Bank of Cleveland · Tennessee · 2025

Bank of Cleveland in Tennessee: approval rate, denial rate and rates (2025)

Bank of Cleveland took 161 mortgage applications in Tennessee in 2025, ranking #243 of 1,274 lenders active in the state. It originated 88.2% of them and denied 1.2% (1.4% of the applications it decided), against a statewide denial rate of 17.1%.

161Applicationsin TN
1.4%Decision denial ratestate 21.7%
Median ratestate 6.62%
$245,000Median loanstate $225,000
$38MVolume8 counties

Bank of Cleveland in Tennessee vs the state

1.2%Denial rate-15.90 pts vs state
1.4%Decision denial rate-20.30 pts vs state
88.2%Origination rate+30.12 pts vs state
Median rate
Rate spread (pts)
$90kMedian applicant income
142Loans originated
2Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232181862.3%#180
20242642413.0%#163
20251611421.2%#243

What Bank of Cleveland lends in Tennessee

By loan purpose

Home purchase 106 66% · 1.9% denied
Refinance 41 25% · 0.0% denied
Cash-out refinance 9 6% · 0.0% denied
Home improvement 5 3% · 0.0% denied

By loan type

Conventional 137 85% · 0.0% denied
FHA 16 10% · 12.5% denied
VA 4 2% · 0.0% denied
USDA / RHS 4 2% · 0.0% denied

Where in Tennessee

Counties with the most Bank of Cleveland applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bradley County 1331162 1.5%
Polk County 980 0.0%
Hamilton County 660 0.0%
McMinn County 550 0.0%
Rhea County 320 0.0%
Meigs County 220 0.0%
Knox County 220 0.0%
Sevier County 110 0.0%

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: 161 applications in 2025, of which 142 were originated and 2 denied.

1.2% of all applications, or 1.4% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Bank of Cleveland'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