Independent Bank in Tennessee vs the state
4.3%Denial rate-12.87 pts vs state
5.2%Decision denial rate-16.47 pts vs state
77.8%Origination rate+19.70 pts vs state
—Median rate
—Rate spread (pts)
$114kMedian applicant income
91Loans originated
5Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 195 | 135 | 9.7% | 6.75% | #198 |
| 2024 | 180 | 126 | 11.1% | 6.99% | #222 |
| 2025 | 117 | 91 | 4.3% | — | #296 |
What Independent Bank lends in Tennessee
By loan purpose
By loan type
Where in Tennessee
Counties with the most Independent Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Shelby County | 101 | 80 | 5 | 5.0% |
| Fayette County | 8 | 8 | 0 | 0.0% |
| Gibson County | 1 | 0 | 0 | 0.0% |
| Marion County | 1 | 0 | 0 | 0.0% |
| Knox County | 1 | 0 | 0 | 0.0% |
| Roane County | 1 | 0 | 0 | 0.0% |
| Hardin County | 1 | 1 | 0 | 0.0% |
| Madison County | 1 | 1 | 0 | 0.0% |
| Anderson County | 1 | 1 | 0 | 0.0% |
| Tipton County | 1 | 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: 117 applications in 2025, of which 91 were originated and 5 denied.
4.3% of all applications, or 5.2% 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 Independent 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