Bank of America in Tennessee vs the state
34.5%Denial rate+17.38 pts vs state
45.7%Decision denial rate+24.06 pts vs state
40.0%Origination rate-18.10 pts vs state
5.99%Median rate-0.63 pts vs state
1.03Rate spread (pts)+0.80 pts vs state
$107kMedian applicant income
1,499Loans originated
1,294Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 4,601 | 1,618 | 48.8% | 7.25% | #12 |
| 2024 | 3,784 | 1,447 | 36.7% | 6.99% | #18 |
| 2025 | 3,749 | 1,499 | 34.5% | 5.99% | #19 |
What Bank of America lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Davidson County | 756 | 333 | 226 | 29.9% |
| Shelby County | 567 | 162 | 279 | 49.2% |
| Williamson County | 422 | 220 | 93 | 22.0% |
| Rutherford County | 293 | 132 | 93 | 31.7% |
| Hamilton County | 270 | 105 | 91 | 33.7% |
| Knox County | 250 | 112 | 73 | 29.2% |
| Sumner County | 185 | 92 | 53 | 28.6% |
| Wilson County | 134 | 67 | 28 | 20.9% |
| Montgomery County | 113 | 29 | 49 | 43.4% |
| Robertson County | 64 | 21 | 25 | 39.1% |
Other large lenders in Tennessee
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,503 | 17.3% | 6.50% |
| United Shore Financial Services | B | 12,458 | 10.9% | 6.12% |
| Regions Bank | C | 11,247 | 36.5% | 4.99% |
| Vanderbilt Mortgage and Finance | F | 9,649 | 35.8% | 8.75% |
| Mortgage Research Center | C | 6,568 | 17.3% | 6.25% |
| FirstBank | C | 5,677 | 14.5% | 6.88% |
| CMG Mortgage | A | 5,643 | 2.9% | 6.50% |
| Freedom Mortgage | B | 5,493 | 8.0% | 6.25% |
| Pennymac Loan Services | C | 5,331 | 11.2% | 6.00% |
| Mortgage Investors Group | B | 4,454 | 3.5% | 6.50% |
Frequently asked questions
Tennessee: 3,749 applications in 2025, of which 1,499 were originated and 1,294 denied.
34.5% of all applications, or 45.7% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Bank of America originated in Tennessee in 2025 was 5.99%, against a statewide median of 6.62%.
About this data. Figures are Bank of America'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