Navy Federal Credit Union in Tennessee vs the state
21.4%Denial rate+4.21 pts vs state
31.0%Decision denial rate+9.31 pts vs state
46.6%Origination rate-11.46 pts vs state
7.25%Median rate+0.63 pts vs state
0.34Rate spread (pts)+0.11 pts vs state
$112kMedian applicant income
1,902Loans originated
871Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,804 | 1,649 | 27.2% | 7.25% | #16 |
| 2024 | 3,962 | 1,832 | 21.8% | 7.25% | #14 |
| 2025 | 4,080 | 1,902 | 21.4% | 7.25% | #14 |
What Navy Federal Credit Union lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Navy Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Shelby County | 759 | 286 | 221 | 29.1% |
| Montgomery County | 551 | 254 | 142 | 25.8% |
| Davidson County | 258 | 112 | 67 | 26.0% |
| Knox County | 243 | 128 | 47 | 19.3% |
| Hamilton County | 213 | 104 | 29 | 13.6% |
| Rutherford County | 192 | 97 | 43 | 22.4% |
| Williamson County | 112 | 55 | 20 | 17.9% |
| Tipton County | 109 | 55 | 24 | 22.0% |
| Sumner County | 97 | 45 | 17 | 17.5% |
| Wilson County | 88 | 47 | 12 | 13.6% |
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: 4,080 applications in 2025, of which 1,902 were originated and 871 denied.
21.4% of all applications, or 31.0% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Navy Federal Credit Union originated in Tennessee in 2025 was 7.25%, against a statewide median of 6.62%.
About this data. Figures are Navy Federal Credit Union'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