First Option Mortgage in Tennessee vs the state
4.8%Denial rate-12.38 pts vs state
6.7%Decision denial rate-15.01 pts vs state
61.9%Origination rate+3.82 pts vs state
7.13%Median rate+0.50 pts vs state
0.73Rate spread (pts)+0.50 pts vs state
$98kMedian applicant income
13Loans originated
1Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 28 | 21 | 0.0% | 7.63% | #470 |
| 2024 | 9 | 7 | 0.0% | 6.63% | #629 |
| 2025 | 21 | 13 | 4.8% | 7.13% | #529 |
What First Option Mortgage lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most First Option Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Sevier County | 12 | 6 | 0 | 0.0% |
| Shelby County | 2 | 1 | 1 | 50.0% |
| Davidson County | 2 | 2 | 0 | 0.0% |
| Loudon County | 2 | 2 | 0 | 0.0% |
| Blount County | 1 | 1 | 0 | 0.0% |
| Hamilton County | 1 | 1 | 0 | 0.0% |
| Williamson 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: 21 applications in 2025, of which 13 were originated and 1 denied.
4.8% of all applications, or 6.7% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans First Option Mortgage originated in Tennessee in 2025 was 7.13%, against a statewide median of 6.62%.
About this data. Figures are First Option 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