Bank of Tennessee · Tennessee · 2025

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

Bank of Tennessee took 502 mortgage applications in Tennessee in 2025, ranking #116 of 1,274 lenders active in the state. It originated 62.8% of them and denied 14.7% (17.9% of the applications it decided), against a statewide denial rate of 17.1%.

502Applicationsin TN
17.9%Decision denial ratestate 21.7%
6.75%Median ratestate 6.62%
$205,000Median loanstate $225,000
$94MVolume36 counties

Bank of Tennessee in Tennessee vs the state

14.7%Denial rate-2.40 pts vs state
17.9%Decision denial rate-3.76 pts vs state
62.8%Origination rate+4.67 pts vs state
6.75%Median rate+0.13 pts vs state
0.27Rate spread (pts)+0.04 pts vs state
$102kMedian applicant income
315Loans originated
74Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
202377756511.1%6.99%#76
202475950312.0%6.82%#78
202550231514.7%6.75%#116

What Bank of Tennessee lends in Tennessee

By loan purpose

Home purchase 267 53% · 4.1% denied
Refinance 24 5% · 12.5% denied
Cash-out refinance 78 16% · 23.1% denied
Home improvement 28 6% · 7.1% denied
Other / HELOC 105 21% · 38.1% denied

By loan type

Conventional 446 89% · 15.7% denied
FHA 37 7% · 10.8% denied
VA 9 2% · 0.0% denied
USDA / RHS 10 2% · 0.0% denied

Why it denied Tennessee applicants

Credit history 12 39%
Debt-to-income ratio 9 29%
Other 5 16%
Collateral 3 10%
Insufficient cash 1 3%
Unverifiable information 1 3%

Where in Tennessee

Counties with the most Bank of Tennessee applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Carter County 965620 20.8%
Washington County 874814 16.1%
Sullivan County 865911 12.8%
Davidson County 48299 18.8%
Knox County 34262 5.9%
Williamson County 26174 15.4%
Unicoi County 24124 16.7%
Sumner County 17111 5.9%
Wilson County 1090 0.0%
Greene County 861 12.5%

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: 502 applications in 2025, of which 315 were originated and 74 denied.

14.7% of all applications, or 17.9% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Bank of Tennessee originated in Tennessee in 2025 was 6.75%, against a statewide median of 6.62%.

About this data. Figures are Bank of Tennessee'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