Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2018
In 2018, Tennessee Valley Federal C U of Chattanooga, TN reported 1,345 mortgage applications totaling $186.8 million, up 17% from 2017. The average application was for $138,866, and applicants reported an average income of $85,149. 63% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Chattanooga, TN-GA (1,085), Cleveland, TN (134) 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 | 1,345 |
| Total Mortgage Loan Application Amount | $186,775,000 |
| Average Mortgage Loan Application Amount | $138,866 |
| Highest Mortgage Loan Application Amount | $565,000 |
| Average Applicant Income | $85,149 |
| Highest Applicant Income | $600,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 728 | $ 110,150,000 | $ 151,304 | $ 92,000 |
| Catoosa, Georgia | 183 | $ 22,065,000 | $ 120,573 | $ 76,000 |
| Bradley, Tennessee | 121 | $ 13,905,000 | $ 114,917 | $ 72,000 |
| Walker, Georgia | 117 | $ 16,325,000 | $ 139,529 | $ 86,000 |
| Marion, Tennessee | 31 | $ 3,215,000 | $ 103,709 | $ 84,000 |
| Rhea, Tennessee | 28 | $ 3,060,000 | $ 109,285 | $ 59,000 |
| McMinn, Tennessee | 22 | $ 2,080,000 | $ 94,545 | $ 54,000 |
| Dade, Georgia | 15 | $ 1,705,000 | $ 113,666 | $ 106,000 |
| Polk, Tennessee | 13 | $ 1,125,000 | $ 86,538 | $ 69,000 |
| Jackson, Alabama | 11 | $ 885,000 | $ 80,454 | $ 75,000 |
| Sequatchie, Tennessee | 11 | $ 1,795,000 | $ 163,181 | $ 105,000 |
| Whitfield, Georgia | 10 | $ 960,000 | $ 96,000 | $ 82,000 |
| Meigs, Tennessee | 8 | $ 1,130,000 | $ 141,250 | $ 87,000 |
| Bledsoe, Tennessee | 7 | $ 795,000 | $ 113,571 | $ 48,000 |
| DeKalb, Alabama | 6 | $ 920,000 | $ 153,333 | $ 62,000 |
| Davidson, Tennessee | 4 | $ 1,460,000 | $ 365,000 | $ 166,000 |
| Bay, Florida | 3 | $ 525,000 | $ 175,000 | $ 98,000 |
| Murray, Georgia | 3 | $ 195,000 | $ 65,000 | $ 55,000 |
| Roane, Tennessee | 3 | $ 875,000 | $ 291,666 | $ 134,000 |
| Cobb, Georgia | 2 | $ 150,000 | $ 75,000 | $ 33,000 |
| Fulton, Georgia | 2 | $ 400,000 | $ 200,000 | $ 94,000 |
| Gwinnett, Georgia | 2 | $ 230,000 | $ 115,000 | $ 111,000 |
| Sevier, Tennessee | 2 | $ 690,000 | $ 345,000 | $ 0 |
| Madison, Alabama | 1 | $ 225,000 | $ 225,000 | $ 90,000 |
| Charlotte, Florida | 1 | $ 275,000 | $ 275,000 | $ 76,000 |
| Marion, Florida | 1 | $ 25,000 | $ 25,000 | $ 27,000 |
| Santa Rosa, Florida | 1 | $ 275,000 | $ 275,000 | $ 93,000 |
| Bartow, Georgia | 1 | $ 215,000 | $ 215,000 | $ 86,000 |
| Fulton, Ohio | 1 | $ 65,000 | $ 65,000 | $ 49,000 |
| Blount, Tennessee | 1 | $ 165,000 | $ 165,000 | $ 103,000 |
| Grundy, Tennessee | 1 | $ 55,000 | $ 55,000 | $ 134,000 |
| Knox, Tennessee | 1 | $ 295,000 | $ 295,000 | $ 162,000 |
| Marshall, Tennessee | 1 | $ 145,000 | $ 145,000 | $ 98,000 |
| Morgan, Tennessee | 1 | $ 105,000 | $ 105,000 | $ 83,000 |
| Williamson, Tennessee | 1 | $ 245,000 | $ 245,000 | $ 63,000 |
| Wilson, Tennessee | 1 | $ 45,000 | $ 45,000 | $ 127,000 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2018
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 635 | $117,375,000 | $184,000 | $565,000 | $92,000 | $600,000 |
| Cash-out Refinancing | 530 | $43,370,000 | $81,000 | $505,000 | $80,000 | $442,000 |
| Refinancing | 172 | $25,270,000 | $146,000 | $465,000 | $75,000 | $221,000 |
| Home Improvement | 5 | $645,000 | $129,000 | $175,000 | $142,000 | $230,000 |
| Other Purpose | 3 | $115,000 | $38,000 | $65,000 | $32,000 | $66,000 |
| Not Applicable | 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 | 1,147 | $159,475,000 | $139,000 | $535,000 | $86,000 | $600,000 |
| Black or African American | 65 | $7,025,000 | $108,000 | $415,000 | $80,000 | $269,000 |
| Not applicable | 48 | $8,510,000 | $177,000 | $465,000 | $67,000 | $119,000 |
| Not Provided | 47 | $6,045,000 | $128,000 | $455,000 | $85,000 | $250,000 |
| Hispanic | 17 | $1,275,000 | $75,000 | $185,000 | $47,000 | $103,000 |
| Asian | 17 | $4,135,000 | $243,000 | $565,000 | $127,000 | $300,000 |
| American Indian or Alaskan Native | 3 | $255,000 | $85,000 | $185,000 | $119,000 | $200,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $55,000 | $55,000 | $55,000 | $177,000 | $177,000 |
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) | 1,345 | $186,775,000 | $138,000 | $565,000 | $86,000 | $600,000 |
| 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 | 845 | $123,125,000 | $145,000 | $565,000 | $93,000 | $442,000 |
| Application Withdrawn By Applicant | 270 | $37,680,000 | $139,000 | $455,000 | $84,000 | $600,000 |
| Application Denied By Financial Institution | 187 | $19,635,000 | $105,000 | $455,000 | $59,000 | $246,000 |
| Application Approved But Not Accepted | 43 | $6,335,000 | $147,000 | $415,000 | $80,000 | $213,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,158 | $167,140,000 | $144,000 | $565,000 | $90,000 | $600,000 |
| Debt-To-Income Ratio | 79 | $9,145,000 | $115,000 | $405,000 | $47,000 | $177,000 |
| Credit History | 31 | $2,665,000 | $85,000 | $245,000 | $55,000 | $174,000 |
| Collateral | 30 | $2,590,000 | $86,000 | $385,000 | $76,000 | $246,000 |
| Other | 17 | $1,695,000 | $99,000 | $215,000 | $72,000 | $188,000 |
| Employment History | 14 | $1,230,000 | $87,000 | $225,000 | $41,000 | $111,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $1,975,000 | $179,000 | $455,000 | $76,000 | $160,000 |
| Credit Application Incomplete | 4 | $280,000 | $70,000 | $95,000 | $144,000 | $204,000 |
| Unverifiable Information | 1 | $55,000 | $55,000 | $55,000 | $94,000 | $94,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tennessee Valley Federal C U's 2018 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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