Gateway First Bank · Tennessee · 2025

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

Gateway First Bank took 311 mortgage applications in Tennessee in 2025, ranking #158 of 1,274 lenders active in the state. It originated 62.4% of them and denied 3.5% (5.3% of the applications it decided), against a statewide denial rate of 17.1%.

311Applicationsin TN
5.3%Decision denial ratestate 21.7%
6.63%Median ratestate 6.62%
$295,000Median loanstate $225,000
$66MVolume38 counties

Gateway First Bank in Tennessee vs the state

3.5%Denial rate-13.60 pts vs state
5.3%Decision denial rate-16.34 pts vs state
62.4%Origination rate+4.30 pts vs state
6.63%Median rate0.00 pts vs state
0.37Rate spread (pts)+0.14 pts vs state
$111kMedian applicant income
194Loans originated
11Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234122726.6%6.88%#107
20242851906.3%6.75%#154
20253111943.5%6.63%#158

What Gateway First Bank lends in Tennessee

By loan purpose

Home purchase 216 69% · 2.8% denied
Refinance 68 22% · 1.5% denied
Cash-out refinance 25 8% · 16.0% denied
Other / HELOC 2 1% · 0.0% denied

By loan type

Conventional 228 73% · 2.6% denied
FHA 64 21% · 7.8% denied
VA 13 4% · 0.0% denied
USDA / RHS 6 2% · 0.0% denied

Why it denied Tennessee applicants

Credit history 3 27%
Collateral 3 27%
Debt-to-income ratio 2 18%
Employment history 1 9%
Unverifiable information 1 9%
Insufficient cash 1 9%

Where in Tennessee

Counties with the most Gateway First Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Blount County 52281 1.9%
Knox County 50331 2.0%
Sevier County 49291 2.0%
Roane County 38261 2.6%
Monroe County 23102 8.7%
Loudon County 1680 0.0%
Anderson County 1380 0.0%
Morgan County 741 14.3%
Jefferson County 760 0.0%
McMinn County 530 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: 311 applications in 2025, of which 194 were originated and 11 denied.

3.5% of all applications, or 5.3% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Gateway First Bank originated in Tennessee in 2025 was 6.63%, against a statewide median of 6.62%.

About this data. Figures are Gateway First 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