Ascend Federal Credit Union · Tennessee · 2025

Ascend Federal Credit Union in Tennessee: approval rate, denial rate and rates (2025)

Ascend Federal Credit Union took 2,890 mortgage applications in Tennessee in 2025, ranking #28 of 1,274 lenders active in the state. It originated 62.3% of them and denied 18.3% (22.2% of the applications it decided), against a statewide denial rate of 17.1%.

2.9kApplicationsin TN
22.2%Decision denial ratestate 21.7%
7.50%Median ratestate 6.62%
$105,000Median loanstate $225,000
$345MVolume57 counties

Ascend Federal Credit Union in Tennessee vs the state

18.3%Denial rate+1.13 pts vs state
22.2%Decision denial rate+0.48 pts vs state
62.3%Origination rate+4.24 pts vs state
7.50%Median rate+0.88 pts vs state
0.24Rate spread (pts)+0.01 pts vs state
$103kMedian applicant income
1,801Loans originated
528Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,9671,73521.5%8.00%#20
20242,7741,65620.6%8.13%#25
20252,8901,80118.3%7.50%#28

What Ascend Federal Credit Union lends in Tennessee

By loan purpose

Home purchase 492 17% · 6.3% denied
Refinance 223 8% · 19.7% denied
Cash-out refinance 853 30% · 14.9% denied
Home improvement 597 21% · 21.4% denied
Other / HELOC 725 25% · 27.3% denied

By loan type

Conventional 2,864 99% · 18.3% denied
FHA 21 1% · 4.8% denied
VA 5 0% · 40.0% denied

Why it denied Tennessee applicants

Debt-to-income ratio 254 48%
Credit history 157 30%
Collateral 68 13%
Unverifiable information 21 4%
Other 18 3%
Employment history 6 1%
Insufficient cash 4 1%

Where in Tennessee

Counties with the most Ascend Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Rutherford County 740478131 17.7%
Davidson County 43925096 21.9%
Coffee County 23315032 13.7%
Williamson County 20412137 18.1%
Sumner County 16110326 16.1%
Franklin County 1529817 11.2%
Bedford County 1428426 18.3%
Wilson County 1349127 20.1%
Maury County 1288222 17.2%
Marshall County 644313 20.3%

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: 2,890 applications in 2025, of which 1,801 were originated and 528 denied.

18.3% of all applications, or 22.2% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Ascend Federal Credit Union originated in Tennessee in 2025 was 7.50%, against a statewide median of 6.62%.

About this data. Figures are Ascend Federal Credit Union'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