Consumer Real Estate Finance · Tennessee · 2025

Consumer Real Estate Finance in Tennessee: approval rate, denial rate and rates (2025)

Consumer Real Estate Finance took 58 mortgage applications in Tennessee in 2025, ranking #390 of 1,274 lenders active in the state. It originated 46.6% of them and denied 43.1% (48.1% of the applications it decided), against a statewide denial rate of 17.1%.

58Applicationsin TN
48.1%Decision denial ratestate 21.7%
6.99%Median ratestate 6.62%
$210,000Median loanstate $225,000
$5.1MVolume35 counties

Consumer Real Estate Finance in Tennessee vs the state

43.1%Denial rate+25.96 pts vs state
48.1%Decision denial rate+26.40 pts vs state
46.6%Origination rate-11.53 pts vs state
6.99%Median rate+0.37 pts vs state
0.91Rate spread (pts)+0.68 pts vs state
$76kMedian applicant income
27Loans originated
25Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023693311.6%6.75%#342
2024723422.2%7.13%#343
2025582743.1%6.99%#390

What Consumer Real Estate Finance lends in Tennessee

By loan purpose

Home purchase 50 86% · 44.0% denied
Other / HELOC 8 14% · 37.5% denied

By loan type

Conventional 12 21% · 25.0% denied
FHA 23 40% · 30.4% denied
VA 2 3% · 100.0% denied
USDA / RHS 21 36% · 61.9% denied

Why it denied Tennessee applicants

Other 8 32%
Debt-to-income ratio 6 24%
Incomplete application 5 20%
Credit history 2 8%
Collateral 2 8%
Unverifiable information 1 4%
Insufficient cash 1 4%

Where in Tennessee

Counties with the most Consumer Real Estate Finance applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fayette County 400 0.0%
McMinn County 431 25.0%
Campbell County 303 100.0%
Wayne County 303 100.0%
Hawkins County 312 66.7%
Sullivan County 220 0.0%
Jackson County 202 100.0%
McNairy County 201 50.0%
Hamilton County 211 50.0%
Shelby County 211 50.0%

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: 58 applications in 2025, of which 27 were originated and 25 denied.

43.1% of all applications, or 48.1% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Consumer Real Estate Finance originated in Tennessee in 2025 was 6.99%, against a statewide median of 6.62%.

About this data. Figures are Consumer Real Estate Finance'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