Legacy Home Loans · Tennessee · 2025

Legacy Home Loans in Tennessee: approval rate, denial rate and rates (2025)

Legacy Home Loans took 1,420 mortgage applications in Tennessee in 2025, ranking #50 of 1,274 lenders active in the state. It originated 82.5% of them and denied 1.1% (1.3% of the applications it decided), against a statewide denial rate of 17.1%.

1.4kApplicationsin TN
1.3%Decision denial ratestate 21.7%
6.49%Median ratestate 6.62%
$405,000Median loanstate $225,000
$570MVolume43 counties

Legacy Home Loans in Tennessee vs the state

1.1%Denial rate-16.08 pts vs state
1.3%Decision denial rate-20.42 pts vs state
82.5%Origination rate+24.38 pts vs state
6.49%Median rate-0.13 pts vs state
0.01Rate spread (pts)-0.22 pts vs state
$145kMedian applicant income
1,171Loans originated
15Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,3621,0971.9%6.63%#47
20241,6021,2582.3%6.63%#43
20251,4201,1711.1%6.49%#50

What Legacy Home Loans lends in Tennessee

By loan purpose

Home purchase 1,182 83% · 0.9% denied
Refinance 179 13% · 1.7% denied
Cash-out refinance 59 4% · 3.4% denied

By loan type

Conventional 1,177 83% · 0.7% denied
FHA 132 9% · 3.8% denied
VA 110 8% · 0.9% denied
USDA / RHS 1 0% · 100.0% denied

Why it denied Tennessee applicants

Credit history 6 40%
Debt-to-income ratio 3 20%
Collateral 2 13%
Employment history 2 13%
Incomplete application 1 7%
Other 1 7%

Where in Tennessee

Counties with the most Legacy Home Loans applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Davidson County 5714842 0.4%
Williamson County 2752302 0.7%
Montgomery County 1291023 2.3%
Rutherford County 100770 0.0%
Sumner County 83670 0.0%
Wilson County 56431 1.8%
Maury County 44323 6.8%
Dickson County 22210 0.0%
Cheatham County 20151 5.0%
Robertson County 15150 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: 1,420 applications in 2025, of which 1,171 were originated and 15 denied.

1.1% of all applications, or 1.3% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Legacy Home Loans originated in Tennessee in 2025 was 6.49%, against a statewide median of 6.62%.

About this data. Figures are Legacy Home Loans'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