Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2024
In 2024, Tennessee Valley Federal C U of Chattanooga, TN reported 2,354 mortgage applications totaling $374.7 million, down 4% from 2023. The average application was for $159,175, and applicants reported an average income of $111,960. 56% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Chattanooga, TN-GA (1,680), Cleveland, TN (291) and Dalton, GA (80) (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 | 2,354 |
| Total Mortgage Loan Application Amount | $374,700,000 |
| Average Mortgage Loan Application Amount | $159,175 |
| Highest Mortgage Loan Application Amount | $2,035,000 |
| Average Applicant Income | $111,960 |
| Highest Applicant Income | $2,400,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,680 | $ 264,600,000 | $ 157,500 | $ 113,679 |
| Cleveland, TN | 291 | $ 42,705,000 | $ 146,752 | $ 98,000 |
| Outside any metro area | 225 | $ 32,175,000 | $ 143,000 | $ 97,546 |
| Dalton, GA | 80 | $ 12,270,000 | $ 153,375 | $ 93,000 |
| Knoxville, TN | 18 | $ 4,210,000 | $ 233,888 | $ 137,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 15 | $ 5,115,000 | $ 341,000 | $ 115,000 |
| Atlanta-Sandy Springs-Roswell, GA | 10 | $ 3,680,000 | $ 368,000 | $ 280,000 |
| Marietta, GA | 5 | $ 1,845,000 | $ 369,000 | $ 121,000 |
| Birmingham-Hoover, AL | 3 | $ 685,000 | $ 228,333 | $ 97,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 1,605,000 | $ 535,000 | $ 991,000 |
| Clarksville, TN-KY | 2 | $ 340,000 | $ 170,000 | $ 94,000 |
| Morristown, TN | 2 | $ 350,000 | $ 175,000 | $ 72,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 1,080,000 | $ 540,000 | $ 200,000 |
| St. Louis, MO-IL | 2 | $ 900,000 | $ 450,000 | $ 196,000 |
| Anniston-Oxford-Jacksonville, AL | 1 | $ 185,000 | $ 185,000 | $ 68,000 |
| Athens-Clarke County, GA | 1 | $ 45,000 | $ 45,000 | $ 54,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 315,000 | $ 315,000 | $ 149,000 |
| Durham-Chapel Hill, NC | 1 | $ 405,000 | $ 405,000 | $ 117,000 |
| Greensboro-High Point, NC | 1 | $ 65,000 | $ 65,000 | $ 174,000 |
| Houma-Thibodaux, LA | 1 | $ 195,000 | $ 195,000 | $ 118,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 285,000 | $ 285,000 | $ 202,000 |
| Huntsville, AL | 1 | $ 205,000 | $ 205,000 | $ 247,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 95,000 | $ 95,000 | $ 205,000 |
| Jackson, MS | 1 | $ 305,000 | $ 305,000 | $ 146,000 |
| Jacksonville, FL | 1 | $ 275,000 | $ 275,000 | $ 110,000 |
| Lincoln, NE | 1 | $ 255,000 | $ 255,000 | $ 135,000 |
| Mobile, AL | 1 | $ 135,000 | $ 135,000 | $ 62,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 275,000 | $ 275,000 | $ 253,000 |
| Rome, GA | 1 | $ 55,000 | $ 55,000 | $ 41,000 |
| Tucson, AZ | 1 | $ 45,000 | $ 45,000 | $ 77,000 |
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2024
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 | 764 | $63,870,000 | $83,000 | $505,000 | $106,000 | $2,160,000 |
| Home Purchase | 601 | $181,135,000 | $301,000 | $2,035,000 | $122,000 | $1,089,000 |
| Other Purpose | 503 | $44,915,000 | $89,000 | $605,000 | $112,000 | $1,927,000 |
| Cash-out Refinancing | 402 | $63,800,000 | $158,000 | $735,000 | $103,000 | $635,000 |
| Refinancing | 84 | $20,980,000 | $249,000 | $1,655,000 | $137,000 | $2,400,000 |
| 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 | 1,871 | $292,765,000 | $156,000 | $1,655,000 | $111,000 | $2,400,000 |
| Not Provided | 185 | $27,115,000 | $146,000 | $735,000 | $128,000 | $1,788,000 |
| Black or African American | 143 | $19,925,000 | $139,000 | $595,000 | $86,000 | $312,000 |
| Hispanic | 77 | $14,005,000 | $181,000 | $595,000 | $119,000 | $696,000 |
| Not applicable | 35 | $12,095,000 | $345,000 | $2,035,000 | $0 | $0 |
| Asian | 28 | $7,190,000 | $256,000 | $1,935,000 | $165,000 | $840,000 |
| American Indian or Alaskan Native | 12 | $1,410,000 | $117,000 | $295,000 | $88,000 | $227,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $195,000 | $65,000 | $75,000 | $83,000 | $110,000 |
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) | 2,340 | $371,090,000 | $158,000 | $2,035,000 | $112,000 | $2,400,000 |
| VA-guaranteed (Veterans Administration) | 14 | $3,610,000 | $257,000 | $445,000 | $99,000 | $152,000 |
| 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 | 1,316 | $223,640,000 | $169,000 | $2,035,000 | $113,000 | $1,089,000 |
| Application Denied By Financial Institution | 592 | $79,500,000 | $134,000 | $1,655,000 | $99,000 | $2,160,000 |
| Application Withdrawn By Applicant | 415 | $67,265,000 | $162,000 | $745,000 | $127,000 | $2,400,000 |
| Application Approved But Not Accepted | 31 | $4,295,000 | $138,000 | $465,000 | $100,000 | $186,000 |
| 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 | 1,762 | $295,200,000 | $167,000 | $2,035,000 | $116,000 | $2,400,000 |
| Debt-To-Income Ratio | 256 | $39,060,000 | $152,000 | $1,655,000 | $64,000 | $500,000 |
| Credit History | 121 | $10,285,000 | $85,000 | $505,000 | $108,000 | $1,185,000 |
| Collateral | 85 | $12,245,000 | $144,000 | $725,000 | $148,000 | $2,160,000 |
| Credit Application Incomplete | 71 | $9,675,000 | $136,000 | $615,000 | $134,000 | $1,927,000 |
| Other | 38 | $4,600,000 | $121,000 | $605,000 | $139,000 | $2,108,000 |
| Unverifiable Information | 8 | $1,170,000 | $146,000 | $535,000 | $69,000 | $120,000 |
| Employment History | 7 | $975,000 | $139,000 | $305,000 | $43,000 | $186,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,490,000 | $248,000 | $475,000 | $84,000 | $140,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tennessee Valley Federal C U's 2024 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About