Heritage Bank & Trust · Tennessee · 2025

Heritage Bank & Trust in Tennessee: approval rate, denial rate and rates (2025)

Heritage Bank & Trust took 126 mortgage applications in Tennessee in 2025, ranking #284 of 1,274 lenders active in the state. It originated 74.6% of them and denied 11.1% (12.8% of the applications it decided), against a statewide denial rate of 17.1%.

126Applicationsin TN
12.8%Decision denial ratestate 21.7%
Median ratestate 6.62%
$245,000Median loanstate $225,000
$30MVolume13 counties

Heritage Bank & Trust in Tennessee vs the state

11.1%Denial rate-6.03 pts vs state
12.8%Decision denial rate-8.84 pts vs state
74.6%Origination rate+16.52 pts vs state
Median rate
Rate spread (pts)
$102kMedian applicant income
94Loans originated
14Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231481244.1%#236
20241147216.7%#280
20251269411.1%#284

What Heritage Bank & Trust lends in Tennessee

By loan purpose

Home purchase 76 60% · 7.9% denied
Refinance 34 27% · 14.7% denied
Cash-out refinance 15 12% · 20.0% denied
Home improvement 1 1% · 0.0% denied

By loan type

Conventional 120 95% · 10.0% denied
USDA / RHS 6 5% · 33.3% denied

Where in Tennessee

Counties with the most Heritage Bank & Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Lawrence County 53397 13.2%
Maury County 41285 12.2%
Hickman County 14121 7.1%
Giles County 541 20.0%
Perry County 330 0.0%
Dickson County 220 0.0%
Lewis County 220 0.0%
Knox County 110 0.0%
Marshall County 110 0.0%
Coffee 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: 126 applications in 2025, of which 94 were originated and 14 denied.

11.1% of all applications, or 12.8% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Heritage Bank & Trust'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