Figure Lending in Tennessee vs the state
25.4%Denial rate+8.27 pts vs state
26.5%Decision denial rate+4.84 pts vs state
49.6%Origination rate-8.44 pts vs state
9.95%Median rate+3.33 pts vs state
3.92Rate spread (pts)+3.69 pts vs state
$100kMedian applicant income
887Loans originated
454Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,820 | 818 | 31.3% | 11.28% | #32 |
| 2024 | 2,300 | 1,085 | 27.0% | 11.30% | #30 |
| 2025 | 1,787 | 887 | 25.4% | 9.95% | #42 |
What Figure Lending lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Figure Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Davidson County | 177 | 92 | 40 | 22.6% |
| Hamilton County | 154 | 76 | 32 | 20.8% |
| Shelby County | 148 | 63 | 48 | 32.4% |
| Rutherford County | 143 | 76 | 31 | 21.7% |
| Williamson County | 125 | 61 | 24 | 19.2% |
| Knox County | 108 | 48 | 31 | 28.7% |
| Sumner County | 77 | 49 | 12 | 15.6% |
| Montgomery County | 69 | 39 | 12 | 17.4% |
| Wilson County | 59 | 29 | 19 | 32.2% |
| Maury County | 44 | 28 | 6 | 13.6% |
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: 1,787 applications in 2025, of which 887 were originated and 454 denied.
25.4% of all applications, or 26.5% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Figure Lending originated in Tennessee in 2025 was 9.95%, against a statewide median of 6.62%.
About this data. Figures are Figure Lending'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