HomePromise in Tennessee vs the state
38.2%Denial rate+21.10 pts vs state
86.7%Decision denial rate+64.99 pts vs state
5.9%Origination rate-52.20 pts vs state
7.19%Median rate+0.56 pts vs state
0.71Rate spread (pts)+0.48 pts vs state
$82kMedian applicant income
4Loans originated
26Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 102 | 11 | 53.9% | 7.50% | #288 |
| 2024 | 84 | 8 | 36.9% | 7.13% | #329 |
| 2025 | 68 | 4 | 38.2% | 7.19% | #372 |
What HomePromise lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most HomePromise applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Shelby County | 13 | 2 | 3 | 23.1% |
| Montgomery County | 9 | 0 | 4 | 44.4% |
| Hardin County | 5 | 1 | 0 | 0.0% |
| Davidson County | 4 | 0 | 2 | 50.0% |
| Fayette County | 3 | 0 | 0 | 0.0% |
| Hamilton County | 3 | 1 | 1 | 33.3% |
| Lincoln County | 3 | 0 | 1 | 33.3% |
| Blount County | 2 | 0 | 2 | 100.0% |
| Franklin County | 2 | 0 | 0 | 0.0% |
| Washington County | 2 | 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: 68 applications in 2025, of which 4 were originated and 26 denied.
38.2% of all applications, or 86.7% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans HomePromise originated in Tennessee in 2025 was 7.19%, against a statewide median of 6.62%.
About this data. Figures are HomePromise'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