First Federal Bank · Tennessee · 2025

First Federal Bank in Tennessee: approval rate, denial rate and rates (2025)

First Federal Bank took 152 mortgage applications in Tennessee in 2025, ranking #256 of 1,274 lenders active in the state. It originated 52.0% of them and denied 10.5% (16.8% of the applications it decided), against a statewide denial rate of 17.1%.

152Applicationsin TN
16.8%Decision denial ratestate 21.7%
6.00%Median ratestate 6.62%
$355,000Median loanstate $225,000
$33MVolume45 counties

First Federal Bank in Tennessee vs the state

10.5%Denial rate-6.61 pts vs state
16.8%Decision denial rate-4.84 pts vs state
52.0%Origination rate-6.11 pts vs state
6.00%Median rate-0.62 pts vs state
-0.32Rate spread (pts)-0.55 pts vs state
$133kMedian applicant income
79Loans originated
16Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023784310.3%6.50%#331
2024174998.1%6.13%#227
20251527910.5%6.00%#256

What First Federal Bank lends in Tennessee

By loan purpose

Home purchase 114 75% · 9.7% denied
Refinance 25 16% · 4.0% denied
Cash-out refinance 13 9% · 30.8% denied

By loan type

Conventional 84 55% · 8.3% denied
FHA 17 11% · 29.4% denied
VA 51 34% · 7.8% denied

Why it denied Tennessee applicants

Debt-to-income ratio 7 44%
Incomplete application 4 25%
Collateral 3 19%
Credit history 2 13%

Where in Tennessee

Counties with the most First Federal Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Davidson County 2063 15.0%
Shelby County 18102 11.1%
Williamson County 1271 8.3%
Knox County 942 22.2%
Montgomery County 962 22.2%
Hamilton County 740 0.0%
Putnam County 640 0.0%
Bradley County 530 0.0%
Wilson County 410 0.0%
Rutherford County 420 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: 152 applications in 2025, of which 79 were originated and 16 denied.

10.5% of all applications, or 16.8% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans First Federal Bank originated in Tennessee in 2025 was 6.00%, against a statewide median of 6.62%.

About this data. Figures are First Federal 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