American Financial Resources · Tennessee · 2025

American Financial Resources in Tennessee: approval rate, denial rate and rates (2025)

American Financial Resources took 787 mortgage applications in Tennessee in 2025, ranking #83 of 1,274 lenders active in the state. It originated 67.2% of them and denied 6.7% (9.1% of the applications it decided), against a statewide denial rate of 17.1%.

787Applicationsin TN
9.1%Decision denial ratestate 21.7%
6.49%Median ratestate 6.62%
$255,000Median loanstate $225,000
$153MVolume87 counties

American Financial Resources in Tennessee vs the state

6.7%Denial rate-10.41 pts vs state
9.1%Decision denial rate-12.62 pts vs state
67.2%Origination rate+9.14 pts vs state
6.49%Median rate-0.13 pts vs state
0.39Rate spread (pts)+0.16 pts vs state
$89kMedian applicant income
529Loans originated
53Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
202332018512.5%6.63%#130
20244603116.1%6.63%#108
20257875296.7%6.49%#83

What American Financial Resources lends in Tennessee

By loan purpose

Home purchase 665 84% · 6.0% denied
Refinance 56 7% · 10.7% denied
Cash-out refinance 66 8% · 10.6% denied

By loan type

Conventional 209 27% · 4.3% denied
FHA 377 48% · 10.1% denied
VA 132 17% · 2.3% denied
USDA / RHS 69 9% · 4.4% denied

Why it denied Tennessee applicants

Debt-to-income ratio 19 36%
Other 9 17%
Collateral 8 15%
Employment history 6 11%
Credit history 6 11%
Unverifiable information 2 4%
Insufficient cash 2 4%
Incomplete application 1 2%

Where in Tennessee

Counties with the most American Financial Resources applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Knox County 75495 6.7%
Shelby County 39234 10.3%
Davidson County 38237 18.4%
Roane County 29250 0.0%
Sevier County 28182 7.1%
Blount County 27193 11.1%
Sullivan County 21132 9.5%
McMinn County 20150 0.0%
Loudon County 20111 5.0%
Monroe County 19131 5.3%

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: 787 applications in 2025, of which 529 were originated and 53 denied.

6.7% of all applications, or 9.1% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans American Financial Resources originated in Tennessee in 2025 was 6.49%, against a statewide median of 6.62%.

About this data. Figures are American Financial Resources'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