Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2020
In 2020, Tennessee Valley Federal C U of Chattanooga, TN reported 1,996 mortgage applications totaling $328.5 million, up 53% from 2019. The average application was for $164,599, and applicants reported an average income of $92,272. 64% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Chattanooga, TN-GA (1,556), Cleveland, TN (229) and Dalton, GA (40) (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 | 1,996 |
| Total Mortgage Loan Application Amount | $328,540,000 |
| Average Mortgage Loan Application Amount | $164,599 |
| Highest Mortgage Loan Application Amount | $1,995,000 |
| Average Applicant Income | $92,272 |
| Highest Applicant Income | $3,480,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,556 | $ 262,180,000 | $ 168,496 | $ 96,347 |
| Cleveland, TN | 229 | $ 34,765,000 | $ 151,812 | $ 76,000 |
| Outside any metro area | 132 | $ 17,840,000 | $ 135,151 | $ 73,090 |
| Dalton, GA | 40 | $ 5,660,000 | $ 141,500 | $ 99,000 |
| Knoxville, TN | 13 | $ 2,715,000 | $ 208,846 | $ 97,000 |
| Atlanta-Sandy Springs-Roswell, GA | 6 | $ 1,350,000 | $ 225,000 | $ 100,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 6 | $ 1,020,000 | $ 170,000 | $ 117,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 110,000 | $ 55,000 | $ 26,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 260,000 | $ 130,000 | $ 75,000 |
| Savannah, GA | 2 | $ 760,000 | $ 380,000 | $ 125,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 295,000 | $ 295,000 | $ 92,000 |
| Huntsville, AL | 1 | $ 195,000 | $ 195,000 | $ 68,000 |
| Jacksonville, FL | 1 | $ 105,000 | $ 105,000 | $ 58,000 |
| Lakeland-Winter Haven, FL | 1 | $ 225,000 | $ 225,000 | $ 147,000 |
| Memphis, TN-MS-AR | 1 | $ 85,000 | $ 85,000 | $ 59,000 |
| Mobile, AL | 1 | $ 375,000 | $ 375,000 | $ 109,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 305,000 | $ 305,000 | $ 142,000 |
| Panama City, FL | 1 | $ 295,000 | $ 295,000 | $ 83,000 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2020
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 711 | $94,125,000 | $132,000 | $1,825,000 | $90,000 | $2,968,000 |
| Refinancing | 645 | $110,935,000 | $171,000 | $1,995,000 | $103,000 | $3,480,000 |
| Home Purchase | 631 | $122,915,000 | $194,000 | $695,000 | $84,000 | $525,000 |
| Other Purpose | 9 | $565,000 | $62,000 | $125,000 | $83,000 | $185,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 1,682 | $281,890,000 | $167,000 | $1,995,000 | $94,000 | $3,480,000 |
| Black or African American | 125 | $15,175,000 | $121,000 | $455,000 | $63,000 | $200,000 |
| Not Provided | 75 | $12,025,000 | $160,000 | $535,000 | $108,000 | $1,633,000 |
| Not applicable | 52 | $8,710,000 | $167,000 | $1,605,000 | $0 | $0 |
| Hispanic | 34 | $5,710,000 | $167,000 | $695,000 | $96,000 | $525,000 |
| Asian | 15 | $2,385,000 | $159,000 | $425,000 | $79,000 | $278,000 |
| American Indian or Alaskan Native | 9 | $1,375,000 | $152,000 | $225,000 | $85,000 | $132,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $85,000 | $85,000 | $85,000 | $76,000 | $76,000 |
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) | 1,996 | $328,540,000 | $164,000 | $1,995,000 | $92,000 | $3,480,000 |
| 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 | 1,285 | $217,705,000 | $169,000 | $1,995,000 | $90,000 | $776,000 |
| Application Withdrawn By Applicant | 484 | $80,720,000 | $166,000 | $1,825,000 | $108,000 | $3,480,000 |
| Application Denied By Financial Institution | 173 | $22,015,000 | $127,000 | $565,000 | $73,000 | $656,000 |
| Application Approved But Not Accepted | 41 | $6,175,000 | $150,000 | $475,000 | $81,000 | $239,000 |
| File Closed For Incompleteness | 13 | $1,925,000 | $148,000 | $255,000 | $89,000 | $250,000 |
| 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 | 1,823 | $306,525,000 | $168,000 | $1,995,000 | $94,000 | $3,480,000 |
| Debt-To-Income Ratio | 67 | $9,265,000 | $138,000 | $565,000 | $53,000 | $123,000 |
| Credit History | 39 | $3,915,000 | $100,000 | $385,000 | $69,000 | $228,000 |
| Other | 32 | $4,320,000 | $135,000 | $365,000 | $115,000 | $656,000 |
| Collateral | 27 | $3,815,000 | $141,000 | $345,000 | $84,000 | $194,000 |
| Unverifiable Information | 5 | $505,000 | $101,000 | $155,000 | $45,000 | $78,000 |
| Employment History | 3 | $195,000 | $65,000 | $95,000 | $50,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 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 2020 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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