Mission Loans · Tennessee · 2025

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

Mission Loans took 303 mortgage applications in Tennessee in 2025, ranking #163 of 1,274 lenders active in the state. It originated 11.6% of them and denied 0.7% (4.6% of the applications it decided), against a statewide denial rate of 17.1%.

303Applicationsin TN
4.6%Decision denial ratestate 21.7%
7.49%Median ratestate 6.62%
$155,000Median loanstate $225,000
$8.1MVolume64 counties

Mission Loans in Tennessee vs the state

0.7%Denial rate-16.48 pts vs state
4.6%Decision denial rate-17.13 pts vs state
11.6%Origination rate-46.53 pts vs state
7.49%Median rate+0.87 pts vs state
1.26Rate spread (pts)+1.03 pts vs state
$75kMedian applicant income
35Loans originated
2Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231169.1%9.06%#599
202455151.8%11.00%#382
2025303350.7%7.49%#163

What Mission Loans lends in Tennessee

By loan purpose

Home purchase 6 2% · 0.0% denied
Refinance 51 17% · 0.0% denied
Cash-out refinance 155 51% · 1.3% denied
Other / HELOC 91 30% · 0.0% denied

By loan type

Conventional 207 68% · 0.5% denied
FHA 78 26% · 1.3% denied
VA 18 6% · 0.0% denied

Why it denied Tennessee applicants

Credit history 1 50%
Other 1 50%

Where in Tennessee

Counties with the most Mission Loans applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Shelby County 3230 0.0%
Knox County 2340 0.0%
Hamilton County 2020 0.0%
Davidson County 1721 5.9%
Rutherford County 1420 0.0%
Montgomery County 1310 0.0%
Sumner County 1310 0.0%
Williamson County 1300 0.0%
Sullivan County 1010 0.0%
Sevier County 1010 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: 303 applications in 2025, of which 35 were originated and 2 denied.

0.7% of all applications, or 4.6% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Mission Loans originated in Tennessee in 2025 was 7.49%, against a statewide median of 6.62%.

About this data. Figures are Mission Loans'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