Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2016
In 2016, Tennessee Valley Federal C U of Chattanooga, TN reported 944 mortgage applications totaling $117.7 million, up 26% from 2015. The average application was for $124,719, and applicants reported an average income of $76,057. 65% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Chattanooga, TN-GA (699), Cleveland, TN (118) and Dalton, GA (13) (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 | 944 |
| Total Mortgage Loan Application Amount | $117,735,000 |
| Average Mortgage Loan Application Amount | $124,719 |
| Highest Mortgage Loan Application Amount | $740,000 |
| Average Applicant Income | $76,057 |
| Highest Applicant Income | $359,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 486 | $ 65,240,000 | $ 134,238 | $ 83,000 |
| Bradley, Tennessee | 106 | $ 11,763,000 | $ 110,971 | $ 62,000 |
| Catoosa, Georgia | 91 | $ 11,619,000 | $ 127,681 | $ 74,000 |
| Walker, Georgia | 58 | $ 4,982,000 | $ 85,896 | $ 64,000 |
| Marion, Tennessee | 47 | $ 5,231,000 | $ 111,297 | $ 62,000 |
| Rhea, Tennessee | 24 | $ 2,755,000 | $ 114,791 | $ 79,000 |
| McMinn, Tennessee | 13 | $ 1,459,000 | $ 112,230 | $ 60,000 |
| Polk, Tennessee | 12 | $ 1,314,000 | $ 109,500 | $ 60,000 |
| Whitfield, Georgia | 10 | $ 1,209,000 | $ 120,900 | $ 95,000 |
| Meigs, Tennessee | 10 | $ 1,308,000 | $ 130,800 | $ 82,000 |
| Jackson, Alabama | 9 | $ 1,075,000 | $ 119,444 | $ 54,000 |
| Sequatchie, Tennessee | 9 | $ 899,000 | $ 99,888 | $ 53,000 |
| Dade, Georgia | 8 | $ 1,216,000 | $ 152,000 | $ 93,000 |
| Grundy, Tennessee | 5 | $ 448,000 | $ 89,600 | $ 29,000 |
| Monroe, Tennessee | 5 | $ 386,000 | $ 77,200 | $ 45,000 |
| Bledsoe, Tennessee | 4 | $ 478,000 | $ 119,500 | $ 41,000 |
| Davidson, Tennessee | 4 | $ 1,004,000 | $ 251,000 | $ 110,000 |
| Murray, Georgia | 3 | $ 323,000 | $ 107,666 | $ 74,000 |
| DeKalb, Alabama | 2 | $ 159,000 | $ 79,500 | $ 125,000 |
| Knox, Tennessee | 2 | $ 166,000 | $ 83,000 | $ 50,000 |
| Bay, Florida | 1 | $ 95,000 | $ 95,000 | $ 129,000 |
| Escambia, Florida | 1 | $ 56,000 | $ 56,000 | $ 78,000 |
| Chattooga, Georgia | 1 | $ 115,000 | $ 115,000 | $ 37,000 |
| Fannin, Georgia | 1 | $ 64,000 | $ 64,000 | $ 58,000 |
| Union, Georgia | 1 | $ 162,000 | $ 162,000 | $ 61,000 |
| Cumberland, Tennessee | 1 | $ 347,000 | $ 347,000 | $ 128,000 |
| Fayette, Tennessee | 1 | $ 363,000 | $ 363,000 | $ 113,000 |
| Lincoln, Tennessee | 1 | $ 50,000 | $ 50,000 | $ 0 |
| Van Buren, Tennessee | 1 | $ 110,000 | $ 110,000 | $ 41,000 |
| Williamson, Tennessee | 1 | $ 279,000 | $ 279,000 | $ 138,000 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2016
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 | 499 | $57,136,000 | $114,000 | $740,000 | $77,000 | $359,000 |
| Home Purchase | 366 | $53,270,000 | $145,000 | $669,000 | $75,000 | $300,000 |
| Home Improvement | 79 | $7,329,000 | $92,000 | $275,000 | $75,000 | $215,000 |
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 | 840 | $105,304,000 | $125,000 | $740,000 | $78,000 | $359,000 |
| Black or African American | 52 | $6,168,000 | $118,000 | $416,000 | $69,000 | $215,000 |
| Not applicable | 16 | $2,530,000 | $158,000 | $404,000 | $0 | $0 |
| Not Provided | 14 | $1,094,000 | $78,000 | $164,000 | $72,000 | $188,000 |
| Asian | 9 | $1,238,000 | $137,000 | $222,000 | $110,000 | $226,000 |
| Hispanic | 8 | $809,000 | $101,000 | $209,000 | $54,000 | $141,000 |
| American Indian or Alaskan Native | 5 | $592,000 | $118,000 | $164,000 | $82,000 | $138,000 |
| Native Hawaiin or Other Pacific Islander | 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) | 944 | $117,735,000 | $124,000 | $740,000 | $76,000 | $359,000 |
| 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 | 613 | $79,023,000 | $128,000 | $740,000 | $78,000 | $328,000 |
| Application Withdrawn By Applicant | 139 | $17,622,000 | $126,000 | $690,000 | $89,000 | $359,000 |
| Application Denied By Financial Institution | 131 | $13,614,000 | $103,000 | $342,000 | $53,000 | $239,000 |
| Application Approved But Not Accepted | 54 | $6,374,000 | $118,000 | $262,000 | $74,000 | $226,000 |
| File Closed For Incompleteness | 7 | $1,102,000 | $157,000 | $416,000 | $69,000 | $115,000 |
| 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 | 54 | $5,874,000 | $108,000 | $277,000 | $40,000 | $114,000 |
| Collateral | 31 | $3,513,000 | $113,000 | $323,000 | $81,000 | $239,000 |
| Credit History | 11 | $817,000 | $74,000 | $150,000 | $55,000 | $143,000 |
| Other | 9 | $849,000 | $94,000 | $135,000 | $61,000 | $158,000 |
| Employment History | 7 | $889,000 | $127,000 | $342,000 | $41,000 | $100,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $317,000 | $105,000 | $174,000 | $65,000 | $96,000 |
| Unverifiable Information | 1 | $85,000 | $85,000 | $85,000 | $37,000 | $37,000 |
| 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 2016 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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