Loansteady · Tennessee · 2025

Loansteady in Tennessee: approval rate, denial rate and rates (2025)

Loansteady took 26 mortgage applications in Tennessee in 2025, ranking #505 of 1,274 lenders active in the state. It originated 57.7% of them and denied 3.9% (5.6% of the applications it decided), against a statewide denial rate of 17.1%.

26Applicationsin TN
5.6%Decision denial ratestate 21.7%
6.13%Median ratestate 6.62%
$365,000Median loanstate $225,000
$6.5MVolume16 counties

Loansteady in Tennessee vs the state

3.9%Denial rate-13.29 pts vs state
5.6%Decision denial rate-16.12 pts vs state
57.7%Origination rate-0.39 pts vs state
6.13%Median rate-0.50 pts vs state
-0.21Rate spread (pts)-0.44 pts vs state
$129kMedian applicant income
15Loans originated
1Denied

What Loansteady lends in Tennessee

By loan purpose

Home purchase 22 85% · 0.0% denied
Refinance 2 8% · 0.0% denied
Cash-out refinance 2 8% · 50.0% denied

By loan type

Conventional 21 81% · 4.8% denied
FHA 3 12% · 0.0% denied
VA 2 8% · 0.0% denied

Why it denied Tennessee applicants

Credit history 1 100%

Where in Tennessee

Counties with the most Loansteady applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Sumner County 420 0.0%
Shelby County 310 0.0%
Knox County 310 0.0%
Hamilton County 210 0.0%
Greene County 220 0.0%
Bedford County 210 0.0%
Davidson County 110 0.0%
Loudon County 110 0.0%
Williamson County 110 0.0%
Sevier County 110 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: 26 applications in 2025, of which 15 were originated and 1 denied.

3.9% of all applications, or 5.6% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Loansteady originated in Tennessee in 2025 was 6.13%, against a statewide median of 6.62%.

About this data. Figures are Loansteady'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