Discover Bank in Tennessee vs the state
51.7%Denial rate+34.55 pts vs state
73.6%Decision denial rate+51.88 pts vs state
17.9%Origination rate-40.23 pts vs state
8.53%Median rate+1.90 pts vs state
1.94Rate spread (pts)+1.71 pts vs state
$100kMedian applicant income
290Loans originated
840Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 5,332 | 915 | 42.2% | 9.24% | #8 |
| 2024 | 4,697 | 887 | 47.5% | 8.86% | #9 |
| 2025 | 1,625 | 290 | 51.7% | 8.53% | #46 |
What Discover Bank lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Discover Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Shelby County | 149 | 24 | 77 | 51.7% |
| Knox County | 134 | 28 | 59 | 44.0% |
| Davidson County | 133 | 21 | 75 | 56.4% |
| Hamilton County | 101 | 20 | 49 | 48.5% |
| Rutherford County | 98 | 17 | 53 | 54.1% |
| Williamson County | 78 | 16 | 33 | 42.3% |
| Sumner County | 66 | 16 | 25 | 37.9% |
| Montgomery County | 65 | 16 | 35 | 53.8% |
| Wilson County | 62 | 14 | 33 | 53.2% |
| Blount County | 35 | 5 | 22 | 62.9% |
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: 1,625 applications in 2025, of which 290 were originated and 840 denied.
51.7% of all applications, or 73.6% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Discover Bank originated in Tennessee in 2025 was 8.53%, against a statewide median of 6.62%.
About this data. Figures are Discover 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