Peoples Bank of East Tennessee · Tennessee · 2025

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

Peoples Bank of East Tennessee took 147 mortgage applications in Tennessee in 2025, ranking #265 of 1,274 lenders active in the state. It originated 78.2% of them and denied 8.2% (9.5% of the applications it decided), against a statewide denial rate of 17.1%.

147Applicationsin TN
9.5%Decision denial ratestate 21.7%
Median ratestate 6.62%
$155,000Median loanstate $225,000
$24MVolume11 counties

Peoples Bank of East Tennessee in Tennessee vs the state

8.2%Denial rate-8.98 pts vs state
9.5%Decision denial rate-12.23 pts vs state
78.2%Origination rate+20.15 pts vs state
Median rate
Rate spread (pts)
$81kMedian applicant income
115Loans originated
12Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231097611.9%#280
2024967210.4%#315
20251471158.2%#265

What Peoples Bank of East Tennessee lends in Tennessee

By loan purpose

Home purchase 64 44% · 6.3% denied
Refinance 50 34% · 2.0% denied
Home improvement 7 5% · 0.0% denied
Other / HELOC 26 18% · 26.9% denied

By loan type

Conventional 147 100% · 8.2% denied

Where in Tennessee

Counties with the most Peoples Bank of East Tennessee applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Monroe County 67527 10.4%
McMinn County 23152 8.7%
Polk County 13111 7.7%
Loudon County 1190 0.0%
Blount County 1081 10.0%
Sevier County 880 0.0%
Knox County 751 14.3%
Roane County 330 0.0%
Meigs County 210 0.0%
Hamilton County 220 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: 147 applications in 2025, of which 115 were originated and 12 denied.

8.2% of all applications, or 9.5% 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 of East Tennessee'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