Sofi Bank in Tennessee vs the state
8.8%Denial rate-8.34 pts vs state
20.3%Decision denial rate-1.34 pts vs state
33.6%Origination rate-24.53 pts vs state
7.29%Median rate+0.67 pts vs state
1.44Rate spread (pts)+1.21 pts vs state
$120kMedian applicant income
408Loans originated
107Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 213 | 78 | 12.7% | 6.88% | #183 |
| 2024 | 310 | 131 | 16.5% | 6.88% | #144 |
| 2025 | 1,216 | 408 | 8.8% | 7.29% | #54 |
What Sofi Bank lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Davidson County | 151 | 55 | 14 | 9.3% |
| Shelby County | 116 | 31 | 10 | 8.6% |
| Knox County | 105 | 50 | 7 | 6.7% |
| Hamilton County | 94 | 41 | 5 | 5.3% |
| Williamson County | 83 | 28 | 6 | 7.2% |
| Sumner County | 62 | 21 | 6 | 9.7% |
| Rutherford County | 57 | 17 | 5 | 8.8% |
| Montgomery County | 38 | 13 | 1 | 2.6% |
| Wilson County | 37 | 16 | 3 | 8.1% |
| Bradley County | 28 | 11 | 3 | 10.7% |
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: 1,216 applications in 2025, of which 408 were originated and 107 denied.
8.8% of all applications, or 20.3% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Sofi Bank originated in Tennessee in 2025 was 7.29%, against a statewide median of 6.62%.
About this data. Figures are Sofi 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