The Tennessee Credit Union Mortgage Rates, Fees & Info
NASHVILLE, TNLEI: 549300YUZCW5UUIYIL79
Tax ID: 62-0526770
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Tennessee Credit Union is a smaller credit union specializing in Home Purchase loans. The Tennessee Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Crossville, Cookeville, Cleveland, and Chattanooga among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)The Tennessee Credit Union 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.
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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Originations
73Origination Dollar Volume (All Markets)
$12,575,000Top 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 |
|---|---|---|---|---|---|
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 47 | $8,705,000 | $185,213 | $0 | 0.00% |
| Crossville, TN (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $0 | 0.00% |
| Cookeville, TN (FHA|USDA|VA) | 8 | $670,000 | $83,750 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $170,000 | $85,000 | $0 | 0.00% |
| Athens, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against THE TENNESSEE CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 510
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Similarity Rank: 1392
Similarity Rank: 1485
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Similarity Rank: 1672
Similarity Rank: 2023
Similarity Rank: 2172
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 73 | $12,575,000 | $172,260 | $0 | 0.00% |
For 2024, The Tennessee Credit Union's most frequently originated type of loan was Conventional, with 73 originations.
Loan Reason
For 2024, The Tennessee Credit Union's most frequently cited loan purpose was Other, with 36 originations. The 2nd most popular reason was Home Purchase, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 73 | $12,575,000 | $172,260 | $0 | 0.00% |
For 2024, The Tennessee Credit Union's most frequently cited loan duration was Other, with 73 originations.
Loan Sizing
2024 saw The Tennessee Credit Union place emphasis on $100,000 or less loans with 39 originations, totaling $1,845,000 in origination value.
Applicant Income
The Tennessee Credit Union lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $150k-250k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 73 | $12,575,000 | $172,260 | $0 | 0.00% |
The Tennessee Credit Union lent most frequently to those with DTI ratios of Exempt%, with 73 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.15%
The Tennessee Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination61.64%
The Tennessee Credit Union 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 |
|---|---|---|---|
| Exempt | 73 | $12,575,000 | $172,260 |