Guaranteed Rate in Tennessee vs the state
4.5%Denial rate-12.60 pts vs state
7.5%Decision denial rate-14.21 pts vs state
55.5%Origination rate-2.62 pts vs state
6.38%Median rate-0.25 pts vs state
0.16Rate spread (pts)-0.07 pts vs state
$102kMedian applicant income
1,868Loans originated
153Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,360 | 1,234 | 5.4% | 6.48% | #25 |
| 2024 | 2,455 | 1,561 | 5.5% | 6.45% | #29 |
| 2025 | 3,368 | 1,868 | 4.5% | 6.38% | #22 |
What Guaranteed Rate lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Guaranteed Rate applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Montgomery County | 672 | 455 | 16 | 2.4% |
| Shelby County | 546 | 331 | 32 | 5.9% |
| Davidson County | 511 | 290 | 11 | 2.2% |
| Williamson County | 236 | 121 | 11 | 4.7% |
| Knox County | 215 | 96 | 9 | 4.2% |
| Rutherford County | 136 | 67 | 7 | 5.1% |
| Wilson County | 84 | 39 | 5 | 6.0% |
| Hamilton County | 82 | 29 | 3 | 3.7% |
| Sumner County | 78 | 47 | 6 | 7.7% |
| Maury County | 53 | 27 | 5 | 9.4% |
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: 3,368 applications in 2025, of which 1,868 were originated and 153 denied.
4.5% of all applications, or 7.5% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Guaranteed Rate originated in Tennessee in 2025 was 6.38%, against a statewide median of 6.62%.
About this data. Figures are Guaranteed Rate'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