Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2013
In 2013, Tennessee Valley Federal C U of Chattanooga, TN reported 1,017 mortgage applications totaling $124.1 million, down 13% from 2012. The average application was for $122,071, and applicants reported an average income of $73,123. 53% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Chattanooga, TN-GA (770), Cleveland, TN (102) and Dalton, GA (6) (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 | 1,017 |
| Total Mortgage Loan Application Amount | $124,147,000 |
| Average Mortgage Loan Application Amount | $122,071 |
| Highest Mortgage Loan Application Amount | $700,000 |
| Average Applicant Income | $73,123 |
| Highest Applicant Income | $678,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 770 | $ 96,719,000 | $ 125,609 | $ 74,785 |
| Cleveland, TN | 102 | $ 11,277,000 | $ 110,558 | $ 65,000 |
| Dalton, GA | 6 | $ 646,000 | $ 107,666 | $ 51,000 |
| Knoxville, TN | 6 | $ 1,004,000 | $ 167,333 | $ 81,000 |
| Atlanta-Sandy Springs-Marietta, GA | 3 | $ 779,000 | $ 259,666 | $ 95,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 928,000 | $ 309,333 | $ 129,000 |
| Lexington-Fayette, KY | 2 | $ 205,000 | $ 102,500 | $ 68,000 |
| Mobile, AL | 2 | $ 135,000 | $ 67,500 | $ 110,000 |
| Clarksville, TN-KY | 1 | $ 113,000 | $ 113,000 | $ 127,000 |
| Elizabethtown, KY | 1 | $ 100,000 | $ 100,000 | $ 65,000 |
| Erie, PA | 1 | $ 64,000 | $ 64,000 | $ 27,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 94,000 | $ 94,000 | $ 159,000 |
| Fresno, CA | 1 | $ 155,000 | $ 155,000 | $ 42,000 |
| Greensboro-High Point, NC | 1 | $ 130,000 | $ 130,000 | $ 56,000 |
| Greenville-Mauldin-Easley, SC | 1 | $ 160,000 | $ 160,000 | $ 59,000 |
| Gulfport-Biloxi, MS | 1 | $ 104,000 | $ 104,000 | $ 83,000 |
| Memphis, TN-MS-AR | 1 | $ 20,000 | $ 20,000 | $ 85,000 |
| Morristown, TN | 1 | $ 155,000 | $ 155,000 | $ 62,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 120,000 | $ 120,000 | $ 31,000 |
| Ocala, FL | 1 | $ 35,000 | $ 35,000 | $ 35,000 |
| Valdosta, GA | 1 | $ 143,000 | $ 143,000 | $ 26,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 101,000 | $ 101,000 | $ 83,000 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2013
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 | 636 | $68,875,000 | $108,000 | $580,000 | $72,000 | $403,000 |
| Home Purchase | 381 | $55,272,000 | $145,000 | $700,000 | $75,000 | $678,000 |
| Home Improvement | 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 | 908 | $111,888,000 | $123,000 | $700,000 | $74,000 | $678,000 |
| Black or African American | 61 | $6,392,000 | $104,000 | $376,000 | $70,000 | $235,000 |
| Hispanic | 22 | $2,119,000 | $96,000 | $200,000 | $50,000 | $114,000 |
| Asian | 11 | $1,746,000 | $158,000 | $334,000 | $64,000 | $139,000 |
| American Indian or Alaskan Native | 6 | $727,000 | $121,000 | $252,000 | $74,000 | $137,000 |
| Not Provided | 5 | $924,000 | $184,000 | $465,000 | $88,000 | $151,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $351,000 | $87,000 | $166,000 | $76,000 | $132,000 |
| Not applicable | 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) | 1,017 | $124,147,000 | $122,000 | $700,000 | $73,000 | $678,000 |
| 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 | 542 | $62,528,000 | $115,000 | $580,000 | $77,000 | $292,000 |
| Application Withdrawn By Applicant | 284 | $40,506,000 | $142,000 | $585,000 | $76,000 | $403,000 |
| Application Denied By Financial Institution | 179 | $19,983,000 | $111,000 | $700,000 | $59,000 | $678,000 |
| File Closed For Incompleteness | 7 | $549,000 | $78,000 | $120,000 | $42,000 | $98,000 |
| Preapproval Denied by Financial Institution | 5 | $581,000 | $116,000 | $183,000 | $43,000 | $122,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 71 | $7,558,000 | $106,000 | $700,000 | $64,000 | $678,000 |
| Debt-To-Income Ratio | 71 | $7,773,000 | $109,000 | $417,000 | $48,000 | $190,000 |
| Collateral | 29 | $3,483,000 | $120,000 | $334,000 | $70,000 | $161,000 |
| Employment History | 6 | $835,000 | $139,000 | $291,000 | $41,000 | $76,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $235,000 | $117,000 | $181,000 | $88,000 | $94,000 |
| Other | 1 | $84,000 | $84,000 | $84,000 | $85,000 | $85,000 |
| Unverifiable Information | 1 | $70,000 | $70,000 | $70,000 | $43,000 | $43,000 |
| 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 2013 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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