Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2007
In 2007, Tennessee Valley Federal C U of Chattanooga, TN reported 420 mortgage applications totaling $47.3 million, down 18% from 2006. The average application was for $112,580, and applicants reported an average income of $61,990. 66% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Chattanooga, TN-GA (335), Cleveland, TN (28) and Atlanta-Sandy Springs-Marietta, GA (4) (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 | 420 |
| Total Mortgage Loan Application Amount | $47,284,000 |
| Average Mortgage Loan Application Amount | $112,580 |
| Highest Mortgage Loan Application Amount | $513,000 |
| Average Applicant Income | $61,990 |
| Highest Applicant Income | $216,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chattanooga, TN-GA | 335 | $ 37,374,000 | $ 111,564 | $ 61,074 |
| Cleveland, TN | 28 | $ 2,854,000 | $ 101,928 | $ 63,000 |
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 740,000 | $ 185,000 | $ 107,000 |
| Dalton, GA | 4 | $ 427,000 | $ 106,750 | $ 61,000 |
| Anderson, SC | 1 | $ 200,000 | $ 200,000 | $ 64,000 |
| Edison, NJ | 1 | $ 320,000 | $ 320,000 | $ 57,000 |
| Florence-Muscle Shoals, AL | 1 | $ 65,000 | $ 65,000 | $ 86,000 |
| Jackson, TN | 1 | $ 88,000 | $ 88,000 | $ 81,000 |
| Knoxville, TN | 1 | $ 83,000 | $ 83,000 | $ 76,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 227,000 | $ 227,000 | $ 64,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 206,000 | $ 206,000 | $ 104,000 |
| Reading, PA | 1 | $ 188,000 | $ 188,000 | $ 119,000 |
| Rome, GA | 1 | $ 100,000 | $ 100,000 | $ 114,000 |
| Savannah, GA | 1 | $ 50,000 | $ 50,000 | $ 55,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 180,000 | $ 180,000 | $ 65,000 |
| Winston-Salem, NC | 1 | $ 101,000 | $ 101,000 | $ 62,000 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2007
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 | 227 | $20,989,000 | $92,000 | $417,000 | $64,000 | $216,000 |
| Home Purchase | 189 | $26,112,000 | $138,000 | $513,000 | $60,000 | $203,000 |
| Home Improvement | 4 | $183,000 | $45,000 | $75,000 | $42,000 | $78,000 |
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 | 380 | $43,363,000 | $114,000 | $513,000 | $62,000 | $216,000 |
| Black or African American | 26 | $2,565,000 | $98,000 | $196,000 | $65,000 | $169,000 |
| Hispanic | 6 | $751,000 | $125,000 | $242,000 | $56,000 | $137,000 |
| Asian | 4 | $100,000 | $25,000 | $37,000 | $67,000 | $81,000 |
| Not Provided | 2 | $281,000 | $140,000 | $221,000 | $81,000 | $88,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $224,000 | $112,000 | $120,000 | $57,000 | $73,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 420 | $47,284,000 | $112,000 | $513,000 | $62,000 | $216,000 |
| 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 | 277 | $29,440,000 | $106,000 | $513,000 | $65,000 | $203,000 |
| Application Withdrawn By Applicant | 79 | $10,268,000 | $129,000 | $417,000 | $61,000 | $216,000 |
| Application Denied By Financial Institution | 59 | $7,230,000 | $122,000 | $417,000 | $50,000 | $169,000 |
| Application Approved But Not Accepted | 3 | $132,000 | $44,000 | $72,000 | $70,000 | $134,000 |
| File Closed For Incompleteness | 2 | $214,000 | $107,000 | $139,000 | $62,000 | $85,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 27 | $3,050,000 | $112,000 | $417,000 | $53,000 | $169,000 |
| Debt-To-Income Ratio | 24 | $3,419,000 | $142,000 | $326,000 | $41,000 | $128,000 |
| Collateral | 7 | $691,000 | $98,000 | $235,000 | $66,000 | $123,000 |
| Employment History | 1 | $70,000 | $70,000 | $70,000 | $43,000 | $43,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tennessee Valley Federal C U's 2007 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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