Mckenzie Banking · Tennessee · 2025

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

Mckenzie Banking took 101 mortgage applications in Tennessee in 2025, ranking #324 of 1,274 lenders active in the state. It originated 67.3% of them and denied 17.8% (20.9% of the applications it decided), against a statewide denial rate of 17.1%.

101Applicationsin TN
20.9%Decision denial ratestate 21.7%
Median ratestate 6.62%
$125,000Median loanstate $225,000
$13MVolume20 counties

Mckenzie Banking in Tennessee vs the state

17.8%Denial rate+0.68 pts vs state
20.9%Decision denial rate-0.75 pts vs state
67.3%Origination rate+9.25 pts vs state
Median rate
Rate spread (pts)
$84kMedian applicant income
68Loans originated
18Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231056619.1%#286
20241175329.9%#275
20251016817.8%#324

What Mckenzie Banking lends in Tennessee

By loan purpose

Home purchase 54 53% · 14.8% denied
Refinance 14 14% · 21.4% denied
Cash-out refinance 6 6% · 16.7% denied
Home improvement 13 13% · 23.1% denied
Other / HELOC 14 14% · 21.4% denied

By loan type

Conventional 101 100% · 17.8% denied

Where in Tennessee

Counties with the most Mckenzie Banking applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Madison County 26185 19.2%
Henry County 23115 21.7%
Obion County 880 0.0%
Carroll County 751 14.3%
Dyer County 540 0.0%
Gibson County 550 0.0%
Shelby County 541 20.0%
Crockett County 431 25.0%
Weakley County 413 75.0%
Haywood County 320 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: 101 applications in 2025, of which 68 were originated and 18 denied.

17.8% of all applications, or 20.9% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Mckenzie Banking'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