Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2022
In 2022, Tennessee Valley Federal C U of Chattanooga, TN reported 3,069 mortgage applications totaling $488.7 million, up 23% from 2021. The average application was for $159,245, and applicants reported an average income of $102,765. 65% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Chattanooga, TN-GA (2,290), Cleveland, TN (384) and Dalton, GA (65) (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 | 3,069 |
| Total Mortgage Loan Application Amount | $488,725,000 |
| Average Mortgage Loan Application Amount | $159,245 |
| Highest Mortgage Loan Application Amount | $3,605,000 |
| Average Applicant Income | $102,765 |
| Highest Applicant Income | $3,423,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 2,290 | $ 361,770,000 | $ 157,978 | $ 105,178 |
| Cleveland, TN | 384 | $ 59,630,000 | $ 155,286 | $ 90,000 |
| Outside any metro area | 245 | $ 34,735,000 | $ 141,775 | $ 86,183 |
| Dalton, GA | 65 | $ 10,905,000 | $ 167,769 | $ 78,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 19 | $ 3,585,000 | $ 188,684 | $ 164,000 |
| Knoxville, TN | 14 | $ 3,720,000 | $ 265,714 | $ 169,000 |
| Atlanta-Sandy Springs-Roswell, GA | 12 | $ 2,090,000 | $ 174,166 | $ 109,000 |
| Crestview-Fort Walton Beach-Destin, FL | 6 | $ 2,640,000 | $ 440,000 | $ 489,000 |
| Birmingham-Hoover, AL | 5 | $ 515,000 | $ 103,000 | $ 60,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 660,000 | $ 330,000 | $ 152,000 |
| Huntsville, AL | 2 | $ 150,000 | $ 75,000 | $ 111,000 |
| Jacksonville, FL | 2 | $ 540,000 | $ 270,000 | $ 133,000 |
| Memphis, TN-MS-AR | 2 | $ 450,000 | $ 225,000 | $ 223,000 |
| Morristown, TN | 2 | $ 200,000 | $ 100,000 | $ 92,000 |
| Panama City, FL | 2 | $ 1,880,000 | $ 940,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 860,000 | $ 430,000 | $ 103,000 |
| Athens-Clarke County, GA | 1 | $ 325,000 | $ 325,000 | $ 135,000 |
| Bowling Green, KY | 1 | $ 85,000 | $ 85,000 | $ 382,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 395,000 | $ 395,000 | $ 176,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 355,000 | $ 355,000 | $ 69,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 45,000 | $ 45,000 | $ 102,000 |
| Johnson City, TN | 1 | $ 865,000 | $ 865,000 | $ 232,000 |
| Lakeland-Winter Haven, FL | 1 | $ 35,000 | $ 35,000 | $ 85,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 525,000 | $ 525,000 | $ 164,000 |
| Mobile, AL | 1 | $ 315,000 | $ 315,000 | $ 114,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 495,000 | $ 495,000 | $ 136,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 555,000 | $ 555,000 | $ 177,000 |
| Pittsburgh, PA | 1 | $ 115,000 | $ 115,000 | $ 69,000 |
| Rome, GA | 1 | $ 135,000 | $ 135,000 | $ 153,000 |
| Tuscaloosa, AL | 1 | $ 85,000 | $ 85,000 | $ 99,000 |
| Valdosta, GA | 1 | $ 65,000 | $ 65,000 | $ 0 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2022
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 1,271 | $114,585,000 | $90,000 | $705,000 | $104,000 | $1,903,000 |
| Home Purchase | 892 | $243,800,000 | $273,000 | $3,605,000 | $108,000 | $1,142,000 |
| Cash-out Refinancing | 591 | $98,315,000 | $166,000 | $1,125,000 | $93,000 | $3,423,000 |
| Home Improvement | 198 | $14,160,000 | $71,000 | $505,000 | $105,000 | $2,724,000 |
| Refinancing | 117 | $17,865,000 | $152,000 | $585,000 | $95,000 | $1,294,000 |
| 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 | 2,274 | $353,830,000 | $155,000 | $1,445,000 | $100,000 | $1,440,000 |
| Not Provided | 376 | $61,520,000 | $163,000 | $3,605,000 | $109,000 | $2,724,000 |
| Black or African American | 185 | $25,705,000 | $138,000 | $765,000 | $100,000 | $1,903,000 |
| Not applicable | 98 | $23,840,000 | $243,000 | $1,235,000 | $0 | $0 |
| Hispanic | 72 | $11,960,000 | $166,000 | $415,000 | $79,000 | $206,000 |
| American Indian or Alaskan Native | 33 | $4,225,000 | $128,000 | $455,000 | $139,000 | $1,294,000 |
| Asian | 19 | $5,025,000 | $264,000 | $795,000 | $122,000 | $291,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $45,000 | $45,000 | $45,000 | $93,000 | $93,000 |
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) | 3,069 | $488,725,000 | $159,000 | $3,605,000 | $103,000 | $3,423,000 |
| 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 | 1,999 | $342,925,000 | $171,000 | $1,685,000 | $102,000 | $1,142,000 |
| Application Withdrawn By Applicant | 527 | $79,995,000 | $151,000 | $1,445,000 | $122,000 | $3,423,000 |
| Application Denied By Financial Institution | 519 | $63,345,000 | $122,000 | $3,605,000 | $85,000 | $1,903,000 |
| Application Approved But Not Accepted | 21 | $2,115,000 | $100,000 | $405,000 | $82,000 | $138,000 |
| Loan Purchased By The Institution | 3 | $345,000 | $115,000 | $175,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 2,550 | $425,380,000 | $166,000 | $1,685,000 | $106,000 | $3,423,000 |
| Debt-To-Income Ratio | 176 | $26,630,000 | $151,000 | $3,605,000 | $59,000 | $406,000 |
| Credit History | 96 | $6,300,000 | $65,000 | $275,000 | $94,000 | $1,116,000 |
| Collateral | 80 | $11,150,000 | $139,000 | $495,000 | $102,000 | $978,000 |
| Credit Application Incomplete | 64 | $7,320,000 | $114,000 | $305,000 | $87,000 | $610,000 |
| Other | 62 | $6,620,000 | $106,000 | $585,000 | $134,000 | $1,903,000 |
| Unverifiable Information | 21 | $2,035,000 | $96,000 | $245,000 | $54,000 | $125,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 13 | $2,625,000 | $201,000 | $385,000 | $116,000 | $300,000 |
| Employment History | 7 | $665,000 | $95,000 | $255,000 | $41,000 | $120,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tennessee Valley Federal C U's 2022 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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