BMO Bank in Tennessee vs the state
42.3%Denial rate+25.11 pts vs state
54.6%Decision denial rate+32.87 pts vs state
35.2%Origination rate-22.87 pts vs state
7.50%Median rate+0.88 pts vs state
0.79Rate spread (pts)+0.56 pts vs state
$191kMedian applicant income
25Loans originated
30Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 95 | 44 | 26.3% | 6.38% | #300 |
| 2024 | 94 | 40 | 31.9% | 7.25% | #319 |
| 2025 | 71 | 25 | 42.3% | 7.50% | #365 |
What BMO Bank lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Davidson County | 11 | 5 | 3 | 27.3% |
| Williamson County | 8 | 3 | 4 | 50.0% |
| Shelby County | 6 | 1 | 3 | 50.0% |
| Hamilton County | 5 | 1 | 3 | 60.0% |
| Sevier County | 5 | 1 | 1 | 20.0% |
| Unicoi County | 4 | 1 | 3 | 75.0% |
| Knox County | 3 | 1 | 1 | 33.3% |
| Fayette County | 2 | 2 | 0 | 0.0% |
| Loudon County | 2 | 1 | 0 | 0.0% |
| Maury County | 2 | 0 | 2 | 100.0% |
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: 71 applications in 2025, of which 25 were originated and 30 denied.
42.3% of all applications, or 54.6% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans BMO Bank originated in Tennessee in 2025 was 7.50%, against a statewide median of 6.62%.
About this data. Figures are BMO Bank'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