Loan Funder in Tennessee vs the state
13.7%Denial rate-3.44 pts vs state
24.8%Decision denial rate+3.09 pts vs state
41.6%Origination rate-16.48 pts vs state
7.79%Median rate+1.17 pts vs state
—Rate spread (pts)
—Median applicant income
161Loans originated
53Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 128 | 73 | 3.9% | 9.11% | #256 |
| 2024 | 391 | 159 | 14.3% | 8.37% | #122 |
| 2025 | 387 | 161 | 13.7% | 7.79% | #133 |
What Loan Funder lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Loan Funder applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Shelby County | 188 | 96 | 24 | 12.8% |
| Davidson County | 36 | 5 | 9 | 25.0% |
| Hamilton County | 24 | 14 | 0 | 0.0% |
| Knox County | 19 | 8 | 1 | 5.3% |
| Anderson County | 14 | 7 | 0 | 0.0% |
| Montgomery County | 11 | 6 | 0 | 0.0% |
| Sumner County | 11 | 3 | 7 | 63.6% |
| Sevier County | 10 | 3 | 2 | 20.0% |
| Sullivan County | 8 | 2 | 2 | 25.0% |
| Madison County | 7 | 1 | 1 | 14.3% |
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: 387 applications in 2025, of which 161 were originated and 53 denied.
13.7% of all applications, or 24.8% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Loan Funder originated in Tennessee in 2025 was 7.79%, against a statewide median of 6.62%.
About this data. Figures are Loan Funder'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