Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2014
In 2014, Tennessee Valley Federal C U of Chattanooga, TN reported 582 mortgage applications totaling $67.5 million, down 43% from 2013. The average application was for $116,010, and applicants reported an average income of $73,123. 59% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Chattanooga, TN-GA (433), Cleveland, TN (64) and Atlanta-Sandy Springs-Roswell, GA (3) (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 | 582 |
| Total Mortgage Loan Application Amount | $67,518,000 |
| Average Mortgage Loan Application Amount | $116,010 |
| Highest Mortgage Loan Application Amount | $513,000 |
| Average Applicant Income | $73,123 |
| Highest Applicant Income | $439,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Tennessee Valley Federal C U in 2014
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 | 342 | $35,847,000 | $104,000 | $513,000 | $69,000 | $439,000 |
| Home Purchase | 240 | $31,671,000 | $131,000 | $455,000 | $79,000 | $323,000 |
| 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 | 513 | $60,800,000 | $118,000 | $513,000 | $75,000 | $439,000 |
| Black or African American | 48 | $4,513,000 | $94,000 | $244,000 | $62,000 | $181,000 |
| Hispanic | 12 | $987,000 | $82,000 | $143,000 | $54,000 | $106,000 |
| Asian | 6 | $956,000 | $159,000 | $269,000 | $50,000 | $123,000 |
| American Indian or Alaskan Native | 2 | $235,000 | $117,000 | $135,000 | $64,000 | $95,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $27,000 | $27,000 | $27,000 | $41,000 | $41,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 582 | $67,518,000 | $116,000 | $513,000 | $73,000 | $439,000 |
| 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 | 344 | $40,764,000 | $118,000 | $513,000 | $79,000 | $439,000 |
| Application Denied By Financial Institution | 111 | $11,121,000 | $100,000 | $344,000 | $53,000 | $181,000 |
| Application Withdrawn By Applicant | 111 | $14,148,000 | $127,000 | $417,000 | $78,000 | $323,000 |
| File Closed For Incompleteness | 10 | $800,000 | $80,000 | $150,000 | $48,000 | $99,000 |
| Application Approved But Not Accepted | 5 | $585,000 | $117,000 | $180,000 | $75,000 | $172,000 |
| Preapproval Denied by Financial Institution | 1 | $100,000 | $100,000 | $100,000 | $39,000 | $39,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 50 | $5,091,000 | $101,000 | $301,000 | $45,000 | $181,000 |
| Credit History | 40 | $4,302,000 | $107,000 | $344,000 | $55,000 | $102,000 |
| Collateral | 16 | $1,277,000 | $79,000 | $190,000 | $72,000 | $123,000 |
| Employment History | 3 | $181,000 | $60,000 | $64,000 | $50,000 | $91,000 |
| Other | 1 | $160,000 | $160,000 | $160,000 | $69,000 | $69,000 |
| Unverifiable Information | 1 | $53,000 | $53,000 | $53,000 | $56,000 | $56,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 2014 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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