Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2014
In 2014, Tennessee Valley Federal C U of Chattanooga, TN reported 582 mortgage applications totaling $67.5 million, down 43% from 2013. The average application was for $116,010, and applicants reported an average income of $73,123. 59% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Chattanooga, TN-GA (433), Cleveland, TN (64) and Atlanta-Sandy Springs-Roswell, GA (3) (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 | 582 |
| Total Mortgage Loan Application Amount | $67,518,000 |
| Average Mortgage Loan Application Amount | $116,010 |
| Highest Mortgage Loan Application Amount | $513,000 |
| Average Applicant Income | $73,123 |
| Highest Applicant Income | $439,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 310 | $ 39,146,000 | $ 126,277 | $ 81,000 |
| Bradley, Tennessee | 58 | $ 6,616,000 | $ 114,068 | $ 66,000 |
| Catoosa, Georgia | 48 | $ 4,887,000 | $ 101,812 | $ 66,000 |
| Walker, Georgia | 43 | $ 3,938,000 | $ 91,581 | $ 64,000 |
| Marion, Tennessee | 20 | $ 2,280,000 | $ 114,000 | $ 60,000 |
| McMinn, Tennessee | 20 | $ 1,828,000 | $ 91,400 | $ 53,000 |
| Rhea, Tennessee | 9 | $ 719,000 | $ 79,888 | $ 53,000 |
| Jackson, Alabama | 8 | $ 1,035,000 | $ 129,375 | $ 67,000 |
| Dade, Georgia | 6 | $ 565,000 | $ 94,166 | $ 48,000 |
| Grundy, Tennessee | 6 | $ 729,000 | $ 121,500 | $ 47,000 |
| Polk, Tennessee | 6 | $ 540,000 | $ 90,000 | $ 63,000 |
| Sequatchie, Tennessee | 6 | $ 532,000 | $ 88,666 | $ 28,000 |
| Franklin, Alabama | 2 | $ 106,000 | $ 53,000 | $ 39,000 |
| Whitfield, Georgia | 2 | $ 291,000 | $ 145,500 | $ 90,000 |
| Bledsoe, Tennessee | 2 | $ 157,000 | $ 78,500 | $ 39,000 |
| Knox, Tennessee | 2 | $ 265,000 | $ 132,500 | $ 118,000 |
| Maury, Tennessee | 2 | $ 195,000 | $ 97,500 | $ 157,000 |
| Cherokee, Alabama | 1 | $ 28,000 | $ 28,000 | $ 61,000 |
| Colbert, Alabama | 1 | $ 65,000 | $ 65,000 | $ 48,000 |
| DeKalb, Alabama | 1 | $ 53,000 | $ 53,000 | $ 60,000 |
| Mobile, Alabama | 1 | $ 44,000 | $ 44,000 | $ 137,000 |
| St. Clair, Alabama | 1 | $ 130,000 | $ 130,000 | $ 51,000 |
| Maricopa, Arizona | 1 | $ 86,000 | $ 86,000 | $ 69,000 |
| Broomfield, Colorado | 1 | $ 225,000 | $ 225,000 | $ 90,000 |
| Seminole, Florida | 1 | $ 188,000 | $ 188,000 | $ 103,000 |
| Butts, Georgia | 1 | $ 43,000 | $ 43,000 | $ 94,000 |
| Douglas, Georgia | 1 | $ 38,000 | $ 38,000 | $ 29,000 |
| Paulding, Georgia | 1 | $ 157,000 | $ 157,000 | $ 85,000 |
| Calloway, Kentucky | 1 | $ 255,000 | $ 255,000 | $ 323,000 |
| Buncombe, North Carolina | 1 | $ 171,000 | $ 171,000 | $ 46,000 |
| Cherokee, North Carolina | 1 | $ 165,000 | $ 165,000 | $ 41,000 |
| Blount, Tennessee | 1 | $ 64,000 | $ 64,000 | $ 125,000 |
| Meigs, Tennessee | 1 | $ 124,000 | $ 124,000 | $ 61,000 |
| Monroe, Tennessee | 1 | $ 28,000 | $ 28,000 | $ 51,000 |
| Shelby, Tennessee | 1 | $ 51,000 | $ 51,000 | $ 81,000 |
| Van Buren, Tennessee | 1 | $ 40,000 | $ 40,000 | $ 42,000 |
| Roanoke, Virginia | 1 | $ 103,000 | $ 103,000 | $ 27,000 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2014
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 | 342 | $35,847,000 | $104,000 | $513,000 | $69,000 | $439,000 |
| Home Purchase | 240 | $31,671,000 | $131,000 | $455,000 | $79,000 | $323,000 |
| 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 | 513 | $60,800,000 | $118,000 | $513,000 | $75,000 | $439,000 |
| Black or African American | 48 | $4,513,000 | $94,000 | $244,000 | $62,000 | $181,000 |
| Hispanic | 12 | $987,000 | $82,000 | $143,000 | $54,000 | $106,000 |
| Asian | 6 | $956,000 | $159,000 | $269,000 | $50,000 | $123,000 |
| American Indian or Alaskan Native | 2 | $235,000 | $117,000 | $135,000 | $64,000 | $95,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $27,000 | $27,000 | $27,000 | $41,000 | $41,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 582 | $67,518,000 | $116,000 | $513,000 | $73,000 | $439,000 |
| 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 | $40,764,000 | $118,000 | $513,000 | $79,000 | $439,000 |
| Application Denied By Financial Institution | 111 | $11,121,000 | $100,000 | $344,000 | $53,000 | $181,000 |
| Application Withdrawn By Applicant | 111 | $14,148,000 | $127,000 | $417,000 | $78,000 | $323,000 |
| File Closed For Incompleteness | 10 | $800,000 | $80,000 | $150,000 | $48,000 | $99,000 |
| Application Approved But Not Accepted | 5 | $585,000 | $117,000 | $180,000 | $75,000 | $172,000 |
| Preapproval Denied by Financial Institution | 1 | $100,000 | $100,000 | $100,000 | $39,000 | $39,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 50 | $5,091,000 | $101,000 | $301,000 | $45,000 | $181,000 |
| Credit History | 40 | $4,302,000 | $107,000 | $344,000 | $55,000 | $102,000 |
| Collateral | 16 | $1,277,000 | $79,000 | $190,000 | $72,000 | $123,000 |
| Employment History | 3 | $181,000 | $60,000 | $64,000 | $50,000 | $91,000 |
| Other | 1 | $160,000 | $160,000 | $160,000 | $69,000 | $69,000 |
| Unverifiable Information | 1 | $53,000 | $53,000 | $53,000 | $56,000 | $56,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 2014 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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