Digital · Tennessee · 2025

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

Digital took 66 mortgage applications in Tennessee in 2025, ranking #374 of 1,274 lenders active in the state. It originated 56.1% of them and denied 9.1% (14.0% of the applications it decided), against a statewide denial rate of 17.1%.

66Applicationsin TN
14.0%Decision denial ratestate 21.7%
7.75%Median ratestate 6.62%
$210,000Median loanstate $225,000
$9.3MVolume17 counties

Digital in Tennessee vs the state

9.1%Denial rate-8.05 pts vs state
14.0%Decision denial rate-7.73 pts vs state
56.1%Origination rate-2.02 pts vs state
7.75%Median rate+1.13 pts vs state
0.66Rate spread (pts)+0.43 pts vs state
$150kMedian applicant income
37Loans originated
6Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231675513.2%6.12%#211
20241102917.3%7.75%#289
202566379.1%7.75%#374

What Digital lends in Tennessee

By loan purpose

Home purchase 21 32% · 4.8% denied
Refinance 9 14% · 11.1% denied
Cash-out refinance 7 11% · 28.6% denied
Home improvement 18 27% · 5.6% denied
Other / HELOC 11 17% · 9.1% denied

By loan type

Conventional 66 100% · 9.1% denied

Why it denied Tennessee applicants

Collateral 3 50%
Debt-to-income ratio 2 33%
Credit history 1 17%

Where in Tennessee

Counties with the most Digital applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Williamson County 23160 0.0%
Shelby County 1141 9.1%
Wilson County 861 12.5%
Davidson County 641 16.7%
Knox County 430 0.0%
Cocke County 201 50.0%
Rutherford County 201 50.0%
Washington County 100 0.0%
Sumner County 100 0.0%
Blount County 100 0.0%

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: 66 applications in 2025, of which 37 were originated and 6 denied.

9.1% of all applications, or 14.0% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Digital originated in Tennessee in 2025 was 7.75%, against a statewide median of 6.62%.

About this data. Figures are Digital'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