Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2017
In 2017, Tennessee Valley Federal C U of Chattanooga, TN reported 1,152 mortgage applications totaling $139.1 million, up 22% from 2016. The average application was for $120,739, and applicants reported an average income of $76,631. 65% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Chattanooga, TN-GA (924), Cleveland, TN (111) and Dalton, GA (24) (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 | 1,152 |
| Total Mortgage Loan Application Amount | $139,092,000 |
| Average Mortgage Loan Application Amount | $120,739 |
| Highest Mortgage Loan Application Amount | $713,000 |
| Average Applicant Income | $76,631 |
| Highest Applicant Income | $386,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 617 | $ 81,205,000 | $ 131,612 | $ 83,000 |
| Catoosa, Georgia | 142 | $ 14,235,000 | $ 100,246 | $ 65,000 |
| Bradley, Tennessee | 104 | $ 11,537,000 | $ 110,932 | $ 71,000 |
| Walker, Georgia | 97 | $ 9,933,000 | $ 102,402 | $ 68,000 |
| Marion, Tennessee | 50 | $ 4,485,000 | $ 89,700 | $ 64,000 |
| Whitfield, Georgia | 20 | $ 2,017,000 | $ 100,850 | $ 64,000 |
| McMinn, Tennessee | 17 | $ 1,805,000 | $ 106,176 | $ 51,000 |
| Rhea, Tennessee | 14 | $ 1,546,000 | $ 110,428 | $ 80,000 |
| Sequatchie, Tennessee | 11 | $ 1,576,000 | $ 143,272 | $ 84,000 |
| Jackson, Alabama | 7 | $ 742,000 | $ 106,000 | $ 68,000 |
| Dade, Georgia | 7 | $ 652,000 | $ 93,142 | $ 80,000 |
| Meigs, Tennessee | 7 | $ 967,000 | $ 138,142 | $ 90,000 |
| Polk, Tennessee | 7 | $ 757,000 | $ 108,142 | $ 48,000 |
| Grundy, Tennessee | 6 | $ 545,000 | $ 90,833 | $ 46,000 |
| Murray, Georgia | 4 | $ 222,000 | $ 55,500 | $ 43,000 |
| Bledsoe, Tennessee | 4 | $ 400,000 | $ 100,000 | $ 96,000 |
| Monroe, Tennessee | 4 | $ 373,000 | $ 93,250 | $ 60,000 |
| DeKalb, Alabama | 3 | $ 354,000 | $ 118,000 | $ 75,000 |
| Fulton, Georgia | 3 | $ 531,000 | $ 177,000 | $ 79,000 |
| Seminole, Florida | 2 | $ 640,000 | $ 320,000 | $ 210,000 |
| Chattooga, Georgia | 2 | $ 468,000 | $ 234,000 | $ 45,000 |
| Hall, Georgia | 2 | $ 645,000 | $ 322,500 | $ 95,000 |
| Franklin, Tennessee | 2 | $ 169,000 | $ 84,500 | $ 55,000 |
| Sevier, Tennessee | 2 | $ 236,000 | $ 118,000 | $ 70,000 |
| Sumner, Tennessee | 2 | $ 500,000 | $ 250,000 | $ 72,000 |
| Williamson, Tennessee | 2 | $ 518,000 | $ 259,000 | $ 119,000 |
| Montgomery, Alabama | 1 | $ 636,000 | $ 636,000 | $ 0 |
| Maricopa, Arizona | 1 | $ 70,000 | $ 70,000 | $ 205,000 |
| Pulaski, Arkansas | 1 | $ 179,000 | $ 179,000 | $ 138,000 |
| Sarasota, Florida | 1 | $ 141,000 | $ 141,000 | $ 120,000 |
| St. Lucie, Florida | 1 | $ 69,000 | $ 69,000 | $ 104,000 |
| Cherokee, Georgia | 1 | $ 132,000 | $ 132,000 | $ 46,000 |
| DeKalb, Georgia | 1 | $ 48,000 | $ 48,000 | $ 80,000 |
| Liberty, Georgia | 1 | $ 45,000 | $ 45,000 | $ 53,000 |
| Gibson, Tennessee | 1 | $ 25,000 | $ 25,000 | $ 137,000 |
| Greene, Tennessee | 1 | $ 44,000 | $ 44,000 | $ 65,000 |
| Knox, Tennessee | 1 | $ 117,000 | $ 117,000 | $ 172,000 |
| Loudon, Tennessee | 1 | $ 180,000 | $ 180,000 | $ 68,000 |
| Rutherford, Tennessee | 1 | $ 100,000 | $ 100,000 | $ 55,000 |
| Wilson, Tennessee | 1 | $ 248,000 | $ 248,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2017
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 | 598 | $58,957,000 | $98,000 | $636,000 | $72,000 | $386,000 |
| Home Purchase | 441 | $71,843,000 | $162,000 | $713,000 | $80,000 | $330,000 |
| Home Improvement | 113 | $8,292,000 | $73,000 | $247,000 | $88,000 | $356,000 |
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 | 1,005 | $123,011,000 | $122,000 | $713,000 | $79,000 | $386,000 |
| Black or African American | 71 | $7,035,000 | $99,000 | $318,000 | $67,000 | $171,000 |
| Not Provided | 36 | $3,975,000 | $110,000 | $360,000 | $59,000 | $213,000 |
| Hispanic | 15 | $1,511,000 | $100,000 | $230,000 | $59,000 | $128,000 |
| Asian | 12 | $2,012,000 | $167,000 | $235,000 | $78,000 | $127,000 |
| Not applicable | 10 | $1,248,000 | $124,000 | $636,000 | $8,000 | $80,000 |
| American Indian or Alaskan Native | 3 | $300,000 | $100,000 | $200,000 | $172,000 | $352,000 |
| Native Hawaiian 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) | 1,152 | $139,092,000 | $120,000 | $713,000 | $77,000 | $386,000 |
| 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 | 749 | $91,988,000 | $122,000 | $713,000 | $79,000 | $356,000 |
| Application Withdrawn By Applicant | 200 | $23,891,000 | $119,000 | $400,000 | $80,000 | $352,000 |
| Application Denied By Financial Institution | 129 | $13,951,000 | $108,000 | $424,000 | $59,000 | $386,000 |
| Application Approved But Not Accepted | 68 | $8,437,000 | $124,000 | $320,000 | $73,000 | $243,000 |
| File Closed For Incompleteness | 6 | $825,000 | $137,000 | $216,000 | $103,000 | $180,000 |
| 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 | 52 | $6,145,000 | $118,000 | $424,000 | $50,000 | $142,000 |
| Credit History | 31 | $3,203,000 | $103,000 | $415,000 | $60,000 | $170,000 |
| Collateral | 22 | $2,034,000 | $92,000 | $230,000 | $60,000 | $127,000 |
| Other | 7 | $938,000 | $134,000 | $404,000 | $137,000 | $386,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $783,000 | $130,000 | $247,000 | $81,000 | $196,000 |
| Employment History | 5 | $402,000 | $80,000 | $144,000 | $31,000 | $43,000 |
| Credit Application Incomplete | 1 | $75,000 | $75,000 | $75,000 | $52,000 | $52,000 |
| Unverifiable Information | 1 | $50,000 | $50,000 | $50,000 | $13,000 | $13,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tennessee Valley Federal C U's 2017 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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