Quorum Federal Credit Union · Tennessee · 2025

Quorum Federal Credit Union in Tennessee: approval rate, denial rate and rates (2025)

Quorum Federal Credit Union took 257 mortgage applications in Tennessee in 2025, ranking #181 of 1,274 lenders active in the state. It originated 52.9% of them and denied 31.5% (33.1% of the applications it decided), against a statewide denial rate of 17.1%.

257Applicationsin TN
33.1%Decision denial ratestate 21.7%
8.63%Median ratestate 6.62%
$105,000Median loanstate $225,000
$21MVolume49 counties

Quorum Federal Credit Union in Tennessee vs the state

31.5%Denial rate+14.38 pts vs state
33.1%Decision denial rate+11.38 pts vs state
52.9%Origination rate-5.16 pts vs state
8.63%Median rate+2.00 pts vs state
1.50Rate spread (pts)+1.27 pts vs state
$132kMedian applicant income
136Loans originated
81Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231146036.0%10.56%#271
202424413425.0%9.75%#174
202525713631.5%8.63%#181

What Quorum Federal Credit Union lends in Tennessee

By loan purpose

Home purchase 3 1% · 66.7% denied
Refinance 32 12% · 37.5% denied
Cash-out refinance 217 84% · 30.0% denied
Home improvement 5 2% · 40.0% denied

By loan type

Conventional 257 100% · 31.5% denied

Why it denied Tennessee applicants

Debt-to-income ratio 44 54%
Incomplete application 15 19%
Collateral 13 16%
Other 6 7%
Credit history 3 4%

Where in Tennessee

Counties with the most Quorum Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Davidson County 563217 30.4%
Williamson County 372310 27.0%
Wilson County 20112 10.0%
Rutherford County 19115 26.3%
Knox County 1136 54.5%
Shelby County 1127 63.6%
Hamilton County 960 0.0%
Sumner County 852 25.0%
Robertson County 853 37.5%
Maury County 742 28.6%

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: 257 applications in 2025, of which 136 were originated and 81 denied.

31.5% of all applications, or 33.1% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Quorum Federal Credit Union originated in Tennessee in 2025 was 8.63%, against a statewide median of 6.62%.

About this data. Figures are Quorum Federal Credit Union'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