Knoxville Teachers Federal Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
96th0.5% deniedPricingmedian rate spread over APOR, weight 30%
89th-0.14 ptsProcesswithdrawn + incomplete share, weight 15%
93rd1.0%Closing coststotal loan costs ÷ loan amount, weight 10%
90th0.78% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 78 | 76 | 2.6% | 2.6% | 6.99% | $14M |
| 2024 | 107 | 103 | 1.9% | 1.9% | 7.15% | $26M |
| 2025 | 199 | 196 | 0.5% | 0.5% | 6.65% | $46M |
What Knoxville Teachers Federal Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 9 manufactured homes, 48 investment properties.
Why Knoxville Teachers Federal Credit Union denies applications
Primary reason reported for each of the 1 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Knoxville Teachers Federal Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 47 | 47 | 0.0% |
| $100k – $150k | 40 | 39 | 0.0% |
| $150k – $250k | 64 | 63 | 0.0% |
| Over $250k | 29 | 29 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 35 | 34 | 0.0% |
| 25–34 | 28 | 28 | 0.0% |
| 35–44 | 28 | 27 | 3.6% |
| 45–54 | 40 | 39 | 0.0% |
| 55–64 | 36 | 36 | 0.0% |
| 65–74 | 23 | 23 | 0.0% |
Where Knoxville Teachers Federal Credit Union lends
1 states and 11 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Tennessee | 199 | 196 | 0.5% | 6.65% | #217 |
Frequently asked questions
Knoxville Teachers Federal Credit Union denied 0.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 96th percentile of small mortgage lenders.
The most common reason Knoxville Teachers Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 100.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Knoxville Teachers Federal Credit Union originated in 2025 was 6.65%, and its median rate spread over the average prime offer rate was -0.14 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 20% of its applications were for home purchases, 54% for refinancing (including cash-out), and 26% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.