Old National Bank · Tennessee · 2025

Old National Bank in Tennessee: approval rate, denial rate and rates (2025)

Old National Bank took 1,485 mortgage applications in Tennessee in 2025, ranking #49 of 1,274 lenders active in the state. It originated 67.3% of them and denied 16.9% (19.6% of the applications it decided), against a statewide denial rate of 17.1%.

1.5kApplicationsin TN
19.6%Decision denial ratestate 21.7%
6.25%Median ratestate 6.62%
$295,000Median loanstate $225,000
$489MVolume59 counties

Old National Bank in Tennessee vs the state

16.9%Denial rate-0.24 pts vs state
19.6%Decision denial rate-2.04 pts vs state
67.3%Origination rate+9.19 pts vs state
6.25%Median rate-0.37 pts vs state
-0.10Rate spread (pts)-0.33 pts vs state
$120kMedian applicant income
999Loans originated
251Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023211714.3%6.25%#510
20241,00868017.4%6.63%#62
20251,48599916.9%6.25%#49

What Old National Bank lends in Tennessee

By loan purpose

Home purchase 772 52% · 9.6% denied
Refinance 256 17% · 19.5% denied
Cash-out refinance 144 10% · 29.2% denied
Home improvement 107 7% · 23.4% denied
Other / HELOC 206 14% · 29.1% denied

By loan type

Conventional 1,319 89% · 16.2% denied
FHA 104 7% · 25.0% denied
VA 51 3% · 13.7% denied
USDA / RHS 11 1% · 36.4% denied

Why it denied Tennessee applicants

Debt-to-income ratio 105 42%
Credit history 68 27%
Collateral 37 15%
Other 24 10%
Insufficient cash 6 2%
Incomplete application 6 2%
Unverifiable information 3 1%
Employment history 2 1%

Where in Tennessee

Counties with the most Old National Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Davidson County 47835257 11.9%
Williamson County 18012818 10.0%
McMinn County 1309718 13.8%
Sumner County 1237523 18.7%
Rutherford County 834820 24.1%
Wilson County 44269 20.5%
Bradley County 41199 22.0%
Monroe County 392313 33.3%
Robertson County 34243 8.8%
Montgomery County 29147 24.1%

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: 1,485 applications in 2025, of which 999 were originated and 251 denied.

16.9% of all applications, or 19.6% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Old National Bank originated in Tennessee in 2025 was 6.25%, against a statewide median of 6.62%.

About this data. Figures are Old National Bank'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