Princeton Mortgage · Tennessee · 2025

Princeton Mortgage in Tennessee: approval rate, denial rate and rates (2025)

Princeton Mortgage took 247 mortgage applications in Tennessee in 2025, ranking #185 of 1,274 lenders active in the state. It originated 50.2% of them and denied 6.9% (10.2% of the applications it decided), against a statewide denial rate of 17.1%.

247Applicationsin TN
10.2%Decision denial ratestate 21.7%
6.38%Median ratestate 6.62%
$365,000Median loanstate $225,000
$46MVolume34 counties

Princeton Mortgage in Tennessee vs the state

6.9%Denial rate-10.26 pts vs state
10.2%Decision denial rate-11.50 pts vs state
50.2%Origination rate-7.88 pts vs state
6.38%Median rate-0.25 pts vs state
0.24Rate spread (pts)+0.01 pts vs state
$111kMedian applicant income
124Loans originated
17Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
202388591.1%6.75%#313
2024322115.6%6.13%#452
20252471246.9%6.38%#185

What Princeton Mortgage lends in Tennessee

By loan purpose

Home purchase 178 72% · 7.3% denied
Refinance 47 19% · 6.4% denied
Cash-out refinance 17 7% · 5.9% denied
Home improvement 5 2% · 0.0% denied

By loan type

Conventional 124 50% · 5.7% denied
FHA 88 36% · 9.1% denied
VA 32 13% · 0.0% denied
USDA / RHS 3 1% · 66.7% denied

Why it denied Tennessee applicants

Debt-to-income ratio 5 29%
Unverifiable information 3 18%
Other 3 18%
Collateral 2 12%
Employment history 2 12%
Credit history 1 6%
Incomplete application 1 6%

Where in Tennessee

Counties with the most Princeton Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Davidson County 76316 7.9%
Knox County 35232 5.7%
Williamson County 23101 4.3%
Wilson County 17100 0.0%
Macon County 1362 15.4%
Blount County 1271 8.3%
Sevier County 1061 10.0%
Rutherford County 950 0.0%
Sumner County 840 0.0%
Hamblen County 710 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: 247 applications in 2025, of which 124 were originated and 17 denied.

6.9% of all applications, or 10.2% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Princeton Mortgage originated in Tennessee in 2025 was 6.38%, against a statewide median of 6.62%.

About this data. Figures are Princeton Mortgage'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