Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2015
In 2015, Tennessee Valley Federal C U of Chattanooga, TN reported 748 mortgage applications totaling $87.4 million, up 29% from 2014. The average application was for $116,806, and applicants reported an average income of $78,026. 61% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Chattanooga, TN-GA (529), Cleveland, TN (86) and Dalton, GA (9) (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 | 748 |
| Total Mortgage Loan Application Amount | $87,371,000 |
| Average Mortgage Loan Application Amount | $116,806 |
| Highest Mortgage Loan Application Amount | $578,000 |
| Average Applicant Income | $78,026 |
| Highest Applicant Income | $480,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 378 | $ 48,227,000 | $ 127,584 | $ 86,000 |
| Bradley, Tennessee | 79 | $ 7,908,000 | $ 100,101 | $ 65,000 |
| Catoosa, Georgia | 59 | $ 6,407,000 | $ 108,593 | $ 85,000 |
| Walker, Georgia | 46 | $ 3,518,000 | $ 76,478 | $ 55,000 |
| Marion, Tennessee | 26 | $ 3,639,000 | $ 139,961 | $ 77,000 |
| Rhea, Tennessee | 20 | $ 1,886,000 | $ 94,300 | $ 53,000 |
| McMinn, Tennessee | 11 | $ 1,258,000 | $ 114,363 | $ 49,000 |
| Sequatchie, Tennessee | 11 | $ 1,384,000 | $ 125,818 | $ 74,000 |
| Meigs, Tennessee | 10 | $ 827,000 | $ 82,700 | $ 76,000 |
| Dade, Georgia | 9 | $ 1,447,000 | $ 160,777 | $ 73,000 |
| Bledsoe, Tennessee | 7 | $ 727,000 | $ 103,857 | $ 51,000 |
| Grundy, Tennessee | 7 | $ 469,000 | $ 67,000 | $ 33,000 |
| Polk, Tennessee | 7 | $ 663,000 | $ 94,714 | $ 67,000 |
| Whitfield, Georgia | 6 | $ 608,000 | $ 101,333 | $ 80,000 |
| Jackson, Alabama | 3 | $ 366,000 | $ 122,000 | $ 65,000 |
| Murray, Georgia | 3 | $ 359,000 | $ 119,666 | $ 62,000 |
| Chattooga, Georgia | 2 | $ 172,000 | $ 86,000 | $ 35,000 |
| Knox, Tennessee | 2 | $ 302,000 | $ 151,000 | $ 109,000 |
| Marshall, Tennessee | 2 | $ 255,000 | $ 127,500 | $ 116,000 |
| Sevier, Tennessee | 2 | $ 238,000 | $ 119,000 | $ 96,000 |
| Arapahoe, Colorado | 1 | $ 296,000 | $ 296,000 | $ 85,000 |
| Cherokee, Georgia | 1 | $ 119,000 | $ 119,000 | $ 83,000 |
| Fulton, Georgia | 1 | $ 117,000 | $ 117,000 | $ 146,000 |
| Stephens, Georgia | 1 | $ 58,000 | $ 58,000 | $ 76,000 |
| Walton, Georgia | 1 | $ 200,000 | $ 200,000 | $ 96,000 |
| Adams, Pennsylvania | 1 | $ 176,000 | $ 176,000 | $ 70,000 |
| Franklin, Tennessee | 1 | $ 92,000 | $ 92,000 | $ 69,000 |
| Jefferson, Tennessee | 1 | $ 84,000 | $ 84,000 | $ 39,000 |
| Putnam, Tennessee | 1 | $ 74,000 | $ 74,000 | $ 130,000 |
| Roane, Tennessee | 1 | $ 100,000 | $ 100,000 | $ 112,000 |
| Rutherford, Tennessee | 1 | $ 80,000 | $ 80,000 | $ 58,000 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2015
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 | 458 | $48,930,000 | $106,000 | $562,000 | $77,000 | $411,000 |
| Home Purchase | 284 | $38,131,000 | $134,000 | $578,000 | $80,000 | $480,000 |
| Home Improvement | 6 | $310,000 | $51,000 | $144,000 | $63,000 | $97,000 |
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 | 662 | $77,499,000 | $117,000 | $578,000 | $79,000 | $480,000 |
| Black or African American | 53 | $5,557,000 | $104,000 | $408,000 | $64,000 | $172,000 |
| Hispanic | 16 | $1,900,000 | $118,000 | $313,000 | $69,000 | $188,000 |
| Not Provided | 7 | $805,000 | $115,000 | $157,000 | $51,000 | $93,000 |
| Asian | 6 | $1,126,000 | $187,000 | $295,000 | $83,000 | $201,000 |
| American Indian or Alaskan Native | 2 | $339,000 | $169,000 | $245,000 | $111,000 | $160,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $42,000 | $42,000 | $42,000 | $56,000 | $56,000 |
| Not applicable | 1 | $103,000 | $103,000 | $103,000 | $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) | 748 | $87,371,000 | $116,000 | $578,000 | $78,000 | $480,000 |
| 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 | 460 | $54,583,000 | $118,000 | $578,000 | $83,000 | $480,000 |
| Application Withdrawn By Applicant | 159 | $18,402,000 | $115,000 | $319,000 | $73,000 | $263,000 |
| Application Denied By Financial Institution | 118 | $13,091,000 | $110,000 | $383,000 | $64,000 | $228,000 |
| File Closed For Incompleteness | 10 | $1,176,000 | $117,000 | $179,000 | $71,000 | $115,000 |
| Application Approved But Not Accepted | 1 | $119,000 | $119,000 | $119,000 | $35,000 | $35,000 |
| 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 | 51 | $5,613,000 | $110,000 | $365,000 | $49,000 | $220,000 |
| Credit History | 41 | $4,576,000 | $111,000 | $256,000 | $71,000 | $228,000 |
| Collateral | 16 | $1,715,000 | $107,000 | $383,000 | $91,000 | $217,000 |
| Employment History | 4 | $524,000 | $131,000 | $223,000 | $48,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $112,000 | $112,000 | $112,000 | $54,000 | $54,000 |
| Other | 1 | $65,000 | $65,000 | $65,000 | $49,000 | $49,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2015 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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