First Equity Mortgage in Tennessee vs the state
6.4%Denial rate-10.74 pts vs state
9.3%Decision denial rate-12.36 pts vs state
62.2%Origination rate+4.13 pts vs state
6.38%Median rate-0.25 pts vs state
-0.05Rate spread (pts)-0.28 pts vs state
$220kMedian applicant income
107Loans originated
11Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 199 | 92 | 14.1% | 6.38% | #194 |
| 2024 | 243 | 133 | 7.8% | 6.25% | #175 |
| 2025 | 172 | 107 | 6.4% | 6.38% | #236 |
What First Equity Mortgage lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most First Equity Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Williamson County | 92 | 56 | 6 | 6.5% |
| Davidson County | 29 | 21 | 2 | 6.9% |
| Maury County | 28 | 17 | 3 | 10.7% |
| Rutherford County | 13 | 8 | 0 | 0.0% |
| Sumner County | 4 | 3 | 0 | 0.0% |
| Wilson County | 4 | 1 | 0 | 0.0% |
| Marshall County | 1 | 1 | 0 | 0.0% |
| Macon County | 1 | 0 | 0 | 0.0% |
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: 172 applications in 2025, of which 107 were originated and 11 denied.
6.4% of all applications, or 9.3% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans First Equity Mortgage originated in Tennessee in 2025 was 6.38%, against a statewide median of 6.62%.
About this data. Figures are First Equity 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