Citizens Bank · Tennessee · 2025

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

Citizens Bank took 1,011 mortgage applications in Tennessee in 2025, ranking #65 of 1,274 lenders active in the state. It originated 57.3% of them and denied 27.8% (31.9% of the applications it decided), against a statewide denial rate of 17.1%.

1.0kApplicationsin TN
31.9%Decision denial ratestate 21.7%
7.90%Median ratestate 6.62%
$125,000Median loanstate $225,000
$127MVolume82 counties

Citizens Bank in Tennessee vs the state

27.8%Denial rate+10.65 pts vs state
31.9%Decision denial rate+10.22 pts vs state
57.3%Origination rate-0.81 pts vs state
7.90%Median rate+1.28 pts vs state
0.71Rate spread (pts)+0.48 pts vs state
$109kMedian applicant income
579Loans originated
281Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,62792929.4%7.25%#40
202483648625.0%8.15%#71
20251,01157927.8%7.90%#65

What Citizens Bank lends in Tennessee

By loan purpose

Home purchase 129 13% · 19.4% denied
Refinance 206 20% · 22.3% denied
Cash-out refinance 52 5% · 13.5% denied
Home improvement 282 28% · 24.8% denied
Other / HELOC 342 34% · 38.9% denied

By loan type

Conventional 978 97% · 28.3% denied
FHA 26 3% · 15.4% denied
VA 7 1% · 0.0% denied

Why it denied Tennessee applicants

Debt-to-income ratio 140 50%
Collateral 75 27%
Credit history 30 11%
Other 18 6%
Unverifiable information 6 2%
Incomplete application 6 2%
Employment history 5 2%
Insufficient cash 1 0%

Where in Tennessee

Counties with the most Citizens Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Williamson County 1137524 21.2%
Shelby County 1046133 31.7%
Davidson County 1045628 26.9%
Sumner County 563215 26.8%
Knox County 563015 26.8%
Hamilton County 462217 37.0%
Rutherford County 422112 28.6%
Wilson County 40249 22.5%
Montgomery County 342111 32.4%
Bradley County 34219 26.5%

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: 1,011 applications in 2025, of which 579 were originated and 281 denied.

27.8% of all applications, or 31.9% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Citizens Bank originated in Tennessee in 2025 was 7.90%, against a statewide median of 6.62%.

About this data. Figures are Citizens 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