Mid-Continent Funding in Tennessee vs the state
6.9%Denial rate-10.24 pts vs state
8.7%Decision denial rate-12.98 pts vs state
58.6%Origination rate+0.54 pts vs state
6.13%Median rate-0.50 pts vs state
-0.12Rate spread (pts)-0.35 pts vs state
$88kMedian applicant income
17Loans originated
2Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 69 | 42 | 2.9% | 6.25% | #340 |
| 2024 | 29 | 18 | 0.0% | 6.00% | #467 |
| 2025 | 29 | 17 | 6.9% | 6.13% | #488 |
What Mid-Continent Funding lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Mid-Continent Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Montgomery County | 6 | 2 | 0 | 0.0% |
| Shelby County | 3 | 1 | 1 | 33.3% |
| Rutherford County | 3 | 2 | 0 | 0.0% |
| Sumner County | 2 | 1 | 0 | 0.0% |
| Coffee County | 2 | 1 | 1 | 50.0% |
| Greene County | 1 | 0 | 0 | 0.0% |
| Fentress County | 1 | 1 | 0 | 0.0% |
| Henry County | 1 | 1 | 0 | 0.0% |
| Sullivan County | 1 | 1 | 0 | 0.0% |
| Roane County | 1 | 0 | 0 | 0.0% |
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: 29 applications in 2025, of which 17 were originated and 2 denied.
6.9% of all applications, or 8.7% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Mid-Continent Funding originated in Tennessee in 2025 was 6.13%, against a statewide median of 6.62%.
About this data. Figures are Mid-Continent Funding'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