Canopy Mortgage in Tennessee vs the state
2.1%Denial rate-15.08 pts vs state
3.2%Decision denial rate-18.49 pts vs state
62.3%Origination rate+4.21 pts vs state
6.38%Median rate-0.25 pts vs state
0.16Rate spread (pts)-0.07 pts vs state
$112kMedian applicant income
332Loans originated
11Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 339 | 229 | 2.1% | 6.88% | #125 |
| 2024 | 401 | 183 | 2.0% | 6.50% | #120 |
| 2025 | 533 | 332 | 2.1% | 6.38% | #106 |
What Canopy Mortgage lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Canopy Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hamilton County | 62 | 44 | 2 | 3.2% |
| Davidson County | 52 | 31 | 2 | 3.8% |
| Knox County | 41 | 27 | 2 | 4.9% |
| Williamson County | 38 | 20 | 0 | 0.0% |
| Rutherford County | 37 | 29 | 0 | 0.0% |
| Wilson County | 29 | 14 | 2 | 6.9% |
| Sumner County | 26 | 17 | 0 | 0.0% |
| Maury County | 23 | 13 | 1 | 4.3% |
| Marshall County | 18 | 12 | 0 | 0.0% |
| Blount County | 18 | 14 | 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: 533 applications in 2025, of which 332 were originated and 11 denied.
2.1% of all applications, or 3.2% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Canopy Mortgage originated in Tennessee in 2025 was 6.38%, against a statewide median of 6.62%.
About this data. Figures are Canopy Mortgage'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