Granite Bank · Tennessee · 2025

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

Granite Bank took 11 mortgage applications in Tennessee in 2025, ranking #625 of 1,274 lenders active in the state. It originated 45.5% of them and denied 45.5% (50.0% of the applications it decided), against a statewide denial rate of 17.1%.

11Applicationsin TN
50.0%Decision denial ratestate 21.7%
5.75%Median ratestate 6.62%
$305,000Median loanstate $225,000
$2.4MVolume9 counties

Granite Bank in Tennessee vs the state

45.5%Denial rate+28.31 pts vs state
50.0%Decision denial rate+28.32 pts vs state
45.5%Origination rate-12.63 pts vs state
5.75%Median rate-0.87 pts vs state
-0.32Rate spread (pts)-0.55 pts vs state
$94kMedian applicant income
5Loans originated
5Denied

What Granite Bank lends in Tennessee

By loan purpose

Home purchase 10 91% · 40.0% denied
Cash-out refinance 1 9% · 100.0% denied

By loan type

Conventional 5 45% · 60.0% denied
FHA 3 27% · 33.3% denied
VA 3 27% · 33.3% denied

Why it denied Tennessee applicants

Collateral 2 40%
Insufficient cash 1 20%
Other 1 20%
Debt-to-income ratio 1 20%

Where in Tennessee

Counties with the most Granite Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
McMinn County 202 100.0%
Knox County 210 0.0%
Franklin County 110 0.0%
Loudon County 110 0.0%
Anderson County 101 100.0%
Sumner County 101 100.0%
Rutherford County 101 100.0%
Davidson County 110 0.0%
Sullivan County 110 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: 11 applications in 2025, of which 5 were originated and 5 denied.

45.5% of all applications, or 50.0% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Granite Bank originated in Tennessee in 2025 was 5.75%, against a statewide median of 6.62%.

About this data. Figures are Granite 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