Planet Home Lending in Tennessee vs the state
17.9%Denial rate+0.77 pts vs state
19.2%Decision denial rate-2.48 pts vs state
74.3%Origination rate+16.25 pts vs state
5.99%Median rate-0.63 pts vs state
-0.18Rate spread (pts)-0.41 pts vs state
$96kMedian applicant income
278Loans originated
67Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 202 | 145 | 24.8% | 6.25% | #190 |
| 2024 | 311 | 229 | 20.3% | 5.99% | #142 |
| 2025 | 374 | 278 | 17.9% | 5.99% | #136 |
What Planet Home Lending lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Planet Home Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Montgomery County | 39 | 30 | 7 | 17.9% |
| Shelby County | 28 | 18 | 7 | 25.0% |
| Knox County | 21 | 15 | 5 | 23.8% |
| Davidson County | 21 | 18 | 2 | 9.5% |
| Rutherford County | 20 | 19 | 1 | 5.0% |
| Hamilton County | 19 | 14 | 5 | 26.3% |
| Sumner County | 15 | 12 | 2 | 13.3% |
| Wilson County | 10 | 9 | 1 | 10.0% |
| Tipton County | 9 | 9 | 0 | 0.0% |
| Fayette County | 8 | 7 | 1 | 12.5% |
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: 374 applications in 2025, of which 278 were originated and 67 denied.
17.9% of all applications, or 19.2% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Planet Home Lending originated in Tennessee in 2025 was 5.99%, against a statewide median of 6.62%.
About this data. Figures are Planet Home Lending'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