Commerce Home Mortgage in Tennessee vs the state
10.7%Denial rate-6.46 pts vs state
16.1%Decision denial rate-5.58 pts vs state
55.7%Origination rate-2.42 pts vs state
7.25%Median rate+0.63 pts vs state
1.01Rate spread (pts)+0.78 pts vs state
$231kMedian applicant income
172Loans originated
33Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 115 | 54 | 17.4% | 8.44% | #268 |
| 2024 | 112 | 51 | 17.0% | 7.63% | #284 |
| 2025 | 309 | 172 | 10.7% | 7.25% | #159 |
What Commerce Home Mortgage lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Commerce Home Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Shelby County | 54 | 28 | 8 | 14.8% |
| Davidson County | 49 | 19 | 8 | 16.3% |
| Knox County | 25 | 15 | 0 | 0.0% |
| Sevier County | 23 | 14 | 4 | 17.4% |
| Williamson County | 23 | 13 | 2 | 8.7% |
| Hamilton County | 14 | 12 | 0 | 0.0% |
| Rutherford County | 13 | 8 | 0 | 0.0% |
| Blount County | 9 | 6 | 0 | 0.0% |
| Wilson County | 8 | 5 | 0 | 0.0% |
| Roane County | 8 | 5 | 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: 309 applications in 2025, of which 172 were originated and 33 denied.
10.7% of all applications, or 16.1% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Commerce Home Mortgage originated in Tennessee in 2025 was 7.25%, against a statewide median of 6.62%.
About this data. Figures are Commerce Home 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