Rocket Mortgage · Tennessee · 2025

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

Rocket Mortgage took 16,503 mortgage applications in Tennessee in 2025, ranking #1 of 1,274 lenders active in the state. It originated 72.2% of them and denied 17.3% (18.7% of the applications it decided), against a statewide denial rate of 17.1%.

17kApplicationsin TN
18.7%Decision denial ratestate 21.7%
6.50%Median ratestate 6.62%
$215,000Median loanstate $225,000
$2.9BVolume95 counties

Rocket Mortgage in Tennessee vs the state

17.3%Denial rate+0.13 pts vs state
18.7%Decision denial rate-2.97 pts vs state
72.2%Origination rate+14.14 pts vs state
6.50%Median rate-0.12 pts vs state
0.47Rate spread (pts)+0.24 pts vs state
$89kMedian applicant income
11,919Loans originated
2,850Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
202311,1888,24416.1%6.50%#2
202412,8589,56016.1%6.50%#1
202516,50311,91917.3%6.50%#1

What Rocket Mortgage lends in Tennessee

By loan purpose

Home purchase 3,884 24% · 12.5% denied
Refinance 3,182 19% · 16.3% denied
Cash-out refinance 8,609 52% · 19.1% denied
Home improvement 271 2% · 25.5% denied
Other / HELOC 557 3% · 23.3% denied

By loan type

Conventional 11,418 69% · 15.3% denied
FHA 3,394 21% · 25.3% denied
VA 1,691 10% · 14.6% denied

Why it denied Tennessee applicants

Collateral 1,165 41%
Debt-to-income ratio 615 22%
Incomplete application 549 19%
Credit history 172 6%
Insufficient cash 137 5%
Other 129 5%
Unverifiable information 66 2%
Employment history 17 1%

Where in Tennessee

Counties with the most Rocket Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Shelby County 1,283838300 23.4%
Davidson County 1,261904220 17.4%
Knox County 1,227948160 13.0%
Rutherford County 878662114 13.0%
Hamilton County 877644128 14.6%
Sumner County 639459100 15.6%
Montgomery County 606434104 17.2%
Williamson County 58945479 13.4%
Wilson County 43032754 12.6%
Sullivan County 37626167 17.8%

Other large lenders in Tennessee

LenderGradeApplicationsDenial rateMedian rate
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%
Eastman Credit UnionD 4,43621.5%7.25%

Frequently asked questions

Tennessee: 16,503 applications in 2025, of which 11,919 were originated and 2,850 denied.

17.3% of all applications, or 18.7% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

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

About this data. Figures are Rocket 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