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Knoxville TVA Employees Credit Union

Knoxville, TN

Knoxville TVA Employees Credit Union processed 2,223 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,756 loans with a 5.8% denial rate. Cash-out Refinancing was the primary loan purpose. Based in Knoxville, TN. The approval rate of 79.0% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Knoxville TVA Employees Credit Union's 79.0% origination rate tells you how often an application turned into funded money; the 5.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,217 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

2,223
Applications
1,756
Originated
5.8%
Denial Rate
$123,133
Avg Loan Amount
Avg Interest Rate: 6.842% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,217 1,756 128 $122,808
USDA 4 0 1 $225,000
FHA 1 0 0 $225,000
VA 1 0 0 $335,000

Top loan types - Knoxville TVA Employees Credit Union

Top loan types - Knoxville TVA Employees Credit Union Horizontal bar chart of the top 4 items by value (applications). Top loan types - Knoxville TVA Employees Credit Union Top 4 1. Conventional 2,217 2. USDA 4 3. FHA 1 4. VA 1 Top 5 loan types by application volume at Knoxville TVA Employees Credit Union (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Knoxville TVA Employees Credit Union (LEI: 54930074H8866HTIWU69) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
55
Debt-to-income ratio
40
Collateral
32
Other
10
Insufficient cash
2
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 1,473 1,092 $107,186
Home Improvement 409 406 $77,494
Home Purchase 289 209 $260,052
Other 46 43 $87,826
Refinancing 6 6 $825,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 2,049 79.7% 5.5%
Black or African American 74 68.9% 12.2%
Joint * 30 60.0% 3.3%
Asian * 8 62.5% 25.0%
American Indian or Alaska Native * 2 50.0% 0.0%
Native Hawaiian or Other Pacific Islander * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 2,099 79.2% 5.9%
Hispanic or Latino * 47 68.1% 4.3%
Joint * 22 81.8% 4.5%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in TN

Other HMDA-reporting lenders in TN with similar activity. Compare any two side-by-side.

21st Mortgage

KNOXVILLE, TN

173,573 apps 30,274 originated 44.1% denied

Vanderbilt Mortgage and Finance, INC

MARYVILLE, TN

124,520 apps 20,306 originated 42.7% denied

FIRSTBANK

LEXINGTON, TN

21,086 apps 6,413 originated 43.2% denied

First Community Mortgage

MURFREESBORO, TN

13,521 apps 10,523 originated 6.2% denied

First Horizon Bank

MEMPHIS, TN

13,326 apps 7,808 originated 21.7% denied
Compare Knoxville TVA Employees Credit Union vs 21st Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Knoxville TVA Employees Credit Union process?
Knoxville TVA Employees Credit Union processed 2,223 mortgage applications in the 2024 HMDA reporting year. Of these, 1,756 were originated (approved and funded), 179 were withdrawn by the applicant, and 129 were denied.
What is Knoxville TVA Employees Credit Union's mortgage approval rate?
Knoxville TVA Employees Credit Union has an approval (origination) rate of 79.0%, meaning 79.0% of all applications resulted in a funded mortgage. The denial rate is 5.8%.
What is the average loan amount at Knoxville TVA Employees Credit Union?
The average mortgage loan amount at Knoxville TVA Employees Credit Union is $123,133. The average interest rate is 6.842%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Knoxville TVA Employees Credit Union?
The most common reasons for mortgage denial at Knoxville TVA Employees Credit Union are: Credit history, Debt-to-income ratio, Collateral. In total, 129 applications were denied out of 2,223 total applications.
What types of mortgage loans does Knoxville TVA Employees Credit Union offer?
Knoxville TVA Employees Credit Union processes Conventional, USDA, FHA, VA loans. The most common type is Conventional with 2,217 applications and an average loan amount of $122,808.
What loan purposes does Knoxville TVA Employees Credit Union serve?
Knoxville TVA Employees Credit Union serves the following loan purposes: Cash-out Refinancing (1,473 applications), Home Improvement (409 applications), Home Purchase (289 applications), Other (46 applications), Refinancing (6 applications). Cash-out Refinancing is the most common purpose.
Where is Knoxville TVA Employees Credit Union located?
Knoxville TVA Employees Credit Union is headquartered in Knoxville, TN. The lender is identified by LEI 54930074H8866HTIWU69 in HMDA data.
How does Knoxville TVA Employees Credit Union compare in lending across racial demographics?
Knoxville TVA Employees Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 79.7% and denial rate of 5.5%; Black or African American applicants have an approval rate of 68.9% and denial rate of 12.2%; Joint applicants have an approval rate of 60.0% and denial rate of 3.3%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.