Peoples Bank · Tennessee · 2025

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

Peoples Bank took 15 mortgage applications in Tennessee in 2025, ranking #579 of 1,274 lenders active in the state. It originated 66.7% of them and denied 13.3% (16.7% of the applications it decided), against a statewide denial rate of 17.1%.

15Applicationsin TN
16.7%Decision denial ratestate 21.7%
Median ratestate 6.62%
$325,000Median loanstate $225,000
$3.1MVolume10 counties

Peoples Bank in Tennessee vs the state

13.3%Denial rate-3.81 pts vs state
16.7%Decision denial rate-5.01 pts vs state
66.7%Origination rate+8.59 pts vs state
Median rate
Rate spread (pts)
$95kMedian applicant income
10Loans originated
2Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20239511.1%#640
202413100.0%#563
2025151013.3%#579

What Peoples Bank lends in Tennessee

By loan purpose

Home purchase 7 47% · 14.3% denied
Cash-out refinance 8 53% · 12.5% denied

By loan type

FHA 12 80% · 16.7% denied
VA 2 13% · 0.0% denied
USDA / RHS 1 7% · 0.0% denied

Where in Tennessee

Counties with the most Peoples Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Gibson County 421 25.0%
Shelby County 330 0.0%
Scott County 100 0.0%
Montgomery County 110 0.0%
Hardeman County 100 0.0%
McMinn County 101 100.0%
Cumberland County 110 0.0%
Cheatham County 110 0.0%
Smith County 110 0.0%
Rhea County 110 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: 15 applications in 2025, of which 10 were originated and 2 denied.

13.3% of all applications, or 16.7% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Peoples 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