21st Mortgage · Tennessee · 2025

21st Mortgage in Tennessee: approval rate, denial rate and rates (2025)

21st Mortgage took 3,743 mortgage applications in Tennessee in 2025, ranking #20 of 1,274 lenders active in the state. It originated 17.3% of them and denied 48.0% (71.9% of the applications it decided), against a statewide denial rate of 17.1%.

3.7kApplicationsin TN
71.9%Decision denial ratestate 21.7%
9.59%Median ratestate 6.62%
$125,000Median loanstate $225,000
$85MVolume95 counties

21st Mortgage in Tennessee vs the state

48.0%Denial rate+30.82 pts vs state
71.9%Decision denial rate+50.18 pts vs state
17.3%Origination rate-40.77 pts vs state
9.59%Median rate+2.96 pts vs state
3.80Rate spread (pts)+3.57 pts vs state
$64kMedian applicant income
648Loans originated
1,795Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,74765149.5%9.10%#17
20243,86367447.4%9.49%#16
20253,74364848.0%9.59%#20

What 21st Mortgage lends in Tennessee

By loan purpose

Home purchase 3,635 97% · 47.1% denied
Refinance 39 1% · 79.5% denied
Cash-out refinance 39 1% · 79.5% denied
Home improvement 20 1% · 90.0% denied
Other / HELOC 10 0% · 40.0% denied

By loan type

Conventional 3,743 100% · 48.0% denied

Why it denied Tennessee applicants

Credit history 1,000 56%
Debt-to-income ratio 543 30%
Insufficient cash 94 5%
Incomplete application 76 4%
Collateral 43 2%
Other 19 1%
Unverifiable information 14 1%
Employment history 6 0%

Where in Tennessee

Counties with the most 21st Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Knox County 33339208 62.5%
Sevier County 18725115 61.5%
Bradley County 109657 52.3%
Blount County 1011560 59.4%
Rutherford County 1001759 59.0%
Sullivan County 922834 37.0%
Monroe County 801139 48.8%
Greene County 771731 40.3%
Macon County 762333 43.4%
Cumberland County 741923 31.1%

Other large lenders in Tennessee

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 16,50317.3%6.50%
United Shore Financial ServicesB 12,45810.9%6.12%
Regions BankC 11,24736.5%4.99%
Vanderbilt Mortgage and FinanceF 9,64935.8%8.75%
Mortgage Research CenterC 6,56817.3%6.25%
FirstBankC 5,67714.5%6.88%
CMG MortgageA 5,6432.9%6.50%
Freedom MortgageB 5,4938.0%6.25%
Pennymac Loan ServicesC 5,33111.2%6.00%
Mortgage Investors GroupB 4,4543.5%6.50%

Frequently asked questions

Tennessee: 3,743 applications in 2025, of which 648 were originated and 1,795 denied.

48.0% of all applications, or 71.9% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans 21st Mortgage originated in Tennessee in 2025 was 9.59%, against a statewide median of 6.62%.

About this data. Figures are 21st Mortgage's own HMDA filing for properties located in Tennessee, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology