F&M Bank · Tennessee · 2025

F&M Bank in Tennessee: approval rate, denial rate and rates (2025)

F&M Bank took 656 mortgage applications in Tennessee in 2025, ranking #91 of 1,274 lenders active in the state. It originated 78.2% of them and denied 15.2% (15.5% of the applications it decided), against a statewide denial rate of 17.1%.

656Applicationsin TN
15.5%Decision denial ratestate 21.7%
7.15%Median ratestate 6.62%
$175,000Median loanstate $225,000
$143MVolume24 counties

F&M Bank in Tennessee vs the state

15.2%Denial rate-1.90 pts vs state
15.5%Decision denial rate-6.15 pts vs state
78.2%Origination rate+20.12 pts vs state
7.15%Median rate+0.53 pts vs state
0.28Rate spread (pts)+0.05 pts vs state
$150kMedian applicant income
513Loans originated
100Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,4311,10911.7%7.50%#43
202478757715.3%8.00%#75
202565651315.2%7.15%#91

What F&M Bank lends in Tennessee

By loan purpose

Home purchase 122 19% · 10.7% denied
Refinance 225 34% · 11.6% denied
Home improvement 41 6% · 19.5% denied
Other / HELOC 268 41% · 19.8% denied

By loan type

Conventional 656 100% · 15.2% denied

Why it denied Tennessee applicants

Debt-to-income ratio 53 53%
Credit history 25 25%
Insufficient cash 13 13%
Collateral 5 5%
Employment history 3 3%
Unverifiable information 1 1%

Where in Tennessee

Counties with the most F&M Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Montgomery County 21617429 13.4%
Davidson County 795317 21.5%
Robertson County 78658 10.3%
Sumner County 756110 13.3%
Williamson County 544110 18.5%
Stewart County 49396 12.2%
Wilson County 28252 7.1%
Cheatham County 19172 10.5%
Rutherford County 18105 27.8%
Dickson County 16114 25.0%

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: 656 applications in 2025, of which 513 were originated and 100 denied.

15.2% of all applications, or 15.5% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans F&M Bank originated in Tennessee in 2025 was 7.15%, against a statewide median of 6.62%.

About this data. Figures are F&M 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