Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2021
In 2021, Tennessee Valley Federal C U of Chattanooga, TN reported 2,496 mortgage applications totaling $441.3 million, up 25% from 2020. The average application was for $176,810, and applicants reported an average income of $99,165. 65% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Chattanooga, TN-GA (1,860), Cleveland, TN (309) and Dalton, GA (38) (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 | 2,496 |
| Total Mortgage Loan Application Amount | $441,320,000 |
| Average Mortgage Loan Application Amount | $176,810 |
| Highest Mortgage Loan Application Amount | $2,965,000 |
| Average Applicant Income | $99,165 |
| Highest Applicant Income | $4,080,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,267 | $ 240,315,000 | $ 189,672 | $ 107,000 |
| Bradley, Tennessee | 275 | $ 42,925,000 | $ 156,090 | $ 92,000 |
| Catoosa, Georgia | 254 | $ 39,820,000 | $ 156,771 | $ 97,000 |
| Walker, Georgia | 204 | $ 31,930,000 | $ 156,519 | $ 80,000 |
| Marion, Tennessee | 78 | $ 11,740,000 | $ 150,512 | $ 104,000 |
| McMinn, Tennessee | 66 | $ 9,600,000 | $ 145,454 | $ 84,000 |
| Rhea, Tennessee | 63 | $ 8,425,000 | $ 133,730 | $ 78,000 |
| Polk, Tennessee | 34 | $ 5,740,000 | $ 168,823 | $ 70,000 |
| Dade, Georgia | 31 | $ 4,155,000 | $ 134,032 | $ 75,000 |
| Sequatchie, Tennessee | 26 | $ 4,760,000 | $ 183,076 | $ 140,000 |
| Whitfield, Georgia | 25 | $ 4,065,000 | $ 162,600 | $ 74,000 |
| Bledsoe, Tennessee | 22 | $ 3,010,000 | $ 136,818 | $ 81,000 |
| Meigs, Tennessee | 21 | $ 3,005,000 | $ 143,095 | $ 73,000 |
| Jackson, Alabama | 16 | $ 2,200,000 | $ 137,500 | $ 82,000 |
| Murray, Georgia | 13 | $ 1,905,000 | $ 146,538 | $ 88,000 |
| Knox, Tennessee | 10 | $ 4,450,000 | $ 445,000 | $ 247,000 |
| DeKalb, Alabama | 9 | $ 1,065,000 | $ 118,333 | $ 70,000 |
| Monroe, Tennessee | 9 | $ 1,665,000 | $ 185,000 | $ 59,000 |
| Davidson, Tennessee | 8 | $ 3,310,000 | $ 413,750 | $ 112,000 |
| Grundy, Tennessee | 7 | $ 765,000 | $ 109,285 | $ 153,000 |
| Okaloosa, Florida | 4 | $ 1,660,000 | $ 415,000 | $ 243,000 |
| Cobb, Georgia | 3 | $ 1,035,000 | $ 345,000 | $ 163,000 |
| Gordon, Georgia | 3 | $ 315,000 | $ 105,000 | $ 77,000 |
| Loudon, Tennessee | 3 | $ 455,000 | $ 151,666 | $ 35,000 |
| Roane, Tennessee | 3 | $ 715,000 | $ 238,333 | $ 112,000 |
| Duval, Florida | 2 | $ 310,000 | $ 155,000 | $ 44,000 |
| Bartow, Georgia | 2 | $ 170,000 | $ 85,000 | $ 92,000 |
| Fulton, Georgia | 2 | $ 390,000 | $ 195,000 | $ 78,000 |
| Gilmer, Georgia | 2 | $ 420,000 | $ 210,000 | $ 205,000 |
| Anderson, Tennessee | 2 | $ 420,000 | $ 210,000 | $ 87,000 |
| Blount, Tennessee | 2 | $ 1,580,000 | $ 790,000 | $ 136,000 |
| Sevier, Tennessee | 2 | $ 1,450,000 | $ 725,000 | $ 37,000 |
| Etowah, Alabama | 1 | $ 155,000 | $ 155,000 | $ 33,000 |
| Limestone, Alabama | 1 | $ 275,000 | $ 275,000 | $ 115,000 |
| Madison, Alabama | 1 | $ 115,000 | $ 115,000 | $ 104,000 |
| Bay, Florida | 1 | $ 325,000 | $ 325,000 | $ 195,000 |
| Escambia, Florida | 1 | $ 155,000 | $ 155,000 | $ 101,000 |
| Franklin, Florida | 1 | $ 135,000 | $ 135,000 | $ 116,000 |
| Lee, Florida | 1 | $ 95,000 | $ 95,000 | $ 51,000 |
| Manatee, Florida | 1 | $ 725,000 | $ 725,000 | $ 239,000 |
| Sumter, Florida | 1 | $ 105,000 | $ 105,000 | $ 67,000 |
| Barrow, Georgia | 1 | $ 295,000 | $ 295,000 | $ 135,000 |
| Camden, Georgia | 1 | $ 165,000 | $ 165,000 | $ 73,000 |
| Chatham, Georgia | 1 | $ 495,000 | $ 495,000 | $ 69,000 |
| Chattooga, Georgia | 1 | $ 765,000 | $ 765,000 | $ 420,000 |
| Clarke, Georgia | 1 | $ 285,000 | $ 285,000 | $ 135,000 |
| Fannin, Georgia | 1 | $ 425,000 | $ 425,000 | $ 118,000 |
| Fayette, Georgia | 1 | $ 445,000 | $ 445,000 | $ 126,000 |
| Gwinnett, Georgia | 1 | $ 405,000 | $ 405,000 | $ 90,000 |
| Union, Georgia | 1 | $ 275,000 | $ 275,000 | $ 106,000 |
| White, Georgia | 1 | $ 205,000 | $ 205,000 | $ 98,000 |
| Bedford, Tennessee | 1 | $ 255,000 | $ 255,000 | $ 232,000 |
| Clay, Tennessee | 1 | $ 75,000 | $ 75,000 | $ 100,000 |
| Dickson, Tennessee | 1 | $ 305,000 | $ 305,000 | $ 50,000 |
| Franklin, Tennessee | 1 | $ 35,000 | $ 35,000 | $ 56,000 |
| Hamblen, Tennessee | 1 | $ 275,000 | $ 275,000 | $ 105,000 |
| Rutherford, Tennessee | 1 | $ 135,000 | $ 135,000 | $ 59,000 |
| Van Buren, Tennessee | 1 | $ 165,000 | $ 165,000 | $ 60,000 |
| Williamson, Tennessee | 1 | $ 355,000 | $ 355,000 | $ 119,000 |
| Wilson, Tennessee | 1 | $ 105,000 | $ 105,000 | $ 98,000 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2021
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 | 876 | $192,320,000 | $219,000 | $2,965,000 | $104,000 | $1,933,000 |
| Cash-out Refinancing | 738 | $129,350,000 | $175,000 | $2,605,000 | $94,000 | $2,221,000 |
| Refinancing | 605 | $98,225,000 | $162,000 | $1,245,000 | $99,000 | $2,040,000 |
| Other Purpose | 276 | $21,310,000 | $77,000 | $585,000 | $98,000 | $4,080,000 |
| Home Improvement | 1 | $115,000 | $115,000 | $115,000 | $0 | $0 |
| 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 | 1,890 | $331,510,000 | $175,000 | $1,335,000 | $101,000 | $4,080,000 |
| Not Provided | 252 | $47,380,000 | $188,000 | $2,965,000 | $105,000 | $1,933,000 |
| Black or African American | 180 | $28,430,000 | $157,000 | $525,000 | $77,000 | $765,000 |
| Not applicable | 86 | $19,640,000 | $228,000 | $2,605,000 | $0 | $0 |
| Hispanic | 51 | $8,415,000 | $165,000 | $425,000 | $82,000 | $268,000 |
| American Indian or Alaskan Native | 17 | $2,555,000 | $150,000 | $395,000 | $112,000 | $598,000 |
| Asian | 16 | $2,870,000 | $179,000 | $345,000 | $98,000 | $198,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $115,000 | $115,000 | $115,000 | $106,000 | $106,000 |
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) | 2,496 | $441,320,000 | $176,000 | $2,965,000 | $99,000 | $4,080,000 |
| 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 | 1,624 | $298,320,000 | $183,000 | $2,965,000 | $89,000 | $1,933,000 |
| Application Withdrawn By Applicant | 485 | $85,365,000 | $176,000 | $755,000 | $145,000 | $2,221,000 |
| Application Denied By Financial Institution | 302 | $43,280,000 | $143,000 | $835,000 | $81,000 | $4,080,000 |
| File Closed For Incompleteness | 64 | $10,890,000 | $170,000 | $885,000 | $95,000 | $864,000 |
| Application Approved But Not Accepted | 21 | $3,465,000 | $165,000 | $355,000 | $68,000 | $134,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,194 | $398,040,000 | $181,000 | $2,965,000 | $102,000 | $2,221,000 |
| Debt-To-Income Ratio | 108 | $17,240,000 | $159,000 | $835,000 | $47,000 | $315,000 |
| Credit History | 71 | $8,685,000 | $122,000 | $605,000 | $75,000 | $376,000 |
| Collateral | 50 | $6,510,000 | $130,000 | $435,000 | $91,000 | $374,000 |
| Other | 24 | $2,940,000 | $122,000 | $305,000 | $260,000 | $4,080,000 |
| Credit Application Incomplete | 19 | $3,535,000 | $186,000 | $425,000 | $92,000 | $184,000 |
| Employment History | 15 | $2,365,000 | $157,000 | $335,000 | $34,000 | $79,000 |
| Unverifiable Information | 11 | $1,365,000 | $124,000 | $285,000 | $68,000 | $268,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $640,000 | $160,000 | $395,000 | $64,000 | $104,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tennessee Valley Federal C U's 2021 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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