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 loans. Tennessee Valley has a high proportion of conventional loans. Their top markets by origination volume include: Chattanooga, Cleveland, Dalton, Athens, and Dayton among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)Tennessee Valley has an 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 an average 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% | 5/5/24 |
| 30 Year Conventional Purchase | 6.62% | 5/5/24 |
| 30 Year Conventional Refi | 6.63% | 5/5/24 |
| 30 Year Cash-out Refi | 6.82% | 5/5/24 |
| 15 Year Conventional Purchase | 6.24% | 5/5/24 |
| 15 Year Conventional Refi | 6.12% | 5/5/24 |
| 15 Year Cash-out Refi | 6.12% | 5/5/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,999Origination Dollar Volume (All Markets)
$342,925,000Awards
TENNESSEE VALLEY - 2022
TENNESSEE VALLEY is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 1,496 | $251,480,000 | $168,102 | $3,840 | 5.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 250 | $41,920,000 | $167,680 | $3,595 | 5.18% |
| DALTON, GA (FHA|USDA|VA) | 38 | $7,520,000 | $197,895 | $4,124 | 4.72% |
| Athens, TN (FHA|USDA|VA) | 57 | $7,255,000 | $127,281 | $3,033 | 5.06% |
| Dayton, TN (FHA|USDA|VA) | 35 | $6,445,000 | $184,143 | $3,792 | 4.95% |
| Outside of Metro Areas | 39 | $5,915,000 | $151,667 | $3,281 | 5.39% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 13 | $3,265,000 | $251,154 | $5,524 | 5.11% |
| KNOXVILLE, TN (FHA|USDA|VA) | 8 | $2,780,000 | $347,500 | $6,424 | 4.48% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 6 | $2,640,000 | $440,000 | $7,059 | 4.14% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $1,880,000 | $940,000 | $0 | 4.25% |
| Scottsboro, AL (FHA|USDA|VA) | 9 | $1,235,000 | $137,222 | $3,193 | 5.32% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $4,273 | 4.69% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $9,247 | 5.38% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $7,779 | 4.11% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $8,147 | 4.37% |
| Calhoun, GA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $4,544 | 4.68% |
| Fort Payne, AL (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $3,243 | 5.24% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $6,684 | 4.37% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $9,387 | 5.18% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $5,288 | 5.24% |
| Summerville, GA (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $2,206 | 5.49% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,948 | 4.86% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,363 | 5.34% |
| Cookeville, TN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,617 | 5.22% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,567 | 3.74% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,317 | 5.33% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.50% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,419 | 5.25% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $1,979 | 5.34% |
| Crossville, TN (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $1,750 | 4.55% |
| ROME, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,373 | 4.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,684 | 5.12% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.50% |
| London, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,685 | 5.81% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.46% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,740 | 3.98% |
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 | 1,302 | $272,530,000 | $209,316 | $3,828 | 4.95% |
| HELOC | 697 | $70,395,000 | $100,997 | n/a | 5.16% |
For 2022, Tennessee Valley's most frequently originated type of loan was Conventional, with 1,302 originations. Their 2nd most popular type was HELOC, with 697 originations.
Loan Reason
For 2022, Tennessee Valley's most frequently cited loan purpose was Other, with 730 originations. The 2nd most popular reason was Home Purchase, with 687 originations.
Loan Duration/Length
For 2022, Tennessee Valley's most frequently cited loan duration was 20 Year, with 694 originations. The 2nd most popular length was 30 Year, with 568 originations.
Origination Fees/Closing Costs
Tennessee Valley's average total fees were $4,898, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 309 originations.
Interest Rates
During 2022, Tennessee Valley's average interest rate for loans was 4.31%, while their most frequently originated rate bucket for loans was 3-4%, with 553 originations.
Loan Sizing
2022 saw Tennessee Valley place emphasis on $100,000 or less loans with 779 originations, totaling $43,575,000 in origination value.
Applicant Income
Tennessee Valley lent most frequently to those with incomes in the $50k-75k range, with 463 originations. The second most popular income band? $100k-150k, with 452 originations.
Applicant Debt to Income Ratio
Tennessee Valley lent most frequently to those with DTI ratios of 30-36%, with 307 originations. The next most common DTI ratio? 20-30%, with 294 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.09%
Tennessee Valley has a below average approval rate.
Pick Rate
Approvals leading to origination72.59%
Tennessee Valley has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,999 | $342,925,000 | $171,548 |