Lower in Tennessee vs the state
12.8%Denial rate-4.30 pts vs state
19.4%Decision denial rate-2.31 pts vs state
53.3%Origination rate-4.79 pts vs state
6.63%Median rate0.00 pts vs state
0.43Rate spread (pts)+0.20 pts vs state
$94kMedian applicant income
332Loans originated
80Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 504 | 334 | 15.3% | 6.75% | #94 |
| 2024 | 537 | 315 | 11.0% | 6.75% | #99 |
| 2025 | 623 | 332 | 12.8% | 6.63% | #94 |
What Lower lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Knox County | 81 | 58 | 4 | 4.9% |
| Davidson County | 48 | 25 | 3 | 6.3% |
| Blount County | 30 | 19 | 1 | 3.3% |
| Tipton County | 29 | 24 | 4 | 13.8% |
| Williamson County | 25 | 16 | 2 | 8.0% |
| Rutherford County | 25 | 11 | 5 | 20.0% |
| Shelby County | 21 | 12 | 1 | 4.8% |
| Sevier County | 18 | 8 | 4 | 22.2% |
| Hamilton County | 17 | 5 | 4 | 23.5% |
| Sullivan County | 16 | 5 | 3 | 18.8% |
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: 623 applications in 2025, of which 332 were originated and 80 denied.
12.8% of all applications, or 19.4% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Lower originated in Tennessee in 2025 was 6.63%, against a statewide median of 6.62%.
About this data. Figures are Lower'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