NFM in Tennessee vs the state
2.1%Denial rate-15.00 pts vs state
2.9%Decision denial rate-18.78 pts vs state
70.8%Origination rate+12.74 pts vs state
6.75%Median rate+0.13 pts vs state
0.56Rate spread (pts)+0.33 pts vs state
$114kMedian applicant income
199Loans originated
6Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 366 | 229 | 7.1% | 6.99% | #117 |
| 2024 | 290 | 200 | 3.8% | 6.99% | #151 |
| 2025 | 281 | 199 | 2.1% | 6.75% | #169 |
What NFM lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most NFM applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hamilton County | 46 | 30 | 0 | 0.0% |
| Knox County | 37 | 30 | 0 | 0.0% |
| Davidson County | 30 | 19 | 0 | 0.0% |
| Shelby County | 22 | 14 | 3 | 13.6% |
| Williamson County | 18 | 17 | 0 | 0.0% |
| Blount County | 12 | 8 | 1 | 8.3% |
| Loudon County | 10 | 9 | 0 | 0.0% |
| Maury County | 9 | 7 | 0 | 0.0% |
| Sevier County | 8 | 5 | 0 | 0.0% |
| Anderson County | 7 | 5 | 1 | 14.3% |
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: 281 applications in 2025, of which 199 were originated and 6 denied.
2.1% of all applications, or 2.9% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans NFM originated in Tennessee in 2025 was 6.75%, against a statewide median of 6.62%.
About this data. Figures are NFM'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