Nations Direct Mortgage · Tennessee · 2025

Nations Direct Mortgage in Tennessee: approval rate, denial rate and rates (2025)

Nations Direct Mortgage took 60 mortgage applications in Tennessee in 2025, ranking #385 of 1,274 lenders active in the state. It originated 56.7% of them and denied 6.7% (10.5% of the applications it decided), against a statewide denial rate of 17.1%.

60Applicationsin TN
10.5%Decision denial ratestate 21.7%
6.56%Median ratestate 6.62%
$340,000Median loanstate $225,000
$12MVolume24 counties

Nations Direct Mortgage in Tennessee vs the state

6.7%Denial rate-10.47 pts vs state
10.5%Decision denial rate-11.15 pts vs state
56.7%Origination rate-1.41 pts vs state
6.56%Median rate-0.07 pts vs state
0.28Rate spread (pts)+0.05 pts vs state
$113kMedian applicant income
34Loans originated
4Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023401812.5%6.63%#424
2024552812.7%6.69%#383
202560346.7%6.56%#385

What Nations Direct Mortgage lends in Tennessee

By loan purpose

Home purchase 41 68% · 4.9% denied
Refinance 3 5% · 0.0% denied
Cash-out refinance 16 27% · 12.5% denied

By loan type

Conventional 32 53% · 6.3% denied
FHA 18 30% · 11.1% denied
VA 10 17% · 0.0% denied

Why it denied Tennessee applicants

Credit history 2 50%
Employment history 1 25%
Debt-to-income ratio 1 25%

Where in Tennessee

Counties with the most Nations Direct Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Davidson County 1351 7.7%
Sumner County 730 0.0%
Hamilton County 630 0.0%
Shelby County 431 25.0%
Williamson County 300 0.0%
Knox County 330 0.0%
Montgomery County 220 0.0%
Campbell County 220 0.0%
Bradley County 210 0.0%
Wilson County 211 50.0%

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: 60 applications in 2025, of which 34 were originated and 4 denied.

6.7% of all applications, or 10.5% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Nations Direct Mortgage originated in Tennessee in 2025 was 6.56%, against a statewide median of 6.62%.

About this data. Figures are Nations Direct Mortgage'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