Tennessee Valley Mortgage Rates, Fees & Info

Chattanooga, TN

LEI: 5493007669OVCSCATP45

Tax ID: 62-0156595

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 11/21/24
30 Year Conventional Purchase 6.62% 11/21/24
30 Year Conventional Refi 6.63% 11/21/24
30 Year Cash-out Refi 6.82% 11/21/24
15 Year Conventional Purchase 6.24% 11/21/24
15 Year Conventional Refi 6.12% 11/21/24
15 Year Cash-out Refi 6.12% 11/21/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Tennessee Valley. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,285

Origination Dollar Volume (All Markets)

$217,705,000

Top 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%
Tennessee Valley's top markets include Chattanooga, Cleveland, Dayton, Dalton, and Athens among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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.

    SmartBank
    Similarity Rank: 1000
    F&M Bank
    Similarity Rank: 1235
    Simmons Bank
    Similarity Rank: 1240
    First Citizens National Bank
    Similarity Rank: 1302
    Citizens Tri-County Bank
    Similarity Rank: 1387
    CU COMMUNITY, LLC
    Similarity Rank: 1494
    Independent Bank
    Similarity Rank: 2850
    TENNESSEE VALLEY
    Similarity Rank: 3036
    South State Bank
    Similarity Rank: 3762
    COMMUNITY MORTGAGE CORPORATION
    Similarity Rank: 3770

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 473 $94,405,000 $199,588 $3,536 3.63%
    Cash Out Refi 424 $56,630,000 $133,561 $2,688 3.97%
    Refi 388 $66,670,000 $171,830 $3,075 3.13%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 396 $87,950,000 $222,096 $3,759 3.35%
    Other 362 $59,610,000 $164,669 $3,017 4.14%
    15 Year 315 $42,245,000 $134,111 $2,713 3.29%
    10 Year 86 $6,760,000 $78,605 $1,726 4.15%
    20 Year 76 $13,140,000 $172,895 $3,186 3.18%
    5 Year 46 $7,290,000 $158,478 $1,190 3.15%
    3 Year 4 $710,000 $177,500 $0 3.38%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 524 $79,250,000 $151,240
    $<1k 333 $24,985,000 $75,030
    $2k-3k 250 $61,300,000 $245,200
    $3k-4k 72 $23,660,000 $328,611
    $4k-5k 18 $7,840,000 $435,556
    $5k+ 9 $6,895,000 $766,111

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 560 $81,310,000 $145,196 $2,950 3.53%
    $200k-400k 348 $91,940,000 $264,195 $4,265 3.44%
    $100,000 or less 339 $21,885,000 $64,558 $1,794 3.88%
    $400k-600k 29 $13,615,000 $469,483 $6,065 3.42%
    $600k-1MM 6 $4,250,000 $708,333 $7,135 3.52%
    $1MM+ 3 $4,705,000 $1,568,333 $10,546 3.93%

    2020 saw Tennessee Valley place emphasis on $100k-200k loans with 560 originations, totaling $81,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 321 $45,425,000 $141,511 $2,872 3.63%
    $50k or less 284 $31,530,000 $111,021 $2,477 3.64%
    $100k-150k 260 $51,750,000 $199,038 $3,499 3.49%
    $75k-100k 232 $41,800,000 $180,172 $3,229 3.61%
    $150k-250k 101 $25,505,000 $252,525 $4,006 3.59%
    $250k+ 24 $10,720,000 $446,667 $5,552 3.36%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 327 $55,485,000 $169,679 $3,139 3.49%
    30-36% 211 $38,025,000 $180,213 $3,247 3.56%
    <20% 150 $22,120,000 $147,467 $2,952 3.22%
    37% 44 $6,350,000 $144,318 $2,855 3.74%
    46% 42 $6,390,000 $152,143 $2,942 3.84%
    44% 42 $6,950,000 $165,476 $3,128 3.84%
    42% 40 $6,410,000 $160,250 $3,111 3.71%
    39% 38 $7,110,000 $187,105 $3,269 3.77%
    40% 37 $6,475,000 $175,000 $3,103 3.64%
    45% 36 $6,290,000 $174,722 $3,050 3.87%
    36% 35 $6,125,000 $175,000 $3,273 3.71%
    48% 35 $6,115,000 $174,714 $3,150 3.87%
    47% 31 $5,415,000 $174,677 $3,068 3.90%
    49% 30 $4,620,000 $154,000 $2,810 4.16%
    41% 29 $4,435,000 $152,931 $3,012 3.81%
    38% 28 $5,090,000 $181,786 $3,315 3.45%
    43% 27 $5,395,000 $199,815 $3,323 3.64%
    50-60% 12 $2,460,000 $205,000 $2,661 3.96%
    >60% 5 $1,365,000 $273,000 $3,905 3.47%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,120 $192,420,000 $171,804 $3,140 3.58%
    Black 76 $9,820,000 $129,211 $2,650 3.79%
    Not applicable 53 $8,825,000 $166,509 $3,148 3.74%
    Not provided 20 $3,520,000 $176,000 $3,078 3.47%
    Asian 8 $1,300,000 $162,500 $3,554 3.13%
    American Indian 6 $860,000 $143,333 $2,646 3.91%
    Other Asian 1 $605,000 $605,000 $8,404 3.25%
    Asian Indian 1 $355,000 $355,000 $5,627 3.49%

    Approval Rates

    Total approvals of all applications
    91.33%

    Tennessee Valley has an average approval rate.

    Pick Rate

    Approvals leading to origination
    59.14%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $3,910,000 $651,667
    Single Family (1-4 Units):Manufactured 14 $930,000 $66,429
    Single Family (1-4 Units):Site-Built 1,265 $212,865,000 $168,273

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 121 $9,725,000 $80,372 $1,841 3.77%
    40-60% 182 $24,870,000 $136,648 $2,715 3.26%
    60-80% 401 $67,105,000 $167,344 $3,267 3.37%
    80-100% 519 $112,895,000 $217,524 $3,660 3.72%
    Over 100% 4 $860,000 $215,000 $0 3.76%
    Under 20% 58 $2,250,000 $38,793 $1,215 4.74%