Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2015
In 2015, Tennessee Valley Federal C U of Chattanooga, TN reported 748 mortgage applications totaling $87.4 million, up 29% from 2014. The average application was for $116,806, and applicants reported an average income of $78,026. 61% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Chattanooga, TN-GA (529), Cleveland, TN (86) and Dalton, GA (9) (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 | 748 |
| Total Mortgage Loan Application Amount | $87,371,000 |
| Average Mortgage Loan Application Amount | $116,806 |
| Highest Mortgage Loan Application Amount | $578,000 |
| Average Applicant Income | $78,026 |
| Highest Applicant Income | $480,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 529 | $ 64,622,000 | $ 122,158 | $ 82,198 |
| Cleveland, TN | 86 | $ 8,571,000 | $ 99,662 | $ 65,000 |
| Dalton, GA | 9 | $ 967,000 | $ 107,444 | $ 74,000 |
| Atlanta-Sandy Springs-Roswell, GA | 3 | $ 436,000 | $ 145,333 | $ 108,000 |
| Knoxville, TN | 3 | $ 402,000 | $ 134,000 | $ 110,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 296,000 | $ 296,000 | $ 85,000 |
| Gettysburg, PA | 1 | $ 176,000 | $ 176,000 | $ 70,000 |
| Morristown, TN | 1 | $ 84,000 | $ 84,000 | $ 39,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 80,000 | $ 80,000 | $ 58,000 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2015
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 | 458 | $48,930,000 | $106,000 | $562,000 | $77,000 | $411,000 |
| Home Purchase | 284 | $38,131,000 | $134,000 | $578,000 | $80,000 | $480,000 |
| Home Improvement | 6 | $310,000 | $51,000 | $144,000 | $63,000 | $97,000 |
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 | 662 | $77,499,000 | $117,000 | $578,000 | $79,000 | $480,000 |
| Black or African American | 53 | $5,557,000 | $104,000 | $408,000 | $64,000 | $172,000 |
| Hispanic | 16 | $1,900,000 | $118,000 | $313,000 | $69,000 | $188,000 |
| Not Provided | 7 | $805,000 | $115,000 | $157,000 | $51,000 | $93,000 |
| Asian | 6 | $1,126,000 | $187,000 | $295,000 | $83,000 | $201,000 |
| American Indian or Alaskan Native | 2 | $339,000 | $169,000 | $245,000 | $111,000 | $160,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $42,000 | $42,000 | $42,000 | $56,000 | $56,000 |
| Not applicable | 1 | $103,000 | $103,000 | $103,000 | $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) | 748 | $87,371,000 | $116,000 | $578,000 | $78,000 | $480,000 |
| 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 | 460 | $54,583,000 | $118,000 | $578,000 | $83,000 | $480,000 |
| Application Withdrawn By Applicant | 159 | $18,402,000 | $115,000 | $319,000 | $73,000 | $263,000 |
| Application Denied By Financial Institution | 118 | $13,091,000 | $110,000 | $383,000 | $64,000 | $228,000 |
| File Closed For Incompleteness | 10 | $1,176,000 | $117,000 | $179,000 | $71,000 | $115,000 |
| Application Approved But Not Accepted | 1 | $119,000 | $119,000 | $119,000 | $35,000 | $35,000 |
| 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 | 51 | $5,613,000 | $110,000 | $365,000 | $49,000 | $220,000 |
| Credit History | 41 | $4,576,000 | $111,000 | $256,000 | $71,000 | $228,000 |
| Collateral | 16 | $1,715,000 | $107,000 | $383,000 | $91,000 | $217,000 |
| Employment History | 4 | $524,000 | $131,000 | $223,000 | $48,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $112,000 | $112,000 | $112,000 | $54,000 | $54,000 |
| Other | 1 | $65,000 | $65,000 | $65,000 | $49,000 | $49,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2015 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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