Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2023
In 2023, Tennessee Valley Federal C U of Chattanooga, TN reported 2,448 mortgage applications totaling $374.8 million, down 20% from 2022. The average application was for $153,120, and applicants reported an average income of $113,891. 58% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Chattanooga, TN-GA (1,772), Cleveland, TN (339) and Dalton, GA (75) (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 | 2,448 |
| Total Mortgage Loan Application Amount | $374,840,000 |
| Average Mortgage Loan Application Amount | $153,120 |
| Highest Mortgage Loan Application Amount | $2,125,000 |
| Average Applicant Income | $113,891 |
| Highest Applicant Income | $4,564,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,772 | $ 269,530,000 | $ 152,104 | $ 115,477 |
| Cleveland, TN | 339 | $ 44,185,000 | $ 130,339 | $ 107,000 |
| Outside any metro area | 195 | $ 29,905,000 | $ 153,358 | $ 92,319 |
| Dalton, GA | 75 | $ 14,115,000 | $ 188,200 | $ 103,000 |
| Atlanta-Sandy Springs-Roswell, GA | 16 | $ 3,420,000 | $ 213,750 | $ 203,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 11 | $ 2,325,000 | $ 211,363 | $ 119,000 |
| Knoxville, TN | 10 | $ 2,960,000 | $ 296,000 | $ 188,000 |
| Huntsville, AL | 5 | $ 675,000 | $ 135,000 | $ 169,000 |
| Charlotte-Concord-Gastonia, NC-SC | 4 | $ 2,290,000 | $ 572,500 | $ 169,000 |
| Daphne-Fairhope-Foley, AL | 3 | $ 1,035,000 | $ 345,000 | $ 229,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 570,000 | $ 285,000 | $ 138,000 |
| Albany, GA | 1 | $ 15,000 | $ 15,000 | $ 95,000 |
| Beckley, WV | 1 | $ 55,000 | $ 55,000 | $ 100,000 |
| Birmingham-Hoover, AL | 1 | $ 35,000 | $ 35,000 | $ 70,000 |
| Cincinnati, OH-KY-IN | 1 | $ 625,000 | $ 625,000 | $ 384,000 |
| Columbus, GA-AL | 1 | $ 135,000 | $ 135,000 | $ 13,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 655,000 | $ 655,000 | $ 384,000 |
| Florence-Muscle Shoals, AL | 1 | $ 305,000 | $ 305,000 | $ 267,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 365,000 | $ 365,000 | $ 68,000 |
| Gary, IN | 1 | $ 65,000 | $ 65,000 | $ 32,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 125,000 | $ 125,000 | $ 80,000 |
| Lexington-Fayette, KY | 1 | $ 295,000 | $ 295,000 | $ 324,000 |
| Morristown, TN | 1 | $ 205,000 | $ 205,000 | $ 301,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 205,000 | $ 205,000 | $ 146,000 |
| Punta Gorda, FL | 1 | $ 295,000 | $ 295,000 | $ 104,000 |
| Richmond, VA | 1 | $ 25,000 | $ 25,000 | $ 62,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 425,000 | $ 425,000 | $ 0 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2023
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 |
|---|---|---|---|---|---|---|
| Home Improvement | 777 | $63,085,000 | $81,000 | $755,000 | $110,000 | $2,160,000 |
| Home Purchase | 668 | $193,370,000 | $289,000 | $1,745,000 | $127,000 | $1,901,000 |
| Other Purpose | 611 | $50,655,000 | $82,000 | $605,000 | $106,000 | $4,564,000 |
| Cash-out Refinancing | 339 | $55,295,000 | $163,000 | $2,125,000 | $109,000 | $1,345,000 |
| Refinancing | 53 | $12,435,000 | $234,000 | $1,105,000 | $128,000 | $1,360,000 |
| 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 | 1,894 | $284,240,000 | $150,000 | $1,205,000 | $116,000 | $4,564,000 |
| Not Provided | 222 | $32,940,000 | $148,000 | $725,000 | $115,000 | $1,901,000 |
| Black or African American | 163 | $19,955,000 | $122,000 | $1,415,000 | $90,000 | $825,000 |
| Hispanic | 76 | $12,310,000 | $161,000 | $825,000 | $90,000 | $263,000 |
| Not applicable | 59 | $18,335,000 | $310,000 | $2,125,000 | $0 | $0 |
| Asian | 15 | $3,755,000 | $250,000 | $595,000 | $113,000 | $229,000 |
| American Indian or Alaskan Native | 12 | $1,690,000 | $140,000 | $425,000 | $75,000 | $121,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 2,445 | $374,025,000 | $152,000 | $2,125,000 | $113,000 | $4,564,000 |
| VA-guaranteed (Veterans Administration) | 3 | $815,000 | $271,000 | $375,000 | $115,000 | $150,000 |
| 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 |
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 | 1,428 | $236,350,000 | $165,000 | $2,125,000 | $113,000 | $1,901,000 |
| Application Denied By Financial Institution | 513 | $62,935,000 | $122,000 | $845,000 | $94,000 | $4,564,000 |
| Application Withdrawn By Applicant | 486 | $72,520,000 | $149,000 | $1,205,000 | $136,000 | $2,160,000 |
| Application Approved But Not Accepted | 21 | $3,035,000 | $144,000 | $455,000 | $100,000 | $281,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 1,935 | $311,905,000 | $161,000 | $2,125,000 | $119,000 | $2,160,000 |
| Debt-To-Income Ratio | 198 | $27,500,000 | $138,000 | $655,000 | $65,000 | $287,000 |
| Credit History | 118 | $9,600,000 | $81,000 | $505,000 | $106,000 | $1,510,000 |
| Credit Application Incomplete | 76 | $9,680,000 | $127,000 | $845,000 | $91,000 | $360,000 |
| Collateral | 58 | $7,550,000 | $130,000 | $725,000 | $186,000 | $4,564,000 |
| Other | 35 | $4,275,000 | $122,000 | $405,000 | $91,000 | $301,000 |
| Unverifiable Information | 23 | $3,895,000 | $169,000 | $725,000 | $66,000 | $187,000 |
| Employment History | 4 | $230,000 | $57,000 | $75,000 | $78,000 | $170,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $205,000 | $205,000 | $205,000 | $116,000 | $116,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tennessee Valley Federal C U's 2023 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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