Bay Equity in Tennessee vs the state
2.9%Denial rate-14.24 pts vs state
3.9%Decision denial rate-17.76 pts vs state
71.0%Origination rate+12.93 pts vs state
6.63%Median rate0.00 pts vs state
0.19Rate spread (pts)-0.04 pts vs state
$108kMedian applicant income
49Loans originated
2Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 141 | 93 | 4.3% | 6.63% | #244 |
| 2024 | 141 | 102 | 0.7% | 6.63% | #253 |
| 2025 | 69 | 49 | 2.9% | 6.63% | #371 |
What Bay Equity lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Bay Equity applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Davidson County | 15 | 13 | 0 | 0.0% |
| Rutherford County | 10 | 5 | 2 | 20.0% |
| Knox County | 8 | 7 | 0 | 0.0% |
| Montgomery County | 8 | 5 | 0 | 0.0% |
| Hamilton County | 6 | 5 | 0 | 0.0% |
| Wilson County | 5 | 3 | 0 | 0.0% |
| Sumner County | 4 | 2 | 0 | 0.0% |
| Williamson County | 3 | 2 | 0 | 0.0% |
| Robertson County | 2 | 2 | 0 | 0.0% |
| Hickman County | 1 | 1 | 0 | 0.0% |
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: 69 applications in 2025, of which 49 were originated and 2 denied.
2.9% of all applications, or 3.9% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Bay Equity originated in Tennessee in 2025 was 6.63%, against a statewide median of 6.62%.
About this data. Figures are Bay Equity'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