Tennessee Valley Federal C U Mortgage Lending & HMDA Data, 2021
In 2021, Tennessee Valley Federal C U of Chattanooga, TN reported 2,496 mortgage applications totaling $441.3 million, up 25% from 2020. The average application was for $176,810, and applicants reported an average income of $99,165. 65% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Chattanooga, TN-GA (1,860), Cleveland, TN (309) and Dalton, GA (38) (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 | 2,496 |
| Total Mortgage Loan Application Amount | $441,320,000 |
| Average Mortgage Loan Application Amount | $176,810 |
| Highest Mortgage Loan Application Amount | $2,965,000 |
| Average Applicant Income | $99,165 |
| Highest Applicant Income | $4,080,000 |
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records Tennessee Valley Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2021
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 Purchase | 876 | $192,320,000 | $219,000 | $2,965,000 | $104,000 | $1,933,000 |
| Cash-out Refinancing | 738 | $129,350,000 | $175,000 | $2,605,000 | $94,000 | $2,221,000 |
| Refinancing | 605 | $98,225,000 | $162,000 | $1,245,000 | $99,000 | $2,040,000 |
| Other Purpose | 276 | $21,310,000 | $77,000 | $585,000 | $98,000 | $4,080,000 |
| Home Improvement | 1 | $115,000 | $115,000 | $115,000 | $0 | $0 |
| 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 | 1,890 | $331,510,000 | $175,000 | $1,335,000 | $101,000 | $4,080,000 |
| Not Provided | 252 | $47,380,000 | $188,000 | $2,965,000 | $105,000 | $1,933,000 |
| Black or African American | 180 | $28,430,000 | $157,000 | $525,000 | $77,000 | $765,000 |
| Not applicable | 86 | $19,640,000 | $228,000 | $2,605,000 | $0 | $0 |
| Hispanic | 51 | $8,415,000 | $165,000 | $425,000 | $82,000 | $268,000 |
| American Indian or Alaskan Native | 17 | $2,555,000 | $150,000 | $395,000 | $112,000 | $598,000 |
| Asian | 16 | $2,870,000 | $179,000 | $345,000 | $98,000 | $198,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $115,000 | $115,000 | $115,000 | $106,000 | $106,000 |
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) | 2,496 | $441,320,000 | $176,000 | $2,965,000 | $99,000 | $4,080,000 |
| 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 | 1,624 | $298,320,000 | $183,000 | $2,965,000 | $89,000 | $1,933,000 |
| Application Withdrawn By Applicant | 485 | $85,365,000 | $176,000 | $755,000 | $145,000 | $2,221,000 |
| Application Denied By Financial Institution | 302 | $43,280,000 | $143,000 | $835,000 | $81,000 | $4,080,000 |
| File Closed For Incompleteness | 64 | $10,890,000 | $170,000 | $885,000 | $95,000 | $864,000 |
| Application Approved But Not Accepted | 21 | $3,465,000 | $165,000 | $355,000 | $68,000 | $134,000 |
| 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 | 2,194 | $398,040,000 | $181,000 | $2,965,000 | $102,000 | $2,221,000 |
| Debt-To-Income Ratio | 108 | $17,240,000 | $159,000 | $835,000 | $47,000 | $315,000 |
| Credit History | 71 | $8,685,000 | $122,000 | $605,000 | $75,000 | $376,000 |
| Collateral | 50 | $6,510,000 | $130,000 | $435,000 | $91,000 | $374,000 |
| Other | 24 | $2,940,000 | $122,000 | $305,000 | $260,000 | $4,080,000 |
| Credit Application Incomplete | 19 | $3,535,000 | $186,000 | $425,000 | $92,000 | $184,000 |
| Employment History | 15 | $2,365,000 | $157,000 | $335,000 | $34,000 | $79,000 |
| Unverifiable Information | 11 | $1,365,000 | $124,000 | $285,000 | $68,000 | $268,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $640,000 | $160,000 | $395,000 | $64,000 | $104,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tennessee Valley Federal C U's 2021 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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