Hometown Equity Mortgage · Tennessee · 2025

Hometown Equity Mortgage in Tennessee: approval rate, denial rate and rates (2025)

Hometown Equity Mortgage took 284 mortgage applications in Tennessee in 2025, ranking #167 of 1,274 lenders active in the state. It originated 53.2% of them and denied 38.4% (39.4% of the applications it decided), against a statewide denial rate of 17.1%.

284Applicationsin TN
39.4%Decision denial ratestate 21.7%
7.25%Median ratestate 6.62%
$285,000Median loanstate $225,000
$70MVolume37 counties

Hometown Equity Mortgage in Tennessee vs the state

38.4%Denial rate+21.24 pts vs state
39.4%Decision denial rate+17.67 pts vs state
53.2%Origination rate-4.91 pts vs state
7.25%Median rate+0.63 pts vs state
0.65Rate spread (pts)+0.42 pts vs state
$97kMedian applicant income
151Loans originated
109Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231668634.3%8.06%#212
20241708744.1%7.50%#228
202528415138.4%7.25%#167

What Hometown Equity Mortgage lends in Tennessee

By loan purpose

Home purchase 137 48% · 32.1% denied
Refinance 38 13% · 39.5% denied
Cash-out refinance 109 38% · 45.9% denied

By loan type

Conventional 257 90% · 37.4% denied
FHA 26 9% · 50.0% denied
VA 1 0% · 0.0% denied

Why it denied Tennessee applicants

Incomplete application 73 67%
Collateral 20 18%
Credit history 9 8%
Debt-to-income ratio 3 3%
Employment history 1 1%
Insufficient cash 1 1%
Other 1 1%
Unverifiable information 1 1%

Where in Tennessee

Counties with the most Hometown Equity Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Sevier County 654013 20.0%
Shelby County 592731 52.5%
Davidson County 402017 42.5%
Knox County 22152 9.1%
Montgomery County 14104 28.6%
Williamson County 1458 57.1%
Cocke County 770 0.0%
Hamilton County 651 16.7%
Giles County 505 100.0%
Rutherford County 532 40.0%

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: 284 applications in 2025, of which 151 were originated and 109 denied.

38.4% of all applications, or 39.4% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Hometown Equity Mortgage originated in Tennessee in 2025 was 7.25%, against a statewide median of 6.62%.

About this data. Figures are Hometown Equity Mortgage'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