Tennessee Valley Mortgage Rates, Fees & Info
Chattanooga, TNLEI: 5493007669OVCSCATP45
Tax ID: 62-0156595
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Mortgage Data
Review & Overview
Tennessee Valley is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Tennessee Valley has a high proportion of conventional loans. Their top markets by origination volume include: Chattanooga, Cleveland, Dayton, Dalton, and Athens among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Tennessee Valley has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Tennessee Valley is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 6.62% | 4/21/24 |
| 30 Year Conventional Refi | 6.63% | 4/21/24 |
| 30 Year Cash-out Refi | 6.82% | 4/21/24 |
| 15 Year Conventional Purchase | 6.24% | 4/21/24 |
| 15 Year Conventional Refi | 6.12% | 4/21/24 |
| 15 Year Cash-out Refi | 6.12% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Tennessee Valley Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,285Origination Dollar Volume (All Markets)
$217,705,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 994 | $170,630,000 | $171,660 | $3,129 | 3.58% |
| CLEVELAND, TN (FHA|USDA|VA) | 158 | $25,600,000 | $162,025 | $3,001 | 3.63% |
| Dayton, TN (FHA|USDA|VA) | 25 | $3,915,000 | $156,600 | $3,080 | 3.74% |
| Outside of Metro Areas | 27 | $3,685,000 | $136,481 | $2,729 | 3.81% |
| DALTON, GA (FHA|USDA|VA) | 21 | $3,465,000 | $165,000 | $3,413 | 3.88% |
| Athens, TN (FHA|USDA|VA) | 20 | $2,620,000 | $131,000 | $2,755 | 3.55% |
| KNOXVILLE, TN (FHA|USDA|VA) | 11 | $2,355,000 | $214,091 | $3,306 | 3.31% |
| Scottsboro, AL (FHA|USDA|VA) | 7 | $1,035,000 | $147,857 | $3,218 | 3.71% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $3,511 | 3.97% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,527 | 3.19% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,220 | 3.31% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,779 | 3.75% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,088 | 3.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,325 | 3.99% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,046 | 3.24% |
| Fort Payne, AL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,563 | 4.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,204 | 3.50% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,954 | 3.49% |
| Summerville, GA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,487 | 3.99% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,461 | 3.38% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,586 | 2.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,085 | 3.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against TENNESSEE VALLEY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,285 | $217,705,000 | $169,420 | $3,114 | 3.59% |
For 2020, Tennessee Valley's most frequently originated type of loan was Conventional, with 1,285 originations.
Loan Reason
For 2020, Tennessee Valley's most frequently cited loan purpose was Home Purchase, with 473 originations. The 2nd most popular reason was Cash Out Refi, with 424 originations.
Loan Duration/Length
For 2020, Tennessee Valley's most frequently cited loan duration was 30 Year, with 396 originations. The 2nd most popular length was Other, with 362 originations.
Origination Fees/Closing Costs
Tennessee Valley's average total fees were $3,759, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 524 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 671 | $128,025,000 | $190,797 |
| 2.5-3% | 313 | $50,075,000 | $159,984 |
| 4-5% | 218 | $30,530,000 | $140,046 |
| 5-6% | 44 | $2,510,000 | $57,045 |
| <2.5% | 39 | $6,565,000 | $168,333 |
During 2020, Tennessee Valley's average interest rate for loans was 3.35%, while their most frequently originated rate bucket for loans was 3-4%, with 671 originations.
Loan Sizing
2020 saw Tennessee Valley place emphasis on $100k-200k loans with 560 originations, totaling $81,310,000 in origination value.
Applicant Income
Tennessee Valley lent most frequently to those with incomes in the $50k-75k range, with 321 originations. The second most popular income band? $50k or less, with 284 originations.
Applicant Debt to Income Ratio
Tennessee Valley lent most frequently to those with DTI ratios of 20-30%, with 327 originations. The next most common DTI ratio? 30-36%, with 211 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.33%
Tennessee Valley has an average approval rate.
Pick Rate
Approvals leading to origination59.14%
Tennessee Valley has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,285 | $217,705,000 | $169,420 |