Renasant Bank · Tennessee · 2025

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

Renasant Bank took 1,286 mortgage applications in Tennessee in 2025, ranking #53 of 1,274 lenders active in the state. It originated 73.2% of them and denied 8.8% (10.6% of the applications it decided), against a statewide denial rate of 17.1%.

1.3kApplicationsin TN
10.6%Decision denial ratestate 21.7%
6.50%Median ratestate 6.62%
$245,000Median loanstate $225,000
$331MVolume76 counties

Renasant Bank in Tennessee vs the state

8.8%Denial rate-8.35 pts vs state
10.6%Decision denial rate-11.04 pts vs state
73.2%Origination rate+15.09 pts vs state
6.50%Median rate-0.12 pts vs state
0.03Rate spread (pts)-0.20 pts vs state
$102kMedian applicant income
941Loans originated
113Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,37898312.8%7.50%#46
20241,3119888.9%7.00%#48
20251,2869418.8%6.50%#53

What Renasant Bank lends in Tennessee

By loan purpose

Home purchase 756 59% · 6.0% denied
Refinance 275 21% · 6.2% denied
Cash-out refinance 62 5% · 9.7% denied
Home improvement 27 2% · 11.1% denied
Other / HELOC 166 13% · 25.3% denied

By loan type

Conventional 1,085 84% · 8.9% denied
FHA 137 11% · 8.8% denied
VA 28 2% · 14.3% denied
USDA / RHS 36 3% · 2.8% denied

Why it denied Tennessee applicants

Debt-to-income ratio 43 38%
Credit history 21 19%
Collateral 13 12%
Incomplete application 11 10%
Employment history 7 6%
Unverifiable information 7 6%
Other 6 5%
Insufficient cash 5 4%

Where in Tennessee

Counties with the most Renasant Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Shelby County 33323928 8.4%
Davidson County 31720137 11.7%
Williamson County 73535 6.8%
Blount County 62495 8.1%
Sullivan County 46366 13.0%
Knox County 37293 8.1%
Lawrence County 33251 3.0%
Warren County 30300 0.0%
Washington County 29252 6.9%
Rutherford County 29173 10.3%

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: 1,286 applications in 2025, of which 941 were originated and 113 denied.

8.8% of all applications, or 10.6% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Renasant Bank originated in Tennessee in 2025 was 6.50%, against a statewide median of 6.62%.

About this data. Figures are Renasant 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