Tennessee | 1 | $ 112,000 | $ 112,000 | $ 57,000 |
| Hamblen, Tennessee | 1 | $ 155,000 | $ 155,000 | $ 62,000 |
| Montgomery, Tennessee | 1 | $ 113,000 | $ 113,000 | $ 127,000 |
| Roane, Tennessee | 1 | $ 53,000 | $ 53,000 | $ 16,000 |
| Rutherford, Tennessee | 1 | $ 213,000 | $ 213,000 | $ 135,000 |
| Shelby, Tennessee | 1 | $ 20,000 | $ 20,000 | $ 85,000 |
| Williamson, Tennessee | 1 | $ 250,000 | $ 250,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2013
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 | 636 | $68,875,000 | $108,000 | $580,000 | $72,000 | $403,000 |
| Home Purchase | 381 | $55,272,000 | $145,000 | $700,000 | $75,000 | $678,000 |
| 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 | 908 | $111,888,000 | $123,000 | $700,000 | $74,000 | $678,000 |
| Black or African American | 61 | $6,392,000 | $104,000 | $376,000 | $70,000 | $235,000 |
| Hispanic | 22 | $2,119,000 | $96,000 | $200,000 | $50,000 | $114,000 |
| Asian | 11 | $1,746,000 | $158,000 | $334,000 | $64,000 | $139,000 |
| American Indian or Alaskan Native | 6 | $727,000 | $121,000 | $252,000 | $74,000 | $137,000 |
| Not Provided | 5 | $924,000 | $184,000 | $465,000 | $88,000 | $151,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $351,000 | $87,000 | $166,000 | $76,000 | $132,000 |
| 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) | 1,017 | $124,147,000 | $122,000 | $700,000 | $73,000 | $678,000 |
| 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 | 542 | $62,528,000 | $115,000 | $580,000 | $77,000 | $292,000 |
| Application Withdrawn By Applicant | 284 | $40,506,000 | $142,000 | $585,000 | $76,000 | $403,000 |
| Application Denied By Financial Institution | 179 | $19,983,000 | $111,000 | $700,000 | $59,000 | $678,000 |
| File Closed For Incompleteness | 7 | $549,000 | $78,000 | $120,000 | $42,000 | $98,000 |
| Preapproval Denied by Financial Institution | 5 | $581,000 | $116,000 | $183,000 | $43,000 | $122,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 71 | $7,558,000 | $106,000 | $700,000 | $64,000 | $678,000 |
| Debt-To-Income Ratio | 71 | $7,773,000 | $109,000 | $417,000 | $48,000 | $190,000 |
| Collateral | 29 | $3,483,000 | $120,000 | $334,000 | $70,000 | $161,000 |
| Employment History | 6 | $835,000 | $139,000 | $291,000 | $41,000 | $76,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $235,000 | $117,000 | $181,000 | $88,000 | $94,000 |
| Other | 1 | $84,000 | $84,000 | $84,000 | $85,000 | $85,000 |
| Unverifiable Information | 1 | $70,000 | $70,000 | $70,000 | $43,000 | $43,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tennessee Valley Federal C U's 2013 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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