Crosscountry Mortgage · Tennessee · 2025

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

Crosscountry Mortgage took 3,778 mortgage applications in Tennessee in 2025, ranking #18 of 1,274 lenders active in the state. It originated 59.6% of them and denied 4.8% (7.3% of the applications it decided), against a statewide denial rate of 17.1%.

3.8kApplicationsin TN
7.3%Decision denial ratestate 21.7%
6.63%Median ratestate 6.62%
$285,000Median loanstate $225,000
$810MVolume93 counties

Crosscountry Mortgage in Tennessee vs the state

4.8%Denial rate-12.38 pts vs state
7.3%Decision denial rate-14.39 pts vs state
59.6%Origination rate+1.50 pts vs state
6.63%Median rate0.00 pts vs state
0.46Rate spread (pts)+0.23 pts vs state
$106kMedian applicant income
2,251Loans originated
180Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,3231,1952.1%6.83%#26
20242,8361,6573.0%6.75%#24
20253,7782,2514.8%6.63%#18

What Crosscountry Mortgage lends in Tennessee

By loan purpose

Home purchase 2,227 59% · 2.8% denied
Refinance 565 15% · 3.5% denied
Cash-out refinance 517 14% · 6.6% denied
Home improvement 91 2% · 27.5% denied
Other / HELOC 378 10% · 10.3% denied

By loan type

Conventional 2,081 55% · 4.8% denied
FHA 1,164 31% · 5.5% denied
VA 488 13% · 3.1% denied
USDA / RHS 45 1% · 4.4% denied

Why it denied Tennessee applicants

Debt-to-income ratio 48 27%
Credit history 32 18%
Collateral 31 17%
Other 27 15%
Incomplete application 21 12%
Insufficient cash 9 5%
Unverifiable information 8 4%
Employment history 4 2%

Where in Tennessee

Counties with the most Crosscountry Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Davidson County 47730324 5.0%
Shelby County 46029620 4.3%
Williamson County 22914014 6.1%
Montgomery County 2241578 3.6%
Rutherford County 19713010 5.1%
Sumner County 1851205 2.7%
Knox County 1791039 5.0%
Hamilton County 1509610 6.7%
Sevier County 108703 2.8%
Maury County 106638 7.5%

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: 3,778 applications in 2025, of which 2,251 were originated and 180 denied.

4.8% of all applications, or 7.3% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Crosscountry Mortgage originated in Tennessee in 2025 was 6.63%, against a statewide median of 6.62%.

About this data. Figures are Crosscountry 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