Mountain Valley Bank Mortgage Rates, Fees & Info

Dunlap, TN

LEI: 549300VTVP64BKEO3L58

Tax ID: 62-0352350

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

Review & Overview

Mountain Valley Bank is a smaller bank specializing in Refi and Home Purchase loans. Mountain Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chattanooga, Tullahoma, Knoxville, Nashville, and Dayton among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Mountain Valley Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

Origination Dollar Volume (All Markets)

$21,750,000

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)	50	$13,780,000	$275,600	$0	0.00%
Outside of Metro Areas	30	$4,690,000	$156,333	$0	0.00%
Tullahoma-Manchester, TN (FHA\|USDA\|VA)	9	$2,505,000	$278,333	$0	0.00%
KNOXVILLE, TN (FHA\|USDA\|VA)	2	$290,000	$145,000	$0	0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	0.00%
Dayton, TN (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	0.00%
JACKSON, TN (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	0.00%

Mountain Valley Bank's top markets include Chattanooga, Tullahoma, Knoxville, Nashville, and Dayton among others.

Their top states include:

Tennessee (FHA|USDA|VA)

Georgia (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	94	$21,750,000	$231,383	$0	0.00%

For 2022, Mountain Valley Bank's most frequently originated type of loan was Conventional, with 94 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	48	$7,560,000	$157,500	$0	0.00%
Home Purchase	37	$12,355,000	$333,919	$0	0.00%
Other	8	$1,790,000	$223,750	$0	0.00%
Home Improvement	1	$45,000	$45,000	$0	0.00%

For 2022, Mountain Valley Bank's most frequently cited loan purpose was Refi, with 48 originations. The 2nd most popular reason was Home Purchase, with 37 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	94	$21,750,000	$231,383	$0	0.00%

For 2022, Mountain Valley Bank's most frequently cited loan duration was Other, with 94 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	33	$4,915,000	$148,939	$0	0.00%
$100,000 or less	26	$1,520,000	$58,462	$0	0.00%
$200k-400k	25	$6,735,000	$269,400	$0	0.00%
$400k-600k	5	$2,525,000	$505,000	$0	0.00%
$600k-1MM	3	$2,305,000	$768,333	$0	0.00%
$1MM+	2	$3,750,000	$1,875,000	$0	0.00%

2022 saw Mountain Valley Bank place emphasis on $100k-200k loans with 33 originations, totaling $4,915,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	22	$2,100,000	$95,455	$0	0.00%
$100k-150k	20	$7,800,000	$390,000	$0	0.00%
$75k-100k	19	$2,875,000	$151,316	$0	0.00%
$50k-75k	18	$3,620,000	$201,111	$0	0.00%
$150k-250k	6	$1,630,000	$271,667	$0	0.00%
$250k+	2	$880,000	$440,000	$0	0.00%

Mountain Valley Bank lent most frequently to those with incomes in the $50k or less range, with 22 originations. The second most popular income band? $100k-150k, with 20 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	94	$21,750,000	$231,383	$0	0.00%

Mountain Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 94 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	78	$13,680,000	$175,385	$0	0.00%
Not applicable	8	$3,130,000	$391,250	$0	0.00%
Black	4	$2,730,000	$682,500	$0	0.00%
Not provided	3	$1,985,000	$661,667	$0	0.00%
Native Hawaiian or Islander	1	$225,000	$225,000	$0	0.00%

Approval Rates

Total approvals of all applications
90.18%

Mountain Valley Bank has an average approval rate.

Pick Rate

Approvals leading to origination
93.62%

Mountain Valley Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	94	$21,750,000	$231,383

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	94	$21,750,000	$231,383

Complaints

Bank Name	Product	Issue	2022 CPFB Complaints	% of Total Issues
MOUNTAIN AMERICA FEDERAL CREDIT UNION	Home equity loan or line of credit (HELOC)	Applying for a mortgage or refinancing an existing mortgage	1	100.0%