Carrington Mortgage Services · Tennessee · 2025

Carrington Mortgage Services in Tennessee: approval rate, denial rate and rates (2025)

Carrington Mortgage Services took 1,676 mortgage applications in Tennessee in 2025, ranking #44 of 1,274 lenders active in the state. It originated 31.8% of them and denied 43.6% (52.6% of the applications it decided), against a statewide denial rate of 17.1%.

1.7kApplicationsin TN
52.6%Decision denial ratestate 21.7%
6.25%Median ratestate 6.62%
$195,000Median loanstate $225,000
$111MVolume91 counties

Carrington Mortgage Services in Tennessee vs the state

43.6%Denial rate+26.42 pts vs state
52.6%Decision denial rate+30.95 pts vs state
31.8%Origination rate-26.28 pts vs state
6.25%Median rate-0.37 pts vs state
0.45Rate spread (pts)+0.22 pts vs state
$79kMedian applicant income
533Loans originated
730Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,39245646.2%6.63%#45
20241,49153137.0%6.63%#45
20251,67653343.6%6.25%#44

What Carrington Mortgage Services lends in Tennessee

By loan purpose

Home purchase 90 5% · 32.2% denied
Refinance 209 12% · 44.0% denied
Cash-out refinance 1,377 82% · 44.2% denied

By loan type

Conventional 699 42% · 45.2% denied
FHA 686 41% · 43.4% denied
VA 289 17% · 39.5% denied
USDA / RHS 2 0% · 100.0% denied

Why it denied Tennessee applicants

Incomplete application 547 75%
Credit history 56 8%
Debt-to-income ratio 44 6%
Other 37 5%
Collateral 24 3%
Unverifiable information 10 1%
Employment history 8 1%
Insufficient cash 4 1%

Where in Tennessee

Counties with the most Carrington Mortgage Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Shelby County 21655114 52.8%
Montgomery County 1514772 47.7%
Davidson County 1424265 45.8%
Rutherford County 1153846 40.0%
Knox County 1002840 40.0%
Hamilton County 651829 44.6%
Sumner County 482114 29.2%
Sullivan County 331415 45.5%
Wilson County 321114 43.8%
Sevier County 30811 36.7%

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: 1,676 applications in 2025, of which 533 were originated and 730 denied.

43.6% of all applications, or 52.6% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Carrington Mortgage Services originated in Tennessee in 2025 was 6.25%, against a statewide median of 6.62%.

About this data. Figures are Carrington Mortgage Services'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